News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
-
NSF and NVIDIA Commit $152m to Develop AI Models
The U.S. National Science Foundation (NSF) and NVIDIA Corp (NASDAQ:NVDA) recently announced a partnership. They have committed a combined total of $152 million to develop open-source artificial intelligence (AI) models. The aim is to accelerate scientific research and strengthen American leadership in AI innovation. The NSF and NVIDIA have each contributed to the $152 million…
-
Refold AI Secures £6.5m for AI-native Service Work Platform
Refold AI recently secured a sizable $6.5 million in funding. This funding will boost the launch of their platform, designed to replace outsourced service work with AI-native infrastructure. Eniac Ventures and Tidal Ventures spearheaded this funding round, with added support from Better Capital, Ahead VC, Karman Ventures, and Z21. With a commitment to revolutionizing the…
-
Citi Institute Examines Social Media’s Role in Finance
The Citi Institute, a division of Citigroup, recently released a report. This report explores how social media platform X is revolutionizing the financial services industry. Titled “Citi Institute Executive Report: The Impact of X on the Future of Finance”, it delves into the evolving digital economy and platform X’s role therein. Recognizing social media’s growing…
-
Coinbase Plans UX Enhancements and Market Expansion in 2025
Coinbase (NASDAQ: COIN), a fintech leader, has announced transformative updates due in Q3 and Q4 of 2025. These updates aim to boost user experience (UX) and market presence. Streamlining account restriction processes and enhancing usability are key parts of this strategy. As digital assets gain importance, Coinbase is working to stay ahead. Their focus on…
-
Refold AI Secures £6.5m to Revolutionise Outsourced Work
Emerging from stealth mode today, Refold AI announces its successful $6.5 million funding round. This technology company aims to revolutionize outsourced service work with AI-native infrastructure. The fresh funding will accelerate this goal, propelling the launch of autonomous agents in various sectors. Eniac Ventures and Tidal Ventures spearheaded the $6.5 million funding round. Other key…
-
Citigroup Report Explores Social Media’s Role in Finance
Within the swiftly evolving digital landscape, Citigroup‘s recent report, Citi Institute Executive Report: The Impact of X on the Future of Finance, delivers a thorough analysis of social media platform X’s transformative effect on the financial services industry. The Citi Institute’s comprehensive study offers key insights into the shifting dynamics of the digital economy. Notably,…
-
Hong Kong Regulators Warn Against Stablecoin Speculation
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly warned against speculative trading. This warning follows the trend of trading driven by stablecoin licensing announcements and social media posts. They noted significant market movements linked to corporate news and social media. Stablecoins, digital currencies tied to a stable asset like…
-
Axiata and Cambodia Ministry Boost Cybersecurity Skills
In a significant move, Axiata Group Berhad, a leading Malaysian telecommunications company, has signed a memorandum of understanding (MoU) with Cambodia’s Ministry of Post and Telecommunications. This strategic alliance aims to bolster cybersecurity capabilities and foster digital talent. It could not only enhance the cybersecurity landscape but also contribute to developing digital skills in Cambodia.…
-
Thailand to Boost Tourism with Cryptocurrency Conversion
Thailand is launching a groundbreaking programme, “TouristDigiPay”, on Monday. It will enable foreign visitors to convert their cryptocurrency into Thai baht for payments. This initiative is part of the government’s efforts to rejuvenate the country’s tourism industry, which has recently seen a slump, especially in Chinese visitors. The Deputy Prime Minister will lead a press…
-
Iwoca and Teya Join Forces to Support European SMEs
iwoca, a European SME lender, has now strategically partnered with Teya, a platform for SME’s financial services. This partnership aims to offer loans to thousands of business owners, providing essential financial support. Indeed, this comes at a time when small businesses across Europe are dealing with the economic impact of the Covid-19 pandemic. Integrating iwoca…
-
SEC Chair Backs Trump’s Crypto-Friendly 401(k) Plans
In a recent development, Securities and Exchange Commission (SEC) Chair Paul Atkins expressed his strong support for President Trump’s executive order. The executive order is set to expand the investment opportunities for 401(k) retirement plans. Notably, the expansion will include cryptocurrencies and private equity. Atkins emphasised the significance of this policy shift during his appearance…
-
Bitcoin Hits New High Bolstering deVere’s $150K Forecast
Bitcoin’s value has hit new record highs this week, trading above $123,000. This surpasses the previous peak reached in July. The surge is driven by factors like institutional buying, corporate treasury adoption, US policy support, and sovereign-level gains. This outstanding performance validates deVere Group‘s prediction. The global financial advisory giant maintains that Bitcoin is on…
-
DealMaker Discusses Crypto Offerings with SEC
DealMaker, a leading online capital formation platform, recently met with the Securities and Exchange Commission (SEC). The agenda? Discussing crypto offerings. As a tech-forward broker-dealer, DealMaker facilitates issuers to raise funds under Reg D, Reg CF, and Reg A. This approach has stirred the fintech sector, facilitating billions in transactions. During the SEC meeting, DealMaker…
-
Prove Introduces Innovative Unified Authentication Solution
Prove, a leader in digital identity solutions, has launched a new authentication solution named Unified AuthenticationSM. This innovative system is designed to recognise customers passively and persistently, regardless of their location or changes in their devices or credentials. Keeping pace with advancements in technology and security is crucial in the fast-moving fintech world. Traditional authentication…
-
Jumio Raises Alarm Over Rising Injection Cyber Attacks
In the rapidly evolving digital world, businesses and consumers face an onslaught of cyber threats. Jumio, a frontrunner in AI-powered identity intelligence, has spotlighted an emerging danger – injection attacks. The company identifies this as a looming challenge in digital identity verification. Injection attacks, a form of cybercrime, involve the insertion of malicious data into…
-
Web3 Forecasts Stable Trading for Bitcoin and Altcoins
The Web3 community recently revealed insights about Bitcoin, Ethereum, and other altcoins’ movement in the crypto market. Their analysis suggests that Bitcoin and the overall crypto market will likely undergo range-bound trading in the next six to eight weeks. They also foresee a limited upside potential in the short term. Bitcoin, the pioneer of cryptocurrencies,…
-
OYAK ANKER Bank Completes Migration to Mambu Platform
Mambu, a prominent cloud banking platform, recently achieved a significant milestone. OYAK ANKER Bank GmbH has successfully modernised and migrated its core banking systems to the Mambu platform. This digital shift signifies a landmark moment for the German banking sector. With Innovance’s coordination, this evolution led to the total replacement of the bank’s old systems.…
-
UK Government Proposes Ban on Ransomware Payments
Recently, the UK government has proposed a ban on certain entities paying ransomware culprits, aiming to curb the escalating threat. This strategy seeks to lessen the significant economic burden of ransomware on the UK, which currently amounts to millions in cyber extortion each year. Ransomware, a harmful software that restricts system access until a ransom…
-
Mesh Secures Funding Boost from PayPal and Coinbase
Emerging as a significant player in the world of fintech, Mesh has announced an influx of additional funding. This comes from an impressive roster of investors, including PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures (venture partner for ByBit), SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures and CE-Ventures. Consequently, the company’s total capital has now…
-
PennantPark and Hamilton Lane Launch Joint Venture
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) and Hamilton Lane (Nasdaq: HLNE) have joined forces to form PennantPark Senior Secured Loan Fund II, LLC (PSSL II). Working alongside Hamilton Lane Senior Credit Opportunities Fund, this partnership offers new investment market synergies. The creation of PSSL II marks a significant step for both companies. They aim…