Tagged: us

October 25, 2020 @ 5:02 pm By Omar Faridi  |  

The COVID-19 pandemic has accelerated the shift to digital with financial services, according to a recent report from TransUnion (NYSE:TRU), a financial services data platform and credit report provider. The report notes that the Coronavirus outbreak sent “shockwaves” through the financial services sector and has… Read More

October 25, 2020 @ 2:57 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that emerging technologies (Emtech) continue to “drive the evolution” of capital markets.  As covered, Friedman believes that Cloud technologies will transform financial services and… Read More

October 24, 2020 @ 3:23 pm By Omar Faridi  |  

Chinese Fintech firm Lufax is reportedly planning to secure $2.36 billion through its US initial public offering (IPO). Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending. Lufax’s management noted… Read More

October 23, 2020 @ 6:39 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971. Friedman notes: “From day one,… Read More

October 23, 2020 @ 7:58 am By Omar Faridi  |  

San Francisco-based Fintech firm Ripple might consider moving its business operations to another country if US financial regulations remain unclear. Ripple has narrowed down its choices to five high-potential markets where it may establish its new headquarters. They include the UK, Switzerland, the United Arab… Read More

October 20, 2020 @ 11:44 pm By Omar Faridi  |  

American Express (NYSE:AXP) and Coupa have announced that they’ll be expanding their existing partnership in order to bring virtual card payments to the US. According to a release, the American Express virtual Card payment option within Coupa Pay is now available globally, allowing companies to… Read More

October 17, 2020 @ 6:24 pm By Omar Faridi  |  

Coinbase Custody, a qualified custodian that operates as a standalone, independently-capitalized business to Coinbase Inc., is considering adding support for new crypto-assets. Coinbase Custody notes that it focuses on offering a “highly” secure and “sophisticated” storage solution for institutional investors and individuals that hold large… Read More

October 16, 2020 @ 3:39 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase is launching Wrapped Bitcoin (WBTC) on Coinbase Pro, the digital asset trading platform for professional traders. WBTC trading will not be available to Coinbase.com users or via other mobile app platforms (for now at least). As confirmed by the exchange,… Read More

October 16, 2020 @ 2:30 am By Omar Faridi  |  

  We recently spoke to Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset treasury management firm that manages over $1 billion in assets. Demirors talked about how financial markets reacted after US President Donald Trump tested positive for COVID-19. She also discussed… Read More

October 15, 2020 @ 3:42 pm By Omar Faridi  |  

LexisNexis Risk Solutions has published its latest research report, titled Risk Solutions 2020: True Cost of Fraud Study: Financial Services & Lending (for the US and Canadian financial services and lending sectors). The research report covers the different types of fraudulent activities in the lending… Read More

October 15, 2020 @ 8:28 am By Omar Faridi  |  

Greater Boston based PAYMYNT Financial, a mobile commerce and financial growth app provider, has secured $1.1 million in capital through its seed funding round. PAYMYNT’s management notes that many consumers are now making purchases via e-commerce platforms. They believe that it’s an ideal time to… Read More

October 14, 2020 @ 11:46 pm By Omar Faridi  |  

Sean Lippel, a VC and crypto-asset investor at Fintech Collective, a New York-based firm backing initiatives that “reimagine” how money moves in a digital environment, says that the future of institutional digital asset management has already arrived. Lippel claims that if portfolio managers allocate around… Read More

October 14, 2020 @ 10:53 am By Omar Faridi  |  

Canapi Ventures, a company that aims to invest in early to growth-stage Fintech firms offering “disruptive” alternatives to outdated business models and technologies, has been making substantial investments in the financial tech sector, especially since August of this year. Headquartered in Wilmington, North Carolina and… Read More

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 10, 2020 @ 1:55 pm By Omar Faridi  |  

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

October 7, 2020 @ 11:00 am By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC) has introduced a digital tool, called Life Plan, which aims to help clients with setting and keeping track of their financial goals. The new tool is now available through the BofA’s digital banking app and official website. Life… Read More

October 5, 2020 @ 11:55 pm By Omar Faridi  |  

Monica (Appelbe) Long, SVP of Marketing at American Fintech Ripple, says that we’re all in the midst of a global climate crisis—”one that is impossible to ignore.” Long confirms that efforts are being made by many countries to “avert the worst-case climate scenarios.” Organizations and… Read More

October 4, 2020 @ 4:04 pm By Omar Faridi  |  

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions. Expressing views… Read More

October 4, 2020 @ 1:55 pm By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC), one of the largest US banks in terms of total assets and scope of operations, has noted that the month of October is Cybersecurity Awareness Month. The BoA, which recently reported that around 97% of its transactions are… Read More

October 4, 2020 @ 11:50 am By Omar Faridi  |  

Propy, the US-Bulgarian blockchain-based platform for conducting real estate transactions, has reportedly received an investment from Tim Draper, the legendary venture capitalist who has launched and supported many successful businesses during his extensive career. Propy, which had conducted an initial coin offering (ICO) to raise… Read More