Uncategorized

April 17, 2025 @ 8:46 am By JD Alois  |  

The European Central Bank (ECB) has cut its benchmark rates by 25 basis points. The ECB Governing Council said the move was due to an updated appraisal of the inflation outlook while claiming the disinflation process is “well on track.” “Most measures of underlying inflation… Read More

March 17, 2025 @ 11:19 am By JD Alois  |  

In advance of next week’s Spring Statement, Trustfull CEO Marko Maras has shared his opinion that anti-fraud measures should be one of the topics covered by the Chancellor of the Exchequer, Rachel Reeves. Maras says that AI-driven fraud is increasing the amount of fraud perpetrated… Read More

March 17, 2025 @ 9:44 am By JD Alois  |  

Two competitors in the payroll, HR, and payments sector are headed to a court battle, it seems. Via X, Rippling CEO Parker Conrad announced they had filed a lawsuit alleging that Deel cultivated a spy at his company who allegedly stole company information in a… Read More

March 17, 2025 @ 9:21 am By JD Alois  |  

Klarna, a European Fintech, says it will step in and now offer Walmart (NYSE: WMT) customers its buy now pay later (BNPL) service in partnership with OnePay. OnePay is a consumer Fintech backed by Walmart and Ribbit Capital and already used on the Walmart platform…. Read More

March 6, 2025 @ 2:46 pm By JD Alois  |  

The UK Parliament Treasury Committee has issued a statement on the unfortunate occurrences of bank App outages. In early February, the Treasury Committee sent letters to nine bank CEOs demanding information on the size of the problem. At that time, the Committee noted that as… Read More

February 24, 2025 @ 7:59 am By Omar Faridi  |  

Blockdaemon Wallet, introduced in 2023, has been rebranded as Blockdaemon Institutional Vault. According to an update from Blockdaemon, the name change reflects the platform’s continued evolution into what is “considered the most secure wallet available for institutional digital asset operations and storage.” Designed to support… Read More

February 20, 2025 @ 3:38 pm By JD Alois  |  

Remitly (NASDAQ: RELY), a payments and transfers Fintech, reported Q4 earnings results yesterday and the company said that it generated “record” revenue of $351.9 million an increase of 33%. At the same time, Remitly booked a net loss of $5.7 million, an improvement over Q4… Read More

January 20, 2025 @ 9:05 am By JD Alois  |  

Fundment, a platform for financial advisors targeting High Net Worth (HNW) individuals, has raised £45 million in Series C funding. Fundment was founded by former Blackrock asset manager Ola Abdul. His goal is to leverage proprietary technology that improves the operations of the 500+ firms… Read More

January 15, 2025 @ 11:14 am By JD Alois  |  

When he is not running X, Tesla, or SpaceX, advising the President, or playing video games, Elon Musk is on X sharing information and his opinion on many global topics. Today, like every day, Musk is Xing, but this time, he is seeking developers to… Read More

January 13, 2025 @ 5:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has assessed $45 million in penalties on neobroker Robinhood Securities LLC and Robinhood Financial LLC. The monetary settlement concerns various charges leveled by the SEC at the broker-dealers. Robinhood Securities agreed to pay a $33.5 million penalty, and Robinhood… Read More

January 13, 2025 @ 2:17 pm By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world – US dollar-based USDT, has relocated its business to El Salvador, a central American country that has embraced digital asset innovation. El Salvador has experienced a renewal in its prospects following the election of a… Read More

November 6, 2024 @ 1:22 pm By JD Alois  |  

The British Business Bank has published a report on venture capital activity in the UK. The research states that the performance of UK VC funds declined slightly during the 2023/24 period, matching the US and the rest of Europe. While conditions are said to be… Read More

October 25, 2024 @ 4:10 pm By Omar Faridi  |  

Consumers are not holding back on holiday spending this year – but they are taking a “more deliberate approach” to the purchases they make, according to  research from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The research study,… Read More

October 1, 2024 @ 5:59 am By Tony Zerucha  |  

Recently the United Kingdom’s Department for Business and Trade published its annual Investing in Women Code report. It finds that venture capital fund managers who have signed up to the Code are more likely to invest in female founders. Roughly one in three (32%) of… Read More

September 24, 2024 @ 2:34 pm By JD Alois  |  

TrustToken and TrueCoin have been charged with fraud by the Securities and Exchange Commission (SEC). The news comes on the same day that SEC Chairman Gary Gensler is being grilled on Capitol Hill at a hearing of the House Financial Services Committee. Without admitting or… Read More

September 24, 2024 @ 2:16 pm By JD Alois  |  

Accounting platform LiveFlow says it has closed on a $13.5 million Series A funding round. LiveFlow is a Fintec that powers an accounting automation platform that aims to assist accounting firms and finance departments. The funding round was led by Valar Ventures. Terms of the… Read More

September 20, 2024 @ 10:47 am By JD Alois  |  

Groundfloor, a real estate investment platform, is partnering with Republic to raise growth capital. According to the offering page, Groundfloor is seeking up to $5 million using Reg CF. Investors will be purchasing Series B-3 preferred stock. A minimum of $100 is required with a… Read More

September 4, 2024 @ 1:59 pm By JD Alois  |  

The Commodity Futures Trading Commission CFTC has ordered Uniswap to pay a $175,000 civil monetary penalty in regard to allowing “illegal digital asset derivatives trading.” The CFTC said the enforcement action was part of a broader strategy of targeting DeFi or decentralized finance firms. The… Read More

August 29, 2024 @ 11:55 am By JD Alois  |  

Describing 2023 as a “transformative year for Mintos,” the online investment platform says it is expanding its products for its customers. According to a note from the firm, the multi-asset investment platform, is now offering fractional bonds and ETFs alongside its first business of enabling… Read More

July 30, 2024 @ 12:10 pm By JD Alois  |  

Crypto fraud is an ongoing problem; as quickly as platforms and providers adjust to counter nefarious activity in digital assets, bad actors seem to update their game. Some crypto frauds are legendary in the size of the theft. Xerberus is looking to mitigate crypto fraud with… Read More