Tagged: infrastructure

March 1, 2023 @ 7:53 am By Omar Faridi  |  

Colt Technology Services, the digital infrastructure company, announced new software-driven connectivity in three countries, expanding its longstanding collaboration with Equinix, Inc (Nasdaq: EQIX). Businesses now “have access to Colt’s On Demand infrastructure interconnecting with Equinix Fabric in Spain, Italy and Sweden, as well as in… Read More

February 28, 2023 @ 8:03 am By Omar Faridi  |  

Pagos, a payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud,  announced an oversubscribed $34 million Series A investment led by Arbor Ventures, a global fintech-focused venture firm. Additional participating investors “include Point… Read More

February 26, 2023 @ 4:32 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced the expansion of its network tokens and card account updater in partnership with Visa, Mastercard, and American Express. Together, these features “help businesses protect revenue, increase authorization rates, and reduce the churn that occurs when customers’ credit… Read More

February 23, 2023 @ 9:57 pm By Omar Faridi  |  

Coincover, the digital asset protection company, announces a new partnership with Cobo, which claims to be the largest digital asset custodian and blockchain infrastructure provider in the Asia Pacific (APAC) region. This news comes shortly after Coincover’s recent successful $30 million funding round. Cobo explains… Read More

February 23, 2023 @ 2:20 am By Omar Faridi  |  

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and Eurex Frankfurt AG, the European derivatives exchange, announced that they have “entered into a commercial partnership in which TT will offer direct access to the Eurex EnLight… Read More

February 22, 2023 @ 6:03 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced the launch of Enhanced Issuer Network, a set of partnerships with major US card issuers. Stripe provides secure access “to transaction fraud scores from Stripe Radar, its fraud prevention solution, through an encrypted pathway with issuers including… Read More

February 19, 2023 @ 10:58 am By Omar Faridi  |  

Taurus SA, the digital asset infrastructure provider for financial institutions in Europe, is pleased to announce a $65 million Series B capital raise from strategic investors. Taurus’ Series B investment round is “led by Credit Suisse and includes participation from new institutional investors such as… Read More

February 13, 2023 @ 7:07 pm By Omar Faridi  |  

Arrcus, the hyperscale networking software company and a leader in core, edge and multi-cloud network infrastructure, announced the close of a financing round “that brings to $50 million the total capital raised since the last venture financing round.” Prosperity7 Ventures is leading the Series D… Read More

February 13, 2023 @ 11:47 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance “for the branded stablecoin BUSD.” Effective February 21, Paxos will “cease issuance of new BUSD tokens as directed by and working in close coordination with the New York Department… Read More

February 6, 2023 @ 7:02 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).” In November 2022, GOPAX halted “the withdrawal… Read More

February 4, 2023 @ 10:12 am By Omar Faridi  |  

Paxos, the “comprehensively” regulated blockchain and tokenization infrastructure platform, announced it is launching “an engineering research & development center of security and cryptography excellence in Israel.” Paxos plans “to expand its Israel engineering center with senior, staff and principal engineers with specialized skills in enterprise-grade… Read More

January 26, 2023 @ 2:50 pm By Omar Faridi  |  

Injective, a blockchain specifically designed for building financial applications, announced a new $150 million ecosystem initiative “to further accelerate the adoption of interoperable infrastructure and DeFi.” Injective claims  it is the first fully decentralized smart contracts platform “optimized for building finance applications.” Injective was “created… Read More

January 25, 2023 @ 6:51 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced the launch of ICE Digital Trade Documents (ICE DTD) for the energy industry, a configurable solution “digitizing post-trade and shipping processes for physically delivered commodities including oil, gas and petrochemicals.”… Read More

January 19, 2023 @ 11:07 am By Omar Faridi  |  

Dock, an innovator in financial technology infrastructure across Latin America, has launched Dock One, an integrated cloud-based platform for banking and payments that “allows companies to easily scale business operations anywhere in the world by offering financial services enablement to their customers.” The innovative platform… Read More

January 8, 2023 @ 5:57 pm By Omar Faridi  |  

Malaysia-based payments network and infrastructure provider PayNet has recently appointed Gary Yeoh as the firm’s new Chief Commercial Officer. The appointment to oversee PayNet’s commercial operations comes after quite a notable year for Yeoh, who is reportedly a veteran of the Malaysian payments sector and… Read More

January 5, 2023 @ 10:48 pm By Omar Faridi  |  

PPRO, which claims to be the leading provider of digital payments infrastructure, has announced that it has expanded its coverage of the Portuguese market by integrating MB WAY, Portugal’s leading mobile wallet provider, onto its platform. This development comes “as a result of PPRO’s long-standing… Read More

January 2, 2023 @ 8:47 pm By Omar Faridi  |  

Recently, Paxos, the regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best “to safely oversee a global, fiat-backed stablecoin and its issuer.” Paxos welcomed the opportunity “to provide comments to the Financial Stability Board and agreed with… Read More

December 23, 2022 @ 8:35 am By Omar Faridi  |  

Cboe Global Markets Inc. (Cboe: CBOE), a provider of global market infrastructure and tradable products, today announced the appointment of Vikesh Patel as President of Cboe Clear Europe, its pan-European clearing house. Patel will join the company in early 2023, “subject to regulatory approval.” Patel… Read More

December 22, 2022 @ 2:54 pm By Omar Faridi  |  

Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over “a botched IT platform migration that left two million customers locked out of their accounts in 2018,” Chris Dinga, Payments Analyst at… Read More

December 21, 2022 @ 10:47 pm By Omar Faridi  |  

Flux, the frontrunner in building decentralized infrastructure to power Web3 development, today announced a partnership with OVHcloud, the European cloud leader, “to expand its edge cloud solution options.” This partnership will “enable each company to expand its reach into previously untapped markets – Web3 for… Read More