November 4, 2023 @ 7:21 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Russian national Ekaterina Zhdanova for utilizing crypto to launder and move money on behalf of “Russian elites.” Strict sanctions have been enacted by the US and other nations following Russia’s unprovoked… Read More

November 3, 2023 @ 10:51 pm By Michael Wong  |  

TAS, an Italian banking and financial services software provider, has announced the appointment of Fabio Benasso, a long-standing Accenture executive, as its new group president. The decision came following a recent meeting of the Board of Directors, marking a new chapter in the company’s pursuit… Read More

November 3, 2023 @ 9:50 pm By Michael Wong  |  

The Dubai Integrated Economic Zone (DIEZ) has announced the official launch of Oraseya Capital, a venture capital fund that will invest in financial technology (fintech) startups in the gulf nation. This strategic initiative, announced during the Dubai Business Forum, aligns with the Dubai Economic Agenda… Read More

November 3, 2023 @ 3:14 pm By Omar Faridi  |  

KPMG UK has announced the promotion of over a thousand partners and colleagues, as the professional services firm “continues to invest in the development of its talent. ” The latest round of promotions “includes 56 new partners and 116 directors.” A further 833 colleagues have also… Read More

November 3, 2023 @ 3:10 pm By Omar Faridi  |  

BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units. BillingPlatform’s solution has been “integrated within J.P. Morgan’s ecosystem to more efficiently service J.P. Morgan’s Treasury… Read More

November 3, 2023 @ 3:04 pm By Omar Faridi  |  

Banxa’s latest integration represents a major step in our mission to foster economic innovation. One of the fundamental aspects of blockchain is its ability “to bring tangible solutions to real-world problems.” The powerful Stellar blockchain network “offers the tools to make a difference through products… Read More

November 3, 2023 @ 2:46 pm By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of real-time trading, portfolio, and risk management solutions for financial institutions, announces the availability of a module within TradeSmart OEMS and TS One that reportedly “streamlines Best Execution compliance and reporting.” The module and analytics dashboard provides traders “with… Read More

November 3, 2023 @ 2:35 pm By Omar Faridi  |  

QI Tech, the Direct Credit Company (SCD) approved by the Brazilian Central Bank, today announced an investment of US$200 million (R$1 billion) in a Series B round “led by General Atlantic, a global investor, with participation from existing investor Across Capital, which is doubling its… Read More

November 3, 2023 @ 2:21 pm By Omar Faridi  |  

Americans are shopping earlier than ever before and leveraging flexible payments to manage their expenses during the holiday season according to newly released research from leading financial services company Zip Co (ASX: ZIP). The survey of more than 3,000 U.S. adults revealed “that 57% of… Read More

November 3, 2023 @ 1:47 pm By Michael Wong  |  

Venture capital (VC) investment in Fintech companies dropped 36% to $6 billion in the third quarter of 2023, with deal volume down 39% to 484, according to data released by S&P Global Market Intelligence. However, despite the overall decline, late-stage startups saw a 30% increase… Read More

November 3, 2023 @ 11:27 am By Michael Wong  |  

Treehouse, a Web3 data and analytics company, has acquired advanced NFT analytics firm Origins Analytics to boost its non-fungible token (NFT) capabilities. Financial details of the acquisition were not disclosed. Following the acquisition, Origins’ founding team will join Treehouse to integrate Origins’ technology into its… Read More

November 3, 2023 @ 10:40 am By Omar Faridi  |  

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way. Justin DiPietro, Co-Founder and Chief Strategy Officer of… Read More

November 3, 2023 @ 9:35 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced a unique new capability to its market-leading e-signature solution, OneSpan Sign, to give organizations a better way “to safeguard the provenance of a document against emerging security threats.” The newest addition to OneSpan’s portfolio, Trust Vault,… Read More

November 3, 2023 @ 8:28 am By Michael Wong  |  

SEBA Bank, a licensed digital assets bank regulated in Switzerland, has teamed up with St.Galler Kantonalbank (SGKB), the country’s fifth-largest cantonal bank, to launch bitcoin and ether custody and brokerage for clients. The partnership, announced earlier this year, is now fully operational and signifies a… Read More

November 3, 2023 @ 8:02 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) reports that Q3 was a strong quarter for the digital asset firm. In a letter addressed to Coinbase shareholders, the firm says that amid multi-year low levels of volatility, they are pleased with their financial results. Although the company has generated a net… Read More

November 3, 2023 @ 5:21 am By Omar Faridi  |  

FTX founder and former CEO Sam Bankman-Fried has been found guilty Thursday (November 2, 2023) on all seven counts that are related to fraud as well as money laundering. Bankman-Fried was indicted on fraud charges on December 22, 2022, following the collapse of his crypto… Read More

November 2, 2023 @ 11:11 pm By Michael Wong  |  

The Financial Services and the Treasury Bureau (FSTB) of Hong Kong has announced a set of groundbreaking initiatives during the Hong Kong FinTech Week 2023, aimed at integrating fintech developments with the real economy. The comprehensive plan includes the launch of an Integrated Fund Platform… Read More

November 2, 2023 @ 10:13 pm By Michael Wong  |  

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has asserted that stringent regulation of virtual assets is crucial for market development, defending the region’s new licensing regime in the wake of JPEX‘s collapse earlier this year. The unlicensed cryptocurrency exchange is currently under investigation, but Chan… Read More

November 2, 2023 @ 9:56 pm By Michael Wong  |  

Funding Societies (Modalku), a unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has announced raising $7.5 million in debt from Norfund, Development Financial Institution (DFI) operated by the Norwegian government. DFIs have played a significant role in impact investments in Southeast… Read More

November 2, 2023 @ 9:53 pm By Michael Wong  |  

Abu Dhabi Securities Exchange (ADX) is working with HSBC Bank Middle East (HSBC) to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East. The partnership leverages the investment product knowledge of… Read More