January 17, 2025 @ 11:24 am By JD Alois  |  

MiCA, or markets in crypto markets regulation, aims to create bright-line rules in Europe to enable digital asset innovation. While not regulating digital securities, MiCA covers just about everything else, including stablecoin regulation. The EU wants to encourage the development of new products and services… Read More

January 17, 2025 @ 10:57 am By JD Alois  |  

China state-affiliated entities have been hacking both public and private organizations in the US for years now. This is part of China’s goal to usurp the US as the world’s top superpower.  In an embarrassing revelation, the US Department of Treasury was hacked, including, apparently,… Read More

January 17, 2025 @ 10:26 am By Omar Faridi  |  

Yael Selfin, Chief Economist at KPMG UK noted that the UK economy emerges from downturn while “risks of further headwinds rise.” Yael Selfin from KPMG also mentioned the UK GDP returned to growth after two consecutive months of decline, with “growth potentially accelerating in 2025.” They… Read More

January 17, 2025 @ 10:17 am By JD Alois  |  

Estateguru, an online investment platform for small loans, said that investors received over €36 million in repayments during Q4 of 2024. This includes both principal and interest, with €3 million earned as interest by investors. During the quarter, investors funded €20.6 million in loans, each… Read More

January 17, 2025 @ 8:40 am By JD Alois  |  

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was sent in response to proposed rulemaking on the accounts. The FTA says it supports the FDIC’s… Read More

January 17, 2025 @ 7:41 am By Tony Zerucha  |  

The faults that contributed to the massive data leak on the NFT platform Open Sea back in 2022 came home to roost on Monday when more than seven million email addresses were publicly released. Impossible Cloud Network co-founder Kai Wawrzinek it’s a “sad indictment of… Read More

January 17, 2025 @ 7:39 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) reported “record-breaking” enforcement actions in 2024, while the value of fines issued by the Financial Conduct Authority (FCA) more than tripled year-on-year, according to SteelEye’s annual fine tracker. To create its annual… Read More

January 17, 2025 @ 7:37 am By Omar Faridi  |  

PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions. UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of… Read More

January 17, 2025 @ 7:36 am By Omar Faridi  |  

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

January 16, 2025 @ 7:04 pm By Omar Faridi  |  

Eminence Home Care, a home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to “pay bills, spend,… Read More

January 16, 2025 @ 7:03 pm By Omar Faridi  |  

Copper, a firm focused on digital asset custody, collateral management, and prime services, is pleased to announce a partnership with Agora, the stablecoin issuer of AUSD (the “first” fully collateralized, freely tradable digital dollar). Copper now offers custody support for Agora’s AUSD, a digital dollar… Read More

January 16, 2025 @ 7:02 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Northeastern University in Vancouver to accelerate cybersecurity innovation and expand Canada’s technology workforce. Through 715,000 CAD, the collab will establish the Mastercard Professorship Fund and the Mastercard Vancouver Scholarship, initiatives designed to advance research and create “opportunities for women, BIPOC… Read More

January 16, 2025 @ 7:01 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announced  the findings of its report on financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from “$6.57 billion in 2023 to… Read More

January 16, 2025 @ 7:00 pm By Omar Faridi  |  

Mini Apps are putting the power of the growing World Network community on “full display.” As noted in a blog post, there are currently more than 22 million people on World Network, including 10,247,382 verified humans. As of January 2025, Mini Apps were seeing as… Read More

January 16, 2025 @ 6:59 pm By Omar Faridi  |  

The U.S. Securities and Exchange Commission (SEC) has filed an appeal against a US federal judge’s decision in its partially unsuccessful case against enterprise blockchain firm Ripple Labs, a move that has been heavily criticized by Ripple’s chief legal officer. In a Jan. 15 filing… Read More

January 16, 2025 @ 5:15 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) latest research finds “shifting preferences” in communication channels and increased investments in AI tools Utilizing data to drive the right approach in a rapidly changing environment is becoming “more impactful to recovery and collections performance than ever.” Those that do will be… Read More

January 16, 2025 @ 5:13 pm By JD Alois  |  

Scott Bessant, incoming President Donald Trump’s selection to become the Secretary of the Treasury, is not supportive of a CBDC or central bank digital currency. A graduate of Yale, Bessent is a hedge fund manager who worked for George Soros at one time, but today,… Read More

January 16, 2025 @ 1:46 pm By Tony Zerucha  |  

CertifID, a provider of wire fraud protection for the real estate industry, announced on Jan. 14 that it acquired Paymints.io, a solution that enables digital money transfers by title companies, law firms, and real estate brokerages. According to the FBI, $1.9 billion in funds have been stolen… Read More

January 16, 2025 @ 1:43 pm By Omar Faridi  |  

From a 7-year low in dealmaking to M&A gaining steam, industry researchers break down key changes in the fintech landscape using CBInsights data. Fintech funding and dealmaking declined again year-over-year (YoY) in 2024, hitting their “lowest levels in 7 years,” the report from CBInsights revealed…. Read More

January 16, 2025 @ 1:30 pm By JD Alois  |  

A report from online lender Biz2Credit claims that SME earnings cratered during the fourth quarter of 2024. According to the firm, there was a noted decline in activity during December. The Small Business Earnings Report for December 2024 indicates that the average monthly net income was $83,083… Read More