October 2, 2023 @ 8:48 am By Omar Faridi  |  

Enterprise blockchain firm Ripple‘s co-founder Chris Larsen recently commented on how the UK has become a major Fintech hub. The UK is also adopting a progressive approach to regulating crypto-assets, according to Ripple co-founder Chris Larsen (although certain significant challenges still remain). The UK has,… Read More

October 2, 2023 @ 8:41 am By Omar Faridi  |  

Coinbase Singapore has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This development, coming after Coinbase’s (NASDAQ:COIN) initial In Principle Approval, amplifies their commitment to the Singapore market, enabling them “to expand their provision of Digital Payment Token services to… Read More

October 2, 2023 @ 6:22 am By Michael Wong  |  

Globe Fintech Innovations, Inc (Mynt), the parent company of the most popular e-wallet in the Philippines GCash, is acquiring Electronic Commerce Payments Inc (ECPay) for about $40 million, according to a disclosure Monday. In a statement, Globe Telecom, the parent company of Mynt, said it… Read More

October 1, 2023 @ 11:58 pm By Omar Faridi  |  

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More

October 1, 2023 @ 11:03 pm By Omar Faridi  |  

Atom Bank has announced a partnership with climate tech business Kamma. Atom will benefit from access to Kamma’s full climate suite, “offering an unparalleled view on both the physical and transition risks of its mortgage book.” Kamma will further “provide analytics on Atom’s financed emissions,… Read More

October 1, 2023 @ 9:51 pm By Omar Faridi  |  

Organizations in the United Kingdom reportedly suffered a record number of ransomware attacks last year, according to analysis of a dataset published by the Information Commissioner’s Office (ICO). In its data security incident trends – which “are reported to the data protection regulator – the… Read More

October 1, 2023 @ 9:47 pm By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced today a strategic consulting partnership with PwC Germany, a global firm focused on assurance, advisory, and tax services. This collaboration aims to transform financial close processes “for businesses across German-speaking countries… Read More

October 1, 2023 @ 9:19 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, recently marked its tenth anniversary serving Irish businesses, “with the release of data revealing widespread, rapid growth in the country’s internet economy.” Over the last decade, conditions for Ireland’s internet businesses “have improved dramatically.” Homegrown startups now “have… Read More

October 1, 2023 @ 8:00 pm By Omar Faridi  |  

Klarna, the AI powered global payments network, announced the launch of several new products and services aimed to promote circularity and encourage smart shopping. With these updates, Klarna continues to evolve beyond payments “to become a starting point for every purchase for 150 million consumers… Read More

October 1, 2023 @ 7:35 pm By Omar Faridi  |  

Digital bank Revolut is reportedly engaged in discussions with the UK’s financial regulator regarding potential failures that enabled funds to be released from customer accounts identified by the National Crime Agency as suspicious. This latest development is now part of several issues that impact the… Read More

October 1, 2023 @ 6:00 pm By JD Alois  |  

Frequently, private firms aim to grow and become public companies at some point in their evolution. This is one of the ways you can also provide liquidity for early investors. Yet by becoming a “registered” or “reporting company,” you must comply with a heightened degree… Read More

October 1, 2023 @ 5:47 pm By Omar Faridi  |  

Akash Mahendra, Director of Haven1 Foundation, has commented on what the green light for Ethereum (ETH) futures from Valkyrie Funds means for the nascent crypto and blockchain industry. Akash notes that while it’s a cause for celebration, it’s “a different picture for those still waiting… Read More

October 1, 2023 @ 5:26 pm By Omar Faridi  |  

According to research by London-based Nickel Digital Asset Management, Europe’s regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan, institutional investors “are confident Bitcoin and Ethereum will sustain their strong performance for the rest of this year.” The… Read More

October 1, 2023 @ 5:13 pm By Omar Faridi  |  

Over 200,000 consumers have reportedly verified their World ID in Chile as demand for the privacy-preserving digital identity protocol continues to grow following the Worldcoin project launch in July. In a country with approximately 19.5M residents, that’s “over 1% of the population.” In order to… Read More

October 1, 2023 @ 5:00 pm By Omar Faridi  |  

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

October 1, 2023 @ 4:56 pm By Omar Faridi  |  

Square, part of Block (NASDAQ:SQ), launched Tap to Pay on Android for sellers across Canada. The new technology enables businesses “to securely accept credit card contactless payments with a compatible Android device, at no additional cost.” With Tap to Pay on Android, Square claims it… Read More

September 30, 2023 @ 4:31 pm By Omar Faridi  |  

U.S. retail investors remain optimistic about reaching their investing goals even as student loan payments resume and the threat of a recession looms, according to data from the latest Retail Investor Beat from trading and investment network eToro. In the short term, investors are still… Read More

September 30, 2023 @ 4:21 pm By Michael Wong  |  

d1g1t, a Canadian institutional-grade wealth management platform for Financial Advisors, RIAs, and Multi-Family Offices, announced that it has closed a combined equity and debt financing round. U.S. based existing investor MissionOG led the equity investment, which included participation of other top existing institutional investors: CI… Read More

September 30, 2023 @ 4:17 pm By Omar Faridi  |  

Circle Research has been launched with a charter “to accelerate and amplify technical innovation within crypto, blockchain, and Web3 through open-source research.” Circle Research’s inaugural open-source contribution, Perimeter Protocol, “offers a new standard for building on-chain credit markets.” Open Source R&D At Circle, they claim… Read More

September 30, 2023 @ 3:55 pm By Omar Faridi  |  

The U.S. housing market has rebounded strongly in 2023 after a short-lived downturn late last year. The total value of the U.S. housing market has surged by more than $2.6 trillion over the past year, a new Zillow (NASDAQ: Z and ZG) analysis shows. The… Read More