February 9, 2024 @ 4:23 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an association representing Fintech companies, has requested that the Consumer Protection Financial Bureau (CFPB) immediately convene relevant stakeholders for a comprehensive conversation on EWA products and consideration of formal rulemaking. “Director Chopra and the CFPB have been thoughtful partners and… Read More

February 9, 2024 @ 3:13 pm By Omar Faridi  |  

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, is pleased to announce its investment partnership with Bitmap Tech, the team behind Merlin Chain, a native Bitcoin Layer 2. Bitmap Tech currently boasts an overall market cap “that exceeds US$500… Read More

February 9, 2024 @ 2:40 pm By JD Alois  |  

October, once a top online lending platform and leading Fintech based in France, has sold its main asset, “October Connect,” to software firm Sopra. The terms of the asset sale were not immediately available. According to Les Echos, “it looks like the end” for the… Read More

February 9, 2024 @ 1:45 pm By Omar Faridi  |  

UBS AG (NYSE:UBS) announced the launch of Hong Kong’s investment-grade tokenized warrant on the Ethereum public blockchain network. This innovative product utilizes the on-chain issuance product framework “offered by UBS Tokenize, the bank’s in-house tokenization service.” The product is a call warrant with Xiaomi Corporation… Read More

February 9, 2024 @ 1:29 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces that its software-as-a-service (SaaS) CLM solution is now available on AWS Marketplace. Available directly through AWS Marketplace, Fenergo’s CLM can be “implemented, enabling financial institutions (FIs)… Read More

February 9, 2024 @ 11:20 am By JD Alois  |  

NatWest says it is the first UK bank to join the UK Open Banking DPS or Dynamic Purchasing System. As explained by the UK government: “… frameworks – otherwise known as agreements – help public and third sector buyers to procure goods and services from… Read More

February 9, 2024 @ 10:27 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has assessed a combined penalty of $81 million to sixteen financial services firms for transgressions involving electronic communications. Each penalized firm has agreed to the penalties. The SEC Division of Enforcement said there have been “pervasive and longstanding uses… Read More

February 9, 2024 @ 10:23 am By Tony Zerucha  |  

Blue Ocean Technologies, a capital markets provider of global trading and data, and DriveWealth, a fintech delivering financial services through its “Brokerage-as-a-Service” platform, today announced a partnership to expand real-time access and connectivity for global brokers. As part of the agreement, DriveWealth will provide its… Read More

February 9, 2024 @ 8:56 am By Omar Faridi  |  

NTT DATA, a global digital business and IT services leader, announced a new global banking research report entitled “The Digital Horizon: Banking’s Shift from Mainframe to AI-Driven Cloud Infrastructure.” The research has unveiled findings from “a survey of 650 global banking decision-makers, marking a definitive… Read More

February 9, 2024 @ 8:47 am By Omar Faridi  |  

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

February 9, 2024 @ 8:30 am By Omar Faridi  |  

Global financial technology firm FIS (NYSE: FIS) has announced another milestone in its drive to make secure open banking more accessible to its clients and their customers. Agreements are in place with data networks “including Akoya, Envestnet | Yodlee, MX and Plaid to integrate into… Read More

February 9, 2024 @ 8:28 am By Omar Faridi  |  

Sabre Corporation (NASDAQ: SABR), a software and technology provider that powers the global travel industry, and Revolut, a global fintech company that offers banking services, announce the results of their partnership, which is “propelling the B2B payments process for travel agencies.” The two tech companies… Read More

February 8, 2024 @ 10:11 pm By JD Alois  |  

The Digital Assets, Financial Technology and Inclusion Subcommittee, part of the House Financial Services Committee, has scheduled a hearing entitled, “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” The hearing is scheduled for Thursday, February 15, 2024, at 2 PM ET…. Read More

February 8, 2024 @ 9:56 pm By Omar Faridi  |  

Copper, an institutional digital asset infrastructure provider, has joined forces with Hashnote, the on-chain first digital asset manager, built with the support of Cumberland and DRW, and will be providing custody support for Hashnote’s USYC on the Copper platform. USYC, a Hashnote Short Duration Yield… Read More

February 8, 2024 @ 3:04 pm By Omar Faridi  |  

Pagaya Technologies LTD. (NASDAQ: PGY), a company offering AI-driven solutions for financial services, announced the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital, UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank. The facility, which… Read More

February 8, 2024 @ 3:01 pm By JD Alois  |  

Earlier this week, the Secretary of the Treasury, Janet Yellen, testified in front of the House Financial Services Committee. The hearing was scheduled to review the Financial Stability Oversight Council (FSOC). This is a group of federal financial regulators, and others, gathered to address risks… Read More

February 8, 2024 @ 2:57 pm By Omar Faridi  |  

Setpoint, a financial services provider, is pleased to establish a banking relationship with Wells Fargo which enables the cloud-based software company “to expand its payment disbursement capabilities.” Setpoint will assume the crucial roles of Paying Agent and Calculation Agent “for various clients, such as auto… Read More

February 8, 2024 @ 2:43 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), an enabler of cloud banking for the global financial services industry, announced that Mechanics and Farmers Bank (M&F) is live on the nCino Cloud Banking Platform. The technology upgrade is helping M&F process loans more quickly and “creating increased convenience and… Read More

February 8, 2024 @ 11:44 am By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, announces that it is launching its enhanced omnichannel payments solution for merchants and platforms. Nuvei’s unified commerce offering, which is now available to customers “operating outside of North America for the first time, is enabling businesses to… Read More

February 8, 2024 @ 11:09 am By JD Alois  |  

EstateGuru, an online investment platform based in Estonia, has provided some insight into operations in 2023 According to the online lender, investors contributed €101.9 million to the marketplace. This can be segregated by €92.7 million from retail investors and  €9.2 million from institutional investors. The… Read More