August 1, 2024 @ 8:28 pm By Omar Faridi  |  

Accenture (NYSE: ACN) and SandboxAQ are expanding their partnership to address the critical need for enterprise data encryption that can defend against current data breaches, as well as future AI and quantum threats. Together, Accenture and SandboxAQ are “helping organizations secure sensitive data and strengthen… Read More

August 1, 2024 @ 8:11 pm By Omar Faridi  |  

NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s asset finance business, Lombard, together “with specialist businesses providing working capital solutions.” Paul has been at NatWest for 12 years and “has held a number of roles in that time,… Read More

August 1, 2024 @ 7:25 pm By Omar Faridi  |  

Tokenization platform OpenEden has announced that it will bring tokenized US Treasury bills (T-bills), a short-term US government debt obligation backed by the US Department of the Treasury, to the XRP Ledger (XRPL) and its users for the first time. The tokenization of T-bills onto… Read More

August 1, 2024 @ 4:56 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced that Caribbean-based PROVEN Bank is deploying Fenergo’s transaction monitoring solution to streamline its anti-money laundering (AML) compliance processes. Integrating Fenergo’s technology will “enhance PROVEN Bank’s operational… Read More

August 1, 2024 @ 4:54 pm By Omar Faridi  |  

CommBank customer scam losses halved in FY24 following the introduction of measures including market leading anti-scam technologies, spearheading cross industry collaborations, ongoing proactive policy measures and strengthening customer awareness. James Roberts, CommBank General Manager of Group Fraud, said: “Over the last financial year CommBank has… Read More

August 1, 2024 @ 11:53 am By Tony Zerucha  |  

The evolution of Earned Wage Access, or, in Marqeta’s (NASDAQ: MQ) case, Accelerated Wage Access (AWA), is part of a larger opportunity for employers to provide more efficient financial services to people they know better than most lenders – their employees. Chief revenue officer Todd… Read More

August 1, 2024 @ 11:47 am By Omar Faridi  |  

Payments platform Nium says it has boosted its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. The move is described by the firm as making Nium one of the only providers “to offer a network this wide.”… Read More

August 1, 2024 @ 11:46 am By Omar Faridi  |  

Ireland sees venture capital (VC) investment pick up in Q2’24 and saw 24 deals raising $237.5 million an increase of nearly two fifths (38 percent) compared to $172.5 million across 33 deals for the same period last year. VC investors showed increasing willingness “to make… Read More

August 1, 2024 @ 11:35 am By JD Alois  |  

The European Artificial Intelligence Act  (EU AI Act) goes into force today. The EU legislation aims to regulate services that leverage AI. The goal is to enable the development of the technology while protecting consumers and businesses. The legal framework applies to both public and… Read More

August 1, 2024 @ 11:24 am By Omar Faridi  |  

OakNorth and ASK Partners, a specialist property lender, have provided a £30.8m co-loan to London-based Vabel, to acquire 114-150 Queensway and 97-113 Inverness Terrace. The post-war 1950s building occupies a prominent corner position “on the southern end of the site, bookended between Porchester Gardens and… Read More

August 1, 2024 @ 11:23 am By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced financial results for the second quarter ended June 30, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange said: “We… Read More

August 1, 2024 @ 10:30 am By JD Alois  |  

Blockchain.com has partnered with Bakkt (NYSE: BKKT) to enable crypt trading in all 50 US states. Bakkt is a regulated digital asset exchange providing services like custody and other infrastructure. Previously, Blockchain.com did not offer services in eight states due to regulatory hurdles. Lane Kassleman,… Read More

August 1, 2024 @ 10:19 am By JD Alois  |  

EquityZen, a trading platform for private securities, has added new features: Market Map and Market Score. The company said the new features would provide users with “a holistic view of potential investment opportunities for private companies on the secondary market.” Atish Davda, CEO and co-founder… Read More

August 1, 2024 @ 9:57 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has voted 5 to 4 to cut the benchmark Bank Rate by 0.25% to 5%. The disennters preferred to hold rates steady for now. The decision to cut rates follows the decision by the US Federal Reserve… Read More

August 1, 2024 @ 9:20 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged the founder and former CEO of Get Together, an erstwhile social media firm, with fraud in regard to a securities offering. The startup, known as IRL, was founded by Abraham Shafi who apparently raised over $170 million… Read More

August 1, 2024 @ 9:06 am By Omar Faridi  |  

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size. In this context, wefox Germany Holding GmbH has reportedly “reached an agreement with the… Read More

August 1, 2024 @ 9:02 am By Omar Faridi  |  

Copper, a firm focused on digital asset custody, collateral management and prime services has partnered with Radix, a decentralized network that aims to provide a radically better user and developer experience for Web3 and DeFi applications. By integrating the custody of Radix (XRD) within Copper’s… Read More

August 1, 2024 @ 9:01 am By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its second quarter 2024 financial results. Lemonade notes in its Letter to Shareholders that it remains focused on offering renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in… Read More

July 31, 2024 @ 10:42 pm By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, and Fenasbac, the National Federation of Associations of Central Bank Servers, announced a partnership to advance fintech innovation in Brazil through the Next accelerator program. Their combined effort will “support the development of scalable financial services… Read More

July 31, 2024 @ 10:41 pm By Omar Faridi  |  

AppBrilliance, an enabler of real-time payment solutions with its Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. Companies like Starbucks, CVS, Dunkin, Chick-fil-A and many… Read More