Tagged: digitalization

June 10, 2022 @ 7:56 am By Omar Faridi  |  

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More

June 9, 2022 @ 11:52 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech solutions, has expanded the portfolio of payout options available to businesses using its Carat operating system “to include digital checks.” Enabled in collaboration with Checkbook, Inc., an all-in-one push-payments processor, this new… Read More

June 8, 2022 @ 10:47 pm By Omar Faridi  |  

Ever imagine visiting your banking branch virtually (without having to leave your residence) or conveniently discussing investment plans with a financial advisor? Well, the day is not so far away when you may have the option to transact, access banking details and access various banking… Read More

June 8, 2022 @ 12:07 pm By Omar Faridi  |  

While the adoption of Web2 computing technologies has gained traction in the consumer and enterprise segments, security breaches and privacy concerns “continue to mar this space,” according to an update from Huobi. Web3 computing, with its inherent ability to alleviate such issues, “will likely see… Read More

June 8, 2022 @ 11:27 am By Omar Faridi  |  

The non-fungible token (NFT) boom of 2021 not only brought “mainstream attention” to digital art investment, it also “catalyzed increased development of the crypto metaverse,” according to an update from Kraken. The Metaverse — a previously “esoteric” term first used in the 1992 science fiction… Read More

June 7, 2022 @ 1:20 pm By Omar Faridi  |  

NatWest announced that it is working cooperatively with Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) in order to build an innovative client engagement platform that will aim to replace its multi-system, legacy frontline architecture. As mentioned in the update, the platform will aim to integrate… Read More

June 5, 2022 @ 9:31 pm By Omar Faridi  |  

Cybersecurity has been around for many years, albeit initially “confined to antivirus software with a limited understanding of network security,” according to an update from Juniper Research. The “exponential” growth of interconnectivity and personal and business information online in the late 1990s and 2000s, and… Read More

June 5, 2022 @ 6:47 pm By Omar Faridi  |  

On May 23, 2022, the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed judgment “against a debt collection enterprise with a history of deception and harassment to pay $4 million and be permanently banned from the debt… Read More

June 2, 2022 @ 9:57 pm By Omar Faridi  |  

Arteria AI, a global “leader” in enterprise digital documentation, has announced it has received strategic investments from Citi SPRINT (Spread Products Investment Technologies), the strategic investing arm of the bank’s Global Spread Products division, and BDC Capital. Arteria’s software has been “deployed at numerous top-tier… Read More

June 1, 2022 @ 11:56 am By Omar Faridi  |  

KuCoin, which claims to be a “leading” global cryptocurrency trading platform, has launched its “brand-new” decentralized product — KuCoin Wallet, with its website “going live for users to access the service starting June 1st.” The official app of KuCoin Wallet is also expected “to launch… Read More

May 31, 2022 @ 11:37 pm By Omar Faridi  |  

Merge has secured $9.5 million in capital via a seed round in order to create its API-powered banking and payments solution, effectively bridging the gap between fiat and cryptocurrency-based ecosystems. Merge aims to address the ongoing struggle that many firms in the crypto economy face… Read More

May 30, 2022 @ 6:31 pm By Omar Faridi  |  

When you expect the “unexpected,” you can set your business up to “weather turbulent times,” according to an update from Adyen. If the past few years of the global pandemic have done anything, “they’ve proven that adage true.” When it became clear that the retail,… Read More

May 30, 2022 @ 8:16 am By Omar Faridi  |  

FanHub, a play-2-earn game bringing an “extremely engaged” community to Web3, has secured 86% (£215,845) of its £250,008 target from 140 investors (at the time of writing) via Seedrs with 24 days left in the firm’s crowdfunding campaign. Located in London, FanHub operates in the… Read More

May 29, 2022 @ 5:29 pm By Omar Faridi  |  

Presearch, the private, “decentralized” search engine with 3.8 million registered users and 150 million monthly searches, has announced its Mainnet launch, “shifting all search traffic to run on its decentralized network of community-run nodes.” Rather than using centralized computing infrastructure that is fully controlled by… Read More

May 25, 2022 @ 4:12 am By Omar Faridi  |  

MYPINPAD, an international player in mobile-based payments acceptance and digital authentication solutions, has teamed up with CircleBlue Pay (CBP) and OTP Mobile in a move that will “allow thousands of merchants across Hungary to accept card payments via Tap to Phone technology.” Based in Budapest,… Read More

May 25, 2022 @ 1:37 am By Omar Faridi  |  

UBS (SWX: UBSG) is launching a “purely” digital product line, UBS key4, for clients who want “to carry out their banking transactions entirely digitally – independently and around the clock from their smartphone.” The new product line is “integrated into the long-established and popular UBS… Read More

May 24, 2022 @ 11:07 pm By Omar Faridi  |  

Wells Fargo Wealth & Investment Management (WIM) recently announced the relaunch of Intuitive Investor, its digitally automated investing platform. Investors can now “access the robo-advisory platform with only a minimum $500 investment.” Michelle Moore, head of Digital for Consumer and WIM at Wells Fargo, said:… Read More

May 24, 2022 @ 8:37 pm By Omar Faridi  |  

yourCom, a provider of corporate lending, has embraced Enigio’s trace:original in combination with Signicat’s solution for digital identity and electronic signing “to launch a fully digital lending process.” By integrating trace:original, yourCom will be able “to offer its clients the creation and management of fully… Read More

May 24, 2022 @ 6:38 pm By Omar Faridi  |  

BUD, a Metaverse user-generated platform, recently announced its $36.8M Series B round led by Sequoia Capital India “with participation from ClearVue Partners, NetEase and Northern Light Venture Capital.” Existing investors GGV Capital, Qiming Venture Partners and Source Code Capital also participated in the investment round…. Read More

May 22, 2022 @ 10:34 pm By Omar Faridi  |  

With a goal to build the infrastructure and deliver the tools that will power Web3, Ontology has been “focused on the Decentralized Identity (DID) field since day one. ONT ID is Ontology’s decentralized identity framework, designed to be both trustless and private, empowering users and… Read More