October 2, 2024 @ 7:42 am By Omar Faridi  |  

The latest DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting Middle East operations. Ripple, the provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) in order to expand its services from the Dubai International Financial… Read More

October 1, 2024 @ 5:22 pm By Omar Faridi  |  

Business lending provider NovaLend, which is focused on supporting small businesses in Poland, has reportedly joined PeerBerry with an 8% annual return on investing in business loans secured by a buyback guarantee. According to the update shared by European investment platform PeerBerry, the lender’s loan… Read More

October 1, 2024 @ 3:00 pm By Omar Faridi  |  

Governor Greg Abbott acknowledged the Texas Stock Exchange (TXSE) and the state’s economic milestones during a recent conference at the Governor’s Mansion in Austin. Celebrated a milestone for the Texas Stock Exchange this morning. Business is booming so much in Texas that we now have… Read More

October 1, 2024 @ 11:51 am By JD Alois  |  

Plata Finance, the Fintech that acquired Zopa’s loan portfolio, has published its full year annual report including financial statements. Plata is an online lender that originates loans while enabling institutional investors and UK-based individual “pre-screened” investors to participate in securities offerings. Plata reports that servicing… Read More

October 1, 2024 @ 11:39 am By Omar Faridi  |  

Three quarters or the majority of UK financial services professionals are preparing for the Chancellor’s upcoming Budget to have at least a moderate impact on their business, according to KPMG’s UK Financial Services Sentiment Survey. More than a quarter (28%) anticipate the impact will be… Read More

October 1, 2024 @ 11:34 am By Omar Faridi  |  

Ethereum (ETH) and Tron (TRX) are reportedly dominating the fast-growing stablecoins ecosystem with a significant 83.9% share, presently valued at $144.4 billion, according to an update from CoinGecko. CoinGecko notes in a research report that Ethereum has the most stablecoins, with $84.6 billion, or 49.1%… Read More

October 1, 2024 @ 11:22 am By Omar Faridi  |  

Matrixport, an all-in-one crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Now doing business as Matrixport… Read More

October 1, 2024 @ 11:06 am By JD Alois  |  

DealMaker, a tech-enabled broker-dealer that specializes in online capital formation, is reporting that issuers using its platform raised over $104 million during Q3 of 2024. The amount raised under the various securities exemptions, grew significantly when compared to previous quarters. DealMaker shares the following information… Read More

October 1, 2024 @ 10:43 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning individuals and entities affiliated with Evil Corp, a cybercriminal operation based in Russia. OFAC is taking the action in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and… Read More

October 1, 2024 @ 10:27 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged three individuals who allegedly concocted a “Pre-IPO Scheme” that raised approximately $120 million. The individuals targeted were Accredited Investors and securities were issued under Reg D. The SEC has charged John LoPinto, Robert Wilkos, and Laren Pisciotti … Read More

October 1, 2024 @ 9:56 am By Omar Faridi  |  

UK business confidence dipped to a three-month low in September, the Lloyds Bank Business Barometer has found. The survey, which ran from 2nd – 16th September, revealed that overall UK business confidence fell three points to 47%, its lowest for three months, but remained higher… Read More

October 1, 2024 @ 9:27 am By JD Alois  |  

The Draghi Report Previously, CI reported that Mario Draghi, formerly the European Central Bank (ECB) president, had hammered the EU on its lack of support for innovation, declaring that Europe is falling behind. The full report, published on the ECB website, states that European “innovation is blocked at… Read More

October 1, 2024 @ 8:38 am By Omar Faridi  |  

Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, announces that it has joined forces with Ownera, a provider of tokenization interoperability routers, to enhance the Fireblocks Network, the digital asset network providing direct connectivity to crypto capital markets…. Read More

October 1, 2024 @ 8:28 am By Omar Faridi  |  

European Payments Initiative (EPI), a European entity claiming to be focused on offering a sovereign payment alternative to all consumers in the region, announced the launch of Wero. The European instant account-to-account payment solution will be available to French customers of BNP Paribas, Groupe BPCE,… Read More

October 1, 2024 @ 8:26 am By Omar Faridi  |  

FOLK2FOLK, the UK’s peer to peer lending company, has announced Carlos Howard as its new Head of Business Development. Carlos brings over 20 years of leadership “experience in financial services, legal, and manufacturing sectors, with a focus on sales, customer care, operations, and strategic roles.”… Read More

October 1, 2024 @ 5:59 am By Tony Zerucha  |  

Recently the United Kingdom’s Department for Business and Trade published its annual Investing in Women Code report. It finds that venture capital fund managers who have signed up to the Code are more likely to invest in female founders. Roughly one in three (32%) of… Read More

September 30, 2024 @ 9:15 pm By Michael Wong  |  

Lendistry, a minority-led fintech and Community Development Financial Institution (CDFI), announced today it has received a $5 million investment from City National Bank. The capital injection aims to expand the provision of individual loans under $100,000 to support the rapidly growing small business sector in… Read More

September 30, 2024 @ 9:12 pm By Omar Faridi  |  

Dante Disparte, Chief Strategy Officer; Head, Global Policy, Circle Internet Financial, notes that with the emergence of fast-evolving fintechs, regulators have sought ways to keep pace with their activities and technologies, “not only in the spirit of leveling the playing field, but also to keep… Read More

September 30, 2024 @ 9:09 pm By Omar Faridi  |  

Fintech firm TrueLayer recently shared its FY2023 report. TrueLayer has reported £12 million of revenue and £55 million in total losses for this financial period. Truelayer is Europe’s open banking network, enabling service providers to onboard users, accept money and carry out payouts within a… Read More

September 30, 2024 @ 9:08 pm By Omar Faridi  |  

LiveFlow has reportedly raised a $13.5 million Series A round in order to modernize accounting and inspire the next generation of accountants. Lasse Kalkar, CEO, LiveFlow noted that the accounting industry is undoubtedly facing major challenges, with “one of the most pressing being a severe… Read More