August 6, 2024 @ 11:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

August 6, 2024 @ 10:50 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or “virtual banks” (VB) in Hong Kong. The HKMA states that the establishment of regulated digital banking has achieved its three stated goals: promoting Fintech and innovation, creating a… Read More

August 6, 2024 @ 10:36 am By Omar Faridi  |  

Coin Metrics’ State of the Network has provided comprehensive update on cryptocurrency markets amidst the unfolding global market sell-off as well as an insightful break down Coinbase’s Q2 2024 earnings. During this past weekend, global markets and crypto-assets alike were jolted by a number of… Read More

August 6, 2024 @ 7:46 am By JD Alois  |  

Online investment platform Mintos has closed its funding round on Crowdcube at €3.1 million. Mintos notes that this is the second-largest crowdfunding round in Europe for 2024. In two weeks, Mintos said it secured the backing of 3,300 investors, including both existing and new investors…. Read More

August 6, 2024 @ 7:07 am By Omar Faridi  |  

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk. It started with a chance meeting. Danny from VEDA Accounting… Read More

August 6, 2024 @ 7:05 am By Omar Faridi  |  

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective. The Pledge has achieved this by “incentivizing unprecedented… Read More

August 6, 2024 @ 7:00 am By JD Alois  |  

Blockchain ecosystem IOTA has been recognized as being Shari’a-compliant. According to a note from IOTA, the Cambridge Institute of Islamic Finance’s certification states that the IOTA token fulfills all accepted Shari’a principles and standards, including those practiced by the Islamic financial services industry. IOTA reports… Read More

August 5, 2024 @ 11:47 pm By Omar Faridi  |  

The research study, shared by cybersecurity firm Kaspersky, and entitled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’ discloses controversial views among users regarding the protection of their personal information. For instance, 49% of respondents “consider covering the webcam… Read More

August 5, 2024 @ 10:46 pm By Omar Faridi  |  

CBInsights has released an update focused on and entitled, the Future of the workforce: How AI agents will transform enterprise workflows. CBInsights dive into what agents are, their limitations, key companies, and “implications for the future of work.” As noted in the research report from… Read More

August 5, 2024 @ 10:45 pm By Omar Faridi  |  

PBOC and HKMA has reportedly signed an MOU that is focused on cross-boundary linkage of payment systems between the Mainland and Hong Kong. Mr Lu Lei, Deputy Governor of the People’s Bank of China (PBOC), and Mr Howard Lee, Deputy Chief Executive of the Hong… Read More

August 5, 2024 @ 10:44 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that a Review Group has been set up to recommend measures to strengthen equities market development in Singapore. The Review Group will be chaired by Mr Chee Hong Tat, Minister for Transport, Second Minister for Finance and Board… Read More

August 5, 2024 @ 10:42 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired BOSLAN, a provider of management services for large infrastructure projects, headquartered in Bilbao, Spain. With BOSLAN, Accenture will reinvent “how clients engineer and execute net-zero infrastructure projects.” By applying artificial intelligence (AI) and other digital technologies “to asset lifecycle management,… Read More

August 5, 2024 @ 10:40 pm By Omar Faridi  |  

Carta Total Compensation is now available for all companies—not just Carta cap table customers. All private companies can now access Carta’s equity and salary benchmarks to make smarter, data-driven compensation decisions. Without accurate equity and salary benchmarking data, you risk “losing top talent or overpaying… Read More

August 5, 2024 @ 4:52 pm By JD Alois  |  

SEC Commissioner Mark Uyeda recently spoke at an event sponsored by Schwab. Commissioner  Uyeda spoke during a session to address the “regulatory onslaught” that has taken place during Chairman Gary Gensler’s tenure at the agency. In notes provided to CI, Uyeda commented on the impact… Read More

August 5, 2024 @ 4:32 pm By Omar Faridi  |  

Luxury real estate property values are rising faster than typical homes for the first time in years, according to an extensive update from Zillow (Nasdaq: Z and ZG). Listings for luxury homes are seeing relatively more competition than homes in the market’s midrange, the team… Read More

August 5, 2024 @ 1:58 pm By Omar Faridi  |  

HashKey Global is pleased to announce the completion of Tether (USDT) integration on the BNB Chain, with deposit and withdrawal services now open. HashKey Global now supports USDT deposit and withdrawal services “on the ERC20, TRC20, BEP20, and Arbitrum networks.” As noted in the update,… Read More

August 5, 2024 @ 12:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced a consultation on transfers to the People’s Republic of China (PRC), including the current suspension of “non-specified channels.” The suspension, pertaining mostly to PRC nationals working in Singapore, is in regard to accounts and funds that were… Read More

August 5, 2024 @ 11:26 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Particle Network, the L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. The number of blockchain networks is rapidly increasing, “with a growing proliferation of… Read More

August 5, 2024 @ 10:45 am By JD Alois  |  

The American Fintech Council (AFC) has issued a statement on the bipartisan letter sent by a group of House Representatives asking the Consumer Financial Protection Bureau to adjust requirements pertaining to control of consumer data along the lines of Open Banking. The AFC says they… Read More

August 5, 2024 @ 10:14 am By Omar Faridi  |  

Sweater, which is focused on becoming the VC fund for everyone, explains that it’s building the first venture capital fund that everyone can invest in—accredited or not. The company is currently in the midst of a funding round on StartEngine. According to the offering page,… Read More