July 11, 2022 @ 11:13 am By JD Alois  |  

  On Saturday, Coinflex, another crypto trading and yield platform, posted another update on their bleak situation. In June, Coinflex announced that it was temporarily halting all withdrawals as well as trading due to crypto market volatility. Initially, expectations were for t reading to resume… Read More

July 11, 2022 @ 9:42 am By JD Alois  |  

The Bank for International Settlements (BIS) has issued a report on the interoperability of central bank digital currencies or CBDCs. While few countries have issued a CBDC, just about all developed countries, and some developing ones, are investigating the possibility of migrating fiat to a… Read More

July 11, 2022 @ 9:17 am By Omar Faridi  |  

Fy!, which claims to be on a mission to help everyone “feel great” about their home – “disrupting” a £600 billion market along the way, has secured 103% (£2,899,068) of its £2,810,003 target from 688 investors via Seedrs, with 7 days left in the firm’s… Read More

July 11, 2022 @ 9:02 am By Omar Faridi  |  

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

July 11, 2022 @ 8:43 am By Omar Faridi  |  

Binance.US, the U.S. partner to the world’s largest crypto exchange and “America’s home” to buy, sell, trade, convert and stake digital assets, recently announced the appointment of Jasmine Lee, a seasoned financial services and technology executive, as Chief Financial Officer. In this role, Jasmine will… Read More

July 11, 2022 @ 8:15 am By Omar Faridi  |  

Via Enfuce’s “turnkey” service, NBX can offer credit and debit cards “with loyalty-boosting crypto rewards.” NBX, which claims to be the “leading” Nordic crypto exchange, has selected Enfuce, one of Europe’s major Fintech companies, “as its card service provider.” The partnership allows NBX “to offer… Read More

July 11, 2022 @ 8:12 am By Omar Faridi  |  

The Financial Stability Board (FSB) published for public feedback a report on “the approach for monitoring progress toward meeting the targets for the G20 Roadmap for Enhancing Cross-border Payments.” The report provides preliminary recommendations “about key performance indicators (KPIs) that could be used to monitor… Read More

July 11, 2022 @ 2:00 am By JD Alois  |  

Anchorage Digital Weathers Crypto Storm Crypto lending and yield platforms have garnered a lot of attention lately due to the troubles at firms like Three Arrow Capital (3AC), Voyager Digital, and Celsius Network. The first two have filed for bankruptcy/liquidation. Celsius remains a bit of… Read More

July 11, 2022 @ 1:27 am By JD Alois  |  

Tide, a Fintech providing banking services to small businesses, has issued a warning that the UK could be in store for a challenging business environment as one in five small business owners may not make it through the year. According to a survey of 1000… Read More

July 11, 2022 @ 1:07 am By Omar Faridi  |  

Fintech Group Fiinu has reportedly had its shares admitted to trading on AIM, with a valuation of around £53 million. Fiinu has obtained its deposit-taking bank license from the Bank of England (BoE). The issuing of the bank license/authorization from the Prudential Regulation Authority (PRA)… Read More

July 11, 2022 @ 12:49 am By Omar Faridi  |  

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to… Read More

July 10, 2022 @ 11:47 pm By Omar Faridi  |  

Delio (CEO James Jung), which claims to be a leader in digital asset finance in South Korea, has launched a Crypto Bank service and expanded its business into offering virtual banking services. Since its founding in 2018, Delio claims it has been “leading the Korean… Read More

July 10, 2022 @ 11:07 pm By Omar Faridi  |  

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

July 10, 2022 @ 10:41 pm By Omar Faridi  |  

DEUNA, the commerce operating system that enables a “1-click checkout” buying experience and a sales network for digital commerce merchants, has raised $37 million in funding including a $30 million Series A round. The investment round was led by Activant Capital along with contributions from… Read More

July 10, 2022 @ 10:35 pm By Omar Faridi  |  

Intain Inc., a blockchain-enabled structured finance platform for issuers and investors to connect in an efficient, secure and trusted way, recently announced “the completion of a round of funding.” The funds will be used “to help scale Intain MARKETS, a structured finance marketplace scheduled for… Read More

July 10, 2022 @ 9:02 pm By Omar Faridi  |  

The Foundation for Interwallet Operability (FIO) has announced that cross-platform AI chatbot Alty has integrated the FIO Protocol. With this partnership, Alty’s 4.2 million+ users can “send, receive, and request any type of cryptocurrency using FIO Protocol-enabled functionality.” The FIO Protocol is “an open-source, decentralized… Read More

July 10, 2022 @ 8:59 pm By Omar Faridi  |  

OneMarketData, LLC, a key player in tick data management and analytics, recently announced that Linear Investments Ltd, the custody execution and clearing provider, has selected OneTick Trade Surveillance and OneTick Best Ex. The cross-asset, Cloud hosted deployment will “enable Linear to meet multiple regulatory requirements,… Read More

July 10, 2022 @ 6:54 pm By Omar Faridi  |  

FIA Tech, the tech provider to the exchange-traded derivative industry, recently announced the launch of FIA Tech’s Cash and Collateral reference data service. At launch, the data set will be “used by several global clearing firms that manage more than $120 billion of collateral held… Read More

July 10, 2022 @ 2:07 pm By JD Alois  |  

“AgTech bank” Oxbury Bank has raised an additional £20 million bringing its total raised to £68 million. Investors include Frontier Agriculture and Hutchinsons Group as well as existing tech investors Hambro Perks and Grosvenor Food & AgTech. Launching in February 2021, Oxbury reports having completed… Read More

July 10, 2022 @ 12:36 pm By Omar Faridi  |  

NXP Semiconductors (NASDAQ: NXPI) announced that it is working cooperatively with ING Bank N.V. on Project NEAR, which is ING’s pilot of the industry’s “first” UWB-based peer-to-peer payment app. The pilot program will “leverage UWB-enabled Samsung Galaxy smartphones1 to allow consumers to directly share money… Read More