1 / 7 Relevant items tagged with #Fintech
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World Banking Giants Join Project Agora to Reengineer Cross Border Payments
[yesterday 8:20 PM] Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining…
CFTC Teams up With SEC to Fight Cryptocurrency Scams
[Sep 14 1:30 AM] The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic…
Ramp Network Expands Crypto Services to All 50 US States
[Sep 10 8:30 PM] Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more…
Accenture invests in Emtech to strengthen CBDC, fintech solutions
[Sep 10 7:21 PM] The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
[Sep 5 5:30 AM] Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need…
Qatar Unveils 2024 Digital Assets Framework
[Sep 2 9:10 PM] Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services…
India’s HDFC Bank Launches New UPI and CBDC Features
[Sep 2 6:30 AM] HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in…
Former Square, Coinbase execs raise $58M for Bridge stablecoin network
[Aug 30 9:21 AM] Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
[Aug 30 7:30 AM] Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African…
Egyptian Fintech Firm Secures $3 Million to Grow Its Credit Services
Mercado Libre launches USD-pegged Meli Dollar stablecoin in Brazil
[Aug 22 7:25 PM] The new stablecoin will provide Mercado Libre customers a new option for managing their finances in Brazil’s volatile economy.
Hong Kong targets noncompliant crypto exchanges in licensing push
[Aug 22 12:25 PM] Hong Kong’s SFC finds deficiencies in some “deemed-to-be-licensed” crypto exchanges, risking their licensing status amid tightened regulations.
DBS Bank pilots blockchain-based government grants
[Aug 22 7:22 AM] The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.
Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
[Aug 21 7:04 PM] The bank services several crypto-friendly financial technology companies.
RBI Report Highlights India’s Central Bank Digital Currency Development
[Aug 21 6:30 AM] India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC…
Hong Kong issues generative AI guidelines for consumer protection
[Aug 20 8:14 AM] The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.
Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa
[Aug 18 3:30 AM] Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale…
Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions
[Aug 15 10:10 PM] Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which…
Hong Kong launches generative AI Sandbox for finance sector
[Aug 14 10:48 AM] The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance.
Ripple and SBI Digital Community Partner to Advance Web3 With XRP Ledger
[Aug 14 7:30 AM] SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming…
IBM’s new ‘Lightweight Engine’ could be a game changer for fintech
[Aug 10 9:13 PM] JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector.
Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account
[Aug 5 5:10 PM] Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means…
Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B
[Aug 1 9:37 PM] Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period.
Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC
[Jul 26 10:36 PM] Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part…
How decentralization could have prevented the global Microsoft meltdown
[Jul 26 6:45 AM] The recent Microsoft failure shows how vulnerable centralized systems are.
Latvia's economic shift: Minister of Economics on crypto law and blockchain innovations
[Jul 25 5:37 AM] Latvia’s Minister of Economics Viktors Valainis shared insights on the country's vision for a tech-driven future and new crypto laws and blockchain initiatives aimed at transforming its economy.
Egyptian Fintech Unicorn Secures $157.5 Million In Latest Funding Round
[Jul 25 5:20 AM] The Egyptian fintech giant MNT Halan has raised $157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships. MNT Halan Targets…
Revolut secures UK banking license after three-year wait
[Jul 25 3:24 AM] Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.
Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries
[Jul 24 1:33 PM] The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers…