July 9, 2025 @ 6:54 pm By Omar Faridi  |  

The UK economy is at a pivotal moment, with recent reports from KPMG highlighting key developments in banking regulation, consumer sentiment, and credit conditions. Collectively, these updates reflect cautious optimism amid ongoing economic challenges, with implications for policymakers, businesses, and households. The United Kingdom’s ring-fencing… Read More

July 9, 2025 @ 6:53 pm By Omar Faridi  |  

Crypto.com is expanding its support for The Open Network (TON) Foundation, deepening its commitment to TON’s ecosystem. As part of this expanded collaboration, TON Foundation has also become a client of Crypto.com Custody, gaining “access to institutional-grade custody solutions for assets on TON Blockchain.” Crypto.com… Read More

July 9, 2025 @ 6:52 pm By Omar Faridi  |  

The digital landscape is increasingly becoming a battleground for regulators and cybercriminals, with recent developments highlighting the critical need to disrupt the infrastructure enabling illicit activities. Two significant updates underscore this ongoing struggle: the U.S. Treasury’s sanctions against Russia-based hosting provider Aeza Group for supporting… Read More

July 9, 2025 @ 5:29 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the launch of Cowbell COMPaaSSM (Compliance-as-a-Service), a new offering tailored for startups, growth-stage companies, and service providers handling sensitive customer data. Designed to support organizations pursuing SOC 2 compliance… Read More

July 9, 2025 @ 11:35 am By Omar Faridi  |  

The evolving ecosystem of digital assets presents various challenges for businesses striving to maintain compliance and transparency in their financial reporting. This, according to an update from TaxBit. As cryptocurrencies and blockchain-based assets become integral to global finance, the need for robust, audit-ready accounting solutions… Read More

July 9, 2025 @ 10:48 am By Omar Faridi  |  

The retail industry stands at the cusp of a transformative era, with artificial intelligence (AI) poised to potentially redefine how commerce operates. This, according to an update from CB Insights. As autonomous shopping tools and agentic payment solutions gain traction, retailers are racing to integrate… Read More

July 9, 2025 @ 9:47 am By Omar Faridi  |  

The first half of 2025 has marked a grim milestone for the cryptocurrency industry, with over $2.1 billion stolen across 75 distinct hacks and exploits, according to a recent report by TRM Labs. This figure not only surpasses the previous first-half record set in 2022… Read More

July 9, 2025 @ 9:00 am By JD Alois  |  

Fundrise founder and CEO Ben Miller visited with CNBC this week to discuss the growing business of providing retail access to private securities typically issued under the Reg D exemption. Reg D requires an investor to be deemed “Accredited” – earning over $200,000 a year… Read More

July 9, 2025 @ 8:43 am By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s largest digital financial services platforms in terms of scope of operations and revenue, continues to reshape the financial landscape in Latin America with significant milestones in Mexico and strategic leadership appointments. With over 118 million customers across Brazil,… Read More

July 9, 2025 @ 8:20 am By Omar Faridi  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, and iCapital, the global fintech platform shaping the future of investing, announced an alliance to deliver an integrated offering through BNY Pershing’s Wove and BNY’s Alts Bridge platforms. Building on… Read More

July 9, 2025 @ 7:56 am By JD Alois  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK)will provide custody for Ripple’s dollar-based stablecoin RLUSD. Congressional legislation providing clarity on the regulation of payment stablecoins is expected to be passed into law soon. This will mean the banks will feel more comfortable providing… Read More

July 9, 2025 @ 7:39 am By Omar Faridi  |  

Castellum.AI, a financial crime compliance platform with in-house risk data, AML/KYC screening, and AI agents, announced the close of an $8.5m Series A round. CEO and Co-Founder Peter Piatetsky said: “Compliance teams are drowning in false positives while financial crime slips through the cracks. We’ve… Read More

July 9, 2025 @ 6:09 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on Open Banking in APAC countries. The research covers 16 different jurisdictions and the status of Open Banking development across the region. Open Banking, also known as Open Finance, refers to the ability to share data… Read More

July 9, 2025 @ 5:53 am By Omar Faridi  |  

We recently caught up with decentralized finance and blockchain professional, Tory Green, co-founder of io.net, who shared key insights about the GENIUS Act. While the Senate’s passage of the bill was historic, momentum is now at risk. House lawmakers are considering whether to merge the… Read More

July 9, 2025 @ 5:49 am By Omar Faridi  |  

Blockdaemon, an institutional-grade blockchain infrastructure provider, is solidifying its position as a cornerstone of the Web3 ecosystem. With over $110 billion in digital assets secured for more than 400 institutions, Blockdaemon continues to drive innovation through strategic partnerships, regional expansion, and key leadership appointments. Recent… Read More

July 9, 2025 @ 5:32 am By Omar Faridi  |  

Steeleye has explained that in the financial services sector, compliance with regulatory requirements is paramount to maintaining trust, transparency, and operational integrity. Among these requirements, voice recording regulations have become increasingly critical as regulators emphasize the need for robust recordkeeping to prevent misconduct and ensure… Read More

July 9, 2025 @ 5:27 am By Omar Faridi  |  

Middle market business professionals remain resilient despite economic uncertainty, according to JP Morgan’s (NYSE: JPM) 2025 Business Leaders Outlook Pulse Survey. Compared with the start of the year, “optimism for the national economy fell by more than half, dropping from 65% as reported in January,… Read More

July 9, 2025 @ 5:23 am By Omar Faridi  |  

AI firm CoreWeave (NASDAQ: CRWV) and Core Scientific (NASDAQ: CORZ), a data center infrastructure provider, announced that they have signed a definitive agreement under which CoreWeave will acquire Core Scientific in an all-stock transaction. Under the terms of the merger agreement, Core Scientific stockholders will… Read More

July 9, 2025 @ 5:18 am By Omar Faridi  |  

wefox has reportedly secured funding of €151 million. This consisted of a €76 million capital raise “primarily from its existing investor base as well as refinancing of an existing credit facility with €75 million from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II.” The… Read More

July 9, 2025 @ 2:19 am By Omar Faridi  |  

Bazaar Technologies Pvt., which is Pakistan’s most well-funded startup, is on the cusp of achieving profitability in the coming quarters. This, according to a report from Bloomberg. This milestone follows a pivotal fintech acquisition that has bolstered the five-year-old company’s ambitions to dominate Pakistan’s e-commerce… Read More