March 28, 2024 @ 11:08 am By JD Alois  |  

Yesterday, CI reported on a new circular issued by the US Consumer Financial Protection Bureau (CFPB) warning international transfer firms to stop adding “junk fees” to the transfers and demanding greater transparency in the process. Misinformation in the industry is frequent, and some providers abuse… Read More

March 28, 2024 @ 10:40 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) CEO Vlad Tenev has unveiled a new product and feature for the Fintech firm’s clients during a session in New York City. Robinhood notes that its New Gold Standard is yet another step forward in their company’s mission to “democratize finance for all… Read More

March 28, 2024 @ 10:32 am By JD Alois  |  

OpenYield Trading LLC is now enabling retail investors to trade bonds just like stocks. OpenYield is a FINRA-registered broker-dealer and SEC-registered alternative trading system (ATS). According to a statement issued by the company, market makers Flow Traders and TD Securities Automated Trading are servicing the platform…. Read More

March 28, 2024 @ 10:02 am By JD Alois  |  

Australian Payments Plus (AP+) has issued a statement on the passage of the Digital ID Bill in the Senate. The bill passed the Senate without debate. The legislation aims to establish an accreditation path for entities providing digital ID services while expanding the Australian Government… Read More

March 28, 2024 @ 9:04 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), one of the world’s largest publicly traded Bitcoin miners and a key player focused on supporting and securing the Bitcoin ecosystem, announced MARA 2PIC700, a two-phase immersion cooling system built to transform data center operations with power, density, and efficiency…. Read More

March 28, 2024 @ 9:00 am By Omar Faridi  |  

Bitbond is working with NYALA for issuers of crypto securities (digital securities) under the German Electronic Securities Act. Combining Bitbond’s “bank-grade” tokenization infrastructure with NYALA’s BaFin-regulated Crypto Securities Registry services, their clients would aim to “benefit from a scalable issuance platform for bonds, certificates, and… Read More

March 28, 2024 @ 8:56 am By Omar Faridi  |  

The Diamond Standard Fund, supported by Diamond Standard and Horizon Kinetics, has been tokenized by Oasis Pro and listed on Oasis Pro Market’s SEC-registered ATS, via the Avalanche C-Chain. The Fund provides investors access “to an approximately $1.2T natural resource through an asset-backed coin licensed… Read More

March 28, 2024 @ 8:53 am By Omar Faridi  |  

Clearbank is now a member of the Digital Pound Foundation’s (DPF) community. ClearBank joins the Foundation as “an Associate Member and will take part in the Identity and Privacy and Policy, Legal and Regulatory Working Groups.” As a member, ClearBank will have “the opportunity to… Read More

March 27, 2024 @ 10:38 pm By Omar Faridi  |  

DeFi Technologies Inc., a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), is pleased to announce that its subsidiary, Valour Inc., an issuer of exchange traded products (ETPs) that provide simplified access to digital… Read More

March 27, 2024 @ 10:35 pm By Omar Faridi  |  

A new £75m equity investment fund for Northern Ireland has been officially launched by fund manager Whiterock to address the need for growth funding in the local market. The Growth Capital Fund expects to “make investments of between £1m and £5m for minority shareholdings in… Read More

March 27, 2024 @ 5:09 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is now targeting international money transfers and “junk fees” that may be saddled upon users. The CFPB issued a warning to firms that provide these services regarding allegations of false claims and misinformation about the cost of transfers and… Read More

March 27, 2024 @ 4:31 pm By Omar Faridi  |  

Pacaso, the tech-enabled co-ownership marketplace for buying, owning, and selling luxury vacation homes, opens up thousands of new listings nationwide resulting in “a 200-fold increase in homes, with co-ownership opportunities now starting as low as $200,000.” Simultaneously, the company introduces its first suite of a… Read More

March 27, 2024 @ 4:08 pm By JD Alois  |  

At the beginning of 2022, only 11% of all Euro credit transfers in the EU were instant, and the European Commission wants to fix this and make them all instant.  The Single Euro Payments Regulation (SEPA) aims to enable both institutions and consumers to benefit… Read More

March 27, 2024 @ 3:42 pm By Omar Faridi  |  

TreviPay, the B2B payments and invoicing network, announces a new self-financing option along with enhanced payment application features to give sellers more control over their trade credit portfolio while leveraging TreviPay’s configurable technology platform. The option to use self-financing (an enterprise uses their capital to… Read More

March 27, 2024 @ 3:38 pm By Omar Faridi  |  

As speculation about rate cuts intensifies, investors are preparing their portfolios, according to an update from eToro. According to data from the Retail Investor Beat from trading and investment platform eToro, 55% of US retail investors are “adjusting their investment portfolio in anticipation of the… Read More

March 27, 2024 @ 1:12 pm By Omar Faridi  |  

Alto, a platform that enables individuals to invest in alternative assets, has listed a new alternative offering in real estate with Big Plan Holdings, a Nashville-based diversified family wealth office. Alto Securities has listed “the Edgehill 405 Broadway Alto Capital SPV on Alto Marketplace.” This… Read More

March 27, 2024 @ 12:12 pm By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer has found that business confidence remains high, with March’s figures unchanged month-on-month at 42%. In a promising sign of a return to economic growth, this month’s survey data reflects the continued confidence firms “have demonstrated so far in 2024 and… Read More

March 27, 2024 @ 11:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning to “Finfluencers” individuals who use social media to promote financial services. While influencers may be a popular source of information, few of these individuals actually have any notable experience within the financial services industry. Yet… Read More

March 27, 2024 @ 11:36 am By JD Alois  |  

Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend. The agreement is said to enable Currencycloud to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024. Paysend is… Read More

March 27, 2024 @ 11:20 am By JD Alois  |  

Artscapy, an art investment platform that reports £150 million in managed art, is nearing its initial funding target on Seedrs. According to the offering page, Artscapy has a funding target of £650,009 at a pre-money valuation of £12.9 million. The company is offering a 4.78%… Read More