October 15, 2023 @ 5:56 pm By Omar Faridi  |  

We recently sat down with Monica Eaton from Chargebacks911 to gain more insights regarding the partnership between Finastra and Microsoft and how it addresses the requirements of corporate clients. Eaton, founder and CEO at Chargebacks911, also commented on how the collaboration addresses the challenges banks face… Read More

October 15, 2023 @ 3:31 pm By Omar Faridi  |  

During the past month, the crypto industry has experienced rapid growth. OKX Ventures has identified several scenarios where significant progress has been made: SocialFi has introduced “remarkable” products. Friend.tech has reportedly “generated over 10,000 ETH in revenue, with a TVL surpassing 30,000 ETH.” Their total… Read More

October 15, 2023 @ 3:14 pm By Omar Faridi  |  

Addepar opened a new office in Pune, India in March 2023 as they deepened their commitment to global expansion and R&D investment. Abhimanyu “Abhi” Prabhavalkar recently joined Addepar’s engineering leadership team during this exciting time of growth as their R&D regional lead in India, “bringing… Read More

October 15, 2023 @ 3:00 pm By JD Alois  |  

In 2020, Braid said that sharing money should not be hard while introducing its spin on peer-to-peer transfers and group expenses. This past week, Braid founder Amanda Peyton reflected on the collapse of the Fintech she founded, and it is a cautionary note for all… Read More

October 15, 2023 @ 2:44 pm By Omar Faridi  |  

Neo contributes almost $8M HKD to nurture start-up projects and foster the development of Hong Kong’s Web3 industry. Winners from Neo’s APAC Hackathon will join “an accelerator program alongside candidates from Hong Kong’s leading Web3 developer base.” Neo, the open-source, community-driven blockchain platform where developers… Read More

October 15, 2023 @ 2:32 pm By Omar Faridi  |  

Discover Global Network, the payments unit of Discover (NYSE: DFS), has launched a new cloud-based network tokenization platform giving companies “a scalable and flexible token solution they can offer to their downstream customers and merchants.” The new platform will allow companies “to integrate stored payment… Read More

October 15, 2023 @ 2:11 pm By Omar Faridi  |  

A total of 40,374 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during the first three quarters (Q1-Q3) of 2023. This represents a year-on-year (YoY) “decline of 24.3% in volume over 53,369 deals announced during the same period… Read More

October 15, 2023 @ 1:54 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced an investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks. The investment will help Accenture and Aliro equip clients “with secure quantum networks that establish safe and secure data and communications.” Quantum computing uses… Read More

October 15, 2023 @ 12:22 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment gateway, has established a partnership with Trekki NFT, and extended the functionality of its NFT Checkout in order “to support and facilitate its minting processes.” These unique NFTs, “bearing a travel theme,” are backed by the global online travel services… Read More

October 15, 2023 @ 11:21 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) issued its semi-annual performance report of the finance companies sector and real estate refinance for H1 2023. According to the report, most of the indicators in the finance companies sector “grew at varying rates in H1 2023.” The paid-up share… Read More

October 15, 2023 @ 11:11 am By Omar Faridi  |  

API3’s managed dAPIs are available on Base. Developers on Base can now “access over 120 verifiable, decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.” Base is an Ethereum L2 solution incubated by Coinbase that is “built on… Read More

October 14, 2023 @ 6:05 pm By Omar Faridi  |  

US Consumer Price Index (CPI) data published Thursday supports the case that the Federal Reserve will likely “implement one more interest rate hike,” says the CEO of one of a financial advisory, asset management and fintech organization. The prediction from Nigel Green of deVere Group… Read More

October 14, 2023 @ 6:03 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress that generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, “such as charging excessive fees, for basic information about their own accounts.” Under a 2010… Read More

October 14, 2023 @ 6:00 pm By Tony Zerucha  |  

The CEO of the American Fintech Council blasted the Centre for Responsible Lending (CRL) for a report on earned wage access (EWA), calling it a ‘complete misunderstanding and mischaracterization of the industry” that, among other things, takes information out of context and uses ‘improper interpretations… Read More

October 14, 2023 @ 5:55 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension schemes, announces that it aims to reduce the emissions of its default growth fund by 75% by 2030. This new target swiftly follows the announcement that Smart Pension “had achieved a 50%… Read More

October 14, 2023 @ 12:42 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks creating access to safe and affordable financial services, has announced that FinMkt has become its newest member. Woman-founded and owned, the AFC said the company adds an important voice to the fast-growing… Read More

October 14, 2023 @ 11:38 am By Tony Zerucha  |  

MineralTree’s eighth-annual State of AP Report chronicles the effect of automation, headwinds, inflation and hybrid workplaces on AP teams. “As businesses continue to face a number of challenges and pressures, finance teams are being tasked with finding new ways to drive operating efficiencies and get… Read More

October 14, 2023 @ 10:35 am By Omar Faridi  |  

The European Investment Fund (EIF) and KBC Insurance have announced a new investment partnership that will see the Belgium-based Banking and Insurance Group support up to €200 million of equity investments in sustainable infrastructure projects across Europe. The deal, signed in Brussels, runs over “a… Read More

October 14, 2023 @ 9:29 am By Michael Wong  |  

Crowdfunding platforms further empower startups in Turkey, with 44 campaigns in the first nine months of 2023 raising a total of $16 million, according to data released by Industry Monitor Startups Watch. Turkey has 21 authorized equity-based crowdfunding platforms, nine of which are actively conducting… Read More

October 14, 2023 @ 9:23 am By Omar Faridi  |  

While the summer may traditionally be a quieter time of the year for many businesses, CrowdProperty says that it bucked the trend by funding £100 million in property development projects within the last quarter. The CrowdProperty team of experts claims that they “continued to be… Read More