July 21, 2022 @ 3:10 pm By JD Alois  |  

Neon, a Brazilian Fintech and digital bank, says it has raised $80 million for its first Credit Rights Investment Fund (FIDC). The credit card investment fund is focused on credit cards. Jamil Marques, CFO of Neon, said this 2nd fundraising by Neon endorses the strength… Read More

July 21, 2022 @ 2:53 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed insider trading charges against a former Coinbase (NASDAQ:COIN) manager Ishan Wahi along with his brother Nikhil Wahi, and his friend, Sameer Ramani. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York… Read More

July 21, 2022 @ 2:00 pm By Omar Faridi  |  

BitGo, which claims to be the leader in digital asset financial services, recently announced a partnership with the NEAR Foundation, which is reportedly among the “fastest growing,” carbon neutral, open source blockchains that “enables developers to easily build, test, and deploy applications.” The partnership “makes… Read More

July 21, 2022 @ 12:49 pm By Omar Faridi  |  

Residently has secured £4.5 million of funding to finally “bring renting into the modern age.” By digitizing the end-to-end customer experience in a $2 trillion market, Residently will “streamline operations for property owners and renters, reducing costs and delays throughout the full 360 rental experience.”… Read More

July 21, 2022 @ 11:54 am By Omar Faridi  |  

AQRU plc, an incubator specializing in decentralized finance (DeFi), announces that its wholly owned subsidiary, Accru Finance Ltd., has entered into a partnership with Sweden’s crypto company Quickbit eu AB (publ), in order to “bring its yield generating products to a wider audience.” Quickbit is… Read More

July 21, 2022 @ 11:43 am By JD Alois  |  

Anchorage Digital will be providing custody services for iHeartMedia and their new NFTs called the “Non-Fun Squad.” Anchorage is the first and only federally chartered digital asset bank providing services to other banks and large corporations. iHeartMedia is the media operator that includes radio stations… Read More

July 21, 2022 @ 11:29 am By Omar Faridi  |  

Plutus, the Visa debit card offering 3-8% in crypto cashback, recently announced its plans to further expand into the US neobanking sector. Plutus is a London-based Fintech providing crypto cashback rates and 20+ Perks “such as 100% back on Netflix, Spotify, and Prime.” Its user… Read More

July 21, 2022 @ 11:19 am By JD Alois  |  

The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) will partner on promotions and communications in the financial sector especially in light of the changing environment for offerings. The agreement notes specifically the need to partner on “the… Read More

July 21, 2022 @ 10:42 am By JD Alois  |  

Starling Bank, a leading UK digital bank, has reported its first full year profit as overall metrics improve. Anne Boden, founder and Chief Executive of Starling Bank, commented on the results: “With our first full year of profitability, we’ve placed ourselves firmly in a category… Read More

July 21, 2022 @ 9:47 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital “green” exchange licensed and regulated by the Monetary Authority of Singapore (MAS), announced the appointment of former Bank of England Senior Advisor Michael Sheren as President and Chief Strategy Officer (CSO) as the firm “strengthens its end-to-end suite of… Read More

July 21, 2022 @ 8:51 am By JD Alois  |  

Marqeta (NASDAQ: MQ)has been selected as the payment processor for Opal Plus, the new transit program for Transport for NSW (TfNSW). The New South Wales (NSW) transit program is being offered in partnership with Mastercard Prepaid Managed Services (MPMS). The NSW government is introducing Opal Plus,… Read More

July 21, 2022 @ 8:43 am By Omar Faridi  |  

UL Solutions, which claims to be global leader in applied safety science, announced its collaboration with Iliad Solutions, a company that helps test and launch payment solutions. The collaboration “combines independent third-party services from UL Solutions with Iliad’s testing platform to offer optional support features… Read More

July 21, 2022 @ 8:18 am By Omar Faridi  |  

Post-Brexit, FX brokers are losing business and money because they’re “not permitted to service EU-based clients,” the team at Currencycloud notes in a blog post. And when they want to expand to reach these markets, the cost and time it takes to seek regulation is… Read More

July 20, 2022 @ 11:00 pm By JD Alois  |  

CoinDCX, one of the largest crypto exchanges in India with over 13 million users, has hired former Amazon Pay executive Gaurav Arora as Senior Vice President, CoinDCX Pro. The company states that Arora will lead it to the next phase of growth bringing innovation to… Read More

July 20, 2022 @ 10:47 pm By Omar Faridi  |  

FairPlay, which claims to be the world’s first “Fairness-as-a-Service” solution for algorithmic decision-making, announced that it has raised $10 million in Series A funding. The investment round was “led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut… Read More

July 20, 2022 @ 10:10 pm By Omar Faridi  |  

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was “led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.” The additional capital “enables… Read More

July 20, 2022 @ 9:37 pm By Omar Faridi  |  

Swell Network, a permissionless, non-custodial, and liquid Ethereum (ETH) staking protocol, announced a partnership with InfStones, a blockchain infrastructure provider, “to enable greater flexibility, transparency, and yield in ETH liquid staking.” Swell is reportedly the first protocol that “allows stakers to select the node operator… Read More

July 20, 2022 @ 9:34 pm By JD Alois  |  

Last week in Brussels, the EU – U.S. Joint Financial Regulatory Forum took place where policy makers tackled various aspects of global financial services. EU participants included representatives of the European Commission, the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the… Read More

July 20, 2022 @ 9:08 pm By JD Alois  |  

British Virgin Islands-based Seven Seas has announced the forthcoming launch of its non-custodial DeFi investment strategies According to a release, the Seven Seas team combines smart contract developers, data scientists, and experts from traditional finance (TradFi), and decentralized finance (DeFi), to actively manage investment portfolios… Read More

July 20, 2022 @ 8:51 pm By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a referral partnership with Member Driven Technologies (MDT), a credit union service organization. MDT hosts the Episys® core platform from Symitar®… Read More