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

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

July 9, 2024 @ 8:21 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

July 9, 2024 @ 5:24 am By Omar Faridi  |  

Fraud detection and prevention are critical to many businesses; however, they are of growing importance in the banking and finance sector, including card issuers, banks, credit unions, and lenders, according to a report from Juniper Research. There are many anti-fraud measures that have evolved over time,… Read More

July 8, 2024 @ 6:18 pm By JD Alois  |  

Beyond some of the most vocal policies currently being promoted by former President Donald Trump, the 2024 GOP platform promises to “Make America Great Again” while supporting innovation in the US. As part of the innovation initiative, crypto gets a shout-out—something diametrically opposed to the… Read More

July 8, 2024 @ 3:49 pm By JD Alois  |  

SoLo Funds, a peer to peer lender, has settled allegations brought by the Attorney General of Pennsylvania. In a public statement, the AG claimed that Solo Funds “deceptively led borrowers to belive they were receiving interest free loans.” Allegedly, the loans actually incorporated “outrageously inflated… Read More

July 8, 2024 @ 3:32 pm By JD Alois  |  

Multiple US Senators and House Representatives joined recently to issue an Amicus Brief challenging the Securities and Exchange Commission’s attempt to establish climate rules in regard to reporting firms. The Investor Choice Advocates Network (ICAN), a non-profit that advocates on behalf of investors and entrepreneurs, … Read More

July 8, 2024 @ 2:40 pm By JD Alois  |  

The Financial Technology Association (FTA) has published a policy brief on the issues the association is focusing on to advance innovations in financial services. The FTA represents many different types of Fintechs with names like PayPal, Stripe, Wise, Chime, and other well-known names on the… Read More

July 8, 2024 @ 11:00 am By Omar Faridi  |  

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

July 8, 2024 @ 10:46 am By Omar Faridi  |  

Chainalysis has been sharing detailed insights on issues related to MiCA’s Stablecoin Regime and its remaining challenges. Despite the extensive work by the EBA and ESMA, in close cooperation with national regulators, Chainalysis points out that MiCA still leaves “some room for interpretation and uncertainty,… Read More

July 8, 2024 @ 10:45 am By Omar Faridi  |  

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

July 8, 2024 @ 10:40 am By Omar Faridi  |  

Cryptocurrency markets continued to decline during this past  week, with the total market cap slipping by 1.3% compared to the previous week, while bitcoin’s dominance remained steady above 53%, the team at Talos noted in their digital assets / blockchain industry recap report. Talos pointed… Read More

July 8, 2024 @ 10:36 am By Tony Zerucha  |  

Viola FinTech, an operator-led global Fintech venture fund, announced this past week that Scott Galit has joined its advisory board. Galit is the former CEO of Payoneer, an international payments platform that partners with freelancers, SMBs, marketplaces, and enterprises, especially in emerging markets. Previously, Galit… Read More

July 8, 2024 @ 10:00 am By JD Alois  |  

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More

July 8, 2024 @ 9:37 am By Omar Faridi  |  

PeerBerry’s portfolio grew to €114.16 million last month (from €113.12 million at the end of May) further ensuring their investors a higher invested amount, a larger share of which was invested in longer-term loans. The loan supply on the PeerBerry platform was slightly “lower in… Read More

July 8, 2024 @ 9:34 am By Michael Wong  |  

Total funding for Southeast Asian (SEA) Fintech startups dropped 25% to $899 million in the first half of 2024 from $1.2 billion in the same period last year, according to a report released by Tracxn. The global SaaS-based market intelligence platform’s “Geo Semi-Annual Report: SEA… Read More

July 8, 2024 @ 9:31 am By Tony Zerucha  |  

Israeli startup SendBlocks, a blockchain data management company, announced this week that it is coming out of stealth mode with $8.2 million in seed funding. The SendBlocks platform is fully customizable, allowing blockchain enterprises, ecosystems, protocols, and applications to define pertinent data and leave it… Read More

July 8, 2024 @ 9:29 am By Tony Zerucha  |  

Balance, a Canadian digital asset custodian, incorporated Balance Trust Company this week as a special purpose trust under the Loan and Trust Corporations Act in Alberta. In connection with the issuance of the letters patent by Alberta’s Treasury Board and Finance (ATBF), Balance committed $10 million of regulatory… Read More

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

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… Read More

July 8, 2024 @ 9:20 am By Omar Faridi  |  

Assetz Capital, a funder in the SME development lending market, announce a significant enhancement to its development lending solutions, “offering stronger initial day one advances to developers on schemes up to 70% LTGDV.” This strategic offer is designed to equip housebuilders “with robust financial support… Read More

July 8, 2024 @ 8:58 am By Omar Faridi  |  

UK’s ThinCats has shared insights following the new Labour government announcement. Managing Director Ravi Anand gives his thoughts on what ThinCats would like “to see from the new government and challenges them to back growth and invest in mid-sized SMEs.” For any incoming Government, there… Read More