August 14, 2024 @ 2:15 pm By JD Alois  |  

As Apple (NASDAQ:AAPL) will soon open payments on their iPhone to third parties, stablecoin issuer Circle says it will soon compete with other traditional payment providers. According to Apple, in-app, NFC transactions will be opened to developers with the release of iOS 18.1. “APIs, developers… Read More

August 14, 2024 @ 2:04 pm By JD Alois  |  

Cerebras, an artificial intelligence enabler, sold securities using the StartEngine platform. Part of its private deal room, the offering was opened to accredited investors who are allowed to invest alongside well known VCs. According to StartEngine, Series Cerebras 1 and 2 sold out on the… Read More

August 14, 2024 @ 1:52 pm By JD Alois  |  

Tally, a Fintech created to assist consumers in paying of their credit card debt, has shuttered its doors. In a blog post, Tally CEO Jason Brown said it was the end of Tally as they were unable to raise additional funding to keep operations going…. Read More

August 14, 2024 @ 11:22 am By JD Alois  |  

The Australian Stock Exchange (ASX) was once viewed as a pioneer in transitioning from legacy exchange technology – CHESS –  to blockchain or distributed ledger technology. The strategy was to create a “database architecture that solves a data reconciliation issue.” This has nothing to do… Read More

August 14, 2024 @ 10:17 am By JD Alois  |  

After launching 9 months ago, Frec has announced surpassing $100 million in customer assets. Frec is a FINRA-regulated broker-dealer and RIA. Frec enables index investing focusing on tax loss harvesting to mitigate some of the punitive taxes shouldered upon investors. Frec has also announced several… Read More

August 14, 2024 @ 10:01 am By Omar Faridi  |  

Copper.co, a provider of digital asset custody, collateral management and prime services, today announced it has entered into a partnership with the Core Foundation, contributors to Core, a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first ever implementation of Non-Custodial BTC Staking, Copper will… Read More

August 14, 2024 @ 8:17 am By Omar Faridi  |  

NatWest has executed a £1.1bn own-asset securitisation deal with funding from Nuveen Infrastructure and Christofferson Robb & Company to allow the bank to recycle capital and increase lending to the renewable energy and energy transition sectors. The synthetic risk transfer securitization “provides credit protection against… Read More

August 14, 2024 @ 8:16 am By Omar Faridi  |  

Kiavi, a tech-enabled lender to residential real estate investors, announced it closed a $400 million rated securitization of residential transition loans (RTLs). While this is Kiavi’s first rated securitization, it is “the 19th transaction under its LHOME shelf.” In total, Kiavi has issued “more than… Read More

August 14, 2024 @ 8:15 am By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness “regarding the true cost of their credit card debt in today’s high interest rate environment.” LendingClub conducted a national… Read More

August 14, 2024 @ 8:14 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, is announcing a $3 million strategic investment in the Kem app, a platform designed for money transfers and financial management. This collaboration will see Kem App “introduce USD₮… Read More

August 14, 2024 @ 8:09 am By Omar Faridi  |  

Pibank, the direct banking solution of Intercredit Bank, has formally launched its U.S. presence with a 5.50% APY high-yield savings account. The direct bank, which already has a robust presence “in Spain and Colombia, will now be offering its high-yield, customer-centric savings products to U.S…. Read More

August 14, 2024 @ 5:05 am By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly “with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard… Read More

August 13, 2024 @ 10:08 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Solayer, a restaking network on Solana. Their aim is to empower on-chain decentralized applications (dApps) with “improved network bandwidth while securing the L1 at the same time.” Built natively on Solana, Solayer… Read More

August 13, 2024 @ 10:06 pm By Omar Faridi  |  

Nu Asset, Nubank’s (NYSE: NU) investment fund manager, takes its first steps into exploring the institutional investor segment. This move is part of a distribution agreement established with Itajubá Investimentos Assessores de Investimentos, a key player focused on wholesale market distribution in Brazil. Nu Asset’s… Read More

August 13, 2024 @ 10:04 pm By Omar Faridi  |  

Cytora has partnered with AI-powered due diligence company Xapien. The integration will enable commercial insurance underwriters “to instantly gain access to Xapien’s AI due diligence tool via Cytora’s risk processing platform.” By integrating directly into Cytora, underwriters will “no longer need to manually check scores of… Read More

August 13, 2024 @ 10:02 pm By Omar Faridi  |  

Gemini has reportedly become the custodian for Path Crypto‘s managed portfolios platform. Since launching nine years ago, Gemini claims to have made it its mission to “be a responsible custodian powering the expansion of the cryptocurrency ecosystem.” To that end, Gemini is pleased to announce… Read More

August 13, 2024 @ 10:01 pm By Omar Faridi  |  

Thunes, the Smart Superhighway for money movement around the world, announces it has hit growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end. Thunes’ growth journey is fueled by “demand for its proprietary Direct Global Network for… Read More

August 13, 2024 @ 10:00 pm By Omar Faridi  |  

Stenn, the working capital digital platform, has partnered with Payyd, a firm focused on dynamic payments technology, to help power growth for Indian exporters. The collaboration delivers access “to Stenn’s innovative invoice financing, providing Payyd’s customers with on-demand capital through converting outstanding invoices into cashflow.”… Read More

August 13, 2024 @ 3:02 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) welcomes Jeff Pinner as Chief Technology Officer. Robinhood says they are pleased to announce that Jeff Pinner has now officially “joined Robinhood as Chief Technology Officer (CTO).” Jeff is said to be “a deeply respected innovator who will help us accelerate their… Read More

August 13, 2024 @ 3:01 pm By Omar Faridi  |  

HeavyFinance has shared its latest platform performance review. HeavyFinance has shared key highlights from the summer and July. The team notes that this period has proved to be a dynamic month for their investor community “with €1.33M allocated across 52 agricultural projects on the HeavyFinance… Read More