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Second Mover Advantage: Crypto Council Comments on UK’s Push to Regulate Crypto, Embrace Digital Asset Innovation
Yesterday, the UK government announced that it would assist the crypto industry by providing robust regulation of the emerging innovation. As industry insiders acutely understand, without clearly defined rules, risk increases, generating hesitancy and undermining acceptance of the technology. While policymakers in the US have yet to pursue a similar...
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Web3: ShareRing, a Digital Identity Blockchain Ecosystem, Announces Initial Release of Vault Query Language
ShareRing users and developers will be able to test out the alpha release of ShareRing Vault Query Language (VQL), a web-based platform with a query tool “for retrieving a user’s profile data from [their] ShareRing Vault.”. VQL will benefit Web3 users who are looking “for a self-service, zero-trust...
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Stealth Bank Wise: In Q3 FY 2023, Transfer Volume Rocked by 28% Versus Year Prior Quarter, Highly Profitable
Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive quarter, more than 50%...
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UK Looks to Support Innovation as HM Treasury Plans to Regulate Crypto, Launches Consultation Seeking Industry Input
The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver on Prime Minister Rishi Sunak’s plan to grow the economy while enabling innovation. Crypto assets will be regulated similarly to traditional financial offerings.
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Aurox Introduces Crowdfunding Campaign on tZERO Markets Platform
TZERO, a financial technology company providing transformative market-based solutions for companies, entrepreneurs, and retail & institutional investors, announced the launch of Aurox’s crowdfunding campaign on the tZERO Markets platform. Aurox, a cryptocurrency DeFi-focused software development company, is “seeking to raise capital from the public to continue product development and...
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Top Fintech VC QED Investors Hires Singapore Based Principal to Focus on Southeast Asia Market
QED Investors has appointed Melissa Ho as its lead in Southeast Asia as the Fintech VC focuses on the hot Asian market. QED is one of the leading Fintech venture capital firms in the world. Ho, based in Singapore, will be looking for Fintech firms across stages with an emphasis on early-stage companies.
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UK’s Digital Bank Zopa Secures £75M to Accelerate Growth in 2023
Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.”. The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.”. The proceeds from the...
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HSBC Is Looking for Digital Asset, Tokenization Professionals
The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and Wealth (GPBW) business and both...
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Digital Assets: Securitize Lists Hamilton Lane Equity Fund
Hamilton Lane (NASDAQ: HLNE), one of the largest private markets investment firms in the world, has listed its Equity Opportunities Fund V, on the digital securities platform Securitize. Going forward, Securitize and Hamilton Lane plan to launch two additional feeder funds in the coming months. The digital fund is tokenized...
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Embedded Banking Fintech Treasury Prime Announces $40M in Series C Funding
Treasury Prime, an embedded banking software platform, announced it raised $40 million in Series C funding. The investment round was “led by BAM Elevate with investment from The Banc Funds Company and Invicta as well as continued participation from Series B investors Deciens, QED and SaaStr.”. With this latest...
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ConsenSys Introduces MetaMask Learn, the Next Step in “Democratizing” Web3
ConsenSys, a blockchain technology company, announced its newest initiative, MetaMask Learn. MetaMask Learn is “a free-to-use resource available in 10 languages for anyone interested in learning about web3.” It provides “an interactive MetaMask UI environment to help onboard those new to self-custody, and guides users through the most common topics to help them get started in web3.”
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Mizuho Bank Enhances Core Banking Operations with Oracle
Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan’s largest financial services institutions, is “modernizing its legacy banking system for international operations with Oracle.”. Over the coming years, Mizuho will “implement Oracle’s banking solutions to support critical functions, including...
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Fintech Firm ViewTrade Reports Steady Growth, Anticipates Continued Momentum in 2023
ViewTrade, the force that powers fintech, announced extensive client growth over the course of 2022 as the firm continues to expand, “now serving financial services firms in 26 countries.”. Culminating in the launch of a carrying broker services offering in December, 2022 was a year of tremendous growth for...
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GSS, Silent Eight to Deliver Sanctions Screening for Financial Services
Global Screening Services (GSS) and Silent Eight, have today announced that following a competitive selection process, Silent Eight’s flagship AI technology “will power sanctions adjudications in the GSS platform.”. By implementing Silent Eight’s machine-learning platform (Iris), GSS will “adjudicate false positives while at the same time surface potential...
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Blockchain Intelligence Group Announces Key Business Growth Milestones
Blockchain Intelligence Group, a key player focused on blockchain investigations and training, owned by BIGG Digital Assets, Inc. (CSE: BIGG), announces that it has achieved significant company and industry milestones “in global crypto investigations.”. It added new customers, “including enabler of real-time clearing and Embedded Banking for financial institutions...
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Fintech Moov Secures $45M via Series B Round
Wade Arnold, founder and CEO at Moov, notes that when it started in Fintech, it wasn’t commonly called Fintech yet. They just called it financial services back then. In that previous life, he spent a lot of time connecting “to processors, and a lot of banking cores—42 of them.” And all those hours working on integrations got him wondering, “How do you build a modern payment stack?”
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Digital Asset Firm Kraken Releases Latest Transparency Report
In an effort to lead the industry in “trust” and “transparency” on their mission to accelerate the adoption of cryptocurrency, Kraken is pleased to release its 2022 Transparency Report. The 2022 Transparency Report “provides a summary of how they protect their clients’ privacy and financial freedom...
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Yobi, the AI enhanced Communication App for SMBs, Announces $2.37M Seed Funding
Yobi, the AI-focused customer communications app catering specifically to the small business community, announced that it has raised a total of $2.37M as part of its oversubscribed seed round. The funds from the investment round will “support company operations, team expansion and product innovation.”. The capital will “go toward...
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DealMaker Sues Issuance and Co-Founder in Dispute Over Capital Raising Technology
DealMaker, a tech-enabled capital raising platform, has sued Issuance – another firm engaged in raising capital for private firms, in the US District Court, Central District of California. DealMaker is based in Canada but has several offices in the US. According to the complaint, Issuance CEO and co-founder Darren...
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Eventus Introduces Validus AML (VAML), an Anti-Money Laundering Solution to Combat Financial Crime
Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, announced the broad introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform aimed at “helping firms in both the traditional finance and digital asset space combat financial crime.”. The new Cloud-based Validus AML...
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