United Fintech snaps up FX risk and data services firm Cobalt
Cobalt is United Fintech’s fifth acquisition since launching in 2020.
Blockchain
Bitcoin Group to buy Germany’s Bankhaus von der Heydt
The deal is expected to close in Q3 2023.
Circle scraps proposed SPAC deal with Concord
Termination of the merger was approved by the board of directors of both Concord and Circle.
Not how, but where: the next payments revolution
The future will bring many metaverse ‘realms’ operating across borders, each with their own digital tokens.
What the FinTech? | S.3 Episode 19 | Canada’s evolving banking landscape
In this episode, we’re joined by Amreen Sodhi, head of digital product, payments and loyalty at Scotiabank.
FinTech Futures Jobs: Three fintech careers to consider for 2023
Explore thousands of open roles on the Fintech Futures Job Board today.
Keyrock lands $72m in Series B funding round
Keyrock plans to invest in infrastructure development and regulatory licensing.
The great convergence ‒ the encroachment of DeFi into CeFi
Is adopting DeFi concepts in CeFi systems with central governance going in the right direction?
Aussie crypto exchange Swyftx to lay off 90 employees
The layoffs follow a round of job cuts in August that saw its workforce reduced by 21%.
FinTech Futures: Top five stories of the week – 2 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Banque de France and Banque centrale du Luxembourg conduct wholesale CBDC test
The test shows “how digital assets can be issued, distributed and settled within the Eurozone in a single day”.
FinTech Futures Jobs: Five reasons why remote work might not be right for you
Explore thousands of open roles on the Fintech Futures Job Board today.
Crypto exchange Kraken to lay off 30% of staff as it looks to weather crypto winter
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
From eID wallets to soulbound tokens: future-proofing digital identity
The next five to seven years will usher in a completely new era of digital IDs.
Two suspects arrested in Estonia accused of $575m crypto fraud
Both defendants appeared in court in Tallin and are being held pending extradition to the US.
ADDX sells stake in digital asset platform CYBAVO to fintech Circle
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
Private market exchange ADDX bags $20m in expanded pre-Series B
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
How blockchain technology is opening up fractional investing
Blockchain tech can power access to alternative assets such as art, real estate and wine.
Ireland is emerging as a global hub for payments
Ireland has become the EU/EMEA headquarters for many leading firms in the fintech and payments space.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Blockchain intel firm TRM Labs scores $70m expanded Series B
TRM will use the cash to invest in product development and new hires to meet growing demand for its services.
Binance nixes mooted FTX acquisition deal
In a tweet, Binance says “we have decided that we will not pursue the potential acquisition of FTX.com”.
Binance signals intent to acquire rival crypto exchange FTX
FTX’s CEO wrote on Twitter that a “strategic transaction” has been hashed out with Binance, pending due diligence.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
Dubai’s Pyypl lands $20m Series B as it eyes regional expansion
The round saw participation from new international investors and 10 existing investors.
Goldman, MSCI, Coin Metrics partner for digital asset taxonomy framework
Datonomy is a standardised way to help market participants view and analyse the digital assets ecosystem.
FinTech Futures: Top five stories of the week – 4 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Decentro, Sidekick and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
DFSA introduces new “crypto token regime” to boost digital asset regulation
The DFSA says it is a “progressive regulator” that recognises the growing interest in crypto.
RBI launches pilot for digital rupee wholesale CBDC
The use case of this pilot is the “settlement of secondary market transactions in government securities”, RBI says.
MoneyGram expands Coinme partnership, launches in-app crypto service
Users across nearly all US states can now trade and store BTC, ETH and LTC in the MoneyGram app.
UnionDigital Bank taps Thought Machine and Callsign to power its mobile app
UnionDigital Bank will deploy Thought Machine’s Vault Core solution and Callsign’s digital ID platform.
Blockchain.com partners Visa and Marqeta to launch crypto debit card
The card is available to US residents and will be rolled out to customers in additional countries starting in 2023.
The innovation failure
Understanding why innovation fails helps us innovate in a way to minimise the risk of failure.
Nubank set to launch its own cryptocurrency on Polygon’s blockchain
Nucoin, Nubank’s very own cryptocurrency, is expected to launch in the first half of 2023.
Mastercard to enable banks to offer crypto trading services with new solution
Named Crypto Source, the new offering is being developed in partnership with Paxos.
Video: ING at Sibos 2022 – Interoperability in trade finance
We chat with Lynn Ng of ING about whether cross-platform interoperability in trade finance is possible.
Crypto-powered banking platform BVNK secures Spanish digital asset registration
BVNK is looking to expand across the European Union and beyond.
