November 16, 2022 @ 4:41 pm By Omar Faridi  |  

Members of the U.S. banking community announced the launch of a proof of concept (PoC) project that will “explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).” Using distributed ledger technology, the proposed platform would “create innovation opportunities… Read More

November 16, 2022 @ 4:38 pm By JD Alois  |  

Sam Bankman-Fried, the disgraced founder and former CEO of FTX, continues to prostrate himself on social media – admitting he has made a huge mess of things. Bankman-Fried, while expressing his contrition, continues to believe he may be able to re-animate the collapsed firm. New… Read More

November 16, 2022 @ 4:16 pm By JD Alois  |  

Online investment platform and venture community AngelList has spun off its jobs service – AngelList  Talent, into a stand-alone company.  The new business has been rebranded as Wellfound. The company said that AngelList Venture is once again called AngelList. AngelList provided some updated metrics with… Read More

November 16, 2022 @ 3:57 pm By JD Alois  |  

Crypto trading platform Gemini has halted its Earn program following the announcement that Genesis had halted redemptions. Gemini Earn most recently promoted an 8.5% return for investors The collapse of FTX and its collateral damage continues to impact other crypto trading platforms due to counterparty… Read More

November 16, 2022 @ 3:07 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced its partnership with Singlife with Aviva, a financial services company in Singapore. Through this partnership, all customer-facing platforms and internal employee gift cards for Singlife “will be powered by Qwikcilver, a Pine Labs brand.” Pine Labs will also… Read More

November 16, 2022 @ 12:46 pm By Omar Faridi  |  

WeGift, which claims to be one of the industry leaders in digital payouts,  announced the closing of a £26 million Series B, furthering its mission “to allow anyone to transfer any digital currency more freely across the globe.” New investors “included Element Ventures, which led… Read More

November 16, 2022 @ 12:00 pm By Omar Faridi  |  

American Express (NYSE: AXP) announced that it has partnered with TikTok “to launch the #ShopSmall Accelerator, a new program to help small business owners reach a new generation of shoppers on Small Business Saturday, which is on November 26, 2022, and runs throughout the holiday… Read More

November 16, 2022 @ 11:47 am By Omar Faridi  |  

RBC Capital Markets announced the launch of Aiden Arrival, the second algorithm on the firm’s AI-based electronic trading platform. Aiden Arrival builds on the success of the Aiden platform’s first solution, “a volume-weighted average price (VWAP) algorithm, aims to reduce arrival price slippage and offer… Read More

November 16, 2022 @ 11:05 am By Omar Faridi  |  

IDScan.net announced a collaboration with Jack Henry (Nasdaq: JKHY), a financial technology provider, to provide identity validation for digital account creation “via the Jack Henry OpenAnywhereTM platform.” Through its collaboration with IDScan.net, Jack Henry says that it “offers the frictionless, mobile onboarding experience overwhelmingly preferred… Read More

November 16, 2022 @ 11:01 am By JD Alois  |  

TSM, an esport firm, has halted its partnership with bankrupt crypto exchange FTX. In a brief statement from company representatives, TSM explained: “After monitoring the evolving situation and discussing internally, TSM is suspending our partnership with FTX effective immediately. This means that FTX branding will… Read More

November 16, 2022 @ 10:52 am By JD Alois  |  

The House Committee on Financial Services has announced a hearing on the failure of FTX and its affiliated entities. The announcement was bipartisan in nature as the current Chair of the Committee, Maxine Waters, was joined by Ranking Member Patrick McHenry in announcing the hearing… Read More

November 16, 2022 @ 9:50 am By JD Alois  |  

Genesis, an institutional-focused digital asset platform, has posted a series of Tweets revealing a strained platform following the collapse of FTX this past week. Genesis is part of the Digital Currency Group – one of the most prominent entities in the digital asset world. Genesis… Read More

November 16, 2022 @ 9:05 am By JD Alois  |  

In partnership with the Abu Dhabi Investment Office (ADIO), OurCrowd has announced the launch of a global artificial intelligence (AI) hub.  Based at Abu Dhabi Global Market (ADGM)  Hub71, the AI hub has been named Integrated Data Intelligence Ltd (IDI) and will develop easily adoptable… Read More

November 16, 2022 @ 8:24 am By Omar Faridi  |  

Banked Ltd, the London-based Fintech company building a next-gen global payment network, announced that it has raised over $15 million in a Series A extension round, “led by global software investor Insight Partners.” The investment round was “supported by Citi and National Australia Bank Ventures,… Read More

November 16, 2022 @ 8:18 am By Omar Faridi  |  

Atom bank and Phoebus Software Limited (PSL) have reportedly signed a new 3-year contract. The digital bank which streamlined the mortgage market by introducing the use of mobile apps in order to support its lending processes, has been a Phoebus user since Atom Bank’s official… Read More

November 15, 2022 @ 10:50 pm By Omar Faridi  |  

NAB Now Pay Later is now live and “available for the 52,000 customers who pre-registered.” In a move to give Australians more control of their money, customers can now “apply for and use the bank’s new instalment payments product in their NAB app.” Customers can… Read More

November 15, 2022 @ 10:07 pm By Omar Faridi  |  

KKR, a global investment firm, and Privy, a digital trust provider in Indonesia, announced the signing of definitive agreements under which KKR “will participate as the lead investor in the $48 million Series C funding round of Privy, with participation from existing investors MDI Ventures,… Read More

November 15, 2022 @ 9:05 pm By Omar Faridi  |  

Brightwell, an Atlanta-based global payments technology company, announced a new cross-border payments solution, Brightwell’s ReadyRemit, powered by The Bancorp Bank, N.A., and Mastercard’s Cross-Border Services. ReadyRemit allows fintechs, businesses and program managers “to increase revenue and loyalty by offering a user-friendly, cross-border payments solution that… Read More

November 15, 2022 @ 6:27 pm By JD Alois  |  

Money that fled FTX is looking for a place to land. But FTX is not necessarily the only platform that is losing crypto assets, at least according to a Tweet thread from Nansen. We are seeing more deposits than withdrawals to these exchanges in the… Read More

November 15, 2022 @ 6:16 pm By Omar Faridi  |  

Liquidnet, a technology-driven agency execution specialist, recently announced the integration of the firm’s proprietary trading analytics “into its equities trading application.” Powered by Liquidnet Investment Analytics (IA), a sophisticated analytical solution, traders will “have access to personalized pre and intra-trade analytics through real time alerts… Read More