September 21, 2022 @ 8:27 am By Omar Faridi  |  

As a provider of fraud, compliance, and instant settlement solutions, Sardine announced a $51.5 million Series B funding round in order “to accelerate product development as well as marketing and sales across the globe.” Andreessen Horowitz’s Growth Fund led the investment round with participation from… Read More

September 21, 2022 @ 7:59 am By Omar Faridi  |  

The population’s need for affordable non-bank loans due to a low credit rating or its absence, difficulties with the registration process, etc. could be “the main driver of the American P2P market,” according to an update from Robo.cash. The national specifics are also very clearly… Read More

September 21, 2022 @ 2:00 am By JD Alois  |  

The Fintech Founders Summer Survey is out and the results are a bit grim. According to the survey respondents, only 38% believe that the UK is currently the world leader in Fintech, tumbling from 56% just one year ago. The UK has long been recognized… Read More

September 21, 2022 @ 12:18 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the licensing of two payment financial technology companies, including: Arab Sea Financial Company and Fatoraah in order to provide Payment services for e-commerce. This brings the total number of payment companies licensed by SAMA “to 21 companies, in addition… Read More

September 20, 2022 @ 11:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a Fintech Co-operation Agreement (CA) in order “to facilitate regulatory collaboration and partnership in FinTech.” The CA will promote the following: Regulatory Sandbox Collaboration – MAS and IFSCA will “leverage… Read More

September 20, 2022 @ 11:15 pm By Omar Faridi  |  

CoverTree, one of the first ever digital insurance solution for residents of manufactured homes, announced the launch of insurance coverage in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee “after raising a total of $10 million in venture funding.” The $10 million seed round… Read More

September 20, 2022 @ 11:10 pm By Omar Faridi  |  

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority have introduced Project Dynamo, which aims “to deliver a prototype for the compliant use of decentralized finance (DeFi) tools, such as blockchain and smart contracts, to improve access to finance for unfunded… Read More

September 20, 2022 @ 10:37 pm By Omar Faridi  |  

UOB Malaysia is teaming up with Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP) in order to introduce the U-Green Financing program, which will aim to support SMEs in prioritizing sustainability. The banking institution has reportedly allocated RM 1 billion for this initiative, and SJPP will be… Read More

September 20, 2022 @ 10:07 pm By JD Alois  |  

The Crypto Council for Innovation has recognized a large group of Senators and Members of the House of Representatives with its Digital Future Award, according to an email from the Council. The elected leaders are being acknowledged for their “initiative, engagement, and commitment to US… Read More

September 20, 2022 @ 9:57 pm By Omar Faridi  |  

Bictory Finance, a Web3 software technology company, tackling safety & regulatory problems across chains in the DeFi & NFT space, has launched the Concordium Name Service (CNS), a wallet naming system that “maps human-readable names to blockchain addresses for a more friendly on-chain experience.” The… Read More

September 20, 2022 @ 9:52 pm By Omar Faridi  |  

The Taiwanese card payments market will “grow by 6.2% in 2022 to reach TWD3.5 trillion ($127.5 billion), as the country’s economy gradually recovers from the COVID-19 pandemic,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments… Read More

September 20, 2022 @ 6:12 pm By Omar Faridi  |  

Republic Capital Group recently announced its partnership with the University of Texas by committing to financial support “for multiple years as part of joining its Wealth Management Network.” The Network supports its Wealth Management Center that “focuses on changing the way investment is being made… Read More

September 20, 2022 @ 5:50 pm By JD Alois  |  

As was previously announced the House Financial Services Committee will be holding a hearing tomorrow (September 21st) entitled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.”  The largest banks in the US will each have CEOs participating in the hearing, including: Jamie Dimon,… Read More

September 20, 2022 @ 5:17 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has announced a new Statement of Policy regarding peer-to-peer lending (P2P Lending) adopted during its annual Fall Meeting in Nashville. P2P lending is the act of individual investors providing capital to a borrower – either for a single… Read More

September 20, 2022 @ 4:49 pm By Omar Faridi  |  

Assure, the platform for Special Purpose Vehicles (SPVs), and satschel, a comprehensive compliance company that aims to modernize financial systems using Web3 technologies, announced a bilateral partnership to enhance “the financial infrastructure of private markets.” Traditionally, private markets “are opaque, illiquid, and behave differently from… Read More

September 20, 2022 @ 2:06 pm By JD Alois  |  

The Federal Reserve is meeting this week to determine interest rates and the odds on favorite is for a 75 basis point increase to the benchmark rate. While it could go higher – perhaps 100 bps – most market observers believe 75 bps is already… Read More

September 20, 2022 @ 1:47 pm By Omar Faridi  |  

The “first” in-game NFTs have been minted on Efinity with the launch of the MetaHome NFT collection, immediately usable in MyMetaverse’s full suite of games. MyMetaverse, a game development company specializing in creator-led metaverses with play-and-earn economies, “ensured that on launch, the NFTs perform different… Read More

September 20, 2022 @ 11:06 am By JD Alois  |  

SEBA Bank, a Switzerland-based regulated “crypto-bank”, has been awarded the 2022 Digital Wealth Management Impact Award for “Digital Asset Offering’’ by global consultancy, Aite-Novarica Group. Mathias Schütz, Head of Client and Tech Solutions at SEBA Bank, commented on the award: “We are thrilled that our… Read More

September 20, 2022 @ 10:25 am By JD Alois  |  

Prime Trust, a longtime bulwark in the securities crowdfunding sector that has moved decisively into the digital asset industry, is exiting its Fund America business – an operation that started during the early days of crowdfunding in the US. The decision has been made due… Read More

September 20, 2022 @ 8:35 am By JD Alois  |  

The Merge was completed last week successfully migrating Ethereum from Proof of Work (PoW) to Proof of Stake (PoS). The transition was not a foregone conclusion and the success was greeted with plaudits as well as relief. But while the Merge addressed some of the… Read More