July 19, 2024 @ 12:13 pm By Michael Wong  |  

Allium, a blockchain data platform for enterprises, has raised $16.5 million in a Series A funding round led by Theory Ventures, with participation from seed investors Kleiner Perkins and Amplify Partners, according to an announcement. As part of the investment, Tomasz Tunguz, Founder of Theory… Read More

July 19, 2024 @ 12:10 pm By Omar Faridi  |  

The Bank of England has announced the appointment of members of the Enforcement Decision Making Committee. Following an external recruitment process and consultation, the Bank of England (Bank) has appointed three new members “to its Enforcement Decision Making Committee (EDMC) taking the total to nine.”… Read More

July 19, 2024 @ 12:03 pm By Michael Wong  |  

New Frontier Funding, a company that uses generative AI to assist small and medium-sized businesses (SMBs) in securing credit and debt funding, has closed a substantial round of growth capital from the Homsher Family Office. The financial terms of the transaction were not disclosed. This… Read More

July 19, 2024 @ 10:57 am By Michael Wong  |  

Slope, a fintech company specializing in innovative B2B financial solutions, announced it has raised $65 million in a new funding round. The investment, led by J.P. Morgan and Notable Capital, brings Slope’s total funding to $252 million, comprising $77 million in equity and $175 million… Read More

July 19, 2024 @ 7:06 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, has recently issued a statement regarding a proposal from the Consumer Financial Protection Bureau (CFPB). Dave’s management has stated: “We are closely monitoring the recently proposed interpretive ruling from the CFPB around paycheck advance and earned… Read More

July 19, 2024 @ 7:04 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has revealed the participants of its stablecoin issuer sandbox, marking a significant step in the city’s drive to foster a regulated and sustainable stablecoin ecosystem. Earlier this week, the results of a consultation by the HKMA on stablecoins were… Read More

July 19, 2024 @ 6:16 am By Omar Faridi  |  

Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market Private Equity analysis. The firm’s most recent M&A research study revealed “that 321 mid-market transactions were completed… Read More

July 19, 2024 @ 6:12 am By Omar Faridi  |  

David Postings, Chief Executive of UK Finance, comments on the 2024 King’s Speech. David Postings from UK Finance noted: “We welcome the focus in the King’s Speech on economic stability and growth, something the financial services sector will play a key role in delivering. The… Read More

July 19, 2024 @ 5:31 am By Omar Faridi  |  

Human Interest, the 401(k) provider, announced significant steps towards public company readiness with financings of $267M and key hires and board appointments, “all of whom share deep, first-hand experience taking companies public.” The funding includes a previously unannounced Series E raise “led by Marshall Wace… Read More

July 18, 2024 @ 4:28 pm By JD Alois  |  

The House Financial Services Committee has revealed a report on Artificial Intelligence (AI). The staff report comes from the Committee’s bipartisan Working Group on AI. The report is being released in advance of a Committee hearing next week entitled “AI Innovation Explored: Insights into AI… Read More

July 18, 2024 @ 4:02 pm By JD Alois  |  

Online investment platform OurCrowd has invested in CytoReason as part of an $80 million funding round. OurCrowd joined a group of big names in supporting the firm as NVIDIA, Pfizer, and Thermo Fisher all participated in the funding round. Bank Hapoalim was said to have… Read More

July 18, 2024 @ 2:58 pm By JD Alois  |  

Investment platform Betterment has partnered with Goldman Sachs (NYSE:GS) to provide the Goldman Sachs Tax-Smart Bonds portfolio. Not too long ago, Betterment took over Goldman’s Marcus Invest, a Fintech wealth management platform, which is being shuttered. This is part of Goldman’s exit from providing extensive… Read More

July 18, 2024 @ 2:36 pm By Omar Faridi  |  

In another step towards contributing to the development of the ETF market in Brazil, Nu Asset Management (Nubank’s investment fund manager) announces two new solutions: the Nu Ibov Smart Low Volatility B3 (LVOL11) and the Nu Ibov Smart High Beta B3 (HIGH11). The two ETFs… Read More

July 18, 2024 @ 1:43 pm By Omar Faridi  |  

Clair, the fintech company offering free Earned Wage Advances (EWA) originated by a national bank, announced a partnership with Gusto, an integrated, all-in-one software platform that automates and simplifies company payroll, benefits, and HR. Through this collaboration, Clair and Gusto are said to be breaking… Read More

July 18, 2024 @ 11:43 am By JD Alois  |  

Senator JD Vance is an investor in crypto, specifically Bitcoin. This week, Vance was announced as former President Donald Trump’s running mate, so he could potentially become the Vice President of the US if Trump wins the election. According to a report in Barrons, Vance… Read More

July 18, 2024 @ 11:22 am By JD Alois  |  

The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom. The Bank stated that the issues impacted some “high-value and time-sensitive payments, including some house purchases.” The Bank… Read More

July 18, 2024 @ 10:26 am By Omar Faridi  |  

State Street (NYSE: STT) is currently examining various options for settling payments on blockchain, according to a report from Bloomberg. State Street, which is focused on the financial services and banking sector, is assessing if it should introduce its own stablecoin, issuing its own deposit… Read More

July 18, 2024 @ 9:54 am By Omar Faridi  |  

Bondora reveals that June was a “record-breaking” month for loan originations, thanks to steady growth in Finland and the Netherlands. Overall, Bondora Group’s loan originations has reportedly “totaled €24,567,566 – the highest origination amount ever.” In June, Bondora pointed out that 1,507 more people “created… Read More

July 18, 2024 @ 9:52 am By Omar Faridi  |  

July 20, 2024, will mark exactly one year since the Federal Reserve announced the launch of the notable FedNow Service, which has allowed customers at participating financial institutions to make payments that can be sent and received at any time, immediately available to use. The… Read More

July 18, 2024 @ 9:14 am By Omar Faridi  |  

Digital identity is not the easiest concept to define, according to an update from Juniper Research. That’s because it overlaps with other, similar, areas. Juniper Research noted that the crossover “with areas such as security, privacy and data management can be significant, and in some… Read More