September 5, 2024 @ 8:23 am By Omar Faridi  |  

Funding Circle UK (LSE: FCH) has released their Half Year 2024 results. Funding Circle says that they delivered “a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in their Full Year Results in… Read More

September 5, 2024 @ 7:03 am By Omar Faridi  |  

Anchorage Digital, home to the only federally chartered digital asset bank in the US, has announced its custody support for Stacks, a Bitcoin Layer 2 solution. Stacks is the first Bitcoin L2 supported by Anchorage Digital, “marking a significant step for institutional involvement in the… Read More

September 5, 2024 @ 5:53 am By Omar Faridi  |  

Red Hat, Inc., the provider of open source solutions, announced it has collaborated with Nationwide Building Society to build and scale its new Business Integration Platform (BIP) to improve customer engagement for 16 million members. Red Hat OpenShift, the hybrid cloud application platform powered by… Read More

September 4, 2024 @ 10:42 pm By Omar Faridi  |  

Ziina, the UAE’s financial platform supporting consumers and businesses, announced that it has raised $22 million in a Series A round led by Altos Ventures. Other investors participating in this investment round reportedly “include Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP,… Read More

September 4, 2024 @ 8:34 pm By JD Alois  |  

Monoova is celebrating its fifth year of providing digital payments in Australia. The company says that in recognition of the milestone it has initiated a brand refresh. Monoova was one of the first providers of PayTo  or “real-time alternative to direct debits.” Since inception, Monoova… Read More

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

Experian has announced its new partnership with Paylink, a provider of affordability software and payments, to address affordability restrictions with debt consolidation loans. This partnership will leverage Paylink’s ReFi product and “expand access to credit for a wider range of consumers through the Experian Marketplace.”… Read More

September 4, 2024 @ 8:24 pm By Omar Faridi  |  

New consumer research reveals that four out of five Gen Z and Millennial Aussie scam victims would share their experiences if it meant helping others. Consumer research commissioned by digital bank, ubank, has revealed nearly three in ten young Aussies reported that they had “been… Read More

September 4, 2024 @ 8:16 pm By Omar Faridi  |  

Fime, a global firm focused on consulting, testing, and certification services, is pleased to announce the acquisition of Consult Hyperion, a consultancy firm with expertise across payments, smart mobility and digital identity. The acquisition augments and cements Fime’s ability “to deliver comprehensive consulting and advisory… Read More

September 4, 2024 @ 8:15 pm By Omar Faridi  |  

NCR Atleos Corporation (NYSE: NATL) announced the launch of a new LibertyX Bitcoin Cashout feature whereby enrolled LibertyX customers can sell Bitcoin, picking up their cash conveniently at ATMs across the United States at thousands of merchant locations with a transaction point within five miles… Read More

September 4, 2024 @ 8:10 pm By Omar Faridi  |  

DNA Payments launched its new Merchant Portal App for iOS and Android, bringing the full functionality of DNA Payments’ Merchant Portal to any smartphone. The app lets merchants accept online payments, “manage their finances, and oversee transactional data, all from their mobile device.” Its built-in… Read More

September 4, 2024 @ 8:07 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and… Read More

September 4, 2024 @ 8:02 pm By Omar Faridi  |  

BillEase, the digital consumer finance platform in the Philippines, today announced TPG’s The Rise Fund has signed definitive documentation to lead a significant strategic investment in the company. With the investment, The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, is leading… Read More

September 4, 2024 @ 8:01 pm By Omar Faridi  |  

Alpaca explains in a blog post that individual retirement arrangements (IRAs) are tax advantaged retirement accounts available for individuals earning income in the U.S. These accounts offer significant tax benefits which “incentivize individuals to save long term for retirement.” These associated incentives often lead to… Read More

September 4, 2024 @ 1:59 pm By JD Alois  |  

The Commodity Futures Trading Commission CFTC has ordered Uniswap to pay a $175,000 civil monetary penalty in regard to allowing “illegal digital asset derivatives trading.” The CFTC said the enforcement action was part of a broader strategy of targeting DeFi or decentralized finance firms. The… Read More

September 4, 2024 @ 1:44 pm By Omar Faridi  |  

Taxbit, the digital asset tax and accounting platform, announced its comprehensive support for the 1099-DA form, a crucial step toward ensuring compliance with the newly released US Treasury and IRS Digital Asset Broker Regulations. This represents an important step towards digital asset tax compliance, as… Read More

September 4, 2024 @ 12:17 pm By JD Alois  |  

The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters.  The PSR says that in 2023, there were over 250,000 cases of… Read More

September 4, 2024 @ 12:02 pm By Omar Faridi  |  

3forge has announced that it has closed on an investment by Morgan Stanley. This is the first time 3forge has “raised external capital since launching in 2011.” 3Forge is described as a high-performance platform developers use to create enterprise applications. Its technology seeks to enable… Read More

September 4, 2024 @ 10:01 am By JD Alois  |  

The House Subcommittee on Oversight and Investigations, part of the House Financial Services Committee, has  scheduled a hearing entitled ” The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors.” The hearing was initially scheduled for this past July… Read More

September 4, 2024 @ 9:45 am By Omar Faridi  |  

Lloyds Bank has teamed up with Cleareye.ai, an artificial intelligence platform, leveraging AI to enhance the processing and compliance checking of trade finance documentation to enable efficiencies for customers. The innovative tech will use optical character recognition, machine learning and natural language processing algorithms in… Read More

September 4, 2024 @ 7:08 am By Omar Faridi  |  

Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, has announced it has raised $15 million in Series A equity funding. The investment round was led by PayPal Ventures, “with participation from NFX, Globo Ventures, Clocktower Ventures, Big… Read More