December 19, 2022 @ 2:51 pm By Omar Faridi  |  

Umbria Network recently shared key updates, milestones from 2022 including new products, bridges and partnerships. The platform’s developers also provided updates on their expansion efforts within the Web3 ecosystem. In addition to the recently reported increase in transactions on its cross-chain bridge platform, Umbria Network… Read More

December 19, 2022 @ 12:14 pm By Omar Faridi  |  

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, published the second edition of the Cross-Border Payments Bulletin in its Faster Payments Knowledge Center. The FPC Cross-Border Payments Work Group, sponsored by Wells Fargo,… Read More

December 19, 2022 @ 12:07 pm By JD Alois  |  

Regulation Technology or Regtech is the future of regulation and compliance. This much is clear. Yet like other aspects of financial technology, adoption is taking place at a methodical pace. Regtech, alongside “Suptech” [supervisory technology], can alleviate many of the challenges intrinsic to the financial… Read More

December 19, 2022 @ 10:45 am By JD Alois  |  

LumiShare (previously IllumiShare), a digital asset management ecosystem, has raised $3.2 million in a funding round led by the Abu Dhabi royal family. According to a company statement, the funds were part of the early stages of its Abu-Dhabi-licensed $SRG token presale.  The funding will… Read More

December 19, 2022 @ 10:24 am By JD Alois  |  

Bitbond has added support for Fantom Blockchain, according to a statement issued by the company. Fantom Blockchain is a high-performance distributed ledger technology that aims to provide a superior alternative to established blockchains. Fantom touts its “unparalleled speed, security, and reliability” along with instant transactions… Read More

December 19, 2022 @ 10:01 am By Omar Faridi  |  

Edison Partners, a growth equity investment firm, announced a $15 million investment in K1x, the provider of automated solutions for aggregation and packet production for the Schedule K-1 federal tax form and end-to-end tax return solutions for tax-exempt organizations. The investment closely “follows K1x’s acquisition… Read More

December 19, 2022 @ 9:21 am By JD Alois  |  

CoinShares International Limited (Nasdaq Stockholm: CS)(OTCQX: CNSRF), a European digital asset platform, has listed its shares on Nasdaq Stockholm’s main market. CoinShares was approved to trade its shares earlier this month with a prospectus published on December 14th. There was no capital raise with the… Read More

December 19, 2022 @ 8:47 am By JD Alois  |  

Voyager Digital, a crypto firm working its way through bankruptcy, is selling its assets to Binance US – the US facing subsidiary of global crypto exchange Binance. Voyager fell prey to the various crypto failures as it found itself on the wrong end of a… Read More

December 19, 2022 @ 8:26 am By Omar Faridi  |  

Talos, the premier provider of institutional digital asset trading technology, released survey findings from Coalition Greenwich revealing that US Financial Advisors (FAs) are fielding significantly “increased demand from investors for digital assets despite the current crypto winter.” Conducted in partnership with Talos, the survey reported… Read More

December 19, 2022 @ 8:25 am By Omar Faridi  |  

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

December 19, 2022 @ 12:37 am By Omar Faridi  |  

United Fintech, the end-to-end solution for banking technology, announced the 100 percent acquisition of Cobalt, the provider of critical risk and data services to the FX and digital asset markets. The acquisition elevates United Fintech’s position “as the leading end-to-end solution connecting financial institutions with… Read More

December 18, 2022 @ 11:47 pm By Omar Faridi  |  

Rakuten France has announced the launch of an integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. A universal integrated payment solution, Club R Pay facilitates purchases “for the 12 million members of the Club R… Read More

December 18, 2022 @ 11:27 pm By Omar Faridi  |  

Fintech provider Quavo Fraud & Disputes has announced their completion and renewal of the 3.2.1 version of the Payment Card Industry Data Security Standard (PCI DSS) Requirements and Security Assessment Procedures. Quavo initially “achieved its PCI DSS Version 3.2.1 certification in August of 2021.” Attaining… Read More

December 18, 2022 @ 11:18 pm By JD Alois  |  

Securities brokerage CGS-CIMB Singapore has enabled access to ADDX, a digital securities private market. Accredited investors may now access ADDX offerings on CGS-CIMB. Previously, CGS-CIMB mainly offered traditional securities. ADDX offers access to its listed deals via a plugin to simplify integration.  CGS-CIMB was one… Read More

December 18, 2022 @ 11:07 pm By Omar Faridi  |  

Fireblocks, an “easy-to-use” platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced that it has become the first company to have its digital asset infrastructure system “certified by the CryptoCurrency Certification Consortium (C4) as a CryptoCurrency Security Standard (CCSS) Level… Read More

December 18, 2022 @ 10:43 pm By Omar Faridi  |  

Secure Trust Bank has partnered with Mastercard (NYSE: MA) in order to “offer customers more choice and convenience through open banking to repay retail finance.” Open banking empowers consumers “to access, use and benefit from their financial data, and to initiate payments between any of… Read More

December 18, 2022 @ 10:42 pm By Omar Faridi  |  

The EY organization announced an alliance between TaxBit, a tax and accounting technology provider for cryptocurrency and other digital assets (e.g., non-fungible tokens (NFTs)), and Ernst & Young LLP (EY US) “to help organizations meet tax reporting requirements for digital assets.” Regulators are starting “to… Read More

December 18, 2022 @ 10:40 pm By Omar Faridi  |  

THORChain, a non-custodial decentralized native asset protocol that enables wallets, decentralized exchanges (DEXs), and users to seamlessly transfer their digital assets across blockchains, has completed its integration with Trust Wallet, a self-custodial and multi-chain wallet provider. This integration “unlocks decentralized multichain swaps for the more… Read More

December 18, 2022 @ 6:02 pm By Omar Faridi  |  

With embedded finance set to become a “quintessential” component of many industries, smaller businesses and individuals can now “have greater access to financial services than ever before owing to banking-as-a-service (BaaS),” according to an update from GlobalData. With the right partners and systems in place,… Read More

December 18, 2022 @ 5:53 pm By Omar Faridi  |  

CEPRES, which claims to be the leader in private market data and investment technology,  announced new solutions to better handle today’s challenges in private market fundraising for both limited partners (LPs) and general partners (GPs). CEPRES Fund Screener, part of the CEPRES Due Diligence suite,… Read More