June 9, 2023 @ 8:57 am By Omar Faridi  |  

Binance.US revealed on Thursday (June 8, 2023) that it will be suspending US dollar deposits and that its banking partners are getting ready to suspend fiat US dollar withdrawal options as early as June 13, 2023. This update has come a few days after US… Read More

June 9, 2023 @ 8:55 am By Omar Faridi  |  

Insify, the end-to-end digital insurance platform designed for Europe’s entrepreneurs and SMEs, announced that it has raised €15 million in Series A financing. Global venture firm Accel “led the investment round and was joined by Visionaries Club as well as existing investors Frontline Ventures and… Read More

June 8, 2023 @ 11:41 pm By Omar Faridi  |  

Finsemble and Glue42 announce the two firms have merged, “bringing together the best in desktop interoperability technology and automated workflows.” The merger positions the new firm, interop.io, “as the industry leader in interoperability for capital markets and beyond.” interop.io brings together the technologies of both… Read More

June 8, 2023 @ 11:36 pm By Omar Faridi  |  

Griffin, the UK’s full-stack Banking as a Service platform, announced that it has raised $13.5 million (£11 million) in a Series A funding round “led by global VC firm, MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.” This investment round… Read More

June 8, 2023 @ 11:33 pm By Omar Faridi  |  

Veriff, a global identity verification provider, announced at Money 20/20 Europe its partnership with Inverid, the first Near Field Communication (NFC)-based mobile identity verification technology, in order “to bolster the company’s existing identity verification offerings.” Inverid’s ReadID’s identity verification solution “verifies identities through government-issued identity… Read More

June 8, 2023 @ 11:32 pm By Omar Faridi  |  

C6 Bank announces that its new carbon footprint product which launched last month running on Thought Machine’s cloud-native core banking technology, Vault Core, has offset more than 900 tonnes of carbon. ‍The carbon footprint offering, “built at record speed in under six months, makes C6… Read More

June 8, 2023 @ 11:30 pm By Omar Faridi  |  

Sift, a firm focused on Digital Trust & Safety, announced a significant expansion of its worldwide partner program. The Sift Partner Program “extends Sift’s fraud prevention platform to a network of businesses worldwide, and across key industry verticals.” The expanded program “supports business models and… Read More

June 8, 2023 @ 5:30 pm By Omar Faridi  |  

BNY Mellon’s Pershing X, a technology provider within BNY Mellon | Pershing (NYSE: BK), debuted Wove, a wealth management platform that integrates the technology tools advisors use into a single, data-driven platform. Pershing X President Ainslie Simmonds, said: “When building Wove, we went beyond just… Read More

June 8, 2023 @ 5:20 pm By Omar Faridi  |  

AP+ reportedly says that it welcomes the Australian Federal Government’s Strategic Plan for Payments System. Australian Payments Plus (AP+) confirms that it “supports the Government’s Strategic Plan for the Australian Payments System.” According to an update shared with CI, the plan is critical “for driving… Read More

June 8, 2023 @ 5:04 pm By JD Alois  |  

BitGo has signed a term sheet to acquire the equity of Prime Core Technologies, the parent company of Prime Trust. Both companies provide services such as custody to digital asset firms. Earlier today, rumors filtered out about a deal with BitGo being in the works… Read More

June 8, 2023 @ 4:51 pm By JD Alois  |  

Last week, Chase (NYSE:JPM) experienced a significant problem as some online banking accounts saw Zelle transfers apparently sent out twice. For some smaller accounts, this led to overdrafts and a negative balance – something most consumers and businesses wants to avoid. After several hours of… Read More

June 8, 2023 @ 4:33 pm By JD Alois  |  

According to multiple rumors and reports, Prime Trust, a top infrastructure provider in the crypto sector, could be on the brink of failure or acquisition. A recent Tweet claims to have knowledge that Prime Trust is close to insolvency. So this is in regards to… Read More

June 8, 2023 @ 4:04 pm By Omar Faridi  |  

To transform multi-country payroll with the HCM industry’s most adaptable, intelligent experience for multinational businesses, UKG Inc., a provider of HR, payroll, and workforce management solutions for all people, has reached an agreement to acquire Immedis, a global payroll provider with technology and services supporting… Read More

June 8, 2023 @ 12:57 pm By JD Alois  |  

It has been widely reported that a big real estate investment firm has walked away from two hotels in San Francisco. One hotel, the Hilton, was the largest in the city, with almost 2000 rooms. The other hotel, Parc 55, is home to over 1000… Read More

June 8, 2023 @ 11:46 am By JD Alois  |  

As was previously covered, the UK Financial Conduct Authority (FCA) has proposed new marketing rules for crypto offerings. The rules aim to largely align with current financial product requirements while also incorporating a “cooling off period.” In brief, digital asset investors must acknowledge they can… Read More

June 8, 2023 @ 11:35 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More

June 8, 2023 @ 11:29 am By JD Alois  |  

Affirm (NASDAQ: AFRM) has received a significant boost as Amazon (NASDAQ:AMZN) one of the largest retailers in the world, has added this buy now pay later (BNPL) option to purchasers on the Amazon platform. Shareds in Affirm jumped following the news. Omar Soudodi, director of… Read More

June 8, 2023 @ 10:16 am By Omar Faridi  |  

Lucinity, a “pioneering” AI SaaS company specializing in financial crime prevention, introduced Luci. This product is “a copilot powered by advanced generative AI, designed to significantly enhance the productivity of teams working to prevent financial crimes.” By rendering complex data into understandable insights in real-time,… Read More

June 8, 2023 @ 9:50 am By JD Alois  |  

Senator Cynthia Lummis, one of the most crypto-supportive members of the US Senate, has issued a statement regarding the Securities and Exchange Commission’s (SEC) decision to file an enforcement action against Coinbase (NASDAQ:COIN) – a company the SEC approved to go public. Lummis said the… Read More

June 8, 2023 @ 9:09 am By JD Alois  |  

SeedBlink, a European securities crowdfunding provider, has expanded into the DACH countries – Germany, Austria, and Switzerland. SeedBlinke, based in Bucharest, has been announcing operations across different EU countries in recent months. SeedBlink pitches its services as a “co-investment platform,” allowing VC money to pair… Read More