November 6, 2024 @ 8:11 am By Omar Faridi  |  

Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would reportedly enable digital asset transactions to settle with fiat payment systems across more than 11,500 FIs, across 200+ countries and territories…. Read More

November 5, 2024 @ 2:38 pm By Tony Zerucha  |  

According to the J.D. Power 2024 U.S. Small Business Banking Satisfaction Study released this week, overall customer satisfaction among small business owners has surged 20 points (on a 1,000-point scale) this year as economic outlooks continue to improve, and banks have stepped up their game… Read More

November 5, 2024 @ 2:37 pm By Omar Faridi  |  

Brazilians’ financial health index average rose to 56.7 points in 2024, the highest score in the past three years (an increase of 0.5 points compared to 2023). This data comes from the fourth survey round calculating the Brazilian Financial Health Index (I-SFB). The Brazilian Federation… Read More

November 5, 2024 @ 2:10 pm By JD Alois  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank says that its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months. Cross River reports that funding has been spread across 65 loans nationwide, the deals ranged… Read More

November 5, 2024 @ 12:22 pm By Tony Zerucha  |  

A catastrophic hurricane season has shed light on the reinsurance industry as it faces significant cost increases. Ted Georgas, co-founder and CTO of Nayms, a crypto-native reinsurance marketplace, said blockchain-based systems could dramatically reduce those costs. Georgas explained that reinsurance is a mechanism where insurance… Read More

November 5, 2024 @ 11:00 am By JD Alois  |  

Paul Grewal, Chief Legal Officer at Coinbase (NASDAQ:COIN), has taken to X to air his grievance with the ongoing US Federal Government attempting to impede the development of digital asset firms. Commenting on their FOIA [Freedom of Information Act] request, Grewal says that the FDIC… Read More

November 5, 2024 @ 7:46 am By JD Alois  |  

In the past week, Bitcoin (BTC) has swung between ~$73,000 and $64,000 displaying significant volatility in the run up to today’s Presidential election. Conventional wisdom is that crypto markets will boom if former President Donald Trump is elected. Things are so clear if Vice President… Read More

November 5, 2024 @ 7:34 am By JD Alois  |  

The Capital Gains Tax (CGT) is moving higher in the UK, and firms and individuals are adjusting their behaviour. One way to mitigate CGT is to invest in companies that qualify under the EIS/SEIS/VCT programs, as there are potentially no capital gains taxes paid at… Read More

November 5, 2024 @ 7:24 am By Tony Zerucha  |  

The  FTC’s new “click-to-cancel” rule, designed to simplify the process of ending subscriptions, has created a stir, putting additional pressure on subscription businesses to reassess their strategies. Research from payment processor Solidgate suggests the problem is dire. Solidgate surveyed 1,000 adults and found that 25%… Read More

November 5, 2024 @ 7:21 am By Omar Faridi  |  

Deutsche Telekom subsidiary MMS, in collaboration with Bankhaus Metzler, is launching a pilot project to operate a Bitcoin mining infrastructure using surplus energy. The mining is intended to be powered by electricity from renewable energy sources, which would otherwise “remain unused” due to “insufficient” grid… Read More

November 5, 2024 @ 7:19 am By Omar Faridi  |  

Experian research released recently highlights a strong interest among U.S. consumers in using generative AI for personal financial management. The tech and data company has reportedly surveyed consumers across the country to understand current perceptions about generative AI and how frequently Americans are tapping into… Read More

November 5, 2024 @ 7:18 am By Omar Faridi  |  

Anchorage Digital is pleased to be an initial partner of the Global Dollar Network (GDN), an alliance of professionals in fintech and digital assets committed to accelerating the adoption of safe and trusted stablecoins. Nathan McCauley, Co-Founder and CEO of Anchorage Digital said that their… Read More

November 5, 2024 @ 7:15 am By Omar Faridi  |  

Wise (LSE:WISE), the tech company building the “best” way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus. Wise claims… Read More

November 5, 2024 @ 5:20 am By Omar Faridi  |  

Plato Partnership, the organization dedicated to advancing the equities marketplace via collaboration, announces standards for managing cash equities market outages, developed by Plato member firms with discussions with exchanges including Deutsche Börse, Euronext, SIX Swiss Exchange, and Nasdaq OMX. Although not all standards have been… Read More

November 4, 2024 @ 10:50 pm By Omar Faridi  |  

Sygnum, a digital asset banking group, announces the transition of its Yield Core AMC, a product that invests in yield-generating strategies in crypto, including lending, funding arbitrage and liquidity provision, into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure. This evolution broadens the fund’s international… Read More

November 4, 2024 @ 10:49 pm By Tony Zerucha  |  

Independent Community Bankers of America (ICBA) president and CEO Rebeca Romero Rainey said the recent CFPB action against VyStar Credit Union highlights an oversight gap in need of urgent attention. VyStar Credit Union was dinged for harming consumers through its botched rollout of a new… Read More

November 4, 2024 @ 10:45 pm By Omar Faridi  |  

Nansen has teamed up with Scroll to elevate onchain analytics in the Scroll ecosystem. Nansen’s integration with Scroll will now aim to bring more transparency and accessible ecosystem insights to everyone. Nansen further noted that they are officially announcing their collaboration with Scroll, a zero-knowledge… Read More

November 4, 2024 @ 10:44 pm By Omar Faridi  |  

As the Web3 ecosystem continues to mature and evolve, significantly more capital is flowing into the crypto-assets sector — which, in many cases, has provided opportunities for hackers to “profit” from this by exploiting vulnerabilities on-chain. This, according to an update from CertiK. Unfortunately, blockchain… Read More

November 4, 2024 @ 10:43 pm By Omar Faridi  |  

New research reveals that more than two-thirds of younger Australians use some kind of budgeting methods. It comes as digital banking platform Ubank introduces a Bills account in addition to their Spend and Save accounts. Australian digital bank, Ubank, has officially rolled out a new… Read More

November 4, 2024 @ 10:42 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it plans to open an office in Riyadh in 2025. The office will now aim to strengthen HKEX’s Middle East presence as the Group looks to promote connectivity between China and the Gulf… Read More