Tagged: infrastructure

August 20, 2024 @ 8:38 am By Omar Faridi  |  

WSPN (Worldwide Stablecoin Payment Network), a provider of next-generation stablecoin infrastructure, has raised $30 million in seed funding round. This investment round was led by Folius Ventures and Foresight Venture, with participation “from prominent investors including Hash Global, Generative Ventures, RedPoint Capital, and a consortium… Read More

August 15, 2024 @ 9:22 am By Omar Faridi  |  

Paddle, the payments infrastructure provider, has opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas. The potential for AI startups is huge, “with… Read More

August 9, 2024 @ 8:52 am By Omar Faridi  |  

BitGo says it has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This comes after its in-principle approval from several months prior. Singapore‘s regulatory framework is said to support its “commitment to offering regulated, secure, and compliant digital asset services… Read More

August 8, 2024 @ 8:08 am By Omar Faridi  |  

CRB Group, Inc., the parent company of Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced it has appointed three new members to its Board of Directors, effective July 1, 2024: Roland Fryer, Richard Laxer and Gabrielle Vitale. Gilles Gade, Founder,… Read More

August 8, 2024 @ 12:05 am By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced the launch of DTCC’s Insurance & Retirement Services’ (I&RS) Producer Authorization (PAR) service, “a standardized method for insurance vendors and distributors to communicate with carriers to verify… Read More

August 5, 2024 @ 10:42 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired BOSLAN, a provider of management services for large infrastructure projects, headquartered in Bilbao, Spain. With BOSLAN, Accenture will reinvent “how clients engineer and execute net-zero infrastructure projects.” By applying artificial intelligence (AI) and other digital technologies “to asset lifecycle management,… Read More

August 4, 2024 @ 7:22 pm By Omar Faridi  |  

Tokinvest, a marketplace for real-world asset tokenization, and Red Date Technology, the commercialization arm and architect of the Blockchain Services Network (BSN), a public permissioned blockchain infrastructure, announced a strategic partnership to bring significant quantities and value of tokenized real-world assets to market. This collaboration… Read More

June 27, 2024 @ 11:24 pm By Omar Faridi  |  

Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The investment round was reportedly “led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than 3X revenue growth.” The… Read More

June 10, 2024 @ 11:42 pm By Omar Faridi  |  

M^0, which is described ss a “decentralized” infrastructure layer for the issuance of cryptodollar assets, announced a Series A fundraise totaling $35 million, in conjunction with the deployment of the M^0 core protocol and on-chain governance mechanism on Ethereum Mainnet. The Series A investment round… Read More

June 1, 2024 @ 11:44 am By Omar Faridi  |  

Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Mangopay’s Fraud Prevention solution provides “a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover… Read More

May 31, 2024 @ 9:35 am By Omar Faridi  |  

OKX and Jambo, a Web3 mobile infrastructure builder, have recently announced a partnership aimed at enhancing the accessibility of the digital economy in emerging markets by combining advanced Web3 and mobile technologies. This partnership reportedly follows “a strategic investment in Jambo made by OKX’s investment… Read More

May 30, 2024 @ 11:42 am By Omar Faridi  |  

The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) has published its work program for 2024-25, highlighting its strategic priorities for policy, standard-setting, implementation and analytical activities. The program’s key themes are: Risk management of financial market infrastructures (FMIs). FMIs’ practices for… Read More

May 29, 2024 @ 8:22 am By Omar Faridi  |  

Bullish Group, the provider of digital asset market infrastructure and information services, and operator of one of the regulated digital asset exchanges, is pleased to announce key leadership changes aimed at driving the company’s strategic growth and innovation. David Bonanno appointed CFO Effective immediately, David… Read More

May 28, 2024 @ 3:18 pm By Omar Faridi  |  

WealthKernel, a provider of digital investing infrastructure, announced the appointment of James Dingwall as its new Strategic Regulatory Adviser. With a specialized focus on the Appointed Representative framework, Dingwall is expected to be  “a key role in helping WealthKernel navigate the complex regulatory landscape.” Dingwall… Read More

April 28, 2024 @ 10:25 pm By Omar Faridi  |  

Germany’s automotive marketplace mobile.de has chosen payments Fintech Mangopay to launch a tailored payment solution for its end users. The new collaboration is expected to enable consumers to buy or sell through mobile.de. They will be able to pay or get paid “for their vehicle within… Read More

April 27, 2024 @ 4:52 pm By Omar Faridi  |  

QI Tech, a financial services infrastructure provider in Brazil, announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a global growth investor, as well as Across Capital. Following the extension, QI Tech has “achieved unicorn status, six months… Read More

April 4, 2024 @ 7:52 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry,  announced that Societe Generale is reportedly the first Prime Broker to leverage CTM’s new automated tri-party trade matching workflow as the industry prepares for the increased focus on global accelerated settlement requirements. CTM’s new… Read More

March 11, 2024 @ 8:41 pm By Omar Faridi  |  

zkLink, the zero-knowledge Layer 3 infrastructure provider, announced the launch of a 20,000,000 $ZKL grant program to support developers building on zkLink. The grant program fosters innovation and development “within the zkLink ecosystem by providing financial support to talented developers and teams working on projects… Read More

February 26, 2024 @ 2:09 pm By Omar Faridi  |  

Finzly, a payments systems for financial institutions, has announced that Quaint Oak Bank has selected it to modernize its payments infrastructure, providing a superior user experience and enabling them to grow their international and embedded banking businesses. Quaint Oak is an established financial institution “with… Read More

February 9, 2024 @ 8:56 am By Omar Faridi  |  

NTT DATA, a global digital business and IT services leader, announced a new global banking research report entitled “The Digital Horizon: Banking’s Shift from Mainframe to AI-Driven Cloud Infrastructure.” The research has unveiled findings from “a survey of 650 global banking decision-makers, marking a definitive… Read More