April 22, 2024 @ 8:25 am By Omar Faridi  |  

Manchester Digital has launched its new Manifesto for the Northern Tech Economy, in advance of the Greater Manchester Mayoral elections on 2nd May. They are calling on the new Mayor of Greater Manchester “to seize the opportunity to turbocharge the northern tech economy with the… Read More

April 22, 2024 @ 8:24 am By Omar Faridi  |  

Chris Pacey is said to have more than 20 years’ experience with deep technical knowledge of receivables and ABL products. Prior to joining ThinCats, Chris was working as Head of Relationship Management at ABN AMRO Commercial Finance. Chris will work alongside the ThinCats business development… Read More

April 22, 2024 @ 8:23 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, and Milkywire, an environmental impact platform, have launched a new fund to open to tech and finance companies which want to invest directly in impactful projects to contribute to global biodiversity targets but don’t know where… Read More

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

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes… Read More

April 22, 2024 @ 8:20 am By Omar Faridi  |  

UK’s Allica Bank is pleased to share that their firm achieved their first full year of profitability in 2023. Just three years since Allica Bank opened their doors to lending, it makes them one of the fastest fintechs in the UK to do so, the… Read More

April 22, 2024 @ 8:16 am By Omar Faridi  |  

Digital payments are becoming the cornerstone of the cross-border, international digital money transfer and remittances market “with numerous disruptor MTOs (Money Transfer Operators) making strong progress,” the Juniper Research team noted. Juniper Research has explained that cross-border transfer has evolved from being “solely a sphere… Read More

April 22, 2024 @ 8:13 am By Omar Faridi  |  

Estateguru has shared its latest Loan Portfolio Overview for the month of March 2024. Estateguru says they have “originated €6.9M worth of loans in March, with the majority of funding coming from Estonia, and Latvia.” Estateguru reveals that it “saw €8.4M in loan repayments, with… Read More

April 22, 2024 @ 6:58 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies, BaaS banks and credit unions, announced this week that Continental Finance has become its newest member. Continental Finance works to provide a variety of services to customers who have been long forgotten by traditional financial… Read More

April 21, 2024 @ 3:33 pm By Omar Faridi  |  

Failed crypto exchange FTX‘s investors have reportedly settled with former FTX CEO Sam Bankman-Fried in order to pursue key promoters. As first reported by Bloomberg, the agreement could release the crypto exchange co-founder from claims. In return, SBF may provide assistance so the concerned parties… Read More

April 21, 2024 @ 3:24 pm By Omar Faridi  |  

There are over 2.52 million cryptocurrencies in 2024 to date, according to an update from CoinGeck0. This is 5.7 times more than the 0.44 million cryptocurrencies around “at the end of 2021.” The CoinGecko report further noted that the number of cryptocurrencies “first broke into… Read More

April 21, 2024 @ 12:46 pm By Omar Faridi  |  

Accenture Federal Services has entered into an agreement to acquire Cognosante, a mission-driven provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies. Founded in 2008 by Michele Kang, Cognosante has grown “to become a trusted provider of innovative… Read More

April 21, 2024 @ 12:38 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, announced that its quarterly international average daily volume (ADV) reached a record 7.4 million contracts in Q1 2024, up 2% year on year. Reflecting all trading reported from outside the United States, volume was driven “largely by 38% growth in… Read More

April 21, 2024 @ 12:07 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced that its affiliate, Galaxy Asset Management, (GAM), reported preliminary assets under management of $7.8 billion as of March 31, 2024. The 23.3% decrease in preliminary AUM “compared to the prior month was primarily driven by the liquidation of… Read More

April 21, 2024 @ 10:45 am By Omar Faridi  |  

Montran, a global enabler of capital markets infrastructure, announces the successful launch of the new Central Securities Depository (CSD) platform at the Banco de la República de Colombia. This deployment marks a significant milestone in “modernizing the Colombian financial market infrastructure.” José Escobar, General Manager… Read More

April 21, 2024 @ 10:29 am By Omar Faridi  |  

Andreessen Horowitz has reportedly raised $7.2B for the following venture strategies: American Dynamism ($600M), Apps ($1B), Games ($600M), Infrastructure ($1.25B), and Growth ($3.75B). This marks an important milestone for the firm. When Marc and Ben Horowitz started the firm in 2009, the conventional wisdom in… Read More

April 21, 2024 @ 10:17 am By Omar Faridi  |  

A sense of optimism has pervaded financial markets in recent months, amid investor confidence that the fight against inflation is entering its “last mile” and that central banks will ease monetary policy in the coming months, according to a comprehensive update shared by the International… Read More

April 21, 2024 @ 8:28 am By Omar Faridi  |  

Four years in the making, the fourth Bitcoin halving finally occurred—marking “a significant milestone for the protocol, and for crypto, more broadly,” according to an update shared by Grayscale. Friday evening US Eastern Time, at block number 840,000, the Bitcoin block reward “fell by half,… Read More

April 21, 2024 @ 8:26 am By Omar Faridi  |  

The United States Justice Department is reporting its first cryptocurrency open-market manipulation case. A federal jury in New York has now “convicted a man residing in Puerto Rico of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation on the Mango… Read More

April 21, 2024 @ 8:24 am By Tony Zerucha  |  

This week WorldFirst, a digital payment and financial services platform for global businesses, launched WorldTrade, a payment solution for global sourcing to bolster the security and speed of cross-border payment for international SMEs that procure goods from suppliers based in China. WorldTrade employs smart contract-fulfillment… Read More

April 21, 2024 @ 4:30 am By Omar Faridi  |  

ISDA has released a whitepaper from ISDA Future Leaders in Derivatives (IFLD), its professional development program for emerging professionals in the derivatives market. The whitepaper, GenAI in the Derivatives Market: a Future Perspective, was reportedly “developed by the third cohort of IFLD participants, who began… Read More