February 26, 2023 @ 4:37 pm By Omar Faridi  |  

Deel Lab, the HR company’s research and policy consortium, published its State of Global Hiring Report. Findings from 260k+ worker contracts across 160 countries “show that from January through December 2022, global hiring grew across all regions, although some regions saw a higher rate of… Read More

February 26, 2023 @ 4:34 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and full year 2022 financial results. Lemonade recently shared its Q4 2022 financial results in the Letter to Shareholders on the company’s official investor relations website. On Thursday, February 23, 2023, Lemonade reportedly hosted to discuss… Read More

February 26, 2023 @ 4:32 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced the expansion of its network tokens and card account updater in partnership with Visa, Mastercard, and American Express. Together, these features “help businesses protect revenue, increase authorization rates, and reduce the churn that occurs when customers’ credit… Read More

February 26, 2023 @ 11:17 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced the creation of two new leadership positions to accelerate the company’s delivery against its strategic priorities. Karen Griffin, currently the company’s Chief Compliance Officer, will “take on a new role as Chief Risk Officer.” The ability to manage an organization’s risk… Read More

February 26, 2023 @ 9:47 am By Omar Faridi  |  

Noventiq (LSE: SFTL), the global digital transformation and cybersecurity solutions and services provider, announces that the acquisition of the majority stake of Saga Group has been closed. In September 2022, Noventiq signed an agreement “to acquire Saga Group.” The transaction strengthens Noventiq’s presence in Eastern… Read More

February 25, 2023 @ 6:50 pm By JD Alois  |  

In a blog post, the International Monetary Fund (IMF) says that the technology backing crypto – IE blockchain or distributed ledger technology (DLT) can be used for good. While describing crypto as being more of a disappointment than a revolution, the IMF goes on to… Read More

February 25, 2023 @ 6:38 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families, announced it has expanded into the Middle East with the launch of its outbound remittance product in the UAE. Remitly has also “opened an office in the Dubai International Financial… Read More

February 25, 2023 @ 6:36 pm By Omar Faridi  |  

DirectID, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company. With a mission to promote financial inclusion… Read More

February 25, 2023 @ 6:35 pm By Omar Faridi  |  

Pine Labs, a merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s foreign exchange service provider, have partnered with National Payments Corporation of India (NPCI), in “a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.”… Read More

February 25, 2023 @ 11:12 am By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) has announced the launch of an initiative with other organizations that will focus on sharing information about the convergence of Web3 technologies. The Metaverse Business Alliance is described as a partnership focusing on the growing use of… Read More

February 25, 2023 @ 10:49 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, announced select preliminary operating results “through the fourth quarter ended December 31, 2022.” Kin finished 2022 “with $227.5 million in gross written premium, which represents a 117% increase in year-over-year growth.” Adjusted loss ratio… Read More

February 25, 2023 @ 10:35 am By Camyar Matini  |  

The Shanghai hard fork is projected to unfold this spring around March or April, with the anticipated upgrade affording the capability to withdraw Ethereum from staking for the first time. Ethereum staking rewards participating in network consensus, and in order to participate, one needs to… Read More

February 25, 2023 @ 10:15 am By Omar Faridi  |  

Swarm, the regulated blockchain platform, announces the launch of a public investment offering for Apple, Tesla, and two US Treasury Bond ETFs on decentralized finance (DeFi). The “fully” asset-backed tokens are “available on the Polygon blockchain for both retail and institutional investors, with no minimum… Read More

February 25, 2023 @ 10:11 am By Omar Faridi  |  

UK car finance fintech Carmoola has raised a £8.5 million Series A round and £95 million debt facility to improve “the way people pay for car purchases.” The investment round was “led by US-based fintech specialists QED Investors, with participation from existing investors VentureFriends and… Read More

February 24, 2023 @ 7:32 pm By JD Alois  |  

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, has introduced the Data Privacy Act of 2023.  This bill aims to update financial data privacy laws, providing consumers with more control over how their personal information is collected and used. The movement to… Read More

February 24, 2023 @ 7:17 pm By Omar Faridi  |  

Following its recent analysis of online fraud trends in 2023, SEON has delved deeper into the specific risks “facing iGaming operators around the world.” Leveraging millions of data points from across its platform, the company has created a new report, which “highlights the persistent nature… Read More

February 24, 2023 @ 7:16 pm By Omar Faridi  |  

Linux Foundation Europe, an independent trusted supporter and vendor-neutral home for open source projects in Europe, announced the official formation of the OpenWallet Foundation (OWF). This new, collaborative effort will “develop open source software to support interoperability for a wide range of wallet use cases,… Read More

February 24, 2023 @ 4:40 pm By Omar Faridi  |  

Altai Ventures, an early-stage venture capital firm, announced the closing of Altai Ventures Fund II, LP. The fund closed with $53 million in total commitments “surpassing its goal of $50 million.” Investors of Altai’s latest fund “consisted of leading financial and institutional Limited Partners (LPs),… Read More

February 24, 2023 @ 4:10 pm By Omar Faridi  |  

CitiFX has consolidated its portfolio of eFX trading platforms for corporate and professional investor clients. Velocity 3.0, the new single dealer is “an operating system that delivers CitiFX Pulse, Citi Velocity Trading, Citi Velocity Research and CitiFX Click.” The platform “rebuilds CitiFX’s client user interface… Read More

February 24, 2023 @ 3:47 pm By Omar Faridi  |  

Wells Fargo & Company (NYSE: WFC) announces the launch of LifeSync, a personalized digital approach to aligning clients’ goals with their money. LifeSync, in the Wells Fargo Mobile® app, will be “available at the end of March to Wealth & Investment Management (WIM) clients.” Delivering… Read More