November 19, 2024 @ 8:59 am By Omar Faridi  |  

Global payments are becoming a lot simpler for consumers, however, complexity keeps growing behind the scenes, according a report which explores this paradox and the options for providers. The “tantalizing” vision for global payments has been that they’d be safe, simple, quick, inexpensive, and “ubiquitous,”… Read More

November 19, 2024 @ 8:56 am By Omar Faridi  |  

The Entrust Cybersecurity Institute released findings from its 2025 Identity Fraud Report. As cyber criminals continue to adapt their techniques to find new ways through defenses, AI-assisted fraud is growing increasingly sophisticated and frequent, as unveiled by the report. The research findings reveal a deepfake… Read More

November 19, 2024 @ 8:51 am By Omar Faridi  |  

Wealth intelligence provider, 1fs Wealth, has announced a  partnership with, Apex Group, a financial services company, that will see the group’s clients benefiting from the digital wealth management solutions. Based in London, 1fs Wealth’s AI-powered platform enables wealth owners to consolidate their assets, “control risk,… Read More

November 19, 2024 @ 1:27 am By Omar Faridi  |  

A European wealth gauge aims to assist policymakers with addressing inequality by combining various measure that allow for a more deeper understanding of how wealth distribution impacts the overall health of economies. This, according to an update from the International Monetary Fund (IMF). The IMF… Read More

November 18, 2024 @ 11:07 pm By Omar Faridi  |  

The Singapore e-commerce market is growing at a steady pace and is now expected to register a “strong” compound annual growth rate of “8.9% between 2024 and 2028 to reach SGD33.3 billion ($24.8 billion) in 2028,” forecasts GlobalData, a data and analytics company. GlobalData’s E-Commerce… Read More

November 18, 2024 @ 10:06 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is announces that Utica First, a small business and personal lines insurer, has chosen Akur8’s Core Platform Solution to enhance its pricing models. With Akur8’s support, Utica First will build a predictive modeling… Read More

November 18, 2024 @ 10:05 pm By Omar Faridi  |  

A Bengali man was recently taken into police custody, allegedly in connection with the massive $235 million WazirX crypto hack reported earlier this year. Delhi authorities (in India) apparently made a significant breakthrough in the WazirX hacking incident, by arresting a suspect residing in West… Read More

November 18, 2024 @ 10:04 pm By Omar Faridi  |  

South Korean authorities are reportedly investigating crypto exchange Upbit for numerous KYC (Know Your Customer) violations. Due to these reported compliance failures at the Korean exchange, Upbit might have to pay fines as high as $71,500 for each case along with potential issues with its… Read More

November 18, 2024 @ 10:03 pm By Omar Faridi  |  

UK’s digital bank Zopa reportedly intends to double profits this financial year as it potentially prepares for a 2025 current account launch. Digital bank Zopa is reportedly on track to significantly increase profits and boost yearly revenue by over a third this financial year due… Read More

November 18, 2024 @ 10:01 pm By Omar Faridi  |  

Christian Catalini, Co-Founder & Chief Strategy Officer at Lightspark, Founder at MIT Cryptoeconomics Lab (as well as previously the Co-Creator of failed Facebook-led Diem / Libra projects), explained that stablecoins are considered to be a novel form of interoperable and programmable money. 1/ Stablecoins, a… Read More

November 18, 2024 @ 5:28 pm By JD Alois  |  

BIT Mining, formerly known as 500.com, has been charged with Foreign Corrupt Practices Act (FCPA) violations by the Securities and Exchange Commission (SEC). According to a statement issued by the SEC, BIT Mining has resolved the allegations by paying a $4 million civil penalty. 500.com… Read More

November 18, 2024 @ 5:14 pm By Omar Faridi  |  

Unlimit, the global fintech company, has announced its partnership with Pagaloop, a Latin American B2B payments and cash flow management platform. The partnership will aim to focus on strengthening the Pagaloop app’s credit and debit card processing capabilities and ensuring high approval rates to facilitate… Read More

November 18, 2024 @ 5:13 pm By Omar Faridi  |  

Robinhood Crypto, a division of Robinhood Markets (Nasdaq: HOOD), expands its offering with Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP) for U.S. customers. Robinhood Crypto’s commitment to expanding access whole also maintaining a safe platform now deepens with the addition of 4 digital assets…. Read More

November 18, 2024 @ 5:12 pm By Omar Faridi  |  

Euroclear enters a partnership with Transcend with the aim to introduce a new joint collateral optimization service. The service will aim to bring together Euroclear’s collateral management infrastructure and data with Transcend’s optimization platform to address clients’ collateral optimization requirements. The collab is announced before… Read More

November 18, 2024 @ 11:54 am By JD Alois  |  

Revolut UK CEO has posted that it has been approved for stock trading as the UK Financial Conduct Authority (FCA) has approved a trading license. Francesca Carlesi stated on a blog post: “Today [marks] another important milestone here at Revolut, as our UK trading business… Read More

November 18, 2024 @ 11:42 am By JD Alois  |  

MiCA, or Markets in Crypto Assets regulation, is a transformative change in the European Union that provides regulatory clarity for digital assets that are not deemed to be securities. As the market is quite large, MiCA should help boost crypto innovation in the region—something other regions, like… Read More

November 18, 2024 @ 11:25 am By JD Alois  |  

Ai16z and Ryze Labs have revealed a new incubator, the AICombinator program. The new partnership is described as the first venture capital firm run by autonomous AI agents investing in AI-driven innovation. Ryze Labs invests in blockchain tech around the world. Initially, the program will… Read More

November 18, 2024 @ 11:05 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority FINMA has posted its Risk Monitor for 2024. According to the regulator, there are nine top principal risks for the financial sector aggravated by heightened geopolitical challenges. These highlighted risks are as follows: Risks associated with real estate and… Read More

November 18, 2024 @ 9:51 am By JD Alois  |  

Neo Financial, a Canada-based neobank, has raised $258 million in Series D funding. The new money included around $79 million in equity and $179 million in debt capital. Neo Financial offers various digital banking services in partnership with Peoples Bank of Canada. As a neobank,… Read More

November 18, 2024 @ 9:21 am By JD Alois  |  

Last week, the UK government shared its National Payments Vision – what policymakers are seeking to do to enable “world leading payments” for the country. The UK is a global Fintech hub and payments are seem as  vital to the growth of the UK economy…. Read More