March 7, 2022 @ 8:36 am By Omar Faridi  |  

UK-headquartered cryptocurrency firm Mode has appointed ex- Alipay UK CEO Rita Liu to serve as the company’s Chief Executive. For more than 1o years, Liu has held key leadership roles at Fintech firm Alipay in Asia, the US, Canada and was CEO in the UK… Read More

March 7, 2022 @ 8:25 am By Omar Faridi  |  

PeerBerry business partner – real estate developer SIB Group – has “successfully closed the real estate project “Bukčiai” in Vilnius, the capital of Lithuania.” The real estate loan of €2 million plus interest rate €199,746 (total amount €2,199,746) was “repaid to PeerBerry investors on March… Read More

March 7, 2022 @ 7:56 am By Omar Faridi  |  

Software intelligence firm Dynatrace (NYSE: DT) announced that TSB Bank is using the Dynatrace platform to “accelerate innovation as it expands digital services for its customers.” TSB has built a multi-Cloud banking platform on AWS, IBM Cloud, and BT Cloud, to “support customers across all… Read More

March 6, 2022 @ 10:17 pm By Omar Faridi  |  

BigPay, a Capital A venture firm and virtual banking platform, announced the introduction of its all-digital loans issued by “BigPay Later”, which is a wholly owned subsidiary operating within the group and a digital money lending license holder. The personal product provided by BigPay Later… Read More

March 6, 2022 @ 10:00 pm By Omar Faridi  |  

We recently caught up with Abhinav R. Soomaney, Founder and CEO at CryptoTax Pvt. Ltd. He talked about different tax aspects of cryptocurrency and blockchain-related investments. CryptoTax Pvt. Ltd. (CryptoTax) was incorporated in the year 2021 and claims to be the first cryptocurrency tax consultancy… Read More

March 6, 2022 @ 9:19 pm By Omar Faridi  |  

Profile Software, the financial solutions provider, recently announced the selection of Axia by Cirdan Capital, a Fintech company in the UK (established in 2014), which mainly specializes in the issuance of structured investment products, in order to complete the proprietary tech of its platform. This… Read More

March 6, 2022 @ 7:46 pm By JD Alois  |  

There has been a fair amount of discussion regarding Russia using crypto to evade sanctions. First, crypto as a market is simply too small to be an effective tool for the Russian government to utilize it to mitigate the full impact of the economic blockade…. Read More

March 6, 2022 @ 6:32 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in the Philippines has reportedly granted crowdfunding permits to SeedIn Technology and Eastern Securities Development Corporation. The licenses should allow the business entities to serve as crowdfunding intermediaries and provide crowdfunding portals, offering the Southeast Asian country’s SMEs with… Read More

March 6, 2022 @ 6:28 pm By Omar Faridi  |  

Maybank recently revealed that it has introduced its digital home financing solution “Maybank Home2u” via its MAE app which is able to provide approvals within seconds and is available to existing and new clients. Supported by Maybank’s automated decisioning engine, the solution provides a fully… Read More

March 6, 2022 @ 6:00 pm By Omar Faridi  |  

The Dubai International Financial Centre (DIFC), a global financial center situated in the MENA and South Asia region, has issued a consultation paper “proposing to amend the Real Property Law, DIFC Law No. 10 of 2018.” The Proposed amendments will aim to “facilitate the administration… Read More

March 6, 2022 @ 5:54 pm By Tony Zerucha  |  

Alviere, an embedded finance technology platform, this week announced that AutoPayPlus, an automated loan payment service, has become its first auto industry client. AutoPayPlus offers car buyers and other consumers flexible payment options matched to their paychecks, which leads to better budgeting, prevents late fees,… Read More

March 6, 2022 @ 5:09 pm By JD Alois  |  

The Alumni Venture Group (AVG), previously operating as Launch Angels, has settled allegations leveled by the Securities and Exchange Commission (SEC) as well as securities regulators in both Massachusetts and New Hampshire. AVG is a Massachusetts LLC and its CEO Michael Collins is headquartered in… Read More

March 6, 2022 @ 4:25 pm By Omar Faridi  |  

Following a 2-year stint at TNG Digital, Ignatius Ong has reportedly decided to resign from his position as the CEO “effective 31st March 2022” because of personal reasons.. Ignatius had previously been appointed as the CEO back in 2019 in order to replace Syahrunizam Samsudin… Read More

March 6, 2022 @ 4:16 pm By Omar Faridi  |  

The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

March 6, 2022 @ 1:46 pm By JD Alois  |  

American Express (NYSE:AXP), Mastercard (NYSE:MA), and Visa (NYSE:V) have all halted operations in Russia following the country’s unprovoked invasion of Ukraine. The news of the three card issuers disabling services has followed global sanctions being applied by Russian President Vladimir Putin and his rogue regime…. Read More

March 6, 2022 @ 1:22 pm By Tony Zerucha  |  

Lynx, a provider of API-connected healthcare payments, banking, and e-commerce services, announced today it has emerged from stealth with $17.5 million in equity financing. The $17.5 million in equity consists of a new $15 million Series A and a previously unannounced $2.5 million seed round. Obvious Ventures and .406 Ventures led the Series… Read More

March 6, 2022 @ 1:20 pm By Xu Gao  |  

The Supreme Court Adds Use of Cryptocurrency Trading, P2P Lending as illegal fundraising On February 24th, the Supreme People’s Court issued “Decision Concerning Several Legal Issues in Relation to the Specific Application of the Supreme People’s Court Criminal Cases on Illegal Fund-raising,” which revised and… Read More

March 6, 2022 @ 1:13 pm By Omar Faridi  |  

Zaapi, a mobile app that allows small businesses to establish their digital commerce presence within seconds, has finalized a $4 million seed round. VC investors including GFC, Flourish Ventures, and Partech have led Zaapi’s investment round. Other investors in the funding round reportedly include 1982… Read More

March 6, 2022 @ 1:07 pm By Omar Faridi  |  

ThetaRay, a provider of AI-enhanced transaction monitoring tech to protect banking institutions and Fintech platforms against financial crimes, recently revealed that it has solidified its international revenue operations with the appointment of Peter Reynolds as the firm’s Chief Revenue Officer. ThetaRay is an OurCrowd portfolio… Read More

March 6, 2022 @ 1:01 pm By Tony Zerucha  |  

Shift4, a provider of integrated payment and technology solutions, this week announced it will acquire both Finaro, a cross-border e-commerce payments provider with a large European presence, and The Giving Block, which specializes in cryptocurrency fundraising for nonprofits. These acquisitions position the company to pursue a multi-trillion-dollar… Read More