March 15, 2022 @ 11:10 am By Omar Faridi  |  

Encompass Corporation, the provider of “intelligently” automated Know Your Customer (KYC) solutions, recently confirmed the completion of a £25 million raise. Perennial Partners, an Australian investment management firm, reportedly served as the lead investor, and was joined by financial services focused principal investing company, Serendipity… Read More

March 15, 2022 @ 11:08 am By JD Alois  |  

Last week, the White House issued an Executive Order on digital assets that outline an approach to regulating the emerging industry. While many details remain to be disclosed, and multiple agencies will be involved in building a regulatory strategy, the crypto industry was relieved that… Read More

March 15, 2022 @ 9:57 am By JD Alois  |  

Michele Korver has joined a16z Crypto as its new Head of Regulatory. According to a note from a16z, Korver has a reputation as the DOJ [Department of Justice] “crypto czar” having spent more than 25 years in government and law enforcement. Korver started her career… Read More

March 15, 2022 @ 9:38 am By JD Alois  |  

PostNord Strålfors, part of the PostNord Group, has partnered with European open banking provider Tink, a company that was recently purchased by Visa. PostNord Strålfors operates in the Nordic region and offers corporate communication management and services. The company reports that it is the largest… Read More

March 15, 2022 @ 9:24 am By Omar Faridi  |  

The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More

March 15, 2022 @ 9:07 am By JD Alois  |  

Crypto exchange Bitstamp has hired James Greenwood as Chief Technology Officer. Greenwood is a former banker having worked for both traditional and digital platforms. According to a statement from the company, Greenwood’s most recent position was as Chief Product Officer at Zand Bank (UAE), where he… Read More

March 15, 2022 @ 8:39 am By Omar Faridi  |  

Gretel, a Fintech firm which allows financial services providers to quickly and seamlessly reconnect their clients with lost insurance products, banking accounts, pensions, savings and other investments, recently revealed that it has acquired $1 million in pre-seed funding – which was led by Insurtech Gateway… Read More

March 15, 2022 @ 8:35 am By Omar Faridi  |  

CaixaBank, the financial group in Spain, and BNP Paribas 3 Step IT have announced a new partnership, giving CaixaBank’s professional clients “access to innovative and sustainable IT solutions for the first time.” As noted in the update, CaixaBank will offer its clients – corporate, mid-market,… Read More

March 15, 2022 @ 5:00 am By JD Alois  |  

Bitstamp is reporting that it has implemented Notabene’s solution for regulatory compliance under FATF’s global Travel Rule regulations across the US, EU, and Singapore. Notabene is a Regtech Software-as-a-Service solution provider that is headquartered in New York with offices around the world. The Financial Action… Read More

March 15, 2022 @ 1:27 am By Omar Faridi  |  

CarNow, the automotive industry’s digital retailing firm, recently announced a partnership with Cion Digital, offering clients a way to purchase and finance vehicles using cryptocurrency via “an integration with CarNow’s Real-Time Retail™ platform.” Cion Digital’s “ready-to-deploy” modular payments and lending platform offers firms with access… Read More

March 15, 2022 @ 12:56 am By Omar Faridi  |  

Parpera, a money management platform for sole traders, freelancers, and startup founders, has launched Australia’s “first” embedded finance business experience “using a debit card linked directly to deposit accounts,” in partnership with Railspay (the Australian arm of Railsbank) and Volt. The Parpera Business Debit Mastercard… Read More

March 14, 2022 @ 11:17 pm By Omar Faridi  |  

Malaysia Debt Ventures (MDV), a subsidiary of the Minister of Finance (MOF) and dedicated tech financier, is reportedly establishing a pilot fund valued at RM500,000 to be invested through Funding Societies, a Southeast Asia-based SME digital financing platform. This move intends to reach underserved companies,… Read More

March 14, 2022 @ 11:01 pm By Omar Faridi  |  

Nearly three years after selling off payments firm SafeCharge for $889 million, Teddy Sagi is launching a company called Pay.com. The firm was established in 2021 by Sagi and Tom Vaknin and they have reportedly been joined by Assaf Cohen, who has worked as Vice… Read More

March 14, 2022 @ 10:48 pm By JD Alois  |  

Binance has received a crypto asset license from the Central Bank of Bahrain (CBB), according to the crypto exchange. This is Binance’s first digital asset-specific license. The company said approval by the CBB demonstrated its commitment to being in regulatory compliance as the first of… Read More

March 14, 2022 @ 10:26 pm By Omar Faridi  |  

MUFG Bank (NYSE:MUFG) recently revealed that it intends to invest as much as $300 million in middle- to late-stage Indian startups via the newly established MUFG Ganesha Fund. In the foreseeable future, MUFG stated that it would plan to strategically leverage its group strengths in… Read More

March 14, 2022 @ 7:33 pm By Omar Faridi  |  

Cross-chain staking platform Stader Labs has reportedly finalized its CoinList sale, securing $23 million from 40,000 digital wallets. This brings the total acquired by the firm to $40 million from public and private sales. As noted in an update shared with CI, the level of… Read More

March 14, 2022 @ 6:59 pm By JD Alois  |  

The US Department of Labor has issued a “compliance assistance release” about 401K retirement plans and investment in cryptocurrencies. According to the DOL, they have become aware of firms offering this option to savers and cautions plan fiduciaries to “exercise extreme care before they consider… Read More

March 14, 2022 @ 6:25 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) has reportedly instructed Paytm Payments Bank to stop onboarding new clients and to also hire an IT audit company while citing “supervisory concerns.” In an official statement, the RBI stated that Paytm Payments Bank should stop taking on new… Read More

March 14, 2022 @ 6:22 pm By JD Alois  |  

Chainalysis, a leading blockchain/crypto monitoring and data platform used by both private and public entities, shared last week that they are building tools that “make it easier for any organization to integrate sanctions screening for cryptocurrencies into their existing operation.” As has been previously reported,… Read More

March 14, 2022 @ 6:03 pm By Omar Faridi  |  

KurateDAO, a database developed on the blockchain, recently announced the close of its $6.85 million seed funding round, which was reportedly led by Polychain Capital. KurateDAO’s mission is to “use economic incentives to curate the world’s information.” Established this year, KurateDAO sees today’s “one size… Read More