January 6, 2023 @ 1:13 pm By JD Alois  |  

A survey addressing private capital markets – think investment crowdfunding, venture capital, and private equity – was completed this past month. And respondents have overwhelmingly indicated they are interested in private markets – in fact, more so than publicly traded firms, according to the results…. Read More

January 6, 2023 @ 10:46 am By Omar Faridi  |  

New entrant bank Ashman recently revealed that it has appointed Ben Hynes as the company’s Chief Information Officer (CIO) and Mark Holloway as the Chief Technology Officer (CTO), expanding its senior management team. In his new role as the bank’s CIO, Hynes will be responsible… Read More

January 6, 2023 @ 9:55 am By JD Alois  |  

The drums are pounding for institutional crypto trading firm Genesis and its parent company Digital Currency Group (DGC). Genesis halted redemptions in November following “abnormal withdrawal requests which have exceeded our current liquidity.” This event has impacted the crypto trading platform Gemini as it utilized… Read More

January 6, 2023 @ 9:27 am By JD Alois  |  

Rating service Moody’s has downgraded Silvergate Capital (NYSE:SI) following the revelation that deposits rapidly declined during Q4 of 2022, and the bank had to shore up its balance sheet. Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank, following the downgrade… Read More

January 6, 2023 @ 8:53 am By Omar Faridi  |  

On 28 December 2022, the High Court in Singapore sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively “for, among other things, orchestrating an elaborate scheme to manipulate the shares… Read More

January 6, 2023 @ 8:50 am By Omar Faridi  |  

International insurtech bolttech announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. Based in Switzerland, Jens will “provide strategic leadership across bolttech’s Europe operations, driving new and existing market and partnership growth.” Taking over from Andrew Cons, Jens’ role is “effective… Read More

January 6, 2023 @ 8:48 am By Omar Faridi  |  

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

January 5, 2023 @ 11:55 pm By Omar Faridi  |  

Coinmotion, a Finland-based cryptocurrency service provider, has obtained confirmation from the Bank of Spain as “a valid provider of virtual currency exchange services for fiat currency and custody of electronic wallets with the registration number D741.” This means that Coinmotion “reinforces its presence in the… Read More

January 5, 2023 @ 11:17 pm By Omar Faridi  |  

Since its launch on the Hedera network, LG Art Lab has continued to support innovation and “provide accessibility to the digital art world.” With the latest upgrades, LG Art Lab further “solidifies its position as a leading curator of digital art.” Fine art lovers “can… Read More

January 5, 2023 @ 10:48 pm By Omar Faridi  |  

PPRO, which claims to be the leading provider of digital payments infrastructure, has announced that it has expanded its coverage of the Portuguese market by integrating MB WAY, Portugal’s leading mobile wallet provider, onto its platform. This development comes “as a result of PPRO’s long-standing… Read More

January 5, 2023 @ 10:17 pm By Omar Faridi  |  

Instead of dealing with different platforms and currencies, receipts and invoices, and arguing with banks over spend limits, you can consider using services provided via Juni. The company explains that with automatic receipt generation, real-time spend insights and Google Ads invoices auto-pulled into your account,… Read More

January 5, 2023 @ 9:53 pm By Omar Faridi  |  

Following a successful integration with Navigator in 2019, Brightwell, a global payments technology company, has expanded its partnership with Virgin Voyages. With ReadyRemit, powered by Brightwell’s international payment partners, Virgin Voyages can now easily “pay vendors, workers, and others, and provide customer-facing payouts like rebates,… Read More

January 5, 2023 @ 9:46 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB), a financial institution, announced the launch of the region’s first tokenized, contactless payment methods “through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa.” ADIB Visa… Read More

January 5, 2023 @ 9:43 pm By Omar Faridi  |  

Working with eleven international entities, CaixaBank has formed a European research consortium “to explore ways to improve cybersecurity by leveraging artificial intelligence (AI) and big data.” The project, AI4CYBER, is “part of the Horizon Europe program for research and innovation, funded by the European Union.”… Read More

January 5, 2023 @ 9:25 pm By Omar Faridi  |  

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into a share purchase agreement (SPA) for the sale of its non-core subsidiary, Avila House Ltd., a… Read More

January 5, 2023 @ 6:30 pm By Omar Faridi  |  

The Clearing House (TCH) announced that President & CEO Jim Aramanda will be retiring in early-2023, “after 15 years leading the company.” Aramanda will be “succeeded by David Watson, who most recently served as Chief Product Officer of Swift.” In this role, Watson maintained responsibility… Read More

January 5, 2023 @ 5:37 pm By Omar Faridi  |  

Fraud spikes during periods of uncertainty and instability, and “the COVID-19 pandemic was no exception to this,” according to an update from Onfido. Onfido noted that the years 2020 to 2021 “saw all-time highs in the number of fraudulent attempts.” However as the world has… Read More

January 5, 2023 @ 5:29 pm By JD Alois  |  

Add another casualty to the crypto contagion pile. Crypto firm Wyre is said to be shutting down, according to multiple reports. Earlier this week, Axios reported that the collapse of the deal by Bolt to acquire Wyre was the final nail in the coffin. Industry… Read More

January 5, 2023 @ 5:00 pm By JD Alois  |  

  New York Attorney General Letitia James has filed a lawsuit against the beleaguered founder and former CEO of Celsius Network, Alex Mashinsky. Celsius is in the midst of bankruptcy proceedings. Once a high-profile crypto executive, Mashinsky exited the firm this past September. According to… Read More

January 5, 2023 @ 4:46 pm By JD Alois  |  

Worthy Financial has announced a new office in Alpharetta, Georgia. At the same time, the company as announced a new offering, Worthy Property Bonds, an SEC-qualified real-estate-backed debt product.   Sally Outlaw, CEO of Worthy Financial, said that Worthy remains steadfast in its commitment to… Read More