April 20, 2025 @ 6:18 pm By Omar Faridi  |  

Castlelake L.P., a global alternative investment manager with 20 years of experience investing in asset-based private markets, announced that it has entered into an agreement with Invictus Capital Partners, an alternative asset manager that specializes in residential credit, “to invest in up to $2 billion… Read More

April 20, 2025 @ 6:04 pm By Omar Faridi  |  

The cryptocurrency market has been rocked yet again by the dramatic crash of Mantra’s $OM token, which plummeted over 90% in a single hour on April 14, 2025, wiping out approximately $6 billion in market capitalization. This unprecedented event has understandably sparked widespread scrutiny, with… Read More

April 20, 2025 @ 3:09 pm By Omar Faridi  |  

Ethereum and Cosmos, two major blockchain networks, are inching closer to seamless integration, which is a development that could redefine decentralized ecosystems, according to an update from CertiK. According to a recent CertiK research report, efforts to merge these protocols—through EVM-compatible chains, consensus-layer swaps, and… Read More

April 20, 2025 @ 2:09 pm By Omar Faridi  |  

The British Columbia Securities Commission (BCSC) has exposed a $4.3 million scam targeting Canadian investors. The operation, dubbed “Operation Avalanche,” revealed a sophisticated scheme orchestrated by overseas crime groups using a tactic known as “approval phishing.” This fraudulent method reportedly tricked 89 unsuspecting victims into… Read More

April 20, 2025 @ 12:16 pm By Michael Wong  |  

Zain Fintech, the financial services arm of Zain Group, launched its “Bede” Digital Wallet in Sudan, enabling customers to carry out financial transactions via mobile phones without a traditional bank account or card. The platform, designed for both basic feature and smart phones, offers services… Read More

April 20, 2025 @ 11:09 am By Michael Wong  |  

Yiren Digital Ltd, an artificial intelligence (AI)‑powered platform providing financial and lifestyle services in China, said it formed a strategic joint venture with PT Pinjaman Kemakmuran Rakyat (klikUMKM) and PT Artha Digital Investama, part of the Artha Graha Network (AG Network), to deliver AI‑driven financial… Read More

April 20, 2025 @ 7:51 am By Omar Faridi  |  

Pathlight Capital LP announced it is serving as the Administrative Agent on a $210,000,000 senior secured credit facility for Spring Venture Group, LLC (SVG), one of the omnichannel distributors of Medicare Advantage, and Medicare Supplement distributors. As part of the facility, Pathlight underwrote and “provided a… Read More

April 20, 2025 @ 7:12 am By Tony Zerucha  |  

PalmPay, a digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, an African domestic card scheme. The PalmPay Debit Card brings advanced features such as savings yield on deposits and merchant rewards within reach for mass… Read More

April 20, 2025 @ 6:27 am By Michael Wong  |  

Nigeria’s Code of Conduct Bureau (CCB) said it would strengthen its regulatory function by moving its public officer asset declarations online through a new On-line Assets Declaration System (OADS), aiming to deepen transparency and enforce compliance in the fight against corruption. Abdullahi Bello Usman, CCB… Read More

April 19, 2025 @ 10:52 pm By Omar Faridi  |  

European fintech Pliant has reportedly acquired the Austrian Insurtech hi.health. The acquisition enables Pliant to apply its payment expertise to the insurance sector while “gaining industry-specific know-how.” This marks the company’s second acquisition “following the purchase of Friday Finance in 2023.” hi.health will continue to… Read More

April 19, 2025 @ 10:51 pm By Omar Faridi  |  

Circle, the issuer of USDC, has unveiled the Refund Protocol, a smart contract system designed to bring non-custodial refunds and on-chain dispute resolution to stablecoin payments. As explained in a blog post by Circle, this innovation addresses a critical gap in stablecoin transactions, which have… Read More

April 19, 2025 @ 10:50 pm By Omar Faridi  |  

A Brazilian court has reportedly sentenced Joel Ferreira de Souza, the lead launderer behind the Braiscompany cryptocurrency Ponzi scheme, to an unprecedented 128 years, 5 months, and 28 days in prison—one of the longest sentences for financial crimes in Brazil’s history. Alongside de Souza, two… Read More

April 19, 2025 @ 10:49 pm By Michael Wong  |  

A newly launched research initiative is exploring the potential of voice‑based technologies to improve fraud detection in digital financial systems. The project, drawing on human‑computer interaction and user behavior modeling, investigates how speech‑driven identity verification can strengthen authentication processes while preserving a seamless user experience…. Read More

April 19, 2025 @ 10:47 pm By Omar Faridi  |  

A key milestone for digital assets infrastructure is here: Treehouse Labs has  closed a new funding round, valuing the company at US $400 million. Led by the venture arm of one of the world’s largest life insurance and financial services firms – managing over $500… Read More

April 19, 2025 @ 10:46 pm By Omar Faridi  |  

M&G announced a partnership with platform technology provider FNZ, paving the way for “greater access” to its flagship £64 billion PruFund range through many of the UK platforms, powered by FNZ. FNZ, the end-to-end wealth management platform, partners with over 650 of the world’s financial… Read More

April 19, 2025 @ 5:11 pm By Omar Faridi  |  

Allica Bank, the UK banking institution built for established SME businesses, recently shared its 2024 Annual Report, revealing a near doubling in profits of £29.9 million in 2024 (FY23 £16.1m). The growth has been attributed primarily to significant investment in its digital infrastructure, leading to… Read More

April 19, 2025 @ 4:58 pm By Omar Faridi  |  

Research from European Fintech iwoca reveals the “overwhelming” majority of UK SMEs are leveraging social media, as “97% say they use platforms to boost their business.” The survey of SME owners, conducted by iwoca – one of Europe’s large SME lenders – “shows Meta channels… Read More

April 19, 2025 @ 4:57 pm By Omar Faridi  |  

This past year, the tech titans—Alphabet, Amazon, Apple, Meta, Microsoft, and Nvidia—collectively raked in nearly $2 trillion in revenue, a 15% increase from the previous year, according to a recent CBInsights report. These tech companies, already towering over the private tech sector with a market… Read More

April 19, 2025 @ 4:53 pm By Tony Zerucha  |  

This week, HashKey Capital launched the HashKey XRP Tracker Fund. The company said it is the first investment fund in Asia designed to track the performance of XRP. One of the world’s leading digital assets infrastructure providers, Ripple, is an early investor. The HashKey XRP… Read More

April 19, 2025 @ 3:52 pm By Omar Faridi  |  

Regtech company Sumsub has partnered with Volt, the global real-time payments platform. In this new open banking partnership, Volt will power Sumsub’s Penny Drop Verification flow, which involves “an end user being directed to their banking app after scanning their identity document.” Once a user… Read More