September 26, 2024 @ 3:50 pm By JD Alois  |  

Anti-Fintech politicians Senator Elizabeth Warren and Senator Chris Van Hollen have forwarded a letter to the Office of the Comptroller of the Currency (OCC), US Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) demanding that bank regulators crack down on Fintechs providing bank-like services. Senators… Read More

September 26, 2024 @ 3:36 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has posted a note on value-referenced crypto assets (VRCAs) – otherwise known as stablecoins. While stablecoins are primarily associated with fiat currency, they can also be tied to other assets. CSA states that registered crypto asset trading platforms (CTPs), as… Read More

September 26, 2024 @ 3:20 pm By Omar Faridi  |  

Nu Asset Management, Nubank’s (NYSE: NU) investment fund manager, announces the launch of Nu Ibovespa B3 BR+ (NBOV11), the first ETF on the market indexed to Ibovespa B3 BR+. The new fund is now available for trading on B3. The Ibovespa B3 BR+ is a… Read More

September 26, 2024 @ 3:18 pm By Omar Faridi  |  

Chainalysis recently shared key insights from its 2024 Geography of Cryptocurrency Report. According to the Chainalysis research report, the MENA region ranks as the seventh-largest crypto market globally in 2024, with “an estimated $338.7 billion in on-chain value received between July 2023 and June 2024,… Read More

September 26, 2024 @ 12:25 pm By JD Alois  |  

Both London and New York City have long been top global financial centers, and both locales have emerged as Fintech leaders. The sheer size of the US market has helped NYC maintain a significant advantage over London in global rankings, but a report shared today… Read More

September 26, 2024 @ 11:42 am By JD Alois  |  

Prime property financing platform CapitalRise says that housing in the Home Counties, areas surrounding London, saw home prices increase by 37% more than homes in the rest of England. The Home Counties are deemed to be desirable areas outside of London. Specifically, house prices in… Read More

September 26, 2024 @ 10:47 am By JD Alois  |  

Aktionariat AG and Taurus SA have announced a partnership on tokenization. Both firms are based in Switzerland – a jurisdiction that has supported Fintech innovation. Aktionariat is a tokenization platform with over 70 tokenized Swiss companies and more than 30.000 users. Its tools include token… Read More

September 26, 2024 @ 10:21 am By JD Alois  |  

R3, a permissioned blockchain provder targeting the enterprise sector, is partnering with Ownera on interoperability solutions for R3’s blockchain Corda. Ownera specializes in digital securities or “tokenized” assets. Ownera seeks to boost distribution and liquidity by connecting tokenized assets, enabling the negotiation and settlement of… Read More

September 26, 2024 @ 9:50 am By JD Alois  |  

As was previously reported, the US Department of Justice (DOJ) has filed a lawsuit against Visa (NYSE:V) claiming uncompetitive practices that stifle innovation while keeping costs high for consumers. A statement by the Competitive Enterprise Institute (CEI) posted this week counters this argument, claiming the DOJ’s… Read More

September 26, 2024 @ 9:39 am By JD Alois  |  

The Digital Lending Association (DLA) says it has elected Patrick Stäuble, founder and CEO of Teylor AG, to its board of directors. Simultaneously, Philipp Kriependorf, co-founder and Managing Director of auxmoney GmbH, and Marco Hinz, Managing Director of CrossLend GmbH, were unanimously re-elected. Tthe DLA… Read More

September 26, 2024 @ 9:06 am By Omar Faridi  |  

The UK economy is said to be at a crossroads with weaker than expected growth to leave less room for the Chancellor in the Autumn Budget. This, according to an update from KPMG. According to KPMG in the UK, this weaker growth is set “to… Read More

September 26, 2024 @ 8:00 am By Omar Faridi  |  

Stablecoins are tokens whose values are pegged to other assets, like commodities or fiat currencies, to stabilize their prices. This, according to a report from CoinGecko. The research report from CoinGecko explains that “by maintaining a peg to a specific fiat currency, asset, or commodity,… Read More

September 26, 2024 @ 7:58 am By Omar Faridi  |  

As summer comes to a close and the nights draw in, new research from NatWest Premier reveals that half (50%) of Brits admit “to overspending, with fear-of-missing-out being the primary driver for 25%.” Furthermore, around one in five agree “that the pressure to keep up… Read More

September 26, 2024 @ 7:56 am By Omar Faridi  |  

Bitpanda and Blockpit are teaming up again to offer Italian Bitpanda users discounted licences and expert advice to help you stay on top of regulation. Using Blockpit can help you understand how “to save when doing your crypto taxes.” Bitpanda has shared key insights in… Read More

September 26, 2024 @ 7:53 am By Omar Faridi  |  

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced in Milano “by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.” Nexi will… Read More

September 25, 2024 @ 7:56 pm By JD Alois  |  

Global online investment platform OurCrowd has appointed a new Chief Operating Officer. Yuval Illuz previously worked at Standard Chartered Bank where he focused on innovation and disruptive technologies, according to Calcalistech. Jon Medved, founder and CEO of OurCrowd, commented on the new hire: We are… Read More

September 25, 2024 @ 7:29 pm By Omar Faridi  |  

The Reserve Bank of Australia (RBA) and Treasury released a report this past week summarising research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury’s current assessment of CBDC issues in Australia. The report also sets out… Read More

September 25, 2024 @ 7:27 pm By Omar Faridi  |  

Priority, the payments and banking Fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform. Passport integrates payments, treasury, and banking services “on a scalable, native platform…. Read More

September 25, 2024 @ 7:25 pm By Omar Faridi  |  

Desia, a system of intelligence and AI productivity for investment professionals, has successfully raised a $3.3 million pre-seed funding round led by Dig Ventures. Alongside Dig Ventures, various VCs participated in the round, “including 2100 Ventures, Vento by Exor Ventures, Octopus Ventures, Foreword Ventures, Plug… Read More

September 25, 2024 @ 7:24 pm By Omar Faridi  |  

The Capchase SaaS Benchmark Report for 2024 has been released. Capchase notes in a new blog post that its third annual SaaS Benchmark Report is officially live. Last year’s report used data from 900 B2B SaaS companies “to define what success looks like in a… Read More