November 9, 2022 @ 9:34 pm By Omar Faridi  |  

PayTabs — MENA and South Asia’s payments Fintech — in a new move announced that it plans “to acquire a 100% stake in Digital Pay, Saudi Arabia.” Under the terms of the acquisition, Digital Pay will “serve as PayTabs’ flagship point of sale (POS) terminal… Read More

November 9, 2022 @ 9:29 pm By Omar Faridi  |  

CaixaBank Research, the Research Service of CaixaBank, has launched its “Real-Time Economics” website, which is described as “the most complete initiative of its kind in the world, offering quality information practically in real time on the country’s economic reality.” The company’s Research Service is “making… Read More

November 9, 2022 @ 9:25 pm By Omar Faridi  |  

With the risk of carbon dioxide and other greenhouse gas emissions pushing past dangerous warming thresholds, DBS (SGX:D05) together with seven partners and supporters, have “committed to further build on efforts to nurture and scale the climate tech ecosystem.” DBS and global partners “launched the… Read More

November 9, 2022 @ 4:34 pm By JD Alois  |  

Crypto Contagion? Once again, crypto markets are sinking, losing over 10% in the past 24 hours, as the collapse of FTX has revealed an Emperor with no clothing. In aggregate, crypto assets now sit around $800 million, far off its all-time high of $3 trillion… Read More

November 9, 2022 @ 4:19 pm By Omar Faridi  |  

Mambu’s cloud-native banking platform enables Wio Bank “to achieve a faster time to market as it helps establish the UAE as a hub for the growing digital economy.” Wio Bank provides access “to banking and business support services in a fast, convenient and fully digital… Read More

November 9, 2022 @ 4:15 pm By JD Alois  |  

A Fox news correspondent is reporting that Binance has decided purchasing FTX is not a good idea and has declined to acquire the crypto exchange after it got a view of its books. Eleanore Terrett of Fox was first with the news quoting Binance Chief… Read More

November 9, 2022 @ 1:18 pm By JD Alois  |  

Things are going from bad to worse for FTX, which was the second-largest crypto exchange in the world – just last week. Reports have filtered in that regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are “probing” FTX.us… Read More

November 9, 2022 @ 1:02 pm By Omar Faridi  |  

Liquidnet, a technology-driven agency execution specialist, announced the advancement of electronification in the new bond issuance process “following the successful transmission of buy-side orders in live market deals from Order and Execution Management Systems (O/EMS) to participating syndicate banks.” This workflow follows “the initial testing… Read More

November 9, 2022 @ 11:22 am By Omar Faridi  |  

UBS AG (SWX: UBSG) recently priced its inaugural senior unsecured digital bond, “a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).” The digital bond has “the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note but… Read More

November 9, 2022 @ 10:46 am By JD Alois  |  

Jeremy Allaire, the CEO and founder of Circle – the issuer of dollar-based stablecoin USDC, has posted on Twitter his thoughts on the FTX – Binance drama. The rapid collapse of FTX, and the need to beg for a bailout by Binance, has called into… Read More

November 9, 2022 @ 10:33 am By JD Alois  |  

The rapid demise of FTX, once the second-largest crypto exchange in the world, continues to impact crypto markets and the industry in general. Bitcoin is now at a year-to-date low, trading at around $17,700. FTT, the native digital asset of FTX, has cratered, trading at… Read More

November 9, 2022 @ 9:31 am By Omar Faridi  |  

HSBC is pleased to partner with Marketnode, a SGX Group and Temasek joint venture and digital markets infrastructure operator, and UOB in order “to pilot fully digital issuance of wealth management products as part of a Monetary Authority of Singapore (MAS)-led collaboration on asset tokenisation,… Read More

November 9, 2022 @ 9:17 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed three strategic leadership team hires: Rick Poulin, vice president of underwriting Joshua Brost, vice president of marketing Sam Elizondo, vice president of claims operations. These “pie-oneers” join Pie after “a… Read More

November 9, 2022 @ 8:50 am By Omar Faridi  |  

Worldline [Euronext: WLN], a global player focused on payment services, announced the signing of a binding agreement for the acquisition of Banco Desio’s merchant acquiring activities and the planned set-up of a commercial partnership “aiming to leverage Banco Desio’s banking network in order to distribute… Read More

November 8, 2022 @ 11:27 pm By Omar Faridi  |  

TMX Group Limited (TSX:X) announced that it has agreed to acquire Boston-based Wall Street Horizon, Inc. (WSH), a provider of global market-moving action and global corporate event data. Jay Rajarathinam, Chief Operating Officer, TMX Group, said: “TMX Group is committed to serving the evolving needs… Read More

November 8, 2022 @ 11:07 pm By Omar Faridi  |  

AstroPay, the online payment solution of “choice” for millions of users worldwide, is pleased to launch its new product in Brazil, a Mastercard prepaid card. This move will “provide both new and existing AstroPay customers with the ability to pay in any store that accepts… Read More

November 8, 2022 @ 10:57 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a global fintech company, announced a collaboration “to extend embedded finance capabilities to all financial institutions in the Finastra BaaS (Banking as a Service) ecosystem.” Banks will be able “to deliver financing offerings… Read More

November 8, 2022 @ 10:47 pm By Omar Faridi  |  

The strategic collaboration between Odoo and Aramco outlines the long-term goals between the two companies “in line with Saudi Arabia’s Vision 2030.” Small and medium-sized enterprises (SMEs) are “among the most significant drivers of economic growth and an important area of focus of the Saudi… Read More

November 8, 2022 @ 10:30 pm By JD Alois  |  

The dust has yet to settle, and the deal has not yet closed, but Binance’s rapid acquisition of FTX following a liquidity crunch is questioning the entire crypto ecosystem. Just last week, FTX appeared to be Teflon against any attacks lobbed against the digital asset… Read More

November 8, 2022 @ 10:05 pm By Omar Faridi  |  

Facctum, a Risktech firm specializing in cloud-delivered enterprise risk decisioning technology, recently announced the launch of FacctSet, a solution designed to streamline watchlist management for enhanced compliance outcomes. FacctSet is reportedly one of the first purpose-built products designed to address the various data management challenges… Read More