July 7, 2024 @ 5:38 pm By Omar Faridi  |  

The past few weeks have been really hectic for the crypto and blockchain space and certain developments may have gone somewhat unnoticed. For instance, Yield App, which claimed to have been focused on unlocking the full potential of digital assets “with a simple, safe, and… Read More

July 7, 2024 @ 4:58 pm By Omar Faridi  |  

Nik Storonsky, the CEO of Revolut, has spent the last ten years focused on disrupting the traditional banking / financial services sector with various innovations. The Fintech billionaire and ex- Lehman Brothers trader is now looking to enhance the existing venture capital space. Storonsky has… Read More

July 7, 2024 @ 4:55 pm By Omar Faridi  |  

Productivity growth goes in cycles and Australia is currently within the normal bounds of a low productivity growth period, rather than a “crisis” as commonly characterized, according to a research report from KPMG. However, there would be cause for concern if this downturn continues to… Read More

July 7, 2024 @ 4:30 pm By Michael Wong  |  

The International Trade Centre’s (ITC) SheTrades Initiative, Visa, and the Qatar Fintech Hub (QFTH) operated by Qatar Development Bank (QDB) have unveiled the latest phase of their partnership aimed at bolstering youth and women entrepreneurs in Kuwait and Qatar. This collaboration introduces “Small Steps to… Read More

July 7, 2024 @ 3:49 pm By Omar Faridi  |  

In the wake of the Halving, Bitcoin’s hashrate (30D MA) has “fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s,” according to an update shared by Coin Metrics earlier this week. In its extensive crypto and blockchain industry report, Coin Metrics pointed… Read More

July 7, 2024 @ 3:32 pm By Michael Wong  |  

Azimut Egypt, a subsidiary of the global asset management firm Azimut International Holding, announced that it has secured the first Fintech license from Egypt’s Financial Regulatory Authority (FRA) for its new digital investment platform, “azinvest.” This marks a significant milestone in Egypt’s asset management sector… Read More

July 7, 2024 @ 11:47 am By Omar Faridi  |  

British Business Bank doubles existing ENABLE Guarantee transaction with Oxbury Bank to £200m, including innovative new green finance structure. The original £100m transaction was announced in November 2023 – “supporting more than £140m of lending into the rural economy in less than six months.” The… Read More

July 7, 2024 @ 8:56 am By Michael Wong  |  

North Carolina Governor Roy Cooper has vetoed House Bill 690 (HB 690), which sought to prohibit the state from using or participating in the testing of central bank digital currencies (CBDCs) conducted by the Federal Reserve, according to reports. The bill, titled “An act to… Read More

July 7, 2024 @ 3:47 am By Omar Faridi  |  

Plaid has released its State of Diversity, Equity, Inclusion, and Belonging (DEIB) report. In this year’s report, Plaid commented on the progress made from the previous year and their reflections on how their DEIB efforts have “grown at Plaid—including their focus on sustainability and creating… Read More

July 6, 2024 @ 7:51 pm By Tony Zerucha  |  

Alloy, an identity risk management platform for companies that offer financial products, announced this week that Kathryn Cook has joined the company as its new chief marketing officer. Cook joins the company following nine years at nCino, an Alloy partner and provider of cloud banking for the… Read More

July 6, 2024 @ 4:10 pm By Omar Faridi  |  

Tangem AG, the global provider of secure hardware wallet solutions, is pleased to announce a partnership with Visa (NYSE: V), a global enabler of digital payments, to support an innovative self-custodial payment solution for hardware wallets. This development introduces a Visa payment card “that is… Read More

July 6, 2024 @ 3:07 pm By Omar Faridi  |  

IDVerse, a key player focused on generative AI identity solutions, celebrates a significant milestone as TrustID, a firm specializing in identity verification and fraud prevention, joins its growing roster of clients. TrustID, the certified identity service provider (IDSP) and industry participant, has “chosen IDVerse to… Read More

July 6, 2024 @ 2:05 pm By Omar Faridi  |  

Iress and Atom bank recently revealed that they have entered a new five-year contract for Iress’s MSO software, to be offered as a cloud-powered managed service. Atom bank has reportedly been an Iress MSO client since 2016. As an original seed client, Atom bank has… Read More

July 6, 2024 @ 2:00 pm By Omar Faridi  |  

Cashbee are pleased to announce their €7.5M capital raising and would like to highlight key aspects of this transaction. The Cashbee investment round is led by MIF (Mutuelle d’Ivry La Fraternelle) with the participation of several of their historical shareholders, “including 115K, La_Banque Postale ‘s… Read More

July 6, 2024 @ 1:55 pm By Tony Zerucha  |  

Blockchain and AI-based real estate company Propy announced this week that millionaire entrepreneur and equity fund manager Grant Cardone has listed his mansion in Golden Beach, Fla., on its site. The asking price is $42 million, and cryptocurrency is accepted. The home is listed on… Read More

July 6, 2024 @ 1:52 pm By Michael Wong  |  

FreeBnk, a Lithuania-based fintech company specializing in services for crypto investors, has announced raising $3 million through a combination of equity and token funding. The investment round saw participation from Founderheads, ChaiTech Ventures, LVT Capital, and Lavender Capital. The company said it will use the… Read More

July 6, 2024 @ 1:51 pm By Omar Faridi  |  

UK’s PensionBee, an online pension provider, has officially responded to the 2024 General Election result. Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Today, we welcome a new government, and as they take office, we anticipate significant advancements in several key areas of pension… Read More

July 6, 2024 @ 1:43 pm By Omar Faridi  |  

At Payhawk, they claim to be all about simplifying the lives of financial professionals. One way Payhawk does this is by “making international transactions seamless and eliminating the need for multiple tools.” With Payhawk‘s comprehensive, cost-effective spend management solution, you “get corporate cards, automated receipt… Read More

July 6, 2024 @ 1:42 pm By Michael Wong  |  

Canada’s financial regulator announced on Friday that it will delay the implementation of new rules requiring banks to change how they calculate lending risks, a move intended to give the country’s banks more time to adapt, Bloomberg has reported. The Office of the Superintendent of… Read More

July 5, 2024 @ 4:04 pm By JD Alois  |  

FATF [Financial Action Task Force ] met last month and provided a brief update on the global association’s attempt to reign in the cryptosphere. FATFA established the “Travel Rule” while the US held the chair of the group. This rule requires buyers and sellers of… Read More