Category: digital currencies

Direct bank payments company GoCardless plans to acquire open banking data provider Nordigen later this summer in a move to grow its bank payments network, the companies announced Friday. Terms of the deal were not released. Latvia-based Nordigen is a free, open-banking platform that provides access to data and premium insights to more than 2,300…

Tel Aviv, Israel-based ThetaRay announced a partnership with Brazil’s Travelex Bank. Travelex Bank will deploy ThetaRay’s transaction monitoring and sanctions screening solution, SONAR, to enhance its ability to combat money laundering. ThetaRay made its Finovate debut in 2015. The company has raised more than $112 million in funding. Transaction monitoring technology provider ThetaRay will help…

Bank of America recently announced it is extending its multiyear partnership with asset and wealth management investment platform iCapital. The New York-based fintech iCapital provides a digital approach for investors and advisors who are investing their clients’ assets into private funds, offering an automated version of what was once a manual process, iCapital Chief Information…

Here is our pick of the 3 most important Stablecoin news stories during the week. Fiat strikes back! Strengthened and reinvigorated by the chaos in Crypto including stablecoins such as Terra, Asset Managers such as Celsius and Hedge funds such as Three Arrows, the Fiat ecosystem of regulators, central banks and politicians made progress on their…

It’s not surprising that Nicole Olson of State Street has a sense of exploration. It’s central to her work as vice president of digital product development and innovation at the bank, where she leads efforts to solve problems using blockchain and other distributed ledger technologies (DLT). Nicole Olson, vice president of digital product development and…

Chicago, Illinois-based CIBC Bank USA has announced a partnership with Finovate newcomer, Velocity Solutions. CIBC will leverage Velocity Solutions’ Akouba Digital Lending Platform to lower costs, better manage risk, and increase per-loan profitability. Velocity Solutions made its Finovate debut in the fall of 2021. The company acquired the Akouba platform in 2018. CIBC Bank USA…

Intelligent identity solution provider Sontiq has issued a new report on security in financial services. The report, 2022 Digital Safety and Security Report for Financial Services, underscores the importance of engaging customers and members in the fight against cyberfraud. Sontiq made its Finovate debut in the fall of 2021 and was acquired a few months…

Wirex launched a new line of credit, enabling users to borrow stablecoins against their crypto holdings. The new credit offering enables users to access the value of their crypto holdings without needing to sell off their crypto assets. Users can borrow up to $100,000 issued in USDC, USDT and NXUSD in exchange for their BTC…

The following is a sponsored post by Tim FitzGerald, EMEA Financial Services Sales Manager, Intersystems. If the last few years have proven anything, it’s that market volatility will occur with monotonous regularity. Even if we can’t predict the exact nature of the turbulence – whether it’s the impact of geo-political events, pandemics, elections, or disasters…

Back in Fintech’s early days, in 2015, Daily Fintech manually compiled a list of publicly traded Fintech stocks and published it as a snapshot. Today we are releasing an automated solution called Fintech 50 Index,  incubated within Daily Fintech, so that we can cover more stocks and update it regularly. Warning 1; we are not making any…