August 31, 2022 @ 12:04 pm By JD Alois  |  

LevelField Financial has acquired Netshares Financial Services, pending regulatory approval. Details on the acquisition were not provided. Netshares is a registered broker dealer. LevelField is a financial services firm that aims to “unite traditional banking and digital asset products and services” on a single platform…. Read More

August 31, 2022 @ 10:43 am By JD Alois  |  

Private Markets Alpha (PM Alpha) has launched, seeking to “dramatically improve” investor access to private markets. The UK-based startup says it has raised £1 million in funding to transform the global wealth management industry.” The goal is to “simplify private market investment for all. PM… Read More

August 31, 2022 @ 10:00 am By Omar Faridi  |  

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

August 31, 2022 @ 9:50 am By JD Alois  |  

Banco Santander has enlisted Trovata to provide cash forecasting and liquidity management for its corporate clients. In a corporate statement, Trovata said that the agreement was for global distribution with Santander. The partnership is expected to see Santander market Trovata’s cash management platform to its… Read More

August 31, 2022 @ 8:19 am By Omar Faridi  |  

Assetz Capital, the billion pound+ business lender – funding 1 in 12 new homes by SME House Builders, has raised 119% (£297,697) of its £250,003 target from 240 investor via Seedrs with 21 days left in the firm’s crowdfunding campaign (at the time of writing)…. Read More

August 31, 2022 @ 8:14 am By Omar Faridi  |  

UK’s Sourced Capital has reportedly made two new senior hires who will be joining the firm’s investor relations group as the business targets £26 million in lending by the end of the year. Matt Mason has been hired by Sourced Capital to serve as the… Read More

August 31, 2022 @ 7:00 am By JD Alois  |  

Online lender Ranqx has appointed John Horner as Chairman of the firm. Horner was previously JPMorgan Chase CIO and Treasurer. He is currently Managing Partner at MoVi, a network dedicated to learning and innovation that advises, incubates, and invests in early-stage firms. Ranqx is based in… Read More

August 30, 2022 @ 11:19 pm By Omar Faridi  |  

The Lightnet Group announced that it has secured a $50 million capital commitment from LDA Capital Ltd “to grow its infrastructure, operations, and expand its technological partner’s (Velo Labs Technology) blockchain technology.” Lightnet will “have the option to increase the $50 million to a total… Read More

August 30, 2022 @ 10:33 pm By Omar Faridi  |  

Truist Wealth has expanded its digital investment offerings with Truist Invest, a robo advisor, and Truist Invest Pro, a hybrid investing solution that “combines automated investing with access to a team of financial advisors.” Joseph M. Thompson, chief wealth officer at Truist, said: “Digital investing… Read More

August 30, 2022 @ 9:17 pm By Omar Faridi  |  

Users of the NFT marketplace, iNFTSpace, can now enjoy more direct purchases of digital artworks via Alchemy Pay’s fiat-to-crypto gateway plugin. This on/off ramp is now being “integrated across all areas of blockchain.” For up and coming projects, such as iNFTspace, this is “the first… Read More

August 30, 2022 @ 7:58 pm By Omar Faridi  |  

Data monetization allows social media websites and tech giants across the globe “to accumulate significant revenue from user’s personal information,” according to an update shared with CI. Facebook, for example, earns “up to US$900 per year (£670) by selling each user’s personal information to other… Read More

August 30, 2022 @ 7:17 pm By Omar Faridi  |  

To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More

August 30, 2022 @ 6:35 pm By Omar Faridi  |  

The Emerging Tech Indicator (ETI), released by Pitchbook, provides a quarterly review of seed- and early-stage investment activity “involving a limited subset of the world’s most successful venture capital (VC) firms.” The analysis provides “a unique perspective into the types of technologies top investors view… Read More

August 30, 2022 @ 6:14 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology with a growing presence in New Jersey, is reportedly partnering with Rutgers University-Newark “to create and fund a new program designed to drive diversity and innovation within the financial technology field.” The… Read More

August 30, 2022 @ 4:14 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the top academic group studying Fintech, has published a report on digital finance in Latin America and its impact on SMEs’ access to capital. The SME Access to Digital Finance Study: A Deep Dive into the Latin America… Read More

August 30, 2022 @ 2:47 pm By Omar Faridi  |  

Ethereum’s Merge is due to happen soon, and it might “impact both Ether and the larger crypto market in a big way,” the Okcoin team noted. Ethereum’s proof-of-work chain will merge with its proof-of-stake chain soon, the update from Okcoin noted while adding that the… Read More

August 30, 2022 @ 2:44 pm By Omar Faridi  |  

Digital identity is a constantly evolving concept and one that is “increasingly entwined with allied areas such as security, privacy, and management of identity-related data,” according to an update from Juniper Research. Usually issued and/or regulated by national identity schemes, a digital identity can “serve… Read More

August 30, 2022 @ 2:42 pm By Omar Faridi  |  

As the demand for cross-border payments continues to grow, Brightwell, an Atlanta-based global payments technology company, announced the availability of ReadyRemit. This comprehensive remittance engine “enables Fintechs to capitalize on the digital payments market quickly and easily, building a new revenue stream and driving customer… Read More

August 30, 2022 @ 11:37 am By JD Alois  |  

Lena Instruments, in partnership with Flare Network, has announced the launch of a new crowdfunding platform labeled “CloudFunding.” Lena Instruments is a blockchain and software firm based in Switzerland. Flare is a new blockchain that claims to have the first consensus protocol for external data…. Read More

August 30, 2022 @ 11:23 am By JD Alois  |  

VIAINVEST, a peer-to-peer lending platform licensed and supervised by the Financial and Capital Market Commission in Latvia, has enlisted the assistance of iDenfy to provide ID verification and anti-fraud sevices. iDenfy ensures AML and KYC compliance for both large and smaller firms. VIAINVEST believes that… Read More