December 23, 2023 @ 4:12 am By Omar Faridi  |  

PhonePe announced the launch of a new ‘Credit’ section on its platform. The new section will allow users “to view their credit bureau score without any additional cost, conveniently manage their credit/ Rupay cards and repay loans and credit card bills.” The Credit bureau report also… Read More

December 23, 2023 @ 4:00 am By Timothy Li  |  

The landscape of financial technology is undergoing a profound transformation, and as we stand on the cusp of 2024, it’s evident that the coming year will usher in a new era of innovation and adaptation. Here are the Top 10 Fintech Predictions for 2024 that… Read More

December 23, 2023 @ 3:39 am By Michael Wong  |  

London-listed Bowen Fintech has agreed to acquire a majority stake in Minnadeooyasan-Hanbai Co Ltd (MOH), a Japanese firm specializing in real estate crowdfunding services, according to reports. The acquisition involves Bowen Fintech purchasing 93.5% of MOH’s shares for £34.5 million. This transaction will be entirely… Read More

December 23, 2023 @ 3:36 am By Omar Faridi  |  

Traditional reinsurance companies will start offering meaningful cyber capacity in 2024 as cyber insurance is “one of the fastest growing lines of insurance to emerge in a generation,” according to the CEO of cyber risk analytics specialist, CyberCube. In a series of predictions from CyberCube… Read More

December 23, 2023 @ 3:34 am By Omar Faridi  |  

Binance recently revealed that it administered “a survey to better understand their users’ motivations and reasons for using digital assets.” Drawing on a sample of over 1,000 respondents, the Binance survey found “that nearly half (45%) listed earning extra income as their primary use for… Read More

December 23, 2023 @ 3:26 am By Omar Faridi  |  

The Securities and Futures Commission (SFC) in Hong Kong warned the public to beware of entities operating under the names of “LonShiX” and “Bitbank (Global) Financial Holding Group,” suspected of “engaging in fraudulent activities purporting to be related to virtual assets.” The SFC notes that… Read More

December 23, 2023 @ 3:24 am By Omar Faridi  |  

Lloyds Bank has continued to strengthen its support for corporate businesses “across the North West by further investing in its Corporate and Institutional Banking team in the region.” The Manchester-based team, which “provides strategic funding solutions across both corporate and private equity backed businesses, has… Read More

December 22, 2023 @ 3:17 pm By Omar Faridi  |  

Alchemy Pay, the firm supporting fiat-crypto payment gateways, has entered into a strategic partnership with Worldpay, the global acquirer, to amplify its payment channels and elevate its payment capabilities. This partnership grants access “to Worldpay’s Visa and Mastercard payment rails on Alchemy Pay’s On &… Read More

December 22, 2023 @ 3:07 pm By Omar Faridi  |  

WealthKernel, a wealthtech provider of digital investment solutions, announces the launch of US equities trading for new and existing clients. This strategic move positions WealthKernel among “the select group of API-first companies to offer institutional-grade UK and US equities trading at highly competitive prices.” Wealthyhood,… Read More

December 22, 2023 @ 2:42 pm By Omar Faridi  |  

Newgen Software, a global provider of low code digital transformation platform, announced that the Development Bank (DB) selected Newgen in order “to streamline its Banking Processes and Deliver Transformed Experiences.” The financing arm for the government to “support SMEs based in Oman is dedicated to… Read More

December 22, 2023 @ 1:41 pm By JD Alois  |  

Earlier this year, DealMaker announced that it was filing a lawsuit accusing Issuance, Crush Capital, and founder Darren Marble of misrepresenting a strategic collaboration to conduct offerings. After the lawsuit was announced, Marble denied any misdeeds on his part, stating the allegations were without merit…. Read More

December 22, 2023 @ 12:33 pm By Omar Faridi  |  

Centi is announcing the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders. Recognized for its proficiency in processing transactions as small as a cent, Centi claims that it  is now poised “for… Read More

December 22, 2023 @ 11:48 am By JD Alois  |  

The Securities and Exchange Commission has settled charges with BarnBridge DAO and its two founders, BarnBridge DAO Troy Murray and Tyler Ward, according to a statement by the Commission. Barnbreige will pay approximately $1.7 million in a penalty regarding allegations that Smart Yield Bonds, a digital… Read More

December 22, 2023 @ 11:30 am By Omar Faridi  |  

Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as “a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés… Read More

December 22, 2023 @ 10:27 am By Omar Faridi  |  

Amdax‘s vault is reportedly among the first crypto service providers in the EU to achieve the  ISAE-3000 Type-1 audit, conducted by accountancy firm Grant Thornton and assisted by Big-Four consultancy firm Deloitte. Amdax, the crypto-asset custodian and asset manager, is confirming that it is “the… Read More

December 22, 2023 @ 10:25 am By Omar Faridi  |  

Mintos, a multi-asset platform providing a unique mix of alternative and traditional investment options, is pleased to announce the addition of ETFs to its offering, “just weeks after the successful launch of high-yield Fractional Bonds.” Introducing personalized ETF portfolios for long-term, diversified investments with zero… Read More

December 22, 2023 @ 9:21 am By Michael Wong  |  

LawFi, a mobile-first digital lending and payments platform for the legal profession, has announced raising $1.5 million in its pre-Seed funding round. The round, which will help finance the startup’s expansion, was backed by investment firm Capital Q Ventures and its fund CAPQ BDC. LawFi… Read More

December 22, 2023 @ 8:55 am By Omar Faridi  |  

Atomic is pleased to announce its partnership with OneSource Virtual (OSV), a collaboration designed to deliver a simplified and secure direct deposit management solution to millions of American workers. This partnership will enable Atomic “to directly connect with OneSource Virtual customers to provide their employees… Read More

December 22, 2023 @ 8:00 am By Omar Faridi  |  

In their State of the Network report, Coin Metrics is examining the major developments that shaped the digital assets industry in 2023 through a “data-driven lens.” After a challenging 2022, this past year “brought a number of positive developments across the ecosystem, from new institutional… Read More

December 22, 2023 @ 7:22 am By Michael Wong  |  

Global investment firm Blackstone has announced a significant move in Japan’s financial technology (fintech) sector, with its private equity funds entering into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. for an undisclosed amount. Blackstone will acquire Sony Payment from… Read More