March 21, 2023 @ 11:03 am By JD Alois  |  

US Secretary of the Treasury, Janet Yellen, addressed the American Bankers Association today, tackling the topic on everyone’s mind. The precarious financial services industry and the possibility for contagion. The collapse of multiple banks in the US has now spread to Europe. This past week,… Read More

March 21, 2023 @ 10:24 am By JD Alois  |  

WiseAlpha, an investment platform that provides access to fractional bonds, is preparing to raise growth capital on Seedrs. Regulated by the UK Financial Conduct Authority, WiseAlpha aims to give smaller investors the opportunity to corporate bonds at a low minimum of £100.  To participate, you… Read More

March 21, 2023 @ 9:59 am By JD Alois  |  

Xapo Bank says it is the first regulated bank to accept USDC deposits and withdrawals. Issued by Circle, USDC is the second largest stablecoin by market cap, pegged to the US dollar. Xapo Bank is regulated and based in Gibraltar. Xapo Bank states that USDC… Read More

March 21, 2023 @ 9:43 am By JD Alois  |  

Eric Vanraes, Portfolio Manager of the Strategic Bond Opportunities Fund at Eric Sturdza Investments, has distributed a warning on the consequences of the Credit Suisse debacle. In the past week, Credit Suisse was acquired by UBS in a deal supported by the Swiss government. The move… Read More

March 21, 2023 @ 8:53 am By Omar Faridi  |  

Virtual banking platform Credable aims to expand operations to new markets after acquiring $2.5 million in funding. The seed funding round, which was first reported by TechCrunch, should help the firm with further expanding its products and services. These reportedly include various banking products for… Read More

March 21, 2023 @ 8:50 am By Omar Faridi  |  

Bluestone Group, the European financial services business headquartered in the UK, announced that it has agreed terms for the sale of its UK mortgage lending and portfolio servicing operations, Bluestone Mortgages Limited (BML) to Shawbrook Group plc. Under the terms of the transaction, Bluestone’s holding… Read More

March 21, 2023 @ 8:47 am By Omar Faridi  |  

Mars Growth Capital, a joint venture between MUFG and Liquidity Group, announced their first Nordic deal, with a $5 million funding in Kognity, an edtech company headquartered in Sweden. Kognity offers a digital teaching and learning platform “used by more than 140,000 students in 1,300… Read More

March 21, 2023 @ 8:45 am By Omar Faridi  |  

The UK has an “impressive” innovation infrastructure, including major research universities and levels of investment in Fintech only exceeded by the US, according to an update shared by Coinbase (NASDAQ:COIN). This has “contributed to the UK’s success in incubating and hosting some of Europe’s largest… Read More

March 20, 2023 @ 11:08 pm By Omar Faridi  |  

Infinicept, a provider of embedded payments, and LegitScript, a key playrer focused on merchant and product certification and website monitoring in the e-commerce and payment sectors, announced a partnership to deliver comprehensive merchant monitoring capabilities. Together, Infinicept and LegitScript will “provide a robust and holistic… Read More

March 20, 2023 @ 10:07 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently said that Singapore’s banking system “remains sound and resilient amid heightened volatility in global financial markets following the recent closure of banks in the US.” The Singapore Dollar money market and foreign exchange market “continue to function well.”… Read More

March 20, 2023 @ 9:58 pm By Omar Faridi  |  

Sopra Banking Software (SBS), the global fintech company creating a new breed of banks to power financial services in every industry, announced the consumer-focused findings of its second annual Digital Banking Experience (DBX) Report. This year’s report, “produced in partnership with Forrester and IPSOS, reveals… Read More

March 20, 2023 @ 9:55 pm By Omar Faridi  |  

HYPR, the Passwordless Company, recently announced its newest offering, Enterprise Passkeys for Microsoft Azure and integrated with Microsoft Entra. HYPR claims it is one of the first “to deliver consumer experience simplicity with the rigorous enterprise security that previously could only be achieved through hardware… Read More

March 20, 2023 @ 9:54 pm By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting and business data and analysis, announces the release of Precise API V2, the update to its streamlined API solution that connects and aggregates accounting data. The Precise API V2 provides financial institutions, fintechs, and lenders “with access… Read More

March 20, 2023 @ 9:52 pm By Omar Faridi  |  

Envestnet Data and Analytics, a subsidiary of Envestnet (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, has commissioned Forrester Consulting, an independent research firm, to conduct a Total Economic Impact study “to investigate the total economic impact of Envestnet Data… Read More

March 20, 2023 @ 8:17 pm By JD Alois  |  

President Joe Biden executed the first veto of his administration, axing a bill that garnered bipartisan support in making its way to the President’s desk. Biden tweeted out his action while blaming “Maga House Republicans.” Peter Schiff, a well-known investor and advisor summarized the President’s… Read More

March 20, 2023 @ 7:40 pm By JD Alois  |  

Last month, CI reported that Fierce had launched its financial “super app” that aims to offer high-yield returns for its users. The App is available on both iOS as well as Android. At the same time, it announced a $10 million Seed round backed by… Read More

March 20, 2023 @ 7:19 pm By Omar Faridi  |  

RockX, a blockchain node network headquartered in Singapore, announces the launch of Bedrock — the world’s first AML and KYC compliant, institutional-grade Ethereum liquid staking platform to have gone live to the public. Bedrock is described as “a non-custodial, on-chain and independent liquid staking solution… Read More

March 20, 2023 @ 7:13 pm By JD Alois  |  

Private equity firm NewVest has partnered with global securities crowdfunding platform OurCrowd. Noting that private equity has “outperformed other investment markets over the past 20 years” yet remains elusive for smaller investors, OurCrowd touted its new offering for its investors. The NewVest Private Equity 50… Read More

March 20, 2023 @ 7:03 pm By JD Alois  |  

The House Financial Services Committee is demanding answers on how regulators failed in their oversight of Silicon Valley Bank and Signature Bank. Chair of the Committee, Patrick McHenry, has been joined by the Ranking Member of the Senate Committee on Banking, Tim Scott, are requesting… Read More

March 20, 2023 @ 6:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) will hold the 42nd Annual Small Business Forum as a virtual event. The event is hosted by the Office of the Advocate for Small Business Capital Formation. During the tenure of Jay Clayton, the Forum was held at various… Read More