May 26, 2024 @ 3:21 pm By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, announced  the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations. In their respective roles, Murphy and Veisz will “help to further expand DriveWealth’s footprint in global markets, develop… Read More

May 26, 2024 @ 2:51 pm By Omar Faridi  |  

Every economic cycle has its “currency war,” according to an update from iBanFirst. In the 1920s, France, Germany, and Belgium “devalued their currencies to return to the gold standard, which had been abandoned during World War I.” In the 1930s, major global economies “resorted to… Read More

May 26, 2024 @ 2:42 pm By Michael Wong  |  

Approximately 60% of U.S. cryptocurrency investors admit they do not understand blockchain technology, according to a recent survey conducted by language-learning company Preply. The survey, which included responses from 1,001 people living in the U.S., examined participants’ knowledge, interest, and experience with cryptocurrency. The findings… Read More

May 25, 2024 @ 3:16 pm By Omar Faridi  |  

As generative AI continues to transform industries, Billtrust, a B2B order-to-cash and digital payments market leader, released a new report uncovering perspectives from U.S. CFOs on the adoption and impact of this disruptive technology. Billtrust‘s “Generative AI & The Office of the CFO” report surveyed… Read More

May 25, 2024 @ 2:58 pm By Omar Faridi  |  

AvidXchange (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a strategic partnership with MIP Fund Accounting by Community Brands (MIP) in combination with a new invoice-to-pay application programming interface (API) integration. This… Read More

May 25, 2024 @ 2:11 pm By Omar Faridi  |  

Modulr is pleased to be working with the University of Edinburgh Business School. Their collaboration showcases their shared commitment “to fostering technology innovations, inspiring the next generation of business leaders and building Scotland’s prominence as a tech hub.” Here’s how Modulr is supporting the University… Read More

May 25, 2024 @ 1:33 pm By Omar Faridi  |  

Polly, the provider of innovative mortgage capital markets technology and operator of the industry’s first cloud-native, commercially scalable product and pricing engine (PPE),  announced its latest API integration with nCino (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry. This… Read More

May 25, 2024 @ 12:06 pm By Michael Wong  |  

Filinvest Development Corp. (FDC) announced that its subsidiary, f(dev) Digital Innovations and Ventures Inc., along with partner Investree Singapore Pte. Ltd., have agreed to wind down the operations of Investree PH Inc., the Philippines’ first crowdfunding platform. In a disclosure to the stock exchange, FDC… Read More

May 25, 2024 @ 11:35 am By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT) announced that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt’s crypto business. In this newly created position, Kamrath will be reporting directly to Andy Main, Bakkt’s Chief Executive Officer. Main said: “By appointing Ray Kamrath to lead… Read More

May 25, 2024 @ 11:23 am By Tony Zerucha  |  

Alkami, a cloud-based digital banking solutions provider for financial institutions in the U.S.,  this week announced the release of its latest research, the Generational Trends in Digital Banking Study. The study comes amidst what has been called the greatest intergenerational wealth transfer in history, with… Read More

May 25, 2024 @ 10:36 am By Omar Faridi  |  

Scalapay, the Buy Now, Pay Later (BNPL) platform in Southern Europe, and Adyen (AMS: ADYEN), the financial technology platform chosen by companies globally, announce the launch of a strategic partnership that opens up to new opportunities in the payments landscape. This collaboration will see Adyen “process… Read More

May 25, 2024 @ 9:44 am By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management, this week launched a free Risk Assessment Model that enables businesses to conduct an initial assessment of their exposure to operational, security and identity fraud risk. Drawing insights from billions of transactions processed globally and… Read More

May 25, 2024 @ 9:09 am By Tony Zerucha  |  

This week Atomic, a payroll connectivity provider, launched PayLink Manage, a subscription management technology designed to help account holders view, update and optimize all their recurring payments directly within their financial institution’s app, helping them to take action to cut unnecessary spending and be better with… Read More

May 25, 2024 @ 8:39 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s largest adviser platform groups with £89bn of assets under administration (AUA) from 235,000 customers, has received approval from the Financial Conduct Authority (FCA) for the acquisition of Third Financial. Third Financial is an investment… Read More

May 25, 2024 @ 8:33 am By Omar Faridi  |  

Digital bank Revolut has reportedly integrated with self-custody crypto wallet MetaMask, allowing clients to replenish their holdings with crypto-asset purchases via their Revolut accounts. According to the update, the integration offers a frictionless on-ramp for fiat-to-crypto purchases to the MetaMask Wallet, enhancing the process of… Read More

May 25, 2024 @ 8:04 am By Michael Wong  |  

CBiGroup, a US-based fintech company, has raised $15 million in a Series A funding round led by Alpol Capital Family Office, renowned for its investments in new technologies. The newly acquired funds will be used to enhance research and development efforts, particularly in new technologies… Read More

May 24, 2024 @ 3:33 pm By Omar Faridi  |  

UK digital bank Chetwood Financial has completed the acquisition of the buy to let mortgage lender CHL Mortgages for Intermediaries (CMI) from Barossa Asset Purchaser Sarl. Chetwood entered a competitive bidding process “to acquire the lender, which trades as CHL Mortgages, to grow a well-regarded… Read More

May 24, 2024 @ 3:32 pm By Omar Faridi  |  

iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced the successful launch of the first fund leveraging iCapital’s new Distributed Ledger Technology (DLT). The fund is distributed by UBS Wealth Management. This marks an important technological advancement “for… Read More

May 24, 2024 @ 12:42 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is poised to green-light Ethereum (Ether) ETFs after years of pushback. As of this writing, it was not clear as to when these products would commence trading. Earlier this year, the SEC approved spot Bitcoin ETFs for trading after… Read More

May 24, 2024 @ 11:59 am By Omar Faridi  |  

Fireblocks claims that it has consistently led the way in providing the fastest and most diverse range of blockchain support. With a growing list of over 60 supported blockchains, Fireblocks enables customers to securely custody tokens “on the latest chains and quickly build innovative services… Read More