August 26, 2024 @ 4:23 pm By JD Alois  |  

Plutus Lending LLC, DBA Abra, has been charged by the Securities and Exchange Commission (SEC) with offering and selling a retail crypto asset lending product. Abra has settled the charges without admitting or denying them. Abra has consented to an injunction prohibiting it from violating the… Read More

August 26, 2024 @ 4:12 pm By JD Alois  |  

Shri Shaktikanta Das, Governor of the Reserve Bank of India, touched on multiple topics pertaining to Fintech at a global conference entitled Digital Public Infrastructure and Emerging Technologies. Digital Public Infrastructure (DPI) and Emerging Technologies are expected to shape the futures of all economies, said… Read More

August 26, 2024 @ 10:30 am By Omar Faridi  |  

DNA Payments, a provider of payment solutions for the hospitality and food & beverage (F&B) sectors and a member of Oracle Partner Network (OPN), announced its Pay at Reception, Pay at Counter and Pay at Table solutions “are now available on Oracle Cloud Marketplace and… Read More

August 26, 2024 @ 10:24 am By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce a partnership with Ozys, a blockchain technology company, with the goal of strengthening the security of the Web3 ecosystem. Ozys is… Read More

August 26, 2024 @ 10:13 am By JD Alois  |  

Superchief Gallery has tokenized $5.1 million in the art, according to a note from the firm. Founded in 2012 in Brooklyn, New York, Superchief claims the title as the world’s first NFT gallery. The gallery has also worked with Christie’s and the first CryptoPunk auction…. Read More

August 26, 2024 @ 10:05 am By Omar Faridi  |  

PeerBerry’s business partner, real estate developer Lithome, has recently revealed that it repaid investors €1.5 million loan (real estate project “City stories II”) and paid their investors €145 684 in interest. In another update, it was noted that PeerBerry’s business partner, real estate developer SIB… Read More

August 26, 2024 @ 8:52 am By JD Alois  |  

The stablecoin market has “surged” to an all-time high. It is dominated by dollar-based stablecoins, and Tether is leading the pack with its USDt. The stablecoin market cap has now reached a record $168.07 billion, topping the previous high of $167 billion in March 2022. Tether reports that… Read More

August 26, 2024 @ 8:44 am By JD Alois  |  

The American Fintech Council (AFC) is continuing its expansion of members joining the advocacy group with Minnesota-based Stearns Bank. The bank was founded in 1912 with physical locations in Minnesota, Florida and Arizona. Stearns reports assets of around $3.2 billion. The bank is independently owned… Read More

August 26, 2024 @ 8:31 am By Omar Faridi  |  

BitGo and Pier Two are pleased to announce that, effective immediately, Pier Two’s staking services will be natively integrated into BitGo’s platform, and accessible by BitGo’s global institutional customers. The coming together of BitGo’s globally regulated custody, financial services, and core infrastructure and Pier Two’s… Read More

August 26, 2024 @ 8:30 am By Omar Faridi  |  

After a first semester of major events in the crypto world (Bitcoin halving , approval of ETH and BTC exchange-traded funds or ETFs, etc.), Bitso —the crypto-driven financial services company in Latin America— released the second edition of its report Crypto Panorama in Latin America:… Read More

August 26, 2024 @ 8:27 am By Omar Faridi  |  

New research from MillTechFX reveals hedging strategy divergence among UK and US corporates. The latest research from FX-as-a-Service pioneer, MillTechFX, has “revealed UK corporates have dropped their hedge ratios by around six percentage points, possibly due to increased political certainty, while US corporates increased theirs… Read More

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

The total venture capital (VC) funding raised by the US-based startups reportedly improved by 2.4% year-on-year (YoY) during January-July 2024 despite a 41% decline in VC deal volume. The country continues to lead the global VC landscape “with a significant gap over its peers, leading… Read More

August 25, 2024 @ 11:34 pm By Omar Faridi  |  

As the August bank holiday approaches, the UK’s retail and hospitality sectors are anticipating a significant surge in sales, according to consumer spend insights from global data and technology company Experian and Reward, an industry participant focused on customer engagement. The forecast, which is based… Read More

August 25, 2024 @ 10:36 pm By Omar Faridi  |  

Digital payment trends are said to be picking up in Singapore with Gen Z leading shift, according to a report. Currently, two-thirds (68%) of Singapore’s Generation Z “prefer to pay with PayNow and close to 3 out of 10 use GrabPay (29%). New research by… Read More

August 25, 2024 @ 9:44 pm By Omar Faridi  |  

Carta has shared the VC Fund Performance for Q1 2024. Carta’s inaugural VC fund performance report analyzes benchmarks for more than 1800 funds across six recent vintages. There has been tremendous upheaval in the venture capital markets “since interest rates began to rise in early… Read More

August 25, 2024 @ 9:41 pm By Michael Wong  |  

The Philippines’ financial industry is poised to accelerate the development of non-financial applications within the embedded finance sector by over 42% annually, according to a recently released report by Fintech Alliance PH. The report highlights the growing influence of fintech in non-banking sectors such as… Read More

August 25, 2024 @ 9:03 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £6m loan to Gatehouse Hub Ltd to fund the development of 19 industrial logistics units spread over 43,487 sq.ft., and a wellness centre comprising of 6,458 sq.ft. on the outskirts of Burgess Hill in… Read More

August 25, 2024 @ 8:52 pm By Omar Faridi  |  

Maybank integrates art into its wealth management strategies, reflecting the Bank’s commitment to offering diversified and holistic solutions that will not only drive financial growth but also “enrich the lives of its clients while at the same time support local artists.” Recognizing the value of… Read More

August 25, 2024 @ 7:53 pm By Michael Wong  |  

A significant majority of consumers, 78%, in India now prefer to conduct their banking digitally through mobile apps or websites, according to a recent report by Alkami Technology. This shift underscores the broader move towards cashless transactions and contactless payments, trends that have accelerated significantly… Read More

August 25, 2024 @ 7:39 pm By Omar Faridi  |  

Estateguru has shared the Loan portfolio overview for the month of July 2024. As of July 2024, Estateguru‘s loan portfolio has “demonstrated consistent performance, with approximately €8 million in repayments each month.” The 12-month portfolio remains robust, “delivering steady interest payments to our investors.” Of… Read More