June 6, 2024 @ 1:54 pm By Omar Faridi  |  

Copper.Co, an institutional digital asset custodian has partnered with 1Token, a crypto-native investment management system provider based in Singapore and Shanghai. This collaboration is set to significantly “improve operational efficiency and security for institutional clients focused on compliance.” Through this integration, 1Token’s “advanced CAM (Crypto… Read More

June 6, 2024 @ 12:58 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, “up 4% from May 2023.” The company’s interest rate and metals products also “reached May ADV records, as its… Read More

June 6, 2024 @ 11:50 am By Omar Faridi  |  

The majority (61%) of teachers in the U.S. are stressed about their finances, with many either getting a second job or considering leaving their job for one that pays more, according to new research from DailyPay conducted by The Harris Poll. The new data reveals… Read More

June 6, 2024 @ 10:51 am By Omar Faridi  |  

To ensure a smooth transition for local banks to comply with the new and amended requirements arising from the Banking package, which was recently adopted by the European Parliament and the Council of the European Union, the MFSA has issued a Dear CEO Letter to… Read More

June 6, 2024 @ 10:23 am By JD Alois  |  

While stating the 2% target rate of inflation is still in place, the European Central Bank (ECB) has cut benchmark rates by 25 basis points. The ECB said the European economy is starting to grow, and they anticipate the 2% target will be hit in… Read More

June 6, 2024 @ 10:11 am By Omar Faridi  |  

Nucleus Financial Platforms Group, one of the UK’s independent, adviser platform groups, has released new research revealing that 71% of UK adults believe the state pension will not exist or will be less generous when they retire. With a general election set for 4 July,… Read More

June 6, 2024 @ 10:10 am By JD Alois  |  

White-label spend management and card platform Torpago has raised $10 million in a Series B funding round. Priority Tech Ventures and EJF Ventures co-led the round, which also included BankTech Ventures and other existing investors. Torpago raised a $6 million Series A round in 2023…. Read More

June 6, 2024 @ 10:04 am By JD Alois  |  

European payments platform Mangopay has announced partnerships with several Spanish firms, including Webel, Filmo, and Kuarere. Mangopay states that collaborating with these three Spanish firms will increase its presence in sectors such as media, entertainment, and home delivery services. Filmo is a B2B2C platform that aims… Read More

June 6, 2024 @ 9:56 am By Omar Faridi  |  

Nium, the global enabler of real-time cross-border payments, announced it has raised US$50 million in a Series E funding round. The investment round was led by “a sovereign wealth fund in Southeast Asia and values the company at US$1.4 billion post-money.” The sovereign wealth fund… Read More

June 6, 2024 @ 9:49 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation “in the digital asset industry, facilitate USDT-based cross-border payments in… Read More

June 6, 2024 @ 9:46 am 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, today announced Stephen Simcock as the company’s new general counsel. Simcock – who has spent more than three decades helping retail… Read More

June 6, 2024 @ 9:21 am By Omar Faridi  |  

Ripple, the enterprise blockchain and crypto solutions provider, announced a partnership with Clear Junction, the global enabler of cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating “instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers.” A host… Read More

June 6, 2024 @ 7:22 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), a modern spin on a retail brokerage, has announced the pending acquisition of Bitstamp, a crypto exchange that operates across the EU, US, UK and Asia. Bitstamp is a top 20 crypto exchange, currently ranked 16th in the world by Coinmarketcap. The digital… Read More

June 6, 2024 @ 7:08 am By Omar Faridi  |  

Anchorage Digital Bank N.A. is the only federally-chartered bank not impacted by Staff Accounting Bulletin No. 121 (SAB 121), allowing them to provide custody at scale to institutional clients across the crypto ecosystem. The goal of SAB 121—to ensure that investors are “informed about the… Read More

June 6, 2024 @ 7:05 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) warns the public about the activities of several fraudulent market participants and publishes a new ‘blacklist’ (focused on crypto-assets service providers in France). As part of its update, the AMF is adding “to and reorganizing the list of websites… Read More

June 5, 2024 @ 11:54 pm By Omar Faridi  |  

Smart Pension, the UK’s tech-led workplace pension provider, announces a strategic partnership with institutional investment platform and solutions provider Mobius Life. As part of the partnership, Mobius now provides “the investment platform for Smart Pension’s £5bn Assets Under Management (AUM) and 1.4 million member-strong pension… Read More

June 5, 2024 @ 11:13 pm By JD Alois  |  

The European Central Bank (ECB) is expected to cut interest rates tomorrow (June 6) as growth flags across Europe. Earlier today, the Bank of Canada reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5%, noting that the global economy… Read More

June 5, 2024 @ 10:53 pm By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users across Europe a complete overview of their finances. This is achieved by leveraging Mastercard’s Open Banking platform, “which allows users to add accounts from… Read More

June 5, 2024 @ 6:50 pm By Omar Faridi  |  

Token.io announces Prommt as first partner to leverage its new hosted payment pages; enhancing user experiences and maximizing conversion for Pay by Bank. Account-to-account (A2A) payment infrastructure provider, Token.io, confirmed recently the launch of new hosted payment pages “to enhance Pay by Bank user experiences,… Read More

June 5, 2024 @ 6:43 pm By Omar Faridi  |  

It’s now possible to use digital currency in China in order to save carbon credits. Industrial Bank‘s digital RMB application use-cases continue to expand. Recently, it was reported that Industrial Bank has introduced a new service. This is for newly opened real-name Industrial Bank wallet… Read More