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

December 27, 2023 @ 9:02 am By Tony Zerucha  |  

The American Fintech Council (AFC) this week announced its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act. The organization said bipartisan legislation introduced by U.S. Sen. Jerry Moran (R-KS) and co-sponsored by U.S. Sens Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom… Read More

December 27, 2023 @ 8:58 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) is launching a new framework for Notified Professional Investor Funds (NPIFs). The framework provides for “an additional fund structure in Malta that benefits from an appropriately streamlined onboarding process and complements other existing fund frameworks.” The MFSA is launching… Read More

December 27, 2023 @ 8:56 am By Omar Faridi  |  

Bitcoin Suisse, which claims to be the “trusted” Swiss crypto investment partner, today announced the release of a suite of robust Application Programming Interfaces (APIs). These APIs provide access “to trading and staking services, enabling institutional clients to use and create customized crypto offerings, simplify… Read More

December 27, 2023 @ 8:53 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) has published the 7th edition of its Savings and Investment Barometer on investment trends. After the sharp fall seen in 2022, more retail investors are “planning to invest in equities in 2023.” This renewed interest is being driven in… Read More

December 27, 2023 @ 6:21 am By Omar Faridi  |  

Accenture (NYSE: ACN) has signed an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. The acquisition aligns with Accenture’s focus “on helping Italian public service organizations build… Read More

December 26, 2023 @ 11:42 pm By Omar Faridi  |  

Mox Bank Limited announced that customers can now earn Asia Miles instantly upon placing a Time Deposit “without waiting until maturity.” Mox claims that it is the first and “only” bank in Hong Kong to “offer such a reward, allowing customers to use Asia Miles… Read More

December 26, 2023 @ 10:04 pm By Omar Faridi  |  

The Central Bank of Kuwait (CBK) announced that Kuwait Clearing Company (KCC) has now joined the Real Time Gross Settlement System (KASSIP), “effective Sunday 24/12/2023 upon completion of automated linking and passing the technical tests.” The system would thereby “execute final settlements for financial transactions… Read More

December 26, 2023 @ 10:03 pm By Omar Faridi  |  

Singapore-based Whampoa Digital and Wemade, a Korean gaming company, have entered into a strategic partnership to collaborate on a US$100 million Web3 Fund to be established by Wemade as well as on digital asset initiatives in the Middle East. As part of this collaboration, Whampoa… Read More

December 26, 2023 @ 9:40 pm By Omar Faridi  |  

Pakistan’s Fintech firm SadaPay recently explained how retaining your earnings in USD with SadaBiz change the game for your freelancing career. With this feature, the Fintech company explains that it is turning your most requested need into a reality, reshaping how you interact with your… Read More

December 26, 2023 @ 2:03 pm By Omar Faridi  |  

Bullish, which claims to be among the “fastest-growing,” regulated, institutional digital assets exchange, recently launched perpetual futures for eligible customers following approval from its regulator, the Gibraltar Financial Services Commission (GFSC). The growing dominance of the global crypto derivatives market, which “accounts for approximately 75%… Read More

December 26, 2023 @ 12:56 pm By Omar Faridi  |  

LexisNexis Legal & Professional, a global provider of information and analytics, announced it is expanding U.S. law school access to Lexis+ AI, a transformative legal generative AI solution that supports conversational search, intelligent legal drafting, insightful summarization, and document analysis. Earlier this fall, Lexis+ AI… Read More

December 26, 2023 @ 11:46 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), a key player focused on supporting and securing the Bitcoin ecosystem, has added Anchorage Digital Bank National Association, a “secure” custodian and the only federally chartered crypto bank, “as a bitcoin custodian, increasing the number of Marathon’s bitcoin custodians from… Read More

December 26, 2023 @ 11:21 am By Tony Zerucha  |  

A new Surfshark study finds several Fintech apps do more than provide advice and service – they also collect and share user data. The research highlights that fintech apps collect significant user data, particularly Paypal and Robinhood. Mint shares 70% of collected data. One in… Read More

December 26, 2023 @ 11:15 am By Omar Faridi  |  

Bakkt (NYSE:BKKT) recently had the opportunity to submit a statement for the “Connecting Communities: Building Innovation Ecosystems Across America” hearing, held by the House of Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion. At Bakkt, they believe that “a regulated and transparent crypto… Read More