November 3, 2024 @ 4:16 pm By Omar Faridi  |  

FLock.io, a platform for federated learning on blockchain, announced that it has entered into an MoU with Animoca Brands, the company driving digital property rights via NFTs and gaming to help build the open metaverse, to explore “co-creation opportunities” for domain-specific AI models using FLock.io’s… Read More

November 3, 2024 @ 4:15 pm By Michael Wong  |  

Australian crowdfunding platform Equitise has entered administration after failing to secure new funding necessary to sustain its operations, according to a filing lodged with the corporate regulator seen by The Australian Financial Review. It was reported earlier this year that Equitise had lost its license… Read More

November 3, 2024 @ 4:09 pm By Michael Wong  |  

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

November 3, 2024 @ 4:06 pm By Omar Faridi  |  

Crypto.com announced recently the acquisition of a SEC registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This strategic acquisition should now enable Crypto.com’s new subsidiary to offer equities and equity options (among other things) to “eligible traders in the U.S.” Kris Marszalek,… Read More

November 2, 2024 @ 5:25 pm By Omar Faridi  |  

Artificial intelligence is increasingly finding its way into the cloud, according to a report from KPMG which revealed that 97 per cent of companies in Germany that use cloud services obtain their AI (artificial intelligence) solutions from cloud providers. The research report noted that the… Read More

November 2, 2024 @ 4:33 pm By Omar Faridi  |  

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

November 2, 2024 @ 4:23 pm By Omar Faridi  |  

The Federal Trade Commission revealed recently that it is sending more than $2.5 million to consumers who were said to be “misled” by “deceptive claims” from credit services company Credit Karma. The FTC reportedly took action against Credit Karma back in 2022, alleging that the… Read More

November 2, 2024 @ 4:21 pm By Omar Faridi  |  

In October of 2024, Web3 security incidents led to total losses of approximately $147 million. According to the comprehensive SlowMist Blockchain Hack Archive, 28 separate attacks resulted in about $129 million in losses, with $19.3 million later recovered. These incidents are said to have involved… Read More

November 2, 2024 @ 4:20 pm By Omar Faridi  |  

Bitpanda noted that October 31st marked World Savings Day, a global reminder to prioritize financial wellbeing. Bitpanda also mentioned in a blog post that while traditional savings accounts have been a fairly popular choice over the years, the current dynamic financial landscape offers more innovative… Read More

November 2, 2024 @ 4:19 pm By Omar Faridi  |  

PitchBook has released its report, entitled Q4 2024 Exploring APAC’s Fintech Pathways: Part II: Southeast Asia. PitchBook has shared a deep dive into Southeast Asia’s fast-evolving fintech developments by navigating regional market nuances. According to the research study, the APAC region has many relatively strong… Read More

November 2, 2024 @ 4:18 pm By Michael Wong  |  

Listed firm CryptoBlox Technologies Inc. has announced its acquisition of Blockchain Fintech Unipessoal LDA, a Portuguese company specializing in blockchain-based financial technologies. The announcement was part of the amended agreement that revises the initial acquisition terms disclosed on March 5, 2024, reflecting the latest developments… Read More

November 2, 2024 @ 4:16 pm By Omar Faridi  |  

Sixteen years following the release of Bitcoin’s White paper, the fast-evolving cryptocurrency space has transformed in ways that perhaps early enthusiasts could hardly have imagined. This, according to a recent update from Nexo. Nexo explained that what started as pretty much an experiment in digitizing… Read More

November 2, 2024 @ 4:14 pm By Omar Faridi  |  

Bloomberg had reported this past week that enterprise blockchain company R3 has held discussions with certain representatives at Ava Labs (which is known to be focused on the development of Avalanche), the Solana Foundation and Adhara regarding a possible minority investment in the company, or… Read More

November 2, 2024 @ 4:13 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN), a new initiative designed to reinforce Singapore’s standing as a major global fintech hub while promoting international connectivity for impactful financial innovation. The GFTN aims to build on… Read More

November 2, 2024 @ 7:37 am By Tony Zerucha  |  

Bitcoin (BTC) is likely to reach fresh all-time highs should Donald Trump win the US presidential election, predicts deVere Group CEO Nigel Green. The statement comes days before Americans hit the polls. BTC is currently around $71,000. The highest recorded price, $73,737, was paid on… Read More

November 2, 2024 @ 5:26 am By Michael Wong  |  

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market. The SIS platform, known for providing wealth management and capital markets software solutions,… Read More

November 1, 2024 @ 5:44 pm By Tony Zerucha  |  

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

November 1, 2024 @ 4:57 pm By Tony Zerucha  |  

As the Presidential election nears, Vice President Kamala Harris and former President Donald Trump are issuing stances on everything from the environment to finances. When it comes time to weigh the credibility of those statements, the founder and CEO of decentralized telecommunications network Chirp urges… Read More

November 1, 2024 @ 4:53 pm By Tony Zerucha  |  

Fintel Connect, a provider of growth marketing solutions for the financial industry, has launched Fintel Check for BaaS, an automated, cost-accessible fintech partner monitoring tool designed for Banking-as-a-Service (BaaS) sponsor banks and middleware providers. With Fintel Check for BaaS, BaaS banks will have access to… Read More

November 1, 2024 @ 4:45 pm By Tony Zerucha  |  

This week, LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data… Read More