June 18, 2024 @ 8:50 am By Omar Faridi  |  

Bondex, an independent crowdsourcing recruitment app based out of the United Kingdom (UK), has secured an investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, to fuel its platform, which hosts over 1.5 million monthly active users. Bondex… Read More

June 18, 2024 @ 3:21 am By Omar Faridi  |  

With a stabilizing tech sector, easing interest rates and an IPO on the horizon, accounting and banking software platform Ageras eyes both growing supply and demand for a pan-European consolidation in the fintech and business software market “servicing Europe’s almost 25 million SMEs.” And according… Read More

June 18, 2024 @ 1:07 am By Omar Faridi  |  

KPMG Enterprise Barometer 2024 unveils optimism and ambitious growth among Ireland’s indigenous businesses, with nearly two-thirds (65 percent) expecting to increase turnover within the next 12 months, compared to 55 percent in 2023. On behalf of KPMG, RED C surveyed nearly 200 decision-makers “in indigenous… Read More

June 17, 2024 @ 11:47 pm By Omar Faridi  |  

Ledger is pleased to announce its collaboration with Bitcoin research and development center, Brink. As part of this partnership, Ledger is “donating $5 to Brink for each Ledger Bitcoin hardware wallet sold.” The funds will be allocated to help “strengthen the Bitcoin network and developers… Read More

June 17, 2024 @ 11:04 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and the Bank of Canada launched the Toronto Innovation Centre, the first such centre to be established in the Americas and the seventh to be opened by the BIS in collaboration with partner central banks around the world. The… Read More

June 17, 2024 @ 10:04 pm By Omar Faridi  |  

barq, a digital wallet for consumers and businesses in the Kingdom of Saudi Arabia, and Thunes, a global money movement innovator, announce the signing of a Memorandum of Understanding (MOU) to expand international money transfer opportunities for barq’s users. In the partnership, Thunes will provide… Read More

June 17, 2024 @ 8:41 pm By Omar Faridi  |  

Liberis, the global embedded finance platform announced today, a partnership with Paytrail, the Finnish online payment service provider. Paytrail Financing, powered by Liberis, is designed to “offer e-commerce businesses in Finland revenue-based financing within a simple 4-click journey.” Revenue-based finance is not yet “a staple… Read More

June 17, 2024 @ 8:32 pm By Omar Faridi  |  

With this strategic partnership project, BNP Paribas and BPCE wish to take a major new step in the payments field by jointly acquiring the best technology for processing payments for card holders and merchants. This processor would handle all card payments “from BNP Paribas and… Read More

June 17, 2024 @ 8:29 pm By Omar Faridi  |  

Depowise, an Estonian-founded oversight and process automation startup for financial services firms, is expanding into the United Kingdom and Ireland. The company aims to “increase its current 5% market share tenfold in the domiciled funds market of Luxembourg, Ireland, and the UK, valued at more… Read More

June 17, 2024 @ 8:27 pm By Omar Faridi  |  

The Saudi Central Bank SAMA released the Annual Performance Report of the Saudi Finance and Real Estate Refinance Companies Sector for the year 2023. The report highlighted the sector’s developments and financials “during 2023, where the paid-up share capital for finance companies sector increased by… Read More

June 17, 2024 @ 8:22 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernize their technology stack. Mastercard’s… Read More

June 17, 2024 @ 3:10 pm By JD Alois  |  

According to a report, Apple’s (NASDAQ:AAPL) buy-now-pay-later (BNPL) product will shut down later this year. Apple Pay Later was expected to be the first digital loan-type service offered by the tech firm, but it appears that Apple is pulling back on the Fintech lending. According to 9to5… Read More

June 17, 2024 @ 2:50 pm By JD Alois  |  

The head of the Crypto Assets and Cyber Unit within the SEC’s Division of Enforcement has exited the agency. David Hirsch posted on LinkedIn earlier today (June 17, 2024) that last Friday was his last day at the SEC after 9 years at the securities… Read More

June 17, 2024 @ 2:09 pm By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, and Archax, the UK’s first Financial Conduct Authority regulated digital asset exchange, broker and custodian,  announced an extension to their existing collaboration which is expected to bring hundreds of millions of dollars of tokenized real world… Read More

June 17, 2024 @ 2:06 pm By JD Alois  |  

Last month, the Tokenization Report  Act of 2024 (HR 8464) was introduced into Congress. The House legislation is sponsored by Representative William Timmons, a Republican from South Carolina. The bill, as it stands today, compels multiple federal authorities to review the potential of taking traditional… Read More

June 17, 2024 @ 12:22 pm By Omar Faridi  |  

PensionBee Group plc is pleased to announce that it has achieved Assets under Administration of over £5 billion, reaching 250,000 Invested Customers in June 2024. According to PensionBee, these important milestones have been “achieved through the continued delivery of the company’s strategy, driven by a… Read More

June 17, 2024 @ 10:41 am By JD Alois  |  

Fundrise has received a $125 million loan from Franklin BSP Realty Trust (NYSE: FBRT), according to an email distributed by the platform. FBRT originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure. FBRT states that it has committed… Read More

June 17, 2024 @ 10:26 am By Omar Faridi  |  

Laura Bayley, Head Clearing Services, SIX, has been appointed as new SWIFT Board Member, the world’s provider of secure financial messaging services. SWIFT’s Board composition is designed to “ensure SWIFT‘s global relevance, support its international reach and uphold its strict neutrality.” Laura Bayley is Head… Read More

June 17, 2024 @ 9:17 am By JD Alois  |  

In the UK, the Fintech industry “remains a hotbed” for innovation, driving employment needs – mostly in London. According to a report distributed by Morgan McKinley, the “demand for tech-savvy professionals in the Fintech industry has significantly increased, reflecting the sector’s ongoing digital transformation.” Morgan… Read More

June 17, 2024 @ 8:52 am By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world, USDT, has announced a new digital asset dubbed Alloy – a digital asset tied to gold. Tether describes Alloy as a new type of digital assets or “tethered assets.” Similar to other stablecoins, Alloy, priced… Read More