March 30, 2022 @ 5:02 pm By JD Alois  |  

  SEC Commissioner Hester Peirce has posted a dissenting opinion regarding the rule proposal addressing SPACs. As was previously reported, the Securities and Exchange Commission has issued a 372-page proposal for new rules pertaining to Special Purpose Acquisition companies [SPACs]. SEC Chairman Gary Gensler described… Read More

March 30, 2022 @ 4:18 pm By Omar Faridi  |  

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, and Sproutfi, a “social-first” investment platform which provides securities via its affiliate Northbound Securities LLC, has announced a partnership in order to expand “affordable access to investing in the U.S. markets to everyone in Latin… Read More

March 30, 2022 @ 4:14 pm By JD Alois  |  

A report from earlier today should come as no surprise as it is being predicted that Apple (NASDAQ:APPL) will move deeper into digital financial services or Fintech. According to Bloomberg, a person with knowledge of the matter said that Apple is building its own payments… Read More

March 30, 2022 @ 3:30 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a statement proposing new rules impacting Special Purpose Acquisition companies or SPACs. The recent rise in the number of SPACs being utilized to bring a company public with less disclosure than a traditional initial public offering has… Read More

March 30, 2022 @ 3:06 pm By Omar Faridi  |  

Blockchain gaming firm Cross The Ages (CTA) has announced a successful $12 million seed round, with investors including Animoca Brands, Ubisoft, Polygon and Sebastien Borget, Co-Founder and COO of The Sandbox. Covering the virtual and physical worlds, Cross The Ages Universe claims that it is… Read More

March 30, 2022 @ 3:04 pm By Tony Zerucha  |  

Yokoy, a spend management automation platform, has raised an $80 million Series B round, the company announced today. It was led by Sequoia Capital, with participation from Speedinvest, Visionaries Club, Zinal Growth, and existing investors Balderton Capital, Six FinTech Ventures, Left Lane, and Swisscom Ventures…. Read More

March 30, 2022 @ 3:02 pm By Omar Faridi  |  

Ten emerging tech firms have been chosen to participate in the 2022 Fintech Innovation Lab New York, which is a 12-week program “founded and run by Accenture (NYSE: ACN) and the Partnership Fund for New York City.” The program aims to assist early- and growth-stage… Read More

March 30, 2022 @ 12:29 pm By JD Alois  |  

Bitcoin, Ethereum, and other cryptocurrencies have recently experienced a solid rise in price. Bitcoin, the world’s most popular crypto is up by around 10% just this week. This week,  Noelle Acheson, Head of Market Insights at Genesis, shared her opinion on the bullish crypto market. Acheson… Read More

March 30, 2022 @ 11:57 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), a vitally important entity for global securities markets, has announced two new Board members while pointing to their Fintech experience. DTCC has been deeply engaged in researching new technology, including blockchain, as it seeks to maintain relevance in… Read More

March 30, 2022 @ 11:32 am By Omar Faridi  |  

Multiverse Computing, a key player in quantum computing solutions for the financial industry and beyond, recently announced that it has submitted 22 patents from its research efforts in 2021, “demonstrating its intention to continuously innovate in quantum technology as well as protect the company’s intellectual… Read More

March 30, 2022 @ 10:19 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a Fintech powering instant payout and digital banking solutions for the gig workforce, recently announced the expansion of its collaboration with Visa (NYSE: V) in the US. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with… Read More

March 30, 2022 @ 10:17 am By Tony Zerucha  |  

Medius, a provider of accounts payable (AP) automation solutions, announced the acquisition of OnPay Solutions, an invoice payments provider, for an undisclosed sum. The deal will enable Medius to integrate payment processing – AP automation’s “last mile” – directly into its source-to-pay platform, enhancing its customers’… Read More

March 30, 2022 @ 10:14 am By JD Alois  |  

The Financial Technology Association (FTA) has added MoneyLion to its roster of members. MoneyLion is a mobile banking app or neobank that provides services in partnership with MetaBank. The FTA advocates on behalf of the growing Fintech sector providing an important voice within the District… Read More

March 30, 2022 @ 9:57 am By Omar Faridi  |  

Finastra recently published a market assessment report, titled “Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance.” The research canvassed the opinions of 1,600 senior industry executives, “exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail… Read More

March 30, 2022 @ 9:54 am By Tony Zerucha  |  

New York University Stern School of Business this week launched a global, one-year, part-time Master of Science in Fintech Program. Its goal is to provide working professionals with the skills and knowledge to lead in the increasingly technological finance sector. The first class will start… Read More

March 30, 2022 @ 9:30 am By JD Alois  |  

LendingClub (NYSE: LC), once a marketplace lender and now a digital bank, is reporting that it has topped 4 million “members” adding that the milestone arrives a bit over a year since it morphed into a regulated bank. Amber Carroll, Senior Vice President of Membership… Read More

March 30, 2022 @ 9:00 am By JD Alois  |  

Upgrade, a Fintech that provides online loans and cards to consumers, has enlisted its 100th credit union, according to a corporate statement. The milestone arrived with the addition of Northwoods Credit Union. Upgrade explains that these partnerships let credit unions purchase loans and card receivables… Read More

March 30, 2022 @ 8:29 am By JD Alois  |  

Yesterday, the Banca D’Italia or Bank of Italy – the country’s central bank – issued a statement banning N26 from accepting new customers. The central bank said that the decision follows an on-site inspection that “revealed significant shortcomings in respect of anti-money laundering.” The Bank… Read More

March 30, 2022 @ 8:10 am By Omar Faridi  |  

FTX Europe recently announced the appointment “per October 1st, 2022” of Dr. Marcel Lötscher, LL.M. MBA, to the newly created position, Head of Regulatory Strategy. Lötscher is being hired to continue FTX’s global expansion into Europe and the Middle East, “giving users in European Economic… Read More

March 30, 2022 @ 8:08 am By Tony Zerucha  |  

This week, cloud banking platform Temenos announced a collaboration with Mastercard that will help banks accelerate their introduction of Request to Pay services in the United Kingdom. This new initiative combines pre-composed solutions on the Temenos Banking Cloud with market-certified Mastercard services, making it more… Read More