October 30, 2023 @ 9:48 pm By JD Alois  |  

Today, the Biden Administration issued an Executive Order on the emerging artificial intelligence (AI) industry. In the announcement, eight guiding principles and priorities were established for the development of AI. The following were outlined in the EO: Artificial Intelligence must be safe and secure. Promoting… Read More

October 30, 2023 @ 9:25 pm By JD Alois  |  

Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed new rules seeking to boost Open Banking (Open Finance) in the United States. Open Banking, sometimes called Open Finance, is a concept where data can be seamlessly transferred from one financial service provider to another… Read More

October 30, 2023 @ 9:13 pm By Omar Faridi  |  

Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, today announced a partnership to enhance the merchant experience with the launch of Shippo Total Protection, a solution that “provides merchants with comprehensive protection, global coverage and seamless claims handling.”… Read More

October 30, 2023 @ 9:09 pm By Omar Faridi  |  

LSEG (London Stock Exchange Group), a global financial markets infrastructure and data provider, has selected Oracle Cloud in order “to transform its finance operations.” With Oracle Fusion Cloud and Oracle Financial Services Applications running on a unified platform, LSEG will be able “to increase efficiency,… Read More

October 30, 2023 @ 9:06 pm By Omar Faridi  |  

Deserve, a mobile-first credit card issuing platform, announced today the launch of new digital processing capabilities on the Deserve platform that can provide direct connectivity for mobile apps or software development kits to the Mastercard network. Financial Institutions of all sizes, “including credit unions and… Read More

October 30, 2023 @ 9:02 pm By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, introduced its first-party fraud solution, Sigma First-Party Fraud, powered by the concurrent launch of its First-Party Fraud Consortium (FPFC). The consortium is unifying companies “to tackle the complicated, multi-industry issue of first-party fraud by pooling… Read More

October 30, 2023 @ 9:00 pm By Omar Faridi  |  

One more business partner, LoanPlus from Sri Lanka, joins the PeerBerry platform. LoanPlus will reportedly offer PeerBerry investors investments “in short-term loans with an 11.5% annual return.” Loans provided by LoanPlus to PeerBerry investors “include a buyback and a group guarantee.” LoanPlus (legal name AISIT… Read More

October 30, 2023 @ 8:56 pm By Omar Faridi  |  

Juniper Square, the partnership enablement for the private funds industry, has announced major accomplishments, “surpassing a trillion dollars in investor equity on platform and trillions of dollars in real assets.” The company is celebrating key milestones “after securing $133M in funding earlier this year which… Read More

October 30, 2023 @ 6:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged SolarWinds (NYSE:SWI) and its chief information security officer with fraud and failures in regard to “allegedly known cybersecurity risks and vulnerabilities.” The hack has been attributed to Russian criminals. The SEC believes that investors were harmed by… Read More

October 30, 2023 @ 5:38 pm By Omar Faridi  |  

eToro, the trading and investing platform, is announcing the launch of free ETF courses on the eToro Academy, made possible through a new partnership with iShares by BlackRock, the largest ETF provider in the world. With a global line-up of 1300+ ETFs and $3.12 trillion… Read More

October 30, 2023 @ 5:23 pm By Omar Faridi  |  

New data from Tradeshift shows transaction volumes across global supply chains dropped at their fastest rate in eighteen months in Q3. More than one million businesses “use Tradeshift’s business commerce network to exchange invoicing and purchase order information relating to trade transactions across global supply… Read More

October 30, 2023 @ 1:48 pm By Omar Faridi  |  

DriveWealth was created to allow every investor in the world to benefit from access to investment opportunities—whether they have $10 or $10 million. Following the announcement of DriveWealth‘s Options launch, they are pleased to reveal that they’ve added more offerings: Fixed Income and Global Mutual… Read More

October 30, 2023 @ 1:46 pm By Omar Faridi  |  

Netcapital Inc. (Nasdaq: NCPL), a digital private capital markets ecosystem, today announced the successful completion of a capital offering by EarthGrid Public Benefit Corporation, a plasma boring technology and infrastructure development company. EarthGrid raised approximately $3.3 million on Netcapital’s funding portal “as part of a… Read More

October 30, 2023 @ 12:19 pm By Omar Faridi  |  

Darwinbox is pleased to announce a new strategic alliance with PwC UK – the second-largest professional services network. This alliance will help bring Darwinbox’s innovative HR solutions “across UK and EU markets, in addition to offering better and faster implementations and time-to-value for clients.” PwC… Read More

October 30, 2023 @ 11:45 am By Omar Faridi  |  

PrimaryBid was pleased to support FTSE 250 storage company Big Yellow Group plc (LSE:BYG), on its recent fundraise. Big Yellow raised approximately £110 million through “a placing to institutional investors, the company’s executive directors, plus a retail offer via the PrimaryBid platform with the proceeds… Read More

October 30, 2023 @ 11:15 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) will partner on digital asset innovation, including pilots in fixed income, foreign exchange and asset management products…. Read More

October 30, 2023 @ 10:46 am By Omar Faridi  |  

Revolut, the financial super app with over 35 million customers globally, has been officially certified as a Great Place to Work. Following participation in a certified study, “based on the strength of its employee experience, Revolut has been recognised as a Great Place to Work… Read More

October 30, 2023 @ 10:36 am By JD Alois  |  

The UK government has released the results of a consultation on the regulation of digital assets or crypto.  The update includes information on fiat-backed stablecoins and managing “systemic digital settlement asset firms.” The consultation kicked off in February of this year and was completed at… Read More

October 30, 2023 @ 8:57 am By Omar Faridi  |  

The combined business simplifies the firm’s organizational structure and better meets KPMG UK’s client needs with an ‘end-to-end’ service under one roof. The combination is already working successfully “in other KPMG member firms and aligns to KPMG’s multi-disciplinary model, enabling its people to access greater… Read More

October 30, 2023 @ 8:41 am By Omar Faridi  |  

Bitcoin Suisse, the Swiss crypto-finance technology pioneer, announced the integration of MATIC, the primary token of the Polygon ecosystem, into its custodial staking services. Bitcoin Suisse’s expanded Polygon offerings now encompass custodial staking, trading, and custody solutions for MATIC. Staking entries are accessible with “a… Read More