June 23, 2024 @ 10:19 pm By Omar Faridi  |  

AMINA Bank, a licensed and FINMA-regulated digital assets bank, has announced the launch of the AMINA Payment Network (APN). Designed to address the needs of the crypto banking world, APN helps “to facilitate real-time payments to other APN members.” This new service aims to keep… Read More

June 23, 2024 @ 9:26 pm By Omar Faridi  |  

WeLab, a pan-Asian fintech platform, announced strategic actions in Southeast Asia markets and Hong Kong to propel growth, scale and profitability. These initiatives are fortifying a robust foundation to support WeLab’s accelerated growth. WeLab’s overseas expansion strategy is “on the fast track as its Hong… Read More

June 23, 2024 @ 8:53 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has released its payment card statistics for the first quarter of 2024, revealing a steady rise in credit card usage and a mixed performance in debit card transactions. As of the end of Q1 2024, the total number of… Read More

June 23, 2024 @ 8:44 pm By Tony Zerucha  |  

Findings from Veriff’s Fraud Index 2024 suggest that consumer acceptance of new security technologies is growing, with some groups still to be convinced. According to the FTC, fraud topped $10 billion in 2023, a 14% jump in one year. Almost half of consumers, 47.8%, experienced… Read More

June 23, 2024 @ 8:26 pm By JD Alois  |  

UK-based Seedrs has distributed on X touting the success of the Female Invest securities offering. Seedrs tallies the following metrics for the offering: The fastest to reach $1m in funding, in just under 4 minutes 1597 female investors Fastest securities offering to 1000 investors in… Read More

June 23, 2024 @ 8:24 pm By Omar Faridi  |  

Polyhedra Network, the team building the next generation of secure and scalable zero-knowledge (ZK) proof infrastructure, announced the latest step in its mission to make ZK-technology easily accessible to all with the rollout of D-Expander. With distributed computing, D-Expander significantly “decreases the memory requirements for… Read More

June 23, 2024 @ 8:12 pm By Omar Faridi  |  

Citi Global Perspectives and Solutions has released a report AI & Finance: Bot, Bank & Beyond. The report analyzes the role that artificial intelligence (AI) might play in “changing the way both consumers and corporates bank.” From the likely use of autonomous agents executing client… Read More

June 23, 2024 @ 7:55 pm By Michael Wong  |  

India’s fintech sector is making significant strides, with the future unicorns currently valued at $58 billion, marking a 1.8% increase from the previous year. The latest ASK Private Wealth Hurun India Future Unicorn Index 2024, released by the Hurun Research Institute, showcases notable advancements and… Read More

June 23, 2024 @ 7:52 pm By Omar Faridi  |  

Trustwise, an enabler of generative AI application performance and risk management, announced its official launch, the release of its Optimize:ai product, and $4 million in seed financing. Led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures, this investment round will “enable the… Read More

June 23, 2024 @ 7:38 pm By Omar Faridi  |  

Verituity, a provider of intelligent, verified payouts solutions, announced the close of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join… Read More

June 23, 2024 @ 7:34 pm By Omar Faridi  |  

Refine Intelligence launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques. Responding to the massive caseload that is overwhelming fraud analysts, the Refine solution – which works… Read More

June 23, 2024 @ 7:23 pm By Omar Faridi  |  

As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of Canada (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. RBC is announcing the launch of Global Credit Connect with… Read More

June 23, 2024 @ 7:21 pm By Omar Faridi  |  

CyberCube, the cyber risk modeling and analytics business, has unveiled a new visual identity which CEO Pascal Milliare says reflects the firm’s “new set of even loftier aspirations”. The new branding, called CyberCube 2.0, has been designed “to mark the company’s transition from a start-up… Read More

June 23, 2024 @ 6:51 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, highlighted the importance of digitalization in enhancing rural bank operations during the Rural Bank Strengthening Program (RBSP) Technology and Innovation Forum. BSP Governor Eli M. Remolona, Jr. said the forum aimed to address… Read More

June 23, 2024 @ 4:54 pm By Omar Faridi  |  

PitchBook has provided their 2024 US Venture Capital Outlook as part of a comprehensive  Midyear Update. Expectations for the turnaround in the VC market entering 2024 were not especially high, the research-focused firm noted in a recent update. PitchBook pointed out that the headwinds that… Read More

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

Lisa Sattler, Director of Policy and Government Relations at Payments Canada, is pleased to share that the proposed changes to the Canadian Payments Act (CP Act) in order “to expand Payments Canada’s membership have received Royal Assent, the final step required for a bill to… Read More

June 23, 2024 @ 11:48 am By Omar Faridi  |  

Amid increasing positive sentiment about the business climate1, Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city-state’s community of over 55,000 startups. The program aims to empower startups “to grow and scale their businesses, offering them tips and tools… Read More

June 23, 2024 @ 7:51 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, made generally available its new artificial intelligence (AI) solution, Banking Advisor. nCino’s Banking Advisor is said to be “a banker-focused, conversational co-pilot tool that provides financial institutions a modern… Read More

June 22, 2024 @ 10:32 pm By Omar Faridi  |  

Brankas and Global Finteq announced a partnership to launch one of the first Lending-as-a-Service (LaaS) platforms in the Philippines. Established banks, rural banks, and even non-traditional financial institutions are “now able to lend at scale as existing loan products can now exist outside of the… Read More

June 22, 2024 @ 10:24 pm By Tony Zerucha  |  

This week, Borrowell, a Canadian company, launched a program allowing renters to report up to 24 months of past rent payments to Equifax Canada with no landlord involvement required. By providing renters the ability to report past rental payment history, Borrowell said Canadians can finally… Read More