October 26, 2023 @ 2:28 pm By JD Alois  |  

OurCrowd, a global online investment platform allowing investors to access early-stage investments alongside big-name VCs, has announced a new Artificial Intelligence (AI) fund. On OurCrowd, smaller (accredited) investors may back promising young firms from Israel and around the world. OurCrowd also has a roster of… Read More

October 26, 2023 @ 2:22 pm By Omar Faridi  |  

U.S. Bank, an organization supporting payment services, announces the launch of Avvance, an embedded, multi-channel point of sale lending solution. Avvance empowers businesses “with the ability to offer consumer financing during checkout with a quick application and instant decisioning.” Payment methods are constantly evolving and… Read More

October 26, 2023 @ 1:18 pm By Omar Faridi  |  

Crypto exchange Coinbase (NASDAQ:COIN) is alleging that the US Securities and Exchange Commission (SEC) has overstepped in the firm’s most recent effort to dismiss the ongoing lawsuit. Coinbase’s response to the SEC‘s lawsuit filed earlier this year is that not everything qualifies as a security…. Read More

October 26, 2023 @ 12:01 pm By JD Alois  |  

multifi has received a commitment of £10 million from Fasanara Capital to support UK SMEs, according to a statement from the company. The digital lender says businesses may tap into credit of up to £200,000 with a fixed monthly access fee of 0.3% and an interest… Read More

October 26, 2023 @ 10:27 am By JD Alois  |  

The Enterprise Investment Scheme (EIS) and Seed Investment Enterprise Scheme (SEIS) provide materially important tax benefits for investors in early-stage firms in the UK. Designed to encourage the support of entrepreneurs and younger firms, EIS and SEIS mitigate risk for investors while possibly generating tax-free… Read More

October 26, 2023 @ 9:20 am By Omar Faridi  |  

Zafin, the provider of SaaS product and pricing platform solutions for banks, announces the launch of Zafin Integrate & Orchestrate (IO), as well as Zafin Data Fabric. Zafin IO is a foundational technology platform “that streamlines integration across a bank’s tech ecosystem and Zafin’s cloud-native… Read More

October 26, 2023 @ 9:15 am By JD Alois  |  

The Governing Council of the European Central Bank (ECB) has decided to hold rates steady today. The Council indicated that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at… Read More

October 26, 2023 @ 9:01 am By JD Alois  |  

The Future Fund was one of several programs designed by the UK government to backstop firms during the COVID crisis. Managed by the British Business Bank, the Future Fund was created to help early-stage ventures which frequently need ongoing cash injections to get to profitability…. Read More

October 26, 2023 @ 8:02 am By Omar Faridi  |  

Contributing Worldcoin developers recently updated the project’s state bridges to use a new architecture that saves gas and enables anyone to easily “create a bridge for any Ethereum Virtual Machine (EVM) compatible chain.” With the revised architecture, teams can now “develop and operate their own… Read More

October 26, 2023 @ 7:57 am By Omar Faridi  |  

Following Coinbase’s (NASDAQ:COIN) AML registration with the Bank of Spain last month, the team has welcomed its first hire in the market. Attending the European Blockchain Convention in Barcelona this week, the team says they will be “hosting a launch party to celebrate these recent… Read More

October 26, 2023 @ 7:46 am By Omar Faridi  |  

Mortgage Bank Lenzburg has expanded its organizational structure and the Finstar core banking system so that it can now offer services for digital assets. It starts with the custody offer for digital registered securities “from selected partner companies that were issued on the Ethereum blockchain.”… Read More

October 26, 2023 @ 6:35 am By Omar Faridi  |  

Shift4 (NYSE:FOUR), a global firm focused on integrated payments and commerce technology, has completed its previously announced acquisition of Finaro, a cross-border ecommerce payments provider and fully licensed bank “with a large European presence.” The completion of this acquisition “expands Shift4’s total addressable market both… Read More

October 25, 2023 @ 10:07 pm By Omar Faridi  |  

NYMBUS, a provider of cloud-based financial technology solutions, is announcing a strategic partnership with Gesa Credit Union. This collaboration will facilitate the launch of a digital financial brand. The alliance aims to extend the reach of the Washington-based credit union well “beyond the confines of… Read More

October 25, 2023 @ 10:05 pm By Omar Faridi  |  

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced Nitin Gupta as Chief Revenue Officer. He reports to CEO, Stephen Murphy. Prior to Genesis, Gupta was the Americas Sales Leader for Global Financial Services EMEA at Amazon Web Services, where he… Read More

October 25, 2023 @ 10:02 pm By Omar Faridi  |  

Ripple, the firm focused on enterprise blockchain and crypto solutions, has announced a new partnership with Uphold, the global Web3 financial platform. The partnership will see Uphold provide Ripple “with enhanced crypto liquidity capabilities to underpin and enhance its cross-border payments infrastructure.” Known for its… Read More

October 25, 2023 @ 10:00 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces it has partnered with Form3, the cloud-native account-to-account platform, to add FedNow, TCH RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s payment platform, Vault Payments. This partnership brings together two payment solutions, “offering banks and… Read More

October 25, 2023 @ 9:56 pm By Omar Faridi  |  

Tuum, a core banking provider, and Plumery, the digital banking platform, confirmed a  partnership that introduces a pre-integrated headless front-end, “with a microservices based core banking solution, tailored for ambitious technology-led businesses that require the flexibility of a highly modular architecture.” With a vision to… Read More

October 25, 2023 @ 9:53 pm By Omar Faridi  |  

The Osprey Total Return Pool is the “first” actively managed investment grade credit portfolio available on-chain. The strategy of the pool is powerful: deliver “a total return from a short-duration Investment Grade credit portfolio of ‘real-world-assets’ including; Treasury Bills, Asset-Backed Securities, and Loans.” The pool… Read More

October 25, 2023 @ 9:50 pm By Omar Faridi  |  

Bakkt is pleased to share that they are supporting a new open standard for money transmission: Universal Money Addresses or “UMAs.” Bakkt has collaborated with Lightspark to be one of its initial partners, and they are pleased to announce the alpha launch of our UMA-capable Lightning service…. Read More

October 25, 2023 @ 9:48 pm By Omar Faridi  |  

Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More