April 10, 2024 @ 9:44 pm By Omar Faridi  |  

Inside Addepar, a quarterly update of Addepar platform developments, research insights and client, partner and company announcements has been released. Addepar says that it just “completed a strong first quarter, building on their momentum from 2023 and setting the stage for an even stronger 2024.”… Read More

April 10, 2024 @ 9:41 pm By Omar Faridi  |  

TransferGo, which aims to provide hard-working migrants with simpler, better financial services — making their money go further, is reporting that it has acquired $10 million in growth funding. TransferGo confirmed recently that they’ve secured $10 million in growth funding from Taiwan-based investor Taiwania Capital. This… Read More

April 10, 2024 @ 9:39 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announced that it has completed its acquisition of Onfido, a global leader in identity verification. With this completed acquisition, Entrust now “provides the industry’s most comprehensive portfolio of AI-powered, identity-centric security solutions.” Terms of… Read More

April 10, 2024 @ 5:09 pm By Omar Faridi  |  

The TradeX app, which aims to enhance predictions markets, is reporting its latest updates. TradeX, which previously secured funding from Y Combinator and other investors, has so  far reportedly raised $4.5 million. The platform’s creators have launched a B2B vertical, expanding its offerings and partnerships…. Read More

April 10, 2024 @ 3:42 pm By Omar Faridi  |  

Blockchain Coinvestors Acquisition Corp. I (Nasdaq: BCSA), a special purpose acquisition company, and Linqto, Inc., a Delaware corporation, today announced they have entered into a definitive business combination agreement, pursuant to which Linqto will become a wholly-owned subsidiary of BCSA. From and after the closing… Read More

April 10, 2024 @ 1:54 pm By Omar Faridi  |  

Nubank Ultravioleta, the seamless experience provider for high-income Nubank (NYSE: NU) customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, which is Wise’s (LSE:WISE) global infrastructure solution for banks and large companies. Starting now,… Read More

April 10, 2024 @ 12:07 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Office of the Advocate for Small Business Capital Formation has scheduled the 43rd Annual Government-Business Forum on Small Business Capital Formation. This gathering will occur with three virtual sessions April 16-18 from 1-2:30 p.m. ET. Several years ago, these… Read More

April 10, 2024 @ 11:52 am By Omar Faridi  |  

Meijers Assurantiën, a Dutch insurance broker and Worldwide Broker Network member, has reportedly become CyberCube’s first client in the Netherlands marking the leading cyber risk modeler’s continued international expansion. Meijers is a family business that “has grown in half a century to become one of… Read More

April 10, 2024 @ 11:30 am By Rushd Averroes  |  

The world of finance is at a crossroads. With its legacy systems and ingrained practices, the traditional financial system (TradFi) struggles to keep pace with the rapid innovations of decentralised finance. At the same time, decentralised finance (DeFi), while promising increased accessibility and transparency, often… Read More

April 10, 2024 @ 11:14 am By JD Alois  |  

GrtWines is a new online investment platform that focuses solely on collectible wines. At the beginning of the year, GrtWines revealed its inaugural collection, “100 Magnums,” featuring Bordeaux wines. According to GrtWines, this first collection sold out in four days, thus displaying high demand for… Read More

April 10, 2024 @ 10:47 am By Omar Faridi  |  

Monad Labs says that it is accelerating the Ethereum Virtual Machine or EVM so that decentralized apps can “eat the world.” The EVM is the standard of web3; over 96% of all capital in DeFi is in EVM apps. In spite of this, EVM-compatible blockchains… Read More

April 10, 2024 @ 9:25 am By JD Alois  |  

While the number of users benefiting from Open Banking continues to increase worldwide, there is a divergence between the concept of Open Banking and Open Finance – at least according to Salt Edge. Salt Edge is an open banking platform that provides services interested in… Read More

April 10, 2024 @ 9:07 am By Omar Faridi  |  

Uphold, the global web3 financial platform, announces bitcoin as the next asset that can be deposited into Vault – an assisted self-custody wallet that strips away the complexities in securing digital assets. Originally, Vault supported XRP, but this addition “transitions Vault into the early stages… Read More

April 10, 2024 @ 8:44 am By JD Alois  |  

Yesterday, Deputy Secretary of the Treasury Wally Adeyemo testified before the Senate Banking Committee. In prepared testimony, Adeyemo called out digital assets—or crypto—and stated that bad actors are using these assets for nefarious activities. Adeymo said: “As we take steps to cut terrorist groups and… Read More

April 10, 2024 @ 8:25 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners “can now purchase extensive coverage for their home and belongings, featuring the same seamless… Read More

April 10, 2024 @ 8:22 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired Axis Corporate, a Spanish management and technology business consulting firm specialized in financial services. Axis Corporate enhances Accenture’s strategy and technology offerings “that enable companies in Spain to reinvent their business models, more effectively manage costs and develop new products… Read More

April 10, 2024 @ 8:20 am By Omar Faridi  |  

Lloyds Bank is launching Ready-Made Pension in order to make saving for retirement easier. Just two fifths (42%) of the UK population know “how to contribute more into their pension,” according to new research from Lloyds Bank. The same study also found “that of those… Read More

April 10, 2024 @ 8:18 am By Omar Faridi  |  

Santander (NYSE: SAN) is announcing the launch of a new national, digital offering in the United States under the Openbank brand in the second half of 2024. Openbank will also be launched in Mexico in the same timeframe. Openbank operates with “a technological platform designed… Read More

April 10, 2024 @ 8:15 am By Omar Faridi  |  

N26, Europe’s digital bank, announced the launch of Joint Accounts in 21 new markets. Joint Accounts allow N26 customers to “manage both their personal finances as well as finances shared with a partner – all in the N26 app, and at no extra cost.” This… Read More

April 10, 2024 @ 6:45 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies and banks, this week added the Center for Accelerating Financial Equity (CAFE) as their latest strategic partner. Located at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus, CAFE is… Read More