November 20, 2024 @ 5:22 am By Omar Faridi  |  

Australians are freeing up more of their wallet for discretionary purchases with a focus on value and convenience, according to the CommBank iQ Cost of Living Insights analysis. Overall spending continues to trail inflation, up by just “1.5 per cent compared to the same time… Read More

November 19, 2024 @ 10:34 pm By Omar Faridi  |  

The Central Bank of Brazil (BCB) noted in an update that Pix now has security rules that apply for registering new devices. As mentioned in the update from BCB, cellphones, computers, and tablets being used in Brazil must now be registered with the bank to… Read More

November 19, 2024 @ 10:28 pm By JD Alois  |  

WBTC, a wrapped version of Bitcoin that enables access to the Ethereum network, is being de-listed on Coinbase. The suspension of the digital asset will take place on December 19th. At the same time, Coinbase listed cbBTC, a digital asset that utilizes Arbitrum. The WBTC… Read More

November 19, 2024 @ 7:55 pm By JD Alois  |  

Nexbridge, in partnership with Bitfinex Securities, will offer tokenized US Treasuries, according to a release. The digital securities will utilize Bitcoin’s Liquid Network and Blockstream’s AMP technology. USTBL is said to be the first regulated offering for “US Treasury exposure” built on Bitcoin tech. The… Read More

November 19, 2024 @ 6:20 pm By Omar Faridi  |  

Paymentology, a platform that provides APIs for firms to issue cards and process them anywhere in the world quickly, has announced a partnership with Mexico-based digital bank albo, aimed at accelerating its growth and strengthening its position across personal and business finance. Established back in 2016 and… Read More

November 19, 2024 @ 3:18 pm By JD Alois  |  

Cash management and capital markets solutions Arc has launched an artificial intelligence (AI) platform for private credit. Arc Intelligence is said to be the first AI-enabled platform to tackle private credit. The first product is AI Private Credit Analyst, designed to assist credit teams in… Read More

November 19, 2024 @ 1:20 pm By Omar Faridi  |  

Ilya Lichtenstein was sentenced to 60 months for his alleged role in laundering more than 120,000 Bitcoin, which was reportedly stolen from the crypto exchange Bitfinex in 2016. This was the sentence recommended by Department of Justice (DOJ) attorney Jessica Peck. Lichtenstein’s wife, Heather “Razzlekhan” Morgan, is… Read More

November 19, 2024 @ 1:13 pm By Omar Faridi  |  

Ascen, the Y Combinator-funded back office platform for contract staffing, announced its partnership with workforce payments platform Branch to offer faster payment solutions for staffing companies. The partnership enables staffing firms that turn to Ascen for EOR and payroll services to offer “same-day payouts” as… Read More

November 19, 2024 @ 1:08 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has acquired TradePMR, a registered investment advisor (RIA) with $40 billion in assets under administration based in Florida. TradePMR is said to have “one of the strongest RIA networks in the industry.” The goal is customer acquisition, and the two companies plan to build… Read More

November 19, 2024 @ 11:43 am By JD Alois  |  

Minu, an employee wellness platform in Mexico, has raised $30 million Series B. Noted Fintech VC QED Investors led the funding round along with the participation of new investors Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies, and Working Capital… Read More

November 19, 2024 @ 11:34 am By JD Alois  |  

The European Union approved the Instant Payments Regulation (IPR) this past March. The goal is to accelerate the rollout of instant payments in Europe and cover credit transfers denominated in Euros within the EU. Payment Service Providers (PSPs) that enable transfers shall also offer the… Read More

November 19, 2024 @ 10:12 am By JD Alois  |  

Shares of Bakkt (NYSE:BKKT) continue to trade higher following a report by the FT that the crypto firm may be in talks to be acquired by Trump Media. Bakkt, founded by ICE – the parent company of the NYSE, once had high hopes of becoming… Read More

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