July 14, 2024 @ 3:27 pm By Omar Faridi  |  

BOB, a hybrid Layer-2 powered by Bitcoin and Ethereum, announces its $1.6M combined strategic raise led by Ledger Ventures and angel round with funds deployed to broaden the Layer-2’s presence throughout the Bitcoin and Ethereum ecosystems. The list of angel investors reportedly includes leaders “from… Read More

July 14, 2024 @ 12:24 pm By Michael Wong  |  

WeBank, a pioneering Fintech giant, says it has established its new global headquarters in Hong Kong. The headquarters is expected to primarily focus on research and development (R&D) and the commercialization of technological solutions aimed at international markets, according to an announcement. The decision to… Read More

July 14, 2024 @ 12:22 pm By Omar Faridi  |  

Cross-border payments are becoming increasingly important to international economies. Around 63% of global consumers use international real-time payments (RTPs) services to send money to family and friends and 51% use them only to pay for goods and services, according to the 2024 Financial Services Consumer… Read More

July 14, 2024 @ 12:21 pm By Omar Faridi  |  

Bridgewise, a financial research intelligence platform for global securities, has revealed a new fund analysis solution that aims to provide deeper levels of detail into funds and their underlying assets. Powered by AI, including machine learning and advanced language models, Bridgewise will enable deep analysis… Read More

July 14, 2024 @ 12:19 pm By Michael Wong  |  

European banking giant BNP Paribas announced that it has launched the BNP Paribas Cross Asset Trend and AI Index in Brazil in partnership with AI-driven investment solutions company QuantumStreet AI. The newly launched index marries traditional trend-based investment strategies with advanced AI technology provided by… Read More

July 14, 2024 @ 7:10 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently issued an amendment to its October 7, 2020, Cease and Desist Order against Citibank, N.A, Sioux Falls, South Dakota, related “to deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls… Read More

July 14, 2024 @ 5:35 am By Omar Faridi  |  

Due to the increasing reporting requirements of the EMIR REFIT, the Malta Financial Services Authority (MFSA) has issued a survey to assess financial entities’ level of preparedness ahead of the changes coming into force, which “will see the number of reporting fields increasing significantly from… Read More

July 13, 2024 @ 5:18 pm By Omar Faridi  |  

Bank of Ireland has announced the establishment of a new division – Wealth and Insurance. Bank of Ireland’s wholly owned subsidiaries, Davy (Wealth and Capital Markets) and New Ireland Assurance, will be part of this new division. The Wealth and Insurance division will be “led… Read More

July 13, 2024 @ 5:16 pm By Tony Zerucha  |  

This week, COCA, a provider of blockchain-powered financial solutions, launched physical debit cards in more than 50 countries. It’s the newest addition to a product line that already includes virtual cards and a non-custodial wallet. COCA said the cards are designed to function without the… Read More

July 13, 2024 @ 5:05 pm By Omar Faridi  |  

BNY (NYSE:BK), the global financial services company, announced a new agreement with AIA and BlackRock as AIA transforms its investment platform, to support the company’s long-term investment program. Through this agreement, AIA will “implement BlackRock’s Aladdin, a technology platform that unifies the investment management process,… Read More

July 13, 2024 @ 12:57 pm By Omar Faridi  |  

In a survey of crypto participants, a majority 81.6% believed that the crypto bull run was not yet over. This, according to an update shared by CoinGecko. At least 1 in 2 participants, or 52.3%, “estimated that the current bull run was still at its… Read More

July 13, 2024 @ 12:51 pm By Tony Zerucha  |  

Web3 company Wirex has launched Whale, a Telegram app targeting the attention economy. Through active engagement, Whale users can earn rewards, gain access to exclusive token deals, and achieve industry recognition. Wirex said Whale is designed to transform attention into a valuable currency in the digital… Read More

July 13, 2024 @ 11:06 am By Omar Faridi  |  

While public blockchains are inherently transparent and traceable, illicit actors turn to cryptocurrencies “to launder ill-gotten gains for the same reasons people use them for legitimate purposes: they are cross-border, virtually instant, and generally inexpensive to transact,” the team at Chainalysis noted in a blog… Read More

July 13, 2024 @ 9:00 am By Omar Faridi  |  

Stand with Crypto was born in the US as a movement focused on mobilizing the crypto community, the team at Coinbase (NASDAQ:COIN) notes in a blog post. Coinbase explains that Stand with Crypto in Canada is “all about shining a light on the pioneers building… Read More

July 13, 2024 @ 8:56 am By Michael Wong  |  

Exein, a Rome, Italy-based company specializing in embedded IoT cybersecurity, announced it has secured €15 million (about $16.4 million) in a Series B funding round led by 33N, a firm focused on cybersecurity and infrastructure software investments. The round also included contributions from Partech and… Read More

July 13, 2024 @ 6:29 am By Michael Wong  |  

Bangladesh’s BRAC Bank has achieved a significant milestone in digital lending in the country by providing over 12,000 digital instant loans, amounting to more than BDT 1 billion (100 crore), within a year of its soft launch. The bank’s Digital Instant Loan facility, recognized as… Read More

July 13, 2024 @ 6:12 am By Tony Zerucha  |  

Online travel platform Expedia Group has finalized a multiyear agreement with Wells Fargo and Mastercard to launch two new co-branded credit cards. Designed to complement One Key, Expedia Group’s loyalty program, the One Key Card and One Key+ Card will offer more flexibility, savings, and… Read More

July 13, 2024 @ 12:21 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a partnership with RONA inc., one of Canada’s home improvement retailers operating and servicing some 425 corporate and affiliated stores. Now, eligible shoppers can use Affirm to “purchase their home… Read More

July 13, 2024 @ 12:20 am By Omar Faridi  |  

Bitpanda is pleased to share their annual update, marking 2024 as a year of dynamic growth and expansion for Bitpanda Technology Solutions. Bitpanda notes that 2024 has been “a pivotal year for Bitpanda Technology Solutions, marked by diversification and new strategic partnerships.” They have reportedly… Read More

July 13, 2024 @ 12:19 am By Omar Faridi  |  

Millions of U.S. consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. A survey from TransUnion (NYSE: TRU) also revealed that 85% of BNPL users would recommend such loans to others. The… Read More