May 24, 2024 @ 10:48 am By JD Alois  |  

HNW Lending says it has surpassed £140 million in online lending. As the name implies, HNW means high net worth individuals. Regulated by the UK Financial Conduct Authority, HNW Lending is a peer-to-peer lending platform that enables asset-backed loans for UK-based individuals and businesses, with… Read More

May 24, 2024 @ 10:15 am By JD Alois  |  

Stand with Crypto, an advocacy group that supports appropriate regulation of the digital asset sector, has set up shop in the UK. While the UK is moving forward with bespoke regulation, it has been more challenging in the US. The US House of Representatives recently… Read More

May 24, 2024 @ 9:48 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has appointed Kim Gubler as an independent trustee. Kim was a founding director of the Pensions Administration Standards Association (PASA) and has been its Chair since 2019. PASA is an industry… Read More

May 24, 2024 @ 9:12 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announced its latest milestone: surpassing 4 million registered customers within 44 months of launch. Philip Belamant, CEO and co-founder of Zilch said: “In less than four years, we’ve transformed how millions experience, engage and – most importantly – are… Read More

May 24, 2024 @ 9:03 am By Omar Faridi  |  

Upvest, the investment infrastructure provider in Europe, and Raisin, Europe’s marketplace for savings and investment products, are pleased to announce the successful migration of single-digit billion in Assets under Management (AuM). This significant achievement demonstrates “the strength of the partnership between the two fintech leaders… Read More

May 24, 2024 @ 8:58 am By Omar Faridi  |  

VersiFi, the digital asset trading and lending firm, announced it has acquired Ather Digital for an undisclosed amount. The deal, which closed in May, bolsters VersiFi’s suite of trading technology “to include direct market access (DMA), algorithmic trading and smart order routing (SOR).” Ather Digital… Read More

May 24, 2024 @ 8:57 am By Omar Faridi  |  

The European Central Bank (ECB) is focused on carrying out DLT or distributed ledger technology trials, which are currently underway. The Eurosystem is currently testing distributed ledger technology (DLT) for wholesale transactions in central bank money. During these trials, 16 private firms as well as… Read More

May 23, 2024 @ 11:26 pm By Omar Faridi  |  

The release of Deloitte Private’s inaugural Family Office Insights Series – Global Edition reveals The Top 10 Family Office Trends of 2024, which covers investing, risk management, hiring, sustainability, succession planning, cybersecurity, digital transformation, and more. Deloitte Global surveyed 354 single family offices “from around… Read More

May 23, 2024 @ 10:25 pm By Omar Faridi  |  

Nansen has reportedly integrates with Sei in order to provide on-chain analytics in the Sei Ecosystem. Nansen notes in a blog post that their integration of Sei will aim “to unlock onchain insights for their community.” Nansen said they are please to announce their integration… Read More

May 23, 2024 @ 10:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The initiatives discussed covered… Read More

May 23, 2024 @ 10:22 pm By Omar Faridi  |  

The number of U.S. consumers who shopped for auto insurance in Q1 2024 increased by 6% YoY, compared to Q1 2023. This represents a five-year Q1 high and “a continuation of strong growth in shopping observed in Q4 2023,” according to new research from TransUnion… Read More

May 23, 2024 @ 10:20 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Aevo, a high-performance Layer 2 (L2) built on top of the OP Stack that allows perpetual trading, pre-launch futures, and options, all on the same platform with a single margin account. Its… Read More

May 23, 2024 @ 4:47 pm By Omar Faridi  |  

Swift has set out plans to help financial institutions streamline the cross-border payment experience for their corporate customers by “extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labeled tracking services that can be activated for customers at the click of a… Read More

May 23, 2024 @ 3:00 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement, in Q1 2024, of “a $350 million personal loan securitization” exclusively with funds and accounts… Read More

May 23, 2024 @ 2:26 pm By JD Alois  |  

The US House of Representatives has approved legislation aimed at deterring the use of a central bank digital currency, or CBDC. The CBDC Anti-Surveillance State Act (HR 5403) vote was 216 for and 192 against.  22 members did not vote. While all of the Republicans… Read More

May 23, 2024 @ 1:22 pm By Omar Faridi  |  

Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America‘s (NYSE: BAC) 14th annual Workplace Benefits Report, “The Resurging Workforce.” Conducted in partnership with Bank of America Institute, the report also “found… Read More

May 23, 2024 @ 12:01 pm By Omar Faridi  |  

FairPlay, a Fairness-as-a-Service company, announced a customer relationship with Chime, a financial technology platform founded on the belief that everyday people deserve access to helpful, transparent and fair banking services to unlock financial progress. Chime will implement FairPlay’s solutions in “the underwriting models powering the… Read More

May 23, 2024 @ 11:12 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features “include business financing through Stripe Capital, lower-cost… Read More

May 23, 2024 @ 10:44 am By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More

May 23, 2024 @ 10:23 am By JD Alois  |  

Adam Connors, formerly legal counsel at UK based securities crowdfunding platform Crowdcube, has joined the law firm of Clarke Willmott as an associate in the Taunton office. According to a statement by Clarke Willmott, Connors worked for Crowdcube for nine years, advising issuers pursuing 1700+… Read More