July 21, 2023 @ 6:25 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against the issuer of DWE and BPC alleging the issuance of unregistered securities.  The SEC claims that  Alexander Elbanna and his affiliated entities have committed fraud. According to the SEC, between February 2018 and April 2021,… Read More

July 21, 2023 @ 6:09 pm By Omar Faridi  |  

etika, which claims to be the “purpose-driven,” people-first finance pioneer based on fair and ethical finance, has announced its partnership with NHC Holdings, a manufacturer and retailer of therapeutic massage appliances, rehabilitation equipment and adjustable beds. Under the partnership, NHC will leverage etika’s agile POS… Read More

July 21, 2023 @ 4:23 pm By JD Alois  |  

Apple (NASDAQ:AAPL), one of the largest Fintechs in the world, is gaining traction with its new Buy Now Pay Later (BNPL) product. Released this past March but announced months prior, Apple says that Apple Pay Later wants to support its users financial health. The credit… Read More

July 21, 2023 @ 3:45 pm By Omar Faridi  |  

Citi (NYSE: C) has launched its Trade and Working Capital eLoans solution for its U.S. CCB clients. The solution is designed to help clients “meet their current and projected working capital needs through loan advances via Citi’s easy to use and secure eLoans platform.” The… Read More

July 21, 2023 @ 12:46 pm By Omar Faridi  |  

Exactera, which claims to be the leader in technology-driven tax compliance solutions,  announced its new brand identity and named Walter Scott as the company’s new CEO. Exactera also announced it had “raised $33M in additional funding from investment firms Insight Partners and Savant Growth.” Exactera… Read More

July 21, 2023 @ 11:43 am By JD Alois  |  

US Fintech funding increased by 42% during the first half of 2023 when compared to the last half of 2022, according to a report. Fintech funding hit $12.8 billion from January to February 2023 but still down by 33% when compared to the same period… Read More

July 21, 2023 @ 11:29 am By JD Alois  |  

The Digital World Acquisition Corporation (NASDAQ:DWAC), a special purpose acquisition company (SPAC) has been charged with material misrepresentations by the Securities and Exchange Commission (SEC). DWAC has agreed to a cease-and-desist order and to pay an $18 million penalty in the event it closes a… Read More

July 21, 2023 @ 10:21 am By JD Alois  |  

The Subcommittee on Digital Assets, Financial Technology and Inclusion, part of the House Financial Services Committee, and the Subcommittee on Commodity Markets, Digital Assets, and Rural Development, part of the House Agriculture Committee, have revealed the Financial Innovation and Technology for the 21st Century Act… Read More

July 21, 2023 @ 9:24 am By Omar Faridi  |  

Archax, the FCA-regulated digital asset exchange, broker, and custodian, today announced that it has successfully gained ISO27001 certification; a testament to its commitment to meeting strict security and compliance standards. This certification is backed by the International Standards Organization (ISO), “providing assurance for all Archax… Read More

July 21, 2023 @ 9:12 am By Omar Faridi  |  

Societe Generale – FORGE (SG-FORGE), a subsidiary of the Societe Generale Group dedicated to crypto assets activities, announces that it has obtained its regulatory license approval as Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets… Read More

July 21, 2023 @ 9:01 am By Omar Faridi  |  

Nexpay, a Lithuanian Electronic Money Institution (EMI) providing business banking solutions for digital companies, has announced its enhanced service offering by adding SWIFT payments in 23 currencies. This strategic move caters “to the evolving needs of digital businesses worldwide and advances Nexpay‘s ambition to bring… Read More

July 20, 2023 @ 11:22 pm By Omar Faridi  |  

GoCardless, the bank payment company, has announced a partnership with embedded finance solution provider UNIPaaS, who will be the latest payment service provider (PSP) to tap into the fintech’s global bank payment network via a white-label integration. Through GoCardless Embed, UNIPaaS will be able “to… Read More

July 20, 2023 @ 11:07 pm By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur. In order to scale, today’s risk engines force financial institutions to limit the data they use to… Read More

July 20, 2023 @ 11:05 pm By Omar Faridi  |  

Almost half of people (46%) over the age of 55 who are paying off mortgages are worried about rising rates, continuing to meet repayments and how to pay their loans off in full, research from PensionBee, the online pension provider, suggests. The research carried out… Read More

July 20, 2023 @ 11:04 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced a partnership with Brex, a U.S.-based financial technology company, to support its global expansion. Airwallex continues to “assemble a rapidly growing ecosystem of customers and partners, validating its position as a catalyzing force… Read More

July 20, 2023 @ 11:02 pm By Omar Faridi  |  

Nordea has entered into an agreement with Danske Bank to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit “for Nordea and will strengthen Nordea’s market position in Norway among household customers.” The… Read More

July 20, 2023 @ 10:59 pm By Omar Faridi  |  

Klarna, the global payments network and shopping destination, announced a partnership with the Money Adviser Network to help its consumers access free and impartial debt advice quickly, as part of wider efforts to promote healthy spending. This makes Klarna the first Buy Now Pay Later… Read More

July 20, 2023 @ 10:56 pm By Omar Faridi  |  

Orchestrade and Rebar Systems have announced a partnership to provide a fully integrated offering of Rebar’s order management and execution platform (ROME) with Orchestrade’s cross asset front-to-back trading and risk portfolio management system. The asset management industry “faces significant challenges to business operations and budgets… Read More

July 20, 2023 @ 10:53 pm By Omar Faridi  |  

Finaro, the global cross-border payment provider, and UK payments specialist and payment initiation service provider Acquired.com, announced a partnership that will enable Acquired.com (a member of the Quint Group) “to offer its customers Finaro’s tailor-made brilliantly simple acquiring services.” Through this collaboration, Acquired.com customers will… Read More

July 20, 2023 @ 10:51 pm By Omar Faridi  |  

Sumsub announces its plans to make Singapore its APAC headquarters and wider business development goals in the region. This strategic move comes in response “to the escalating threat of identity fraud in the region with the rise in digital startups.” In recent years, Singapore has… Read More