December 2, 2023 @ 3:51 pm By Tony Zerucha  |  

Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance, has secured initial seed funding of $4.25 million. Cumberland DRW led this round, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. The… Read More

December 2, 2023 @ 3:48 pm By Michael Wong  |  

Paytabs, a payment solutions provider in the MENA region, announced the launch of PayTabs Issuance — secure prepaid card issuing solutions aimed at scaling business operations regionally. Abdulaziz Al Jouf, CEO and founder of PayTabs Group, emphasized the potential of the issuing market in the… Read More

December 2, 2023 @ 8:58 am By Michael Wong  |  

Buenos Aires-based fintech firm Uala has launched a no-fee credit card in Argentina, targeting the massive population of unbanked Argentines, according to a Bloomberg report. The company, which is backed by investors George Soros, Steve Cohen, and Tencent Holdings, is offering its no-fee credit card… Read More

December 2, 2023 @ 8:47 am By Tony Zerucha  |  

Today, digital asset security firm Fireblocks announced the acquisition of BlockFold, a smart contract development and consulting firm specializing in advanced tokenization projects for financial institutions. Fireblocks said the acquisition enriches its tokenization capabilities to provide clients with a complete service layer that includes advisory, token… Read More

December 1, 2023 @ 5:32 pm By JD Alois  |  

DealMaker, a broker-dealer specializing in online capital formation – mainly for exempt securities offerings, has shared some information on performance during the months of September and October. While venture capital markets have been somewhat subdued, there has been anecdotal information that issuers raising money online… Read More

December 1, 2023 @ 5:18 pm By JD Alois  |  

The House Financial Services Committee has announced a “field hearing” scheduled to take place in Little Rock, Arkansas. The hearing is entitled “Connecting Communities: Building Innovation Ecosystems Across America,” led by the Digital Assets, Financial Technology and Inclusion Subcommittee. The hearing will commence at 10… Read More

December 1, 2023 @ 5:11 pm By JD Alois  |  

Swift says it has finally brought 24/7 global payments to life for transfers destined to Europe. According to a statement by Swift, the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), now enables payments to and from Europe to be processed 24 hours… Read More

December 1, 2023 @ 5:00 pm By Omar Faridi  |  

Global equity management company Carta announced plans to expand operations to the Middle East—citing a 180% increase in year-over-year bookings across the broader Asia Pacific region, and “launching with flagship Middle East customers including Global Ventures, BECO Capital, Cotu Ventures, and Outliers VC and Middle… Read More

December 1, 2023 @ 4:56 pm By Omar Faridi  |  

Copper will facilitate the transition of financial market infrastructure to blockchain-based rails addressing key goals in Abu Dhabi’s Economic Vision. Integration of blockchain-based services with financial infrastructure “will provide a solid foundation for the expansion of the local capital markets and attract international investors to… Read More

December 1, 2023 @ 4:55 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments market leader, announces a new, easier-to-use interface for its AI-powered accounts receivable (AR) software platform which delivers improved insights and a more holistic view of AR processes to optimize cash flow and improve staff productivity. The new, platform-wide… Read More

December 1, 2023 @ 4:27 pm By JD Alois  |  

Kognitos,  a company that is working on AI [artificial intelligence] for business automation, has raised $20 million in a Series A round led by Khosla Ventures. Existing investors also participated in the funding round. To date, Kognitos reports $30 million in money raised. This funding… Read More

December 1, 2023 @ 4:11 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the 26th edition of the Reality Check: Paycheck-To-Paycheck research series. The Seasonal Financial Distress Deep Dive Edition “examines the impact of seasonal spending on consumers’ ability to… Read More

December 1, 2023 @ 4:09 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced a collaboration with Microsoft and Ingram Micro Inc. Through this collaboration, Cowbell policyholders “gain access to complimentary Microsoft Exchange migrations to Microsoft 365 Business Premium, empowering SMEs to harness the full… Read More

December 1, 2023 @ 4:07 pm By Omar Faridi  |  

CME Group, which claims to be one of the world’s leading derivatives marketplaces,  announced that open interest in its deeply liquid U.S. Treasury futures “set a new record of 21,428,757 contracts on November 24.” This year, the notional value of open interest “in CME Group… Read More

December 1, 2023 @ 3:53 pm By Omar Faridi  |  

With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount “for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers.  ” According to Experian’s State of the… Read More

December 1, 2023 @ 10:02 am By JD Alois  |  

Yesterday, the UK government announced a “world’s first” agreement with big tech to help battle online fraud, the most common type of crime in the country. The UK government is partnering with the likes of Amazon, eBay, Facebook, Google, Instagram, LinkedIn, Match Group, Microsoft, Snapchat,… Read More

December 1, 2023 @ 9:33 am By JD Alois  |  

Neobank Bluevine is reporting that it has topped $1 billion in deposits for its SME banking customers. The Fintech provides FDIC-covered accounts in partnership with Coastal Community Bank. Lines of credit are issued by Celtic Bank, a Utah-chartered Industrial Bank. Bluevines states that accounts have… Read More

December 1, 2023 @ 8:48 am By Omar Faridi  |  

Binance, which recently agreed to pay a massive $4.3 billion+ as part of a settlement agreed to with US authorities, is pleased to announce that they have successfully executed the “first” cryptocurrency triparty arrangement with a third-party banking partner. As explained by Binance, this solution… Read More

December 1, 2023 @ 8:15 am By Omar Faridi  |  

Lloyds Banking Group is reportedly the first UK bank to adopt fintech platform PrimaryBid’s Fuse platform in order “to expand access to UK capital markets transactions for customers.” This partnership will enable significantly greater participation “for customers of Halifax Share Dealing, Lloyds Bank, Bank of… Read More

December 1, 2023 @ 8:13 am By Omar Faridi  |  

Trulioo, a global identity verification platform, announced its partnership with Public, a U.S. investing platform for stocks, ETFs, crypto, Treasury bills and alternative assets that is allowing U.K. investors access to U.S. stocks. Public chose Trulioo Person Match identity verification “to achieve the highest onboarding… Read More