January 29, 2023 @ 2:07 pm By Omar Faridi  |  

Capitolis, the technology company reimagining capital markets, completed its nineteenth Standardized Approach for Counterparty Credit Risk (SA-CCR) optimization in January, “with this latest run incorporating a record number of entities, driving a record reduction of over $290 billion in effective notional.” This marks another momentous… Read More

January 29, 2023 @ 1:17 pm By Omar Faridi  |  

Marinade Finance, Solana’s No.1 protocol by total value locked (TVL), has announced a major drive “to increase staking of SOL on the blockchain as the protocol aims to increase Solana’s decentralization and grow liquidity throughout its decentralized finance (DeFi) ecosystem.” Launching February 1, Marinade’s Open… Read More

January 29, 2023 @ 12:17 pm By Omar Faridi  |  

At Binance.US, they claim to focus “fiercely” on protecting the integrity and confidentiality of their customers’ information. To this end, Binance.US are pleased to share that their platform’s security measures and countermeasures that protect their customers were recognized as “best-in-class” by the International Standards Organization… Read More

January 28, 2023 @ 8:35 pm By Omar Faridi  |  

Worldline [Euronext: WLN], a key player focused on payments services, announced the launch of its Buland Bharat digital payments suite, which is designed specially “keeping in mind the needs and wants of small and medium businesses (SMBs) in India.” The Buland Bharat digital payments suite… Read More

January 28, 2023 @ 3:59 pm By JD Alois  |  

On the same day the US Federal Reserve Board issued a new policy statement on banks engaging in crypto activity, several White House advisors posted a note on the “Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks. The post pointed at the “tough year” for crypto, referencing… Read More

January 28, 2023 @ 3:44 pm By Omar Faridi  |  

N26, a European digital bank, announced the appointment of Arnd Schwierholz as its new Chief Financial Officer. The experienced manager will “lead the company’s financial department moving forward.” Arnd Schwierholz reportedly “brings decades of experience in the technology industry and in financial management for publicly… Read More

January 28, 2023 @ 3:30 pm By JD Alois  |  

The legal frameworks applicable to national banks, insured state banks, and uninsured state banks can result in differences in the scope of allowed activities depending on the type of entity, according to the US Federal Reserve. Regardless of this discrepancy, the Fed will be certain… Read More

January 28, 2023 @ 3:07 pm By Omar Faridi  |  

Amid an environment where asset management firms are increasingly collaborating with digital platforms to help launch product offerings and “de-risk” entry into new markets, FLX Networks, which modernizes, simplifies, and drives engagement between asset managers and financial advisors, has partnered with global Fintech leader Broadridge… Read More

January 28, 2023 @ 11:14 am By Omar Faridi  |  

FactSet, a global financial digital platform and enterprise solutions provider, today announced that it has been selected as the primary market data provider for BMO’s Wealth Management division. FactSet is deploying its modern, flexible Advisor Workstation to BMO Wealth Management professionals across Canada “to support… Read More

January 28, 2023 @ 10:17 am By Omar Faridi  |  

Solvo Finance, an EU-based cryptocurrency startup, has announced that their forthcoming crypto investing app will integrate Fireblocks, an easy-to-use platform “to create new blockchain-based products and manage day-to-day digital asset operations.” With the support of Fireblocks’ battle-tested technology, Solvo will be able “to provide world-class… Read More

January 28, 2023 @ 9:11 am By Omar Faridi  |  

The Federal Reserve Board announced its denial of the application by Custodia Bank, Inc., Cheyenne, Wyoming, “to become a member of the Federal Reserve System.” The Board has concluded that the firm’s application “as submitted is inconsistent with the required factors under the law.” Custodia… Read More

January 28, 2023 @ 7:46 am By JD Alois  |  

Silicon Prairie has been approved to operate an Alternative Trading System (ATS). An ATS is similar to a securities exchange but with different regulatory requirements. An entity must first be approved as a broker-dealer before applying to become an ATS. This will enable Silicon Prairie… Read More

January 28, 2023 @ 7:22 am By Omar Faridi  |  

Stripe Inc., which is one of Silicon Valley’s most valuable Fintechs, is reportedly getting closer to what might be one of the largest public-market entries in recent times. Stripe co-founders Patrick and John Collison told company workers that the firm’s executives set a goal of… Read More

January 27, 2023 @ 9:06 pm By Omar Faridi  |  

Bluefin, which claims to be a leader in integrated payments and data and payment security, today announced it has teamed up with Visa for network tokenization. Through this collaboration, Bluefin will “integrate directly with Visa to provide network tokens across card brands.” Bluefin will “provide… Read More

January 27, 2023 @ 8:57 pm By Omar Faridi  |  

Zafin, which claims to be the world’s leading SaaS cloud-native product and pricing platform,  announces the launch of a new Transformation & Modernization group, created “to provide end-to-end management for the company’s priority banking accounts.” The new unit will “accelerate Zafin’s momentum in the market… Read More

January 27, 2023 @ 5:55 pm By Omar Faridi  |  

Hawk AI, Germany’s provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing “to accelerate product development and global expansion.” The investment round was “led by Sands Capital from Washington D.C., with participation from new… Read More

January 27, 2023 @ 2:47 pm By Omar Faridi  |  

Salv, the regtech startup founded by former Wise and Skype employees, closes a €4m seed round extension “led by ffVC, with German G+D Ventures and existing investors also participating.” The funds will allow Salv “to further develop its modular regtech technology and support geographical expansion… Read More

January 27, 2023 @ 1:27 pm By Omar Faridi  |  

Alviere, the embedded finance platform provider, is pleased to announce that Grupo Coppel, Mexico’s largest non-food retailer, has chosen Alviere “to enable the launch of Coppel Access, a mobile wallet that will provide millions of unbanked and underbanked consumers in the U.S. with easy access… Read More

January 27, 2023 @ 12:07 pm By Omar Faridi  |  

Better, which claims to be the first fintech lender to achieve $100 bln in funded loans,  unveiled the launch of One Day Mortgage(™), which is described as “a breakthrough innovation in the real estate industry.” For the “first” time ever, Better customers will be able… Read More

January 27, 2023 @ 11:40 am By JD Alois  |  

  Congressman Patrick McHenry, the Chairman of the powerful House Financial Services Committee, has announced the Committee staff for the 118th Congress. McHenry recently posted his newly formed subcommittees as well as each subcommittee Chair. The Congressman aims to shift the direction of legislation emanating… Read More