February 5, 2023 @ 4:37 pm By Omar Faridi  |  

The XPLA Blockchain, a “next generation” of Web3 mainnet developed with gamers at the core of its design, announced that a governance proposal ‘to support individual $XPLA holders related to the FTX incident has been approved with unanimous consent.” The voting on the Relief Fund… Read More

February 5, 2023 @ 4:07 pm By Omar Faridi  |  

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.” ALM IQ… Read More

February 5, 2023 @ 3:27 pm By Omar Faridi  |  

Center, a software company helping businesses gain visibility into and manage employee spending, released insights from its fourth annual Expense Management Trends survey, revealing that “despite an uncertain economic environment, over a third of respondents (36%) plan to spend more than $250k annually on travel,… Read More

February 5, 2023 @ 2:17 pm By Omar Faridi  |  

Fibery, the work and knowledge hub for startups, today announced that it has raised $5.2 million in a Series A funding round “led by Tal Ventures, with additional funding from Altair Capital.” This investment round “brings total investment in the company to $8.3 million, following… Read More

February 5, 2023 @ 1:50 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) issued the consultation conclusion to the discussion paper on crypto-assets and stablecoins (the “Consultation Conclusion”), summarizing the feedback “received in relation to the paper and the HKMA’s response.” In the Consultation Conclusion, the HKMA proposes “to bring certain activities… Read More

February 5, 2023 @ 1:25 pm By Omar Faridi  |  

Cipher Mining (NASDAQ:CIFR), a developer and operator of bitcoin mining data centers,  announced its unaudited production and operations update for January 2023. During the month of January, Cipher continued “to expand operations at Odessa, fund our capital expenditures out of operations and build our bitcoin… Read More

February 4, 2023 @ 7:31 pm By JD Alois  |  

Trulioo has announced a new version of its global identity platform that is being described as “industry-defining.” Trulio provides a service for both business and individual verification. Based in Vancouver, the firm has grown rapidly, adding big-name investors like Goldman Sachs and Amex. The company… Read More

February 4, 2023 @ 7:16 pm By Omar Faridi  |  

Proxymity, the digital investor communication platform, today announced its collaboration with FIS® to launch FIS Proxy Voting by Proxymity. The digital proxy voting service “connects issuers, intermediaries, and investors ensuring that investor communications are delivered in real-time.” Rapidly increasing cost pressures amidst “an unpredictable economic… Read More

February 4, 2023 @ 5:37 pm By Omar Faridi  |  

The Nuon Protocol has announced the launch of its mainnet for the NUON flatcoin: the world’s “first” cryptocurrency “linked to an unbiased cost of living index.” Decentralized and overcollateralized, Nuon will “go live on the leading Ethereum scaling solution, Arbitrum.” The concept of a flatcoin “has… Read More

February 4, 2023 @ 4:30 pm By Omar Faridi  |  

Extend, a virtual card and spend management platform, had a strong 2022 as customers embraced the opportunity ‘to add powerful controls and insights to their business credit cards.” Since its founding nearly six years ago, Extend has “empowered companies to turn their existing credit card… Read More

February 4, 2023 @ 4:27 pm By Omar Faridi  |  

  There’s a lot of frustration when credit card readers “do not respond to a customer’s dips, taps and swipes—or require a reset halfway through a transaction.” According to the J.D. Power 2023 U.S. Merchant Services Satisfaction Study, the small business owners “who are fighting… Read More

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

Threshold Network, a provider of cryptography services to unlock greater utility of digital assets, announced the launch of tBTC, the industry’s “only” decentralized, permissionless, and scalable Bitcoin-to-Ethereum bridge. The launch will “allow users to wrap their BTC in exchange for tBTC tokens that can be… Read More

February 4, 2023 @ 12:59 pm By Omar Faridi  |  

Banca Patrimoni Sella & C. launches a new discretionary mandate based on Artificial Intelligence. The new mandate has been developed in partnership with MDOTM Ltd, the Fintech scaleup global provider of AI-driven investment solutions “for institutional investors.” The new mandate, called “GP AI-Driven”, will invest… Read More

February 4, 2023 @ 11:17 am By Omar Faridi  |  

Opportunity International, a global nonprofit, today announced the successful completion of its three-year Waymaker Campaign, “raising $101 million of philanthropic capital that will leverage over $1 billion in social impact funding from local banks and financial institutions to provide loans, investments and wraparound services to… Read More

February 4, 2023 @ 10:33 am By JD Alois  |  

In a series of Tweets yesterday, tZERO announced that it was ending its crypto services as it focuses its efforts on regulated securities. The company set a deadline of March 6, 2023, for customers to withdraw assets in an orderly manner. tZERO said that they… Read More

February 4, 2023 @ 10:14 am By Omar Faridi  |  

Finnish Fintech company Membrane Finance has launched EUROe – Europe’s “first” and “only” EU-regulated full-reserve stablecoin and payment network. EUROe transforms “a fiat Euro into a 1:1 pegged digital currency transactable on Ethereum, with planned support for an increasing number of blockchains.” One EUROe is… Read More

February 4, 2023 @ 10:12 am By Omar Faridi  |  

Paxos, the “comprehensively” regulated blockchain and tokenization infrastructure platform, announced it is launching “an engineering research & development center of security and cryptography excellence in Israel.” Paxos plans “to expand its Israel engineering center with senior, staff and principal engineers with specialized skills in enterprise-grade… Read More

February 4, 2023 @ 10:10 am By Omar Faridi  |  

Pie Insurance, a tech-enabled provider of workers’ compensation insurance to small businesses, announced that Pie Insurance Group has “secured a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of ‘a-‘ (Excellent)” from AM Best, a global credit rating agency and data… Read More

February 4, 2023 @ 9:27 am By Omar Faridi  |  

Torii, creator of the world’s only Distributed SaaS Management Platform (SMP), announced advances that make it easier than ever “to manage cloud apps and reduce spend in the digital workplace.” Now, IT pros can empower employees “throughout the company as app owners and co-managers, easily… Read More

February 3, 2023 @ 8:25 pm By Omar Faridi  |  

Digital banking provider Bankjoy announced the launch of Online Account Opening 2.0, which “enables financial institutions to quickly and seamlessly onboard new members and clients, enhancing the first digital experience while driving deposit growth.” With Bankjoy’s new, standalone Online Account Opening platform, financial institutions can… Read More