December 28, 2023 @ 8:56 am By Omar Faridi  |  

Bank of Ireland credit and debit card data for the first two weeks of December revealed that spending levels rose nationwide compared to the same period in 2022. Cavan shoppers engaged in “the biggest pre-Christmas splurge, with spending in the county rising by 11% during… Read More

December 28, 2023 @ 8:55 am By Omar Faridi  |  

Cryptocurrency isn’t just here to stay – it’s the “future of money,” according to an update from Coinbase (NASDAQ:COIN). The largest crypto exchange in the US has outlined the status of digital assets while predicting a bullish future for crypto. Even in the aftermath of… Read More

December 28, 2023 @ 8:41 am By Omar Faridi  |  

Estateguru says that they saw €9.4 million in loan repayments in November, with an additional €1.3 million coming from recovered loans. As noted in a blog post by Estateguru, the total returns amounted to €1.1 million, “with an average return rate of 8.99%.” Estateguru has… Read More

December 27, 2023 @ 11:20 pm By Omar Faridi  |  

On 20 December 2023 the legislative acts on the European Single Access Point (ESAP) for information on financial services, capital markets sustainability and diversity were published in the Official Journal of the EU. Eurocrowd notes in a blog post that the ESAP is “expected to provide the… Read More

December 27, 2023 @ 10:24 pm By Omar Faridi  |  

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

December 27, 2023 @ 10:09 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) claims that it has had a “busy” and “productive” 2023, marked by the achievement of several significant milestones and the launch of new initiatives. This included the opening of new offices “in New York and London, strategically positioning… Read More

December 27, 2023 @ 9:17 pm By Omar Faridi  |  

Granted and SKALE Network are partnering to provide opportunities for applications across web3 to find funding and a blockchain home to thrive on. Granted was established to “provide strategic grant funding for the Web3 ecosystem.” Their expertise lies in “offering expedited and preferred application processing… Read More

December 27, 2023 @ 8:16 pm By Omar Faridi  |  

Research published by Commonwealth Bank (CBA) shows “the majority of Aussies will set a money-based New Year’s resolution in 2024.” According to the latest CommBank research, 76 per cent of Australians “will make at least one financial resolution as they dive into 2024.” Almost one… Read More

December 27, 2023 @ 7:23 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) has announced revisions to its Anti-Money Laundering and Sanctions Rules and Guidance (the AML Rulebook). The FSRA has made revisions that “clarify the requirements that previously appeared in the AML Rulebook, reflecting the federal regulatory framework the UAE has… Read More

December 27, 2023 @ 7:16 pm By Omar Faridi  |  

Payble, a provider of payments workflow and customer engagement software, announced it has closed a $3.5 million funding round led by OIF Ventures. The new funding will be used “to continue to capitalize on strong demand for Payble’s citizen-centric payment solution in its beachhead segment… Read More

December 27, 2023 @ 7:14 pm By Michael Wong  |  

Corporate payments startup EnKash has achieved a significant milestone by securing regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator under the brand name “Olympus”. This approval marks a pivotal moment for EnKash, reinforcing its commitment to compliance and… Read More

December 27, 2023 @ 5:21 pm By Omar Faridi  |  

EOS Labs and EOS Network Foundation (ENF), which claim to be “stewards” of the EOS Network, are pleased to announce a strategic partnership with the EOS Stable Coin Chain (ESCC), an Ethereum-based blockchain deployed as “a smart contract on the EOS Network using a customized… Read More

December 27, 2023 @ 5:16 pm By Omar Faridi  |  

At Payments Canada they aim to dedicate resources to the delivery, operation and governance of payment systems that are innovative, secure and globally connected. As the fourth quarter of 2023 is quickly coming to a close, Tracey Black, the President and CEO at Payments Canada,… Read More

December 27, 2023 @ 2:17 pm By JD Alois  |  

Dalmore Group is a newer entry into the online capital formation world. A broker-dealer that specializes in exempt securities offerings, Dalmore leverages technology to help companies raise the money they need while allowing the company to maintain all of the data affiliated with the investment… Read More

December 27, 2023 @ 1:01 pm By Omar Faridi  |  

A significant uplift in global growth is “unlikely” in 2024 with “no short-term end in sight to geopolitical uncertainty and tight monetary policies,” according to the latest KPMG Global Economic Outlook. Produced by leading economists from KPMG member firms around the world, this year’s report… Read More

December 27, 2023 @ 12:50 pm By Omar Faridi  |  

OKX, a global Web3 technology company and crypto exchange, recently announced the publication of its 14th monthly Proof of Reserves (PoR) report, reportedly “demonstrating USD14.9 billion in primary assets backing user funds.” OKX‘s PoR report provides “a comprehensive overview of the reserve ratios for 22… Read More

December 27, 2023 @ 11:06 am By JD Alois  |  

Last November, OurCrowd announced the creation of the Israel Resilience Fund – launched following the terrorist attacks by Hamas. Israel is a top center of innovation and entrepreneurship, and OurCrowd is one of the leading investors in early-stage firms in Israel. The attacks upended the… Read More

December 27, 2023 @ 10:22 am By JD Alois  |  

SyndicateRoom, once an investment crowdfunding platform and now an early-stage fund offering, has distributed a note on its Access EIS fund and its activity during 2023. SyndicateRoom’s fund has been labeled as one of the most active early-stage funds in the UK. The fund is… Read More

December 27, 2023 @ 9:51 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has kicked off a public consultation on the issuance of stablecoins. Stablecoins are digital assets that are referenced to other assets. Typically affiliated with fiat currency, stablecoins may also be paired with other assets such as gold. Today, most… Read More

December 27, 2023 @ 9:22 am By Omar Faridi  |  

Chancellor Jeremy Hunt has (21 December) signed the Berne Financial Services Agreement, a pact on financial services cooperation, with his Swiss counterpart Karin Keller-Sutter. The agreement sets sectors where the UK and Switzerland will “mutually recognize each other’s domestic laws and regulations on financial services,… Read More