Tagged: us

August 22, 2022 @ 6:17 am By Omar Faridi  |  

‍The National Football League (NFL), the NFL Players Association (NFLPA), and Dapper Labs Inc. recently announced that NFL ALL DAY – the “exclusive” digital video highlight NFT platform – “is officially open and available to fans worldwide, just ahead of the 2022 NFL season.” Joe… Read More

August 21, 2022 @ 8:02 pm By Omar Faridi  |  

The team at Gemini are pleased to announce the launch of Gemini Staking, which allows you to seamlessly “receive staking rewards in [their] Gemini account.” As of August 18, you may “start staking MATIC on the Polygon network.” Ethereum (ETH), Solana (SOL), Polkadot (DOT), and… Read More

August 19, 2022 @ 3:47 pm By Omar Faridi  |  

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, announced it has partnered with Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace, “to offer AI-powered personal loans nationwide.” Charles… Read More

August 18, 2022 @ 7:38 pm By Omar Faridi  |  

Currencycloud, a Fintech firm focused on simplifying business in a multi-currency environment, has partnered with Future FinTech Labs (FTFT Labs) in order to introduce the remittance app Tempo, which provides US-based immigrants a secure and cost-effective way to send funds. Tempo facilitates fund transfers to… Read More

August 18, 2022 @ 8:57 am By Omar Faridi  |  

Social investment platform eToro is expanding its presence in the United States after entering a definitive agreement to acquire options trading platform Gatsby for approximately $50 million. EToro had filed with the US Securities and Exchange Commission (SEC) for regulatory clearance back in December 2021…. Read More

August 17, 2022 @ 9:39 pm By Omar Faridi  |  

The Federal Reserve Board on Monday (August 15, 2022) announced final guidelines that establish “a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services.” The final guidelines are substantially “similar to… Read More

August 17, 2022 @ 2:46 pm By Omar Faridi  |  

MX, a firm focused on the Open Finance ecosystem, recently announced that Guild Financial, an investing platform helping the U.S. military community, is “leveraging MX to enable military service members, veterans, and their families to easily and securely connect financial data to help them build… Read More

August 17, 2022 @ 2:17 pm By Omar Faridi  |  

SigFig, a key player focused on enterprise financial technology that develops next-generation products for banks and wealth management firms, announced the appointment of Amanda LaFerriere, a “results-driven” product executive, as Chief Product Officer and Clifford Schoeman, a strategic executive “with extensive knowledge of wealth management,… Read More

August 17, 2022 @ 8:27 am By Omar Faridi  |  

Focused Labs, a digital transformation consultancy and software development firm,  announced it has joined the Stripe Partner Ecosystem “to help enterprises modernize their payment systems and deliver better customer experiences at check-out.” Focused Labs and Stripe, a financial infrastructure platform for businesses, will “help customers… Read More

August 16, 2022 @ 3:13 pm By Omar Faridi  |  

The early stages of the COVID-19 pandemic were a “hive of activity” for small businesses, with a striking 53% jump in applications to start new companies, according to an update from Fundbox. Now macro economic factors, from inflation to staffing shortages, “are posing significant challenges… Read More

August 16, 2022 @ 12:07 pm By Omar Faridi  |  

The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022. Highlights from the Prosper Performance Update – July 2022 are as follows: In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.” Average loan… Read More

August 15, 2022 @ 11:27 pm By Omar Faridi  |  

BNPL Fintech Affirm (NASDAQ: AFRM) CEO Max Levchin recently noted that the next recession could silence Fintech lender’s doubters or critics. With shares of the Buy Now, Pay Later (BNPL) Fintech down over 75% from November 2021, Max Levchin said the company’s innovative lending models… Read More

August 14, 2022 @ 3:57 pm By Omar Faridi  |  

Digital asset firm Okcoin announced that they’re supporting two new Bitcoin development initiatives: Vinteum and Qala. As mentioned in the update, Okcoin has now “funded $1.5 million worth of Bitcoin open source efforts.” They’re a founding supporter of Vinteum, a new Bitcoin R&D center in… Read More

August 14, 2022 @ 3:17 pm By Omar Faridi  |  

Astra, a provider of instant card-to-card funding as a service in the US, recently announced it is using Visa Direct – which is Visa’s real-time payments service – “to provide fast payments to millions of its end-users who can fund cards, wallets, and other accounts… Read More

August 13, 2022 @ 10:53 am By Omar Faridi  |  

BlackRock (NYSE: BLK) has introduced a private trust providing institutional customers in the US with direct exposure to Bitcoin (BTC). The world’s largest asset manager confirmed the release of the new product in a blog post, however, the firm has not yet provided extensive details…. Read More

August 13, 2022 @ 10:45 am By Omar Faridi  |  

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

August 12, 2022 @ 11:36 am By Omar Faridi  |  

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

August 11, 2022 @ 12:47 pm By Omar Faridi  |  

Unit, the banking-as-a-service platform that empowers companies to embed financial services into their products, announced a partnership with Thread Bank, a digital-first bank based in Rogersville, Tennessee. Companies will now be able to “embed a complete set of banking services into their products—including accounts, cards,… Read More

August 11, 2022 @ 8:49 am By Omar Faridi  |  

The Bank of London, which claims to be the first “purpose-built” global clearing, agency, and transaction bank, recently announced its intention to expand its United States footprint by “opening its US Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by… Read More

August 10, 2022 @ 7:47 pm By Omar Faridi  |  

Western Union (NYSE: WU) recently announced an update to its existing partnership with Visa (NYSE: V), expanding its integration with Visa Direct, Visa’s real-time1 money movement network, “into Western Union’s United States network.” Western Union’s integration with Visa Direct was “initially activated across Europe, allowing Western… Read More