June 28, 2023 @ 5:53 pm By Omar Faridi  |  

AI technology is rapidly evolving and its applications even faster. Ramp says they are dedicated “to pushing the frontiers of AI to help businesses save time and money,” using GPT to deliver price intelligence, expense management, and more. As stated by the company’s management, they… Read More

June 28, 2023 @ 5:38 pm By Omar Faridi  |  

Airbase, the software provider that helps companies procure, pay, and close their books with ease, and TravelPerk, the “fastest-growing” global travel management platform, announced an integration that will “enable businesses to seamlessly manage their travel expenditure with less effort.” This partnership “brings together TravelPerk’s vast… Read More

June 28, 2023 @ 3:23 pm By Omar Faridi  |  

Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses “to offer an array of flexible, customizable credit and loan products to their customers in a… Read More

June 28, 2023 @ 3:07 pm By JD Alois  |  

Earlier this month, draft legislation was introduced by Congress to work towards a regulatory structure for digital assets. Last week, the North American Securities Administrators Association (NASAA) sent a letter to two House committees telling Congress they did not support the proposed rules. While most… Read More

June 28, 2023 @ 2:45 pm By Omar Faridi  |  

Checkout.com, the global payments solution provider, launches Intelligent Acceptance, its latest product to help merchants optimise acceptance rates and grow revenues. Intelligent Acceptance is “an AI-powered optimization engine, trained on billions of transactional data points from Checkout.com‘s global network and insights from the business’ domain… Read More

June 28, 2023 @ 2:37 pm By Omar Faridi  |  

Sendwave, the remittance brand making sending money across borders easy and affordable, announces Sendwave Pay. Sendwave Pay is a banking product “available to select Sendwave customers based in the United States.” Sendwave Pay provides existing Sendwave users “access to a FDIC-insured bank account with an… Read More

June 28, 2023 @ 2:22 pm By Omar Faridi  |  

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

June 28, 2023 @ 12:59 pm By JD Alois  |  

Deloitte Switzerland has partnered with Polimec to provide reusable KYC or know your customer. These credentials will be using Polkadot, and the “banking grade” KYC credentials will be issued by Deloitte. The company explains that this information will be utilized to empower the global fundraising… Read More

June 28, 2023 @ 12:03 pm By JD Alois  |  

Michael Ackerman, from Alliance, Ohio, has been ordered to pay over $50 million for a bogus digital asset trading scam. The Commodity Futures Trading Commission (CFTC) has received a default judgment regarding Ackerman from the U.S. District Court for the Southern District of New York…. Read More

June 28, 2023 @ 11:56 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has announced separate lawsuits against crypto giants, Binance and Coinbase. A brokerage company now claims that it has a blueprint in order to bring crypto trading into the larger regulated market. As first reported by the WSJ, Prometheum’s… Read More

June 28, 2023 @ 11:07 am By JD Alois  |  

Fintech Nexus, once the must-attend global Fintech event of the year, is no more, according to a blog post on their website. Fintech Nexus has signed an agreement with Fintech Meeting to take over the events business. Launched years ago as LendIt, focusing first on… Read More

June 28, 2023 @ 10:25 am By Omar Faridi  |  

We recently spoke with Raffaele Sadun, CFO of C2FO, a US-based global Fintech platform that’s on a mission to provide every business with equitable, convenient access to working capital. As Sadun explains, working capital isn’t just nice to have — it’s essential for business growth… Read More

June 28, 2023 @ 9:37 am By Omar Faridi  |  

Stock trading app provider Robinhood (NASDAQ:HOOD) has reportedly laid off another 7% of its workforce, around 150 workers. This, according to a recent update from the WSJ. With trading volumes declining considerably over the past year, the Fintech company made the cuts in order to… Read More

June 28, 2023 @ 9:08 am By Omar Faridi  |  

Bankrupt crypto exchange FTX is reportedly moving forward with plans to attempt to bring back its international digital currency exchange, the WSJ reported on Wednesday (June 28, 2023). The news outlet also shared statements from CEO John Ray. The firm has now initiated the process… Read More

June 28, 2023 @ 9:00 am By JD Alois  |  

Digital asset firm Paxos has inked a deal to provide Mercado Pago with access to the stablecoin Pax Dollar (USDP). The Pax Dollar will now be available to Mercado Pago’s users in Mexico. Paxos shares that over 60 percent of its active wallets are currently… Read More

June 28, 2023 @ 8:43 am By Omar Faridi  |  

In May, Estateguru’s crowdfunding platform reportedly saw €8.2M worth of new loans. In May of this year, Estateguru’s crowdfunding platform reported steady activity. Their sales team is now “concentrating on the Baltics and Finland: in Estonia the volume was €4.0M, in Lithuania €1.4M, in Latvia… Read More

June 28, 2023 @ 8:41 am By Omar Faridi  |  

Fennech Financial, an innovator in the financial technology sector, is pleased to announce that it has successfully raised £2.3 million in its latest round of funding. The investment round was “led by Lloyds Banking Group, who contributed a substantial £2 million, alongside some high-profile individual… Read More

June 28, 2023 @ 8:36 am By Omar Faridi  |  

UK law may be able to accommodate crypto-assets by introducing a new category of personal property that may include digital assets, independent body the Law Commission stated on Wednesday (June 28, 2023). In a ne report that has been commissioned by the government, the Law… Read More

June 28, 2023 @ 8:32 am By JD Alois  |  

CGB Green Liberty Notes LLC, part of the Connecticut Green Bank, has announced its seventh Green Liberty offering. The security is issued under Reg CF and sold on the Raise Green platform. The offering allows individuals to participate for just $100 to support small businesses… Read More

June 28, 2023 @ 8:24 am By Omar Faridi  |  

With artificial intelligence (AI) being one of the most talked about technologies of 2023, consumers are gradually “growing their understanding of its role in the payments process.” Research among over 14,000 consumers commissioned by global payments platform Paysafe (NYSE: PSFE) highlights the extent of the… Read More