December 9, 2024 @ 11:12 am By JD Alois  |  

NAO, a Berlin-based Fintech, has raised €3.4 million in Seed funding, according to a company statement. The round was said to be led by a family office of a Swiss private investor. The Wealthtech says it is on a mission to become the top investing… Read More

December 9, 2024 @ 10:59 am By Omar Faridi  |  

As the crypto industry had speculated on if and when Bitcoin could hit the $100,000 milestone (which it has now surpassed reaching a high of more than $103,000) analysis by Copper.co’s Head of Research Fadi Aboualfa suggests ETF flows could be the driver to get… Read More

December 9, 2024 @ 10:53 am By Omar Faridi  |  

The Commodity Futures Trading Commission’s Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants has recently issued a staff advisory on the use of artificial intelligence in CFTC-regulated markets by “registered entities and registrants.” The advisory reminds CFTC-regulated entities of their obligations under… Read More

December 9, 2024 @ 9:32 am By JD Alois  |  

The change in the US administration is expected to usher in a new era of digital asset innovation. During the Biden Administration, there was open hostility toward crypto that went beyond the pursuit of fraud and scams. Many firms sought to be regulated but were… Read More

December 9, 2024 @ 9:14 am By Michael Wong  |  

French crowdfunding platform Ulule has acquired its KissKissBankBank from La Banque Postale for an undisclosed amount, according to reports.  La Banque Postale acquired KissKissBankBank in 2017. At the time of the purchase the CEO of La Banque Postale explained the move as responding to new consumption… Read More

December 9, 2024 @ 8:36 am By Tony Zerucha  |  

AI’s growing spectre, geopolitical conflict, and surging energy demand are deVere Group CEO Nigel Green’s three biggest trends shaping 2025. Investors who align their portfolios with these forces are set to capitalize on significant opportunities amid turbulent times. Geopolitical tensions are escalating across multiple regions…. Read More

December 9, 2024 @ 8:33 am By Omar Faridi  |  

Brighty, a digital finance platform that enables crypto-card payments in the real world, announces a $10 million round from Futurecraft Ventures. The funds will be used to expand its presence in Europe and the UK. Brighty is a personal finance app that combines traditional digital… Read More

December 9, 2024 @ 8:30 am By Omar Faridi  |  

We have just scratched the surface of what AI can do in Fintech, and 2025 will bring “new trends into play,” according an industry outlook from Giuseppe Sette of Reflexivity and Raakhee Miller of Siebert. CI received insightful comments on the fintech industry’s outlook for… Read More

December 9, 2024 @ 5:41 am By Tony Zerucha  |  

The British Business Bank increased its ENABLE Funding commitment to Simply Asset Finance, a UK independent asset finance provider. It allows Simply Asset Finance to provide more than £175 million of finance to smaller businesses across the UK. A portion of the funding has been… Read More

December 8, 2024 @ 11:08 pm By Tony Zerucha  |  

This week, Sightglass, an AI-powered investor relations platform for private markets, announced it has raised a $3 million seed funding round led by Base10 Partners. Sightglass was founded by Thomas Buley, who was most recently the VP of product at Guideline. The company will use the funding to… Read More

December 8, 2024 @ 11:06 pm By Omar Faridi  |  

Revolut UK is focused on building out its Board with two senior appointments. The update from the digital bank comes as Revolut is working through the mobilization period for its UK Bank. According to the announcement from Revolut, Fiona Fry and Sir Peter Estlin join… Read More

December 8, 2024 @ 11:03 pm By Tony Zerucha  |  

A co-author of the Consumer Financial Protection Act of 2010 believes California’s new earned-wage access (EWA) rule is a positive step that other states can look to when building their own rules. Tom Scanlon is now the general counsel and chief compliance officer at Rain,… Read More

December 8, 2024 @ 11:01 pm By Omar Faridi  |  

As Ethereum (ETH), the largest smart contract platform and second-largest crypto-asset by market cap, surpasses the $4000 mark, insights from Nansen, a chain analytics firm, shed light on what this development signifies and what is to be expected going forward. Nicolai Sondergaard, Research Analyst at… Read More

December 8, 2024 @ 11:00 pm By Omar Faridi  |  

2025 Citi Hildebrandt Client Advisory reports significant law firm industry revenue growth was driven by increasing demand. Demand was pivotal to growth in 2024, ignited by a diverse range of law firm practices including “litigation, regulatory, bankruptcy.” Optimism will continue as a key theme in… Read More

December 8, 2024 @ 10:58 pm By Omar Faridi  |  

Last month, the total losses from Web3 security incidents have reportedly amounted to appr. $86.24 million. According to the SlowMist Hacked Database, 21 hacking incidents were recorded, resulting in losses of appr. $76.86 million, of which “$25.5 million was recovered.” As mentioned in the update… Read More

December 8, 2024 @ 10:23 pm By Tony Zerucha  |  

Insurers have learned that investments in app development pay off in happy customers, the J.D. Power 2024 U.S. Claims Digital Experience Study reveals. Auto and home insurers have spent the past year adding dozens of new features and refinements to their mobile apps, such as… Read More

December 8, 2024 @ 4:25 pm By Omar Faridi  |  

BNP Paribas Wealth Management noted that in 2025, investors should keep front of mind a few select trends, especially in a challenging context. First, BNP Paribas noted that lower interest rates will support “leveraged asset classes,” such as real estate, infrastructure and private equity. Furthermore,… Read More

December 8, 2024 @ 4:23 pm By Tony Zerucha  |  

While 83% of U.S. small businesses expect more good than bad things to happen for their companies, 51% are categorized as financially unhealthy. Among those who are financially unhealthy, 61% are carrying revolving debt on their business credit cards, and  63% are borrowing with those cards… Read More

December 8, 2024 @ 4:21 pm By Omar Faridi  |  

Finance automation firm Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a key milestone in its international expansion. Since establishing a… Read More

December 8, 2024 @ 4:15 pm By Tony Zerucha  |  

Equifax (NYSE: EFX) and Mastercard (NYSE: MA) have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. Enhanced fraud management tools, including Mastercard Identity, Ethoca Alerts and Ethoca Consumer Clarity, are now available to Mastercard… Read More