December 23, 2021 @ 3:29 pm By Omar Faridi  |  

ABN AMRO (AMS: ABN) recently revealed that it’s providing business customers the option of carrying out IBAN-Name Checks on their own, via an API. Checking customer data can be a tedious and time-consuming task for many firms. By integrating the IBAN-Name Check API, these companies… Read More

December 23, 2021 @ 3:24 pm By Omar Faridi  |  

Ant Money, the embedded finance platform, announced it has secured $20 million in a Series A financing that was led by Franklin Templeton’s Franklin Venture Partners. The investment round was also led by Walter Cruttenden, RX3 Ventures, SteelBridge Laboratories, and Steelpoint Capital Partners. In conjunction… Read More

December 23, 2021 @ 3:18 pm By Omar Faridi  |  

Taptap Send, a community-focused cross-border financial platform, has announced a $65M Series B round led by Spark Capital, along with contributions from Unbound and previous leads Reid Hoffman and Canaan Partners, along with Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional investors from… Read More

December 23, 2021 @ 3:08 pm By Tony Zerucha  |  

Fractional real estate investment should continue to grow in 2022 as it is shaped by five trends, Andy Zhao said. Zhao is the CEO of Ark7, a fractional real estate investment platform offering passive income and value appreciation opportunities. He has managed a wide range… Read More

December 23, 2021 @ 12:16 pm By Omar Faridi  |  

SPACE Metaverse has acquired $7 million in capital from a number of tier-one venture funds in order to establish the economic foundation to join various metaverses into “one parallel society.” The funding Included some of the most prominent names in the DeFi and crypto space… Read More

December 23, 2021 @ 12:06 pm By JD Alois  |  

Earlier this month, the US Senate Banking Committee held a hearing on stablecoins that involved advocates and those who believe they are bad. The short hearing saw witnesses grilled with the Democrats generally dismissive and the Republicans in support of digital assets tied to fiat… Read More

December 23, 2021 @ 10:43 am By Omar Faridi  |  

Working with Clearstream, Northern Trust, SETL and others, SWIFT plans experiments in Q1 2022 in order to “explore how it can support interoperability in the development of the tokenized asset market.” Relative to digital currencies and stablecoins, the current market cap of tokenized assets is… Read More

December 23, 2021 @ 9:20 am By Tony Zerucha  |  

Even though NFTs exist in the digital realm, Shant Kevonian makes a compelling case for offering a physical replica, and his company NFT.Physio bridges that gap. A serial entrepreneur with a technological flair, Kevonian likens the NFT craze in some respects to products like Funko… Read More

December 23, 2021 @ 9:12 am By Omar Faridi  |  

Astra Protocol is pleased to confirm that it has acquired $9 million via its token raise. In addition, various investment groups and individuals have supported the Astra Protocol project, confirming the requirement for decentralized compliance in the DeFi sector. According to Astra, things are progressing… Read More

December 23, 2021 @ 8:15 am By Omar Faridi  |  

Visa (NYSE: V) announced it has finalized the acquisition of Currencycloud, an international platform that enables banking institutions and Fintech firms to offer various foreign exchange solutions for cross-border transactions. The acquisition will aim to empower Visa and Currencycloud customers and partners to offer a… Read More

December 23, 2021 @ 8:13 am By Omar Faridi  |  

Ibancar, the asset based consumer credit platform, has signed its first institutional debt facility “up to an amount of €10m.” The business is scaling quickly in Spain and intends to expand its activity to Mexico as well as introduce other auto-related credit products, according to… Read More

December 23, 2021 @ 8:11 am By Omar Faridi  |  

Nationwide clients had been left panicking after a recent Faster Payments outage at the building society only a few days before Christmas. After problems being reported on Tuesday (December 22, 2021), Nationwide confirmed that the “technical issue” had now been resolved and that “all delayed… Read More

December 23, 2021 @ 1:54 am By Omar Faridi  |  

AI-enhanced credit decision platform provider, Scienaptic AI announced that Ascendus has selected its AI-powered underwriting platform to augment its lending process and “make advanced loan decisions for small and medium sized businesses.” As mentioned in the announcement, Ascendus is a New York-headquartered online business lender… Read More

December 23, 2021 @ 12:37 am By Omar Faridi  |  

The month of December is always an “exciting month” for Razorpay, the company wrote in a blog post dated December 20, 2021. Razorpay added that it has celebrated its 7th year since launch. The firm reveals that what started off as an idea between Shashank… Read More

December 22, 2021 @ 11:11 pm By JD Alois  |  

Announced last month, Oportun (Nasdaq: OPRT) reports that it has completed the acquisition of neobank platform Digit. Digit will operate as a business unit within Oportun and continue to be led by Digit founder and CEO, Ethan Bloch. All of Digit’s 100+ employees are said… Read More

December 22, 2021 @ 10:32 pm By Tony Zerucha  |  

World Mobile Token (WMT), the token enabling an innovative global mobile network built on a sharing economy, will be listed on three cryptocurrency exchanges, the company announced this week. WMT will be available on Bitrue, an asset platform with Cardano native token support, and users in over… Read More

December 22, 2021 @ 10:30 pm By Omar Faridi  |  

ECI, the managed services and cybersecurity provider for the global financial services industry, announced that Matthew McNulty has joined the firm as Chief Revenue Officer. McNulty reportedly brings over 20 years of professional experience in various sales strategies and execution for cybersecurity, digital transformation, and… Read More

December 22, 2021 @ 10:26 pm By Omar Faridi  |  

AI-powered credit decision platform provider, Scienaptic AI announced that Numerica Credit Union is live on its platform. The implementation will “facilitate advanced and faster credit decisions for the credit union and enhance member experience,” according to a release. With roots dating back to 1937, Numerica… Read More

December 22, 2021 @ 10:20 pm By Tony Zerucha  |  

2022 could see aggressive movement by some federal agencies, an experienced industry hand suggests. Joseph Lynyak III is a partner at the international law firm Dorsey & Whitney and one of the nation’s foremost experts in the country on the Consumer Financial Protection Bureau (CFPB),… Read More

December 22, 2021 @ 4:46 pm By JD Alois  |  

The Federal Trade Commission (FTC) has chimed in on the Consumer Financial Protection Bureau’s (CFPB) inquiry into big tech and payments. In a letter dated December 21, 2021, Lina Khan, Chair of the FTC said that big tech providing financial services “demand close scrutiny.” In… Read More