June 23, 2023 @ 3:56 pm By Omar Faridi  |  

Energy Web, the world’s “largest” ecosystem of companies using open source, decentralized technologies to accelerate the energy transition, is coming to Polkadot, the next-generation blockchain network powering the movement for a better web. The move will allow Energy Web “to create the framework for a… Read More

June 23, 2023 @ 2:50 pm By Omar Faridi  |  

Fintech firm Plaid introduces Plaid Beacon, the anti-fraud network for fintechs and financial institutions. Beacon is designed “to stop the chain reaction of fraud that occurs when identities are stolen and accounts are compromised.” Through a set of APIs, Beacon reportedly “enables real-time, secure information… Read More

June 23, 2023 @ 1:49 pm By Omar Faridi  |  

UK Fintech Modulr has reportedly expanded its embedded payments product offerings to France and Spain. With this recent expansion move as well as a layer of localization, French and Spanish companies are able to leverage Modulr’s embedded payments solutions to enhance their market competitiveness within… Read More

June 23, 2023 @ 12:21 pm By Omar Faridi  |  

Provenir, which claims to be a global leader in data and AI-powered risk decisioning software, announced the appointment of Carol Hamilton as its Chief Product Officer. Based in Provenir’s London office, Hamilton will be “responsible for shaping the company’s global product strategy, overseeing product development… Read More

June 23, 2023 @ 11:35 am By Omar Faridi  |  

Tuum joins forces with Marqeta in order “to deliver a pre-integrated fintech solution, accelerating modern digital payment programs.” As noted in a blog post, Tuum recently announced their partnership “to offer a pre-integrated fintech solution, accelerating time to market for Tuum’s customers by working with… Read More

June 23, 2023 @ 11:24 am By Omar Faridi  |  

Monero’s encryption tech, which makes use of signatures from several different users to conceal who has carried out a monetary transfer, has reportedly not been hacked by any nation (at least it has not been widely reported). As reported by Fast Company, analysts with the… Read More

June 23, 2023 @ 11:06 am By Omar Faridi  |  

Xapo Bank, a “fully licensed” private bank that combines traditional banking with the utility of Bitcoin and stablecoins, announced that it will begin accepting members across South Asia, including India, “making its full suite of hybrid banking services and the financial opportunities they present accessible… Read More

June 23, 2023 @ 10:41 am By Omar Faridi  |  

PayEm, a global procurement and spend management company, recently announced a new integration with American Express (NYSE: AXP). The integration allows American Express Corporate and Business Card Members “the ability to create and distribute on-demand virtual Cards to employees, freelancers, candidates, or other authorized users for… Read More

June 23, 2023 @ 9:37 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program has been “renewed in good time and on good terms.” The Lemonade program is “led by the same tier-one carriers as the expiring and was oversubscribed on… Read More

June 23, 2023 @ 9:31 am By Omar Faridi  |  

CACEIS, the asset servicing unit that’s owned by Credit Agricole (ACA.PA) and Santander (NYSE: SAN), has reportedly registered with France’s markets regulator AMF in order to offer digital asset custody services (including cryptocurrencies). The firm has registered as a digital asset service provider (DASP) on… Read More

June 23, 2023 @ 9:22 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) has entered into an agreement to acquire San Francisco-based X1 Inc., a platform that “offers a no-fee credit card with rewards on each purchase.” According to Robinhood, this marks “an important step in their journey towards broadening their product offerings and… Read More

June 23, 2023 @ 8:54 am By JD Alois  |  

The news cycle is consumed with the debate about artificial intelligence (AI) and how it is going to transform the world. AI, machine learning has been integrated into various Fintech platforms for years now but the rise of ChatGPT has drawn more interest and scrutiny…. Read More

June 23, 2023 @ 8:34 am By Omar Faridi  |  

Uppsala Security, a global cybersecurity pioneer headquartered in Singapore, announced the relaunch of ChainKeeper, their security platform, which now includes a brand new SaaS model. With this update, the company further “cements its commitment to providing robust, comprehensive, and user-friendly cybersecurity tools for the ever-evolving… Read More

June 23, 2023 @ 7:20 am By Omar Faridi  |  

Currently, cross-border payments are a “hassle” for many small and mid-sized enterprises with international business partners, the team at German software firm SAP notes in a blog post. The team at @SAP is now testing cross-border payments for their customers with $USDC.https://t.co/QrMHHATsUb pic.twitter.com/mTHWbJde3a — Peter… Read More

June 23, 2023 @ 7:16 am By Omar Faridi  |  

Funding Circle (LSE: FCH),which claims to be the UK’s largest small business lending platform, and Waterfall Asset Management (WAM), a multi-national institutional asset manager, announce “the closing of a £240m securitization backed by SME loans.” The loans, “financed by funds managed by WAM, and originated… Read More

June 22, 2023 @ 10:36 pm By Omar Faridi  |  

Jordan Ahli Bank announces the launch of Qawn, Jordan’s “first-of-its-kind” social payment app, revolutionizing the way users send and receive money through built-in chat capabilities. Now available for download “on Android and iPhone devices, Qawn caters to both individual users and merchants, offering a wide… Read More

June 22, 2023 @ 6:42 pm By JD Alois  |  

Another Pig Butchering scam is in the news again. “Sha Zhu Pan” or “Pig Butchering” is a romance plot designed to fleece the funds of the unsuspecting. In this case, the Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Cunwen Zhu and… Read More

June 22, 2023 @ 6:21 pm By Omar Faridi  |  

The financial software solutions provider, Aryza Group has announced their partnership with payments specialists Acquired.com to “deliver a sophisticated range of data driven collection and disbursement options for their lending division with plans to extend this into other parts of the group including debt recovery… Read More

June 22, 2023 @ 3:55 pm By Omar Faridi  |  

LHV Bank, a banking services provider to Fintech companies, has been selected by Montonio, a “rapidly growing” e-commerce checkout solution provider, to enhance its merchant services. LHV Bank’s robust API-driven infrastructure “will serve as the backbone for Montonio’s enhanced customer experience.” With LHV Bank’s suite… Read More

June 22, 2023 @ 3:31 pm By JD Alois  |  

Detractors of digital assets, or crypto, typically point to the utilization of crypto to pursue nefarious activities such as money laundering. Rules exist for financial transactions regarding “know your customer” (KYC) and “anti-money laundering” (AML), but they are enforced to various degrees depending on the… Read More