Tagged: us

September 4, 2020 @ 2:43 pm By Omar Faridi  |  

The team at Security Token Advisors, a group of professionals that aim to “reinvent” finance with security tokens, reveals that that many “progressive” legislators and regulators have been focused on defining relevant rules and standards for issuing blockchain or distributed ledger tech (DLT)-based financial securities… Read More

September 4, 2020 @ 9:07 am By Omar Faridi  |  

California-based Fintech firm Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that it has introduced what it calls, the “first Self-Driving Money” service. As mentioned in an update shared with Crowdfund Insider, Wealthfront’s new, free-to-use service, Autopilot, will automate… Read More

September 4, 2020 @ 8:48 am By Omar Faridi  |  

CB Insights, a private New York based firm with a business analytics platform and database that offers market intelligence on private companies and investor activities, recently published its Fintech 250 (2020), which is its annual ranking of what it considers the “top” private global Fintech… Read More

September 3, 2020 @ 9:33 pm By Omar Faridi  |  

Banking challenger Branch has teamed up with Fintech solution provider Plaid to offer users access to real-time data across their applications. Instead of taking several business days for financial transactions to appear on various apps, the new integration should allow service providers to send transaction… Read More

September 3, 2020 @ 9:31 pm By Omar Faridi  |  

San Francisco-based Fintech Brex, a company that says it’s “reimagining” financial systems for high-potential or growing businesses, has teamed up with SAP Concur so that Brex customers are able to automatically update and reconcile their corporate card expenses by using Concur Expense. Brex claims that… Read More

September 2, 2020 @ 9:45 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase is planning to add Celo (CELO), the native digital currency of an open-source platform that aims to make financial tools accessible to anyone with a smartphone or mobile device. Celo will only be offered on Coinbase Pro, which is the… Read More

September 2, 2020 @ 1:26 pm By Omar Faridi  |  

InComm, an established payments technology firm, and Current, a US-based challenger bank serving Americans who have been “overlooked” by traditional financial service providers, have introduced a product that will allow Current members to make cash deposits to their accounts at major physical store locations across… Read More

September 1, 2020 @ 11:21 pm By Omar Faridi  |  

Pakistani Fintech firm Safepay recently received an investment from Y Combinator and it’s now planning to become “the Stripe of Pakistan.” Karachi-headquartered Safepay has notably become the first Pakistani Fintech to complete Y Combinator’s program for startups. The company was reportedly a part of YC’s… Read More

September 1, 2020 @ 4:18 pm By Omar Faridi  |  

Bank of America (NYSE: BAC), a US-based money center bank and financial services company headquartered in Charlotte, North Carolina, reportedly has over 66 million retail customers. The bank reveals that it handles over 10 billion user interactions per year and claims that 97% of them… Read More

August 31, 2020 @ 8:15 pm By Omar Faridi  |  

  We recently caught up with Kendrick Nguyen, the co-founder and CEO of Republic, a leading US-based investment crowdfunding platform. He is also a founding director of the Association of Online Investment Platforms (AOIP). In July 2020, Republic added 30 more venture partners to its… Read More

August 30, 2020 @ 5:00 pm By Omar Faridi  |  

David Dias, research engineer at Protocol Labs and the drand project lead, along with Nicolas Gailly, research scientist at Protocol Labs and the original author of drand, recently explained how they’re developing randomness solutions that are able to generate random numbers. This is important because… Read More

August 30, 2020 @ 2:44 pm By Omar Faridi  |  

Gabriel J. Shapiro, a US attorney focused on mergers and acquisitions (M&A), venture, governance, Infosec, and digital assets, is arguing that it’s pretty much “pointless” to be a lawyer in the crypto and blockchain or distributed ledger technology (DLT) space. He points out that professionals… Read More

August 28, 2020 @ 8:03 am By Omar Faridi  |  

The European Central Bank (ECB), the reserve bank of the Eurozone, which is a monetary union of 19 EU member states which employ the Euro, has noted that there doesn’t seem to be an EU challenger that’s capable of matching the capabilities of Big Tech… Read More

August 27, 2020 @ 11:40 am By Omar Faridi  |  

Fintech company Affirm, which aims to offer a more flexible and transparent way to make digital payments, revealed on August 26, 2020 that it has teamed up with David’s Bridal, a US-based bridal and special occasion authority. Affirm and David’s Bridal are allowing qualified or… Read More

August 27, 2020 @ 7:21 am By Omar Faridi  |  

Germany-based digital bank N26, which offers a mobile banking platform, is celebrating its one year anniversary in the US with almost 500,000 customers. As mentioned in a release shared with Crowdfund Insider: “Since announcing its public US launch in partnership with Axos Bank in August… Read More

August 26, 2020 @ 7:35 am By Omar Faridi  |  

Brooklyn, New York based ConsenSys, a blockchain software company focused on Ethereum (ETH) development, has acquired JPMorgan’s (NYSE: JPM) Quorum, which aims to serve as an enterprise-variant or version of the Ethereum protocol. As mentioned in a release shared with CI, even before the first… Read More

August 25, 2020 @ 11:33 pm By Omar Faridi  |  

A new, 100,000 square feet building dedicated to the latest Fintech solutions will be established at the University of Delaware’s Science, Technology and Advanced Research Campus (STAR) in Newark. The initiative will be supported by Cinnaire’s $9 million New Markets Tax Credit (NMTC) allocation, which… Read More

August 23, 2020 @ 4:30 pm By Omar Faridi  |  

The COVID-19 outbreak has created various socio-economic challenges and has also accelerated the shift towards all-digital platforms and services. Fintech adoption is one the rise, globally, due to what many consider permanent changes in consumer behavior. Individuals and businesses are conducting more online transactions instead… Read More

August 21, 2020 @ 4:34 pm By Omar Faridi  |  

Bitcoin.com, a website that encourages people to use Bitcoin Cash (BCH) and claims that more than 11 million cryptocurrency wallets have been opened via its platform, reveals that it will be working with Cred. San Francisco-based Cred is a blockchain-powered licensed lender that was founded… Read More

August 19, 2020 @ 11:38 pm By Omar Faridi  |  

Numeraire (NMR) is a hedge-fund that crowdsources predictive-trading algorithms while holding weekly competitions. As explained by Gemini, Numeraire aims to redefine prediction-model-building by carrying out weekly tournaments that reward data scientists for creating “high-performing” trading models. Data scientists provide prediction models developed on top of… Read More