April 23, 2024 @ 8:23 am By Omar Faridi  |  

After a challenging period for the cryptocurrency / digital assets market last year, investor optimism and confidence in digital assets has returned – albeit with some reservations. This is shown by the results of a joint survey conducted by KPMG in Germany and BTC-ECHO, the… Read More

April 23, 2024 @ 8:21 am By Omar Faridi  |  

Ripple Labs has reportedly issued its latest response to the US Securities and Exchange Commission’s (SEC) efforts to have the company pay around $2 billion in penalties. This, according to court papers submitted on Monday (April 22, 2024). This latest update comes after the SEC… Read More

April 23, 2024 @ 8:00 am By Tony Zerucha  |  

AU10TIX, a global provider of identity verification and management, today announced that it has protected companies against more than $18 billion in business fraud since the 2021 launch of its Serial Fraud Monitor (formerly INSTINCT). The tool draws insights from millions of transactions processed across… Read More

April 22, 2024 @ 11:07 pm By Michael Wong  |  

Softloans, a Fintech startup headquartered in Vilnius, Lithuania, has successfully secured €1 million in pre-seed funding to bolster its growth and development initiatives. The investment round was spearheaded by venture capital firm Firstpick, alongside contributions from several business angels, signaling strong investor confidence in the… Read More

April 22, 2024 @ 11:04 pm By Omar Faridi  |  

Bybit, a global crypto exchange, has released a new report showing that the current supply dynamics of Bitcoin leave only nine months of supply left on exchanges. This market trend is being attributed to the Bitcoin halving, which reduces supply by 50%. Post-halving, the Bitcoin… Read More

April 22, 2024 @ 10:03 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched its next generation Document Verification (DocV) solution, purpose-built “to tackle the rash of stolen identities, spoofing, and highly sophisticated deepfake attacks that are accelerating in their complexity across nearly… Read More

April 22, 2024 @ 9:15 pm By Michael Wong  |  

Ant International, a Fintech and digital payment company headquartered in Singapore, has unveiled plans to establish a new Digital Business Centre in Malaysia, aimed at tapping into the region’s burgeoning tech talent to bolster its global operations. Scheduled to open in 2025, the center will… Read More

April 22, 2024 @ 9:00 pm By Omar Faridi  |  

According to a recent survey, the memes are true: while only a quarter (26%) of Gen Z respondents say they can successfully define taxable income, “more than half (52%) of Gen Zs know the mitochondria as the powerhouse of the cell.” On top of that,… Read More

April 22, 2024 @ 8:59 pm By Omar Faridi  |  

Grasshopper, the digital bank built for the business and innovation economy, announced the launch of a digital application for borrowers to apply directly for Small Business Administration (SBA) loans. Small business owners can now get pre-qualified for “an SBA 7(a) loan in less than 10… Read More

April 22, 2024 @ 8:17 pm By Michael Wong  |  

Aeon Bank (M) Bhd, a recipient of one of Malaysia’s five digital banking licenses, announced plans to commence operations and launch its banking application by the end of Q2 2024, news agency Bernama has reported. Raja Teh Maimunah Raja Abdul Aziz, CEO of Aeon Bank,… Read More

April 22, 2024 @ 4:54 pm By JD Alois  |  

TabaPay will acquire the assets of Synapse Financial Technologies following the decision of the firm to file for Chapter 11 bankruptcy. The courts must first approve the agreement. The specific terms were not revealed. TabaPay is a payments and transfers Fintech that reportedly provides services… Read More

April 22, 2024 @ 3:14 pm By Tony Zerucha  |  

Open Lending, a provider of automotive lending enablement and risk analytics solutions for financial institutions, released a new Near- and Non-Prime Consumer Update this week, continuing its quarterly report series on automotive lending trends among near- and non-prime consumers. The latest update uncovers disproportionate economic… Read More

April 22, 2024 @ 2:27 pm By Omar Faridi  |  

The (re)insurance industry should brace itself for potential attacks on the public sector targeting government and election infrastructure, warns CyberCube, the market enabler of cyber risk analytics for the insurance industry. In a new research report, CyberCube warns government agencies and officials “must increase their… Read More

April 22, 2024 @ 12:22 pm By Omar Faridi  |  

Cross River Bank, a provider of technology infrastructure and embedded financial solutions, is proud to present its Annual Social Responsibility Impact Report, showcasing its community impact, giving and philanthropic activities and collective commitment to fostering the greater good. Through strategic partnerships, community collaborations and dedicated… Read More

April 22, 2024 @ 11:00 am By JD Alois  |  

The former PM of Italy, Enrico Letta, has released a report on how to improve the EU single market. The 147-page document, called “Much More Than a Market,” is a “call to action” to improve upon the single market and monetary union. Letta states that… Read More

April 22, 2024 @ 10:02 am By Omar Faridi  |  

Workplace savings programs should be simple and streamlined, both for employers to manage and for employees to monitor and contribute to their financial growth, according to an update shared by Rippling. That’s why Rippling says it is pleased to announce a new integration with Wealthsimple… Read More

April 22, 2024 @ 8:54 am By Omar Faridi  |  

On April 17, 2024, London’s Metropolitan Police had announced the disruption of LabHost, which is described in an update by Chainalysis as a “notorious” phishing-as-a-service (PhaaS) provider that enabled cybercriminals to “breach the bank accounts of victims around the world, following an operation conducted in… Read More

April 22, 2024 @ 8:47 am By Tony Zerucha  |  

Alkami, a cloud-based digital banking solutions provider for financial institutions in the U.S., announced this week that it has formed a partnership with SWIVEL. Through Alkami’s single sign-on integration with SWIVEL’s Transaction Enablement Platform, Alkami’s bank and credit union clients can access their new partner’s… Read More

April 22, 2024 @ 8:45 am By Omar Faridi  |  

Yael Selfin, Chief Economist at KPMG UK, says that inflation could soon “return to target, but risks remain.” Yael Selfin points out that the overall outlook for inflation “remains broadly positive, however there are several risks which could cause a setback.” Yael Selfin adds that Oil prices have… Read More

April 22, 2024 @ 8:44 am By Omar Faridi  |  

MUFG Bank, Ltd., which claims to be one of the largest banks in Japan, and Crédit Agricole Corporate & Investment Bank, one of the investment banking groups in Europe, reportedly completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS… Read More