September 23, 2023 @ 6:16 pm By Tony Zerucha  |  

Fintech firm Arta Finance this week named Tomas Arlia its chief investment officer and head of alternative investments. A former CIO of GE Asset Management, Arlia brings more than 25 years of experience to further the company’s offerings in alternative assets, including private equity, private credit, venture capital,… Read More

September 23, 2023 @ 6:14 pm By Omar Faridi  |  

UK Finance recently commented on the Financial Conduct Authority’s (FCA)’s account access and closure report. According to UK Finance: “Freedom of expression is vitally important and today’s report from the FCA makes clear that accounts are not being closed because of political beliefs or other… Read More

September 23, 2023 @ 6:12 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, has just completed one year of its adherence to Open Finance (a system that allows customer data sharing among financial institutions with consent) and is “positively impacting its customers’ financial… Read More

September 23, 2023 @ 6:10 pm By Michael Wong  |  

Recent preliminary data reveals that in July, outstanding loans of universal and commercial banks (U/KBs), excluding reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), witnessed a 7.7% year-on-year growth, a slight decrease from the 7.8% reported in June. When assessed on a… Read More

September 23, 2023 @ 6:08 pm By Omar Faridi  |  

More than 4 out of 5 prospective home buyers consider climate risks as they shop, new Zillow (NASDAQ: Z and ZG) research shows. Most say their major concern “is flood risk, followed by wildfires, extreme temperatures, hurricanes and drought.” Zillow senior population scientist Manny Garcia… Read More

September 23, 2023 @ 6:04 pm By Tony Zerucha  |  

New data suggests an increase in fraudulent activities within the automotive, credit card, and mortgage sectors, according to the latest Equifax Canada Fraud Trends Report. The report also suggests the uptick in fraud is being driven by financial pressures faced by consumers and by bold… Read More

September 23, 2023 @ 6:02 pm By Omar Faridi  |  

The growth that kickstarted in July has continued into August, “with increases across the board,” the team at Bondora noted. Loan originations, as well as investment product funding, “totaled over €15M each in August. Cash recoveries and collection efforts also increased to over €1M.” Bondora… Read More

September 23, 2023 @ 5:59 pm By Tony Zerucha  |  

CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, this week emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on… Read More

September 23, 2023 @ 5:57 pm By Tony Zerucha  |  

Greenlight, a Fintech company aiming to help parents raise financially savvy kids, this week announced the launch of Greenlight for Classrooms, a free, web-based personal finance library of interactive K-12 lessons and teaching materials mapped to state and national standards. As of Sept. 21, teachers… Read More

September 23, 2023 @ 5:54 pm By Tony Zerucha  |  

Clear Street, a New York-based independent prime broker, this week appointed Jonathan “Jon” Daplyn as chief information officer and Hari Godbole as managing director and vice president of engineering. The moves are effective immediately. Daplyn leads Clear Street’s 150 technologists and reports to Chris Pento, Clear Street’s co-founder and chief executive officer…. Read More

September 23, 2023 @ 1:11 pm By Omar Faridi  |  

The Northern Ireland Housing Executive (NIHE) has reportedly invested more than £32m into building more than 400 new social homes in the north east of the country last year, the team at UK’s Blend Network has noted. Blend Network, a development finance lender, says it’s… Read More

September 23, 2023 @ 11:15 am By Omar Faridi  |  

Exabeam, a global cybersecurity firm that created New-Scale SIEM for advancing security operations, and a 2023 Google Cloud Technology Partner of the Year for Security – Analytics, announced it is expanding its partnership with Google Cloud in “the development of generative artificial intelligence (AI) models… Read More

September 23, 2023 @ 11:06 am By Michael Wong  |  

Mesh, the financial operating system dedicated to seamless digital asset transfers and account aggregation, has announced raising $22 million in a Series A funding round, anchored by Money Forward Inc. The round was participated by a diverse group of new investors like Galaxy and Samsung… Read More

September 23, 2023 @ 10:51 am By Omar Faridi  |  

International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s $50 million investment adds to bolttech’s recent Series B funding round, now totaling US$246 million. bolttech will use the proceeds from… Read More

September 23, 2023 @ 10:42 am By Omar Faridi  |  

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

September 23, 2023 @ 10:39 am By Omar Faridi  |  

Continental Assist and baoba Insurtech are joining forces for parametric insurance in Latin American markets. Their partnership will aim to streamline insurance services across Latin America. Together, they’ll introduce innovative parametric products, “with a focus on customer-centric experiences.” They’re starting with a parametric flight delay… Read More

September 23, 2023 @ 10:36 am By Michael Wong  |  

InRento, the Lithuanian crowdfunding startup recognized for its innovative investment technology, has garnered a commendable €15 million in investments in its initial years. The platform, which specializes in real estate rental projects, boasts a flawless track record with no late or defaulted projects and an… Read More

September 23, 2023 @ 10:31 am By Michael Wong  |  

Global payments fintech player Nium has inaugurated its European headquarters in London, signifying its robust commitment to enhancing its European presence and recognizing the UK as a paramount fintech nexus. Originally founded in Singapore in 2014, Nium has revolutionized the manner in which businesses facilitate… Read More

September 22, 2023 @ 12:43 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, released survey results from their annual The State of Payment Operations 2023 report showing that legacy payment operations continue to result in high rates of failed payments, slow payments, errors and lost time in… Read More

September 22, 2023 @ 12:40 pm By Omar Faridi  |  

Chainlink, the industry-standard Web3 services platform, and Arbitrum, the most widely used layer 2 scaling solution suite for Ethereum dApp development, have announced today the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One. CCIP provides Web3 developers “with a secure, easy-to-use… Read More