Tagged: us

September 21, 2023 @ 3:17 pm By Omar Faridi  |  

Percent, the private credit platform that has created the modern credit marketplace, announced a new partnership with a US-based, alternative credit investment manager focused on uncorrelated income-generating assets in niche markets. Through this partnership, an asset-backed warehouse facility “has been established, enabling Percent to bring… Read More

September 21, 2023 @ 8:53 am By Omar Faridi  |  

Cross-border payments company bridge21 announced its partnership with Bitso, the Financial Company powered by Crypto in Latin America, in order “to expand their support for local payments from the US, throughout Latin America.” According to a report, the overall cross-border payment market “stood at $176.5… Read More

September 20, 2023 @ 10:11 pm By Omar Faridi  |  

Brex, the unified global spend platform, announced the launch of Brex Assistant, a proactive assistant that simplifies expense management for employees and improves their productivity. Brex Assistant is the flagship product of Brex AI, “a suite of capabilities that transform spend management to enable unprecedented… Read More

September 20, 2023 @ 9:59 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced a collaboration with Microsoft in order “to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.” Hosted in the Microsoft Azure environment,… Read More

September 20, 2023 @ 7:49 pm By Omar Faridi  |  

The INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced the official launch of Nabatech, the joint venture created in partnership with SICPA, a global figure in authentication and secure traceability solutions. Nabatech is a direct result of INX and SICPA’s collaboration… Read More

September 18, 2023 @ 11:52 am By Omar Faridi  |  

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, the team at J.D. Power notes. According to the J.D. Power 2023 U.S…. Read More

September 17, 2023 @ 6:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The report finds that a focus on faster payment rails “represents a significant market… Read More

September 17, 2023 @ 4:45 pm By Omar Faridi  |  

Betterment, the largest independent digital investment advisor in the U.S., announced today the launch of a new Bitcoin/Ethereum Portfolio as part of the Crypto Investing by Betterment suite. The portfolio provides direct access to the two largest cryptocurrencies in the market for investors who are… Read More

September 17, 2023 @ 3:56 pm By Omar Faridi  |  

Netcapital Inc. (Nasdaq: NCPL), a digital private capital markets ecosystem, announced financial results for the first quarter of fiscal year 2024 ended July 31, 2023. Martin Kay, CEO of Netcapital Inc., said: “We are delighted to announce a very strong quarter for our funding portal,… Read More

September 16, 2023 @ 9:30 am By Omar Faridi  |  

The US Treasury’s proposed ‘broker’ rules expand surveillance “well beyond a ‘third party doctrine’ that’s already stretched thin,” according to the team at Coin Center, a crypto policy think tank. Peter Van Valkenburgh, Director of Research at CoinCenter, Board Member at the Zcash Foundation, notes… Read More

September 15, 2023 @ 12:17 pm By Omar Faridi  |  

US-headquartered crypto firm Ripple recently stated that it intends to keep fighting the current lawsuit with the US Securities and Exchange Commission (SEC). The dustup with the regulator is emblematic of the broader challenges digital asset firms face in the US as the SEC has… Read More

September 15, 2023 @ 10:55 am By Omar Faridi  |  

MX Technologies, Inc., which claims to be an industry leader in Open Finance, announced it has named Michael Whitacre as Chief Commercial Officer, effective October 2, 2023. Michael brings more than 30 years of experience “leading world-class revenue and sales organizations focused on helping financial… Read More

September 15, 2023 @ 8:52 am By Omar Faridi  |  

Certain executives working at the US division of Binance are reportedly leaving at a time when the crypto firm is struggling with heightened regulatory scrutiny, the WSJ reported this past Thursday, citing sources familiar with the issue. Krishna Juvvadi, head of legal, and Sidney Majalya,… Read More

September 15, 2023 @ 8:23 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $33 million Series D extension. The funding was led by QED Investors “with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its… Read More

September 14, 2023 @ 3:02 pm By Omar Faridi  |  

Wealthfront clients have reportedly earned over half a billion dollars in interest year to date from our high-yield Cash Account offering 4.80% APY. According to a note from Wealthfront, high-yield accounts have “surged in popularity this year, but not all of these accounts provide the… Read More

September 14, 2023 @ 11:17 am By Omar Faridi  |  

Citi (NYSE: C) announced the acquisition of its Bridge built by Citi® platform (“Bridge”) by Foro Holdings, Inc. (Foro), a Charlotte-based commercial lending services provider. As part of the transaction, Citi contributed Bridge to Foro and “joined Foro’s investors, including TTV Capital (TTV), US Bank… Read More

September 12, 2023 @ 10:00 am By Omar Faridi  |  

The Bitcoin (BTC) and broader digital assets market is experiencing increased volatility. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), notes that Bitcoin (BTC) had “closed last week around $25,850, a 0.5% decrease in price from… Read More

September 12, 2023 @ 8:37 am By Omar Faridi  |  

The month of August has shown “promising growth” on Mintos. As noted in a blog post by Mintos, the total investments saw “a significant increase of €99.5 million worth of Notes funded, and interest earned by investors climbed to €4.3 million.” The average interest rate… Read More

September 11, 2023 @ 11:06 pm By Omar Faridi  |  

Bluevine, the “one-stop” digital banking platform specifically designed for small businesses, today announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x… Read More

September 11, 2023 @ 3:01 pm By Omar Faridi  |  

Although the US Federal Reserve has been increasing interest rates, lenders have also been increasing consumers’ access to credit. Along with opening up a “record” $89 billion in new credit card accounts during the year’s first quarter, banking institutions also boosted spending limits on 18.4… Read More