Category: digital currencies

Illuma Labs, maker of the Illuma Shield voice verification platform, raised new funding this week from NYCUA and UsNet. The amount of the investment was not disclosed. The funding comes one year after Illuma Labs secured $2.5 million in funding from the Curql Fund. This week’s funding comes one month after the company partnered with…

The notion that the cryptocurrency industry has near-magical powers to pay out yields that dwarf those found in the traditional financial world without much added risk is undergoing a rapid and painful reality check. The Terra Luna stablecoin logo on a smartphone Photographer: Gabby Jones/Bloomberg Barely a month after the dramatic collapse of the Terra blockchain, whose Anchor protocol…

Electronic payment transactions in the EU generally need to be accompanied by information about the payer and payee. EU lawmakers are now debating how to extend this requirement, known as the “travel rule”, to combat money laundering via cryptoassets. The proposals have raised concerns in the industry about how cryptoasset service providers could comply with…

The number of women in the fintech space has grown over the last year, and while this is an achievement, so much more can still be done to ensure this is not just a trend that fades away, but a continuous change that helps diversify and make the financial industry more inclusive. Looking to highlight…

This is a sponsored article by Kim Minor, Senior Vice President Global Marketing at Provenir. To compete successfully in our digital-first, instant gratification world, you need a risk-decisioning ecosystem designed to intelligently serve customers. A solution that not only connects every piece of credit decisioning and AI/ML software you own, but also enables you to…

At a time when worldwide funding pools are appearing to run dry, Sequoia India and Sequoia Southeast Asia have launched two new funds, including an early-stage venture and growth fund for India worth an impressive $2billion, and an $850million fund for Southeast Asia.  This funding is part of the venture firm’s enormous efforts to scale…

The Fintech Times Bi-Weekly News Roundup sees a partnership for Trade Ledger and Virgin Money, while Allica Bank secures £55million funding. Partnerships Fintech Trade Ledger has bagged a three year contract with Virgin Money to help transform its business lending services. At the heart of the partnership is the delivery of a digital decisioning platform…