March 7, 2023 @ 10:21 am By JD Alois  |  

Assured Allies has raised $42.5 million in Series B funding, according to a statement by the Insurtech. The funding round was co-led by FinTLV Ventures and existing investor Harel Insurance. Additional investors included Lumir Ventures, Funds managed by Hamilton Lane (NASDAQ: HLNE), New Era Capital… Read More

March 7, 2023 @ 10:09 am By JD Alois  |  

The French Autorité des Marché Financier (AMF) has launched a “mystery shopper” campaign to gain first-hand experience as to how banks are treating their customers. What the regulator uncovered clearly fell short of what old banks should be doing. The AMF notes that it has… Read More

March 7, 2023 @ 9:56 am By JD Alois  |  

UK-based Fintech Tide has published a survey that indicates women founders find it difficult to access capital. According to the survey, limited access to capital is the top issue for starting a business. Tide reports that more than half, or 53% of women across the… Read More

March 7, 2023 @ 9:45 am By JD Alois  |  

Later this week, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will hold a hearing entitled U.S. Public Markets Built for the 21st Century: Exploring Reforms to Make Our Public Markets Attractive for Small and Emerging Companies Raising Capital. As the… Read More

March 7, 2023 @ 9:02 am By Omar Faridi  |  

Bankjoy, a digital banking provider, announced a funding round led by Curql Collective, a Credit Union Service Organization spurring fintech innovation for credit unions, with the potential to revolutionize how people engage with their money. Curql’s limited partners of investing credit unions, CUSOs, and credit… Read More

March 7, 2023 @ 8:42 am By Omar Faridi  |  

SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave reportedly “offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning… Read More

March 7, 2023 @ 8:40 am By Omar Faridi  |  

Lendable is pleased to build its Analytics and Business Intelligence team with the addition of Federico Mambelli. Lendable Head of Analytics and Business Intelligence, Olivia Johnson, said: “We are delighted to welcome Federico to the team, who brings a wealth of experience in economic and… Read More

March 7, 2023 @ 8:37 am By Omar Faridi  |  

Nym, a network layer privacy provider, has announced a Nym integration with Ethereum validators and even clients “to provide network-level privacy to the entire ecosystem.” A libp2p module “enables over half a million Ethereum validators worldwide to shield transactions via the Nym mixnet.” The module… Read More

March 7, 2023 @ 7:07 am By Omar Faridi  |  

Mastercard (NYSE: MA), a technology company in the global payments industry, has collaborated with Google in order “to launch Google Pay in Kuwait, strengthening digital payment capabilities in the country.” Cardholders can tap to pay “with their Android phones or supported Wear OS devices in… Read More

March 7, 2023 @ 6:47 am By Omar Faridi  |  

Cambridge Mobile Telematics (CMT), which claims to be the world’s largest telematics service provider, announced that it has acquired Amodo, a telematics company based in Europe. The acquisition brings together two telematics companies “with large and growing footprints in Europe, giving Amodo’s customers access to… Read More

March 7, 2023 @ 5:37 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced plans to launch an AWS infrastructure Region in Malaysia. The new AWS Region will “give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and… Read More

March 6, 2023 @ 9:10 pm By Omar Faridi  |  

Retirable, the “holistic” retirement solution, announced the release of its first ‘State of Retirement’ study, which sums up how more than 2,000 U.S. individuals nearing and in retirement plan “to spend their time, money, and resources.” Known for its holistic approach to retirement alongside the… Read More

March 6, 2023 @ 6:07 pm By JD Alois  |  

Jay Shambaugh, the Under Secretary for International Affairs at the US Department of Treasury, delivered a speech today in front of the Institute of International Bankers’ conference. In the presentation, Shambaugh addressed a litany of hot topics that covered Fintech, including digital assets, as well… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

March 6, 2023 @ 4:55 pm By JD Alois  |  

On March 3rd, WSJ.com filed a report on Tether, once again alleging malfeasance at the firm that is the largest issuer of a dollar-based stablecoin USDT. According to the report, a USDT trader in China was attempting to use fake documents to maintain access to… Read More

March 6, 2023 @ 4:31 pm By JD Alois  |  

The Securities and Exchange Commission has obtained an asset freeze in an emergency action regarding BKCoin Management, a digital asset hedge fund, and principal Kevin Kang. Kang was reportedly fired from BKCoin last October for allegedly misappropriating assets. Kang co-founded BKCoin and, at one point,… Read More

March 6, 2023 @ 4:04 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced the launch of its Qristal software suite, “enabling R&D teams to explore integrating quantum systems in real-world applications in a critical step towards practical utility of the technology.” With Qristal, developers and… Read More

March 6, 2023 @ 11:27 am By Omar Faridi  |  

CAPE Analytics, which claims to be the leader in AI-powered geospatial property intelligence, announced its integration with insurance carrier American National in order to enhance its risk management and underwriting processes “by leveraging CAPE property insights.” Working with CAPE geospatial property insights will “allow American… Read More

March 6, 2023 @ 11:17 am By Omar Faridi  |  

Devron, which claims to be the leader in AI and machine learning for distributed and private data, announces a partnership with Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech. By using Devron’s federated data science platform, Cover Whale will “develop… Read More

March 6, 2023 @ 10:09 am By Omar Faridi  |  

Clear Capital, a national real estate valuation technology company, announced the launch of Universal Data Collection (UDC), the latest in the company’s suite of products designed “to support appraisal modernization.” UDC supports Fannie Mae’s newly announced Value Acceptance + Property Data program, as well as… Read More