Category: digital currencies

The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions of wealth. The downfall of his crypto empire — which filed for bankruptcy on Friday along with his resignation — means assets owned by the mogul once likened to John Pierpont Morgan have become worthless.…

Warren Buffet, who has a way with words, said only when the tide goes out can you see who has been swimming naked. During 2022 the tide has been out in a tough bear market and FTX has been swimming naked. So I decided to dig in and try to get some perspective amid all…

Before jumping into the content of this post, I’d like to recognize and thank our military veterans and their families for their continued sacrifice. The Association of Military Banks of America (AMBA) is launching a new debit card called the Patriot Card. The card is launching in partnership with digital accounts and payment processing company…

Is Musk’s Twitter deal such a good idea? Interesting story from The Daily Telegraph questioning the wisdom of the controversial takeover by Elon Musk of Twitter. This saga began in April this year there have been many twists and turns along the way.  However, the biggest must be the seismic changes in the capital markets…

Apiture, a digital banking solutions provider, launched its Data Engage solution this week. The new offering helps financial institutions access data-driven insights into how their customers are using Apiture’s digital banking platform. Data Engage was made possible courtesy of a partnership between Apiture and Pendo. Both companies are based in North Carolina and made their…

J.P. Morgan Payments and Mastercard partnered to launch Pay-by-Bank, an ACH payment tool that leverages open banking. Billers who offer consumers an option to a pay via ACH can integrate Pay-by-Bank into their existing payments page. Pay-by-Bank is currently in a pilot phase with a small number of U.S. billers, but will be rolled out…

Activist investor Petrus Advisers is amping up the pressure on banking software maker Temenos AG, calling on the chairman and chief executive officer to resign and the rest of the supervisory board to start a strategic review including a potential sale. Max Chuard “is far out of his depth in a CEO role and should…

Wealth tech giant Envestnet continued its tech modernization efforts in the third quarter, boosted by new partnerships, product launches and footprint expansion plans. As the Berwyn, Pa.-based company grew, its revenue, users and ultimately expenses in Q3 all inched up year over year: Envestnet’s total revenue inched up 1% to $306.7 million; The tech company’s…

Risk decisioning platform Provenir is collaborating with mobile data intelligence provider Sekura to enhance fraud protection in the financial services industry.  The partnership gives Provenir’s clients — including buy-now-pay-later startup Zilch, Marcus by Goldman Sachs, and SoFi — access to a suite of identity verification, anti-fraud and online authentication services through global mobile operators via…