August 5, 2024 @ 1:58 pm By Omar Faridi  |  

HashKey Global is pleased to announce the completion of Tether (USDT) integration on the BNB Chain, with deposit and withdrawal services now open. HashKey Global now supports USDT deposit and withdrawal services “on the ERC20, TRC20, BEP20, and Arbitrum networks.” As noted in the update,… Read More

August 5, 2024 @ 12:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced a consultation on transfers to the People’s Republic of China (PRC), including the current suspension of “non-specified channels.” The suspension, pertaining mostly to PRC nationals working in Singapore, is in regard to accounts and funds that were… Read More

August 5, 2024 @ 11:26 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Particle Network, the L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. The number of blockchain networks is rapidly increasing, “with a growing proliferation of… Read More

August 5, 2024 @ 10:45 am By JD Alois  |  

The American Fintech Council (AFC) has issued a statement on the bipartisan letter sent by a group of House Representatives asking the Consumer Financial Protection Bureau to adjust requirements pertaining to control of consumer data along the lines of Open Banking. The AFC says they… Read More

August 5, 2024 @ 10:14 am By Omar Faridi  |  

Sweater, which is focused on becoming the VC fund for everyone, explains that it’s building the first venture capital fund that everyone can invest in—accredited or not. The company is currently in the midst of a funding round on StartEngine. According to the offering page,… Read More

August 5, 2024 @ 10:01 am By Omar Faridi  |  

Klickl, the Middle East’s Web3 open finance platform, has partnered with Sumsub, a global full-cycle verification platform, to meet stringent regulatory requirements for cryptocurrencies and improve user identity verification. This collaboration enhances Klickl’s compliance, fraud prevention, and user asset security. Sumsub will integrate comprehensive KYC… Read More

August 5, 2024 @ 9:49 am By JD Alois  |  

The sky is about to fall today as markets are tanking following the US Federal Reserve’s decision not to cut rates, a moribund jobs report in the US, and Warren Buffet dumping half of his position in Apple (the largest holding in his portfolio), driving… Read More

August 5, 2024 @ 9:25 am By JD Alois  |  

A group of US House Representatives have sent a letter to the Consumer Financial Protection Bureau (CFPB) requesting the agency revise use of personal data. Led by Representatives Mike Flood, Brittany Pettersen, Erin Houchin, and ten other Representatives, the letter notes that the Personal Financial… Read More

August 5, 2024 @ 8:31 am By Omar Faridi  |  

With a vast array of tools and samples at their disposal, organized ransomware cybercriminal groups often have proprietary ransomware samples, while standalone criminals frequently rely on leaked DIY variants to launch their attacks. Latest research by Kaspersky reveals the recent ransomware attacks “using the leaked… Read More

August 5, 2024 @ 8:26 am By Omar Faridi  |  

Konsentus announced that Konsentus Verify, Europe’s open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account “access is never granted to unauthorised third parties, giving consumers and businesses the highest… Read More

August 5, 2024 @ 8:25 am By Omar Faridi  |  

The European Central Bank (ECB) and the European Banking Authority (EBA) have recently released a joint report on payment fraud. The report assesses payment fraud data reported semi-annually by payment service providers across the European Economic Area (EEA) for a variety of payment instruments, such… Read More

August 5, 2024 @ 8:18 am By Omar Faridi  |  

Global venture capital investment rose to a five-quarter high in the second quarter of 2024, from $75.3 billion in the first quarter to $94.3 billion. This is shown by the latest Venture Pulse 2024 from KPMG. This development is mainly due “to very large investments… Read More

August 5, 2024 @ 6:27 am By Tony Zerucha  |  

Cartona, a B2B platform digitizing and empowering stakeholders of Egypt’s traditional trade market – including mom-and-pop stores, hotels, restaurants, ​​cafes, FMCG companies, ​​and ​wholesalers – has completed an $8.1 million ​​Series A extension ​fundraise. The round was led by Algebra Ventures, an Egyptian tech venture… Read More

August 5, 2024 @ 5:44 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has shared an update on the Dormant Assets Scheme expansion covering Investment assets and client money. The FCA noted that they have amended their rules and guidance in ode “to enable dormant investment assets and client money to be… Read More

August 4, 2024 @ 11:58 pm By Omar Faridi  |  

Nexi, the European PayTech, has reportedly signed an agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. As a result of this partnership, 176 credit unions of… Read More

August 4, 2024 @ 10:56 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino’s cloud-based platform. With nCino’s intelligent solutions, Shawbrook’s team will… Read More

August 4, 2024 @ 10:29 pm By Omar Faridi  |  

PeerBerry investors funded €48.5 million in loans last month (about 1.6% more than in June) as the loan supply on the platform was slightly higher in July compared to June. In July, PeerBerry investors reportedly received €963,700 in interest. PeerBerry’s outstanding portfolio “grew to €114.36… Read More

August 4, 2024 @ 10:06 pm By Omar Faridi  |  

Industry veteran James Greaves, ex-Vice President of Zelle and President and Co-Founder of Fractal, a payment platform providing simple and efficient payment solutions to SaaS companies, divulges insights and predictions on the future of payments in fintech and why fintech integrations are the next frontier… Read More

August 4, 2024 @ 10:01 pm By Omar Faridi  |  

Iress (IRE: ASX) has announces it has completed the sale of its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP. As announced on 15 March 2024, Bain has “purchased the UK Mortgages business for a total cash consideration of £85m ($A167m)… Read More

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

More than one in 10 Canadians have experienced payment fraud in the past six months, indicating similar year-over-year patterns (13 per cent in 2024 compared to 14 per cent in 2023), according to a new study from Payments Canada. For many Canadians, concern around fraud… Read More