December 24, 2023 @ 11:49 am By Omar Faridi  |  

Crime has long been a “top-of-mind” concern for households across Latin America and the Caribbean, according to an update shared by the International Monetary Fund (IMF). The IMF noted in a blog post that the LatAm region accounts “for nearly half of the world’s intentional… Read More

December 24, 2023 @ 11:31 am By Omar Faridi  |  

Kraken says it’s pleased to announce the have successfully completed our latest Proof of Reserves. Clients can verify their account balances “are fully backed with on-chain assets, custodied securely by Kraken, for supported cryptocurrencies as of the November 30, 2023 snapshot.” This most recent Proof… Read More

December 24, 2023 @ 10:47 am By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Annual Report: Canada Tech 2023. The report, based on Tracxn’s extensive database, “provides insights into the Canada Tech space.” In 2023 Year-to-Date (YTD), Canada stands “as the seventh highest-funded country globally for startup funding,… Read More

December 24, 2023 @ 9:55 am By Omar Faridi  |  

Banks have vastly evolved over the last 50 years but the underlying global financial system has remained largely the same; obscure and inefficient. The advent of regulated digital assets and programmable money, “along with its adoption by central banks around the world offers a root… Read More

December 24, 2023 @ 6:50 am By Omar Faridi  |  

In an effort to streamline its customer service operations and enhance its customers’ digital banking experience, Libyan Islamic Bank (LIB) has partnered with Backbase, the enabler of engagement banking platform solutions worldwide. Established in 2017 with a primary focus on retail and corporate segments, LIB… Read More

December 24, 2023 @ 3:56 am By Omar Faridi  |  

Remittances to low- and middle-income countries (LMICs) grew “an estimated 3.8% in 2023, a moderation from the high gains of the previous two years.” Of concern is the risk of “decline in real income for migrants in 2024 in the face of global inflation and… Read More

December 24, 2023 @ 2:16 am By Omar Faridi  |  

With 80% of employees in the office three or more days a week, employers are challenged with optimizing office space Ernst & Young LLP (EY US) announced the launch of its third annual EY Future Workplace Index, which “tracks C-suite and executive sentiment and behavioral… Read More

December 23, 2023 @ 9:26 pm By Michael Wong  |  

Fintech Alliance PH has commended the Philippine government for the enactment of the Internet Transactions Act (ITA), which aims to enhance and secure e-commerce transactions in the country. President Ferdinand R. Marcos Jr. signed Republic Act 11967, known as the ITA, marking a critical step… Read More

December 23, 2023 @ 5:41 pm By Michael Wong  |  

The Philippines’ Securities and Exchange Commission (SEC) has successfully driven the growth of the country’s crowdfunding sector, with funds raised approaching P2 billion (about $36 million) in the last three years. This surge in crowdfunding activity is a direct outcome of the SEC’s nationwide campaign,… Read More

December 23, 2023 @ 5:11 pm By Omar Faridi  |  

ABN AMRO is reportedly investing in SET Fund IV, a fund focused on data and digital technology companies that help accelerate the energy transition to a zero-carbon society. As noted in a blog post, the fund is managed by SET Ventures, an investment company “that… Read More

December 23, 2023 @ 3:22 pm By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this initiative represents “a significant milestone for the innovation and evolution of Paxos’s enterprise and consumer-facing businesses.”… Read More

December 23, 2023 @ 2:21 pm By Omar Faridi  |  

Coinbase Derivatives Exchange, a CFTC-licensed futures exchange, is pleased to announce that its crypto futures products are now available through the TT platform from Trading Technologies International, Inc. (TT), a global capital markets technology platform provider. Coinbase (NASDAQ:COIN) further noted that TT customers can now… Read More

December 23, 2023 @ 1:24 pm By Omar Faridi  |  

Layer2 Financial, a BaaS and payments infrastructure technology, is announcing a strategic partnership with Evita, a B2B cross-border payments solution specializing in large transactions. This collaboration marks a significant milestone in “the financial technology landscape, leveraging the strengths of both entities to streamline and optimize… Read More

December 23, 2023 @ 12:19 pm By Omar Faridi  |  

Sygnum Bank has announced a strategic partnership with Aquila GVM Consulting SA, an independent wealth management firm in Lugano with traditional asset management expertise. Aquila GVM Consulting will reportedly “leverage Sygnum’s crypto-native all-in-one digital asset banking services.” By working with Sygnum, Aquila GVM Consulting is… Read More

December 23, 2023 @ 11:18 am By Omar Faridi  |  

Following consultations over the last few months, the UK’s Payment Systems Regulator regulator confirms its new reimbursement requirement which will “prompt a step-change in fraud prevention and see the vast majority of money lost to APP frauds reimbursed to victims.” The policy statement confirms “that… Read More

December 23, 2023 @ 11:16 am By Omar Faridi  |  

Bondora reveals that November showed signs of slightly less activity for loan originations. Bondora noted that Finland remains “the most robust loan market, with over €10M in loan originations in November alone.” Due to strategic risk policy changes, “the Spanish market is also temporarily closed… Read More

December 23, 2023 @ 11:14 am By Omar Faridi  |  

Effective January 1, 2024, virtually all new companies being incorporated in the United States will need to “comply with the Corporate Transparency Act (CTA),” the team at Carta noted. As explained in a blog post by Carta, this new law will “require them to submit… Read More

December 23, 2023 @ 11:09 am By Omar Faridi  |  

Rabobank is pleased to announce that Carlo van Kemenade will join the Managing Board as Director of Retail Netherlands “as of 1 April 2024.” As a member of the Managing Board, he will be “responsible for the entire Retail domain in the Netherlands for a… Read More

December 23, 2023 @ 8:28 am By Omar Faridi  |  

Nearly one in four (24%) Americans have been victimized by fraud or identity theft “while using gig economy platforms, like delivery and ride-sharing apps,” according to an update from TransUnion. That is more than double the rate they “experienced elsewhere, with only 10% reporting victimization… Read More

December 23, 2023 @ 4:22 am By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and says it is the supporter of regulatory compliance, security and privacy, signed a Memorandum of Understanding (MOU) with six major charities in Singapore in order “to help facilitate the acceptance of… Read More