April 21, 2023 @ 11:36 am By JD Alois  |  

The North American Securities Administrators Association (NASAA) has posted its annual list of top threats for retail investors. In the past, innovations like securities crowdfunding joined the group. The 2023 list leads with digital assets at the top of the list as regulators point to… Read More

April 21, 2023 @ 11:19 am By Omar Faridi  |  

Insurtech firm Qover is pleased to announce the appointment of its first Chief Customer Officer (CCO) Ed Ackerman. The CCO will be “responsible for developing and implementing customer-centric strategies that enhance the overall customer experience.” As a growth- and customer-focused professional, Ed Ackerman has “been… Read More

April 21, 2023 @ 11:07 am By Omar Faridi  |  

FT Partners Research publishes their Q1 2023 FinTech Insights report, providing a comprehensive review of global Fintech deal activity “with analysis across private company financings, IPOs, and M&A transactions.” While still feeling the prolonged impact from high inflation and rising interest rates, turbulence in the… Read More

April 21, 2023 @ 10:15 am By JD Alois  |  

Gretel, part of IntelliTeq Limited, is a Fintech startup that aims to help people uncover lost savings and investments, with around 2o million people in the UK having unclaimed funds that are estimated at £50 billion. The company reports that in just a few months, its… Read More

April 21, 2023 @ 9:29 am By JD Alois  |  

The state of Texas has introduced new legislation targeting digital asset providers. The bill relates to the “comingling of funds” by crypto platforms. As one would anticipate, the language of the bill requires digital asset platforms not to mix customer funds with those belonging to… Read More

April 21, 2023 @ 9:10 am By JD Alois  |  

Connecticut Green Bank has listed its 6th offering for Green Liberty Notes sold under the Reg CF exemption. Bank subsidiary CGB Green Liberty Notes LLC offers the securities to support small business energy efficiency upgrades. The Green Liberty Notes may be purchased online with a… Read More

April 21, 2023 @ 8:26 am By Omar Faridi  |  

Modyo, with their composable frontend platform, has announced a strategic partnership with Jumio, the online identity verification and authentication platform. This is a key move for Modyo’s ecosystem of solutions. Jumio is described as being “a valuable partner in creating incredible technology that is helping… Read More

April 21, 2023 @ 8:23 am By Omar Faridi  |  

Societe Generale–FORGE (SG-FORGE), a “fully” integrated and regulated subsidiary of Societe Generale group dedicated to digital assets, launches the EUR CoinVertible, a digital asset that purports to maintain a stable value (stablecoin). EUR CoinVertible is “deployed in Euro denomination on the Ethereum public blockchain (ticker… Read More

April 21, 2023 @ 8:20 am By Omar Faridi  |  

Airwallex announced the launch of its global payments services in Canada. The launch will empower Canadian businesses “to tap into Airwallex’s global payments and financial platform, offering a faster, more cost-effective and transparent alternative to the traditional banking platform.” Businesses in Canada can now “access… Read More

April 20, 2023 @ 10:49 pm By JD Alois  |  

The House Subcommittee on Digital Assets, Financial Technology (Fintech), and Inclusion has scheduled a hearing on digital assets and the regulatory shortcomings that pepper the market today. Entitled, The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure, the hearing will… Read More

April 20, 2023 @ 10:32 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for major businesses, launches its Unified Commerce solution in Malaysia to help businesses flexibly meet ever-evolving consumer expectations. Powered by Adyen’s single platform, Unified Commerce gives businesses end-to-end control of transactions across sales channels (online,… Read More

April 20, 2023 @ 10:31 pm By Omar Faridi  |  

LexisNexis Risk Solutions recently published a white paper produced by Aite-Novarica exploring the challenges in addressing sophisticated fraud threats “following increased digital adoption and consumers’ high expectations for online transactions.” The white paper, Multifaceted Fraud Attacks: Behavioral Biometrics as a Defensive Tool, explains “that most… Read More

April 20, 2023 @ 10:29 pm By Omar Faridi  |  

Regulatory technology firm, Kaizen Reporting announced that it has acquired Red Deer, a provider of integrated compliance solutions for surveillance and research workflows. Red Deer’s proprietary technology platform “provides surveillance and research tools that help middle office and compliance teams at banks, asset management and… Read More

April 20, 2023 @ 10:27 pm By Omar Faridi  |  

Global spending on financial market data and news “continued its decade-long growth streak with revenues jumping 4.7% to a record $37.3 billion in 2022.” Although real-time trading and data spending accounted “for the largest share of total revenues, strong demand for Pricing, Reference and Valuation… Read More

April 20, 2023 @ 10:26 pm By Omar Faridi  |  

GitLab Inc., which claims to be the most comprehensive DevSecOps platform for software innovation, and Oracle Corporation, a global technology firm, announced the general availability of a new offering “that expands shared artificial intelligence (AI) and machine learning (ML) functionalities.” Customers can now “run AI… Read More

April 20, 2023 @ 10:17 pm By Omar Faridi  |  

UOB (SGX: U11) will reportedly invest more than S$500 million “to build its new global technology and innovation center in JTC’s Punggol Digital District (PDD).” With this investment, UOB claims it “becomes the first local bank to establish its presence in Singapore’s first smart and… Read More

April 20, 2023 @ 7:02 pm By JD Alois  |  

Pagaya (NASDAQ: PGY) has received $75 million from Oak HC/FT in the form of a convertible perpetual preferred security. According to a corporate statement, the additional capital will be used to pursue strategic investments, including acquisitions. Oak HC/FT is a long-time investor in Pagaya. Pagaya… Read More

April 20, 2023 @ 3:59 pm By Omar Faridi  |  

Trullion, a provider of corporate accounting software, announced the completion of $30m in financing to accelerate its growth and expand its product offerings. The financing reportedly “includes $15 million from its initial Series A round led by Third Point Ventures, and an additional $15 million,… Read More

April 20, 2023 @ 3:57 pm By JD Alois  |  

A former Consumer Financial Protection Bureau (CFPB) employee has stolen information from around 256,000 individuals, according to multiple reports. WSJ.com states that the information included “confidential supervisory” data from 45 different institutions. Most of the information was said to be from a single unnamed institution…. Read More

April 20, 2023 @ 3:45 pm By Omar Faridi  |  

Space and Time and Microsoft (NASDAQ: MSFT) announce that developers can now “deploy the Space and Time data warehouse directly from the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.” The one-click deployment provides customers “with an accelerated on-ramp… Read More