April 18, 2024 @ 7:09 pm By Omar Faridi  |  

Finix, the payment processor enabling businesses to accept and send payments, launched its Merchant Underwriting solution to automate underwriting workflows and streamline merchant onboarding processes. Finix’s solution collects and verifies necessary information “via pre-built brandable forms to empower businesses to onboard more merchants faster while… Read More

April 18, 2024 @ 6:32 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the digital assets industry, and Fuze, a digital assets infrastructure provider with offices in Abu Dhabi, Dubai, and Istanbul, have signed a Memorandum of Understanding (MoU) in order “to establish the terms of a collaboration… Read More

April 18, 2024 @ 5:34 pm By Omar Faridi  |  

Circle marked a significant compliance milestone this month by completing a System and Organization Controls (SOC) 2 Type 2 security audit under standards established by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type 2 is a rigorous examination “conducted by an… Read More

April 18, 2024 @ 12:54 pm By Omar Faridi  |  

Percipience, an insurtech data and analytics software provider, is pleased to announce an implementation of Data Magnifier was delivered successfully by a small, blended team of Ascot Group Limited and Percipience resources on-time and under budget. Ascot is one of the specialty risk assumption organizations…. Read More

April 18, 2024 @ 12:52 pm By Omar Faridi  |  

Failed cryptocurrency lending firm Genesis will reportedly be returning 97% of crypto-assets from a customer program with digital asset platform Gemini by May of this year. This update has been shared after a New York based bankruptcy Judge stated on Tuesday that they have approved… Read More

April 18, 2024 @ 11:20 am By JD Alois  |  

Vanderbilt University Professor Joshua T. White, a former SEC economist at the Division of Economic and Risk Analysis (DERA), did a highly effective job of critiquing the SEC’s new climate disclosure rules during a hearing of the House Financial Services Committee. The new type of… Read More

April 18, 2024 @ 9:44 am By Omar Faridi  |  

Paystand, the global enabler of B2B payments, today announced it has brought full payments integration to Microsoft Dynamics 365 Business Central. In addition Paystand will support Dynamics NAV, GP, AX, and Dynamics 365 Finance. It has also established a partnership “with independent software vendor ERP… Read More

April 18, 2024 @ 9:01 am By JD Alois  |  

CrowdProperty, a property investment platform, has announced a new feature called Instant Decision in Principle (iDIP). This feature aims to speed up the financing process for developers. The feature will be officially revealed at the Property Investor Show in London this weekend. CrowdProperty explains that… Read More

April 18, 2024 @ 8:43 am By Omar Faridi  |  

More than a third (36%) of senior leaders in the financial services sector use generative AI at least once a day at work, according to new research from KPMG UK. Of all senior professionals in the sector, CEOs are “the most frequent users (30%) of… Read More

April 18, 2024 @ 8:38 am By Omar Faridi  |  

Revolut, the global financial app with more than 40 million customers worldwide, has  announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights. The report, based on extensive internal research and data analysis, “aims to shed light… Read More

April 18, 2024 @ 8:32 am By Omar Faridi  |  

Since 2020, median home prices have risen by 16%, while the median household income has increased by ~1% – from $76,660 in 2020 to $77,283 in 2024. For a median-priced home worth $417,700, a 15% down payment would cost $62,655. Anthony Scaramucci & SkyBridge have… Read More

April 18, 2024 @ 8:20 am By Omar Faridi  |  

With the UK rethinking its approach to AI legislation, Scott Dawson, Head of Strategic Partnerships at DECTA, an end-to-end payments solutions provider, has shared insights focused on examining what a divergence in the UK and the EU’s legislative approach in AI could mean. Scott Dawson,… Read More

April 17, 2024 @ 6:24 pm By Omar Faridi  |  

Homium, Inc., a home equity mortgage lender and securitization platform, has launched its tokenized home equity loans on Avalanche. Homium’s shared appreciation home equity loans “provide homeowners with a novel way to borrow against their home equity without increasing their monthly debt burden.” Homium’s launch… Read More

April 17, 2024 @ 6:22 pm By Omar Faridi  |  

Nium, the global enabler of real-time, cross-border payments, announced that it is now registered as a Financial Services Provider in New Zealand. This pivotal step marks Nium’s entry into the dynamic financial landscape of New Zealand and reinforces its commitment “to delivering innovative financial solutions… Read More

April 17, 2024 @ 6:11 pm By Omar Faridi  |  

Bridgewise, the AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million. The investment round was reportedly “led by SIX Group with participation from Group11, L4 Venture Builder, and other global… Read More

April 17, 2024 @ 6:09 pm By Omar Faridi  |  

Tuum, a core banking provider, announces its strategic expansion into the Middle East market and the creation of a regional headquarters at ADGM in Abu Dhabi. The move to expand into the Middle East “follows Tuum’s recent Series B funding round led by CommerzVentures, with… Read More

April 17, 2024 @ 1:40 pm By JD Alois  |  

Recently, CI reported on the requirement to file a Form C-AR (annual report) for firms that raised money using the Reg CF securities exemption. While Reg CF is a notice filing there are still legal requirements to remain compliant on an ongoing basis for firms… Read More

April 17, 2024 @ 11:33 am By JD Alois  |  

The Canadian Securities Administrators (CSA), the entity that represents all of Canada’s provincial and territorial securities regulators, has posted a note on “crypto asset trading platforms” (CTPs) and the previously adopted “interim approach to value-referenced crypto assets (VRCAs).” In common terms, a VRCA is a… Read More

April 17, 2024 @ 11:18 am By Omar Faridi  |  

Aon plc (NYSE: AON), a global professional services firm, announced the successful completion of an innovative pilot for placing insurance using blockchain and smart contract technology. The pilot was conducted with Nayms SAC Ltd., “a crypto-compatible insurance marketplace, and Copper.co, a digital assets custodian.” Benefits… Read More

April 17, 2024 @ 11:15 am By JD Alois  |  

Payments Canada has announced a new system to speed up the payments and transfer process in Canada.  Real-Time Rail (RTR) seeks to enable 24/7/365 value transfer in real-time. Payments Canada is a “public purpose organization” that operates the Canadian payments system. In 2023, Payments Canada… Read More