December 19, 2024 @ 3:54 pm By Omar Faridi  |  

Research and development are considered to be fundamental to empowering individuals globally through World Network. That’s why Modulus Labs is officially joining World contributor Tools for Humanity (TFH) to establish a new Applied Research team dedicated to supporting cryptographic and machine learning solutions “that are… Read More

December 19, 2024 @ 3:40 pm By Omar Faridi  |  

PayPal Ventures has announced an investment in Bureau. Risk intelligence platform Bureau has reportedly seen 3x revenue growth as the surge in sophisticated fraud attacks drive “demand for AI-powered prevention.” According to the update from PayPal Ventures, AI isn’t just making fraud smarter – it’s… Read More

December 19, 2024 @ 2:08 pm By Omar Faridi  |  

Allvue Systems, LLC, a firm focused on alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital. PFA’s product, FirmView, combined with Allvue’s platform, will now aim to… Read More

December 19, 2024 @ 12:04 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant is partnering with online membership retailer Fabletics to make payment options more flexible this holiday season and beyond. With Klarna’s flexible payment options, Fabletics’ clients now have more ways to pay. Whether trying to stock up… Read More

December 19, 2024 @ 11:29 am By Omar Faridi  |  

High street bank lending to SMEs remains stable in Q2 2024, according to an update from UK Finance. UK Finance recently released its latest Business Finance Review which “reports on the finance needs of small and medium-sized enterprises (SMEs) in the second quarter of 2024.”… Read More

December 19, 2024 @ 10:30 am By Omar Faridi  |  

Artificial Intelligence (AI) in digital payment systems is reshaping the payments industry in an era of quick technological transformation. From better fraud detection to more efficient transactions, AI is changing the way of payment processing. Peko Wan, Co-CEO of Pundi X, a provider of blockchain-based… Read More

December 19, 2024 @ 10:09 am By Omar Faridi  |  

PensionBee, a firm focused on the consumer retirement market, is marking its 10th year of operations, which includes a decade of innovation, growth and impact in the pensions industry. Established back in December of 2014 to help tackle “outdated” pension systems – and with an… Read More

December 19, 2024 @ 9:26 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced that it now serves more than 10 million members across its suite of products and services. In 2024 to-date, total members… Read More

December 19, 2024 @ 8:02 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) announced actions in order to protect consumers from “illegal” credit card practices and help people save money on interest and fees. In a circular to other law enforcement agencies, the CFPB warned that some credit card companies operating rewards… Read More

December 19, 2024 @ 7:35 am By Omar Faridi  |  

London Stock Exchange Group (LSEG) has announced the launch of Historical Analytics available through Snowflake. The Historical Analytics offering combines LSEG’s Pricing Services with Yield Book Analytics to provide pricing information for more than 2.9 million bonds with more than 20 years lookback. LSEG customers… Read More

December 19, 2024 @ 7:33 am By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced that it has expanded its partnership with Adyen, the global financial technology platform for businesses. The partnership makes Affirm the Buy Now, Pay Later (BNPL) provider to support… Read More

December 19, 2024 @ 7:32 am By Omar Faridi  |  

Parafin, which builds embedded finance infrastructure, announced the close of its $100 million Series C at a $750 million valuation. The financing has reportedly been led by Notable Capital with participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also took part… Read More

December 19, 2024 @ 6:10 am By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking,  announced the availability of its cloud-native banking solutions and payment infrastructure in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. This will open up ClearBank’s banking solutions and payments… Read More

December 19, 2024 @ 5:02 am By Omar Faridi  |  

Blockdaemon and HashiCorp have partnered to integrate and approve Blockdaemon Builder Vault for use with HashiCorp Vault, providing secure Root of Trust services. Builder Vault incorporates Blockdaemon’s Multi-Party Computation (MPC) tech via a Public Key Cryptography Standard (PKCS) #11 plug-in. It generates, stores, and uses… Read More

December 19, 2024 @ 4:18 am By Omar Faridi  |  

Banco Sabadell has completed a joint project with Accenture (NYSE: ACN) and QuSecure to explore the adoption of Post-Quantum Cryptography (PQC) technologies in the bank’s infrastructure. This project is a step forward in improving resistance to quantum attacks, with Banco Sabadell leveraging QuSecure’s software for… Read More

December 18, 2024 @ 10:41 pm By Tony Zerucha  |  

As business enters the year-end slowdown, YouHodler executives say there is still plenty to watch in the markets. Chief of Markets Ruslan Lienkha said we are observing a mild correction in major cryptocurrencies and a more pronounced decline among altcoins. It appears to be driven… Read More

December 18, 2024 @ 9:46 pm By Omar Faridi  |  

GoCardless has partnered with Endava, a provider of technology services, to help enterprise merchants access the benefits of bank payments. The collab will see Endava  manage the integration of GoCardless payment solutions within their enterprise clients as part of “large-scale” digital transformation projects. This will… Read More

December 18, 2024 @ 8:43 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, has signed a multi-year partnership with Mathison Insurance Partners. The collab marks a key milestone in empowering Mathison to deliver “cyber risk solutions to its retail partners and clients.” Mathison Insurance Partners, a specialist… Read More

December 18, 2024 @ 3:48 pm By JD Alois  |  

Multiple reports indicate that Deutsche Bank is launching a Layer 2 blockchain to fuel digital assets and compliance at the bank. A Layer 2 blockchain is a separate blockchain added to the top of a Layer 1 blockchain like Ethereum. A Layer 2 aims to… Read More

December 18, 2024 @ 3:20 pm By JD Alois  |  

Even while economic data has been very choppy, the US Federal Reserve decided to match market expectations, cutting benchmark rates by 25 basis points. The Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 25 bps to 4-1/4 to… Read More