March 25, 2024 @ 2:16 pm By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a Federal Register notice seeking public comment on proposed revisions to the agency’s Statement of Policy (revised SOP) on Bank Merger Transactions. Chairman Martin J. Gruenberg said: “This proposed Statement of Policy would update,… Read More

March 25, 2024 @ 2:14 pm By Omar Faridi  |  

Snoop, the money-saving app, has recently launched a free credit score service in partnership with Equifax, making it the “first” to combine money management and credit score in one app. Having a good credit score plays a big part in accessing loans, borrowing at lower… Read More

March 25, 2024 @ 10:05 am By JD Alois  |  

Digital asset investment products saw record weekly outflows totaling $942 million in the past week, this is according to CoinShares (Nasdaq Stockholm: CS). The report states that the outflows follow a record of seven weeks of inflows totaling $12.3 billion, largely due to the emergence… Read More

March 25, 2024 @ 9:00 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that the largest cooperative financial group in North America, Desjardins Group, will implement nCino’s Automated Spreading Solution, powered by nCino IQ (nIQ), expanding their partnership with nCino “to further… Read More

March 25, 2024 @ 8:57 am By Omar Faridi  |  

Largely driven by bad actors using fabricated or stolen identities, the newly released TransUnion (NYSE: TRU) 2024 State of Omnichannel Fraud Report, based on proprietary insights from TransUnion’s global intelligence network, found that nearly one in seven newly created accounts is suspected to be Digital… Read More

March 25, 2024 @ 8:55 am By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, recently announced that Mark Ortiz has been appointed chief financial officer. Ortiz will report directly to dLocal’s CEO, Pedro Arnt, overseeing dLocal’s accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk,… Read More

March 25, 2024 @ 8:53 am By Omar Faridi  |  

Nubit, the Bitcoin-native data availability layer, is announcing their collaboration with Babylon, which emerges as the native Bitcoin staking and timestamping protocol, “poised to unlock 21 million Bitcoin to secure the decentralized economy.” This collaboration marks a milestone in their journey “to scale and secure… Read More

March 25, 2024 @ 8:51 am By Omar Faridi  |  

The number of UK sectors reporting output growth hit a 10-month high in February, with companies indicating rising demand and spreading business optimism, according to the latest Lloyds Bank UK Sector Tracker. In February, 10 of the 14 UK sectors monitored by the Tracker reported… Read More

March 25, 2024 @ 8:50 am By Omar Faridi  |  

XPLA, the blockchain mainnet and global Web3 gaming platform, and Matter Labs, a software development, engineering, and cryptography company developing software for zkSync, announced a collaboration designed “to advance the development and deployment of Web3 games through the newly created zkXPLA ecosystem.” The collaboration seeks… Read More

March 25, 2024 @ 8:48 am By Omar Faridi  |  

The Solana ecosystem has emerged as the most popular blockchain ecosystem so far this year, accounting for 49.3% of global crypto investor interest in chain-specific narratives, according to an update from CoinGecko. The CoinGecko report noted that the Solana ecosystem’s dominant mindshare “has been fueled… Read More

March 25, 2024 @ 8:46 am By Omar Faridi  |  

Digital bank N26 recently announced the appointment of Mayur Kamat as its new Chief Product Officer. Mayur is said to have “a proven track record leading product teams and building new solutions at some of the world’s biggest technology companies.” He reportedly brings with him… Read More

March 24, 2024 @ 9:17 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has today announced the launch of its flexible payment options on boots.com and in the Boots app in the UK and Ireland. This latest announcement follows the launch of Klarna in-store at Boots in 2022. Through… Read More

March 24, 2024 @ 9:00 pm By Shane Rodgers  |  

The collapse of Bahamas-based crypto exchange FTX sent shockwaves through the alternative investment world and arguably changed the cryptocurrency market forever. Following a mass exodus of investors that exposed an $8 billion gap in the company’s accounts, the market has been attempting to bounce back… Read More

March 24, 2024 @ 7:50 pm By Omar Faridi  |  

Coupa, the AI-driven platform that helps you operate smarter and grow faster, today announced the launch of its first data center in the Middle East, to be inaugurated in collaboration with the Amazon Web Services (AWS) team in Dubai. The new data center highlights Coupa’s… Read More

March 24, 2024 @ 5:53 pm By Omar Faridi  |  

Visa (NYSE: V) released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors “targeting the most vulnerable point in the payments’ ecosystem: humans.”… Read More

March 24, 2024 @ 5:48 pm By Omar Faridi  |  

Payments Canada is seeking input on proposed changes to how bill payment remittances are processed through the Automated Clearing Settlement System (ACSS). This includes the potential impact the changes “could have on billers, consumers who make bill payments and any financial institution or organization that… Read More

March 24, 2024 @ 5:46 pm By Omar Faridi  |  

Built, a software platform designed to connect and simplify doing business in real estate, is launching an expansion of its platform to meet the specific needs of real estate owners and developers to improve the movement of money and decision making. Built’s new product for… Read More

March 24, 2024 @ 5:45 pm By Omar Faridi  |  

Euroclear has announced an agreement with iCapital, an alternative investment marketplace for the wealth management industry. With this partnership, Euroclear’s clients “will gain enhanced access to a broader range of alternative investments, including private equity, private credit, real estate, infrastructure, and hedge funds.” The iCapital… Read More

March 24, 2024 @ 5:43 pm By Omar Faridi  |  

NX Technologies, a fintech company that operates the automotive payment management platform bezahl.de, announced that it has raised 22 million euros ($24,027,000) in series B funding, led by PayPal Ventures, the corporate venture arm of global payments and commerce company PayPal. With its core product… Read More

March 24, 2024 @ 5:42 pm By Omar Faridi  |  

Zurich Insurance Group has announced the launch of its first European Long-Term Investment Fund (ELTIF 2.01), aimed at providing individual investors and life insurance customers with access to opportunities in the asset class of private debt, “traditionally only available to professional investors.” The Fund is… Read More