April 28, 2022 @ 12:10 am By Omar Faridi  |  

Financial institutions can access a “curated” set of Fintech solutions that can help them reach new customers, “operate more efficiently” and compete “more effectively” via the launch of AppMarket from Fiserv (NASDAQ: FISV), an international provider of payments and financial services tech solutions. The Fintech… Read More

April 27, 2022 @ 11:04 pm By Omar Faridi  |  

Celer Network, a multi-chain operating system, recently announced the mainnet launch of its inter-chain messaging (IM) framework. The mainnet launch is the culmination of years of collaboration and refinement that “brings to the market a bespoke, user-friendly framework that fundamentally changes how multi-blockchain decentralized applications… Read More

April 27, 2022 @ 10:37 pm By JD Alois  |  

  Finbots.AI, an “Artificial Intelligence-envisioned” firm for financial services, has raised $3 million in a Series A round funded by a single investor – Accel. The VC made the investment via its Fund VII and is said to be the first external investment Finbots.AI has raised…. Read More

April 27, 2022 @ 10:25 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) will hold a public roundtable on May 25, 2022, to discuss issues related to intermediation in derivatives trading and clearing. Non-intermediation and the discussion on this topic will probably address distributed ledger technology and the advent of DeFi or… Read More

April 27, 2022 @ 10:00 pm By Omar Faridi  |  

FT Partners recently shared their Q1 2022 Fintech Insights Report. As noted in the update from FT Partners, it has been a record year for financing in Fintech. The firm is internationally known for its expertise in the Fintech industry. FT Partners has associations with… Read More

April 27, 2022 @ 7:12 pm By Omar Faridi  |  

Eventus, which claims to be a leading international provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM, a global cryptocurrency exchange, announced that FTX has contracted with Eventus “to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all… Read More

April 27, 2022 @ 6:54 pm By Omar Faridi  |  

PayByCar, Inc., the mobile payments Fintech responsible for offering pay-by-text payments at gas stations across Massachusetts, has confirmed the completion of a $4 million seed round of funding. Anand Raman, President, and co-founder of PayByCar, stated: “Following a string of successes since our 2020 pre-seed… Read More

April 27, 2022 @ 6:52 pm By Omar Faridi  |  

Newcastle-headquartered Fintech firm, ION is pleased to confirm that they have joined Stripe’s Partner Ecosystem (SPE), becoming a key partner with Stripe, an international tech firm that is focused on building payments infrastructure for the Internet. As an endorsement of the collaboration, Stripe has appointed… Read More

April 27, 2022 @ 6:50 pm By Omar Faridi  |  

Baker McKenzie is introducing the Fintech Counsel Fund in order to offer practical support to three selected financial technology firms as they focus on making a meaningful impact on the Fintech sector. Via the program, Baker McKenzie will be offering their three finalists with a… Read More

April 27, 2022 @ 6:46 pm By Omar Faridi  |  

Maple (MPL), an institutional crypto-capital marketplace powered by blockchain tech, recently announced its launch on the Solana blockchain. As mentioned in an update shared with CI, this launch reportedly makes Maple one of the first undercollateralized lending protocols on the Solana blockchain, “and the first… Read More

April 27, 2022 @ 6:41 pm By Omar Faridi  |  

CellPoint Digital, which claims to be a leading international provider of digital commerce and payment solutions, recently announced a partnership with global e-commerce platform for video gamers, MTC Game. An international retailer, MTC Game provides “an online platform for digital codes and services to gamers.”… Read More

April 27, 2022 @ 4:56 pm By JD Alois  |  

LendingClub (NYSE:LC) a digital bank with a focus on providing consumer snd commercial credit, has reported Q1 2022 earnings. According to the Fintech, revenue was reported at $289.5 million growing 174% year-over-year. Loan originations grew by 117%. Net income came in at $40.8 million compared… Read More

April 27, 2022 @ 4:39 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a global payments platform, has reported Q1 numbers of $6.483 billion versus same period last year of $6.033 billion – a 7% growth. Earnings per share (EPS) came in at $0.88 compared to $1.22 in Q1’21. GAAP was pegged at an EPS of… Read More

April 27, 2022 @ 4:20 pm By Omar Faridi  |  

RBC Clearing and Custody (RBC C&C), a division of RBC Capital Markets, LLC, recently confirmed the launch of RBC Nexus, a unified tech platform and secure entry point for independent broker-dealers and registered investment advisors. RBC Nexus is reportedly the only platform financial professionals require… Read More

April 27, 2022 @ 2:07 pm By Omar Faridi  |  

Personetics, which claims to be the leading provider of financial data-driven personalization, customer engagement, and advanced money management capabilities for financial institutions, recently announced the launch of Sustainability Insights. This offering, included within the Personetics engagement platform, will help banking institutions meet growing customer demand… Read More

April 27, 2022 @ 1:05 pm By Omar Faridi  |  

Permission.io, which claims to be the “leading” provider of permission-based Web3 advertising, announced that it’s migrating away from its own proprietary blockchain to Polygon, the “preeminent” Ethereum scaling solution with over 100 million “unique users.” The migration is the company’s first in “a series of… Read More

April 27, 2022 @ 12:42 pm By JD Alois  |  

Oddity, a consumer beauty and wellness firm that boasts more than 30 million users, will be issuing a security token leveraging the Securitize platform. In a release, Oddity said that a digital security will provide a “new way for investors to participate in the strong… Read More

April 27, 2022 @ 12:21 pm By JD Alois  |  

  Recently, the Consumer Financial Protection Bureau (CFPB), along with the New York Attorney General, filed a lawsuit against MoneyGram (NASDAQ: MGI), claiming the payments and transfers firm was leaving “families high and dry.” CFPB Director Rohit Chopra claimed that MoneyGram “spent years failing its… Read More

April 27, 2022 @ 11:51 am By JD Alois  |  

Digital lender Sonovate, a firm that provides invoice finance and technology services, has announced a new embedded finance offering providing cloud-based, lending APIs. Sonovate states that its “enterprise-grade” invoice platform can provide instant funding decisions, increased automation, enhanced reporting, and more for businesses that utilize… Read More

April 27, 2022 @ 11:32 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) has announced it will cut employees by around 9%. The news arrives at a time when shares in Robinhood are trading at or near an all-time low. Shares in Robinhood are hovering around $9.50 – far below its 52-week high of $85/share. In… Read More