July 30, 2022 @ 10:36 am By JD Alois  |  

Jupiter Exchange has raised $5 million to launch an alternative asset exchange, according to a statement from the company. The Seed round was led by White Hilt Capital. Jupiter Exchange will leverage NFT technology to “curate” iconic objects and make fractional ownership possible for anyone… Read More

July 30, 2022 @ 10:27 am By Omar Faridi  |  

Financial technology provider Worldpay from FIS is extending its partnership with dispute technology provider, Chargebacks911, by launching “an enhanced range of Disputes Deflector products.” These products will “provide merchants with a broader range of solutions to help reduce chargebacks, lower costs and combat fraud.” Chargebacks… Read More

July 30, 2022 @ 10:24 am By Omar Faridi  |  

NCR Corporation (NYSE: NCR), an enterprise technology provider, announced a strategic relationship with the Bank of New Zealand (BNZ), one of the largest banks in the country. Through its NCR ATM as a Service solution, NCR will “run the bank’s ATM fleet as part of… Read More

July 30, 2022 @ 10:15 am By Omar Faridi  |  

Rapyd, the global Fintech platform, is teaming up with Rakuten Viber, which claims to be a worldwide leader in private and secure messaging and voice-based communication, to introduce in-app payment transactions to the Viber app. Rapyd will integrate its licensed financial technology offerings “directly into… Read More

July 29, 2022 @ 9:06 pm By Omar Faridi  |  

Dbank, a Pakistan-based Fintech company established by two ex- Google professionals, has acquired $17.6 million via a seed round that has been co-led by Sequoia Southeast Asia and Kleiner Perkins. Brazil’s virtual banking platform Nubank, RTP Global, Rayn and business partner Askari Bank also took… Read More

July 29, 2022 @ 5:19 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), a provider of global market infrastructure and tradable products, announced it is leveraging Snowflake, the Data Cloud company, “to migrate its corporate data and analytics from on-premises systems to the Cloud.” The adoption of Snowflake’s Data Cloud will “help… Read More

July 29, 2022 @ 4:57 pm By Omar Faridi  |  

CLST, an institutional-only lending and borrowing venue for stablecoins and crypto assets, has closed a seed round, led by Spartan Group, with participation from Coinbase Ventures, Kraken Ventures, GSR, Menai Financial Group, Luno Expeditions, a subsidiary of Digital Currency Group, and TX Ventures – the… Read More

July 29, 2022 @ 2:58 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC), the government agency that provides bank deposit insurance, has taken the unique act of publicly chastising Voyager Digital regarding claims of false statements on deposit insurance status. Voyager Digital filed for bankruptcy protection following the collapse of  Three Arrows… Read More

July 29, 2022 @ 2:29 pm By Omar Faridi  |  

Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, has released a number of platform enhancements “to help lenders further automate loan decisioning to save time, minimize manual work, standardize processes, and improve underwriting performance.” The company “sees particular… Read More

July 29, 2022 @ 12:17 pm By JD Alois  |  

The Competitive Enterprise Institute (CEI), a non-profit DC think tank that advocates on behalf of free markets, has published a paper on stablecoins as well as central bank digital currencies. While CBDCs are state-managed digital currencies, perhaps utilizing blockchain technology, stablecoins are issued and managed… Read More

July 29, 2022 @ 10:50 am By Omar Faridi  |  

DSCVR, a Web3 social content network running on the Internet Computer blockchain, has quickly “set the standard for illustrating what’s possible when operating a social platform entirely on-chain.” NFT integrations, community gating and voting, and a variety of cross-product collaborations have “stoked remarkable growth in… Read More

July 29, 2022 @ 9:36 am By JD Alois  |  

Singapore based Zipmex has filed for insolvency under Singapore law. According to a blog post, Zipmex attorneys have filed five applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of several of the firm’s entities, aiming to gain global moratoriums… Read More

July 29, 2022 @ 8:55 am By Omar Faridi  |  

Insurtech Isle of Man and F10 are pleased to announce “a joint Acceleration Program for growth-stage Insurtech startups.” The Isle of Man is “a globally recognized insurance center, with insurance representing the biggest financial services sector on the Island, encompassing a wealth of knowledge and… Read More

July 29, 2022 @ 8:13 am By Omar Faridi  |  

Revolv3 announced that Rosecliff Ventures and an angel investor have invested $4.5 million via a seed round in the recurring billing solutions provider. Revolv3’s platform supports incremental profits for merchants by maximizing cards on file settlement rates for recurring billing transactions while also minimizing transaction… Read More

July 29, 2022 @ 8:05 am By Omar Faridi  |  

Paysend, the UK-headquartered Fintech with more than 7 million customers, announced a partnership with Damane Cash, a payments institution and subsidiary of Bank of Africa, to “enable money transfers to Morocco.” With features like low fixed fees, upfront exchange rates, faster transfer speeds and the… Read More

July 28, 2022 @ 11:47 pm By Omar Faridi  |  

Temenos (SIX: TEMN) and Wipro Limited (NYSE: WIT) announced an expanded partnership “to help banks of every size accelerate their modernization journey.” This expanded partnership will “enable banks across varying scales to accelerate their go-to market strategies in regions including the United States, the U.K… Read More

July 28, 2022 @ 11:07 pm By Omar Faridi  |  

Atato, a licensed digital asset custodian offering MPC custodial solution aimed at corporates and institutions, announced the close of their successful Series A round, “affirming bullish sentiment for infrastructure projects in blockchain-related markets.” Led by AlphaLab Capital and FEBE Ventures, Atato’s Series A investment round… Read More

July 28, 2022 @ 10:47 pm By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading open banking platform, announced the availability of TrueLayer Payments for WooCommerce plugin, “enabling ecommerce SMBs to seamlessly add instant, secure account-to-account payments to their website.” Luxury watch retailer BQ Watches is one of “the first businesses to implement… Read More

July 28, 2022 @ 10:08 pm By Omar Faridi  |  

Fairown, a green Fintech company, announces the launch of its platform in Poland, “marking the expansion into Central Europe.” The company that enables the circular economy by helping banks, brands, and retailers offer products as a service is “bringing its offer to the Polish market… Read More

July 28, 2022 @ 10:06 pm By JD Alois  |  

Smartphones have become the operating systems of our existence. Today, you need your iPhone or Android phone to accomplish many different tasks, including managing money. This also includes the growing number of crypto and neo-banking Apps. Yesterday, Sherrod Brown, a Democrat Senator from Ohio who… Read More