August 13, 2024 @ 6:26 am By JD Alois  |  

Retail trading platform Spectrum Markets says European retail investors are bullish on crypto. Part of the reason for this statement is that some US Presidential candidates have indicated their support of digital asset innovation. Michael Hall, Head of Distribution at Spectrum Markets, said that former President… Read More

August 13, 2024 @ 6:11 am By Omar Faridi  |  

KeyCorp (NYSE: KEY) announced it has reached an agreement under which The Bank of Nova Scotia (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing “approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per… Read More

August 13, 2024 @ 6:02 am By Omar Faridi  |  

Amazon (NASDAQ:AMZN) and Santander (NYSE: SAN) have announced a partnership to launch its new Amazon Visa credit card in Germany. The card has no annual fee and does “not require customers to open a new bank account.” Amazon Visa enables customers to earn rewards “while… Read More

August 13, 2024 @ 6:01 am By Omar Faridi  |  

FullCircl, a UK-based Regtech, has announced a new partnership with LSEG Risk Intelligence. The partnership provides instant access “to a broad global collection of information providers supporting document verification, biometric checks, and third-party data validation, helping regulated businesses reduce identity fraud whilst delivering a superior… Read More

August 13, 2024 @ 6:00 am By Omar Faridi  |  

Balderton has recently announced $1.3B in new funds to back Europe’s top entrepreneurs as they build world-changing businesses. Balderton Capital, which claims to be one of Europe’s technology venture capital firms, confirmed in a blog post its $615 million Early Stage Fund IX and $685… Read More

August 13, 2024 @ 5:33 am By Omar Faridi  |  

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners, is now complete. This represents the second and final… Read More

August 13, 2024 @ 4:11 am By Omar Faridi  |  

Unit, the financial infrastructure platform that powers embedded finance, announced a strategic partnership with Lincoln Savings Bank (LSB). This collaboration will power LSB to expand its embedded finance offerings and “further cement its reputation as an innovative financial institution.” Founded in 1902, Lincoln Savings Bank… Read More

August 12, 2024 @ 10:20 pm By Omar Faridi  |  

Wise Payments Ltd. intends to begin signing up new clients in India for global remittances following a pause. This will be done to potentially acquire a larger share of a market that’s reportedly grown to $32 billion. The London-headquartered Fintech has stopped taking additional clients… Read More

August 12, 2024 @ 10:19 pm By Omar Faridi  |  

Hong Kong’s Fintech ecosystem is reportedly focusing on growth plans across Greater Bay, along with closer cooperation with Shenzhen. As first reported by the SCMP, the Fintech association intends to further expand its operations and programs in the Greater Bay Area, according to Chair Lareina… Read More

August 12, 2024 @ 10:18 pm By Omar Faridi  |  

Mox Bank Limited is making it easier for Mox Invest customers to expand their portfolios with exchange-traded cryptocurrency funds (Crypto ETFs) directly on Mox Invest. The service offers a convenient way to gain “exposure to the crypto market through a regulated and familiar investment platform… Read More

August 12, 2024 @ 10:17 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in Thailand is introducing the Digital Asset Regulatory Sandbox to facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in the real-life context. Interested parties are welcome to “participate in the Sandbox to… Read More

August 12, 2024 @ 10:13 pm By Omar Faridi  |  

In June 2023, the Financial Services Agency of Japan (FSA) amended the Payment Services Act (PSA) to provide an updated regulatory framework for crypto assets and stablecoins. According to an update from Blockdaemon, these regulations have clear implications “for Crypto Asset Exchange Service Providers (CAESP)… Read More

August 12, 2024 @ 10:12 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its founders, Cynthia and Eddy Petion. The charges allege a $650 million crypto fraud involving over 200,000 investors worldwide. NovaTech’s alleged pyramid scheme was registered in St. Vincent and the Grenadines. It… Read More

August 12, 2024 @ 3:31 pm By Omar Faridi  |  

Talos’s Co-founder and CEO Anton Katz recently discussed key trends in the institutional adoption of digital assets and how his firm claims that it is positioned to support institutions in trading crypto and beyond. Here are a few takeaways from Anton Katz, which were shared… Read More

August 12, 2024 @ 3:30 pm By Omar Faridi  |  

Camilo Tellez-Merchan, Head of Digital Payments Innovation Hub, Better Than Cash Alliance, United Nations Capital Development Fund (UNCDF), and Gisela Davico, the Latin America & Caribbean Lead and Global Gender Lead, Better Than Cash Alliance have shared key insights that have released in a blog… Read More

August 12, 2024 @ 3:28 pm By Omar Faridi  |  

The US venture market continues a slow evolution by way of correcting expectations and valuations, “at least in some arenas of the market,” according to an update from PitchBook. Artificial intelligence and machine learning (AI & ML) is “driving interest across the strategy, with company… Read More

August 12, 2024 @ 3:27 pm By Omar Faridi  |  

UK’s digital bank Monzo announces that it surpassed 10 million personal customers in the UK as it continues to make money work for everyone. The milestone follows Monzo’s first full year of profitability, a funding round and various product announcements as the firm moves forward… Read More

August 12, 2024 @ 2:14 pm By Omar Faridi  |  

Chinese tech giant Tencent has reportedly decided to cash in its stake in UK neobank Tide as part of an overall retreat from its global investments strategy. Tencent has reportedly offloaded its shares to an unidentified buyer or group of buyers. Tencent, known for its… Read More

August 12, 2024 @ 2:13 pm By Omar Faridi  |  

Visa (NYSE: V) data shows spending at the 2024 Olympic Games is boosting the French economy The biggest share of overseas spend “comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.” Visa, the official payment technology partner of… Read More

August 12, 2024 @ 2:12 pm By Omar Faridi  |  

Fintech investments in China made a modest recovery towards the end of 2023 and trickled over into 2024. Among the top ten fintech deals in ASPAC, five originated from Chinese Mainland and Chinese Hong Kong. Despite the regulatory hiccups in China, fintech is poised “to… Read More