November 28, 2023 @ 10:20 pm By Omar Faridi  |  

Truflation, the “independent” and “unbiased” provider of verifiable economic data and indexes, is thrilled to announce its integration with innovative layer1 blockchain Injective to “provide data feeds for the pricing of real-world assets (RWAs) across the Injective ecosystem.” Through the integration of Truflation’s real-time economic… Read More

November 28, 2023 @ 10:19 pm By Omar Faridi  |  

Blockdaemon Institutional Wallet is now supported with cold storage, tokenization features as well as Azure support. Blockdaemon says it is unveiling three major enhancements to the Blockdaemon Institutional Wallet, which include: Cold Storage, Tokenization and Azure Cloud support. These features collectively aim to “enhance the… Read More

November 28, 2023 @ 10:16 pm By Omar Faridi  |  

Insurance is the biggest expense for gig companies, according to a recent update. Uber says its insurance costs “are roughly 10% of its gross bookings, exceeding $11B in 2022. Insurance-related costs are also rising every year.” In 2022, a top 10 auto insurer reportedly “increased… Read More

November 28, 2023 @ 9:59 pm By Omar Faridi  |  

Rimes has announced the launch of their AI Lab under the leadership of Theo Bell, the newly appointed Head of AI Product. The Rimes AI Lab provides “a dedicated environment where the Rimes Product Engineering team, in collaboration with clients, can prototype new ideas and… Read More

November 28, 2023 @ 6:06 pm By Omar Faridi  |  

Despite electric vehicle (EV) sales moderating from a torrid pace, the share of new EV car registrations increased markedly through “the first half of 2023 to 8.3%, up from 5.6% one year earlier.” A TransUnion (NYSE: TRU) study conducted in collaboration with S&P Global Mobility… Read More

November 28, 2023 @ 4:14 pm By JD Alois  |  

The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has announced a hearing addressing innovation in financial services. The hearing is entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services” The hearing… Read More

November 28, 2023 @ 3:57 pm By JD Alois  |  

Honeycomb, a FINRA-regulated funding portal, has topped the list of platforms with the most Reg CF (Regulation Crowdfunding) filings for the first time (as far as we know). In recent times, Wefunder and StartEngine have typically been in the running for the most offerings filed… Read More

November 28, 2023 @ 3:15 pm By Nick Morgan  |  

In the most recent episode of Capital Ideas, David Duccini, CEO and founder of Silicon Prairie Online, shed light on how Silicon Prairie’s portal is leveraging blockchain-based solutions and an Alternative Trading System (ATS) to revolutionize the world of secondary sales in investment crowdfunding. David… Read More

November 28, 2023 @ 12:07 pm By JD Alois  |  

FINRA (Financial Industry Regulatory Authority) has launched a new section of its website to cover its work on crypto or digital assets. FINRA is the entity that oversees all of the broker-dealers in the US. As there are over  624,000 brokers across the country, the… Read More

November 28, 2023 @ 10:57 am By JD Alois  |  

CapitalOS is reporting $39 million in funding as the startup exits stealth mode. According to a statement issued by the company, the capital infusion is a combination of both debt and equity capital. CapitalOS did not provide a breakdown. The funding was led by Group… Read More

November 28, 2023 @ 9:40 am By JD Alois  |  

Tokenization or turning an asset into a “digital asset” or digital security makes a lot of sense. By leveraging technology, an asset can be managed more effectively, comply with regulations and be programmed to automatically perform certain services. Today, most investible assets are heavy on… Read More

November 28, 2023 @ 9:20 am By JD Alois  |  

Lendable has added recurring payments to its platform by leveraging the services of TrueLayer, according to a company statement. TrueLayer is an Open Banking provider and Lendable providers loans to consumers. TrueLayer said the new service was incorporated as Lendable leveraged its Account Information Services… Read More

November 28, 2023 @ 8:24 am By Omar Faridi  |  

SBI Holdings, Inc. announces that it has concluded a Memorandum of Understanding with Circle Internet Financial, a global financial technology firm and the issuer of USDC, the world’s regulated stablecoin, “to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle’s Web3… Read More

November 28, 2023 @ 8:01 am By Omar Faridi  |  

This year, Bitpanda Business claims that it has distinguished itself “as an essential platform for companies stepping into the world of digital investment.” With a 27% increase in the number of business clients using their services, Bitpanda has reportedly enabled “a diverse range of companies,… Read More

November 28, 2023 @ 7:56 am By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers, has announced the appointment of Dan Teodosiu to the Board as a Non-Executive Director. Dan has over 30 years of experience “building and managing high-performing engineering and research teams, as well as scaling platforms… Read More

November 28, 2023 @ 6:28 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has launched a new Buy-to-Let product suite “with bold reductions and larger loan sizes to support professional landlords around the UK.” LendInvest (LSE:LINV) is supporting landlords “with up to 30bps off across its range of two, five and… Read More

November 28, 2023 @ 3:58 am By Omar Faridi  |  

Sumsub announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost-effective user verification. Global Database Verification caters “to a wide range of both regulated and non-regulated industries and businesses looking to ensure the legitimacy and accuracy of… Read More

November 28, 2023 @ 1:08 am By Omar Faridi  |  

Crastorehill, a company majority owned by Finch Capital, Europe‘s growth investor, has successfully acquired open banking players “as part of their buy-and-build strategy.” This move positions Crastorehill as “the 100% shareholder of Qwist (formerly finleap connect) and ndgit, harnessing their complementary strengths to lead the… Read More

November 28, 2023 @ 12:51 am By Omar Faridi  |  

Nium, the firm enabling real-time global payments, and Jeonbuk Bank (JB Bank), aSouth Korean financial institution, have announced a partnership. Together, they will offer the country’s first global remittance service “targeted at the 2.5 million non-Korean residents that live in South Korea.” The service will… Read More

November 27, 2023 @ 10:28 pm By Omar Faridi  |  

Ubank says tha tcontinues to innovate for the digital generation. Ubank is announcing a new, upcoming app and service features “to help the digital generation reach their financial goals sooner.” Ubank, Australia’s digital bank, is continuing “to serve Australia’s tech-savvy demographic.” With strong customer growth… Read More