July 29, 2024 @ 12:37 pm By Omar Faridi  |  

A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find “a price tag of $1 million or more on the typical starter home,” a new Zillow (Nasdaq: Z and ZG) analysis finds. The Zillow real… Read More

July 29, 2024 @ 11:32 am By JD Alois  |  

Wealthblock, a tech platform that supports private securities offerings, says since its founding in 2018 it has helped issuers to raise over $4  billion in capital from 15,000+ investors. Wealthblock is a white-labeled platform that provides several services for firms raising money. The platform is… Read More

July 29, 2024 @ 11:24 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement affirming its mission to simplify and reduce the cost of firms in need of growth capital. The FCA seeks to reduce the burden on businesses raising money. The announcement follows the new “Consumer Duty,” which… Read More

July 29, 2024 @ 8:33 am By Omar Faridi  |  

Nansen has introduced their ETH ETF Dashboard with real-time tracking of ETF holdings and ETH inflows. Nansen are pleased to officially announce the launch of their public ETH ETF dashboard that allows anyone “to monitor and track real-time ETF balances and ETH ETF onchain flows… Read More

July 29, 2024 @ 7:45 am By Omar Faridi  |  

Oracles have become the Achilles Heel of DeFi – their failures represent the root cause of most hacks. Despite the critical role that the oracle layer plays, innovation within the space has alarmingly lagged behind the broader DeFi ecosystem’s meteoric growth since blockchain’s inception. While… Read More

July 29, 2024 @ 7:39 am By Omar Faridi  |  

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index. The Pension Confidence Indicator score “surged to +30 immediately following the General Election, up from +22 in March 2024 and significantly higher than -10 in December 2023 and -9… Read More

July 29, 2024 @ 7:36 am By Omar Faridi  |  

XDC Network, the “enterprise-ready” blockchain for global trade finance and RWAs, is pleased to announce its collaboration with Deutsche Telekom MMS. Deutsche Telekom MMS is a subsidiary of Deutsche Telekom, which is said to be “one of the world’s leading integrated telecommunications companies.” The collaboration… Read More

July 29, 2024 @ 7:34 am By Omar Faridi  |  

One Trading, a European crypto-asset exchange, has reportedly been granted an Organized Trading Facility (OTF) License by the Dutch financial market regulator. This license establishes One Trading as “a MiFID II trading venue and marks a significant milestone in the company’s multi-year journey with the… Read More

July 29, 2024 @ 6:39 am By Tony Zerucha  |  

Fintech firm Electronic Merchant Systems has hired Dan Stanbridge as chief risk and compliance officer. Stanbridge has more than 15 years of experience in the financial services industry. He was chief risk officer at Flexfactor and SVP of merchant risk at Paysafe. He led efforts to mitigate risk and… Read More

July 29, 2024 @ 5:26 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is poised to significantly advance the digital payments landscape in the country with the upcoming introduction of its Request to Pay (RTP) and Direct Debit facilities. Announced by BSP Deputy Governor Mamerto Tangonan… Read More

July 28, 2024 @ 11:43 pm By Omar Faridi  |  

Zafin, the provider of SaaS core modernization and transformation solutions for banks announces that Rabobank a multi-national banking and financial services company, headquartered in the Netherlands with more than 9.1 million customers has selected the Zafin platform to optimize its pricing, billing and invoicing capabilities… Read More

July 28, 2024 @ 10:42 pm By Omar Faridi  |  

Businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis “on new Bank of England data highlighting the increase in the total amount… Read More

July 28, 2024 @ 9:24 pm By Omar Faridi  |  

Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform. Payments to small businesses were “made… Read More

July 28, 2024 @ 8:19 pm By Omar Faridi  |  

The Ireland card payments market is forecast to grow by 5.4% to reach EUR95.2 billion ($102.9 billion) in 2024, supported by growing consumer preference for electronic payments, forecasts GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payment value in Ireland… Read More

July 28, 2024 @ 6:46 pm By Omar Faridi  |  

Galileo Financial Technologies, a financial technology solutions provider and a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), announced the launch of Galileo 3D Secure (3DS) Access Control Server (ACS). This enhancement helps clients protect against card-not-present (CNP) debit and credit card fraud, projected to escalate… Read More

July 28, 2024 @ 5:33 pm By Michael Wong  |  

Global financial services firm Cantor Fitzgerald has announced plans to launch a Bitcoin financing business designed to provide leverage to investors holding Bitcoin. The new initiative will commence with $2 billion in initial financing and is set to expand significantly over time. The firm, known… Read More

July 28, 2024 @ 5:18 pm By Omar Faridi  |  

UniCredit S.p.A. has announced that it has entered into a binding agreement for the acquisition of the entire share capital of Vodeno Sp. z o.o. and Aion Bank NV/SA. The companies combine an innovative, scalable, and flexible cloud-based platform with banking services based “on Aion’s… Read More

July 28, 2024 @ 5:10 pm By Tony Zerucha  |  

Kasheesh, a digital payment platform that allows anyone to split payment for online purchases across multiple credit cards, this week launched Multi Use Card. Kasheesh’s Multi Use Card offers one, reusable card that can split purchases across up to five debit, credit cards, and gift… Read More

July 28, 2024 @ 5:01 pm By Omar Faridi  |  

Embedded finance provider Weavr has obtained an Electronic Money Institution (EMI) License from the Maltese Financial Services Authority (MFSA) to support its European embedders. Weavr announces that it has “acquired a European e-money license.” The license is significant for both Weavr and the embedded finance… Read More

July 28, 2024 @ 4:55 pm By Michael Wong  |  

Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), has been reappointed to his role for another five-year term starting in October. In a statement following the Financial Secretary’s announcement, Yue expressed gratitude for the opportunity to continue his leadership, underscoring the… Read More