August 8, 2024 @ 7:59 am By Omar Faridi  |  

Insurtech funding sees its strongest quarter in over a year despite deal volume sinking to its lowest point since 2016, according to an extensive update from CBInsights. CBInsights notes in its latest repot that global insurtech funding “increased 44% quarter-over-quarter (QoQ) to $1.3B in Q2’24… Read More

August 8, 2024 @ 6:37 am By Omar Faridi  |  

Ares Management Corporation (NYSE:ARES) announced that funds managed by its Credit Group closed “approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months… Read More

August 8, 2024 @ 5:01 am By Omar Faridi  |  

TransUnion (NYSE: TRU) announced its partnership with Snowflake, the AI Data Cloud company, to launch TruIQTM Data Enrichment on Snowflake Marketplace. TruIQ Data Enrichment’s availability on Snowflake Marketplace will “provide joint customers with unlimited, on-demand access to pseudonymized TransUnion credit data in the Snowflake AI… Read More

August 8, 2024 @ 4:05 am By Omar Faridi  |  

Tech Mahindra (NSE: TECHM), a global provider of technology consulting and digital solutions to enterprises across industries, has announced a partnership with Finastra, a global provider of financial software applications and marketplaces, to help corporate banks accelerate their digital transformation journeys. Through the partnership, Tech… Read More

August 8, 2024 @ 12:05 am By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced the launch of DTCC’s Insurance & Retirement Services’ (I&RS) Producer Authorization (PAR) service, “a standardized method for insurance vendors and distributors to communicate with carriers to verify… Read More

August 7, 2024 @ 10:11 pm By Omar Faridi  |  

Setu, a Pine Labs company, in partnership with Axis Bank, launched UPISetu, India’s UPI-focused payments platform for businesses and developers. NPCI’s UPI has seen a rise in India “with Person-to-Merchant (P2M) transactions alone witnessing a phenomenal rise of 241% from 2.56 billion transactions in June… Read More

August 7, 2024 @ 10:11 pm By Omar Faridi  |  

Anchorage Digital Bank N.A., the only federally chartered crypto bank, is announcing expanded support for the Solana ecosystem. In addition to native SOL, institutions can now “custody SPL tokens from the safety and security of Anchorage Digital Bank.” The SPL token standard governs how tokens… Read More

August 7, 2024 @ 9:12 pm By Omar Faridi  |  

Australian digital bank, ubank, has introduced passkeys to improve authentication for customers. Ubank joins a growing number of international online services and payment providers, “along with Australian organizations and government agencies, using passkeys as their login method.” The change in authentication processes comes as Australians lost… Read More

August 7, 2024 @ 3:26 pm By JD Alois  |  

Digital asset firm Bitstamp will partner with Stripe to enable a fiat-to-crypto onramp in the European Union. The collaboration will see the Stripe onramp, a customizable widget powered by Bitstamp. The goal is to simplify the process so developers can incorporate the feature with little… Read More

August 7, 2024 @ 3:10 pm By JD Alois  |  

In the month of July, crypto trading on spot and derivatives centralised exchanges rose 19.0% to $4.94 trillion, according to report distributed by CCData. This is said to be the first increase in four months. The rise in trading is being attributed to the new… Read More

August 7, 2024 @ 12:18 pm By JD Alois  |  

Legislation has been introduced in the US Senate to establish a strategic Bitcoin reserve. Submitted by Senator Cynthia Lummis, well known for her support of digital assets, S.4912, the Bitcoin Act, officially entitled, Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act was sent… Read More

August 7, 2024 @ 12:09 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that Fastlane by PayPal is now available for U.S. businesses of all sizes, helping to increase their sales and drive customer loyalty in time for the upcoming holiday shopping season. Announced earlier this year, Fastlane utilizes PayPal’s payment expertise… Read More

August 7, 2024 @ 10:44 am By Nick Morgan  |  

Unlocking Capital Markets with Tokenization and ATS: An Interview with Brian Anderson, CEO of Raze Finance In the most recent episode of Capital Ideas, Nick Morgan and Dara Albright, board members of Investor Choice Advocates Network (ICAN), hosted Brian Anderson, CEO of Raze Finance. The… Read More

August 7, 2024 @ 10:01 am By Omar Faridi  |  

We recently connected with Ally Haire, CEO and Founder of Lilypad, which is described as a serverless, distributed computing network for AI, ML, and other computational processes. Recently, it was reported that Elon Musk is going to build a “gigafactory of compute,” and while the… Read More

August 7, 2024 @ 9:40 am By Omar Faridi  |  

The European Union has a productivity problem, according to an update from the International Monetary Fund (IMF). Its people produce nearly 30 percent “less per hour worked than they would have, had real output per hour worked increased in line with that in the United… Read More

August 7, 2024 @ 9:38 am By Omar Faridi  |  

As a result of a Federal Trade Commission lawsuit, the owners and operators of a sprawling credit repair operation known as Financial Education Services (FES) will end the practices that the FTC alleged “created a pyramid scheme and also violated the Credit Repair Organizations Act.”… Read More

August 7, 2024 @ 8:23 am By Tony Zerucha  |  

While Deutsche Telekom’s support for blockchain initiatives is welcome, Chirp founder and CEO Tim Kravchunovsky believes it could go further to help foster wider blockchain adoption. Chirp is a decentralized telecommunications network. Kravchunovsky said Deutsche Telekom should offer more support for budding DePIN projects as… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

August 7, 2024 @ 8:19 am By Omar Faridi  |  

Banking Circle S.A, has received the globally recognized ISO/IEC 27001:2022 certification for information security management systems (ISMS). Underlining the sustained commitment it places “on information security, this certification gives Banking Circle clients continued confidence that it puts legal, regulatory and contractual obligations at the centre… Read More

August 7, 2024 @ 8:17 am By Omar Faridi  |  

Christian Catalini, Co-Founder & Chief Strategy Officer at Lightspark (which enables Open payments for the Internet; Enterprise-grade, fast, secure payments on Lightning) and the Founder at MIT Cryptoeconomics Lab, explains that stablecoins, a novel form of interoperable and programmable money, have the potential “to rewire… Read More