March 6, 2024 @ 11:42 am By Omar Faridi  |  

ChargeAfter, the embedded lending platform for point-of-sale financing, has unveiled The Lending Hub, a platform that transforms how banks deliver lending solutions for merchants and their customers at scale. Designed to empower banks and financial institutions “to streamline the development, management, and distribution of multiple… Read More

March 6, 2024 @ 11:32 am By JD Alois  |  

Reflecting on the enforcement action taken against ShapeShift, SEC Commissioners Hester Peirce and Mark Uyeda have criticized the Commission’s slapdash approach toward crypto under Chairman Gary Gensler. The Commissioners have issued a dissenting opinion on the enforcement action. In an Administrative Proceeding, it was determined… Read More

March 6, 2024 @ 11:03 am By JD Alois  |  

Apple (NASDAQ:AAPL), perhaps the largest Fintech in the world, is now allowing some Fintechs to tap into information regarding the Apple Card, Apple Cash and Apple Savings, according to multiple reports. The new API is an Open Banking service that is being rolled out in… Read More

March 6, 2024 @ 10:43 am By JD Alois  |  

The Chancellor of the Exchequer, Jeremy Hunt, delivered the Spring Budget today, and once again, there was something for everyone to like or dislike. The budget is being described as a “Budget for long-term growth,” highlighting the expectation that inflation will move lower. Hunt said the… Read More

March 6, 2024 @ 8:40 am By Omar Faridi  |  

Synctera, an enabler of embedded banking and finance, announced that it had raised an $18.6 million extension to its 2021 Series A round. Lightspeed and Fin Capital co-led the round, alongside participation from previous investors NAventures and Diagram. New investors include Banco Popular and Mana… Read More

March 6, 2024 @ 8:36 am By Omar Faridi  |  

IDEX Biometrics and Accomplish Financial, an international payment solution provider, are bringing to market a biometric payment program to help the visually- and memory impaired. The program will first launch in the UK, “where a global fintech will bring to market an accessible payment solution… Read More

March 6, 2024 @ 8:35 am By Omar Faridi  |  

Bullish, a digital asset exchanges, announced that its affiliate, BTH, has partnered with Paxos, the blockchain and tokenization infrastructure platforms. The collaboration offers traders and market makers “significant liquidity on the Bullish exchange for the regulated, PayPal USD (PYUSD), PayPal’s stablecoin issued by Paxos, and… Read More

March 6, 2024 @ 8:31 am By Omar Faridi  |  

Innovate Finance, the independent industry body for UK Fintech, has launched the Unicorn Council for UK Fintech (UCFT), a coalition of UK-based Fintech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council will be “co-chaired by Janine Hirt, CEO… Read More

March 6, 2024 @ 7:34 am By Omar Faridi  |  

To elevate its securities finance offering, CGS International Securities Pte. Ltd., an integrated financial services provider in Asia, has implemented global Fintech Broadridge Financial Solutions, Inc.‘s (NYSE:BR), Securities Finance and Collateral Management (SFCM) platform. The single platform enables CGS International “to minimize costs via automation… Read More

March 6, 2024 @ 7:22 am By Omar Faridi  |  

Rabobank has reportedly carried out several pilots in order to execute over €2 billion in commercial paper transactions via blockchain platform Ubermorgen. The platform provides financial market participants with instant access to funds via the automated issuance of commercial paper as well as certificates of… Read More

March 6, 2024 @ 6:45 am By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the fourth quarter ended December 31, 2023. Michael Praeger, CEO & Co-Founder of AvidXchange, said: “We had… Read More

March 6, 2024 @ 5:11 am By Omar Faridi  |  

Bitstamp announced that it received the In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS). According to an update from Bitstamp, this is considered to be “a crucial step towards obtaining our Major Payment Institution license.” IPA paves the way for Bitstamp to “provide… Read More

March 6, 2024 @ 5:02 am By Omar Faridi  |  

Fetch.ai, a firm focused on artificial intelligence development, has announced a major infrastructure investment securing the expansion of the tools and training capabilities available to its users and developers. The launch of Fetch Compute is “a $100 million project that is designed to supercharge participant’s… Read More

March 6, 2024 @ 2:33 am By Omar Faridi  |  

Yuno, a global payments orchestration platform, announces it has secured $25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures and Monashees. Founded by experienced tech entrepreneurs Juan Pablo Ortega and Julián Núñez, Yuno offers its clients… Read More

March 5, 2024 @ 10:08 pm By Omar Faridi  |  

The Central Bank of Ireland has reportedly shared a new multi-year payments strategy following concerns that banking institutions are not actually taking advantage of the opportunities made available through instant payments. While at the BPFI National Payments Conference, Vasileios Madouros, the Deputy Governor, Central Bank… Read More

March 5, 2024 @ 10:00 pm By Omar Faridi  |  

Unit21, a key provider focused on Fraud and AML solutions, unveiled its new AI-powered features at Fintech Meetup. The innovative Ask Your Data and AI Copilot tools are “designed to significantly enhance the decision-making capabilities and operational efficiency of fraud analysts, compliance officers, and risk… Read More

March 5, 2024 @ 5:50 pm By JD Alois  |  

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, discussed the benefits of the Expanding Access to Capital Act (HR 2799). Speaking before the House Committee on Rules, McHenry said HR 2799 builds upon the success of the JOBS Act of 2012 –… Read More

March 5, 2024 @ 3:43 pm By Omar Faridi  |  

Private markets investment management firm Hamilton Lane (Nasdaq: HLNE)  announced the final closing of Hamilton Lane Strategic Opportunities Fund VIII. The Fund represents approximately $700 million in commitments “from a wide range of institutions, including over 50 investors across North America, Asia, EMEA and Latin… Read More

March 5, 2024 @ 3:06 pm By Omar Faridi  |  

TrueNorth, a professional services organization specializing in implementation, systems integration and engineering of digital solutions for the financial services industry, and Brim Financial, a provider of credit card platform as-a-service and one of the fastest growing Fintechs in North America, are excited to announce their… Read More

March 5, 2024 @ 12:10 pm By JD Alois  |  

The Expanding Access to Capital Act (HR 2799) will go to a floor vote this week. If approved, the legislation will then make its way to the Senate for potential approval. The bill is sponsored by Congressman Patrick McHenry, Chairman of the House Financial Services… Read More