March 13, 2023 @ 9:06 am By JD Alois  |  

HSBC, working with the UK government, has announced the acquisition of Silicon Valley Bank UK (SVB UK). In a release, HSBC said it had purchased Silicon Valley Bank UK Limited for £1. The transaction completes immediately. HSBC said the transaction will improve its banking franchise… Read More

March 13, 2023 @ 8:49 am By Omar Faridi  |  

The Bundesbank reportedly convened its crisis team on Monday (March 13, 2023) in order to assess the impact of the fallout of the US-based lender Silicon Valley Bank (NASDAQ:SIVB) on the domestic market, even while no emergency action or measures were expected in Europe. As… Read More

March 13, 2023 @ 8:45 am By Omar Faridi  |  

This past January, Anchorage Digital marked the second anniversary of their federal bank charter. According to Anchorage Digital, it was “a moment of pioneering progress for any digital asset bank, and it coincided with their announcement of another milestone for their compliance and bank program:… Read More

March 13, 2023 @ 8:42 am By Omar Faridi  |  

Finastra has announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service “facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market.”… Read More

March 12, 2023 @ 11:47 pm By Omar Faridi  |  

Liquidity Group, an Israel-based fintech and asset manager, is looking to provide $500 million this year “to support startups in the UAE and across the Middle East.” The company reached unicorn status last month, “with fresh investment of $40 million from Japan’s MUFG at a… Read More

March 12, 2023 @ 11:30 pm By Omar Faridi  |  

Feedzai, the firm focused on fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report. UK Finance has chosen Feedzai as the lead sponsor and contributor “for the… Read More

March 12, 2023 @ 11:18 pm By Omar Faridi  |  

F5 (NASDAQ: FFIV) announced it is partnering with Visa, the digital payments giant, to help merchants securely reduce login friction for customers. Customers expect seamless commerce experiences and transactions “to be secure.” Yet, in today’s digital-first world, customers are “under threat from bad actors looking… Read More

March 12, 2023 @ 11:16 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtech firms, has announced the appointment of Dr. Günther Blaich as the Country Lead for Germany. Effective immediately, Dr. Blaich will be “responsible for leading wefox Germany and driving the company’s growth and profitability strategy.”… Read More

March 12, 2023 @ 11:11 pm By Omar Faridi  |  

Strong ecosystems and client proximity are key prerequisites for sustainably driving innovation and helping to shape the future of the Swiss financial center. A strategic partnership between UBS (SWX: UBSG), the universal bank and digital market leader in Switzerland, and the largest Swiss innovation ecosystem… Read More

March 12, 2023 @ 6:47 pm By JD Alois  |  

The US Department of Treasury, FDIC and Federal Reserve have joined to protect all account holders at the Silicon Valley Bank (NASDAQ:SIVB), which was taken over by the federal government on Friday. The exceptional action means that accounts holding over $250,000 will have access to… Read More

March 12, 2023 @ 6:28 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments and digital payment software solutions, and Security Bank Corporation, a universal bank in Philippines, announced that the bank has chosen ACI Worldwide’s Enterprise Payments Platform solution to strengthen its real-time payment capabilities. The partnership will… Read More

March 12, 2023 @ 4:47 pm By JD Alois  |  

Republic, the largest securities crowdfunding platform in the world, has distributed a note indicating that it has “limited exposure” to Silicon Valley Bank (NASDAQ:SIVB), the top venture-focused bank that is based in California but also has a significant presence in other top innovation hubs. Republic… Read More

March 12, 2023 @ 4:38 pm By Omar Faridi  |  

AstroPay, the online payment solution of choice for millions of users worldwide, has announced the launch of its new co-branded product – the AstroPay Wolves debit card. The launch builds on the business’ existing partnership with English Premier League club Wolverhampton Wanderers, also known as… Read More

March 12, 2023 @ 4:10 pm By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, announced that its subsidiary, Capitolis Global Broker Dealer LLC, has applied “to become a broker-dealer.” This is the next step in Capitolis’ journey “to provide innovative solutions to the market in order to keep the capital markets both… Read More

March 12, 2023 @ 3:17 pm By Omar Faridi  |  

Prove Identity, Inc., which claims to be the leader in digital identity, announced a partnership with Bitstamp, the “longest-running” cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process. ‍Prove will enable Bitstamp US users “to streamline account… Read More

March 12, 2023 @ 3:16 pm By Omar Faridi  |  

Pacaso, the real estate platform that helps people buy and co-own a luxury second home, shares a significant moment for co-ownership with the passage of Utah SB 271. The passage of the bill, sponsored by Sen. Michael McKell and Rep. Val Peterson, means the benefits… Read More

March 11, 2023 @ 6:33 pm By Omar Faridi  |  

Orion Innovation, a digital transformation and product development services firm, announced the acquisition of Banktech Software Services Ltd, a core banking implementation partner for global financial institutions. Banktech will complement Orion’s financial services business by “bringing additional industry expertise, open banking solutions, and implementation capabilities… Read More

March 11, 2023 @ 6:03 pm By JD Alois  |  

Following an initial statement that it held a separate balance sheet from Silicon Valley Bank (NASDAQ:SIVB) in the US, Silicon Valley Bank UK has announced it will move into insolvency following a discussion with UK banking regulators. SVB UK took on a similar role to… Read More

March 11, 2023 @ 5:41 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform of choice for businesses, announces that its annual Accelerator program is returning this spring “to empower another round of high-potential social enterprises and impact startups.” EMEA based businesses committed “to furthering the UN’s Sustainable Development Goals (SDGs) can… Read More

March 11, 2023 @ 5:31 pm By Omar Faridi  |  

Credit Karma (NASDAQ: INTU), the consumer technology platform with more than 120 million members in the U.S., announced Net Worth, a new product experience within Credit Karma that will help millions of members know, grow and protect their wealth. The introduction of Net Worth “brings… Read More