August 26, 2022 @ 7:11 pm By Omar Faridi  |  

Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM in order “to replace its legacy core systems with Temenos open platform for composable banking.” Part of the IBM Ecosystem, Temenos and IBM have successfully “teamed for… Read More

August 26, 2022 @ 5:37 pm By Omar Faridi  |  

Cowen Digital LLC, the digital asset division of Cowen Inc., has announced “a series of new appointments drawn from leading digital asset businesses to expand the firm’s Institutional sales team.” Among the executives reportedly “joining the team is Director of Institutional Sales, Jackie Rose, formerly… Read More

August 26, 2022 @ 5:09 pm By JD Alois  |  

Fintech startup Deposits has raised $5 million in a Seed round led by ATX Venture Partners and joined by Cabal Fund, Lightspeed Venture Partners, and more. Deposits is a Dallas, Texas-based firm that offers a cloud solution for digital services like payments, banking and more…. Read More

August 26, 2022 @ 4:56 pm By Omar Faridi  |  

Visa (NYSE: V) announced that the company has now issued more than 4 billion network tokens worldwide “through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help secure digital payments and further accelerate ecommerce innovation and acceptance.” This milestone, which… Read More

August 26, 2022 @ 4:20 pm By JD Alois  |  

Fiat-based stablecoins are only as good as what is backing the value. As we saw with TerraUSD, a dollar-based algorithmic stablecoin, little was there except hope and mirrors. Circle, the issuer of USDC – the second largest dollar-based stablecoin in circulation, posted an update yesterday… Read More

August 26, 2022 @ 3:50 pm By Omar Faridi  |  

GiveCard, a nonprofit organization that uses financial technology to power direct giving to the most vulnerable communities, has partnered with Highnote, which claims to be the world’s most modern card issuance platform, “to launch a new prepaid debit card program.” This enables shelters, non-profits, and… Read More

August 26, 2022 @ 12:47 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced the development of Jack Henry Financial Crimes Defender, the company’s financial crimes platform. The platform, planned to launch in early 2023, will aim to “deliver community and regional financial institutions the enhanced capabilities they need, including AI/ML, to gain visibility into… Read More

August 26, 2022 @ 12:09 pm By JD Alois  |  

Overstock (NASDAQ:OSTK), an e-commerce company, has announced an investment in tZERO, a digital asset issuance and trading platform. tZERO was once a wholly owned subsidiary of Overstock. In a corporate release, Overstock announced that it had completed the second tranche of a previously announced investment… Read More

August 26, 2022 @ 10:53 am By JD Alois  |  

Earlier this month, the North American Securities Administrators Association (NASAA) issued an advisory cautioning the public on the rise of “Finfluencers.” NASAA is the association that represents state and provincial financial regulators. It also lobbies on behalf of state authority over securities and providers. Finfluencers… Read More

August 26, 2022 @ 9:35 am By JD Alois  |  

Lendahand, a Netherlands-based, mission-driven securities crowdfunding platform, has been approved to offer investments across the EU under the European Crowdfunding Service Providers Regulation (ECSPR). Lendahand notes that it is the first Dutch platform to receive approval, and as far as we are aware, it is… Read More

August 26, 2022 @ 8:48 am By Omar Faridi  |  

Nationwide Building Society has improved the process for new and existing members opening a savings account by now “allowing them to fund the account straight away as part of the application process.” Previously members would have to wait a few days “until the account was… Read More

August 26, 2022 @ 8:43 am By Omar Faridi  |  

Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point “to support UK small businesses.” The funding will help small businesses “access credit at a time when the UK is anticipating a recession and facing historic inflation rates.” Launched in… Read More

August 26, 2022 @ 8:39 am By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced that it plans “to launch options on UK Carbon Emission Allowances (UKA Options) on October 10, 2022, subject to regulatory approval.” Gordon Bennett, Managing Director of Utility Markets at ICE,… Read More

August 25, 2022 @ 11:01 pm By Omar Faridi  |  

LianLian Global, a global cross-border payments service provider, and London-based lendtech Uncapped have announced a strategic partnership “to provide ecommerce entrepreneurs and online merchants in the US and UK with access to fast and flexible financing to grow their business through the LianLian Global platform.”… Read More

August 25, 2022 @ 10:43 pm By Omar Faridi  |  

Research released by specialized payments platform Paysafe (NYSE: PSFE) reveals how retailers “may be missing out by not accepting payments in crypto.” A significant 80% of crypto owners “want to pay for goods with their crypto balances but are held back by a lack of… Read More

August 25, 2022 @ 9:47 pm By Omar Faridi  |  

MEW (MyEtherWallet), the platform to access the Ethereum ecosystem, announced the launch of its mobile NFT Manager “within the MEW wallet app, a user-focused way to access non-fungible tokens (NFTs) on the go with an iOS or Android device.” App users “can now browse, purchase,… Read More

August 25, 2022 @ 9:43 pm By JD Alois  |  

Buy now – pay later (BNPL) provider Affirm (NASDAQ: AFRM) posted fiscal Q4 earnings today, ending June 30th, topping analyst expectations but falling short in guidance. Shares were up during regular hours on a strong day for the market but Affirm tanked in after-hours, losing… Read More

August 25, 2022 @ 9:21 pm By Omar Faridi  |  

valU, MENA’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that it “acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of… Read More

August 25, 2022 @ 8:35 pm By Omar Faridi  |  

Digital asset firm Gemini noted that they’re pleased to announce support for a new set of crypto tokens. The following digital tokens are now available for trading on Gemini: Immutable X (IMX)= Biconomy (BICO) IoTeX (IOTX) PlayDapp (PLA) These tokens are “available for trading on… Read More

August 25, 2022 @ 8:32 pm By Omar Faridi  |  

Kapitus, a Fintech company that offers financing to small businesses, announced the closing of $95 million in additional funding capacity on August 23, “bringing its total debt facilities to $360 million.” As noted in an update shared with CI, this additional funding capacity “demonstrates continued… Read More