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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Exploring the New Era of Tokenized Financial Products
Undeniably, the fintech world is abuzz with the latest advancements in tokenization. Black Manta Capital Partners and SBI Digital Markets are leading the charge with their launch of US Money (USMO), a tokenized note. This note, now available for subscription on 21X, is based on the UBS (Irl) USD Sustainable Money Market Fund. Notably, 21X…
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IMF Insights: Rising Global Debt, Bond Market Risks, and AI’s Energy Demands
Recent developments in the global economic sphere are indeed intriguing. For example, the International Monetary Fund (IMF) has highlighted several pressing issues. These include the rising global debt and potential vulnerabilities in government bond markets. Moreover, they pointed out the high energy demands of burgeoning artificial intelligence technologies. The IMF states that public debt is…
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Key Insights from Brightflag’s AI-Powered Legal Management Benchmarking Report
The fintech and legaltech sectors are currently experiencing a revolution. Brightflag is at the forefront of this change with its AI-powered enterprise legal management (ELM) platform. Trusted by global corporate legal departments, Brightflag recently launched a new benchmarking report focusing on outside counsel management. Moreover, this report offers ai-powered legal management benchmarking insights. This report,…
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ADGM and AIFC Partner to Strengthen Data Protection in Fintech Sector
In a significant development, Abu Dhabi Global Market (ADGM) has entered into a data protection partnership with Astana International Financial Centre (AIFC). This partnership is particularly within the fintech sector. Moreover, its purpose is to bolster privacy laws and data protection, which is an essential aspect in today’s digital financial ecosystem. As part of this…
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Understanding EOFY Tax Fears: Insights from the Xero Tax Confidence Index
In today’s interconnected world, finance and technology have become inextricably intertwined. However, understanding tax rules and regulations remains a daunting challenge. For a significant number of Australians, the end of the financial year (EOFY) brings not only uncertainty but also a palpable fear of making tax return mistakes. A recent Xero study confirms this, revealing…
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Schroders Capital Raises $600M for Global Innovation Fund: A Success Story
Recently, Schroders Capital announced a significant success story. They managed to raise over $600 million for the Schroders Capital Private Equity Global Innovation XI Fund. However, it’s not just about the funds raised; this news also underscores their growing influence in the venture capital and private equity sphere. The fundraising initiative, impressively, attracted a varied…
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Sumsub’s Innovative Bank Account Verification Transforming the RegTech Industry
Amplifying the fintech sector’s regulatory technology or regtech, Sumsub revealed its pioneering Bank Account Verification solution. This groundbreaking tool verifies account ownership, provides details on outstanding balance, and fetches a comprehensive transaction history. The objective behind this is to provide businesses with insights and tools that enable them to deter account takeover and payment fraud,…
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Stamp Duty Changes Boost UK Housing Market and Reduce Fraud
The UK housing market has been in the spotlight this year, with a significant increase in its activity. According to an update from UK Finance, this surge is largely attributed to the changes impinged on stamp duty thresholds. The organization’s findings are a strong indicator of the potent influence tax reforms can have on market…
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Revolutionizing Fintech: The Transcard and Thredd AI Partnership
Transcard, a booming player in the fintech industry, announced a pivotal partnership with Thredd AI that is set to take the global market by storm. This strategic alliance is designed to foster the exponential expansion of the SMART Suite – a unique, fully automated, AI-embedded payment orchestration platform. This technological marvel has recently debuted in…
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PayPal Expands into In-Store Payments: A Win for Global Commerce
As technology keeps evolving, online payment platforms such as PayPal are crucial connectors for businesses and consumers worldwide. More recently, PayPal has made headlines by securing strategic partnerships with multiple Germany-based businesses. This initiative reflects the company’s broader strategy to expand into in-store payments across the world. This move comes on the heels of an…
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Guarding Crypto Assets: Navigating Scams & Security with SlowMist
In the ever-evolving landscape of fintech, cryptocurrency users continue to face an array of sophisticated scams and vulnerabilities. One company that is working diligently to mitigate these risks is blockchain security firm SlowMist. They have recently spotlighted some of the most critical threats to crypto users, ranging from complex social engineering scams and malicious browser…
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Understanding Inflation-Adjusted Debt Growth
Rising costs and high-interest rates have proven to be an increased challenge for many consumers, who in turn, rely heavily on credit products to stay afloat. However, recent analysis by TransUnion (NYSE: TRU), a leading global information and insights company, suggests that the growth in credit balance might not be as extensive as perceived. Contrary…
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Alph.AI: Innovating Cryptocurrency Trading with AI-…
Alph.AI, a new cryptocurrency startup, has successfully raised $2 million in a strategic funding round led by prominent crypto exchange, Bitrue. The innovative venture targets the emergent meme coin market with an exclusive, all-in-one trading platform designed to cater to the needs and preferences of retail traders. Resolver to disrupt the existing trading scene, Alph.AI…
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HKMA and HKUST Business School Partner to Advance…
The Hong Kong Monetary Authority (HKMA) and the School of Business and Management at the Hong Kong University of Science and Technology (HKUST Business School) have announced a strategic partnership. Both institutions signed a memorandum of understanding (MoU) to collaborate on advancing cybersecurity research within the financial sector. Cyber risks are emerging as the biggest…
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Exploring the Rising Potential of the Latvian Real Estate…
Estateguru recently reported increased activity and steady investor returns in the Latvian real estate market. Thanks to falling interest rates, a dynamic new-build sector, and competitive pricing, the real estate scene in Latvia is fast becoming a hotbed for steady investment returns. The reduction of interest rates is among the major driving forces attracting investors…
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The Rise of Rentvesting: How Young Australians are…
According to a study conducted by digital bank Ubank, a significant shift is happening in the Australian housing market as young renters consider buying homes instead. This phenomenon, dubbed “rentvesting,” has emerged due to the rising cost of rent, which is steadily approaching the cost of mortgage repayments. Ubank’s comprehensive research was carried out by…
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Transforming the Payments Landscape: The Rise of mPOS and…
The payments landscape is undergoing a transformative shift, largely driven by the rapidly emerging mobile point-of-sale (mPOS) and software point-of-sale (SoftPOS) technologies. These solutions are overhauling the traditional concept of transactions and bolstering the growth of a more inclusive digital financial ecosystem. Juniper Research recently released a comprehensive whitepaper, From Hardware to Everywhere: The Rise…
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Accelerating Digital Adoption: A Path to Boosting SME…
Recent research by global small business platform Xero in partnership with the New Zealand Institute of Economic Research (NZIER) has pointed out that slow digitalisation is a major factor hindering the productivity gains of small and medium-sized enterprises (SMEs) in New Zealand. These findings augur an urgent need to accelerate the adoption of digital technologies…
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Snorkel AI’s Journey to a $1.3 Billion Valuation: A Deep…
Snorkel AI, a leading provider of artificial intelligence (AI) data tools, has successfully closed its Series D round of funding with a whopping $100 million. This milestone puts the company at a staggering $1.3 billion valuation, signifying their growing dominance in the machine learning space. The funding round was superintended by Addition, joined by Prosperity7…
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EquityMultiple Expands Real Estate Portfolio Through…
Renowned real estate investment firm, EquityMultiple, recently acquired sizeable loan support from leading digital bank for entrepreneurs, OakNorth. This was a strategic move to secure funding for the acquisition and inevitable development of a new real estate site. Founded back in 2015 by Charles Clinton and Marious Sjulsen, EquityMultiple focuses on creating investor wealth through…