July 5, 2023 @ 2:24 pm By Omar Faridi  |  

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs. Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.” This new securitized facility will “increase Silvr’s financing capacity., which… Read More

July 5, 2023 @ 12:02 pm By Omar Faridi  |  

Binance Australia offices were recently searched by regulatory authorities as a key part of a derivatives probe. ASIC has reportedly visited the offices of Binance in Australia on Tuesday (July 4, 2023). The digital asset exchange claims that it remains focused on complying with applicable… Read More

July 5, 2023 @ 11:58 am By JD Alois  |  

Vestas has expanded its partnership with payment infrastructure provider Mangopay, to manage the payment flows of Covento, its B2B marketplace for the renewable energy sector. The two firms have been working together since 2021. The “enhanced partnership” is expected to see Mangopay manage all payment… Read More

July 5, 2023 @ 11:30 am By JD Alois  |  

Corlytics has acquired Clausematch thus combining two Regtech firms. The terms of the acquisition were not disclosed. Corlytics is plugged directly into multiple international regulators, serving 14 of the top 50 global banks, as well as insurers, payment providers and investment managers. Clausematch works with… Read More

July 5, 2023 @ 11:12 am By JD Alois  |  

Tether says its Euro based stablecoin Euro Tether (EUR₮) and Tether Gold (XAU₮) will soon trade on XT.com. XT.COM Exchange is described as a “social-infused cryptocurrency exchange.” XT.COM reports over 6 million registered users, including more than 500,000 monthly active users. Over 800 different cryptocurrencies… Read More

July 5, 2023 @ 11:03 am By JD Alois  |  

VersiFi has announced seed funding from the Hunting Hill Group (HHG). The amount of the funding was not disclosed. VersiFi is a digital asset firm providing prime services for its customers. HHG is a digital asset investment firm focused and the investment is described as… Read More

July 5, 2023 @ 10:50 am By Omar Faridi  |  

VC activity ticked up in Q1 based on OpenAI’s unconventional corporate investment from Microsoft, according to an update from Pitchbook. Pitchbook has reportedly tracked $22.7 billion in investment during the quarter, “including $12.7 billion from generative AI investments including OpenAI.” If OpenAI’s deal is excluded,… Read More

July 5, 2023 @ 10:44 am By JD Alois  |  

As was previously reported, DealMaker has filed a lawsuit against Issuance and its founder Darren Marble claiming the Issuance platform is “predicated on and copied from DealMaker’s own platform.” In a comment sent to CI, Marble said “the claims in this lawsuit are entirely without… Read More

July 5, 2023 @ 9:54 am By Omar Faridi  |  

Regtech is a rapidly evolving area of technology, especially in a world that has a constant increase in demand for regulatory compliance, according to an update from Juniper Research. Regtech offers solutions to businesses in response “to an increasingly digitalized world that boomed since the… Read More

July 5, 2023 @ 9:00 am By JD Alois  |  

Part of the largest securities crowdfunding operation in the world, Seedrs has announced that it has topped 2000 successful securities offerings on the platform. Part of the Republic group of companies, the combination of the various platforms make Republic/Seedrs the largest online capital formation provider… Read More

July 5, 2023 @ 8:25 am By Omar Faridi  |  

Inpay, the international payments firm, has secured an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), “becoming the first Scandinavian fintech to combine EMI, PSP, and TPP.” The new license will enable the company “to issue electronic money, facilitate digital payments… Read More

July 5, 2023 @ 8:18 am By Omar Faridi  |  

In a report published on ‘The (Unmet) Potential of Open Banking’, Oxera identifies the key economic obstacles that are “holding back the wider adoption of Open Banking and the development of new innovative use cases that go beyond the regulatory mandate.” NatWest Group commissioned Oxera,… Read More

July 5, 2023 @ 8:06 am By Omar Faridi  |  

One of the UK’s cloud software platforms has added another string to its bow after striking a partnership with a financial software firm. Eureka Solutions has announced a partnership with iplicit, a cloud-based accounting software provider. The partnership will allow Eureka Solutions “to add iplicit… Read More

July 5, 2023 @ 1:27 am By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, recently announced the opening of its new headquarters in Singapore. The ceremony was officiated by Mr. Heng Swee Keat, Deputy Prime Minister of Singapore. The new facility, located strategically at Capital Tower in the… Read More

July 4, 2023 @ 6:07 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) stock surged significantly after the Cboe named the cryptocurrency exchange in its recent Bitcoin ETF application. Shares of Coinbase, the largest US-based digital asset exchange, surged 13% yesterday after the exchange operator Cboe stated that it would be working with Coinbase in order… Read More

July 4, 2023 @ 6:04 pm By Omar Faridi  |  

This week, it was widely reported that Singapore will soon require cryptocurrency exchanges to keep customer assets in a trust as part of efforts to ensure funds are safeguarded following the implosion of FTX in November. The city-state also plans to push ahead with a… Read More

July 4, 2023 @ 1:08 pm By JD Alois  |  

The ongoing battler between the Digital Currency Group (DCG) and Gemini has ratcheted up as Cameron Winklevoss has sent a demand letter to DCG and founder Barry Silbert. To take a step back, Gemini had utilized the services of DCG subsidiary Genesis for its yield… Read More

July 4, 2023 @ 12:30 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM) announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, “reinforcing its position as a sustainable financial hub and a natural hub for sustainable finance activities.” The framework encompasses rules “on… Read More

July 4, 2023 @ 12:28 pm By Omar Faridi  |  

Decentralization theatre: We’ve heard it time and time again in recent months as several projects have struggled to commit to the underlying ideological tenets of blockchain amid growing skepticism of the space. Others have fared relatively well, though — from the community-initiated vote for the… Read More

July 4, 2023 @ 12:25 pm By Omar Faridi  |  

ThinCats, which claims to be the leading alternative finance provider to mid-sized SMEs in the UK, has recently released its origination results for H1 2023, revealing that a “record” £191m has been lent to SMEs across the United Kingdom. The figure represents a sizable increase… Read More