October 11, 2022 @ 5:04 pm By Omar Faridi  |  

Mercury is using Oracle Banking Payments, running on Oracle Cloud Infrastructure (OCI) in order “to help democratize digital payments in the UAE.” With Oracle Banking Payments, Mercury was able “to capitalize on changes in the digital payments landscape in the post-pandemic era to create their… Read More

October 11, 2022 @ 3:54 pm By JD Alois  |  

Bored Ape, or Bored Ape Yacht Club, creator Yuga Labs is being investigated by the Securities and Exchange Commission (SEC), according to a report. Bored App became emblematic of the rapid rise in non-fungible tokens (NFTs). Sales of the collectibles began in the Spring of… Read More

October 11, 2022 @ 3:26 pm By JD Alois  |  

BNY Mellon (NYSE:BK), one of the oldest banks in the US, has announced it will provide custody services for digital assets. On the bank’s home page, BNY Mellon proudly announces: “Today, our Digital Asset Custody platform bridges digital and traditional assets. Tomorrow, as we continue… Read More

October 11, 2022 @ 2:56 pm By JD Alois  |  

All financial services will eventually be Fintech services, but some traditional financial firms struggle to become digitally native. Traditional banks, typically smaller ones, fall into this category. Most of these smaller banks have purchased services from Fintechs, thus providing modern platforms – others have partnered… Read More

October 11, 2022 @ 12:47 pm By Omar Faridi  |  

Barclays is rolling out a new cashback without purchase service, “creating thousands of new locations for consumers to withdraw cash for free.” This is the first time a UK bank has “launched its own cashback without purchase service, made possible by Barclays’ payments franchise and… Read More

October 11, 2022 @ 11:58 am By Omar Faridi  |  

Clearstream has reached the next level of digitization of financial markets by “creating the digital instrument on D7, Deutsche Börse’s digital post-trade platform.” European issuers can now “leverage the new infrastructure to issue digital securities.” The first automated issuances were “performed by LBBW and Vontobel,… Read More

October 11, 2022 @ 11:52 am By JD Alois  |  

The Financial Stability Board (FSB) has published a proposed framework for global regulation of crypto assets. The FSB stated in a release that “crypto-assets and markets must be subject to effective regulation and oversight commensurate with the risks they pose.” While acknowledging there is currently… Read More

October 11, 2022 @ 11:23 am By JD Alois  |  

The US Department of Treasury has revealed two enforcement actions against the crypto exchange Bittrex. According to a statement issued by Treasury, Bittrex has settled for $24 million with the Office of Foreign Assets Control (OFAC) and for $29 million with Financial Crimes Enforcement Network… Read More

October 11, 2022 @ 10:49 am By JD Alois  |  

Digital Asset has announced a new set of tokenization tools designed to accelerate the transition to tokenized assets.  Digital Asset states that Daml, its in-house smart contract platform, now powers Daml Finance, an open-source offering, that aims to speed up the development of “enterprise-grade tokenization… Read More

October 11, 2022 @ 9:45 am By JD Alois  |  

Payments Fintech Wirex says it has launched USDC (USD Coin) on the Stellar blockchain within its App. USDC is a dollar-based stablecoin issued by Circle and one of the most popular stablecoins in the world. Circle’s USDC assets are held in US financial institutions and… Read More

October 11, 2022 @ 9:23 am By JD Alois  |  

Neobank Step, self-described as an “all-in-one financial solution for the next generation,” has raised up to $300 million in debt financing. The funding was provided by Triplepoint Capital and Evolve Bank & Trust. Step reports that this brings its total funding to $500 million. Step… Read More

October 11, 2022 @ 7:44 am By Omar Faridi  |  

Bank of America’s (NYSE: BAC) online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and “allows customers of e-commerce companies to… Read More

October 11, 2022 @ 7:41 am By Omar Faridi  |  

The Financial Stability Board (FSB) recently published the priority themes for the next phase of work under the G20 Roadmap for Enhancing Cross-Border Payments, two years after the Roadmap was launched. The plan reportedly “includes the practical steps to be taken to strengthen external engagement… Read More

October 11, 2022 @ 6:00 am By JD Alois  |  

Upgrade, a Fintech that provides loans as well as cards – promoting “responsible credit,” has announced that its Upgrade Card has been recognized as the fastest-growing credit card in the United States. The Upgrade Card has been moving up on the list that is ranked… Read More

October 11, 2022 @ 12:17 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security recently announced that it has developed a new Crypto Threat Detection System (CTDS) that handles Suspicious Transaction Reporting (STR) and Counterfeit Currency Reporting… Read More

October 10, 2022 @ 11:47 pm By Omar Faridi  |  

In the latest Insight update from Mintos, Martins Sulte, the platform’s CEO and Co-Founder of Mintos, comments on the last quarter on Mintos and provides a “sneak peek” at what you can expect in the following months. As mentioned in a blog post by Mintos,… Read More

October 10, 2022 @ 11:07 pm By Omar Faridi  |  

October, the European Fintech company specializing in SME financing, and Solution Bank, an innovative corporate & investment bank, have “developed a new way of financing SMEs.” Businesses that apply to October for financing will also “have Solution Bank’s resources directly available to them.” The challenger… Read More

October 10, 2022 @ 11:07 pm By Barry James  |  

‘Going for Growth’ Liz Truss’ Style Has Led the UK to A Precipice – Can MPs Pull it Back In Time?   Dear MPs, As Liz Truss launches her pincer movement in parliament this week – a ‘charm offensive’ coupled no doubt with a touch… Read More

October 10, 2022 @ 10:37 pm By Omar Faridi  |  

THORChain, a non-custodial decentralized liquidity protocol that enables decentralized exchanges (DEXs) and users to seamlessly transfer their digital assets across blockchains, has integrated support for Avalanche, which claims to be the fastest smart contracts platform in the blockchain industry, “as measured by time-to-finality.” Avalanche considers… Read More

October 10, 2022 @ 10:11 pm By Omar Faridi  |  

Visa Inc. (NYSE:V), the leader in digital payments, shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously “targeting online and offline vulnerabilities as our daily lives return to a blend of in-person and e-commerce experiences.” Paul… Read More