June 7, 2023 @ 3:56 pm By Omar Faridi  |  

PayQuicker, an innovative financial technology leader in the global payouts market, is strengthening its payouts orchestration platform, Payouts OS, “by announcing the following new partners: Qolo, Fortress, and Citcon.” Qolo was selected as “an issuing-processing partner for Payouts OS, to issue a more advanced suite… Read More

June 7, 2023 @ 12:01 pm By Omar Faridi  |  

Pepper Advantage, a global credit intelligence company, has obtained an AFPI fintech license to service the growing number of non-bank credit providers operating in Indonesia. With 112 fintech companies providing secured and unsecured credit products, non-bank lenders are “a significant factor in providing digital financial… Read More

June 7, 2023 @ 11:36 am By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, has increased its founder bounty to $10,000. According to a recent email, if you know a founder that wants to raise growth capital – all you have to do is submit their contact information,… Read More

June 7, 2023 @ 11:19 am By JD Alois  |  

S&P Global Market Intelligence has distributed a brief on traditional banks, providing a list of banks by assets as well as deposits. According to the report, a majority of the largest US banks posted increases in assets in the first quarter as failures and exited… Read More

June 7, 2023 @ 11:09 am By JD Alois  |  

CrowdProperty is backing the £16 million development of a former Hallmark Card manufacturing facility that will be transformed into 137 apartments. According to the investment platform, CrowdProperty has agreed to a total development finance facility of £9,250,000 over an 18-month term. The developer is said… Read More

June 7, 2023 @ 9:35 am By Barry James  |  

Reservations, Threats & Benefits In a recent conversation with Danny Kruger, a member of the Treasury Select Committee, we delved into the Bank of England’s Digital Pound Project and the broader implications of Central Bank Digital Currencies (CBDCs). This discussion is particularly timely, given that… Read More

June 7, 2023 @ 9:20 am By JD Alois  |  

The House Subcommittee on National Security, Illicit Finance, and International Financial Institutions, part of the Financial Services Committee, is holding a hearing today on the dominance of the dollar around the world as a reserve currency. The hearing is entitled Dollar Dominance: Preserving the U.S…. Read More

June 7, 2023 @ 9:15 am By Omar Faridi  |  

iiPay, a provider of cloud-based global payroll software solutions, announced the release of the innovative ContractorPay, a new solution designed to support the rapidly growing gig economy. This new offering “will empower multi-national corporations to effortlessly manage payments to their contractors across the globe, alleviating… Read More

June 7, 2023 @ 9:00 am By Omar Faridi  |  

  Meanwhile, the first and only life insurer entirely denominated in a cryptocurrency has announced ~$19 million in financing across two seed rounds, the first co-led by Sam Altman, CEO of OpenAI, and Lachy Groom, previous head of Stripe issuing, and with Gradient Ventures (Google)… Read More

June 7, 2023 @ 8:56 am By Omar Faridi  |  

The Joint Regulatory Oversight Committee (JROC) has recently set out an ambitious program of work “to take forward recommendations for the next phase of open banking in the UK.” This involves “setting up dedicated workstreams to action the six key themes and priorities outlined in… Read More

June 7, 2023 @ 8:52 am By Omar Faridi  |  

Sella is launching the “Artificial Intelligence Business Incubator”, which is described as the the initiative aimed at startups, researchers, entrepreneurial teams, university spin-offs and companies “with projects based on AI technologies in the financial services sector.” “Artificial Intelligence Business Incubator” is currently underway, the international… Read More

June 7, 2023 @ 7:13 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest market research survey, Compliance and Controls: The State of the Industry, in conjunction with the University of Georgia Consumer Analytics program. With only 26% of participants… Read More

June 7, 2023 @ 5:11 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) has reportedly appointed Theo Michalopoulos as General Manager, Financial Services for the United Kingdom. In his role, Theo will be responsible for leading “the Financial Services industry for the UK across banking, capital markets and insurance.” Theo will be joining the Microsoft… Read More

June 6, 2023 @ 11:11 pm By Omar Faridi  |  

Global cross-border payment infrastructure company Thunes and Rawbank, the bank in the Democratic Republic of Congo (DRC), announced a partnership “to facilitate cross-border transaction flows between the DRC and the rest of the world through illicocash.” By partnering with Thunes, Rawbank now “becomes the first… Read More

June 6, 2023 @ 9:51 pm By Omar Faridi  |  

AntChain announced a new collaboration with Intel to launch AntChain Massive Data Privacy-Preserving Computing Platform (MAPPIC), a new privacy-preserving computing (PPC) platform that brings a data privacy protection solution for large-scale AI machine learning. As a Software-as-a-Service (SaaS) platform, MAPPIC is based “on the Trusted… Read More

June 6, 2023 @ 9:50 pm By JD Alois  |  

Last week, CI reported that the US House of Representatives passed several bills that aim to improve access to capital and to level the playing field for retail investors – including an update to the definition of an accredited investor. This week, the House has… Read More

June 6, 2023 @ 9:28 pm By JD Alois  |  

Following the hearing today on digital assets held by the House Committee on Agriculture, the House Financial Services Committee has scheduled its own hearing on digital assets. The Ag Committee oversees commodities and the Commodity Futures Trading Commission (CFTC), the main regulator of Bitcoin. Some… Read More

June 6, 2023 @ 9:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an emergency action seeking a temporary restraining order to freeze the assets of Binance while requiring defendants to repatriate assets held for the benefit of customers of Binance.US. The SEC says the action is designed to protect… Read More

June 6, 2023 @ 8:52 pm By Omar Faridi  |  

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More

June 6, 2023 @ 8:43 pm By Omar Faridi  |  

Redseer Strategy Consultants released a report titled ‘Future of Online Payments’ in collaboration with Plural by Pine Labs. The report “highlights growth projections for the forecast period FY23-26 and shares insights on segments like UPI, Bharat Bill Payment System (BBPS), Embedded Finance, and e-commerce.” As… Read More