July 31, 2024 @ 6:11 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in aPriori, a project focused on Miner Extractable Value (MEV)-powered liquid staking solutions on Monad, a high-performance Ethereum-compatible L1 smart contract platform. aPriori’s mission is to “decentralize Monad’s network and enhance the user… Read More

July 31, 2024 @ 5:22 am By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announces the establishment of its first global Center of Excellence (COE) focused on Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE will serve as the development hub “for Backbase’s AI banking solutions worldwide and will… Read More

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

C2FO, the on-demand working capital platform, announced that the Small Industries Development Bank of India (SIDBI) is the latest financier to join C2treds. This national funding platform “enables the early payment of invoices to provide much-needed liquidity to India’s micro, small, and medium-sized businesses (MSMEs).”… Read More

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

Network International, the enabler of digital commerce, and Biz2X, a global technology and financing fintech in the U.S., India and Australia with over $10 billion USD funded through its digital lending platform, today announced a new SME financing partnership. The primary objective of the partnership… Read More

July 30, 2024 @ 10:15 pm By Omar Faridi  |  

Consensys announced a research agreement with Smart Transaction Corp (STXN), enabling STXN to investigate ways to further enhance the composability and utility of Ethereum transaction semantics. The research, which is separate from but complementary to MetaMask’s Smart Transactions feature launched in May 2024, will “be… Read More

July 30, 2024 @ 10:13 pm By Omar Faridi  |  

Deloitte’s 2024 Global Tax Policy Survey analyzed the responses of more than 1,000 tax and finance executives within the Forbes 2000 set of multinational organizations, representing a wide range of industries, organization sizes, and geographies to understand how they are handling the immense changes in… Read More

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

In a move to help stop bank impersonation scams and improve the customer experience, Westpac and Optus are introducing a new in-app calling capability for Westpac customers. Westpac SafeCall will allow customers “to receive calls via the app that are Westpac branded, verified by Optus… Read More

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced that it has become the first payment service provider to receive the Reserve Bank of India’s Payment Aggregator license for cross-border payments, for both imports and exports. This approval allows the company to “extend its cross-border… Read More

July 30, 2024 @ 10:10 pm By Omar Faridi  |  

API infrastructure platform M2P Fintech reportedly reached the final stage to secure $80 million at a $900 million valuation. M2P Fintech, previously known as Yap, is said to be in the last few stages of finalizing a new round including new and existing investors, according… Read More

July 30, 2024 @ 5:20 pm By JD Alois  |  

Digital bank LendingClub (NYSE: LC) has released Q2 earnings which are being described as an “inflection point” for the Fintech. Net income increased to $14.9 million from $12.3 million in Q1 2024. LendingClub CEO Scott Sanborn, LendingClub CEO said their product innovations enabled them to… Read More

July 30, 2024 @ 5:02 pm By Omar Faridi  |  

In a strategic move to extend its global footprint, Toss Securities, a securities firm with a data-driven investment platform based in South Korea, is set to establish a new corporate office in the United States. Toss Securities is a subsidiary of the South Korean Fintech,… Read More

July 30, 2024 @ 4:05 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) may be withdrawing its charges against third-party crypto tokens like Solana’s SOL as well as Polygon’s MATIC. These digital tokens have been part of the regulator’s lengthy case against crypto exchange Binance, Breaking: #Solana $SOL is no longer… Read More

July 30, 2024 @ 1:30 pm By JD Alois  |  

The Biden Administration has sought to undermine the digital asset industry. Leading the anti-crypto charge has been Gary Gensler, the Chairman of the Securities and Exchange Commission. As President Joe Biden has recently exited the Presidential campaign, this may lead to a change in policy posture for the current… Read More

July 30, 2024 @ 12:24 pm By JD Alois  |  

Mintos continues to roll out the benefit of a higher interest rate for parked cash. Today, Mintos is announcing that Spanish customers may now access a liquid money market fund managed by Blackrock. The Mintos Smart Cash is a money market fund that is described… Read More

July 30, 2024 @ 12:10 pm By JD Alois  |  

Crypto fraud is an ongoing problem; as quickly as platforms and providers adjust to counter nefarious activity in digital assets, bad actors seem to update their game. Some crypto frauds are legendary in the size of the theft. Xerberus is looking to mitigate crypto fraud with… Read More

July 30, 2024 @ 11:25 am By JD Alois  |  

Digital asset firms have vocally supported the candidacy of former President Donald Trump. The Biden Administration has long been hostile towards crypto, with SEC Chairman Gary Gensler leading the charge of undermining this sector of Fintech, choosing to regulate crypto by enforcement. This means that… Read More

July 30, 2024 @ 11:18 am By Omar Faridi  |  

Fifth Third Bank is pleased to announce a collaborative agreement between Newline by Fifth Third, an embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline and Stripe will “expand embedded financial services… Read More

July 30, 2024 @ 10:53 am By JD Alois  |  

The Bank of England has posted a Discussion Paper on the payments ecosystem. The Paper looks to review innovations in payments and how they can impact the Bank’s monetary and financial stability objectives while bringing opportunities and improvements. The Paper outlines the Bank’s current plans,… Read More

July 30, 2024 @ 10:28 am By JD Alois  |  

Deeptech Labs will be partnering with British Business Investments to funnel £10 million in funding to deep tech firms in the UK as part of the Regional Angels Programme. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. The mission is to… Read More

July 30, 2024 @ 10:10 am By Omar Faridi  |  

NatWest Group has issued its first Electric Vehicle Green bond (the “EV Green Bond”) raising net proceeds of €750 million from institutional investors based in the UK, Europe & Asia. The issuance makes NatWest Group the first UK bank “to issue a green bond where… Read More