February 18, 2022 @ 8:01 am By Omar Faridi  |  

The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More

February 18, 2022 @ 7:54 am By Omar Faridi  |  

Ararat Yuzbashyan, CTO at EstateGuru, has explained how he aims to improve the lives of his colleagues. Ararat also talked about the advice he would give to talented professionals who are thinking of joining EstateGuru. Ararat has been working at EstateGuru for around 10 years…. Read More

February 18, 2022 @ 3:07 am By Omar Faridi  |  

The VeChain Foundation claims that 2021 “proved to be a significant year” for them with many developments taking place — some of which are “fundamentally game-changing” and others that “greatly benefit” their ability to serve the global economy with blockchain-based services. One such change that… Read More

February 18, 2022 @ 2:37 am By Omar Faridi  |  

The peer-to-peer market is expected to grow by around 20% this year, according to a report from Croatian lender Robo.cash. Robocash analysts noted that the optimistic scenario for 2022 is being supported by the general development trend from last year. Industry experts are also betting… Read More

February 18, 2022 @ 1:25 am By Omar Faridi  |  

The team at blockchain platform NEO have released their January technical development monthly report. As mentioned in the update: “Having delivered the milestone Neo 3.1 version in the final weeks of 2021, the core development team began the New Year at a more relaxed pace…. Read More

February 18, 2022 @ 1:07 am By Omar Faridi  |  

This week saw lots of work going on around Ontology technical developments, as work continued on preparing Ontology chain’s EVM or Ethereum Virtual Machine. Steady progress is being made “to ensure the launch happens in quarter 1 of this year.” As usual, the community had… Read More

February 18, 2022 @ 12:20 am By Tony Zerucha  |  

Aliaswire, a provider of digital payment and credit solutions for businesses and banks, today announced it has integrated its DirectBiller payment platform with Mastercard Bill Pay Exchange. Businesses using the DirectBiller platform can now offer an enhanced billing and payment experience to consumers who prefer… Read More

February 17, 2022 @ 11:17 pm By Omar Faridi  |  

In a sign that we are all moving from quantum exploration to quantum production – and that quantum software development is an important ingredient in gaining quantum advantage – Classiq, which offers a platform for Quantum Algorithm Design, announced that it has secured $33 million… Read More

February 17, 2022 @ 10:00 pm By JD Alois  |  

Rellevate, a neobank and payments platform, is raising growth capital on SeedInvest. According to the offering page, Rellevate is looking to raise up to $4 million in a Seed round at a pre-money valuation of $13.5 million. The offering is being issued under both Reg… Read More

February 17, 2022 @ 7:15 pm By Tony Zerucha  |  

Nanonets, an AI-based document workflow automation platform, today announced a $10 million Series A round led by Elevation Capital. The funds will be used to expand Nanonets’ engineering and AI/ML teams as well as hyper-scale its operations and go-to-market teams in new geographies. “The Series… Read More

February 17, 2022 @ 5:29 pm By Omar Faridi  |  

Binance Labs, the VC and innovation incubator of Binance, made an investment in Manta Network, the Web3 privacy protocol focused on privatizing crypto-assets. Manta Network’s layer-1 network design “leverages zero-knowledge proofs to privatize crypto assets.” Built with the Substrate framework, Manta’s privacy tech interoperates with… Read More

February 17, 2022 @ 3:03 pm By Omar Faridi  |  

Symphony – the markets’ infrastructure and tech platform – is teaming up with Digital Asset – a software and services provider that assists enterprises with building economic value via interconnected networks – in order to “generate efficiency and remove manual processes in the broadly syndicated… Read More

February 17, 2022 @ 2:57 pm By JD Alois  |  

The US Department of Justice has announced the selection of Eun Young Choi as the first Director of the National Cryptocurrency Enforcement Team (NCET). The new division at Justice is in recognition of the growth of the digital asset sector as well as the need… Read More

February 17, 2022 @ 2:43 pm By JD Alois  |  

Last week the SEC’s Small Business Capital Formation Advisory Committee held a meeting to discuss the definition of an Accredited Investor. This definition decides who can, and who cannot, access certain private securities offerings – all based on an income or wealth metric. It does… Read More

February 17, 2022 @ 2:17 pm By Tony Zerucha  |  

Pindrop’s Voice Intelligence and Security Report 2021 provides detailed evidence of how fraudsters have shifted strategies during the COVID-19 pandemic. Prior to 2020 call centers typically saw fraud rates of one out of every 770 calls, but in 2020 the ratio rose to one out… Read More

February 17, 2022 @ 11:31 am By JD Alois  |  

Open Banking in the UK has topped 5 million users according to a statement by the Open Banking Implementation Entity (OBIE). The data is provided by the CMA9, the nine banks and building society mandated under the CMA Order to implement open banking in the… Read More

February 17, 2022 @ 11:20 am By JD Alois  |  

The Ageras Group has raised €30 million ($34 million) to accelerate the expansion of its business described as a financial cockpit for SMEs. The company said the funding was raised from a group of American and European investors including seven new investors, Centripetal Capital and… Read More

February 17, 2022 @ 11:08 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is reportedly looking into the relationship between the US division of Binance, the world’s largest digital asset exchange, and two trading companies with alleged ties to Binance founder Changpeng Zhao or “CZ”, according to sources familiar with the… Read More

February 17, 2022 @ 11:00 am By JD Alois  |  

Neobank Revolut has selected Ibrahim “Ibo” Dusi as its Chief Risk Officer for Americas, according to a statement from the company. Revolut says that as Chief Risk Officer for Americas, Dusi will oversee risk management for Revolut in North and South America. He will be… Read More

February 17, 2022 @ 10:27 am By JD Alois  |  

The Financial Stability Board (FSB) published a report yesterday on crypto-asset risks. The FSB is an international entity that promotes global financial stability. As digital assets have grown, the FSB has engaged in the ongoing discussion of the importance and systemic impact of crypto. The… Read More