March 12, 2023 @ 4:10 pm By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, announced that its subsidiary, Capitolis Global Broker Dealer LLC, has applied “to become a broker-dealer.” This is the next step in Capitolis’ journey “to provide innovative solutions to the market in order to keep the capital markets both… Read More

March 12, 2023 @ 3:17 pm By Omar Faridi  |  

Prove Identity, Inc., which claims to be the leader in digital identity, announced a partnership with Bitstamp, the “longest-running” cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process. ‍Prove will enable Bitstamp US users “to streamline account… Read More

March 12, 2023 @ 3:16 pm By Omar Faridi  |  

Pacaso, the real estate platform that helps people buy and co-own a luxury second home, shares a significant moment for co-ownership with the passage of Utah SB 271. The passage of the bill, sponsored by Sen. Michael McKell and Rep. Val Peterson, means the benefits… Read More

March 11, 2023 @ 6:33 pm By Omar Faridi  |  

Orion Innovation, a digital transformation and product development services firm, announced the acquisition of Banktech Software Services Ltd, a core banking implementation partner for global financial institutions. Banktech will complement Orion’s financial services business by “bringing additional industry expertise, open banking solutions, and implementation capabilities… Read More

March 11, 2023 @ 6:03 pm By JD Alois  |  

Following an initial statement that it held a separate balance sheet from Silicon Valley Bank (NASDAQ:SIVB) in the US, Silicon Valley Bank UK has announced it will move into insolvency following a discussion with UK banking regulators. SVB UK took on a similar role to… Read More

March 11, 2023 @ 5:41 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform of choice for businesses, announces that its annual Accelerator program is returning this spring “to empower another round of high-potential social enterprises and impact startups.” EMEA based businesses committed “to furthering the UN’s Sustainable Development Goals (SDGs) can… Read More

March 11, 2023 @ 5:31 pm By Omar Faridi  |  

Credit Karma (NASDAQ: INTU), the consumer technology platform with more than 120 million members in the U.S., announced Net Worth, a new product experience within Credit Karma that will help millions of members know, grow and protect their wealth. The introduction of Net Worth “brings… Read More

March 11, 2023 @ 5:29 pm By Omar Faridi  |  

Marlette Holdings, Inc., a financial technology technology company operating the Best Egg financial health platform, announced its partnership with MX Technologies, Inc. to “provide enhanced financial data aggregation capabilities and insights to millions of Best Egg Financial Health users.” The partnership further “enables Best Egg… Read More

March 11, 2023 @ 5:20 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More

March 11, 2023 @ 1:35 pm By JD Alois  |  

The demise of Silicon Valley Bank (NASDAQ:SIVB) has shocked everyone. Last week, SVB announced that it was raising both debt and equity capital to shore up its balance sheet.  The bank that provides services to almost half of all venture-backed tech firms gave the all-clear… Read More

March 11, 2023 @ 1:06 pm By Omar Faridi  |  

Monite, an API-first embedded finance workflows startup, introduces Invoice Payment Links. It is described as “a hassle-free solution that enables invoicing and accounting platforms to earn two to five times per user by helping their clients to get paid 40% faster.” While many SMBs facilitate… Read More

March 11, 2023 @ 1:03 pm By Omar Faridi  |  

Yapily have agreed to a partnership with payments technology company Zilch that will provide millions of people “with better access to 0% interest swift repayment credit.” The partnership “marks the first time we’ve teamed up with a provider of consumer credit via Buy Now Pay… Read More

March 11, 2023 @ 12:41 pm By JD Alois  |  

Circle’s dollar-based stablecoin USDC has lost its dollar peg following the revelation that $3.3 billion in cash reserves are still held at failed Silicin Valley Bank. According to Coinmarketcap, USDC traded at less than $0.88 – losing about 12% of its value following the news…. Read More

March 11, 2023 @ 10:35 am By Omar Faridi  |  

Railsr, the embedded finance platform, has today announced that it has been purchased and re-capitalized by a consortium “led by D Squared Capital, and that a change of control has been agreed with the Financial Conduct Authority in the UK.” This move “ensures business continuity… Read More

March 11, 2023 @ 9:13 am By Omar Faridi  |  

EtherMail, the Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has successfully “raised $4 million USD in a pre-Series A funding round led by Tim Draper and Draper Associates, a global venture capital firm investing in industry transforming companies.” The investment… Read More

March 11, 2023 @ 9:11 am By Omar Faridi  |  

New York Attorney General Letitia James continued her efforts to crack down on unregistered cryptocurrency platforms by filing a lawsuit against KuCoin for allegedly failing to register “as a securities and commodities broker-dealer and falsely representing itself as an exchange.” The Office of the Attorney… Read More

March 10, 2023 @ 10:42 pm By Omar Faridi  |  

BILL (NYSE: BILL), a key player focused on financial automation software for small and midsize businesses (SMBs), announced a partnership with BMO in order “to digitize and streamline business payments.” BMO Bill Connect, powered by BILL, is a bill pay and invoicing platform that “helps… Read More

March 10, 2023 @ 5:51 pm By JD Alois  |  

SoFi (NASDAQ:SOFI) has posted an 8-K stating it does not hold any cash at Silicon Valley Bank (NASDAQ:SIVB). The Fintech said it does have a small $40 million lending facility with the bank. The statement is as follows: “SoFi Technologies, Inc. informs its investors that… Read More

March 10, 2023 @ 5:47 pm By JD Alois  |  

The dust is still settling following the collapse of Silicon Valley Bank (NASDAQ:SIVB). While greater clarity may arise next week, clients of the bank are scrambling to figure out what they have and what they may not hold. Following the market close, LendingClub (NYSE:LC), a… Read More

March 10, 2023 @ 5:39 pm By Omar Faridi  |  

Nationwide Building Society has selected Accenture (NYSE: ACN) and Form3 to transform its digital payments infrastructure through the adoption of “a cloud native platform, aiming to enhance the customer experience with seamless, secure and fast transactions.” As digital payments continue to grow, the cost-efficient solution… Read More