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.
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Understanding the CLARITY Act’s Impact on Digital
The CLARITY Act (HR 3633) is gaining momentum in the House. A recent hearing discussed its potential impact on the future of digital assets. The legislation aims to establish a robust regulatory ecosystem. This ecosystem will not only stimulate digital asset innovation but also offer adequate protection for consumers. Moreover, the legislation is all-encompassing. The…
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Canada’s Fintech Industry Faces Stricter Green
In a significant development for Canada’s fintech industry, companies now face stricter regulations related to environmental claims. This shift is a result of recent amendments to the Competition Act, announced by the National Crowdfunding & Fintech Association (NCFA Canada). These changes, implemented through Bill C-59 in June, hold considerable implications for all fintech businesses in…
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Brazil’s Shift to Pix and Card Payments
In 2024, a significant change occurred in the payment preferences of Brazilians. A recent report from the Banco Central do Brasil (BCB) reveals that the Brazil Pix card, along with other payment cards, has become the most favoured payment instrument in the country. This enormous shift in the payment landscape underscores Brazil’s rapid adoption of…
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French Regulator Scrutinises Mobile Investment Apps
Recently, the Autorité des Marchés Financiers (AMF) embarked on an exploration of retail investment services offered via mobile investment apps. They scrutinised the apps of 14 financial institutions, with a focus on how easy their client journeys were. AMF’s Investigation: A Deep Dive into Mobile Investment Apps Generally, AMF’s investigation revealed that client journeys on…
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Understanding the CLARITY Act’s Impact on Fintech
The CLARITY Act (HR 3633) is making progress in the House. It aims to set up a regulatory ecosystem for digital asset innovation. At the same time, it also has consumer protection in mind. The Act is comprehensive, covering a broad spectrum of digital asset regulation. Notably, the House Financial Services Committee plays a crucial…
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Canada’s Fintech Sector Faces New Green Rules
In a noteworthy move for Canada’s fintech sector, the Competition Act has recently been amended to impose strict regulations on environmental claims. The National Crowdfunding & Fintech Association (NCFA Canada) reported these changes, introduced via Bill C-59, took effect in June. However, these modifications necessitate fintech companies to adapt to a new regulatory environment. The…
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Brazil’s Rapid Adoption of Digital Payments
By 2024, the Brazilian payment landscape has experienced a major shift. Pix and payment cards have become the preferred methods, as per a recent report from the Banco Central do Brasil (BCB). This shift underscores Brazil’s swift adoption of digital and instant payments, a trend shaping the future of digital payments in Brazil. Firstly, Pix,…
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Bank of England Predicted to Cut Interest
The KPMG UK Chief Economist, Yael Selfin, has recently provided an interesting insight into the future of UK’s finance. She stated that the Bank of England would likely opt for an interest rate cut next month. Furthermore, she expects two more cuts in 2025. According to Selfin, the anticipated rise in pay growth may only…
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Recharge Reports Impressive Sales Growth in 2024
European fintech firm Recharge showcased impressive sales growth in 2024. They reported a remarkable 39% rise in total sales, pushing the figure to a hefty €695 million. As a result, the company’s top-line revenue surged by 32%, reaching a solid €73.6 million. In 2024, Recharge’s performance was exemplary. Not only did the company’s EBITDA increase,…
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Affirm Extends Partnership with DICK’S Sporting Goods
DICK’S Sporting Goods (NYSE: DKS), a leading US sporting goods retailer, recently announced the extension of its partnership with fintech firm, Affirm (NASDAQ: AFRM). The affirm dicks partnership unites two industry leaders: DICK’S, a top sporting goods retailer in the US, and Affirm, a key player in the ‘Buy Now, Pay Later’ (BNPL) market. Initiated…
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Decoding Ethereum’s Regulatory History
Recently, South Carolina’s Congressman William Timmons made a significant statement. He urged Paul Atkins, the new Chair of the Securities and Exchange Commission (SEC), to provide complete transparency. This transparency pertains to Ethereum’s regulatory history. This request comes amidst rumors of the SEC’s past dealings with Ethereum (ETH). These dealings occurred under the leadership of…
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Understanding South Korea’s Resilient Private Equity Sector
In recent years, South Korea has evolved into an innovation hub. Its robust technological infrastructure, coupled with supportive government policies, attracts venture capitalists and private equity investors. However, recent data suggests a subdued venture capital activity. On the other hand, private equity dealmaking showcases a robust trend in the South Korea private market. In their…
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Revolutionising Cross-Border Payments: Thunes Partners
In this era of instant financial transactions, businesses constantly seek innovative solutions. Leading the charge is Thunes. They are global pioneers in cross-border payments for emerging markets. Recently, Thunes announced a significant partnership with Capitron Bank in Mongolia. The main goal of this alliance is to streamline Mongolian market payments. Thunes platform, acting like a…
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Unlocking the Secrets to Successful British SEO
In the ever-evolving technological landscape, potential threats and risks are also continuously escalating. This is especially noticeable in the financial sector, which handles vast amounts of sensitive data daily. As a result, the focus on fraud prevention has significantly increased. In the context of Brazil, the National Confederation of Financial Institutions (CNF) is actively playing…
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Revolutionising Fintech: Netcapital Inc.’s Strategic Acquisitions
The fintech industry is experiencing exponential growth. This surge is mainly due to technological advancements and a move towards digital solutions. Netcapital Inc., a Boston-based fintech company, is a trailblazer in this sector. They are revolutionizing the online investment industry. Their mission is to democratize private capital markets and empower both entrepreneurs and investors. Recently,…
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Understanding Gen Z and Millennial Priorities
In today’s fast-paced digital era, Gen Z and Millennials find themselves navigating uncharted territory. At the same time, they grapple with significant global economic shifts. A recent study by the global consulting firm, Deloitte, provides enlightening insights. More specifically, it delves into how these younger generations are striking a balance between financial stability, personal well-being,…
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ADGM’s Updated Regulatory Framework for Digital Assets
The digital asset market is experiencing a global boom. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) is at the forefront. They have recently updated their regulatory framework. ADGM FSRA is known for its innovative approach to the digital asset space. They have announced the immediate implementation of these changes. These…
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The Digitalisation of Financial Assets
Guggenheim Treasury Services has recently taken a notable step towards the digitalisation of financial assets. In a strategic move, they have entered into a partnership with Zeconomy to issue Digital Commercial Paper (DCP) on the XRP Ledger (XRPL). Crucially, this ledger is a public blockchain which has been specifically designed for the efficient tokenization of…
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Exploring the Launch of Societe Generale-FORGE’s
In a landmark development, Societe Generale-FORGE (SG-FORGE) is on the brink of launch. This innovative venture is a fully integrated subsidiary of the renowned Societe Generale Group. SG-FORGE’s debut will bring forth a novel stablecoin, the USD CoinVertible (USDCV). The coin will function on two of the leading public blockchains, Ethereum and Solana. This bold…
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Revolutionizing Securities Trading: Republic Europe
The secondary marketplace recently took a major leap forward. The trading of securities, once a monthly event, has been revolutionized by one company: Republic Europe Securities. This innovative platform has redefined securities trading by offering continuous trading on its secondary marketplace. Until recently, Seedrs dominated the secondary marketplace. They pioneered the field with monthly trading…