June 21, 2022 @ 11:11 pm By Omar Faridi  |  

Secondary Market activity on Bondora increased for the first time since March 2022, “marking a turn in the tide.” It grew by 21.5% to €182,665 transacted. Manual transactions “remain the strongest category.” In May, all the categories increased, the team at Bondora noted. Portfolio Manager… Read More

June 21, 2022 @ 10:17 pm By Omar Faridi  |  

Héctor Grisi will assume the CEO role at Banco Santander (NYSE: SAN) on 1 January 2023, “following a transition period, subject to customary approvals.” Mr. Álvarez will “remain on the board and serve as non-executive vice chair.” Mr. Grisi joined Santander in 2015 as CEO… Read More

June 21, 2022 @ 8:04 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be the leader in virtual payments, recently announced the launch of its global She’s Next initiative in the United Arab Emirates in order to economically empower women entrepreneurs. The initiative has been introduced with assistance from First Abu Dhabi… Read More

June 21, 2022 @ 6:41 pm By JD Alois  |  

Knight Dragon Investments Limited has announced the tokenization of a central London property with an expected market valuation of £140 million. Issued by its subsidiary, KD Tokens Limited, the digital asset represents an economic interest in the Upper Riverside Development located at the corporation’s ten… Read More

June 21, 2022 @ 6:18 pm By Omar Faridi  |  

Pure IT Credit Union Services, a technology CUSO, has received a $6.8 million investment from several credit unions and credit union service organizations (CUSO). These organizations decided to invest in Pure IT as an established partner to further the alignment of IT resources with financial… Read More

June 21, 2022 @ 4:59 pm By JD Alois  |  

Republican members on the US Senate Banking Committee have requested more information from the Securities and Exchange Commission (SEC) regarding the Commission’s proposal to require reporting companies to disclose their climate impact. In a letter addressed to SEC Chairman Gary Gensler, signed by the 12… Read More

June 21, 2022 @ 4:01 pm By JD Alois  |  

Senator Cynthia Lummis and Representative Patrick McHenry, along with several other elected representatives, have sent a letter to Michael Regan,  the Administrator ot the Environmental Protection Agency (EPA), telling the official to consider the benefits of crypto mining before considering any regulation that could impact… Read More

June 21, 2022 @ 2:17 pm By Omar Faridi  |  

Kofax, a supplier of Intelligent Automation software for digital workflow transformation, recently announced it has acquired Tungsten Corporation, a global B2B e-invoicing network that “facilitates and streamlines complex invoice-to-pay processes.” Tungsten provides a platform “for onboarding of suppliers, PO exchange, invoice processing, e-invoicing, compliance and… Read More

June 21, 2022 @ 1:24 pm By Omar Faridi  |  

Nearly all crypto tokens fall into one of two categories: Layer 1s and Layer 2s, according to an update from Chainalysis. Chainalysis writes in a report that Layer 1s are tokens “with their own blockchains, while Layer 2s are built on top of Layer 1… Read More

June 21, 2022 @ 11:34 am By JD Alois  |  

Compass (NYSE: COMP), a digital real estate listing platform, and Redfin (NASDAQ: RDFN) a similar platform have both slashed employee headcount as the economy teeters on the brink of recession. Redfin is cutting employees by 8% while Compass is reducing jobs by 10%. The two… Read More

June 21, 2022 @ 11:07 am By JD Alois  |  

Securities and Exchange Commission (SEC) “Fintech specialist” Neel Maitra has joined the law firm of Wilson Sonsini Goodrich & Rosati in Washington, DC. According to the law firm, Maitra will be a member of Wilson Sonsini’s securities regulatory and complex transactions group. While at the SEC’s… Read More

June 21, 2022 @ 11:05 am By Omar Faridi  |  

Mortgage brokers can now get a decision in principle (DIP) a lot faster with Nationwide as the Society improves its API tech in partnership with mortgage tech company Twenty7Tec. The service will see brokers only having “to re-key minimal data into the Nationwide for Intermediaries… Read More

June 21, 2022 @ 10:19 am By Omar Faridi  |  

Lithuania’s borderless financing platform Debitum recently shared its annual financial report. The team at Debitum noted that they are happy that the number of registrations “reached 8360 at the end of 2021.” This means “an increase of 41%,” the company revealed while adding that it… Read More

June 21, 2022 @ 8:37 am By Omar Faridi  |  

European lender EstateGuru notes that their investors backed nearly €20.0 million worth of loans in May of 2022. The “best-performing” market was Estonia (€7.0M), “followed by Lithuania (€5.0M) and Finland (€3.6M).” As EstateGuru predicted last month, repayments “improved during May.” Their borrowers “paid back €14.6M… Read More

June 21, 2022 @ 8:36 am By JD Alois  |  

CoinShares has announced the availability of two new exchange traded products (ETPs): MATiC and Cosmos. Coinshares noted that both ETPs are staked and physically backed providing exposure to the digital assets as well as an additional yield of 5%. Frank Spiteri, Chief Revenue Officer at… Read More

June 21, 2022 @ 8:24 am By JD Alois  |  

Recently the Open Banking Implementation Entity (OBIE) reported that there were a record number of API calls in May of over 1 billion along with 6 million users and 5 million open banking payments. The OBIE noted that 64% of UK consumers claim their level… Read More

June 21, 2022 @ 8:04 am By JD Alois  |  

Earlier today, Goldman Sachs upped their expectations for a recession in the not-so-distant future raising the probability to 30% from 15%. Goldman is not alone in predicting a recession that would bring more economic pain to everyone. A survey distributed today appears to indicate that… Read More

June 21, 2022 @ 7:46 am By Omar Faridi  |  

  Deloitte reportedly has the highest number of open positions with 144 crypto-related vacancies in the last seven days, “followed by ex-Twitter CEO Jack Dorsey’s Block (formerly Square) and Cash App with 59 and 24 new crypto-related roles in the last seven days, respectively,” according… Read More

June 21, 2022 @ 7:35 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, notes that their commitment is to help investors “access great risk/return lending opportunities, while at the same time supporting experienced SME property developers and small construction companies unlock funding to build more homes.” Blend Network‘s experienced lending… Read More

June 21, 2022 @ 3:17 am By Omar Faridi  |  

Steven, which keeps track of costs shared between friends and family, and are on a mission be the “number 1 solution” for controlling your personal finances in Sweden and in their target markets, has secured 114% (€685,470) of its €600,000 target (at the time of… Read More