May 9, 2023 @ 10:05 pm By Omar Faridi  |  

PolicyStreet, an emerging regional insurtech company, has recorded exponential growth in FY22, with its topline growing by five times compared to the previous financial year (FY21) and attaining sum insured of more than USD 6 billion. Despite the challenging business environment in FY22, PolicyStreet claims… Read More

May 9, 2023 @ 9:56 pm By Omar Faridi  |  

Uppsala Security, a provider of award-winning security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance and Transaction Tracking has announced a partnership with CODE, a South Korean-based virtual asset service provider (VASP) compliance solution. As part of this partnership, CODE has “launched… Read More

May 9, 2023 @ 9:45 pm By Omar Faridi  |  

The Bank of Canada is launching an online public consultation on “the features that could be included in a digital Canadian dollar.” The consultation opened on May 8, 2023 and runs until June 19. The way Canadians pay for everything from the daily necessities “to… Read More

May 9, 2023 @ 9:44 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, today unveiled Stripe Reader S700 to help businesses bring their online and in-person payments experiences closer together than ever before. The new, Android-based smart reader is “part of Stripe Terminal, a set of developer interfaces, pre-certified card readers,… Read More

May 9, 2023 @ 5:42 pm By Omar Faridi  |  

Velocity Global, which claims tobe the world’s “expert” on work, announced the appointment of Linda Lee as Chief People and Culture Officer. In her role, Linda will aim to “build a best-in-class people strategy, overseeing culture-related initiatives as well as talent development and employee recruitment… Read More

May 9, 2023 @ 5:08 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced its official launch in Israel to fuel future expansion across the region, including the appointment of Or Liban as Airwallex’s Head of Israel and the Middle East. This expansion comes at “a pivotal moment… Read More

May 9, 2023 @ 5:06 pm By JD Alois  |  

Upstart (NASDAQ:UPST), an online lending marketplace that leverages artificial intelligence (AI) has posted Q1 2023 earnings that have topped analyst expectations driving shares higher in after-hours trading. Dave Girouard, co-founder and CEO of Upstart, issued a statement sharing he was pleased with Q1 performance: “Despite… Read More

May 9, 2023 @ 4:50 pm By Omar Faridi  |  

QistBazaar, a Pakistan-based Buy Now Pay Later (BNPL) Fintech, announces an equity and Shariah-Compliant embedded finance partnership with Bank Alfalah – one of Pakistan’s largest commercial banks. The partnership is “worth PKR 500 million (US$1.7m) , and includes Bank Alfalah taking a 7.2% equity stake… Read More

May 9, 2023 @ 4:39 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) and global payments platform Tazapay announced a global partnership to deliver best in class payments and commerce enabling experiences as part of the Bank’s broader initiative to provide curated financial services on B2B platforms. This builds on the memorandum of understanding… Read More

May 9, 2023 @ 12:28 pm By Omar Faridi  |  

Finastra has announced that Banco Sofisa, a nationally ranked São Paulo, Brazil-based financial institution known for its Sofisa Direto digital bank, has partnered with Finastra “to implement Vector Risk, a market and credit risk solution.” Delivered via Finastra’s FusionFabric.cloud and hosted on Microsoft Azure, Vector… Read More

May 9, 2023 @ 12:26 pm By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, today announced the launch of new Customer Success Packages, providing modern centralized success service offerings with tiered subscription models for flexible, ongoing customer success with OneSpan solutions. OneSpan Customer Success Packages combine the “traditional” value-added services of… Read More

May 9, 2023 @ 11:11 am By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions, announced it has added new use cases – including fraud prevention – and new deployment models for its Video Banking technology, “enabling community banks and credit unions (CFIs) to offer branch-like experiences to their customers and… Read More

May 9, 2023 @ 10:28 am By JD Alois  |  

It seems regulators took their time in reviewing and approving, StartEngine’s acquisition of SeedInvest.  The deal between the two OG online investment platforms was announced in 2022 as StartEngine paid $24 in shares to purchase the full-stack securities crowdfunding platform. SeedInvest had previously been acquired… Read More

May 9, 2023 @ 10:10 am By JD Alois  |  

The Bitcoin network has endured rising congestion due to several reasons, including a new NFT-like minting protocol. Binance struggled in recent days to process BTC transactions so much that it had to pause these transfers – a surprising move by the world’s largest crypto exchange… Read More

May 9, 2023 @ 9:18 am By JD Alois  |  

Tomorrow, the House Subcommittee on Financial Institutions and Monetary Policy will hold a hearing on the Federal Responses to Recent Bank Failures. The witnesses scheduled to testify include: Margaret E. Tahyar, Partner, Davis Polk & Wardwell LLP Jonathan Gould, Partner, Jones Day Thomas Michaud, President… Read More

May 9, 2023 @ 8:40 am By Omar Faridi  |  

Bittrex, Inc. released the following statement today regarding Bittrex U.S.’ decision to file Chapter 11 bankruptcy: “Having previously announced that Bittrex, Inc. would be ceasing all operations in the U.S. effective April 30th, we have now made the decision to file Chapter 11 bankruptcy in… Read More

May 9, 2023 @ 8:23 am By Omar Faridi  |  

Paysend, the global card-to-card payments platform, has announced a new multi-year partnership with the Spanish-language content and media company, TelevisaUnivision. As part of the partnership, TelevisaUnivision will “become a shareholder in Paysend and will help the brand scale its presence with U.S. Hispanics and Latinos… Read More

May 9, 2023 @ 7:55 am By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the promotion of Rachel Jrade-Rice to General Counsel. Jrade-Rice joined NEXT Insurance in 2020 “as Insurance Regulatory Counsel and was quickly promoted to Head of Regulatory Affairs and then again to Associate General… Read More

May 9, 2023 @ 7:53 am By Omar Faridi  |  

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced the official launch date of Spark Protocol, a MakerDAO-centric decentralized application. Starting from May 9th, Spark Protocol will “serve as the underlying infrastructure for Spark… Read More

May 8, 2023 @ 11:39 pm By JD Alois  |  

ViewTrade, a FINRA-regulated broker-dealer, has been selected by ONE ZERO, a digital bank, to provide securities trading. ONE ZER, based in Israel, is leveraging ViewTrade’s API and FIX connection to power trading on its platform. Account holders in Israel may now access US markets trading… Read More