March 1, 2024 @ 1:12 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, and IPC Systems, a provider of trading communications solutions, announced plans to launch ICE Voice, a cloud-based audio solution that will be offered with ICE Chat to provide a seamless communications platform for… Read More

March 1, 2024 @ 1:10 pm By JD Alois  |  

Research conducted by the British Business Bank reports that bank lending dropped in 2023, delivering an amount similar to 2016. At the same time, equity capital in smaller firms cratered to levels near those in 2020. When looking more closely at private equity financing, 2023… Read More

March 1, 2024 @ 10:24 am By Omar Faridi  |  

Wedge, a Fintech startup, has launched the Wedge white-label programmable payments platform. Banks and credit unions nationwide can now “issue customers the industry’s most advanced debit cards, offering them the ability to use their most efficient payment method available at every point of purchase, physically… Read More

March 1, 2024 @ 9:11 am By JD Alois  |  

  Crowdfund Capital Advisors (CCA) has published a new report that investigates trends in online capital formation under Reg CF (Regulation Crowdfunding). CCA was co-founded by the creators of the JOBS Act – the legislation that legalized investment crowdfunding. While the bill was signed into… Read More

March 1, 2024 @ 8:53 am By Omar Faridi  |  

Qatar Investment Authority (QIA) is set to launch Qatar’s “first” venture capital (VC) Fund of Funds, a strategic investment program to foster innovation in Qatar. The Fund of Funds program will “invest more than USD 1 billion in international and regional venture capital funds.” The… Read More

March 1, 2024 @ 8:50 am By Omar Faridi  |  

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

March 1, 2024 @ 8:45 am By Omar Faridi  |  

The California Department of Financial Protection and Innovation (DFPI) announced that it has entered into a consent order with San Francisco-based Chime Financial, Inc.. The order, which includes “a $2.5 million penalty, resolves DFPI’s investigation regarding the accuracy and responsiveness of Chime’s handling of customer… Read More

March 1, 2024 @ 8:43 am By Omar Faridi  |  

Checkbook, an all-in-one payments platform, announced a multi-year collaboration with Visa (NYSE:V) aimed at expediting disbursements to businesses, institutions, and individuals across millions of endpoints around the country. This announcement builds on Visa and Checkbook’s incremental collaboration “with Checkbook having participated in the Visa FastTrack… Read More

March 1, 2024 @ 3:58 am By Omar Faridi  |  

allpay cards, an entity in card manufacturing, announces its collaboration with SPICA, an industry participant focused on the production of high-performance recycled and virgin PVC material. As the “only” card manufacturers in the UK with this set-up, this partnership “marks a significant stride toward fostering… Read More

March 1, 2024 @ 3:43 am By Omar Faridi  |  

Sygnum, a global digital asset banking group; Hamilton Lane (Nasdaq: HLNE), a global private markets investment management firm; and financial services firm Apex Group are expanding access to global private markets via new DLT-registered shares on the Polygon blockchain. Sygnum Bank, Hamilton Lane, and Apex… Read More

March 1, 2024 @ 2:23 am By Omar Faridi  |  

Finfront Holding Company, a digital asset mining service and cloud-mining service provider, and Arisz Acquisition Corp. (ARIZ), a publicly-traded special purpose acquisition company, announced that they have completed their previously announced business combination. The listed company following the Business Combination is BitFuFu Inc., and its… Read More

March 1, 2024 @ 2:12 am By Omar Faridi  |  

Portofino Technologies, one of the cryptocurrency market makers, announces its successful registration as a cryptoasset firm with the Financial Conduct Authority (FCA), enabling the business to trade cryptocurrencies with institutional investors in the UK. Since its inception, Portofino Technologies, a crypto-native high frequency trading firm,… Read More

February 29, 2024 @ 9:39 pm By Omar Faridi  |  

Following a successful beta phase, MetaMask, developed by Consensys, and Blockaid, a web3 security provider, today announced the by-default integration of privacy-preserving security alerts for all MetaMask extension and mobile app users. This ensures that 100% of global users of the world’s self-custodial wallet will… Read More

February 29, 2024 @ 9:36 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, and BTG Pactual (BTG), the investment bank in Latin America, announced a new agreement to further advance crypto banking services across the… Read More

February 29, 2024 @ 9:35 pm By Omar Faridi  |  

NayaOne has announced a $4.7 million funding round led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board. This investment is a testament to NayaOne’s growth and potential “to transform financial services with its… Read More

February 29, 2024 @ 9:33 pm By Omar Faridi  |  

Yapily, a provider of open banking solutions, is announcing its partnership with Uncapped, a Fintech providing working capital funding to scaling brands, retailers, and merchants across the UK, EU, and US. This collaboration significantly bolsters progress in “the financial lending sector and democratises access to… Read More

February 29, 2024 @ 9:31 pm By Omar Faridi  |  

Orum is live with FedACH and will be adding FedNow and FedWire services. The direct connection to the Federal Reserve’s payment rails “as a service provider is part of Orum’s new money movement API, Deliver.” The Deliver API orchestrates and optimizes money movement “through Federal Reserve… Read More

February 29, 2024 @ 9:28 pm By Omar Faridi  |  

Eazy Financial Services (EazyPay), a Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa (NYSE: V), a global leader in digital payments, in order “to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer… Read More

February 29, 2024 @ 4:21 pm By Omar Faridi  |  

HashKey Technology Services Pte. Ltd., the over-the-counter trading arm of HashKey Group, has received in-principle approval from the Monetary Authority of Singapore for its Major Payment Institution licence application to provide digital payment token services. The in-principle approval from the MAS, which is described as… Read More

February 29, 2024 @ 3:09 pm By JD Alois  |  

Senator Tim Scott, the ranking member on the Senate Banking Committee, wants to make the capital markets more inclusive. In a recent op-ed, Senator Scott said his new Empowering Main Street in America Act framework would “enhance financial education programs to increase market understanding and participation,… Read More