October 19, 2024 @ 4:15 pm By Tony Zerucha  |  

The Financial Technology Association (FTA) this week spoke out against the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on BNPL products. FTA president and CEO Penny Lee said the two organizations share the goal of consumer health. However, the CFPB’s results are inadequate. “Millions… Read More

October 19, 2024 @ 10:17 am By Tony Zerucha  |  

DNA Fund, a player in emerging tech and Web3 investments, has acquired Coral Capital Holdings, an investment management firm that has previously managed millions in the DNA founders’ funds. DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor,… Read More

October 19, 2024 @ 10:14 am By Tony Zerucha  |  

This week Surfshark released Data Leak Checker, a free, online service that lets users monitor the safety of their personal information. Powered by Surfshark Alert, this tool allows users to check if their personal data has been compromised in a data leak by simply entering… Read More

October 19, 2024 @ 10:12 am By Omar Faridi  |  

Mastercard (NYSE: MA) has officially introduced a range of new open banking-powered tools that put consumers in control of their data, safely and securely. Global payments firm Mastercard is launching Connect Plus, which is said to be data-consent command center, and new enhanced identity and… Read More

October 18, 2024 @ 5:58 pm By Omar Faridi  |  

A recent TransUnion (NYSE: TRU) analysis finds that fraud is said to be costing businesses the equivalent of nearly 7% of revenues. According to the extensive report from TransUnion, three in four business professionals indicated fraud stayed the “same or increased” in the last year;… Read More

October 18, 2024 @ 5:57 pm By Omar Faridi  |  

North America remains the largest crypto market globally, with an estimated $1.3 trillion in on-chain value received between the time period of July 2023 and June 2024, accounting for around 22.5% of all such activity. This, according to an update from Chainalysis. The research report… Read More

October 18, 2024 @ 5:55 pm By Omar Faridi  |  

Akur8 is announcing its collaboration with the Insurance Company of Prince Edward Island. The Canadian insurer will now be leveraging the RISK as well as the DEMAND modules of Akur8’s pricing platform in order to boost the efficiency of its model development process. This partnership enhances… Read More

October 18, 2024 @ 5:54 pm By Omar Faridi  |  

HKMA has recently introduced several different strategic measures to support SMEs’ development, upgrade and transformation. The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced measures in order to further support, via financing as well as banking products and services, the “continuous development”… Read More

October 18, 2024 @ 12:45 pm By Omar Faridi  |  

The mood or overall sentiments among Chief Executive Officers (CEOs) of Germany based firms regarding the economic situation remains tense. This, according to an extensive update from KPMG. Only a good three out of four (77%) company leaders still have “confidence in their firm’s overall… Read More

October 18, 2024 @ 12:31 pm By JD Alois  |  

Silicon Prairie Holdings has added a new feature to its platform – a voting module for issuers to poll investors. Silicon Prairie is a full-stack online capital formation provider that also offers services like secondary transactions with an ATS and tools to manage cap tables,… Read More

October 18, 2024 @ 11:54 am By JD Alois  |  

Crypto money is pouring into the state of Ohio to defeat Democrat Senator Sherrod Brown. Seen as a winnable seat by Republicans, Senator Brown is currently the Chairman of the Senate Banking Committee and widely known as someone who is anti-crypto and against Fintech in… Read More

October 18, 2024 @ 11:41 am By Omar Faridi  |  

DriveWealth, a financial tech platform offering Brokerage-as-a-Service, has recently announced its end-to-end integration with multiple execution management system (EMS) platforms, including Bloomberg EMSX, LSEG Autex and TRAFiX. With these integrations, institutional broker-dealers are able to connect with DriveWealth’s platform and benefit from streamlined trade booking,… Read More

October 18, 2024 @ 9:44 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has recently announced that the Crystal Trust, acquired from Evolve Pensions this past year, has been consolidated into the Smart Pension Master Trust. Evolve Pensions provided workplace pension services via their master trust, the Crystal Trust… Read More

October 18, 2024 @ 8:04 am By JD Alois  |  

Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple  reported… Read More

October 18, 2024 @ 7:43 am By Omar Faridi  |  

The Bank of Ireland has issued an urgent fraud alert, cautioning that  businesses are being targeted with so-called ‘Live chat’ scams. Bank of Ireland is now specifically warning UK businesses about a recent increase in ‘Live chat’ scams. According to the update from the Bank… Read More

October 18, 2024 @ 7:40 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has signed an agreement with a subsidiary of funds advised by Elliott Advisors (UK) Limited for the on-going sale of “substantially all” of Klarna’s short-term, interest free product receivables in the United Kingdom. Klarna will still… Read More

October 18, 2024 @ 7:39 am By Omar Faridi  |  

Almost half (49%) of small businesses in the UK stated that they have not benefited in some way from falling inflation this year, according to a new poll commissioned by iwoca — one of Europe’s SME lenders. The research study, which comes ahead of the… Read More

October 17, 2024 @ 7:24 pm By Omar Faridi  |  

Paxos recently revealed that it’s planning an expansion to the Stellar Network which would be in collaboration with the  Stellar Development Foundation. Paxos confirmed that it will integrate with the Stellar network, which is desribed as an open-source blockchain that’s used for a range of… Read More

October 17, 2024 @ 6:37 pm By Omar Faridi  |  

a16z has shared the State of Crypto Report 2024, which examines data on swing states, stablecoins, AI, builder energy, and offers other key insights. Daren Matsuoka, Robert Hackett, and Eddy Lazzarin noted that when they launched their very first annual State of Crypto report two… Read More

October 17, 2024 @ 6:33 pm By Omar Faridi  |  

NEXT Insurance, a tech-first small business insurer, announced a “record 18 months” of product innovations and customized tools focused on improving the insurance agent experience. These advancements are said to include the launch of ACH payments, offering flexible payment options and improved management features, including… Read More