June 13, 2024 @ 10:14 pm By Omar Faridi  |  

While remittances are a lifeline for millions of migrant workers and their families, Visa’s (NYSE: V) annual “Money Travels: 2024 Digital Remittances Adoption” research report found that humanitarian assistance was “a predominant driver of remittance usage on the send side, with many noting that it… Read More

June 13, 2024 @ 6:18 pm By Omar Faridi  |  

Qred, a bank based in Sweden, states that it is raising the loan limit for small business owners. Customers can now apply for loans “up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.” The increase is part of… Read More

June 13, 2024 @ 5:00 pm By JD Alois  |  

Earlier today, the White House announced that Christy Goldsmith Romero has been appointed to lead the Federal Deposit Insurance Corporation (FDIC). It was reported earlier this week that President Joe Biden would select Goldsmith Romero to take over leadership of the financial regulator following several… Read More

June 13, 2024 @ 4:25 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced it is expanding its collaboration with FTSE Russell, a global index provider, to drive products in the digital assets space. This new initiative builds on Cboe and FTSE Russell’s longstanding relationship and… Read More

June 13, 2024 @ 4:16 pm By Omar Faridi  |  

Citi (NYSE:C) announced the launch of Citi Real-Time Funding (RTF), the latest addition to its real-time treasury suite of solutions for corporate clients. Citi Real-Time Funding is now “available in Australia, Hong Kong and the United Kingdom, with plans to expand to additional markets later… Read More

June 13, 2024 @ 2:14 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new Layer 2 (L2) network that “introduces a novel approach to on-chain security.” The network safeguards users “with sequencer-level security and… Read More

June 13, 2024 @ 2:11 pm By JD Alois  |  

Financement Participatif France (FPF) – the French crowdfunding association, and France Fintech (FFT) have announced a merger of the two organizations. According to a note from the two groups, FFT currently represents over 350 members and 100 partners operating in the Fintech sector. FPF represents… Read More

June 13, 2024 @ 1:12 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. With the expansion of central clearing in U.S. Treasuries “on the horizon and given the size of transactions in the U.S…. Read More

June 13, 2024 @ 12:58 pm By JD Alois  |  

KingsCrowd, a startup data provider that supports investors, has announced a partnership with Radivision, a streaming platform covering the startup sector. According to a release, Radivision will be offering users the ability to track private investments with its Angel Wallet, which is provided by KingsCrowd…. Read More

June 13, 2024 @ 12:28 pm By Tony Zerucha  |  

DTCC, a provider of post-trade market infrastructure for the global financial services industry, announced this week that, according to new industry feedback, daily Treasury volumes through its Fixed Income Clearing Corporation (FICC) are expected to rise by more than $4 trillion once the SEC’s expanded U.S. Treasury clearing… Read More

June 13, 2024 @ 12:20 pm By Omar Faridi  |  

Financial technology platform Adyen (ADYEN:AMS) partners with health and fintech Nelly Solutions to develop a financial operating system specifically for the healthcare sector. Adyen will be providing POS terminals, digital payments, bank accounts and corporate credit cards for medical practices. Adyen is focused on its… Read More

June 13, 2024 @ 12:18 pm By Tony Zerucha  |  

A report from Commonwealth highlights the ways AI can improve the financial lives of people with low to moderate incomes. It is the result of a three-year project supported by JPMorgan Chase. The firms said it is urgent to research and identify the ways in… Read More

June 13, 2024 @ 9:54 am By JD Alois  |  

Year-to-date, Exchange Traded Products (ETPs) that hold digital assets have jumped by 93% assets under management (AUC), up from $49.5 billion at the end of 2023 to $95.4 billion, according to a report. Fineqia (CSE: FNQ) says that the total AUM recorded at the end… Read More

June 13, 2024 @ 9:39 am By JD Alois  |  

Anchorage Digital Bank, a federally chartered digital bank that serves the digital asset sector, has appointed Connie Shoemaker, a former Goldman Sachs executive, to its Board of Directors. Shoemaker currently serves as Chief Operating Officer and Chief Financial Officer of Bridgewater Associates Holdings, Bridgewater’s parent company…. Read More

June 13, 2024 @ 8:50 am By Omar Faridi  |  

Latest Regional PMI survey data from NatWest showed a broad-based increase in business activity across the UK in May, with growth being recorded simultaneously in “all 12 nations and regions monitored for the first time in more than a year.” At the same, there was… Read More

June 13, 2024 @ 8:29 am By Omar Faridi  |  

In May, HeavyFinance says that it saw the investor community allocate “a total of €1.04M across 37 agricultural projects” using the European platform. As of the end of May 2024, HeavyFinance reveals that a significant sum of €55.92M was “issued in loans since the inception… Read More

June 13, 2024 @ 8:17 am By Omar Faridi  |  

ClearBank explains that cost-effective access to Faster Payments System (FPS) is offering all the advantages of the UK’s faster payments infrastructure to UK resident customers, without incurring the “costs of being a direct scheme member.” According to ClearBank, there has been significant growth in UK… Read More

June 13, 2024 @ 6:00 am By JD Alois  |  

Blockchain firm IOTA has been selected to participate in the European Blockchain Sandbox. According to a blog post, IOTA will be participating in the Sandbox with its Web3 identification product. IOTA says the solution tokenizes all kinds of identification processes, enabling identity verification in Web3 environments… Read More

June 12, 2024 @ 11:55 pm By Omar Faridi  |  

Santander recently announced that Zinia, its digital consumer finance platform, will become the new consumer finance provider for Apple in Germany. Zinia will aim to offer customers purchasing Apple products “both in Apple stores and online at apple.de the option to defer payments by splitting… Read More

June 12, 2024 @ 10:51 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024. Reflecting the strong customer growth, Airwallex Hong Kong also “recorded a 108% YoY… Read More