October 20, 2024 @ 7:37 pm By Omar Faridi  |  

LuxSE has reportedly become the first European exchange to list a Yulan bond. As explained in the announcement, the EUR 100 million Yulan bond issued by Orient Securities Company Limited was listed recently on the Luxembourg Stock Exchange on 16 October, making the exchange the… Read More

October 20, 2024 @ 7:00 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) recently released a list of the thirteen themes selected for the second phase of the Drex Pilot, the Brazilian Digital Real. The Executive Management Committee (CEG) reportedly selecte the subjects from 42 different proposals that had been submitted. A… Read More

October 20, 2024 @ 6:54 pm By Michael Wong  |  

Singapore’s Temasek Holdings and Saudi Arabia’s Public Investment Fund (PIF) are expected to maintain their credit strength advantage among rated sovereign wealth funds, Moody’s Investors Service said. Moody’s highlighted that both funds display stronger intrinsic credit quality, supported by superior credit metrics, excellent liquidity, and… Read More

October 20, 2024 @ 6:46 pm By Tony Zerucha  |  

Drop Protocol, a liquid staking protocol for interchain assets and an inaugural member of the Lido Alliance, is reporting that it successfully closed a $4 million seed funding round. The round was led by CoinFund, with additional backing from CMS Holdings, Anagram, Interop Ventures, and… Read More

October 20, 2024 @ 5:45 pm By Omar Faridi  |  

-BVNK announced recently that it is partnering with Circle in an effort to streamline global business payments. BVNK explained that they will be working closely with Circle to bring the utility of stablecoin USDC to more types of payments, which will aim to include global… Read More

October 20, 2024 @ 5:45 pm By Omar Faridi  |  

Digital assets firm Gemini noted that understanding the concept of “crowded trades” – where “net positioning” becomes “skewed” in one direction and the “market consensus is focused on one particular outcome” – is said to be a “time-tested skill” in risk analysis and trade idea… Read More

October 20, 2024 @ 3:50 pm By Michael Wong  |  

MyFO, a Canadian platform catering to family offices and wealth management professionals, has closed its $3.5 million seed funding round, led by Rhino Ventures. The oversubscribed round will help the company scale operations, enhance product offerings, and expand its team as it seeks to meet… Read More

October 20, 2024 @ 2:42 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, is pleased to announce a partnership with Bank Rakyat Indonesia (BRI) in order to offer Indonesian customers with real-time international money transfer capabilities. This collaboration aims to streamline the various cross-border offerings for BRI’s individual and corporate… Read More

October 20, 2024 @ 2:40 pm By Omar Faridi  |  

Hazeltree, a New York-based cloud-based treasury and liquidity management solution for hedge funds and private equity firms, has announced a partnership with Necto API, a fintech  transforming corporate finance and treasury departments by aggregating bank APIs. This will enable Hazeltree to enhance its banking connectivity… Read More

October 20, 2024 @ 12:49 pm By Omar Faridi  |  

Fintech firm Plaid explained that funding a new financial account should be a frictionless process, where account information is verified “instantly” and transfers are initiated quickly. Financial infrastructure Fintech company Plaid also noted that moving cash balances may be fairly straightforward, transferring investment holdings to… Read More

October 20, 2024 @ 7:48 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure, has recently announced a partnership with the International Rescue Committee (IRC), one of the humanitarian organizations helping people affected by crises to survive, recover and rebuild their lives. Ripple and the IRC will now aim to explore how… Read More

October 19, 2024 @ 7:37 pm By Omar Faridi  |  

In today’s business environment, more finance departments are beginning to turn to automation to improve efficiency and job satisfaction. As automation continues to transform financial operations, data suggests that accounts payable (AP) professionals with a “higher degree of automation” are benefiting in their careers as… Read More

October 19, 2024 @ 7:35 pm By Tony Zerucha  |  

Swift is planning to roll out new AI-enhanced fraud detection for the global payments industry. It will be available in January 2025. The new capability builds on Swift’s existing Payment Controls Service by drawing on pseudonymized data from the billions of transactions that flow over… Read More

October 19, 2024 @ 5:32 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – recently revealed that it had repaid investors a EUR 435 000 loan (real estate project “Šilo 23”) and paid their investors EUR 41 648 in total interest payments. In other key updates shared recently in a… Read More

October 19, 2024 @ 4:34 pm By Tony Zerucha  |  

This week, XTM launched a Global Workers Payout Program called PayNow. XTM is a provider of payment solutions, including tipping-payout and certified earned wage access (EWA) through QRails AnyDay. The new program empowers temporary workers to open a secure digital bank account to receive earnings,… Read More

October 19, 2024 @ 4:27 pm By Omar Faridi  |  

Investment platform TWINO recently shared the latest performance and activity update highlighting key developments from September. TWINO has provided a detailed overview of what’s been going on as of late on their European investment platform: Key TWINO Platform Stats: 12.29% average interest rate; interest paid… Read More

October 19, 2024 @ 4:23 pm By Tony Zerucha  |  

Simplismart announced this week a $7 million funding round for its infrastructure, which enables organizations to deploy AI models. The company hopes to position itself as the critical enabler for AI’s transition into mainstream enterprise operations. The Series A funding round was led by Accel,… Read More

October 19, 2024 @ 4:19 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital financial services platform outside of Asia, announces the expansion of its Working Capital offerings, its first loan solution for business customers. As mentioned in the announcement from Brazil’s Nubank, the volume of loans granted grew by… Read More

October 19, 2024 @ 4:19 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), in collaboration with the banking sector, announced several measures to support small and medium-sized enterprises (SMEs) in their development, upgrade, and transformation. Aimed at enhancing competitiveness and productivity, these initiatives come as SMEs navigate changing market conditions. Since launching… Read More

October 19, 2024 @ 4:18 pm By Omar Faridi  |  

Activity at small and medium-sized businesses fell “marginally” in September, while new work and employment numbers continued to grow, the NatWest SME Growth Tracker has revealed. The NatWest UK SME Business Activity Index – which aims to effectively measure MoM changes in the output of… Read More