July 30, 2024 @ 5:02 pm By Omar Faridi  |  

In a strategic move to extend its global footprint, Toss Securities, a securities firm with a data-driven investment platform based in South Korea, is set to establish a new corporate office in the United States. Toss Securities is a subsidiary of the South Korean Fintech,… Read More

July 30, 2024 @ 4:05 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) may be withdrawing its charges against third-party crypto tokens like Solana’s SOL as well as Polygon’s MATIC. These digital tokens have been part of the regulator’s lengthy case against crypto exchange Binance, Breaking: #Solana $SOL is no longer… Read More

July 30, 2024 @ 1:30 pm By JD Alois  |  

The Biden Administration has sought to undermine the digital asset industry. Leading the anti-crypto charge has been Gary Gensler, the Chairman of the Securities and Exchange Commission. As President Joe Biden has recently exited the Presidential campaign, this may lead to a change in policy posture for the current… Read More

July 30, 2024 @ 12:24 pm By JD Alois  |  

Mintos continues to roll out the benefit of a higher interest rate for parked cash. Today, Mintos is announcing that Spanish customers may now access a liquid money market fund managed by Blackrock. The Mintos Smart Cash is a money market fund that is described… Read More

July 30, 2024 @ 12:10 pm By JD Alois  |  

Crypto fraud is an ongoing problem; as quickly as platforms and providers adjust to counter nefarious activity in digital assets, bad actors seem to update their game. Some crypto frauds are legendary in the size of the theft. Xerberus is looking to mitigate crypto fraud with… Read More

July 30, 2024 @ 11:25 am By JD Alois  |  

Digital asset firms have vocally supported the candidacy of former President Donald Trump. The Biden Administration has long been hostile towards crypto, with SEC Chairman Gary Gensler leading the charge of undermining this sector of Fintech, choosing to regulate crypto by enforcement. This means that… Read More

July 30, 2024 @ 11:18 am By Omar Faridi  |  

Fifth Third Bank is pleased to announce a collaborative agreement between Newline by Fifth Third, an embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline and Stripe will “expand embedded financial services… Read More

July 30, 2024 @ 10:53 am By JD Alois  |  

The Bank of England has posted a Discussion Paper on the payments ecosystem. The Paper looks to review innovations in payments and how they can impact the Bank’s monetary and financial stability objectives while bringing opportunities and improvements. The Paper outlines the Bank’s current plans,… Read More

July 30, 2024 @ 10:28 am By JD Alois  |  

Deeptech Labs will be partnering with British Business Investments to funnel £10 million in funding to deep tech firms in the UK as part of the Regional Angels Programme. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. The mission is to… Read More

July 30, 2024 @ 10:10 am By Omar Faridi  |  

NatWest Group has issued its first Electric Vehicle Green bond (the “EV Green Bond”) raising net proceeds of €750 million from institutional investors based in the UK, Europe & Asia. The issuance makes NatWest Group the first UK bank “to issue a green bond where… Read More

July 30, 2024 @ 9:40 am By JD Alois  |  

British Columbia Investment Management Corporation (BCI) has sold its majority stake in alternative asset firm Hayfin Capital Management to Arctos Partners. Terms of the deal were not immediately available. BCI will remain a “significant and strategic limited partner in certain key Hayfin fund strategies.” BCI… Read More

July 30, 2024 @ 9:23 am By Omar Faridi  |  

Kaspersky is pleased to announce the launch of a new AI-focused module within its Kaspersky Automated Security Awareness Platform (ASAP). This latest addition aims to equip professionals “with the necessary skills to combat the evolving threats posed by AI-driven cyberattacks.” The urgency of understanding AI-related… Read More

July 30, 2024 @ 9:19 am By JD Alois  |  

As the UK pushes aims to improve its financial services market, including Fintechs, the Bank of England and Prudential Regulation Authority (PRA), have announced a new Cost Benefit Analysis Panel (CBA Panel). This new Panel will proffer advice on the impact of new rules or… Read More

July 30, 2024 @ 8:10 am By Omar Faridi  |  

AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation “from Par Equity and financial services industry leaders: Lloyds Banking Group and Nationwide.”… Read More

July 30, 2024 @ 8:09 am By Omar Faridi  |  

For the “first” time in United States history, crypto has become a significant campaign issue in a presidential election, according to Gemini‘s upcoming 2024 State of Crypto survey. The study shared by Gemini found that “more than one in five Americans currently own cryptocurrency (21%).”… Read More

July 30, 2024 @ 8:07 am By Omar Faridi  |  

Institutional investors and wealth managers are increasingly convinced the $100,000 Bitcoin landmark will be achieved with one in five expecting it will be hit within two years (the current price is $66,687), according to new global research by London-based Nickel Digital Asset Management, Europe’s digital… Read More

July 30, 2024 @ 8:00 am By JD Alois  |  

Blue Tree Technologies, a Foodtech that removes sugar from common foods, has raised $2.26 million in a funding round led by online investment platform OurCrowd. Sucden Ventures also participated in the funding round. Founded in Israel in 2020 by Didier Toubia, a co-founder and former… Read More

July 30, 2024 @ 7:44 am By Omar Faridi  |  

Pacaso, the real estate marketplace for co-owned luxury vacation homes, marks a significant milestone with the passage of a new ordinance by the Palm Springs City Council. This is the first city in California to “affirmatively recognize and regulate co-owned homes, ensuring they are thoughtfully… Read More

July 30, 2024 @ 4:34 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced today that it has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to “scale operations… Read More

July 29, 2024 @ 11:30 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics to quantify cyber risk, estimates preliminary insured losses from the July 19 CrowdOut event for the standalone cyber insurance market at between $400mn and $1.5bn. The faulty CrowdStrike Falcon Sensor update and subsequent outage – the CrowdOut Event… Read More