May 11, 2024 @ 5:27 pm By Michael Wong  |  

Global Fintech platform Airwallex is in discussions with several Middle Eastern sovereign wealth funds as it seeks to raise capital for regional expansion, according to CEO Jack Zhang. The Melbourne-based startup has engaged with Abu Dhabi Investment Authority, Mubadala Investment Co, and Saudi Arabia’s Public… Read More

May 11, 2024 @ 5:25 pm By Omar Faridi  |  

Taurus SA is pleased to announce its new membership with the Nordic Blockchain Association (NBA), a non-profit organization dedicated to the advancement of blockchain technology in the Nordic countries. This partnership highlights Taurus‘ commitment “to supporting digital assets growth with traditional financial institutions in the… Read More

May 11, 2024 @ 5:22 pm By Omar Faridi  |  

Validata announces the extension of their long-standing global, technology partnership agreement with Temenos and has extended its integration with Temenos core banking to provide banks and Electronic Money Institutions (EMIs) with “a cost-effective solution for Cash and Nostro reconciliation including payments investigations and case management,… Read More

May 11, 2024 @ 5:19 pm By Michael Wong  |  

The Financial Intelligence Unit (FIU) of the Indian government has granted Binance and Kucoin, offshore cryptocurrency exchanges, the approval to register and operate as virtual asset service providers in India. This pivotal decision allows them to engage in a broad array of digital asset services,… Read More

May 11, 2024 @ 4:56 pm By Omar Faridi  |  

Thunes, a global money movement innovator, has joined forces with Pomelo, a credit-powered remittance company and credit card issuer, to introduce a groundbreaking international money transfer solution from the United States to the Philippines. This strategic partnership transforms the way remittances “are handled via Thunes’… Read More

May 11, 2024 @ 9:37 am By Michael Wong  |  

Corpay, a corporate payments company based in Atlanta, California, has announced its intention to acquire Paymerang, a player in accounts payable automation solutions located in Richmond, Virginia. Although the financial details of the acquisition were not disclosed, the transaction is anticipated to close in the… Read More

May 11, 2024 @ 8:48 am By Omar Faridi  |  

April’s KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signaled a further decline in permanent placements made by UK recruitment consultants. There were reports of a heightened caution “amongst clients, with firms reportedly holding back on recruitment.” However, the overall fall… Read More

May 11, 2024 @ 8:46 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions and XRPL Labs, the company that develops wallets and other software for the XRP ledger, have joined Swirlds Labs and the Algorand Foundation as the Founding Members of the DeRec Alliance, with two-year seats on the… Read More

May 10, 2024 @ 5:47 pm By JD Alois  |  

The Financial Innovation and Technology for the 21st Century (FIT21) Act is taking another step forward in a process to provide new rules to oversee the emerging digital asset ecosystem. The House Rules Committee has agreed to a floor vote, which is expected to take place… Read More

May 10, 2024 @ 5:07 pm By Omar Faridi  |  

Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card testing attacks, “allowing them to exploit vulnerabilities at an unprecedented scale and speed.” This, according to an update from Visa (NYSE:V). These attacks, known as enumeration attacks, “inflict operational expenses… Read More

May 10, 2024 @ 2:50 pm By JD Alois  |  

BlackStar (OTC Pink:BEGI) reports that it has patented a process to trade securities using blockchain technology. BlackStar is a microcap trading on OTC Markets Pink segment. Its market cap is currently around $3.8 million. BlackStar also operates Blockchain Equity Management Corp. (BEMC). The company aims… Read More

May 10, 2024 @ 2:36 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial technology, announced that WaFd Bank has selected CashFlow Central from Fiserv to enhance its robust small business banking offerings. WaFd Bank small business customers will be “able to access a full range of capabilities… Read More

May 10, 2024 @ 2:31 pm By Omar Faridi  |  

Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyber threat landscape. The report reveals significant “increases in mobile banking malware and cryptocurrency-related phishing, signaling growing threats to digital financial assets.” 2023 witnessed a substantial rise… Read More

May 10, 2024 @ 2:30 pm By Omar Faridi  |  

FINTRAC announced that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance. This foreign money services business was “imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance… Read More

May 10, 2024 @ 10:59 am By JD Alois  |  

Bitso, a Latin American digital asset platform, has announced a new digital wallet, which will be made available to its users beginning May 13th. According to a statement distributed by the firm, the Bitso Web3 Wallet has been created to interact with Web3 applications (dApps)… Read More

May 10, 2024 @ 9:44 am By Omar Faridi  |  

Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion (NYSE: TRU) released these findings at the company’s 2024 Financial Services Summit. The new TransUnion study, Solving for Z, “explored credit… Read More

May 10, 2024 @ 9:17 am By JD Alois  |  

Call it fate or luck, but most FTX customers and creditors will receive their money back after the firm filed for bankruptcy protection. FTX, under the management of liquidators, said that 98% of FTX creditors would receive at least 118% of allowed claims. Other creditors… Read More

May 10, 2024 @ 9:04 am By Omar Faridi  |  

Fireblocks now offers support for $EIGEN, alongside access to restaking via EigenLayer, a protocol in the Ethereum ecosystem. This integration allows ETH stakers “to generate additional rewards” without committing further collateral through a process called “restaking.” EigenLayer is set to launch “the first round of… Read More

May 10, 2024 @ 9:02 am By Omar Faridi  |  

  BlockFi says they have engaged Coinbase (NASDAQ:COIN) as their distribution partner to ensure continuity of crypto withdrawals available to their eligible BlockFi Interest Account (BIA), Retail Loan, and Private Clients. As previously reported, BlockFi emerged from bankruptcy as of October 24, 2023. BlockFi filed… Read More

May 10, 2024 @ 8:58 am By Omar Faridi  |  

One of the world’s largest asset managers projects that the stablecoin market will tip $3 trillion in the next four years, a 22x leap from today. This, according to an update shared by Ripple Labs. Putting this adoption in context “requires understanding the role stablecoins… Read More