May 5, 2022 @ 5:37 pm By Omar Faridi  |  

Amadis, a payment software and consulting provider, has announced a partnership agreement with Softpay.io in order to offer its Universal EMV Level 2 Framework & pre-certified Kernels “for integration into Softpay’s new Tap-to-Pay service.” Softpay’s Tap-to-Pay service can be “downloaded into any Android device and… Read More

May 5, 2022 @ 3:56 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is out with a report warning about the interconnected risks of the global financial industry. As if we didn’t need something else to cause concern, DTCC says the nature of these risks continues to evolve occurring with greater… Read More

May 5, 2022 @ 3:44 pm By Omar Faridi  |  

Allen & Overy’s technology innovation hub, Fuse, has launched its sixth cohort with “a record number of technology companies.” This year, Fuse will host 16 businesses headquartered across the U.S. and Europe as it “reopens its physical space in A&O’s London office, which it will… Read More

May 5, 2022 @ 3:05 pm By JD Alois  |  

The two largest national securities crowdfunding associations in Europe, Financement Participatif France (FPF) and Bundesverband Crowdfunding e.V. (Germany) have issued a joint statement requesting that the European Commission extends the deadline for the transition to pan-European crowdfunding rules. The request for an extension has been… Read More

May 5, 2022 @ 2:46 pm By JD Alois  |  

The US House Committee on Financial Services has distributed its May Committee schedule. Several hearings of note are on the list. First, on May 11th at 10 AM ET, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a hybrid hearing entitled,… Read More

May 5, 2022 @ 2:38 pm By Omar Faridi  |  

The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

May 5, 2022 @ 11:33 am By JD Alois  |  

Employee stock option funding platform Equitybee has announced a corporate rebranding of the company. According to a release, the “new visual identity” aligns with the transformation that is taking place across the organization. Equitybee did not indicate a name change. The company states that this… Read More

May 5, 2022 @ 11:25 am By JD Alois  |  

Carta, a digital platform that helps companies manage their cap tables, create valuation estimates, issue digital securities, and more, has partnered with Republic. Republic is one of the largest securities crowdfunding platforms in the US that continues to launch a growing number of verticals in… Read More

May 5, 2022 @ 10:53 am By JD Alois  |  

COVID, war, inflation, rising interest rates … the global economy is being hammered from multiple directions right now. After years of calm sailing, a global pandemic marked a dramatic change in markets that have endured a growing list of geopolitical and economic challenges. Like all… Read More

May 5, 2022 @ 10:30 am By JD Alois  |  

Binance, the largest crypto exchange in the world, is now registered with the French Autorité des Marchés Financiers (AMF) as a digital asset service provider (DASP). According to the AMF, Binance France is registered to offer: Digital assets custody Purchase/sale of digital assets for legal… Read More

May 5, 2022 @ 10:14 am By JD Alois  |  

BPC will help Mexican company Up Sí Vale by providing end-to-end payment services, according to a statement by the company. Up Sí Vale is a prepaid card issuer serving over 4 million customers throughout Mexico.  Up Sí Vale offers a range of prepaid “all-in-one” services… Read More

May 5, 2022 @ 9:24 am By JD Alois  |  

Keewe, a French Fintech in the eco sector, has raised €1.25 million for its mission to support SMEs and carbon reduction. The capital infusion cam from “selected business angels,” including Guillaume Amblard, (also Ledger, Lendable) and former head of trading and quantitative research at BNP… Read More

May 5, 2022 @ 9:10 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More

May 5, 2022 @ 8:41 am By JD Alois  |  

  Binance, the world’s largest crypto exchange, is part of a long list of big investors who have committed capital to Elon Musk’s acquisition of Twitter (NYSE:TWTR). According to a filing with the Securities and Exchange Commission (SEC), Binance has promised $500 million in equity… Read More

May 5, 2022 @ 7:53 am By Omar Faridi  |  

Scalapay, a European Buy Now – Pay Later provider, has announced a $27 million investment from Poste Italiane, which is Italy’s largest service infrastructure network and claims to be one of the largest payment card issuers in Europe, in a Series B extension. Scalapay is… Read More

May 5, 2022 @ 7:52 am By Omar Faridi  |  

Citi (NYSE: C) has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, “further increasing the bank’s global Instant Payments offering.” The launch will provide clients with the ability “to pay to and receive from 36 SEPA countries instantly.” The offering… Read More

May 5, 2022 @ 7:50 am By Omar Faridi  |  

Deutsche Börse is reportedly expanding the market data offering on its Cloud-powered online analytics platform A7 in order to include historical market data from international derivatives marketplace CME Group. The two companies have reached a licensing agreement, which will allow market participants to test out… Read More

May 4, 2022 @ 11:41 pm By Omar Faridi  |  

Simplii Financial has launched a new online and mobile banking feature for clients, “enabling recurring and future-dated Interac e-Transfer® transactions to be set up or scheduled up to five years into the future.” Vineet Malhotra, Head, Simplii Financial, stated: “Our clients have been asking for… Read More

May 4, 2022 @ 11:35 pm By Omar Faridi  |  

Early Warning Services, LLC, announces Verify Identity, a synthetic identity fraud detection solution “for qualifying financial services organizations (FSOs), mobile network providers, corporations and government entities.” This new technology service combines predictive scoring with rules-based solutions “to determine the likelihood that a prospective customer is… Read More

May 4, 2022 @ 10:47 pm By Omar Faridi  |  

Biometrics firm, Fingerprint Cards AB and Mswipe, which claims to be one of India’s leading end-to-end digital enablers for SMEs will collaborate and “bring biometric debit and credit card to India, targeting 940 million active payment card customers.” Further, Fingerprint’s “proven” biometric technology along with… Read More