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

The fastest blockchain has reportedly processed 91M transactions in a day, according to an update shared by CoinGecko. CoinkGecko recently shared a detailed report that examines which network support the fastest blockchain in the fast-evolving Web3 space. According to the report from CoinGecko, Solana has… Read More

May 18, 2024 @ 9:51 am By Omar Faridi  |  

Klarna explains that it supports the “principle” of sharing data with credit bureaus, and they do share data with bureaus in the UK. They are not sharing data in the US because they claim that the bureaus “do not have proper models to responsibly process… Read More

May 17, 2024 @ 8:54 pm By Omar Faridi  |  

PhonePe announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a session held in Colombo. The session saw participation from Shri Santosh Jha, the High Commissioner of India to Sri Lanka, as the Chief Guest, who highlighted… Read More

May 17, 2024 @ 7:17 pm By Omar Faridi  |  

ANZ has announced ANZ Plus Add-Ons, enabling customers to customise their banking experience with a mix of smart money management tools from the bank, and integrated experiences from third-party partners. ANZ Plus Add-Ons include “the new Money Map and Money In & Out. Money Map… Read More

May 17, 2024 @ 6:46 pm By Omar Faridi  |  

Emirates NBD, which is one of the banking groups in the MENA and Turkey region, has partnered with Pine Labs, a merchant commerce omnichannel platform, to ensure that companies across the region have access to the latest, and best, payment solutions. As part of its… Read More

May 17, 2024 @ 3:51 pm By Omar Faridi  |  

Figment has collaborated its protocol staking solutions with Maple Finance, which claims to set itself apart as an innovator in the digital asset lending space with its diversified lending solutions. Now that Maple Finance can stake their client’s digital assets, it will “provide more security… Read More

May 17, 2024 @ 1:43 pm By Omar Faridi  |  

Countries need to urgently step up their efforts to target the huge illicit profits generated by transnational organized crime that facilitate conflicts, fund terrorism, and negatively impact vulnerable populations, according to an update shared by FATF. This was the unprecedented call to action from the… Read More

May 17, 2024 @ 12:25 pm By JD Alois  |  

WatchHouse, a specialty coffee shop that aims to top entrenched players, has raised over £7.189 million on Crowdcube. This is the second funding round on the crowdfunding platform. WatchHouse previously raised over £2.8 million in 2022; thus, the total in online funding now surpasses £10… Read More

May 17, 2024 @ 10:06 am By JD Alois  |  

io.finnet has launched a new digital asset custody solution catering to institutions. The company says that “”io.vault” has signed up several institutional players including Ibanera and Evo Exchange. io.vault aims to support clients in the OTC sector, DeFi platforms, crypto exchanges, active trading funds, and… Read More

May 17, 2024 @ 10:01 am By Omar Faridi  |  

We spoke to co-founder of PayFuture Technologies Dubai, Zaki Farooq on why businesses should overcome their reluctance to enter emerging markets to tap into a world of opportunity. Emerging markets are one of the fastest developing sectors of the global economy and many new businesses are establishing… Read More

May 17, 2024 @ 9:25 am By Omar Faridi  |  

Corporate venture capital funding rebounds in Q1’24, driven by $100M+ mega-rounds, according to an update from CBInsights. CBInsights noted that Corporate venture capital (CVC) had “a solid quarter in Q1’24, with CVC-backed funding increasing by 26% quarter-over-quarter (QoQ), greater than the venture market as a… Read More

May 17, 2024 @ 8:59 am By Omar Faridi  |  

Bitcoin Suisse reports on its 2023 financial result and provides an outlook into 2024. During a phase of what market insiders commonly refer to as “crypto winter”, the company streamlined its offering, increased the scalability and efficiency of its infrastructure, and invested into future products… Read More

May 17, 2024 @ 8:56 am By Omar Faridi  |  

Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Elizabeth Faber, Deloitte Global Chief People & Purpose Officer, said: “This year’s survey spotlights two… Read More

May 16, 2024 @ 10:41 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released the Jumio 2024 Online Identity Study, the third installment of its annual global consumer research. This year’s results highlight significant “concerns among consumers about the risks associated with generative AI and… Read More

May 16, 2024 @ 10:39 pm By Omar Faridi  |  

Consumers are willing to spend an average of 9.7% more on sustainably produced or sourced goods, even as cost-of-living and inflationary concerns weigh, according to PwC’s 2024 Voice of the Consumer Survey, released recently. The survey, which collected “the perspectives of more than 20,000 consumers… Read More

May 16, 2024 @ 10:38 pm By Omar Faridi  |  

Chime, provider of a banking app, is announcing MyPay, a new offering that will aim to transform how everyday people access their pay in America. MyPay, Chime’s innovation, lets eligible members “access up to $500 of their pay, including government benefits, before payday with no… Read More

May 16, 2024 @ 10:37 pm By Omar Faridi  |  

Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody “at Anchorage Digital and earn staking rewards distributed by the protocol in USDC.” As home to the only federally chartered digital asset bank,… Read More

May 16, 2024 @ 10:36 pm By Omar Faridi  |  

Tuum, the core banking services provider, is pleased to announce a new partnership with TransactionLink, a key player focused on end-to-end KYB/KYC automation solutions. This collaboration aims to tackle “the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth… Read More

May 16, 2024 @ 10:35 pm By Omar Faridi  |  

The way people pay and get paid has changed more in the past five years than in the last 50, according to an update from Visa (NYSE: V). Consumers have evolved, adapting to new payment experiences – “from the advent of embedded, digital commerce to… Read More

May 16, 2024 @ 6:34 pm By Omar Faridi  |  

Applied research from the Worldcoin Foundation and TACEO, a team of cryptography engineers, has advanced the biometric template protection and enabled the secure deletion of Worldcoin’s previous iris code system. Working within a field of cryptography “known as secure multi-party computation (SMPC), Worldcoin and TACEO… Read More