Pave Bank Launches with $5.2M Funding Round for Programmable Money Revolution
- 1 year 2 months ago
- Fundraising News
Banks have vastly evolved over the last 50 years but the underlying global financial system has remained largely the same; obscure and inefficient. The advent of regulated digital assets and programmable money, along with its adoption by central banks around the world offers a root and branch transformation of how value will move around the world.
Tokenized Gold, EURO and Swiss Franc Stablecoins Launch on Solana, Expanding Stable Asset Availability for DeFi
- 1 year 2 months ago
- Cryptocurrencies
VNX, a renowned European player of real-world asset tokenization, has marked a new milestone with the launch of its stablecoins, VNX Euro (VEUR), VNX Swiss Franc (VCHF) and tokenized gold VNX Gold (VNXAU) on the Solana blockchain. The move emphasizes VNX's commitment to broadening the utility and accessibility of stable assets within the digital ecosystem.
Emirates NBD Welcomes R3 to Digital Asset Lab Council
- 1 year 2 months ago
- Infrastructure
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has announced leading enterprise distributed ledger technology and services firm R3 as a key council member of the Digital Asset Lab. R3 will join PwC, a professional services firm, and Fireblocks, a digital asset transfer and direct custody technology platform, as the founding council members of the Lab.
ClearBank Appoints Former Starling Bank and Barclays Executive Megan Cooper as Chief Product Officer
- 1 year 2 months ago
- People Moves
ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced the appointment of Megan Cooper (nee Caywood) as Chief Product Officer.
Nearly Half of UK Consumers Plan to Spend More Online in the Next 6-12 Months
- 1 year 2 months ago
- Personal Finance
Mollie, today unveiled the UK findings from its latest European E-commerce Report. The report highlights how spending and payment behavior has shifted in light of growing inflation and the cost of living crisis. Despite economic challenges, nearly half of consumers believe the economic situation will improve in the short term and expect to spend more in the next year.
Latest Raise Sees RegTech Salv's War Chest Hit €12.1M to Combat Rising APP Fraud in the UK
- 1 year 2 months ago
- Fundraising News
Regtech Salv, with its suite of tools to help banks and service companies fight financial crime, has raised €3.9m in new funding, bringing its capital raised this year to €7.9m and total funding to €12.1m. The round includes investments from new and existing investors and is a testament to a strong year for the Estonian-based regtech, which is on track to double its revenue in 2023 compared to 2022.
Qatar’s Lesha Bank Migrates to Latest Temenos Banking Platform
- 1 year 2 months ago
- Banking
Temenos today announced that Lesha Bank, an investment bank based in Qatar has migrated to the latest Temenos core banking platform to enhance its wealth management and investment banking services. The move enables Lesha Bank, a long-standing Temenos client, to get to the modern API-driven, cloud-native technology and to have access to the latest banking capabilities from Temenos and the Exchange ecosystem.
Mistrust of Technology Exposing a Third of Regulated Firms to Money Laundering - SmartSearch Survey
- 1 year 2 months ago
- AML and KYC
More than a third (36 percent) of people in regulated firms who ‘can’t trust’ electronic ID verification and instead rely on manual checks are leaving their doors open to financial crime, anti-money laundering expert warns. This statistic - from SmartSearch’s 2023 annual survey of 500 compliance stakeholders - has doubled since their 2022 survey, when 18 percent of people said they couldn’t trust the technology.
Bitso Business Enabled US$8 Billion Payment Transactions in 2023
- 1 year 2 months ago
- Transaction Banking
Bitso, the leading financial services company powered by crypto in Latin America, announced that during 2023 reached a 60% growth in its operation of the Bitso Business division, which reached an annualized volume of 8 billion dollars globally. Over the past year, 1,700 institutional clients traded at least once a month through Bitso. Such organizations use Bitso payment rails and blockchain-based technology for mass pay-ins and pay-outs to...
AU10TIX Q3 Global Identity Fraud Report Uncovers 56% Surge in Payment Sector, Correlated with Unprecedented Decline in Crypto
- 1 year 2 months ago
- Fraud Detection
AU10TIX, a global technology leader in identity verification and management, today released its Q3 2023 Global Identity Fraud Report.
Flutterwave Hires World-Class Executives from Paypal, Stripe, and Western Union, Focusing on Risk, Compliance, and Payment Partnerships to Amplify Growth
- 1 year 2 months ago
- People Moves
Flutterwave, Africa’s leading payments technology company, is excited to announce the appointment of several seasoned leaders from prominent financial services companies, including PayPal, Stripe, American Express, First Data, Western Union, and Square. These appointments reinforce Flutterwave's dedication to risk and compliance to continue growing sustainably and successfully expanding globally.
InvesTex Credit Union Partners with Bankjoy to Enhance the Digital Banking Experience for Members
- 1 year 2 months ago
- Digital banking
InvesTex Credit Union has partnered with leading digital banking provider, Bankjoy to provide a world-class online and mobile banking experience for its members.
Locality Bank Lays Foundation for Enhanced Data-Driven Customer Relationships, Supported by Praxent
- 1 year 2 months ago
- Data
Locality Bank, a digital-first community bank, is reinventing local business banking by combining the best of personal relationships with modern technology.
Rapid Finance Extends Availability of Its API-Supported SMB Disclosure Service to Include Georgia and Florida Ahead of New Commercial Financing Disclosure Requirements
- 1 year 2 months ago
- RegTech, SaaS
Rapid Enterprise, a division of
Yabx and Clickatell Collaborate to Launch WhatsApp Lending in Africa
- 1 year 2 months ago
- Lending
Yabx, a prominent player in the digital lending space, is making a significant stride forward by launching WhatsApp lending services in Africa, through a collaboration with Clickatell. The move promises to democratize access to financial services and enable customer
