October 9, 2022 @ 10:32 pm By Omar Faridi  |  

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced “the strategic investment of $500M USD (converted from $500M DAI) into a combination of US Short Treasuries and Investment Grade Corporate Bonds.” The move, which will be initiated by DeFi… Read More

October 9, 2022 @ 9:27 pm By Omar Faridi  |  

eToro, the social investing network, recently announced the appointment of Nicole Murphy as U.S. Chief Compliance Officer and James (Jim) McGrath as U.S. Head of Anti-Money Laundering. In her new role as U.S. Chief Compliance Officer, Nicole will “oversee the design, implementation, and maintenance of… Read More

October 9, 2022 @ 9:17 pm By Omar Faridi  |  

Orca, a Solana-based liquidity platform, has announced the launch of the Orca Climate Fund. The fund is “reflective of its mission to combat climate change and promote sustainable practices in crypto.” The Orca Climate Fund “evolved from Orca’s Impact Fund which was born in August… Read More

October 9, 2022 @ 9:09 pm By Omar Faridi  |  

ThriveDX, which claims to be the “premier” cybersecurity and digital skills provider, and Exclusive Networks, a globally “trusted” cybersecurity specialist for digital infrastructure,  announced the expansion of their partnership “to deliver end-to-end cybersecurity training and talent solutions to its global network of more than 25,000… Read More

October 9, 2022 @ 4:36 pm By Omar Faridi  |  

Sumsub, a global tech company providing anti-fraud and compliance solutions, announces the launch of “one click-KYC.” These services from Sumsub are available for users in India, Brazil, Nigeria and Indonesia. The new solution will “allow businesses to instantly onboard over 2 billion users without requesting… Read More

October 9, 2022 @ 3:33 pm By JD Alois  |  

This past week, Singapore MP Yip Hon Weng queried public officials about the risk of money laundering and fraud in the cryptocurrency markets. Singapore has emerged as a top hub for digital asset innovation with some firms moving to the country due to its Fintech-friendly… Read More

October 9, 2022 @ 2:05 pm By Omar Faridi  |  

Decades into the new millennium, finance teams are still behind with digital transformation. Research shows that finance executives are still struggling with process improvement, whether it be document handling, collecting signatures, reporting, or forecasting. Finance is a key function that supports the business with timely… Read More

October 9, 2022 @ 1:47 pm By Omar Faridi  |  

Geode Finance, a liquid staking infrastructure provider for DAOs, has successfully deployed on Avalanche Mainnet, partnering with Yield Yak “to launch their own liquid staking solution and token, yyAVAX.” With Geode’s infrastructure, DAOs can “unlock new revenue streams and capture the full value of PoS… Read More

October 9, 2022 @ 10:50 am By Omar Faridi  |  

Channel Capital Advisors LLP is pleased to announce “the launch of its specialist Fintech Lending Strategy, with commitments from global institutional investors.” The first $100m tranche of the $300m strategy will be “deployed immediately to leading fintech lenders.” Channel’s fund will be “deployed to digital… Read More

October 9, 2022 @ 10:42 am By Omar Faridi  |  

WireFX is pleased to announce that it has selected Monex USA as a strategic partner “to provide global payment capabilities to its U.S. corporate clients. ” Through this partnership, WireFX clients will be able “to take advantage of Monex USA’s digital solutions for foreign exchange… Read More

October 8, 2022 @ 8:03 pm By Omar Faridi  |  

Wall Street and Silicon Valley are coming together “to build digital asset management solutions focused on connecting institutional investors to the crypto ecosystem.” Earlier this year, former HSBC trader Ashutosh Goel and former Meta Asia executive Supreet Kaur paired up to build xalts, an investment… Read More

October 8, 2022 @ 7:00 pm By Omar Faridi  |  

West Realm Shires Services Inc. and FTX Trading Limited, the companies behind FTX US and FTX.COM respectively (collectively referred to as “FTX”), and Visa, which claims to be a world leader in digital payments, announced “a long-term global partnership.” As a part of the alliance,… Read More

October 8, 2022 @ 6:58 pm By JD Alois  |  

PayPal’s (NASDAQ:PYPL) forthcoming Acceptable Use Policy is garnering outrage on Twitter as users must agree to monetary penalties for crossing the PayPal moral guidance line. A new Acceptable Use Policy, to take effect on November 3, 2022, states: “You are independently responsible for complying with all… Read More

October 8, 2022 @ 6:23 pm By Omar Faridi  |  

Bizcuit provides invoice financing to Rabobank clients in their need for flexible liquidity. These services are for those who need money quickly to meet their payment obligations in the short term, want to take advantage of a purchasing option with their supplier, or because they… Read More

October 8, 2022 @ 6:15 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. Whilst making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will “power commerce that is rapidly evolving across different… Read More

October 8, 2022 @ 10:05 am By Omar Faridi  |  

Via, a global payroll platform that helps hire and pay workers anywhere in the world in compliance with all local legal regulations, announced that it has opted for Bitso, the cryptocurrency platform in Latin America, to streamline international payments for workers using the power of… Read More

October 7, 2022 @ 9:27 pm By Omar Faridi  |  

ZenLedger, which claims to be the global leader in cryptocurrency tax software and blockchain analytics, announced the company is accepting cryptocurrency as payment for goods and services using BitPay, which is one of the largest providers of Bitcoin and cryptocurrency payment services. The ability to… Read More

October 7, 2022 @ 8:11 pm By Omar Faridi  |  

Afterpay (ASX:APT), which claims to be a leader in “Buy Now, Pay Later” (BNPL) payments, introduced a new payment solution that gives consumers even more choice, flexibility and time “to pay, with transparent terms to support responsible spending – just in time for the busy… Read More

October 7, 2022 @ 6:27 pm By Omar Faridi  |  

Paystand, which claims to be the global leader in blockchain-enabled B2B payments, announced a series of upgrades to its Sage Intacct integration. Paystand first “unveiled its partnership with Sage in May 2021, expanding the reach of its Payments-as-a-Service model to Sage Intacct customers everywhere.” Now,… Read More

October 7, 2022 @ 6:18 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, announced the appointment of two new global heads for its Equity Index and Cryptocurrency businesses “to continue driving product innovation and supporting long-term growth.” Paul Woolman, Global Head of Equity Index Products, will oversee the company’s Equity Index product portfolio,… Read More