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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Crypto Leverage Demand Drives Stablecoin Lending Rates
Recent research indicates a minimal impact of the US Federal Reserve’s policy on stablecoin lending rates. Instead, these rates hinge more on the demand for crypto leverage. This represents a significant departure from traditional finance, where central bank policies largely set interest rates. Central banks, such as the US Federal Reserve, typically adjust their policy…
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NYDIG Highlights Soaring Stablecoin Market Value
It’s becoming increasingly hard to ignore the growing influence of stablecoins in the cryptocurrency ecosystem. NYDIG Research recently highlighted this trend, pointing out the skyrocketing market value of these digital assets. Data from DefiLlama shows a surge in the market value of stablecoins to over $287 billion, a 38% increase since the year’s start. Stablecoins…
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KPMG UK Raises Concerns Over UK and Eurozone Economies
In its latest economic appraisal, KPMG UK has expressed increasing apprehension about the state of the UK and Eurozone economies. Yael Selfin, Chief Economist at KPMG UK, provided the insights through two recent statements. She examined the UK’s GDP figures along with the European Central Bank’s (ECB) latest interest rate decision. Selfin has been closely…
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MFSA Boosts Consumer Protection and Innovations in Finance
The Malta Financial Services Authority (MFSA) is intensifying its consumer protection, transparency, and innovation efforts. This action is part of its continuous dedication to enhance financial oversight. The authority’s recent thematic review has highlighted gaps in payment account services offered by various financial institutions. The MFSA’s thematic review has been instrumental in pinpointing these deficiencies.…
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Riksbank and BIS Highlight Challenges for Global Banks
Sweden’s Riksbank and the Bank for International Settlements (BIS) are among the global central banks facing transformative challenges. They underline the need for advanced problem-solving strategies to address issues like liquidity management, artificial intelligence (AI) integration, and global trade shifts. Their updates underscore the immediate need for adaptation in the rapidly evolving financial sector. Managing…
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ABA Journal Predicts 25 Basis Point Cut in Fed Funds Rate
The recent ABA Banking Journal update highlights a growing market consensus for a 25 basis point cut in the target fed funds rate. This change follows the recent inflation report, indicating its significant impact on financial markets. In recent months, finance professionals have been closely monitoring inflation rate data. The primary focus has been on…
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Consumer Sentiment in UK Dips 2.8 Points in September
The University of Michigan Surveys of Consumers unveiled a preliminary report, indicating a 2.8 point drop in consumer sentiment in September. The new figure stands at 55.4, marking a notable 14.7 point downturn from the same period last year. While the figure might alarm some, it’s important to note that consumer sentiment is a key…
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KaliSpot Boosts Financial Inclusion in Africa with 1Net Kiosks
Senegal-based fintech company KaliSpot has made significant progress in broadening financial inclusion in Africa. The innovative firm has introduced its first ‘1Net’ smart financial kiosks in Dakar. Moreover, it has announced a strategic partnership with Solarix to facilitate its expansion into the Congo Basin. The launch of the ‘1Net’ kiosks marks a significant milestone in…
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Anchorage Digital Boosts Crypto-Asset Support for Institutions
In a noteworthy expansion of its services, Anchorage Digital has declared its backing for new crypto-assets. This pioneering firm was the first in the cryptocurrency sector to receive a digital asset trust charter from the Office of the Comptroller of the Currency (OCC), a crucial landmark in its journey. Nathan McCauley, Anchorage Digital’s Co-founder and…
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Gemini Space Station’s IPO Attracts Global Investor Interest
Today, Gemini Space Station, a leading digital asset services provider, intends to complete an initial public offering (IPO) on Nasdaq. This announcement has ignited considerable global investor interest. Initially, Gemini set its IPO price from $17 to $19 per share. Gemini’s IPO has been creating a stir among investors in recent weeks. The company’s reputation…
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ClearScore Reports £18.8m Profit in Remarkable Financial Year
In a remarkable financial year, ClearScore, a leading fintech firm, has reported a full-year profit of £18.8 million for the fiscal year 2024. This is a significant increase from the previous year’s profit of £6.4 million. The fintech firm, which assists lenders in managing volume and risk, has seen a substantial rise in its profit…
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Trump nominates Quintenz as CFTC chair amidst crypto debate
Former Commodity Futures Trading Commission (CFTC) commissioner, Brian Quintenz, is now the chair nominee by ex-President Trump. This news came after a tense online exchange with Tyler Winklevoss, the founder of Gemini Space Station, a leading crypto exchange. The conversation, revealed this week, reflects the ongoing debates in the fintech industry. Quintenz’s nomination suggests a…
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US Fintech Rippling Gains UK Regulatory Approval
Great news for the UK’s fintech industry. The US-based platform, Rippling, has received approval from the UK Financial Conduct Authority (FCA). This approval allows Rippling to operate under an Electronic Money Institution (EMI) license. As a result, the company can offer a range of financial services in the UK, expanding its reach. Rippling is known…
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Brex and DoorDash Join Forces to Revolutionise Corporate Perks
Brex, a premier intelligent finance platform, recently partnered strategically with DoorDash for Business. The goal is to provide DashPass memberships to US-based Brex cardholders, revolutionizing corporate benefits and workplace meal solutions. DoorDash for Business offers workplace meals and perks, while Brex is renowned for its innovative approach to cash flow and expense management. Their partnership…
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Toss Plans Australian Launch in Global Fintech Expansion
In a significant move, South Korean fintech firm Toss has unveiled plans for international expansion. The company, operated by Viva Republica, plans to launch its all-inclusive finance app in Australia by the end of 2025. This plan aligns with Toss’s long-term vision of becoming a globally recognised fintech platform. Back home, Toss has built a…
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Fintech Pioneer Aven Raises $110m, Valued at $2.2bn
Aven, an innovative fintech company, focuses on improving homeowners’ credit access. They recently raised an impressive $110 million in a Series E funding round, boosting their valuation to a notable $2.2 billion. This investment highlights the confidence in Aven’s strategy, which utilises home equity to create credit card offers. Aven’s unique strategy leverages homeowner’s equity…
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Retail Investor Confidence in US Economy Surges says eToro
A recent survey by eToro, a trading and investing platform, shows a surprising boost in US retail investor confidence. This rise occurs despite concerns about tariffs and a weakening labour market. eToro’s quarterly Retail Investor Beat survey captures the sentiments of retail investors worldwide. The survey collected opinions from 10,000 retail investors across 12 countries.…
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21X Emerges as Key Player in Frankfurt’s Fintech Scene
Frankfurt’s fintech scene welcomes a new key player, 21X. The company specialises in tokenized capital markets, using blockchain technology to revolutionise asset trading and settlement. Thanks to strategic partnerships and a regulatory license, 21X is emerging as a trailblazer in creating a secure, efficient, and accessible market. 21X’s approach to finance hinges on tokenization. This…
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Starling Bank Eyes £4 Billion Valuation Ahead of Share Sale
The London-based digital bank, Starling, aims high with a bold £4 billion valuation. This is in preparation for a secondary share sale. The bank’s innovative approach and ambitious growth plans make this move a testament to its confidence in future prospects. Starling strategically plans the secondary share sale. It offers existing investors a chance to…
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Figure Technology Heads to Nasdaq Aiming to Raise $780M
Figure Technology, a blockchain-focused lending and infrastructure firm, is poised to debut on Nasdaq today. The fintech firm aims to launch its shares on the American stock exchange under the ticker symbol FIGR. The target? Raising over $780 million. This is just the latest move in a string of fintech firms going public this year,…
