April 5, 2022 @ 1:16 am By Omar Faridi  |  

Qolo, the omnichannel payments platform for Fintech, recently announced a strategic partnership agreement with MX, a key player in open finance. Qolo and MX offer “fast-track” solutions to “help businesses, particularly neobanks and fintechs, stand up a core mobile banking experience.” This allows them to… Read More

April 4, 2022 @ 11:47 pm By Omar Faridi  |  

Organizations need to prepare for a quantum advantage as technological breakthroughs “accelerate the timeline for quantum adoption,” according to an update from Capgemini. As noted in an update shared with CI, quantum technologies “promise exponential speed-up over today’s best supercomputers and will bring to market… Read More

April 4, 2022 @ 11:12 pm By Omar Faridi  |  

Jia Finance, an online residential mortgage platform for foreign investors, is scaling its offering in the U.S. for international buyers and announcing its $5 million seed round. The Fintech startup uses the latest data analysis tech as well as AI and identity verification to make… Read More

April 4, 2022 @ 11:07 pm By Omar Faridi  |  

Syntropy, a Web3 connectivity firm, and Entain, which claims to be one of the largest sports betting and gaming companies, announced the successful implementation of Syntropy’s relay network with its “decentralized autonomous routing protocol (DARP), connecting the data centers across the globe.” Syntropy’s DARP technology… Read More

April 4, 2022 @ 10:37 pm By Omar Faridi  |  

During the COVID-19 pandemic in 2020, many businesses either started their first online marketing campaigns or scaled them “to make them more consistent,” the team at Razorpay notes. Not only that, many businesses “scaled the usage of SaaS tools and cloud servers that make operations… Read More

April 4, 2022 @ 10:27 pm By Omar Faridi  |  

Brightflag, the AI-enhanced legal operations platform, recently released several updates designed “to address the complex and varied budgeting requirements of corporate legal departments.” In combination with existing department-level budgeting and forecasting features, Brightflag’s versatile new matter-level controls “afford in-house legal professionals complete visibility and proactive… Read More

April 4, 2022 @ 10:17 pm By Omar Faridi  |  

PayMint, the Egypt-headquartered Fintech firm, has closed a seed funding round (of 7 figures) from AUR Fintech-which is a subsidiary of AUR Capital, in order to support PayMint’s business expansion plan in Fintech and SMEs’ financial inclusion in Egyptian markets. PayMint introduced its services back… Read More

April 4, 2022 @ 10:15 pm By Omar Faridi  |  

Although centralized crypto exchanges (CEXes) and decentralized crypto exchanges (DEXes) are often said to be in competition with each other, an executive from Huobi Ventures believes the opposite is true. During the annual Harvard Blockchain Conference held 27 March 2022, Huobi Ventures Investment Director HaiJing… Read More

April 4, 2022 @ 9:46 pm By JD Alois  |  

HM Treasury announced today that the UK government will acknowledge stablecoins as a form of valid payment. The government is expected to create legislation to bring stablecoins within the payments regulatory perimeter, creating conditions for stablecoins issuers and service providers to operate and invest in… Read More

April 4, 2022 @ 9:25 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to confirm its support for Bitcoin’s Lightning Network, which is “now live for all clients.” Traders now have “an instant and inexpensive way to move Bitcoin on and off the platform.” Going on to explain why you may use… Read More

April 4, 2022 @ 6:48 pm By JD Alois  |  

In remarks for the Penn Law Capital Markets Association Annual Conference, SEC Chairman Gary Gensler sent a clear warning to crypto exchanges and other marketplaces that trade in crypto. Gensler explicitly stated that he has asked staff to review how the Securities and Exchange Commission… Read More

April 4, 2022 @ 5:51 pm By Omar Faridi  |  

For many consumers and small business owners, the result of one or more overdraft fees can be “devastating.” To address this issue, First Internet Bank has announced that it is “removing overdraft fees on personal and small business deposit accounts.” This change has been made… Read More

April 4, 2022 @ 4:03 pm By JD Alois  |  

Jamie Dimon’s annual letter to JPMorgan (NYSE:JPM) shareholders is out today. Dimon, probably the most respected bank CEO on Wall Street, crafts a shareholder letter each year where he shares his opinion and perspective on the financial services industry, challenges as well as opportunities. For… Read More

April 4, 2022 @ 3:30 pm By JD Alois  |  

Anyone who has gone through the mortgage application process understands the system is pretty broken. Beyond proof of financial ability, banks and other mortgage originators require many different documents to be reviewed and approved. A mortgage can take weeks, or months, to close – delays… Read More

April 4, 2022 @ 2:50 pm By JD Alois  |  

S&P Global has published a report on digital assets entitled the State of Consumer Cryptocurrency Adoption. According to S&Ps research, 20% of surveyed individuals have either purchased traded or received crypto – a solid percentage of the population. While awareness is growing, S&P adds that… Read More

April 4, 2022 @ 2:27 pm By Omar Faridi  |  

European Fintech bunq notes that you probably never met someone who “doesn’t like savings.” More savings, more money. It all sounds pretty good, the team at bunq writes in a blog post. It only gets “a bit more complicated when it comes to what you’re… Read More

April 4, 2022 @ 11:36 am By JD Alois  |  

Earlier this year, BitMEX announced its intent to acquire Bankhaus von der Heydt., a bank based in Munich, Germany. BXM Operations AG, founded by BitMEX CEO  Alexander Höptner and CFO Stephan Lutz, was expected to close on the acquisition of the bank at some point in 2022. Terms were not… Read More

April 4, 2022 @ 11:09 am By Omar Faridi  |  

This latest version of 1inch‘s mobile wallet will enable Android users “to take advantage of convenient token swaps at the most competitive rates, as well as other functionality.” The 1inch Wallet for iOS, launched last April, “turned out to be absolutely successful with users, and… Read More

April 4, 2022 @ 11:06 am By JD Alois  |  

Exabel and Gridwise are partnering to provide Gridwise Analytics for Investors. Exabel, a data and analytics platform for investment teams. Gridwise is said to be the largest and only “first-party ground-truth level dataset on how people and goods are moving across the gig mobility economy.”… Read More

April 4, 2022 @ 10:42 am By Omar Faridi  |  

The team at PeerBerry notes that we have already seen and have already been there (when remembering all the panic during the first wave of Covid in March 2020). But on the other hand, “nothing compares with the current events,” the team at PeerBerry wrote… Read More