Business Owners Gain ‘Restored Confidence’ as UK Economy Grows 0.3% in January
- 3 years 7 months ago
- Infrastructure
The UK economy grew 0.3 per cent in January, according to official figures, rebounding following fears of a prolonged recession. Britain’s gross domestic product (GDP), a key measure in economic performance, rose at the start of 2023, bouncing back due to factors such as the end to postal strikes and the return of children to schools.
Digital Identity RegTech Socure Secures $95 Million Credit Facility with J.P. Morgan, Silicon Valley Bank and KeyBanc Capital Markets
- 3 years 7 months ago
- Fundraising News
Socure, the leading provider of digital identity verification and fraud solutions, today announced it has entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets.
Web3 Startup Tweed Raises $4M in Seed Round
- 3 years 7 months ago
- Fundraising News
Tweed, a plug-and-play white-label wallet and payment solution to support any web2 platform tapping into the web3 space, today comes out of stealth to announce it has raised a $4m seed funding round led by Accel. Communitas Capital Partners and Zero Knowledge Ventures also participated in the round alongside angel investors including Sorare CEO Nicolas Julia, ex-Venmo COO Mike Vaughan, ex-JPMorgan executive Ameet Patel and ex-SunGard CEO...
KARM Legal Releases Report Assessing Regulatory Framework for Virtual Assets
- 3 years 7 months ago
- Asset Management
KARM Legal Consultants, a leading law firm specializing in Blockchain, Cryptocurrency, Web3 & Fintech in the UAE has, in collaboration with prominent legal experts - Mr. Eric Hess (Hess Legal Counsel), Mr. Jonathan Geen, Mr. Andreas Glarner (MME) and Mr. Thomas Nagele (Nagele Attorneys) and the regional Blockchain Ecosystem Crypto Oasis, published a new report analyzing the regulatory landscape for virtual assets in various jurisdictions.
Orion Innovation Acquires Banktech Software Services
- 3 years 7 months ago
- Banking
Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the acquisition of
Fintech Application Period Kicks Off for ICBA ThinkTECH Accelerator
- 3 years 7 months ago
- FinTech StartUps
The Independent Community Bankers of America® (ICBA) officially kicked off its application period for the initial 2023 ICBA ThinkTECH Accelerator program, with a focus on deposit gathering and retention, and real-time/instant payment solutions. Interested fintechs are encouraged to apply by March 17.
Aevi Selects OvationCXM to Transform Digital Payment Customer Experience
- 3 years 7 months ago
- Payments
OvationCXM, a global leader in customer experience management (CXM), today announces that Aevi is expanding into North America and has selected OvationCXM as its CXM provider to elevate the digital payments customer experience. The strategic partnership delivers the ultimate personalized payment merchant experience for wholesale ISOs, ISVs, agent banks and more.
Fintech Pioneer Railsr Announces Sale to Consortium led by D Squared Capital
- 3 years 7 months ago
- Alternative Finance
Railsr, the embedded finance platform, has today announced that it has been purchased and re-capitalised by a consortium, led by D Squared Capital, and that a change of control has been agreed with the Financial Conduct Authority in the UK. This ensures business continuity for Railsr's customers, and more than five million end-users. Railsr will remain headquartered in the City of London.
Panel selects Clausematch for Investment Management Association Engine Innovator Programme
- 3 years 7 months ago
- RegTech
Clausematch, a technology company developing solutions for regulatory compliance, was selected today to join the sixth cohort of the Investment Association (IA) Engine Innovator Programme. The announcement was made at the EmTech Global Conference, held in London earlier Thursday.
Sell-side Execution Executives Call for Regulatory Response to Market Data Fees
- 3 years 7 months ago
- Data
Senior executives managing execution desks across the sell-side back a regulatory response to halt the increase in market data fees, the latest Acuiti Sell-Side Execution Management Insight Report has found. The report, which is based upon a quarterly survey of the Acuiti Sell-Side Execution Expert Network, a group of senior executives from across the globe, found that 47% of the network thought that market data costs were “far too high”, with...
HMBradley Partners with Thought Machine to Usher in the Future of Banking
- 3 years 7 months ago
- Banking
HM Bradley, Inc (“HMBradley”), a financial technology platform built to reward savers, today announced a strategic partnership with Thought Machine, a leading provider of banking technology. The partnership enables HMBradley to eliminate its waitlist and open new accounts for the first time in over 16 months. HMBradley has also partnered with New York Community Bank, a division of Flagstar Bank, N.A. (“NYCB”), which will maintain the customer...
GoLogiq’s GammaRey Merger Paves Way for Two Potential Major FinTech Acquisitions with Aggregate Assets Under Management Exceeding $10 Billion
- 3 years 7 months ago
- Asset Management
GoLogiq, Inc., a U.S.-based global provider of fintech and consumer data analytics, reports that its recently completed merger with GammaRey has enabled the company to now pursue two major f
Xapo Bank Becomes the First Bank to Offer Near-Instant Bitcoin Payments On the Lightning Network Powered by Lightspark
- 3 years 7 months ago
- Bitcoins
Xapo Bank, a leading Bitcoin custodian and licensed private bank, has partnered with Lightspark and integrated with the Lightning Network to enable lightning-fast Bitcoin payments for its customers.
NICE Actimize 2023 Fraud Insights Report Reveals Attempted Fraud Transactions Have Increased By 92% Over Previous Year
- 3 years 7 months ago
- Fraud Detection
NICE Actimize, a NICE business, has released "The 2023 NICE Actimize Fraud Insights Report" that delves deeply into the banking and payments landscape and uncovers the most pressing threats and patterns impacting financial institutions.
TÜV Rheinland Certifies Carbon Emissions for Alibaba Cloud’s Customers
- 3 years 7 months ago
- Cloud
TÜV Rheinland and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, have launched a new initiative to support Alibaba Cloud‘s customers in achieving their sustainability goals. Both companies have now signed a memorandum of understanding to this effect. As a result, companies that use Alibaba Cloud’s ‘Energy Expert’ service will be able to have their carbon emissions verified and certified by TÜV Rheinland experts...
