August 9, 2024 @ 8:58 am By Omar Faridi  |  

Fenergo and Deloitte Ireland have announced an agreement to deliver Fenergo’s AI-powered CLM solutions to financial institutions across EMEA. The alliance combines Fenergo’s technology “with Deloitte’s technology-enabled business transformation expertise to create a Centre of Excellence for CLM.” The collaboration will empower financial institutions and corporates “to… Read More

August 9, 2024 @ 8:53 am By Omar Faridi  |  

In Q2 2024, the venture ecosystem showed modest signs of improvement, according to an update from Carta. In Q2 2024, the venture ecosystem exhibited some signs of improvement, but “not a drastic break, from Q1,” the report from Carta revealed. Based on current data, companies… Read More

August 9, 2024 @ 8:52 am By Omar Faridi  |  

BitGo says it has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This comes after its in-principle approval from several months prior. Singapore‘s regulatory framework is said to support its “commitment to offering regulated, secure, and compliant digital asset services… Read More

August 9, 2024 @ 8:50 am By Omar Faridi  |  

CBInsights has released an extensive update focused on the role of “Big Tech in Fintech: How Amazon and Google are battling to own transactions.” The comprehensive research report from CBInsights pointed out that while Amazon and Google have reeled in their efforts to offer their… Read More

August 9, 2024 @ 8:48 am By Omar Faridi  |  

Thunes, a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-border payments from 15 international e-wallets and mobile partners via Alipay+. This collaboration leverages the Thunes Global Network, “enhancing convenience for Asian tourists in France, as they enjoy a… Read More

August 9, 2024 @ 8:47 am By Omar Faridi  |  

CaixaBank has mobilized a total of €67.16 billion in sustainable finance according to data at the end of June 2024. This figure means having surpassed “the objective of the bank’s Sustainable Banking Plan, included in the 2022-2024 Strategic Plan, six months before the end of… Read More

August 9, 2024 @ 7:28 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, announced Selfie Reverification – a way to validate return consumers online with a simple selfie from any device in under 2 seconds. The Selfie Reverification capability matches “an incoming selfie… Read More

August 9, 2024 @ 5:03 am By Omar Faridi  |  

NICE Actimize, a NICE (NASDAQ: NICE) business, announced the introduction of SURVEIL-X Behavior, the newest AI-powered solution in its market-leading SURVEIL-X Holistic Employee Conduct Surveillance suite. In addition to its surveillance coverage “for markets, communications, sales practices & suitability, and conflicts of interest, NICE Actimize’s… Read More

August 9, 2024 @ 4:59 am By Omar Faridi  |  

NatWest has announced a £100 million term loan guaranteed by UK Infrastructure Bank (UKIB), and a £25 million term loan to support Quickline Communication’s large-scale broadband expansion in Yorkshire and Lincolnshire. This is alongside a £125 million term loan from UKIB. The financing from NatWest… Read More

August 8, 2024 @ 5:22 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart kids, announced a collaboration with Google to connect with the Fitbit Ace LTE, a first-of-its-kind smartwatch that helps kids lead active, independent lives while giving parents peace of mind. Starting… Read More

August 8, 2024 @ 5:15 pm By Omar Faridi  |  

CloudPay, the independent provider of global payroll and payment solutions, announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital… Read More

August 8, 2024 @ 5:14 pm By Omar Faridi  |  

Two large private equity buyouts propelled the total value of investments in Canadian fintechs to a new high in the first six months of the year amidst a broader persistent slump in Canadian and global investment, according to KPMG International‘s H1’24 Pulse of Fintech report…. Read More

August 8, 2024 @ 3:56 pm By JD Alois  |  

The Commodity Futures Trading Commission is reporting that the US District Court for the Southern District of New York has entered a consent order of permanent injunction and other relief against FTX Trading and Alameda Research. The duo has been ordered to pay $12.7 billion in… Read More

August 8, 2024 @ 2:17 pm By JD Alois  |  

While the UK is pretty crypto-friendly compared to the US, this does not mean you can flout existing rules. Yesterday, the Financial Conduct Authority (FCA) issued a statement warning digital asset firms to comply with rules. If certain unnamed firms do not improve, “we will act,” the… Read More

August 8, 2024 @ 1:22 pm By Omar Faridi  |  

NCR Voyix Corporation (NYSE: VYX), a global provider of digital commerce solutions, and Veritas Capital, an investor at the intersection of technology and government, announced the signing of a definitive agreement under which an affiliate of Veritas has agreed “to acquire NCR Voyix’s cloud-based digital… Read More

August 8, 2024 @ 11:37 am By JD Alois  |  

Following a GAAP net loss of $9.4 million or $0.12 loss per diluted share revealed in Q2 operating results, NerdWallet (Nasdaq: NRDS) will restructure and slash 15% of its workforce. Tim Chen, co-founder and CEO of NerdWallet, said they met their topline expectations of generating… Read More

August 8, 2024 @ 11:16 am By JD Alois  |  

The British Business Bank has issued a statement committing to providing £2.3 for smaller UK businesses—a record amount. At the same time, the group has posted an “unrealized loss” as valuations in long-term investments have declined. The loss for 2023/2024 stands at £122 million. The Bank… Read More

August 8, 2024 @ 11:10 am By Omar Faridi  |  

AU10TIX, a global technology enabler of identity verification and management, today unveiled its advanced anti-money laundering (AML) solution. Designed to address the significant business risks posed by financial crimes such as money laundering, fraud, and terrorism financing, the solution “incorporates rigorous internal quality checks and… Read More

August 8, 2024 @ 10:41 am By Omar Faridi  |  

JP Morgan Payments announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States. The pay-by-face biometric payment solution “allows shoppers to complete transactions more seamlessly, removing the need for customers to pull out their phones or credit cards.”… Read More

August 8, 2024 @ 9:23 am By Omar Faridi  |  

Octane (Octane Lending, Inc.), the fintech enhancing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million “in total equity funding to date.” The capital will… Read More