October 3, 2023 @ 11:00 pm By Omar Faridi  |  

Canada has the highest growth rate of fintech adoption across six markets, according to research shared by Tipalti. A new study, conducted by Tipalti, analyzed factors “such as global fintech adoption rates, Google searches for fintech by country and the regions that have the highest… Read More

October 3, 2023 @ 10:57 pm By Omar Faridi  |  

Qred, Sweden’s fintech company, is announcing that the banking license the company acquired in May is now “activated and the company is officially a bank.” In addition to this, Qred is re-appointing Mattias Carlsson, former long standing CEO of TF Bank, as Chair of the… Read More

October 3, 2023 @ 10:52 pm By Omar Faridi  |  

The team at Perenna says they’re pleased to announce their exclusive partnership with London & Country Mortgages as they begin lending. Perenna received their full banking license from the Prudential Regulatory Authority (PRA) and UK’s Financial Conduct Authority (FCA) at the start of September and… Read More

October 3, 2023 @ 9:55 pm By Omar Faridi  |  

ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the cable manufacturer in Pakistan. This collaboration aims to provide AbhiSalary – Earned Wage Access “to the employees of Pakistan Cables Limited, thereby promoting financial wellness.” Through AbhiSalary – Earned Wage Access, employees… Read More

October 3, 2023 @ 4:07 pm By JD Alois  |  

LendingClub (NYSE:LC), the only pure-play digital bank that is publicly traded, is bouncing along its 52-week low as its shares troll under $6. Of course, the market is sinking today across the board as the reality of longer for higher sinks in. That – and… Read More

October 3, 2023 @ 3:37 pm By Omar Faridi  |  

STARK Proofs, the zero knowledge technology supported by Starkware to bring scalability to Ethereum, have taken their first major step towards the Bitcoin network. The ZeroSync non-profit is working on the world’s inaugural ZK light client for Bitcoin. This development could: Pave the way to… Read More

October 3, 2023 @ 3:30 pm By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of real-time trading, portfolio, and risk management solutions for financial institutions, and Cassini Systems, the provider of pre-and post-trade margin and collateral analytics for derivatives market participants, announce a strategic partnership that “will see enhanced, intelligent margin and collateral… Read More

October 3, 2023 @ 1:00 pm By JD Alois  |  

The SEC’s annual Small Business Forum took place earlier this year, and in recent days, the report from the gathering was published. The Forum has taken place for more than 40 years, and while the participants regularly provide good recommendations to the Commission, few will… Read More

October 3, 2023 @ 10:42 am By JD Alois  |  

eCredits and Rocksolid Estate AG, based in Austria, says it will commence tokenized real estate investments by partnering with eCredits Blockchain. The “decentrally governed organization” or “DGO,” the Peoples SCE, builds applications using Credit Blockchain. According to a release, Rocksolid wants to offer fractionalized real… Read More

October 3, 2023 @ 9:55 am By Omar Faridi  |  

UK insurtech, Ripe, achieved strong double-digit growth in 2022, maintaining its 15 year record of consistent revenue rises. Turnover climbed by £4 million to £27.2 million “in the 12 months ending 31 December 2022, compared with £23.3 million in 2021.” Over the course of the… Read More

October 3, 2023 @ 9:44 am By Omar Faridi  |  

Bogdan Uzbekov, founder & CEO, Apron, notes that he’s pleased to announce that Apron has raised £12M in a Series A funding round, which was reportedly “led by Index Ventures, with participation of their existing investors, Bessemer Venture Partners and Visionaries Club.” And with the… Read More

October 3, 2023 @ 9:22 am By Omar Faridi  |  

Zodia Custody, an “institution-first” digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, has appointed James Harris as Chief Commercial Officer. Harris joins the business from CCData, “where he was the Commercial Director for the digital asset data company.” Harris’ appointment… Read More

October 3, 2023 @ 9:07 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in commercial insurance for small businesses, announced the appointment of insurance executive Audra Foglietta as the company’s new chief financial officer (CFO). Foglietta joins Pie during a pivotal period of growth—Pie claims it is one of the fastest growing… Read More

October 3, 2023 @ 8:50 am By Omar Faridi  |  

Following IOTA’s ShimmerEVM update last week, the developers have are introducing IOTA 2.0. After a period of research and prototyping, the IOTA Foundation “presents IOTA 2.0, a protocol that encapsulates its vision of digital autonomy for everyone.” The entire architecture of IOTA has reportedly “been… Read More

October 3, 2023 @ 8:30 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) is deepening our partnership with Operation HOPE through the 1865 Project, a new initiative that supports the organization’s mission to expand economic opportunity in underserved communities through financial education and empowerment. With our support, the 1865 project will allow Operation HOPE… Read More

October 3, 2023 @ 8:27 am By Omar Faridi  |  

Built Technologies, the company transforming the way construction and real estate commerce works by connecting lenders, owners, contractors, and suppliers, announced the hiring of Sam Kemp as its first Chief Financial Officer. Kemp will oversee Built’s finance, accounting, and analytics functions in his role as… Read More

October 3, 2023 @ 8:18 am By Omar Faridi  |  

Recent US government quagmire and treasure prices have reportedly helped with fueling inflows of $21 million, according to an update from digital asset firm CoinShares (Nasdaq Stockholm: CS) CoinShares reports that digital asset investment products “saw inflows last week for the first time in 6… Read More

October 3, 2023 @ 8:17 am By Omar Faridi  |  

Visa (NYSE: V), a global firm focused on payments, announced a new $100 million generative AI ventures initiative in order “to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.”… Read More

October 3, 2023 @ 8:13 am By Omar Faridi  |  

The AMF is warning the public against several companies “proposing atypical investments without being authorized to do so.” France‘s Autorité des Marchés Financiers explains that it regularly “updates its black lists of new websites and entities proposing atypical investments to investors in France without being… Read More

October 3, 2023 @ 6:22 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced the appointment of Brian Steele as Managing Director, President, Clearing & Securities Services, “effective October 2, 2023.” Steele will join the DTCC Management Committee, Management Risk Committee and the Investment Management Committee…. Read More