Tagged: Digital Economy

Binance NFT Claims It Has Become Largest Centralized NFT Gaming Platform: Report

Video games, the Metaverse and NFTs are all becoming increasingly popular in the digital age. Binance NFT claims it has become the largest centralized NFT gaming platform. Since June of this year, Binance NFT has become one of the largest centralized NFT gaming marketplace, onboarding… Read More

Republic of North Macedonia Introduces National Digital ID Program with Assistance from Mastercard

The Republic of North Macedonia has introduced its National Digital Identity Service – with assistance from Mastercard (NYSE: MA) – in order to support the nation’s fast-evolving digital economy. The partnership between Mastercard and the Macedonian Ministry of Information Society and Administration (MISA) – first… Read More

ID Verification Platform Trulioo Reports that 87% of Compliance Professionals Say Digital Identity More Important Now Following COVID Outbreak

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

Digital Asset Platform Rally Commits $12M to Third-Party Dev Ecosystem so Creators can Launch Crypto-Enabled Economies

Rally, a cryptocurrency platform for creators, announced that it is committing around $12 million in $RLY tokens from its “community-approved” budget to third-party developer grants in order to expand the functionality of social tokens and NFTs “purchased by fans from their favorite creators on the… Read More

Stefany Rojas: Head of Business Development at Kahuna Explains Benefits of Using their Blockchain based Social Media Network

We recently connected with Stefany Rojas, Head of Business Development at Kahuna, a blockchain-based social media network that will aim to engage celebrities with their fans in a democratized manner. It’s worth noting that most blockchain-enabled social media projects such as Voice and Steemit have… Read More

Vottun to Create Payment Service via Spanish Regulatory Sandbox with Assistance from PwC, Stellar Development Foundation

Earlier this year, the Central Bank of Spain (BdE), the Monetary Authority of Spain (Comisión Nacional de Mercados y Valores – CNMV), and Directorate-General for Insurance and Pension Funds (DGSFP) had revealed that that Spanish firm Vottun had been chosen to take part in the… Read More

Derek Lau: Game Director at Guild of Guardians Explains how They Use NFTs to Provide Real Value-Driven Tangibility of In-Game Items

We recently caught up with Derek Lau, Game Director at Guild of Guardians, which is one of the partner games of Yield Guild Games (YGG). Guild of Guardians is a blockchain or distributed ledger tech (DLT)-based mobile role-playing game (RPG) that has been published by… Read More

Low-Code Platform Mendix Reveals Platform Enhancements for Digital Economy

At Mendix World 2021, a virtual assembly of low-coders, Mendix, a Siemens business and industry leader in low-code app development for the enterprise, reveal their “robust” platform enhancements that will “accelerate delivery of high-value solutions for the digital-first economy,” according to an update shared with… Read More

CBDCs: Bank of Thailand Introduces Plans to Test a Retail Central Bank Digital Currency in Q2 2022

The Bank of Thailand (BOT) has introduced its plans (after an extensive study) to start testing a retail central bank digital currency (CBDC) during Q2 2022. The BOT had carried out a research study on the implications and feasibility of issuing a retail CBDC, as… Read More

Canada’s Trulioo, a Global Digital Identity and Business Verification Provider, Announces Partnerships with Wealth Managers

Trulioo, a global identity verification firm, reveals that it has teamed up with three wealth management companies in order to assist them with meeting compliance requirements and will be helping them with verifying their clients. As mentioned in a release shared with CI: “Through the… Read More

UK Fintech Modulr Secures Visa Ready Certification, which Helps Clients Access Seamless Digital Payments Solutions

UK-based Fintech firm Modulr reveals that they’ve managed to secure their Visa Ready certification, which supports customers in selecting the “best of breed payment solutions” that meet Visa’s international standards. As noted in an update from Modulr, the extended collaboration with Visa will help with… Read More

Chicago’s Startup Paro, a Provider of On-Demand Financial Expertise, Secures $25M via Series B

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

Virtual Banking: Bank Negara Malaysia Receives 29 Digital Banking License Applications, Up to 5 Will be Issued

Bank Negara Malaysia, the nation’s reserve bank, recently revealed that it received 29 different applications for a virtual bank license under the Financial Services Act 2013 and the Islamic Financial Services Act 2013. This has come after a 6-month application period, which came to an… Read More

Real Assets Fundraising has been Lagging, but Digital Infrastructure Emerges as Red-Hot Sub Strategy: Report

Real asset fundraising figures have “lagged recently,” with fundraising during the past 4 quarters reaching its lowest levels since “late 2012,” according to a new report from Pitchbook. As noted in the report from Pitchbook, infrastructure has managed to continue attracting considerable funding, meanwhile, the… Read More

Blockchain based Digital Identity Solution, Connect ID, from Australia’s eftpos Group to Serve as New Fintech Unit

Australia-based eftpos Group has introduced its new digital identity solution that will serve as a standalone Fintech division. The new initiative, called Connect ID and created with assistance from SecureKey, is currently live, with the stated goal of making it simpler for consumers in Australia… Read More

UK’s Digital Wealth Manager Hargreaves Lansdown Selects Fintech Stripe as Main Payments Partner

Stripe, a global tech firm which offers economic infrastructure for the Internet, reveals that it has been chosen by Hargreaves Lansdown, the United Kingdom’s leading digital wealth management service provider. Stripe will serve as Hargreaves Lansdown‘s main payments partner. Hargreaves Lansdown has selected Stripe for… Read More

Digital Identity: Payments Giant Mastercard Finalizes Acquisition of ID Verification Service Ekata

Mastercard (NYSE: MA) revealed on Friday (June 11, 2021) that it has finalized its acquisition of Ekata, a provider of identity verification services that assist companies or businesses with making informed decisions when opening online accounts, conducting payments and handling various other digital interactions. Ajay… Read More

Fintech 2025 Strategy Announced by Hong Kong Monetary Authority, Includes Comprehensive CBDC Plan

The Hong Kong Monetary Authority (HKMA) announced on Tuesday (June 8, 2021) the updated “Fintech 2025” strategy for promoting financial tech development in the Special Administrative Region of the People’s Republic of China. Eddie Yue, CEO at HKMA,  has outlined Hong Kong’s new Fintech strategy,… Read More

Salesforce CRM to Help Revolut Business Clients with Rethinking, Reshaping Management of Customer Interactions

The team at digital bank Revolut notes that being able to work effectively in a digital environment is very important for small businesses. After a year that challenged many SMEs globally to adapt and become more flexible due to the COVID outbreak, everything from customer… Read More

US Fintech Current Partners with Polkadot based DeFi Platform Acala to Launch Hybrid Finance Solutions

Current, a leading US-based Fintech firm serving Americans who are working to “create a better future for themselves,” recently revealed that it had teamed up with Acala, a decentralized finance (DeFi) platform developed on the Polkadot blockchain network. The partnership, which is reportedly the first… Read More

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