December 8, 2022 @ 7:34 pm By JD Alois  |  

Plaid, a leader in open banking technology, is the next Fintech to reduce its staff due to a slumping economy. In a team update, Plaid founder and CEO Zach Perret announced the company was reducing its headcount by 260 positions. Offices around the world were… Read More

December 8, 2022 @ 5:48 pm By Omar Faridi  |  

MarginEdge, the restaurant management and bill payment platform, announced it has raised a $45 million Series C investment “led by Ten Coves Capital with participation from Fiserv, Derive Ventures, and all previous institutional investors.” This funding, “which more than doubles funding to date to over… Read More

December 8, 2022 @ 4:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Corporate Finance, has revealed a sample letter sent to reporting companies regarding disclosure requirements under securities laws. The letter addresses digital assets, or crypto assets, and points to recent events in crypto markets, such as bankruptcies and… Read More

December 8, 2022 @ 3:11 pm By Omar Faridi  |  

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.” All new and existing… Read More

December 8, 2022 @ 12:46 pm By JD Alois  |  

Crypto platform Bitso has partnered with Félix Pago to offer a service to enable remittances from the United States to Mexico. Bitso is a leading crypto exchange in Latin America operating in Brazil, Colombia, Argentina and Mexico. Félix Pago is a provider of “chat remittance… Read More

December 8, 2022 @ 11:34 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ) has reportedly integrated Mastercard Track™ Instant Pay, which is described as a next-generation virtual card solution that “uses machine learning and straight-through processing to enable instant payment of supplier invoices.” Marqeta says it will “become the first processor to integrate with Track… Read More

December 8, 2022 @ 10:33 am By JD Alois  |  

The long saga of Michael Terpin’s battle against SIM Swap fraudsters and allegations that AT&T shoulders much of the blame, saw one chapter closed this past week as the courts ordered perpetrator Nicholas Truglia (25) to repay $20.379 million Terpin. He has also been sentenced… Read More

December 8, 2022 @ 10:08 am By JD Alois  |  

More UK investors are planning to invest in venture capital offerings in 2023, according to research by Digital Horizon. It is important to note the survey polled LP types last month – iE home offices, asset managers, and other institutional money. Digital Horizon states that… Read More

December 8, 2022 @ 9:02 am By JD Alois  |  

Nigeria is attempting to cajole its population into using digital payments as opposed to cash, according to multiple reports. One method of encouragement is limiting ATM withdrawals to just $45, making it difficult to use physical money. Of course, some point to this harsh policy… Read More

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

Two of Sweden’s “fastest-growing” Fintech companies are joining forces in a partnership “to provide easier and more accessible growth financing for retailers that import goods.” A unique, simple, and completely digital credit scoring process “enables small and medium-sized businesses to quickly get financing with fair… Read More

December 8, 2022 @ 8:17 am By Omar Faridi  |  

Prism Data, an open banking analytics platform, introduced CashScore v3, a powerful new version of its CashScore credit scoring model that leverages anonymized, consumer-permissioned open banking data “to fully illuminate a consumer’s true credit risk.” That deeper understanding “enables lenders to build more resilient businesses… Read More

December 8, 2022 @ 8:11 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced a multi-year innovation partnership with NVIDIA in order “to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector.” Combining Deutsche Bank’s financial industry expertise with NVIDIA’s leadership in AI and accelerated computing “will… Read More

December 8, 2022 @ 4:00 am By JD Alois  |  

C6 Bank in Brazil has selected UK-based Thought Machine to power its core banking tech stack. C6 Bank is a full-stack bank for both businesses and individuals, serving more than 20 million customers. C6 Bank will leverage Thought Machine’s “Vault Core” to create and launch… Read More

December 7, 2022 @ 11:09 pm By JD Alois  |  

Vaultree, a cybersecurity firm, has raised a $12.8 million series A round led by Molten Ventures – along with Ten Eleven Ventures. Vaultree offers encryption services that allow for the processing of large amounts of data, including in financial services. In the event of a… Read More

December 7, 2022 @ 11:07 pm By JD Alois  |  

The Hedera Governing Council has announced new executives joining their team, each with interesting backgrounds. Hedera is the entity that leads the open-source Hedera network, a blockchain technology that aims to solve many of the challenges of competing distributed ledger technologies. According to a note… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More

December 7, 2022 @ 10:38 pm By Omar Faridi  |  

BDx Indonesia, a joint venture company of Big Data Exchange (BDx), PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), and PT Aplikanusa Lintasarta, and the largest wholesale data center and cloud-focused operations creating digital infrastructure in the Indonesian market, is pleased “to announce the appointment… Read More

December 7, 2022 @ 9:47 pm By Omar Faridi  |  

Q-CTRL, which claims to be a global leader in infrastructure software for quantum technology, announced the release of Fire Opal, which is described as “a user-friendly software package designed to enable algorithm developers to get useful results from today’s imperfect quantum computers.” The announcement was… Read More

December 7, 2022 @ 8:27 pm By Omar Faridi  |  

Atlanta-based global payments technology company Brightwell launched its ATM program solutions that “offer a cost-effective way for the cruise industry to drive revenue while lowering ATM operation costs.” By partnering with NCR, the largest provider of ATM software applications and hardware, and Travelex, the “market… Read More

December 7, 2022 @ 8:17 pm By Omar Faridi  |  

We recently caught up with Martin Dobelle, CEO at Engage Labs, which is set to launch soon, and will be leveraging technology “to empower citizens for democratic participation in the digital age.” Engage claims it is a Public Benefit Corporation. According to Engage Labs, to… Read More