December 9, 2021 @ 7:47 am By Omar Faridi  |  

After introducing its 100% mobile trading solution two weeks ago, Lydia has announced that it secured $100 million in capital. Lydia‘s investment round is led by existing investors (Accel, Founders Future and Tencent), who are taking the opportunity to “renew their confidence in the company’s… Read More

December 9, 2021 @ 7:46 am By Omar Faridi  |  

Chip, the savings app that aims to bring consumers the best rates while automatically building up their savings, has made changes to its membership plans as it focuses on making more of the app free and gets ready to launch a simplified fee structure. Chip,… Read More

December 9, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ:MQ) has announced its first venture investment after becoming a publicly-traded company. Marqeta has led a $20 million Series B funding round into payments gateway ConnexPay.  ConnexPay, a customer of Marqeta’s since 2018, offers a combined merchant acquiring and virtual card issuing solution for… Read More

December 8, 2021 @ 11:47 pm By Tony Zerucha  |  

New research from digital institutional investment platform VALK shows professional investors are increasingly focusing on cryptocurrency and digital assets as worries about stretched equity valuations and poor yields in the fixed income markets grow. Its study among professional investors working in eight major economies for… Read More

December 8, 2021 @ 10:37 pm By Omar Faridi  |  

Canadian Fintech firm Payment Rails has revealed that it is rebranding as Trolley—the payouts platform for the “Internet economy.” The newly renamed Trolley also confirmed its recent $7M Series A investment round, which was led by Pace Capital. Established in 2015, Trolley is a payouts… Read More

December 8, 2021 @ 10:20 pm By Tony Zerucha  |  

While more than four out of five serious regular crypto traders are making money in the markets, one in six are losing it, research from blockchain-based derivatives trading platform CloseCross claims. Its study among crypto traders across six major economies who stake at least $5,000… Read More

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

December 8, 2021 @ 10:14 pm By Tony Zerucha  |  

Plenty, a Tezos-based DeFi protocol, recently launched its routing feature, a move which should make DeFi on Tezos an easy-to-use and smooth experience, the company said. It offers yield farming and a decentralized exchange and allows onboarding from other blockchains. Its protocol allows users to… Read More

December 8, 2021 @ 10:10 pm By Tony Zerucha  |  

A new study of institutional investors and wealth managers, who collectively manage around $108.4 billion in assets, reveals 85 per cent say they now have dedicated teams reviewing cryptocurrencies and digital assets, though for many it is a new development. The research, commissioned by London-based… Read More

December 8, 2021 @ 10:07 pm By JD Alois  |  

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

December 8, 2021 @ 4:50 pm By Tony Zerucha  |  

Digital Finance Group, a global blockchain and cryptocurrency investment firm, recently announced it has invested $1.5 million in a private funding round as the head investor for Rivet, an Ethereum infrastructure service built on open-source technology. The funding will be used to grow the Rivet… Read More

December 8, 2021 @ 2:57 pm By Omar Faridi  |  

Zirtue, the relationship-based lending app with a goal to promote financial inclusion, has  announced the launch of their Alternative Payment Solution for businesses. As mentioned in a release, the solution allows businesses to “utilize Zirtue as a payment option for their customers to pay bills… Read More

December 8, 2021 @ 1:19 pm By Omar Faridi  |  

Numerated, a fast-growing Fintech SaaS firm, has reportedly acquired Fincura Inc., “adding spreading automation and financial analysis to Numerated’s Digital Loan Origination System.” The acquisition expands Numerated’s underwriting capabilities for business loans that “require deep financial analysis, improving the experience for lenders and their borrowers,… Read More

December 8, 2021 @ 1:16 pm By JD Alois  |  

PriceHubble, a Switzerland-based Proptech, has gained a new Chief Revenue Officer. PriceHubble has appointed Helene Ackermann to step into the role to head up global sales. PriceHubble, is an AI and data company that aims to create innovative digital solutions for the real estate industry… Read More

December 8, 2021 @ 12:49 pm By Tony Zerucha  |  

CurrencyWorks, a full-service blockchain platform provider, today announced it is launching a new music entertainment NFT platform, MusicFX, in partnership with Crown & Ace. A pioneer of the NFT space, CurrencyWorks has already established platforms to serve the growing demand for digital token services and… Read More

December 8, 2021 @ 11:56 am By Omar Faridi  |  

Bob Lee, ex- Chief Technical Officer at Square (now doing business as Block), has reportedly joined MobileCoin as its Chief Product Officer. As an early investor in and advisor to the crypto and virtual payments startup, Bob helped “shape product and technology strategy.” He now… Read More

December 8, 2021 @ 11:49 am By JD Alois  |  

AllianceBlock has joined the Open Wealth Association in order to provide a bridge between DeFi and traditional finance.. The Open Wealth Association seeks to define, maintain and operationalize the open Application Programming Interface (API) standard for the global wealth management community. Alliance Block describes its… Read More

December 8, 2021 @ 11:21 am By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a provider of tech solutions and payment processing services for the financial services industry. Its Symitar division announced that $1.02 billion-asset Westmark Credit Union will “convert to Symitar in a private cloud environment.” Unable to seamlessly add modern… Read More

December 8, 2021 @ 11:05 am By Omar Faridi  |  

Global platform LynKey, which powers luxury resort and vacation property with blockchain and AI tech, has announced a project for tokenizing and providing NFT solutions of more than $8 billion for travel and tourism by leveraging smart contracts. LynKey will be digitizing luxury resorts and… Read More

December 8, 2021 @ 10:55 am By JD Alois  |  

Cyber risk is the biggest threat to financial markets in 2022, according to a statement by The Depository Trust and Clearing Corporation (DTCC). This pronouncement should come as no surprise as the news is replete with reports of hacks and breaches by all kinds of… Read More