May 21, 2023 @ 1:25 pm By JD Alois  |  

US household debt increased during the first quarter of 2023, hitting $17.05 trillion – the highest amount on record, according to a recent report by the New York Federal Reserve. Mortgage balances increased by $121 billion during the first quarter of 2023 and stood at… Read More

May 21, 2023 @ 1:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN) launched a fully-Integrated front-to-back, mortgages solution with a smart decision engine powered by Explainable AI, “helping lenders to deliver a personalized digital mortgage experience while reducing their costs and time to close.” The solution “enhances productivity and reduces delinquencies for the lenders… Read More

May 21, 2023 @ 12:05 pm By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of trading, portfolio, and risk management solutions for sophisticated investors and their teams, announces two key sales hires in North America to support the firm’s growth. James Muench joined “as Sales Director, where he will contribute to the development… Read More

May 21, 2023 @ 12:00 pm By Omar Faridi  |  

GoCardless, a global firm focused on direct bank payments, has partnered with Bluefort, an independent software vendor and Microsoft solutions partner, in order “to offer a simple way for businesses to manage their billing, payments and accounting directly within Dynamics 365.” The newly launched GoCardless… Read More

May 21, 2023 @ 10:47 am By Omar Faridi  |  

Chainlink, the industry-standard Web3 services platform, and Arbitrum, the Layer 2 scaling solution suite for Ethereum dApp development, have announced the launch of Chainlink VRF (Verifiable Random Function) on Arbitrum One. Chainlink VRF is described as “the industry’s most widely adopted random number generator (RNG),… Read More

May 21, 2023 @ 10:28 am By Omar Faridi  |  

With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, Ripple is announcing the Ripple CBDC Platform, which is described as… Read More

May 21, 2023 @ 9:20 am By Omar Faridi  |  

Over twenty blockchain teams and venture funds have teamed up to launch a $50 million Cross-Chain Ecosystem Fund “focused on backing and growing new startups that leverage the Wormhole cross-chain messaging protocol.” The Cross-Chain Ecosystem Fund is “being managed and operated by Borderless Capital, a… Read More

May 21, 2023 @ 9:19 am By Omar Faridi  |  

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced a collaboration with KriptonMarket, an on/off ramp solution, in order “to give users in Argentina access to stablecoins at the Central Market of Buenos Aires, one of… Read More

May 21, 2023 @ 9:18 am By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals that pension savers put significantly more money “aside for their retirement at the start of 2023 than they did in the latter part of 2022, despite persistent levels of high inflation.” The average quarterly contribution amount “for female… Read More

May 21, 2023 @ 6:31 am By Omar Faridi  |  

Amount, a fintech powering banking technology for consumer and small business account opening, loan origination and financing, announces the appointments of Kevin Trilli as Chief Product Officer and Raj Kolluri as Chief Technology Officer. Kevin Trilli, who “brings over 27 years of industry expertise, joins… Read More

May 20, 2023 @ 12:59 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced select operating results through the first quarter ended March 31, 2023. Kin finished the first quarter of 2023 “with $83.2 million in gross written premium, which was positively impacted by $33.5 million… Read More

May 20, 2023 @ 12:54 pm By Omar Faridi  |  

Cogo – the carbon footprint management company that works with banks to help customers measure, understand and reduce their carbon footprint – and NayaOne – the Global Digital Transformation Platform for financial services firms – are announcing “the launch of a new partnership which will… Read More

May 20, 2023 @ 12:48 pm By Omar Faridi  |  

Paymob, the financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), announces that it has secured Saudi Arabia’s Payment Technical Services Provider (PTSP) certification, making it fully operational in the Kingdom. The PTSP certification, “issued by Saudi Payments is a significant operational… Read More

May 20, 2023 @ 10:38 am By Omar Faridi  |  

Ramp, the finance automation platform helping 15,000+ businesses find time and money savings across transactions, bill payments, and accounting, announced Ramp Intelligence: a suite of tools in financial services, driven by AI, designed to solve customer problems. The launch “represents the most significant evolution of… Read More

May 20, 2023 @ 10:36 am By Omar Faridi  |  

The Hedera Governing Council, which stewards the Hedera open source, leaderless proof-of-stake public network, announced that COFRA Holding has joined the Governing Council. COFRA is “a 182-year-old family enterprise with more than 60,000 employees and business activities in sectors including real estate investment, sustainable food,… Read More

May 20, 2023 @ 10:34 am By Omar Faridi  |  

MerQube UK Limited, a key player focused on the development of technology for indexing and rules-based investing, announces that it has been authorized by the UK’s Financial Conduct Authority (FCA) “to carry on the regulated activity of administering benchmarks under Article 34 of the Regulation… Read More

May 20, 2023 @ 7:30 am By Omar Faridi  |  

Delta Capita, the Financial Services division of Prytek, a global Capital Markets consulting, managed services and technology provider has welcomed Julian Chesser as its new Regional Head of APAC who will be based in Singapore. In this role, Julian will be “responsible for leading all… Read More

May 19, 2023 @ 5:46 pm By JD Alois  |  

T. Raja Kumar of Singapore is the current president of the FATF, and yesterday he issued a call to the G7 to end the “lawless crypto space.” The Financial Action Task Force is a global group that aims to halt money laundering, terrorist financing and… Read More

May 19, 2023 @ 5:26 pm By Omar Faridi  |  

axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa (NYSE: V). axis has obtained the license from the Central Bank of Egypt (CBE) “for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their… Read More

May 19, 2023 @ 3:22 pm By JD Alois  |  

Announced last month,  Boustead Securities, a broker-dealer, now allows US-based investors to trade dual-listed securities on Upstream – part of MERJ Exchange. Upstream is a market providing liquidity for digital securities and is actively seeking firms interested in dual listings – IE companies trading on… Read More