August 25, 2022 @ 8:29 pm By Omar Faridi  |  

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.” Through this development, HVB, a Pennsylvania Chartered Bank founded in 1871… Read More

August 25, 2022 @ 4:35 pm By JD Alois  |  

It appears that Marcus by Goldman Sachs (NYSE:GS) is struggling with something so plebeian, like consumer checking. In a day when fewer and fewer people are using physical checks, opting for online payments and tap to pay with their iPhone, Marcus may delay its consumer checking… Read More

August 25, 2022 @ 3:58 pm By Omar Faridi  |  

Capital One joins the Open Source Security Foundation (OpenSSF) as “a premier member affirming its commitment to strengthening the open source software supply chain.” OpenSSF is “a cross-industry organization hosted at the Linux Foundation, designed to inspire and enable the community to secure the open… Read More

August 25, 2022 @ 3:55 pm By Omar Faridi  |  

Ramp, the first finance automation platform and corporate card designed to help businesses spend less, announced an expansion of its platform that “enables businesses to finance all of their bills in one place.” Bill Pay, its accounts payable automation product, will now “offer businesses the… Read More

August 25, 2022 @ 3:02 pm By JD Alois  |  

Zumper, a property rental marketplace, has riased $30 million in Series D extension. Zumper reports, that in total it has raised $178 million. The funding was led by Kleiner Perkins. Zumper said it would soon relaunch with a short-term rental extension added to their core… Read More

August 25, 2022 @ 12:09 pm By Omar Faridi  |  

Lirium, a licensed provider of B2B2C digital asset access solutions, will begin powering digital currency access and settlement services for Mexican digital wallet Albit, reaching “more than 2 million customers.” Lirium already partners “with financial services companies in Argentina, Brazil, Peru, Colombia, Chile, Paraguay and… Read More

August 25, 2022 @ 11:40 am By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, has gained strong momentum “by doubling the number of banks taking part in its Standardized Approach for Counterparty Credit Risk (SA-CCR) runs since the beginning of 2022.” Capitolis has “maintained a frequent cadence of compression runs, helping this… Read More

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

Muse Finance, a finance provider for small, medium and growing businesses, announced that it has closed a $20 million debt facility “to support the growth of small businesses.” The additional funds mean that Muse now “has access to over $96,000,000 USD (or £73,890,000 GBP), having… Read More

August 25, 2022 @ 10:10 am By Omar Faridi  |  

Standard Chartered announced that it has invested funds in Hong Kong-based KYC, KYB and data management platform with the aim of “accelerating the company’s product development and boosting its sales organization – both to meet the increasing demand of the global identity verification market for… Read More

August 25, 2022 @ 9:32 am By JD Alois  |  

The British Business Bank has announced a new ENABLE Funding facility to Propel, an independent asset finance provider. Propel was launched in 1996 to provide accessible finance to SMEs in the UK. Today, Propel has grown to become one of the UK’s largest independent finance… Read More

August 25, 2022 @ 9:13 am By JD Alois  |  

Young digital bank Zopa has surpassed £2 billion in deposits. The bank claims to be one of the fastest challenger banks to top this milestone. Zopa Bank is authorized and regulated by the Prudential Regulation Authority and by the Financial Conduct Authority. Zopa started its… Read More

August 25, 2022 @ 8:56 am By Omar Faridi  |  

Transact365, a UK-based global payments platform powering merchants across the globe, has partnered with digital asset exchange FINECTUM. The partnership means that merchants using Transact365’s payments platform “can now accept and process crypto payments, including BTC, LTC, USDTE, USDTT, ETH and more, across five continents.”… Read More

August 25, 2022 @ 8:49 am By Omar Faridi  |  

UBS (SWX: UBSG) announced that it has invested in BigPanda, an artificial intelligence IT operations (AIOps) platform, “through UBS Next, the firm’s strategic venture and innovation unit.” As customers increasingly look for more digital services and business becomes more data driven, UBS is actively “engaging… Read More

August 25, 2022 @ 8:43 am By Omar Faridi  |  

Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More

August 25, 2022 @ 1:37 am By Omar Faridi  |  

The developers of Boson Protocol are pleased to announce the introduction of Boson Protocol v2, which is described as “the breakthrough technology enabling digital to physical redemption without intermediaries is launching on Polygon.” Polygon is an Ethereum scaling platform that “enables developers to build scalable… Read More

August 24, 2022 @ 11:41 pm By Omar Faridi  |  

Hello Clever, an Australia-based ‘Buy-to-Earn’ company that gives consumers real-time cashback, has secured A$4.5 million via seed funding round. The investment round has been led by Vectr Fintech Partners along with contributions from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and several… Read More

August 24, 2022 @ 11:29 pm By Omar Faridi  |  

SEB (Skandinaviska Enskilda Banken AB) is recruiting Nicklas Lundh, from the Swedish Police, and Ravi Shankar Sharma, Head of Intelligence Development, Investigations and Analytics at Nordea, to jointly “lead a new Financial Intelligence unit within SEB’s Financial Crime Prevention unit (FCP).” Nicklas Lundh and Ravi… Read More

August 24, 2022 @ 8:35 pm By JD Alois  |  

Several days ago, SEC Chairman Gary Gensler took to the pages of WSJ.com to reflect on crypto markets and regulations. This has been a hot topic for several years now as clear-cut rules by regulators still don’t quite exist. Chair Gensler is of the opinion… Read More

August 24, 2022 @ 7:27 pm By JD Alois  |  

Interest Protocol, a borrow/lend protocol launched in June 2022, has announced a strategic partnership with Chainlink Labs. Interest Protocol previously incorporated Chainlink Price feeds for data. Interest Protocol states that it is integrating Chainlink Keepers to help automate smart contract functions. Chainlink Proof of Reserves… Read More

August 24, 2022 @ 6:33 pm By Omar Faridi  |  

C2FO, which claims to be the largest global platform for working capital, announced a  partnership with Vic.ai, a provider of artificial intelligence (AI) for autonomous accounting and financial management. Through this partnership, C2FO and Vic.ai will “provide their enterprise customers with a flexible AI-driven invoice… Read More