December 19, 2022 @ 9:07 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) recently announced the licensing of Manafa – a finance company specialized in debt-based crowdfunding in the Kingdom. Manafa is “a closed joint-stock company with a capital of SAR 40 million.” The license was granted to the company “after a successful… Read More

December 19, 2022 @ 8:23 pm By Omar Faridi  |  

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, and Fennel Financials LLC, which just launched an Environmental, Social, and Governance (ESG)-focused platform offering retail investors access to tools to better engage with companies, announced that Fennel has “chosen to deploy… Read More

December 19, 2022 @ 8:05 pm By Omar Faridi  |  

Mastercard (NASDAQ: MQ) brings Apple Pay to its cardholders in Kuwait. Apple Pay is “providing a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the… Read More

December 19, 2022 @ 8:02 pm By Omar Faridi  |  

Blockchain Intelligence Group, a key player focused on blockchain investigations, owned by BIGG Digital Assets, Inc. (CSE: BIGG), announced the availability of the Cardano and Stacks blockchains on its platform, which “provides crypto firms, law enforcement, banks and government intelligence and security for cryptocurrency transactions.”… Read More

December 19, 2022 @ 8:01 pm By Omar Faridi  |  

Cerved, the Italian platform focused on credit risk analysis and management, has signed a strategic partnership with Greenomy, the ESG Market Infrastructure, “to deliver a new service on the Italian market designed to help businesses comply with new EU Sustainable Finance regulations (EU Taxonomy, CSRD,… Read More

December 19, 2022 @ 3:24 pm By JD Alois  |  

Wedge and Fiserv, Inc. (NASDAQ: FISV) have partnered on programmable payments, according to a release. Wedge is an app-based service that offers a digital wallet and spending app, including cryptocurrencies, stocks, and cash. Fiserv is a payments and transfers Fintech. Wedge will bring its services… Read More

December 19, 2022 @ 3:06 pm By JD Alois  |  

The incoming Chair of the House Committee on Financial Services, Patrick McHenry, has issued a statement that he plans to add Financial Services Innovation Offices (FSIOs) back on the agenda. As the Republicans will take over the House in January after gaining the majority in… Read More

December 19, 2022 @ 2:51 pm By Omar Faridi  |  

Umbria Network recently shared key updates, milestones from 2022 including new products, bridges and partnerships. The platform’s developers also provided updates on their expansion efforts within the Web3 ecosystem. In addition to the recently reported increase in transactions on its cross-chain bridge platform, Umbria Network… Read More

December 19, 2022 @ 12:14 pm By Omar Faridi  |  

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, published the second edition of the Cross-Border Payments Bulletin in its Faster Payments Knowledge Center. The FPC Cross-Border Payments Work Group, sponsored by Wells Fargo,… Read More

December 19, 2022 @ 12:07 pm By JD Alois  |  

Regulation Technology or Regtech is the future of regulation and compliance. This much is clear. Yet like other aspects of financial technology, adoption is taking place at a methodical pace. Regtech, alongside “Suptech” [supervisory technology], can alleviate many of the challenges intrinsic to the financial… Read More

December 19, 2022 @ 10:45 am By JD Alois  |  

LumiShare (previously IllumiShare), a digital asset management ecosystem, has raised $3.2 million in a funding round led by the Abu Dhabi royal family. According to a company statement, the funds were part of the early stages of its Abu-Dhabi-licensed $SRG token presale.  The funding will… Read More

December 19, 2022 @ 10:24 am By JD Alois  |  

Bitbond has added support for Fantom Blockchain, according to a statement issued by the company. Fantom Blockchain is a high-performance distributed ledger technology that aims to provide a superior alternative to established blockchains. Fantom touts its “unparalleled speed, security, and reliability” along with instant transactions… Read More

December 19, 2022 @ 10:01 am By Omar Faridi  |  

Edison Partners, a growth equity investment firm, announced a $15 million investment in K1x, the provider of automated solutions for aggregation and packet production for the Schedule K-1 federal tax form and end-to-end tax return solutions for tax-exempt organizations. The investment closely “follows K1x’s acquisition… Read More

December 19, 2022 @ 9:21 am By JD Alois  |  

CoinShares International Limited (Nasdaq Stockholm: CS)(OTCQX: CNSRF), a European digital asset platform, has listed its shares on Nasdaq Stockholm’s main market. CoinShares was approved to trade its shares earlier this month with a prospectus published on December 14th. There was no capital raise with the… Read More

December 19, 2022 @ 8:47 am By JD Alois  |  

Voyager Digital, a crypto firm working its way through bankruptcy, is selling its assets to Binance US – the US facing subsidiary of global crypto exchange Binance. Voyager fell prey to the various crypto failures as it found itself on the wrong end of a… Read More

December 19, 2022 @ 8:26 am By Omar Faridi  |  

Talos, the premier provider of institutional digital asset trading technology, released survey findings from Coalition Greenwich revealing that US Financial Advisors (FAs) are fielding significantly “increased demand from investors for digital assets despite the current crypto winter.” Conducted in partnership with Talos, the survey reported… Read More

December 19, 2022 @ 8:25 am By Omar Faridi  |  

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

December 19, 2022 @ 12:37 am By Omar Faridi  |  

United Fintech, the end-to-end solution for banking technology, announced the 100 percent acquisition of Cobalt, the provider of critical risk and data services to the FX and digital asset markets. The acquisition elevates United Fintech’s position “as the leading end-to-end solution connecting financial institutions with… Read More

December 18, 2022 @ 11:47 pm By Omar Faridi  |  

Rakuten France has announced the launch of an integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. A universal integrated payment solution, Club R Pay facilitates purchases “for the 12 million members of the Club R… Read More

December 18, 2022 @ 11:27 pm By Omar Faridi  |  

Fintech provider Quavo Fraud & Disputes has announced their completion and renewal of the 3.2.1 version of the Payment Card Industry Data Security Standard (PCI DSS) Requirements and Security Assessment Procedures. Quavo initially “achieved its PCI DSS Version 3.2.1 certification in August of 2021.” Attaining… Read More