Tagged: united states

July 19, 2020 @ 6:08 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase announced on July 16, 2020, that it will support Algorand (ALGO) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers will be able to purchase, sell, convert, send, receive, or store ALGO. The digital asset exchange confirmed… Read More

July 19, 2020 @ 1:17 pm By Omar Faridi  |  

Lucinity, an AML software developer established by a compliance professional who previously worked at Citigroup, has acquired $6.1 million in capital. Meanwhile, Regtech company Hummingbird, which is also an anti-money laundering software developer, has finalized an $8.2 million Series A investment round. Lucinity’s recent round… Read More

July 18, 2020 @ 9:55 am By Omar Faridi  |  

Banking challenger Branch, a service provider that teams up with employers to assist workers with growing financially, recently revealed key findings from its second annual Branch Report. The digital challenger’s report looks at the financial, work, and lifestyle interests of hourly workers. As noted in… Read More

July 17, 2020 @ 8:59 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, recently concluded its year long review of its Travel Rule standards for virtual asset service providers (VASPs). The FATF confirmed that it will be extending its… Read More

July 16, 2020 @ 9:35 pm By Omar Faridi  |  

The US Department of Energy (DOE) has reportedly awarded over $1 million to InfoBeyond Technology LLC, a software development company. The DOE funded initiative, called “Gridchain: An Auditable Blockchain for Smart Grid Data Integrity and Immutability,” was awarded the grant money during the recent selection… Read More

July 15, 2020 @ 2:25 pm By Samantha Hurst  |  

Digital bank Revolut announced on Wednesday that Revolut U.S. has officially made its debut. According to Revolut, U.S. customers are now able to buy, hold, and exchange Bitcoin as well as Ethereum. Users may also automatically round-up their spare change from their Revolut card into… Read More

July 15, 2020 @ 12:57 pm By Samantha Hurst  |  

Bond Financial, a U.S. fintech platform, announced on Wednesday it secured $32 million through its Series A funding round, which was led by Coatue with participation from existing seed investor Canaan and new strategic investors Goldman Sachs and Mastercard.  Founded in 2019, Bond states its on… Read More

July 14, 2020 @ 10:03 pm By Omar Faridi  |  

NYMBUS, a core banking modernization firm, has teamed up with digital payments company Payrailz in order to enhance its cloud-powered “Smart Ecosystem” of digital-first banking products and services. NYMBUS aims to serve as an effective alternative to the legacy business model. The company plans to… Read More

July 14, 2020 @ 11:44 am By Samantha Hurst  |  

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Tuesday it will be offering  “Buy Now, Pay Later” (BNPL) payments for physical retail stores in the U.S. market to shoppers paying with Google Pay. Afterpay reported that under this new… Read More

July 14, 2020 @ 9:10 am By Samantha Hurst  |  

Bbot Inc., a restaurant and hospitality tech startup dedicated to simplifying and improving the ordering and payments process, today announced a $3 million seed funding round led by Craft Ventures, an early-stage venture fund headquartered in San Francisco. Founded in 2017, Bbot states it offers… Read More

July 13, 2020 @ 9:58 pm By Omar Faridi  |  

The US Secret Service, a federal law enforcement agency operating under the Department of Homeland Security and responsible for conducting criminal investigations and protecting the country’s leaders and their family members, has established the Cyber Fraud Task Force (CFTF). The CFTF has been formed after… Read More

July 13, 2020 @ 9:34 pm By Omar Faridi  |  

Over half or 50% of companies that applied for, and received funding via the US government’s Paycheck Protection Program were financial services providers or companies focused on related technology developments. As reported recently, Fintech firms managed to acquire significant amounts of funding from the PPP… Read More

July 13, 2020 @ 2:25 pm By Samantha Hurst  |  

U.S. fintech Robinhood has reportedly secured an additional $320 million in funding through its Series F investment round. Robinhood previously announced it raised $280 million through the round, which was led by Sequoia Capital.  Founded in 2013, Robinhood is on a mission is to democratize… Read More

July 12, 2020 @ 3:47 pm By Omar Faridi  |  

Evilnum, an advanced and persistent threat group, has been targeting UK-based Fintech companies and others throughout Europe since 2018. Evilnum uses “spear-phishing” emails and various social engineering tactics to initiate their cyberattacks, according to ESET, an online security company. The researchers at ESET noted that… Read More

July 12, 2020 @ 2:44 pm By Omar Faridi  |  

The global COVID-19 outbreak has negatively impacted businesses in many different industries throughout the world. Remote working is increasingly becoming the “new normal” for many people. Employees are able to perform most of their daily tasks from home, and don’t need to be at a… Read More

July 12, 2020 @ 2:32 pm By Omar Faridi  |  

There were many borrowers in the US that signed up for Paycheck Protection Program (PPP) loans because they wanted to be able to make payroll, David O’Connell, a senior analyst focused on wholesale banking at Aite Group, confirmed. O’Connell claims that these businesses were thinking… Read More

July 12, 2020 @ 12:35 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase is offering its blockchain analytics software to the US Secret Service, a federal law enforcement agency that operates under the Department of Homeland Security. The agency performs criminal investigations and aims to protect the country’s leaders and their family members…. Read More

July 11, 2020 @ 5:44 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency’s correlation with gold has weakened following the COVID-19 outbreak and resulting economic uncertainty. However, the digital asset’s correlation with the S&P 500 stock market index appears to be getting stronger, according to research report from crypto exchange Kraken. Kraken Intelligence,… Read More

July 11, 2020 @ 3:37 pm By Omar Faridi  |  

US-based Marqeta Inc, a major payment card issuing Fintech firm whose investors include giant Wall Street investment bank Goldman Sachs, is reportedly planning to work with various investment banks in order to potentially launch an initial public offering (IPO). As reported by Reuters, which cited… Read More

July 10, 2020 @ 3:37 pm By Samantha Hurst  |  

Thimble, a U.S.-based insurtech startup that helps small businesses succeed on their own terms, announced on Thursday it has released a new API for partners who serve the small business and professional services communities. Thimble reported that With the Thimble API, partners can offer flexible insurance… Read More