November 4, 2024 @ 10:06 am By JD Alois  |  

Open banking enabler Salt Edge has announced a partnership with the Central Bank of Bahrain (CBB) to boost its tech stack in regard to its Open Banking Framework and requirement for banks to have APIs for corporate accounts. Bahrain is said to be the first… Read More

November 4, 2024 @ 9:43 am By JD Alois  |  

Last week, the Labour government outlined its budget for the forthcoming year. The Autumn Budget, delivered by Chancellor of the Exchequer Rachel Reeves, sought to address a “black hole” of insufficient funds to fund the government’s programs. One path to generate more funds was an… Read More

November 4, 2024 @ 8:54 am By Omar Faridi  |  

Xero, the global small business platform, released its quarterly Xero Small Business Insights (XSBI) report for Canada, including data from April to June 2024. As noted in the latest report, Canada’s weak small business sales performance continued in the three months to June. The data… Read More

November 4, 2024 @ 8:43 am By Omar Faridi  |  

Ripple releases the quarterly XRP Markets Report to provide transparency and updates on the company’s views on the state of crypto markets and relevant XRP Ledger as well as XRP-related announcements. As an XRP holder, Ripple says it believes in “proactive” communication and transparency and… Read More

November 4, 2024 @ 8:40 am By Omar Faridi  |  

Charles Cascarilla, CEO and co-founder of Paxos, noted in an open letter to Vice President Kamala Harris and Former President Donald Trump that the next presidential administration will determine whether America continues to lead the global financial industry or forfeits that leadership. Cascarilla said the US is at risk of becoming the “Rust… Read More

November 4, 2024 @ 8:28 am By Omar Faridi  |  

abrdn Investments has reportedly become the latest ETF Issuer at SIX Swiss Exchange. As noted in the update shared this month, SIX welcomes abrdn Investments as its latest issuer of Exchange-Traded Funds (ETFs) with their new real estate product. According to the announcement, this addition… Read More

November 4, 2024 @ 8:27 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has announced plans to support the commercialization of asset tokenization. The Monetary Authority of Singapore (MAS) officially announced on November 4, 2024 its plans to advance tokenization in financial services. These include: forming commercial networks to deepen liquidity of… Read More

November 4, 2024 @ 8:24 am By Omar Faridi  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, announced the expansion of its iFlow product offering, with extensive fixed income and equity data analytics. iFlow provides a vantage point of insights into BNY’s $50 trillion+ in assets under… Read More

November 4, 2024 @ 1:48 am By Omar Faridi  |  

CBInsights has released their State of CVC Q3’24 Report. According to the detailed research report from the team at CBInsights, CVCs or corporate venture capital funding show “heightened” interest in early-stage rounds, even as CVC deal-making has reportedly fallen to its “lowest level since 2018.”… Read More

November 4, 2024 @ 12:44 am By Tony Zerucha  |  

Klarna, an AI-powered global payments network and shopping assistant, has launched a flexible payment option for Zoom Workplace. The initiative aims to make digital collaboration more accessible and affordable for businesses and individuals alike. Customers in 16 countries can now use Klarna to manage Zoom… Read More

November 3, 2024 @ 11:03 pm By Omar Faridi  |  

Blockdaemon has announced that they have joined the Proof of Stake Alliance (POSA). By becoming a member, Blockdaemon explained in the update that it now furthers its commitment to promoting “clear standards” as well as supporting the growth of proof-of-stake or PoS technologies. According to… Read More

November 3, 2024 @ 10:48 pm By Omar Faridi  |  

More than 130 countries, representing 98% of global GDP are exploring Central Bank Digital Currencies (CBDCs) to boost financial inclusion and transaction efficiency. Mathias Studach, Head Finance, Risk & Organizational Development at SIX Digital Exchange (SDX) has shared key insights with CI on these developments…. Read More

November 3, 2024 @ 9:42 pm By Michael Wong  |  

The Public Investment Fund (PIF) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) at the Future Investment Initiative (FII) 8th Edition in Riyadh to jointly anchor a proposed $1 billion investment fund. The initiative, announced on October 31, is… Read More

November 3, 2024 @ 7:18 pm By Tony Zerucha  |  

Paxos, a blockchain and tokenization infrastructure platform, has introduced Global Dollar (USDG) – a US dollar-backed stablecoin that Paxos said is “substantively compliant with MAS’ upcoming stablecoin framework.” Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority… Read More

November 3, 2024 @ 6:50 pm By Omar Faridi  |  

Although various other industries have experienced a “renaissance” in tools for the office of the CFO, private capital has lagged behind, according to an update from Carta. Carta claims that they’re now focused on changing that—and will aim to set the stage for an integrated… Read More

November 3, 2024 @ 6:37 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) has added new members to the committee. According to a statement issued by the SEC, four new members have joined the independent Committee that aims to advise the Commission on policies that… Read More

November 3, 2024 @ 6:21 pm By Omar Faridi  |  

Asset tracking is described as the practice of understanding and keeping track of a company’s physical assets, according to an extensive report from Juniper Research. Juniper Research explained in its latest report that asset-tracking software offers an improved way of gathering, effectively analyzing, and applying… Read More

November 3, 2024 @ 6:20 pm By Omar Faridi  |  

Despite the ongoing and seemingly never-ending war and regulatory issues, cryptocurrency adoption has been growing steadily across Eastern Europe and is said to be driven by institutions and DeFi activity. This, according to report from Chainalysis. As the world’s fourth largest crypto market, Eastern Europe… Read More

November 3, 2024 @ 6:20 pm By Omar Faridi  |  

CBInsights has released the latest State of AI Q3’24 Report. CBInsights noted that the quarterly AI (artificial intelligence) deal count surged to reach “highest” level since Q1’22 peak. In Q3’24, CBInsights revealed that the global AI deal count surged “24% QoQ to reach 1,245 —… Read More

November 3, 2024 @ 6:18 pm By Omar Faridi  |  

Preqin, the global firm focused on alternatives data and insight, has recently released its Real Estate Q3 2024 Quarterly Update report. The report shared with CI by Preqin revealed that the gradual rebound in global real estate fundraising this year “stalled in Q3 2024, as… Read More