April 25, 2023 @ 10:13 pm By Omar Faridi  |  

Backbase has reportedly been certified as carbon neutral according to The CarbonNeutral Protocol, the global framework for carbon neutrality. Working with Climate Impact Partners, specialists in carbon market solutions for climate action, Backbase claims it “has offset its independently verified 2022 carbon emissions of 7,029… Read More

April 25, 2023 @ 10:07 pm By Omar Faridi  |  

A new study from Juniper Research, who claim to be experts in payments, found that carrier billing spend “will reach $122 billion globally by 2027, rising from $70 billion in 2023.” This reported “growth of 74% over the next four years will be driven by… Read More

April 25, 2023 @ 8:22 pm By Omar Faridi  |  

Bolton Global Capital, an independent wealth management firm, and iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced a partnership “to provide Bolton’s extensive network of financial advisors with a range of private market offerings and resources.” Bolton… Read More

April 25, 2023 @ 8:19 pm By Omar Faridi  |  

Maybank & Maybank Islamic have launched the You Save & Pledge, We Donate #ForYou campaign, which is described as “a unique, first-of-its-kind savings campaign that offers customers both the opportunity to win cash prizes as well as a chance to donate to charitable organizations.” This… Read More

April 25, 2023 @ 5:09 pm By JD Alois  |  

Digital bank / Fintech Klarna aims to make its platform a global shopping destination for 150 million consumers. Klarna hopes to enable its 500,000 retailers to benefit from its new personalized shopping feed powered by artificial intelligence (AI). The Klarna app’s discovery shopping feed, powered… Read More

April 25, 2023 @ 4:51 pm By JD Alois  |  

Global transfers and payments Fintech Wise (LSE:WISE) has announced an interest-generating option for cash held in a Wise account. The feature is available for US customers and follows a similar option made available for UK customers. Wise states that both business and personal customers in… Read More

April 25, 2023 @ 4:19 pm By JD Alois  |  

Biz2Credit and affiliate Biz2X have been recognized by the Financial Times as one of America’s fastest-growing companies, according to a note from the fimr. Biz2Credit and Biz2X were ranked 69th on the fourth annual FT Americas’ Fastest-Growing Companies list of 500 firms that had the… Read More

April 25, 2023 @ 3:30 pm By Omar Faridi  |  

Melio, a B2B payments platform for small businesses, announced a partnership with Shopify to power Shopify Bill Pay, an accounts payable solution that will transform how Shopify merchants pay and manage their business bills. Through Shopify Bill Pay, merchants will now “have the ability to… Read More

April 25, 2023 @ 3:27 pm By Omar Faridi  |  

Aegis Trust, which claims to be one of the select few digital asset qualified custodians in the U.S. offering client-centric technology infrastructure and regulatory-compliant solutions, announced that Anthony Botticella has been “appointed as the new President of the company, as well as its global custodian… Read More

April 25, 2023 @ 12:56 pm By Omar Faridi  |  

Streetbeat is an investment platform designed “to make the stock and ETF trading process accessible for retail investors.” As a registered investment advisor registered with SEC, it reportedly “leverages algorithmic data-driven strategies to help users mitigate investing challenges and unlock new opportunities.” Their vision is… Read More

April 25, 2023 @ 11:43 am By JD Alois  |  

Expanding Access to Capital Act of 2023 is JOBS Act Improvement Legislation Last week during a hearing of the House Subcommittee on Capital Formation, a discussion focused on improving access to capital for early-stage firms as well as boosting retail investment options. Entitled A Roadmap… Read More

April 25, 2023 @ 9:58 am By Omar Faridi  |  

Investment platform Lightyear announces the launch of its web application. The requested feature will “enable customers to manage their portfolios, buy/sell shares and research 3,000+ instruments available on Lightyear.” As noted in the update shared with CI, the importance of offering “a web platform has… Read More

April 25, 2023 @ 9:46 am By JD Alois  |  

Yesterday, Coinbase (NASDAQ:COIN) announced that it had filed a “limited action” against the Securities and Exchange Commission (SEC) as it has ignored its petition for clearly defined digital asset rules. The SEC is statutorily required to respond to a petition within a reasonable amount of time. It… Read More

April 25, 2023 @ 8:46 am By Omar Faridi  |  

Investment bank Schroders recently revealed that it has slashed the valuation of its shareholding in digital bank Revolut by nearly half after the Fintech company had been criticized for trying to downplay potentially serious red flags from auditors BDO regarding its revenue statement. As noted… Read More

April 25, 2023 @ 8:42 am By Omar Faridi  |  

Quantum engineering company Riverlane announced it has raised £15 million in a Series B funding. The investment round was “led by Molten Ventures and included participation from simulation, high-performance computing (HPC), and artificial intelligence leader Altair and returning investors Cambridge Innovation Capital (CIC), Amadeus Capital… Read More

April 25, 2023 @ 8:38 am By Omar Faridi  |  

CoinShares (Nasdaq Stockholm: CS), an alternative asset manager specializing in digital assets, has announced “the implementation of LedgerLens, a real-time reserves attestation solution provided by independent accounting firm, The Network Firm.” This blockchain-enabled solution “will offer real-time attestation services for CoinShares’ Exchange Traded Products (ETPs), including… Read More

April 25, 2023 @ 8:35 am By Omar Faridi  |  

DivideBuy has released the results of a new consumer insights survey, “showing that 38% of UK consumers will make more use of interest free credit options to manage their finances in the next 12 months.” The Fintech is “Lendtech point of sale (POS) finance firm.”… Read More

April 25, 2023 @ 6:27 am By Omar Faridi  |  

Key Management Group (KMG), a provider of niche IT professional services, announced its strategic alliance with Socotra, provider of the insurance industry’s most connected core platform, providing speed, flexibility, and choice. The alliance aims “to help insurance companies innovate and adapt to the rapidly changing… Read More

April 25, 2023 @ 3:00 am By JD Alois  |  

42Markets Group, a Fintech investment group, has raised $10 million in funding from Convergence Partners, a private equity investor dedicated to the technology sector across sub-Saharan Africa, according to a company statement. The funding is expected to boost the development of the following portfolio companies:… Read More

April 24, 2023 @ 10:45 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) is going on the offensive with the Securities and Exchange Commission (SEC) and its insistence that all digital assets are securities and thus regulated the same. In a blog post, Paul Grewal, the Chief Legal Officer of Coinbase, explained the company had filed… Read More