October 25, 2022 @ 9:41 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) recently launched Vaia, its new aggregated payment platform that “gives US-based institutions access to the latest digital payment options for disbursements.” Through a single integration with BNY Mellon, institutions can now “provide their payees with access to Vaia’s wide range of… Read More

October 25, 2022 @ 9:36 pm By Omar Faridi  |  

Japan’s “only” international payment brand JCB Co., Ltd. has launched “JCBDC” (JCB Digital Currency) pilot project with identity technologies no. 1 IDEMIA and Fintech company Soft Space Sdn. Bhd. JCBDC pilot will “develop a CBDC (Central Bank Digital Currency) payment solution and conduct a pilot… Read More

October 25, 2022 @ 4:20 pm By JD Alois  |  

Data points highlighting flagging markets, including private investments in early-stage firms, continue to litter our inbox. The missives should arrive as no surprise as inflation is at a multi-decade high, the US economy is in a recession (or will soon be in one), and the… Read More

October 25, 2022 @ 3:57 pm By Omar Faridi  |  

Following a cyberattack that hit 7-Eleven at the beginning of August 2022, which initially took the chain’s payment and checkout systems out of operation, “a new mobile card payment solution was quickly rolled out in less than a day” through a collaboration with Nets and… Read More

October 25, 2022 @ 3:45 pm By JD Alois  |  

Payments Fintech CleverCards has announced that it has integrated with Mastercard Processing Europe, as part of its recent partnership with Mastercard. This now allows digital Mastercards to be downloaded from the CleverCards platform. Ireland-based CleverCards explains that this card integration now enables payment administrators in… Read More

October 25, 2022 @ 12:37 pm By Omar Faridi  |  

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, announced “the launch of Banking-as-a-Service for their global clients.” Traditional commercial banks in the recent past have been “facing increasing competition from various quarters such as neo banks, fintechs… Read More

October 25, 2022 @ 11:45 am By JD Alois  |  

Multiple Democrat elected officials are slamming public financial agency leaders in a public letter criticizing the “revolving door” of public officials going over to crypto firms. The letter is signed by Senators Elizabeth Warren and Sheldon Whitehouse, along with Representatives Alexandria Ocasio-Cortez (AOC), Rashida Tlaib,… Read More

October 25, 2022 @ 10:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is commencing a review of “Big Tech” providing financial services. The FCA will be reviewing firms like Google, Amazon, Apple, Facebook, and others that have emerged as top financial services providers in sectors like digital wallets and payments. The… Read More

October 25, 2022 @ 9:40 am By JD Alois  |  

Real estate crowdfunding platform CrowdStreet says it is working to promote alternative investments in real estate via its CrowdStreet Advisors, a wholly owned offshoot of the investment platform.  CrowdStreet Advisors aims to promote private investment opportunities by working closely with financial advisors interested in providing… Read More

October 25, 2022 @ 9:25 am By JD Alois  |  

QuickSwap, a decentralized crypto exchange and automated market maker (AMM), has shut down QuickSwap Lend following an exploit. According to a Tweet by the platform, approximately $220,000 was pilfered in a “flash loan” due to a vulnerability. ⚠️QuickSwap Lend is closing⚠️ 🔗$220k was exploited in… Read More

October 25, 2022 @ 8:27 am By Omar Faridi  |  

Moneyhub, an Open Finance, Open Data, and payments platform, announced that it has secured “an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook. Legal & General’s investment is partially… Read More

October 25, 2022 @ 8:26 am By Omar Faridi  |  

Fireblocks, a platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced the public launch of its Payments Engine, a new suite of tools that will “enable payment service providers (PSPs) with the ability to provide a blockchain agnostic, end-to-end solution… Read More

October 24, 2022 @ 11:32 pm By Omar Faridi  |  

Danish Fintech startup, Ztlment, claims it is the “first” in Europe to gain a license that “lets it operate fully regulated payments on top of blockchain.” The company has “raised €1.3 million in pre-seed funding from venture funds specializing in fintech.” The startup’s smart contract… Read More

October 24, 2022 @ 11:07 pm By Omar Faridi  |  

OKX, which claims to be the world’s second-largest crypto exchange by trading volume (behind Binance), has launched a number of activations in coordination with the launch of the Aptos Mainnet. Aptos is a layer 1 project that aims “to develop a safe, scalable, and upgradeable… Read More

October 24, 2022 @ 10:45 pm By Omar Faridi  |  

BNPL Fintech firm Fundiin has secured $5 million in capital via a Series A round that was recently co-led by Trihill Capital and ThinkZone Ventures. The funds from the investment round should assist Fundiin with expanding at a quicker pace and enter Indonesian markets in… Read More

October 24, 2022 @ 10:42 pm By Omar Faridi  |  

Kenzz, the “mass” e-commerce solution bringing reliable online shopping to the mass market in Egypt and MENA, recently announced that it has completed a $3.5 million seed fund raise. The investment round was “led by Outliers Venture Capital – a venture capital fund backing early-stage… Read More

October 24, 2022 @ 10:38 pm By Omar Faridi  |  

LianLian Global, a global cross-border payments service provider, has announced it has acquired a minority stake in ContentBot, an Artificial Intelligence (AI) content generator. Through this investment, LianLian Global will “offer the world’s most advanced AI writer to provide product launching services in 18 languages,… Read More

October 24, 2022 @ 9:47 pm By Omar Faridi  |  

Kubiya, the Conversational AI solution for DevOps teams, announced that it has raised a $6M Seed round led by Hyperwise Ventures alongside investors Pierre Lamond, Giora Yaron, and others. The investment round “enables Kubiya to expand its go-to-market strategy, further extend its offering and ultimately… Read More

October 24, 2022 @ 9:30 pm By Omar Faridi  |  

Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD), which claims to be the leading self-custodial cryptocurrency software platform, and Polygon Technology, a developer of Polygon, the Ethereum scaling blockchain protocol Polygon supporting Web3 technology for millions of users, recently announced “the addition of Polygon support in… Read More

October 24, 2022 @ 7:09 pm By Omar Faridi  |  

Open Banking Expo, the global community of Open Banking and Open Finance executives responsible for digital transformation across financial services and beyond, has partnered with American Express in order “to launch the world’s first Women in Open Banking.” The new industry initiative is “aimed at… Read More