April 1, 2024 @ 9:08 am By Omar Faridi  |  

According to a ruling by a judge this past Friday (March 29, 2024), the US Federal Reserve will not be required to provide Wyoming-based digital asset bank Custodia access to a master account. Federal Reserve Banks are able to determine if they should issue master… Read More

April 1, 2024 @ 8:58 am By Tony Zerucha  |  

Intuit QuickBooks launched the QuickBooks Line of Credit this week. It gives small businesses a new way to access funding from $1,000 to $50,000 through loans issued by WebBank. QuickBooks said the new product is uniquely designed to provide business owners with the ability to… Read More

April 1, 2024 @ 8:55 am By Omar Faridi  |  

Form3, the cloud-native account-to-account platform, launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the firm focused on anti-fraud and financial crime software. The new product is the first solution, “built using fully supervised machine learning, to leverage collaborative… Read More

April 1, 2024 @ 8:50 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s leading, independent, adviser platform and product groups, has appointed Julia Peake as Technical Manager, further strengthening its Technical Services team. Julia joins from Canada Life where she “was a technical specialist for three years,… Read More

April 1, 2024 @ 8:48 am By Omar Faridi  |  

The United Kingdom is currently the sixth largest economy globally and the UK tech startup ecosystem ranks third in terms of funding raised in the first quarter of 2024, after the US and China, according to a new report. Tracxn, a global SaaS-based market intelligence… Read More

April 1, 2024 @ 8:46 am By Omar Faridi  |  

The Bank of England and FCA are leading a joint transformation program with industry to transform data collection from the UK financial sector. They published a future strategy for “achieving this, encompassing the regulator’s response to industry’s recommendations.” The Bank of England and the Financial… Read More

April 1, 2024 @ 4:38 am By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure digital negotiable instrument technology to transform international supply chains. Vayana TradeXchange is a global marketplace “facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license… Read More

March 31, 2024 @ 2:18 pm By Michael Wong  |  

The Reserve Bank of India is contemplating the establishment of the Digital India Trust Agency (DIGITA) in a move to combat the escalating cyber fraud. This initiative aims to clamp down on the proliferation of illicit lending applications by instituting a verification system for digital… Read More

March 31, 2024 @ 1:08 pm By Michael Wong  |  

Credit card major Visa Inc. is poised to enhance its fraud-prevention capabilities by incorporating three new artificial intelligence (AI)-powered tools into its product suite for business clients, according to a Bloomberg report. This move underscores the company’s commitment to leveraging advanced technology to bolster security… Read More

March 31, 2024 @ 12:21 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued a Notice to extend, for a further six months until 30 September 2024, the suspension of the use of channels that are not specifically permitted (non-specified channels by remittance companies “when transmitting money to persons in the… Read More

March 31, 2024 @ 11:15 am By Omar Faridi  |  

Adena Hefets, the co-founder & CEO of Divvy Homes, a Proptech company on a mission to make homeownership accessible to everyone, notes that the firm is introducing DivvyUp, which will help clients prepare for homeownership with confidence. Since Divvy’s founding in 2017, they’ve been committed… Read More

March 31, 2024 @ 10:12 am By Omar Faridi  |  

The Global State of Crypto report from Bakkt (NYSE: BKKT) provides a comprehensive analysis of markets and regulation. As stated in the Bakkt report, the spectacular collapse of FTX in November 2022 kicked-off a “tumultuous news cycle” for crypto. According to Bakkt’s report, the momentum… Read More

March 31, 2024 @ 10:09 am By Omar Faridi  |  

eToro, a trading and investing platform, announced recently that it has added 12 new altcoins to its platform. Omri Ross, Chief Blockchain Scientist at eToro, said: “We are excited to enable our customers to access these new assets, covering a large range of new ideas… Read More

March 31, 2024 @ 6:22 am By Omar Faridi  |  

Ten emerging technology companies have been selected to participate in the 2024 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through… Read More

March 31, 2024 @ 2:34 am By Michael Wong  |  

Qatar has launched its “first national e-card with registered Qatari brand,” named Himyan, as announced by the Qatar Central Bank. This initiative aligns with the country’s Third Financial Sector Strategy, emphasizing the development of Qatar’s digital payments infrastructure. Himyan represents a significant advancement in the… Read More

March 30, 2024 @ 10:32 pm By Michael Wong  |  

QNB Group, the leading financial institution in the Middle East and Africa, has announced the launch of “FAWRAN,” a revolutionary payment method designed to enhance the payment experience for its customers in Qatar. This innovative service allows for quick and secure transactions using just the… Read More

March 30, 2024 @ 8:39 pm By Omar Faridi  |  

Caroline Pham from the Commodity Futures Trading Commission (CFTC) has been critical of the actions of her own regulatory agency, noting that the CFTC could be interfering on its partner agency in the recent charges it made against digital currency exchange KuCoin this past week…. Read More

March 30, 2024 @ 7:17 pm By Omar Faridi  |  

Q4 macroeconomic data points in France’s markets are marginally better than in Q3, according to an update from Pitchbook. Q4 GDP growth was reported as flat by Pitchbook, while inflation has been “coming down from the elevated levels seen earlier in the year.” Meanwhile, the… Read More

March 30, 2024 @ 6:37 pm By Omar Faridi  |  

Global fintech SumUp has implemented Confirmation of Payee (CoP) in the UK, as the company takes additional steps to protect merchants and users from bad actors and fraud. CoP is a name-checking service, launched by Pay.UK in 2020, which “validates recipients’ account details before transfers… Read More

March 30, 2024 @ 5:36 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is partnering with Adobe Commerce to deliver flexible online and offline payments solutions to global enterprise merchants operating on Adobe Commerce. The payments partnership enables Adobe Commerce customers “to simplify and scale their… Read More