Project Tourbillon: BIS Report Demonstrates that “Cash-Like Anonymity” Is Possible in Retail Central Bank Digital Currency

The BIS published the concluding report of Project Tourbillon, which reportedly demonstrates that “cash-like anonymity” is possible in a retail central bank digital currency (CBDC). The project, developed by the BIS Innovation Hub Swiss Centre, has reportedly tested the concept of payer anonymity, which “provides… Read More

Payment Infrastructure Fintech Mangopay Selected by Bigcrafters, the Digital Delivery Platform

Bigcrafters, the new digital delivery platform for artisan products powered by Estrella Galicia, has selected Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, as its new payment partner. Through its new Spanish marketplace, Bigcrafters aims to “make it easy for consumers… Read More

Improved Financing May Save $50 Trillion as World Decarbonizes – Research Report

Deloitte’s Financing the Green Energy Transition report found that new cost-reducing finance instruments can “help de-risk green projects in developing economies while making investing in these projects more attractive, helping to fuel a global just energy transition.” Achieving net-zero greenhouse gas emissions by 2050 will… Read More

Laser Digital, the Digital Asset Subsidiary of Nomura, Integrates with Talos

Laser Digital, the digital asset subsidiary of Nomura, has announced its strategic integration with Talos, the premier provider of digital asset trading technology “for institutions.” This partnership broadens Laser Digital’s reach “among institutional clients while adding a new source of institutional-grade liquidity to the Talos… Read More

US Financial Institutions Expected to Invest in AI Adoption, Banking as a Service, Embedded Finance – Report

Finastra’s annual survey reveals that, despite global economic uncertainty, US financial institutions are primed to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance, “striking an optimistic tone for innovation.” The ‘Financial Services: State of the Nation Survey 2023’ finds that… Read More

Wahed Invest, a Shariah-Compliant Fintech Platform, Launches Operations in the UAE

Wahed Invest Limited, the UAE robo-advisory subsidiary of Wahed Inc., a global Shariah-compliant fintech that aims to advance financial inclusion through accessible, affordable and value-based investing, has launched after “having been granted a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of… Read More

Truflation, the Verifiable Economic Data Provider, Integrates with Layer1 Blockchain Injective

Truflation, the “independent” and “unbiased” provider of verifiable economic data and indexes, is thrilled to announce its integration with innovative layer1 blockchain Injective to “provide data feeds for the pricing of real-world assets (RWAs) across the Injective ecosystem.” Through the integration of Truflation’s real-time economic… Read More

Blockdaemon Institutional Wallet Supported with Cold Storage, Tokenization Features

Blockdaemon Institutional Wallet is now supported with cold storage, tokenization features as well as Azure support. Blockdaemon says it is unveiling three major enhancements to the Blockdaemon Institutional Wallet, which include: Cold Storage, Tokenization and Azure Cloud support. These features collectively aim to “enhance the… Read More

Insurtech: Insurance Carriers Want Gig Firms to Use Telematics, According to Industry Professional

Insurance is the biggest expense for gig companies, according to a recent update. Uber says its insurance costs “are roughly 10% of its gross bookings, exceeding $11B in 2022. Insurance-related costs are also rising every year.” In 2022, a top 10 auto insurer reportedly “increased… Read More

Rimes Introduces AI Lab to Enable Clients to Harness Power of Innovative Technologies

Rimes has announced the launch of their AI Lab under the leadership of Theo Bell, the newly appointed Head of AI Product. The Rimes AI Lab provides “a dedicated environment where the Rimes Product Engineering team, in collaboration with clients, can prototype new ideas and… Read More

Registrations for EVs Surge and Credit Makeup of Buyers Continued to Remain Strong – TransUnion Report

Despite electric vehicle (EV) sales moderating from a torrid pace, the share of new EV car registrations increased markedly through “the first half of 2023 to 8.3%, up from 5.6% one year earlier.” A TransUnion (NYSE: TRU) study conducted in collaboration with S&P Global Mobility… Read More

House Subcommittee on Digital Assets and Fintech Schedules Hearing on Innovation in Financial Services

The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has announced a hearing addressing innovation in financial services. The hearing is entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services” The hearing… Read More

Honeycomb Tops the List for Most Reg CF Filings in Past Month

Honeycomb, a FINRA-regulated funding portal, has topped the list of platforms with the most Reg CF (Regulation Crowdfunding) filings for the first time (as far as we know). In recent times, Wefunder and StartEngine have typically been in the running for the most offerings filed… Read More

Capital Ideas 7:  Revolutionizing Crowdfunding Exchanges and the Role of Blockchain and ATS in Secondary Sales

In the most recent episode of Capital Ideas, David Duccini, CEO and founder of Silicon Prairie Online, shed light on how Silicon Prairie’s portal is leveraging blockchain-based solutions and an Alternative Trading System (ATS) to revolutionize the world of secondary sales in investment crowdfunding. David… Read More

FINRA Launches New Section of Website to Cover Crypto Assets

FINRA (Financial Industry Regulatory Authority) has launched a new section of its website to cover its work on crypto or digital assets. FINRA is the entity that oversees all of the broker-dealers in the US. As there are over  624,000 brokers across the country, the… Read More

B2B Spend Management Startup CapitalOS Raises $39 Million, Exits Stealth Mode

CapitalOS is reporting $39 million in funding as the startup exits stealth mode. According to a statement issued by the company, the capital infusion is a combination of both debt and equity capital. CapitalOS did not provide a breakdown. The funding was led by Group… Read More

HKMA Comments on the Benefits of Bond Tokenization

Tokenization or turning an asset into a “digital asset” or digital security makes a lot of sense. By leveraging technology, an asset can be managed more effectively, comply with regulations and be programmed to automatically perform certain services. Today, most investible assets are heavy on… Read More

Lendable Adds Recurring Payments, Works with TrueLayer

Lendable has added recurring payments to its platform by leveraging the services of TrueLayer, according to a company statement. TrueLayer is an Open Banking provider and Lendable providers loans to consumers. TrueLayer said the new service was incorporated as Lendable leveraged its Account Information Services… Read More

SBI Holdings and Circle to Enable Digital Currency Innovation in Japan with USDC, Banking, Web3 Services

SBI Holdings, Inc. announces that it has concluded a Memorandum of Understanding with Circle Internet Financial, a global financial technology firm and the issuer of USDC, the world’s regulated stablecoin, “to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle’s Web3… Read More

Bitpanda Business Is Supporting Firms Operating in Real Estate and Finance Sectors

This year, Bitpanda Business claims that it has distinguished itself “as an essential platform for companies stepping into the world of digital investment.” With a 27% increase in the number of business clients using their services, Bitpanda has reportedly enabled “a diverse range of companies,… Read More

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