December 23, 2022 @ 3:19 pm By Omar Faridi  |  

UAE-based Fintech Galaxy, the “first” Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks and businesses. The deal will help “to set FTG’s Open Finance and Open Banking wheels in full… Read More

December 23, 2022 @ 2:02 pm By Omar Faridi  |  

Trulioo, a global digital identity verification platform, is partnering with Beedie Luminaries to support post-secondary students “within the program who are pursuing their studies in science, technology, engineering and mathematics (STEM).” Beedie Luminaries is “a social-profit enterprise that helps remove barriers to education and provides… Read More

December 23, 2022 @ 12:57 pm By Omar Faridi  |  

Skyscend Inc., an SaaS platform provider for supply chain finance, announced that it has joined Visa’s Fintech Fast Track Program, speeding up the process of integrating with Visa, “allowing Skyscend to more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment… Read More

December 23, 2022 @ 12:21 pm By Omar Faridi  |  

Empaxis, which claims to be an expert in middle- and back-office operations for wealth and asset managers, announced a partnership with EXL [NASDAQ: EXLS], a data analytics and digital operations and solutions company. Pairing Empaxis’ middle- and back-office expertise, with EXL’s data, analytics, and digital… Read More

December 23, 2022 @ 12:09 pm By Omar Faridi  |  

Digital asset firm Okcoin reveals that clients can now “buy AGLD, BNT, DIA, GHST, KP3R, LDO, PERP, and TRB against USD” via the crypto trading platform. All Okcoin customers in the United States and EU (where applicable) can take advantage of this offer. AGLD, BNT,… Read More

December 23, 2022 @ 11:17 am By JD Alois  |  

OKX, one of the largest crypto exchanges in the world, has published its Proof of Reserves (PoR) for the second time. OKX says this is part of its commitment to transparency, adding that it plans to publish PoR each month on the 22nd.  Following the… Read More

December 23, 2022 @ 10:57 am By Omar Faridi  |  

Wyre is pleased to announce their recent integration with BNB Chain. This partnership allows their developers building with Wyre the ability to leverage their entire API stack on BNB Chain “as well on-ramping directly into $BUSD and $BNB through all payment methods.” This integration is… Read More

December 23, 2022 @ 10:22 am By JD Alois  |  

Yesterday, the Brazilian President signed into law a framework for regulated crypto. Law 14,478/22 determines the guidelines for regulating the provision of virtual asset services. Digital assets deemed to be securities will be regulated by the Brazilian Securities and Exchange Commission. Another entity will regulate… Read More

December 23, 2022 @ 9:15 am By JD Alois  |  

Recently, the British Retail Consortium (BRC) published a report that indicated usage of credit and debit cards are soaring – fueled in part due to COVID-19 and its impact on how society operates. This should come as no surprise as digital money becomes the norm… Read More

December 23, 2022 @ 8:35 am By Omar Faridi  |  

Cboe Global Markets Inc. (Cboe: CBOE), a provider of global market infrastructure and tradable products, today announced the appointment of Vikesh Patel as President of Cboe Clear Europe, its pan-European clearing house. Patel will join the company in early 2023, “subject to regulatory approval.” Patel… Read More

December 23, 2022 @ 8:33 am By Omar Faridi  |  

Manchester-based Fintech solution provider, Nivo Solutions, has secured a £1 million investment from NPIF Maven Equity Finance, “alongside a follow-on investment from Barclays Bank.” The technology platform “provides a verified identity messaging solution, which combines secure instant messaging with digital identification and verification.” This allows… Read More

December 22, 2022 @ 11:38 pm By JD Alois  |  

Hidden Road is reporting that it has been granted registration as a digital asset firm in the UK by the Financial Conduct Authority (FCA). This enables Hidden Road to offer products in spot and derivatives of FX and digital assets. Hidden Road says it is… Read More

December 22, 2022 @ 11:27 pm By Omar Faridi  |  

2022 has been a “meaningful” year for Coinbase’s (NASDAQ:COIN) international expansion, and before they draw it to a close, they want to share some additional updates. Coinbase has been “granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider… Read More

December 22, 2022 @ 10:47 pm By Omar Faridi  |  

Payments and API banking solutions company, Cashfree Payments is now offering one of India’s “widest” ‘Buy Now Pay Later’ (BNPL) suite. Cashfree Payments’ BNPL suite will “enable online businesses to provide customers with over 30 flexible financing options during checkout.” The company has “launched its… Read More

December 22, 2022 @ 10:07 pm By Omar Faridi  |  

The INX Digital Company, Inc. (NEO: INXD), a broker-dealer and inter-dealer broker – offering the first-ever SEC-regulated digital asset trading platform for both cryptocurrencies and security tokens, announced that it has officially entered into a strategic partnership with SICPA, which claims to be a global… Read More

December 22, 2022 @ 9:42 pm By Omar Faridi  |  

Real-time economic intelligence provider QuantCube Technology announced that it has secured funding led by Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun Council, “together with previous backers Moody’s and Five Capital, and other private investors.” Using AI to analyze billions of alternative data… Read More

December 22, 2022 @ 6:17 pm By Omar Faridi  |  

The Bank of London, the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Gavin Hewitt as Group Chief Financial Officer (CFO) “by the end of January 2023.” In his role, Gavin will “lead on all… Read More

December 22, 2022 @ 5:16 pm By Omar Faridi  |  

According to Mastercard (NASDAQ: MQ) SpendingPulseTM, which measures in-store and online retail sales across all forms of payment, Canadian retail sales, “excluding automotive, increased +3.8% YOY, (+15.6% YO3Y) in November.” While E-commerce sales were :down this month -3% YOY, growth remains strong since pre-pandemic at… Read More

December 22, 2022 @ 4:37 pm By Omar Faridi  |  

Logpoint has released its predictions for 2023, foreseeing that CISOs [Chief Information Security Officers] will “face daunting challenges amidst global economic uncertainty and comprehensive new cybersecurity legislation focusing more on businesses’ cybersecurity practices.” According to Logpoint CTO Christian Have, cybersecurity now “has the attention of… Read More

December 22, 2022 @ 2:54 pm By Omar Faridi  |  

Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over “a botched IT platform migration that left two million customers locked out of their accounts in 2018,” Chris Dinga, Payments Analyst at… Read More