February 16, 2024 @ 9:17 am By Omar Faridi  |  

Blueprint Finance emerges from stealth with $7.5M in funding. Blueprint’s flagship product is the Concrete Protocol, an appchain purpose built for on-chain debt and credit. Concrete powers higher yields, liquidation protection, and advanced predictions across all of DeFi, starting with money markets. The financing was… Read More

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

February 15, 2024 @ 10:16 pm By Omar Faridi  |  

Admiral, a financial services company in the UK and part of the Admiral Group, has selected Google Cloud as a strategic cloud partner. Under the terms of the agreement, Admiral’s core insurance operations, “including insurance policy administration and digital systems, will now be powered by… Read More

February 15, 2024 @ 10:14 pm By Omar Faridi  |  

Attune Solutions announced its launch of Attune WealthData, powered by BridgeFT – Financial Services Integration on Salesforce AppExchange, an enterprise marketplace for partner apps and experts, empowering customers with a pre-built accelerator that automatically connects multi-custodial data aggregation as part of Salesforce’s Financial Services Cloud… Read More

February 15, 2024 @ 10:12 pm By Omar Faridi  |  

Bold, a financial technology company enabling access to electronic payments in Colombia, today announced that it has raised $50 million in Series C funding led “by existing investor General Atlantic, a global growth investor, with participation from the International Finance Corporation (IFC), a member of… Read More

February 15, 2024 @ 10:09 pm By Omar Faridi  |  

Grasshopper, the client-first digital bank built for the business and innovation economy, and Greenlite, the generative AI platform for compliance teams, today announced their partnership to leverage Greenlite’s AI-enhanced due diligence suite to bolster Grasshopper’s risk decisioning proficiency for small and medium-sized business (SMB) and… Read More

February 15, 2024 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a final judgment against She Beverage and its principles, including Lupe L. Rose, Sonja F. Shelby, and Katherine E. Dirden. The charges pertain to a suit filed by the SEC in 2021. Approximately 2000 investors were impacted… Read More

February 15, 2024 @ 3:11 pm By Omar Faridi  |  

Bitso—the crypto-powered financial services company in Latin America—announced that it has integrated a third Layer 2 solution that will facilitate fast and efficient transactions with Ethereum thanks to the incorporation of the Optimism network. Optimism is a Layer 2 or “Layer 2” blockchain that works… Read More

February 15, 2024 @ 12:43 pm By JD Alois  |  

Data pertaining to online capital formation, or crowdfunding, can be hard to come by. Several providers provide good numbers when it comes to Regulation Crowdfunding (Reg CF), but when it comes to Reg A+ and Reg D 506c – it is a bit of a… Read More

February 15, 2024 @ 12:07 pm By JD Alois  |  

Hindenburg Research, a short seller that pumps its own book after it sells shares, is targeting Banking as a Service (BaaS) provider Temenos (SWX:TEMN). In a report published today, Hindenburg claims that Temenos is manipulating its earnings, hiding accounting irregularities while engaging in “sham partnerships”… Read More

February 15, 2024 @ 11:13 am By JD Alois  |  

EuroCrowd is looking for four equity crowdfunding platforms to better understand their needs in regard to Intellectual Property (IP). According to a blog post, EuroCrowd, working with the European Union Intellectual Property Office (EUIPO) is seeking empirical information on platforms and IP. This follows an… Read More

February 15, 2024 @ 10:58 am By Omar Faridi  |  

ClearBank Ltd., the enabler of real-time clearing and embedded banking for financial institutions, announces its partnership with digital investment platform Wealthify, which has enabled the company to launch its first Instant Access Savings Account. The partnership allows Wealthify to “provide this innovative savings account to… Read More

February 15, 2024 @ 10:56 am By Omar Faridi  |  

Investment platform Lightyear announces the full launch of its web application with new stock screeners, a requested feature by investors on the platform. The screeners – a directory of instruments with metrics and data – is “completely available to the public.” Lightyear customers can now… Read More

February 15, 2024 @ 10:54 am By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

February 15, 2024 @ 10:45 am By JD Alois  |  

Money laundering facilitated by crypto and the platforms that enable digital asset transactions exp[experienced a notable decline in 203 when compared to the year prior. According to a report by Chainalysis, in 2023, $22.2 billion was laundered in contrast to $31.5 billion laundered in 2022…. Read More

February 15, 2024 @ 9:19 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), an online investment platform that aims to enable a more tech-advanced group of investors, is touting its ability to trade single securities around the clock. Robinhood states that it is the only US brokerage to facilitate trading 24/5 (not quite every day… Read More

February 15, 2024 @ 8:28 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s largest adviser platform groups with over £80bn of assets under administration from 250,000 customers, announces the acquisition of Third Financial. Third Financial is an investment platform and front-to-back wealth management software provider, “serving discretionary… Read More

February 15, 2024 @ 8:19 am By Omar Faridi  |  

IDnow, an identity verification platform provider in Europe, joins a consortium of five partners, including the IOTA Foundation and Walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the… Read More

February 15, 2024 @ 8:15 am By JD Alois  |  

Mondelēz International (Nasdaq: MDLZ) is the next corporate to join the Hedera Council. The company makes well-known brands like Toblerone, Oreo, Ritz, and more, generating more than $31 billion in revenue annually. The company has a market cap of almost $100 billion. Hedera is the… Read More

February 14, 2024 @ 11:38 pm By Omar Faridi  |  

Banxa Holdings Inc. is pleased to announce it is the first firm in 2024 to register as a cryptoasset business with United Kingdom’s Financial Conduct Authority (FCA). Management believes this is a critical milestone towards “fulfilling Banxa‘s mission to extend the benefits of crypto to… Read More