June 13, 2022 @ 2:12 pm By JD Alois  |  

BlockFi, a leading digital asset firm providing various services to both retail and institutional customers, has announced that it will cut 20% of its workforce due to the challenging economic environment. The company is now refocusing its energy on profitability as opposed to just rapid… Read More

June 13, 2022 @ 1:50 pm By JD Alois  |  

Inter&Co, a Brazilian Fintech “Super App,” will trade on Nasdaq later this month. Inter&Co recently acquired US-based USEND as part of its transition. Inter claims the title as the first Brazilian digital bank to list its shares on B3 in Brazil in 2018 and it… Read More

June 13, 2022 @ 12:17 pm By Omar Faridi  |  

Huobi Global, a cryptocurrency exchange and blockchain solutions provider, recently announced its investment in Cube, a public chain that “provides innovative infrastructure for Web 3.0 and the metaverse.” The launch underscores Huobi Global’s strategy “to expand its Web 3.0 ecosystem.” Cube (formerly Cube Chain) is… Read More

June 13, 2022 @ 11:45 am By Omar Faridi  |  

MoneyGram, which claims to be an international “leader” in the evolution of digital P2P payments, and the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred globally,… Read More

June 13, 2022 @ 11:07 am By JD Alois  |  

The Charles Schwab Corporation (NYSE: SCHW) has commented on the settlement with the Securities and Exchange Commission (SEC) pertaining to Robo-advisor offerings and allegations of undisclosed fees and poor performance. Schwab stated via a release: “Schwab has resolved a matter with the SEC regarding certain… Read More

June 13, 2022 @ 11:00 am By Omar Faridi  |  

Sentinels, a Fenergo company and Europe’s intelligent transaction monitoring platform, has been appointed by payments fintech kevin. “to handle transaction monitoring compliance.” The relationship means kevin. now “detects suspicious transactions in real-time while ensuring compliance with local anti-money laundering (AML) regulations.” kevin.’s account-to-account (A2A) payment… Read More

June 13, 2022 @ 9:59 am By JD Alois  |  

BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi… Read More

June 13, 2022 @ 9:46 am By JD Alois  |  

Marcus Sotiriou, an Analyst at the UK-based GlobalBlock (TSXV:BLOK), believes the decline in crypto markets and the sinking value of Bitcoin is due to fear surrounding the insolvency risk – pointing a finger at Celsius, a large crypto platform that halted all withdrawals today without… Read More

June 13, 2022 @ 9:36 am By JD Alois  |  

The Securities and Exchange Commission (SEC) charged three Charles Schwab investment adviser subsidiaries for allocating client funds in a manner that their own internal analyses showed would be less profitable for their clients under most market conditions. Schwab has agreed to pay $187 million to… Read More

June 13, 2022 @ 9:24 am By Omar Faridi  |  

ComplyAdvantage, a global data technology company transforming financial crime detection, announced that Mark Watson has been “named as the company’s Chief Technology Officer and newest addition to the leadership team.” In his role, Mark will “lead all engineering and technical innovation efforts including the expansion… Read More

June 13, 2022 @ 8:23 am By JD Alois  |  

Changpeng Zhao (CZ), founder and CEO of Binance – the world’s largest crypto exchange has tweeted that Binance has “temporarily” halted withdrawals of Bitcoin. CZ said the pause was due to a technical glitch and all funds were safe – adding that things should be… Read More

June 13, 2022 @ 8:11 am By JD Alois  |  

There is a rush for the exits in the crypto markets it seems. Yesterday, Celsius – a “new economy” digital asset platform that provides services similar to banks but with crypto, announced it was halting all withdrawals, transfers, and swaps due to the collapsing market…. Read More

June 13, 2022 @ 7:29 am By Omar Faridi  |  

During an internal “All Hands” meeting held this past Thursday (June 9, 2022), the challenger stockbroking app, Freetrade, revealed that it will be implementing redundancies for around 15% of its staff members. Freetrade‘s management recently noted that it is planning to make up to 15%… Read More

June 13, 2022 @ 2:45 am By Omar Faridi  |  

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, recently announced it has signed a definitive agreement “to acquire the Global Reach Group, a UK-based cross-border payments provider.” With the acquisition, FLEETCOR increases its cross-border payments scale and strengthens its position “as one of… Read More

June 13, 2022 @ 2:17 am By Omar Faridi  |  

Scroll Finance, a “next-generation” Fintech offering “smart” financing solutions to homeowners, recently announced that Modulr, the embedded payments platform, will be powering its underlying payments infrastructure. The partnership will “enable Scroll to accelerate its mission to disrupt the homeowner financing sector in the UK.” Scroll… Read More

June 13, 2022 @ 1:22 am By Omar Faridi  |  

Dutch Fintech firm Factris recently acquired €10 million in capital following their partnership with NN Investment Partners (NN IP). This investment will be used to help finance trade-related invoices for European SMEs. Currently among the largest alternative factoring firms operating in the Netherlands, Factris has… Read More

June 13, 2022 @ 12:22 am By Omar Faridi  |  

Supporting Italian SMEs in their business projects of growth, development and competitiveness, taking advantage of the key opportunities offered by digital export: this is reportedly the purpose of the agreement made by Banca Sella and Business Vision, a firm focused on e-commerce development and an… Read More

June 12, 2022 @ 10:01 pm By Omar Faridi  |  

Nexi, the European Paytech, and Zuora, the Cloud-enabled subscription management platform provider, announced a partnership in the e-commerce sector: XPay, the gateway of Nexi for e-commerce, is now powered by payment services from Zuora. With Zuora, which powers the “full” quote to cash and revenue… Read More

June 12, 2022 @ 9:16 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, has teamed up with APEXX Global, the international payments orchestration platform, in order to offer Paysafe’s payment processing services to APEXX Global’s merchant base. Via this collaboration, APEXX Global will “support its merchants to scale globally by increasing… Read More

June 12, 2022 @ 9:00 pm By Omar Faridi  |  

Bud, an Open Banking Fintech established in 2015, recently completed its Series B round totaling $80 million. Bellis Phantom Holdco ltd, an indirect affiliate of investment funds managed by TDR Capital LLP, is reportedly the largest investor and has been followed by SEI investments along… Read More