November 17, 2021 @ 2:49 pm By Omar Faridi  |  

The VeChain Foundation notes that after many months of hard work and dedicated effort, the arrival of Block #10653500 on the VeChainThor mainnet “officially marks the upgrade to PoA 2.0 phase 1 and the first steps towards the full-form of [their] protocol upgrade.” As they… Read More

November 17, 2021 @ 10:55 am By JD Alois  |  

Balderton Capital, a venture capital firm that has backed numerous Fintechs, says it has raised $600 million in a new fund focused on early-stage European firms. This is its second fund for 2021. In the past two decades, Balderton has raised around $4.5 billion across… Read More

November 17, 2021 @ 10:41 am By JD Alois  |  

Neobank Revolut is now covering period costs for Metal Card users, according to a release. Revolut said it had formed a partnership with Yoppie, to help cover period costs with Yoppie’s organic menstrual care products. Metal customers will earn up to £5 cashback from buying… Read More

November 17, 2021 @ 10:05 am By JD Alois  |  

Fort Ross Ventures has closed on a $200 million fund that targets late stage, Series D, investments. Fort Ross has backed multiple high profile Fintechs including Roofstock, LendingHome (now Kiavi), eToro and more. Fort Ross notes that in addition to a strong footprint in the… Read More

November 17, 2021 @ 9:48 am By JD Alois  |  

Directed IRA reports that over $40 million has been dedicated to the Gemini Crypto IRA Solution in the first 5 months. IRAs or individual retirement accounts, shield investors from taxes until the money is removed from the account. Somewhat similar to a 401K, IRAs can… Read More

November 17, 2021 @ 9:07 am By Omar Faridi  |  

Confluence Technologies, Inc., an international tech solutions provider assisting the investment management sector with addressing complex investment data challenges, has  announced it has “secured a multi-year agreement” with FundHero S.A., a Luxembourg-headquartered fund service company, that will “combine Confluence’s Cloud-based Revolution platform with its own… Read More

November 17, 2021 @ 9:02 am By Omar Faridi  |  

Finxact, the provider of the next-gen core banking platform to the US regional and super-regional banking industry, has confirmed that Codat has joined its Marketplace of banking solutions. The development brings the provider of API-powered connectivity to small business financial software “a step closer to… Read More

November 17, 2021 @ 8:40 am By JD Alois  |  

If you have not encountered Crypto.com you are off-grid. From the ubiquitous television commercials starring Matt Damon to widespread promotions, the digital asset marketplace is everywhere. Today, crypto.com is entering a different realm by purchasing the naming rights of the Los Angeles Staples Center – soon… Read More

November 17, 2021 @ 8:21 am By JD Alois  |  

Yapily, an open banking platform, has expanded into Spain, according to a company statement. Yapily notes that it already can cover over 95% of Spanish bank accounts, both retail and commercial, at 52 banks. Yapily recently raised $51 milion in Series-B funding and said it… Read More

November 17, 2021 @ 7:48 am By Omar Faridi  |  

Justt, a chargeback mitigation pioneer, has announced that it has secured $70 million in funding as it further expands its mission to assist merchants with combating false chargebacks with smart tech. As mentioned in the announcement, the funding was raised across three tranches, “including a… Read More

November 17, 2021 @ 7:46 am By Omar Faridi  |  

London-headquartered payments service provider SumUp has announced the introduction of a Business Account solution for its merchants in the United Kingdom and nearly a dozen European markets. As mentioned in a release shared with CI, the Business Account from SumUp is “central to the evolution… Read More

November 17, 2021 @ 7:43 am By Omar Faridi  |  

Deloitte has entered an alliance with tech firm Ava Labs in order to support a new disaster recovery platform that leverages the Avalanche blockchain to “help state and local governments easily demonstrate their eligibility for federal emergency funding.” As mentioned in the announcement: “Developed with… Read More

November 16, 2021 @ 11:06 pm By Tony Zerucha  |  

A combination of a re-opening society and technical sophistication has online fraud poised to increase 60 per cent this season, new data from fraud deterrence platform Arkose Labs suggests. Industry watchers should be prepared for increased online fraud threats during the holidays such as rising… Read More

November 16, 2021 @ 9:58 pm By Tony Zerucha  |  

Oportun a consumer credit Fintech, today announced that it has agreed to acquire neobank Digit, a platform that provides automated savings, investing, and banking tools. By adding Digit Oportun will further expand its A.I. and digital capabilities. “This is a transformational deal that will expand… Read More

November 16, 2021 @ 9:55 pm By JD Alois  |  

In a blog post on Binance today, founder Changpeng Zhao, or CZ, has issued a call for global crypto regulation to “help ensure the industry will continue to innovate responsibly while ensuring a healthy path forward for future growth.” Crypto is deemed as lacking sufficient… Read More

November 16, 2021 @ 9:38 pm By Omar Faridi  |  

Thomson Reuters announced on November 15, 2021, the introduction of the Indirect Tax (IDT) Determination Anywhere platform at its annual SYNERGY Conference for corporate tax and accounting professionals. As mentioned in the update, Determination Anywhere is a patent-pending, Cloud-powered tax tech platform that “sits on… Read More

November 16, 2021 @ 9:05 pm By Omar Faridi  |  

A firm’s ESG ratings have become increasingly important to investors and shareholders and achieving an accurate understanding of those ratings has become quite complex and time-consuming. In order to assist firms with better understanding and monitoring their ESG ratings, Broadridge Financial Solutions (NYSE: BR), an… Read More

November 16, 2021 @ 5:19 pm By JD Alois  |  

Gone is the modern speedometer logo and in its place is a “more optimistic” look for the Wealthtech Betterment. Betterment is pushing back on the current state of political division and ubiquitous acrimony with a warmer brand, kind of like a rising sun. In a… Read More

November 16, 2021 @ 5:01 pm By JD Alois  |  

nCino  (NASDAQ: NCNO) has agreed to acquire SimpleNexus for cash and stock valued at $1.2 billion or $240 million in cash and approximately 13.2 million shares of nCino common shares. SimpleNexus is a digital consumer-facing platform that is said to touch 1 in every 7 mortgage… Read More

November 16, 2021 @ 4:28 pm By Omar Faridi  |  

Market participants are currently able to apply their environmental, social, and governance (ESG) principles to the assets they’re willing to “accept as collateral,” utilizing ESG Data Analytics provided by BNY Mellon (NYSE: BK). As mentioned in the announcement: “In a milestone development for the collateral… Read More