June 28, 2024 @ 8:33 am By Omar Faridi  |  

CaixaBank claims that is the only Spanish bank participating in the Ferrovie dello Stato Italiane S.p.A. (FS)’s new committed and revolving credit facility signed “with a syndicate of nine banks and financial institutions for a total amount of up to €3.5 billion with a three-year… Read More

June 28, 2024 @ 8:30 am By Omar Faridi  |  

UK Finance has released the Dedicated Card and Payment Crime Unit (DCPCU) annual report. The unit, formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police Service together with the Home Office, is described as being “a unique, proactive… Read More

June 28, 2024 @ 8:22 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) announced that it has appointed the members of our advisory committee on secondary markets for the period June 2024 to June 2026. The UK Secondary Markets Advisory Committee supports the FCA’s work “in wholesale secondary markets in equities, fixed… Read More

June 28, 2024 @ 6:49 am By Omar Faridi  |  

Fenergo, the provider of tailored software-as-a-service (SaaS) solutions for Know Your Customer (KYC), Transaction Monitoring (TM), and Client Lifecycle Management (CLM), announced the findings from its KYC in Commercial Banking research, which analyzed responses from mid-market commercial banks in the US with assets ranging from… Read More

June 27, 2024 @ 11:24 pm By Omar Faridi  |  

Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The investment round was reportedly “led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than 3X revenue growth.” The… Read More

June 27, 2024 @ 11:23 pm By Omar Faridi  |  

Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, announced that it has raised $12 million in its Series A funding round led by Illuminate Financial and DRW Venture Capital. Illuminate and DRW VC join a growing list… Read More

June 27, 2024 @ 11:22 pm By Omar Faridi  |  

Digital wallets have become an essential part of the travel experience for many, with 74% of U.S. travelers now using them on their trips. This, according to an update from Visa (NYSE:V). Kicking off the summer travel season, Visa, a global enabler of digital payments,… Read More

June 27, 2024 @ 11:21 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces that Payset will deploy Vault Payments, Thought Machine’s cloud-native payments processing platform. Payset is “an existing customer of Thought Machine and is currently live with Vault Core, Thought Machine’s next-generation core banking platform.” Payset began working with… Read More

June 27, 2024 @ 6:45 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, conducted an in-depth analysis of their shoppers’ buying habits to determine the primary uses of BNPL. The research, based on a survey of 2,500 Tabby shoppers, “revealed that the majority use BNPL for essential purchases rather… Read More

June 27, 2024 @ 5:25 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has revealed a partnership with global e-commerce enabler Stripe.  According to a blog post on Coinbase, Stripe will now support Base – a level II Ethereum-based network incubated by Coinbase and open source. Coinbase describes Base as their “all in” commitment to onchain,… Read More

June 27, 2024 @ 3:45 pm By Omar Faridi  |  

In today’s rapidly evolving financial landscape, community banks and credit unions face significant challenges in managing identity trust, verification and fraud prevention. This, according to an update from FiVerity. Traditional KYC (Know Your Customer) and CIP (Customer Identification Program) implementations are often fragmented, incomplete, and… Read More

June 27, 2024 @ 3:23 pm By Omar Faridi  |  

Circle, a global financial technology firm and the issuer of USDC and EURC, has recently announced that it has joined Adan. Adan, an association bringing together professionals in the digital asset and blockchain sector throughout France and Europe, reportedly has “over 200 member companies and… Read More

June 27, 2024 @ 3:19 pm By Omar Faridi  |  

Bitcoin ETF issuer VanEck has reportedly filed an application for a Solana ETF in the United States. As noted by VanEck’s head of digital assets research, it is the first firm in the US to file for a Solana ETF. VanEck, which is notably one… Read More

June 27, 2024 @ 11:43 am By JD Alois  |  

The Investor Choice Advocates Network (ICAN) has issued a statement pertaining to the US Supreme Court’s decision issued today regarding SEC v. Jarkesy. The Supreme Court has ruled that when the Securities and Exchange Commission seeks civil penalties against a defendant for securities fraud, the… Read More

June 27, 2024 @ 10:52 am By Omar Faridi  |  

Research from Nucleus, one of the UK’s independent, adviser platform groups, has revealed 76% of people are unaware they can pay money into someone else’s pension. Of those who did not know “about the possibility of third-party pension contributions, 55% said they would not consider… Read More

June 27, 2024 @ 10:44 am By JD Alois  |  

In what will be a dramatic change for the Securities and Exchange Commission (SEC), the Supreme Court has ruled that when the SEC seeks civil penalties against a defendant for securities fraud, the defendant is entitled to a jury trial. Currently, the SEC may adjudicate… Read More

June 27, 2024 @ 8:50 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), a global firm leveraging digital asset compute to support the energy transformation, announced that the company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, “to further diversify its portfolio of digital asset compute.” Kaspa is currently the fifth largest… Read More

June 27, 2024 @ 8:48 am By Omar Faridi  |  

Research from Experian has revealed British businesses recognize the critical role effective data governance plays in today’s modern economy but cite inherent obstacles in putting these practices into action. The findings reveal that 8 in 10 (83%) British businesses “acknowledge data governance should no longer… Read More

June 27, 2024 @ 8:47 am By Omar Faridi  |  

Mintos is introducing Mintos Smart Cash to help clients with earning up to 3.75% on their cash. Mintos Smart Cash is described as “a new way for investors to earn attractive returns on cash.” This new offering from Mintos lets investors “earn returns on their… Read More

June 26, 2024 @ 11:51 pm By Omar Faridi  |  

Gresham, a provider of financial technology solutions, has released a research report, titled “US Banks’ Data Transformation Journeys at a Crossroads” that reveals fewer than 1-in-10 banks are at the leading edge of data and digital transformation. The report, which surveyed 120 banking leaders from… Read More