October 21, 2024 @ 8:22 am By Omar Faridi  |  

Digital asset exchange HashKey Global teams up with Regtech firm Sumsub in an effort to accelerate user onboarding and evolving crypto regulations. Regtech company Sumsub explained in a blog post that they’re working with HashKey Global, a licensed crypto-assets exchange under HashKey Group, in order… Read More

October 21, 2024 @ 7:51 am By Omar Faridi  |  

Greg Cipolaro, Global Head of Research at NYDIG, noted that the team has recently examined the various tradeoffs of the available options for bitcoin investors to generate yield on their digital assets holdings. The NYDIG researchers explained in their latest update that the new supply… Read More

October 21, 2024 @ 7:50 am By Omar Faridi  |  

Fintech Stripe has reportedly acquired stablecoin platform Bridge for $1.1 billion, according to an update shared via social media by tech industry entrepreneur Michael Arrington. As mentioned in the announcement, this deal notably makes it Stripe’s largest acquisition to date, and also one of the… Read More

October 20, 2024 @ 10:57 pm By Omar Faridi  |  

Latin America’s digital assets firm Bitso recently noted in an update covering the benefits of stablecoins that when consumers have medium- or long-term plans to make any type of purchase or transaction, they tend to create a savings fund that “allows them to achieve their… Read More

October 20, 2024 @ 9:47 pm By Michael Wong  |  

Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation announced… Read More

October 20, 2024 @ 8:54 pm By Michael Wong  |  

Nada, a Fintech company offering debt-free access to home equity for homeowners, has announced securing a revolving credit facility of up to $25 million from Kawa Capital Management. Kawa, an alternative asset management firm with over $3 billion in assets under management, is renowned for… Read More

October 20, 2024 @ 7:45 pm By Omar Faridi  |  

UK-headquartered Fintech Wise (LSE:WISE) has reportedly gained direct access to Japan’s payment clearing network. As first reported by Reuters, Wise is said to have become the first foreign company to receive approval for direct access to Japan’s bank payment clearing network (know as Zengin). Wise has… Read More

October 20, 2024 @ 7:37 pm By Omar Faridi  |  

LuxSE has reportedly become the first European exchange to list a Yulan bond. As explained in the announcement, the EUR 100 million Yulan bond issued by Orient Securities Company Limited was listed recently on the Luxembourg Stock Exchange on 16 October, making the exchange the… Read More

October 20, 2024 @ 7:00 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) recently released a list of the thirteen themes selected for the second phase of the Drex Pilot, the Brazilian Digital Real. The Executive Management Committee (CEG) reportedly selecte the subjects from 42 different proposals that had been submitted. A… Read More

October 20, 2024 @ 6:54 pm By Michael Wong  |  

Singapore’s Temasek Holdings and Saudi Arabia’s Public Investment Fund (PIF) are expected to maintain their credit strength advantage among rated sovereign wealth funds, Moody’s Investors Service said. Moody’s highlighted that both funds display stronger intrinsic credit quality, supported by superior credit metrics, excellent liquidity, and… Read More

October 20, 2024 @ 6:46 pm By Tony Zerucha  |  

Drop Protocol, a liquid staking protocol for interchain assets and an inaugural member of the Lido Alliance, is reporting that it successfully closed a $4 million seed funding round. The round was led by CoinFund, with additional backing from CMS Holdings, Anagram, Interop Ventures, and… Read More

October 20, 2024 @ 5:45 pm By Omar Faridi  |  

-BVNK announced recently that it is partnering with Circle in an effort to streamline global business payments. BVNK explained that they will be working closely with Circle to bring the utility of stablecoin USDC to more types of payments, which will aim to include global… Read More

October 20, 2024 @ 5:45 pm By Omar Faridi  |  

Digital assets firm Gemini noted that understanding the concept of “crowded trades” – where “net positioning” becomes “skewed” in one direction and the “market consensus is focused on one particular outcome” – is said to be a “time-tested skill” in risk analysis and trade idea… Read More

October 20, 2024 @ 3:50 pm By Michael Wong  |  

MyFO, a Canadian platform catering to family offices and wealth management professionals, has closed its $3.5 million seed funding round, led by Rhino Ventures. The oversubscribed round will help the company scale operations, enhance product offerings, and expand its team as it seeks to meet… Read More

October 20, 2024 @ 2:42 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, is pleased to announce a partnership with Bank Rakyat Indonesia (BRI) in order to offer Indonesian customers with real-time international money transfer capabilities. This collaboration aims to streamline the various cross-border offerings for BRI’s individual and corporate… Read More

October 20, 2024 @ 2:40 pm By Omar Faridi  |  

Hazeltree, a New York-based cloud-based treasury and liquidity management solution for hedge funds and private equity firms, has announced a partnership with Necto API, a fintech  transforming corporate finance and treasury departments by aggregating bank APIs. This will enable Hazeltree to enhance its banking connectivity… Read More

October 20, 2024 @ 12:49 pm By Omar Faridi  |  

Fintech firm Plaid explained that funding a new financial account should be a frictionless process, where account information is verified “instantly” and transfers are initiated quickly. Financial infrastructure Fintech company Plaid also noted that moving cash balances may be fairly straightforward, transferring investment holdings to… Read More

October 20, 2024 @ 7:48 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure, has recently announced a partnership with the International Rescue Committee (IRC), one of the humanitarian organizations helping people affected by crises to survive, recover and rebuild their lives. Ripple and the IRC will now aim to explore how… Read More

October 19, 2024 @ 7:37 pm By Omar Faridi  |  

In today’s business environment, more finance departments are beginning to turn to automation to improve efficiency and job satisfaction. As automation continues to transform financial operations, data suggests that accounts payable (AP) professionals with a “higher degree of automation” are benefiting in their careers as… Read More

October 19, 2024 @ 7:35 pm By Tony Zerucha  |  

Swift is planning to roll out new AI-enhanced fraud detection for the global payments industry. It will be available in January 2025. The new capability builds on Swift’s existing Payment Controls Service by drawing on pseudonymized data from the billions of transactions that flow over… Read More