January 13, 2024 @ 12:21 pm By Michael Wong  |  

Klarivis, a US-based banking data analytics startup, has raised $11 million in its Series B funding round anchored by technology-focused equity firm Blueprint Equity, according to an announcement. Founded in February 2019, KlariVis provides data analytics solutions for community banks and credit unions. The company… Read More

January 13, 2024 @ 11:34 am By JD Alois  |  

The Securities and Exchange Commission (SEC) experienced an embarrassing breach of security when its X (formerly Twitter) account was hacked. The perpetrators took the opportunity to announce the approval of Bitcoin ETFs one day before the SEC intended to announce it publicly. In the following… Read More

January 13, 2024 @ 11:24 am By Omar Faridi  |  

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris has announced that Genesis Global Trading, Inc. will “pay an $8 million penalty to New York State for compliance failures that violated DFS’s virtual currency and cybersecurity regulations and left the company vulnerable… Read More

January 13, 2024 @ 11:20 am By Tony Zerucha  |  

Payments company TodayPay, a Fintech developing Refunds as a Service, today appointed Visa executive Mike West as a strategic advisor. The announcement was made at the Consumer Electronics Show. West led Visa Direct’s international commercialization and network expansion by launching new use cases, payment capabilities and value-added… Read More

January 13, 2024 @ 10:46 am By Omar Faridi  |  

According to Office for National Statistics data published recently, there is now a record number of people in the UK “aged over 90 in England and Wales, up by 2.1% in 2022 to 550,835 people,” the team at PensionBee noted. The number of centenarians (people… Read More

January 13, 2024 @ 10:43 am By Omar Faridi  |  

Open Campus announced that Open Campus ID, its decentralized identifier (DID), will launch on 23 January to “connect potentially millions of learners from Open Campus’ network of partners to Web3 education through the Open Campus Alliance.” The Open Campus Alliance is described as “an ecosystem… Read More

January 13, 2024 @ 10:41 am By Omar Faridi  |  

Lendable is pleased to announce a $10 million debt investment in Validus, an SME lending platform with operations in Indonesia, Singapore, Thailand, and Vietnam. Validus drives SME financial inclusion “across Southeast Asia by leveraging proprietary data to provide supply-chain financing to under-served SMEs, thereby empowering… Read More

January 13, 2024 @ 10:39 am By Michael Wong  |  

Finoa, a Berlin, Germany-based regulated crypto platform catering to smart capital allocators, announced that it has successfully raised $15 million in a fresh funding round. The investment was co-led by Maven 11 Capital and Balderton Capital, with additional contributions from Blue Bay Ventures, Signature Ventures,… Read More

January 13, 2024 @ 10:37 am By Michael Wong  |  

Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate. The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support… Read More

January 13, 2024 @ 6:17 am By Omar Faridi  |  

Fill/ Refill, a Northamptonshire family-run manufacturer has received over £600k of financing from Metro Bank in order to “help it achieve its aspirations to be the most responsible closed-loop maker and supplier in the UK.” The independent business formulates, designs and “creates a range of… Read More

January 12, 2024 @ 10:37 am By JD Alois  |  

The pan-European payments Finteh Lemonway says it doubled revenue in 2023 when compared to 2022. During the year, Lemonway reports that it processed €9.6 billion, or a 24% increase compared to 2022. Lemonway works with some big names like SNCF. Decathlon, Drouot and others. In… Read More

January 12, 2024 @ 9:46 am By JD Alois  |  

Switzerland-based payments Fintech Rivero has raised a $7 million series A funding round, according to the company. The funding was led by 6 Degrees Capital and Inference Partners, with participation from PostFinance, Kraken Ventures, Seed X Liechtenstein, and former COO of Adyen, Robert Kraal, and… Read More

January 12, 2024 @ 9:36 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, released its annual findings on global financial institution enforcement actions, which reveal that “the value of penalties imposed on firms surged 57% in 2023.” Penalties for failing… Read More

January 12, 2024 @ 9:00 am By JD Alois  |  

The Biden Administration has not been known for embracing Fintech innovation and, in the past couple of years, has become more hostile towards digital assets in general. One aspect the Biden Administration is pursuing that may undermine crypto is the digital asset mining energy excise… Read More

January 12, 2024 @ 8:59 am By JD Alois  |  

Vanguard, a financial services firm with over 50 million investors, is blocking its customers from purchasing newly listed Bitcoin ETFs. The news was circulating on X yesterday, with Vanguard responding to questions about accessing Bitcoin EFTs as follows: “Thank you for your question! While we… Read More

January 12, 2024 @ 8:40 am By Omar Faridi  |  

Recruitment intentions remained subdued as 2023 drew to a close, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. Permanent placements and temp billings “declined again in December, albeit at softer rates than in November, as employers maintained… Read More

January 12, 2024 @ 8:37 am By Omar Faridi  |  

Galaxy Asset Management, which claims to be one of the largest digital assets and blockchain investment managers, in partnership with Invesco Ltd. (NYSE: IVZ), a global provider of exchange-traded funds (ETFs), announced the launch of the Invesco Galaxy Bitcoin ETF (BTCO). BTCO invests directly in… Read More

January 12, 2024 @ 8:31 am By Omar Faridi  |  

Ransomware incidents reported to UK financial regulators doubled in 2023, according to an extensive update shared with CI. A Picus Security FOI analysis of cyber incidents reported “to the Financial Conduct Authority reveals an increase in ransomware incidents in the first half of 2023.” Picus… Read More

January 12, 2024 @ 3:14 am By Omar Faridi  |  

Andaria, a fintech company, is pleased to announce its collaboration with Mastercard (NYSE: MA) to empower its embedded finance proposition. This alliance with Mastercard signifies a considered to be “a major milestone and a pivotal role in Andaria’s mission to enhance the quality of its… Read More

January 12, 2024 @ 2:45 am By Omar Faridi  |  

Zebec, a Fintech startup, announces the launch of its Web3 payment and real-time payroll services in Japan. This move marks Zebec’s continued global expansion and “underscores its commitment to fostering collaborative financial innovation worldwide.” Japan, known for pioneering a regulatory framework “for digital finance, offers… Read More