February 7, 2023 @ 3:40 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), along with the SEC Office of Investor Education and Advocacy, and the Financial Industry Regulatory Authority (FINRA), have published an Investor Alert cautioning individuals on Self Directed Individual Retirement Account (IRAs) that enable investors to select assets that may be… Read More

February 7, 2023 @ 3:05 pm By JD Alois  |  

Katipult (TSXV: FUND) says it has entered into an “expanded software license agreement” with Raymond James (NYSE:RJF). Raymond James is a multifaceted financial services firm that focuses on wealth management as well as institutional services such as investment banking. Raymond James holds about $1.7 trillion… Read More

February 7, 2023 @ 2:41 pm By Omar Faridi  |  

State Street Corporation (NYSE:STT) announced the launch of a Financial Information eXchange (FIX) application programming interface (API) for its Fund Connect ETF platform, a global online portal “for the creation and redemption of ETFs within the firm’s GlobalLink product suite.” The FIX enhancement, now available… Read More

February 7, 2023 @ 1:26 pm By Omar Faridi  |  

The world of collectibles is a “real business” with a passionate following. When it comes to trading cards, the Topps brand is in “a league of its own,” according to an update shared by Checkout.com. The company known for its legendary baseball cards “has made… Read More

February 7, 2023 @ 12:34 pm By JD Alois  |  

HM Treasury and the Bank of England have announced a new consultation on the possibility of a digital pound. According to a joint statement, The consultation is being launched as the UK government wants to ensure the public has access to “safe money” while supporting… Read More

February 7, 2023 @ 10:54 am By Omar Faridi  |  

Gate.io, which claims to be one of the world’s “leading” digital asset trading platforms, has chosen Coinfirm, a key player focused on analytics and anti-money laundering (AML) solutions for the blockchain industry, “as one of its key AML/CFT partners.” The partnership will “give Gate.io access… Read More

February 7, 2023 @ 10:52 am By JD Alois  |  

Business loan approval rates have increased – depending on who you are asking. According to a report, alternative lenders, institutional investors and small banks have increased credit but big banks and credit unions have pulled back This is according to online lender Biz2Credit and its… Read More

February 7, 2023 @ 10:40 am By Omar Faridi  |  

International fraud prevention company SEON has announced the acquisition of compliance and anti-money laundering (AML) specialist firm, Complytron. The acquisition instantly adds AML capabilities “to SEON’s fraud fighting toolkit and signals a new focus on holistic FinCrime prevention for the growing business.” As a result… Read More

February 7, 2023 @ 9:14 am By JD Alois  |  

OurCrowd is returning next week (February 15, 2023) with its investor summit, held in Jerusalem. The OurCrowd Global Investor Summit focuses on online capital formation and is the largest gathering of its kind globally. OurCrowd hit the pause button on the event following the emergence… Read More

February 7, 2023 @ 8:45 am By JD Alois  |  

Binance has “temporarily” suspended US dollar withdrawals, according to a report. Soon after it was revealed, Binanc.US – the US subsidiary – Tweeted this decision to suspend dollar withdrawals did not impact its operations. @BinanceUS and @Binance are separate entities. https://t.co/gM6e3xb9BX is a licensed and… Read More

February 7, 2023 @ 8:19 am By Omar Faridi  |  

Nucleus365, a UK-headquartered payment institution providing a centralized platform for international payment processing, FX, and connected banking, has introduced Rapid Transfer payment options for its European merchants. Rapid Transfer enables clients to pay merchants instantly using their online banking details, offering same-day settlements of funds…. Read More

February 7, 2023 @ 8:14 am By Omar Faridi  |  

GlossAi, creators of an AI-driven video generator that allows organizations to rapidly create multi-audience content at scale using generative AI capabilities, announced a successful $8 million seed round. Led by New Era Capital Partners with participation by Guidestar ventures, 97212 Ventures, MindCET Ventures, Ginossar Ventures,… Read More

February 7, 2023 @ 8:00 am By JD Alois  |  

Supply chain startup Wisor AI has raised an $8 million seed round led by Team8. The funding round also included participation from Ocean Azul and Hico Investment Group, as well as pre-seed investors fresh.fund, Atooro Fund, The Dock, Seed IL Ventures, and Izaki Ventures. Founded… Read More

February 7, 2023 @ 2:00 am By JD Alois  |  

Zilch, a UK-based payments Fintech, has announced a partnership with StepChange – a “debt advice charity.” According to Zilch, the collaboration with StepChange will make it the first provider of credit via buy now pay later  (BNPL) to fully integrate StepChange Direct into its platform…. Read More

February 6, 2023 @ 10:54 pm By Omar Faridi  |  

Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.” MONEYME has “delivered >$8m NPAT and record revenue… Read More

February 6, 2023 @ 10:32 pm By JD Alois  |  

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the… Read More

February 6, 2023 @ 10:00 pm By JD Alois  |  

Doug Ellenoff, the managing partner of Ellenoff, Grossman, and Schole (EGS) – a Manhattan-based law firm, has been a supporter of innovation in financial services for many years now. A staunch proponent of the JOBS Act of 2012 before it became law, Ellenoff is a… Read More

February 6, 2023 @ 9:40 pm By Omar Faridi  |  

Decentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in “the evolution of decentralized trading protocols.” The Dexalot Subnet aims “to replicate the user experience of a CEX without compromising on decentralization and transparency.” Its team has “spent months building… Read More

February 6, 2023 @ 7:02 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).” In November 2022, GOPAX halted “the withdrawal… Read More

February 6, 2023 @ 7:00 pm By JD Alois  |  

Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from… Read More