Tagged: us

March 9, 2022 @ 8:36 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, announced that its U.S. customers may send funds “directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S.” Recipients will generally see… Read More

March 9, 2022 @ 3:55 pm By Omar Faridi  |  

Stellar, which claims to be on a mission to offer “unprecedented” access to credit-building and financial tools to underserved communities, has reportedly attracted several investors to finalize an oversubscribed $7 million round. Stellar Founder and CEO, Lamine Zarrad, stated: “We created Stellar to provide credit… Read More

March 8, 2022 @ 8:40 pm By Omar Faridi  |  

Optiver Principal Strategic Investments (PSI) confirmed, earlier last month, that it took part in the Series A funding round for Paradigm, a trading platform for cryptocurrency options and futures. New York-based Paradigm is focused on supporting institutional-level liquidity for cryptocurrency derivatives through their chat-based multi-dealer… Read More

March 8, 2022 @ 3:13 pm By Omar Faridi  |  

Banking institutions appear to be ignoring the problem of fraudulent activities allegedly being carried out via Zelle, a new report reveals, with large financial service providers that founded the service not really caring or concerned about issues with the digital payments platform. Zelle has quickly… Read More

March 7, 2022 @ 10:38 pm By Omar Faridi  |  

Indian Fintech firm CredAvenue has achieved Unicorn status (valued at $1 billion+) after raising funds from Insight Partners, B Capital, Dragoneer Investment Group, and others. The Chennai-headquartered Fintech is now valued at $1.3 billion. The Fintech company plans to use the proceeds to further expand… Read More

March 7, 2022 @ 9:47 pm By Omar Faridi  |  

Airwallex, an international Fintech platform, recently announced its partnership with investing app, Plum, in order to support its cross-border payments and FX requirements. Airwallex was selected as Plum’s international payments and FX partner “to support the launch of Plum’s new stock investing feature that will… Read More

March 7, 2022 @ 3:14 pm By Omar Faridi  |  

Genesis Global, an international financial markets software company “with a difference, offering a fresh approach in software innovation,” notes that its platform powers application development with “the speed, performance & flexibility today’s financial institutions need.” With highly composable and customizable components, financial markets firms can… Read More

March 7, 2022 @ 9:07 am By Omar Faridi  |  

Hong Fang, CEO at digital asset firm Okcoin, notes that it has been a really “tough week” for a lot of us, “especially those who are in Ukraine (and Russia), or have families affected by this invasion and horrible unrest.” Fang writes in a blog… Read More

March 6, 2022 @ 10:00 pm By Omar Faridi  |  

We recently caught up with Abhinav R. Soomaney, Founder and CEO at CryptoTax Pvt. Ltd. He talked about different tax aspects of cryptocurrency and blockchain-related investments. CryptoTax Pvt. Ltd. (CryptoTax) was incorporated in the year 2021 and claims to be the first cryptocurrency tax consultancy… Read More

March 6, 2022 @ 4:16 pm By Omar Faridi  |  

The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

March 3, 2022 @ 8:25 am By Omar Faridi  |  

Goldman Sachs (NYSE: GS) is reportedly moving forward with its embedded finance plans. The investment bank’s collaboration with General Motors (GM) (NYSE: GM). This is the most recent step taken to capitalize on this growing Fintech trend. Goldman Sachs had taken over issuing the General… Read More

March 2, 2022 @ 11:27 pm By Omar Faridi  |  

Wealthtech firm Addepar is pleased to confirm that it has joined the Open Cap Table Coalition, which is a cross-industry group that is focused on enhancing the interoperability, transparency, and portability of “company capitalization data.” Addepar, along with industry professionals from across the tech and… Read More

March 2, 2022 @ 3:19 pm By Omar Faridi  |  

Most US consumers are in enough credit card debt and they might do anything to “go back in time and change the outcome of their financial situation,” according to research shared by Fintech firm TrueAccord. TrueAccord notes that a survey of 2,000 general population Americans… Read More

March 2, 2022 @ 3:04 pm By Omar Faridi  |  

US-based digital asset firm Coinbase Global Inc (NASDAQ: COIN) confirmed that it would continue to block accounts and transfers of Russian customers targeted by US and EU-led sanctions. However, the crypto exchange has stopped short of banning all customers from Russia As reported by Reuters,… Read More

March 2, 2022 @ 3:02 pm By Omar Faridi  |  

The team at HMBradley reveals that they recently detected a cyberattack on their systems. In this type of attack, often referred to as a “credential stuffing attack”, the perpetrator attempts “to gain access to a customer’s account using login credentials illegally obtained from another source.”… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

March 1, 2022 @ 8:43 am By Omar Faridi  |  

Zip Co Limited (ASX: Z1P) and Sezzle Inc. (ASX:SZL) are pleased to confirm that they have entered into a definitive agreement under which Zip has agreed “to acquire Sezzle in an all-scrip transaction by way of a statutory merger under the laws of the State… Read More

February 28, 2022 @ 11:30 pm By Omar Faridi  |  

Globally, 84% of consumers agree that they should “have control of their financial data, and banks should not prevent the movement of money between other financial services.” These are the principles that are the “basic tenets of open banking,” according to an update shared with… Read More

February 28, 2022 @ 10:42 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

February 27, 2022 @ 3:19 pm By Omar Faridi  |  

Fintech firm Tipalti reveals that its clients are now reporting steady growth. Recently, the firm noted that its payment volume increased 2x last year to over $36 billion. The San Mateo based Fintech company assists Amazon Twitch (Nasdaq: AMZN), Roblox (NYSE: RBLX) and other businesses… Read More