June 30, 2024 @ 11:50 am By Omar Faridi  |  

Consensys claims that it fully expected the US Securities and Exchange Commission (SEC) to follow through on its threat to claim their MetaMask software interface must register as a securities broker. Consensys further noted via social media that the SEC has been pursuing an “anti-crypto… Read More

June 30, 2024 @ 11:22 am By Omar Faridi  |  

Bank of Ireland, the Ireland Strategic Investment Fund (ISIF), and Pearl Property Managers Limited (Pearl) have launched a new fund with an initial value of €55 million that will grow in the future, and support the delivery of more than 2,500 new homes over the… Read More

June 30, 2024 @ 10:56 am By Omar Faridi  |  

Nubank (NYSE: NU) announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking platforms, “bringing smarter, fairer, and more personalized financial products and services to Nubank’s customers.” Hyperplane, launched in 2022 and… Read More

June 30, 2024 @ 10:55 am By Omar Faridi  |  

Nium, the global enabler of real-time cross-border payments, announced the appointment of Spencer Hanlon to the role of Chief Operating Officer (COO). Previously, Hanlon served as Nium’s Global Head of Travel, “spearheading one of the company’s fastest-growing business units.” Hanlon joined Nium in 2021 via… Read More

June 30, 2024 @ 10:50 am By Omar Faridi  |  

The Kita Foundation, an initiative focused on the Social-Fi space, has announced that it has secured a venture capital investment from FZF Ventures in the first half of 2024. This partnership marks a key milestone in the foundation’s mission “to foster innovation and growth within… Read More

June 30, 2024 @ 10:43 am By Michael Wong  |  

Snappi, the pioneering Greek neobank, has obtained a universal banking license from the European Central Bank (ECB), following a proposal by the Bank of Greece. This approval marks a crucial milestone in Snappi’s mission to deliver next-generation financial services across Europe. The licensing process was… Read More

June 30, 2024 @ 10:32 am By Michael Wong  |  

Digital banking platform Ibanera has partnered with data-centric ECN firm DMALINK to address the financial challenges faced by technology companies. The collaboration merges DMALINK’s expertise in FX trading with Ibanera’s cross-border payment solutions, offering a comprehensive financial toolkit tailored to the needs of tech firms… Read More

June 30, 2024 @ 9:29 am By Omar Faridi  |  

The Payments Canada Board of Directors announced the appointment of Susan Hawkins to President and CEO of Payments Canada, effective August 12, 2024. Garry Foster, Chair of the Payments Canada Board of Directors said: “We are thrilled to appoint Susan Hawkins to lead Payments Canada… Read More

June 29, 2024 @ 7:01 pm By Tony Zerucha  |  

Pathward’s new report – Embedded Finance – Executive Perspectives shares how executives view a growing trend that’s set to grow almost fivefold to $248.4 billion by 2032. One key takeaway is there is opportunity for consultants to assist with strategy and implementation. Most senior executives,… Read More

June 29, 2024 @ 6:34 pm By Tony Zerucha  |  

Open Banking in a Box, a new program from Open Banking Excellence (OBE), helps regulators globally develop their open banking markets. It gives access to insights, expertise and practical advice from the UK’s experience in creating its open banking blueprint. This provides the building blocks… Read More

June 29, 2024 @ 6:31 pm By Omar Faridi  |  

FloQast recently announced the results of its latest survey, Embracing Financial Transformation: What It Is, Why Organizations Should Want It, and How to Achieve It. The survey released by FloQast explores factors of “both awareness and understanding around the concept of financial transformation among accounting… Read More

June 29, 2024 @ 6:26 pm By Tony Zerucha  |  

Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts with links to Binance and Microsoft, Tomarket is designed to address markets and user needs beyond those already provided for by… Read More

June 29, 2024 @ 4:09 pm By Omar Faridi  |  

Tuum, a core banking platform, is pleased to announce the strengthening of its ongoing partnership with Amazon Web Services (AWS). This strategic alignment introduces Tuum to the AWS Marketplace, a platform that is reportedly known “for its robust, scalable, and secure cloud infrastructure.” Through this… Read More

June 29, 2024 @ 4:08 pm By Omar Faridi  |  

Visa (NYSE: V)  has announced a new collaboration with Amazon (NASDAQ:AMZN) that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option “to select Installments… Read More

June 29, 2024 @ 4:07 pm By Omar Faridi  |  

Insurtech wefox, which is experiencing significant operational challenges, is now reporting that the insurance technology company is focused on its restructuring efforts as it receives support in the form of “strong’ investor support. At an Extraordinary General Meeting of wefox Holding AG held recently, all… Read More

June 29, 2024 @ 4:05 pm By Omar Faridi  |  

Feedzai and STET, a European company focused on payment market infrastructures, which processed more than 35 billion transactions in 2023, are working together “to offer concrete and innovative solutions to financial institutions to help them in the fight to protect their customers from payment fraud.” Feedzai’s… Read More

June 29, 2024 @ 4:01 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced a significant expansion in its asset tokenization initiatives, aiming to set industry-wide standards across various financial sectors, including fixed income, foreign exchange (FX), and asset & wealth management. The announcement includes the successful completion of the first phase… Read More

June 29, 2024 @ 4:00 pm By Michael Wong  |  

Fintech firm Chime announced its acquisition of Salt Labs, an enterprise technology company dedicated to enhancing the financial stability of hourly workers. The transaction, which did not disclose its financial details, positions Chime to tap into new growth and revenue opportunities through Salt Labs’ extensive… Read More

June 29, 2024 @ 8:10 am By Omar Faridi  |  

SteelEye‘s Communications Surveillance solution, powered by our Compliance CoPilot, is said to enable compliance teams to “master” eComms and vComms compliance. The platform claims to support any communication channel “including voice, chat, email, meetings, and social messaging.” SteelEye explains that it “provides language detection, transcription,… Read More

June 28, 2024 @ 10:26 pm By Omar Faridi  |  

With the end of financial year (EOFY) around the corner, new research from digital bank, ubank, revealed what’s on the minds of Gen Z and Millennials when it comes to tax time. According to ubank’s research, which “surveyed 1,311 adults between the ages of 18… Read More