The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry. The regulation reports to create enhanced due diligence measures and checks on customer’s identity. Obliged entities, such as banks or cryptocurrency asset managers, have to report
Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking a loan and make them an offer of credit, Upstart said in a Thursday (April 25) news release. “In the current economic environment, lenders are
Diogo Mónica (left) and Nathan McCauley (right) cofounders of Anchorage Digital. “Our federal bank charter explicitly permits Anchorage Digital Bank to offer custody and settlement services, giving Atlas participants that participate in settlement using Anchorage Digital Bank the highest levels of regulatory protections,” McCauley said. The San Francisco-based cryptocurrency platform Anchorage Digital is launching its
Image Credits: SOPA Images / Contributor / Getty Images Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and
French FinTech Payflows has raised $26 million for its all-in-one platform for finance teams. The company announced the funding on LinkedIn as it emerged from stealth Monday (April 22), saying that its platform would “set finance teams free from boring manual work.” In less than 18 months, Payflows said, “we built a suite of procurement, payments, cash management and
The U.S. bitcoin ETFs have arrived – and since their introduction, there has been a reliable uptick in the price of bitcoin. Ever a typical (and therefore not completely rational) market, what will likely happen, just as in years past, the price of other cryptocurrencies without affiliation to Bitcoin or the new ETFs will rise
The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can have the biggest impact. “Embedded finance solutions need to be embedded in the consumer’s flow in order to capture those micro moments when a consumer
“Because of the more challenging investment environment, investors are becoming more selective and investing in companies that are past the ideation stage,” said Lawrence Loh, a professor at the National University of Singapore Business School. Who is Truong My Lan? From market stall to Vietnam’s biggest fraud case Singapore – home to about 4,000 tech
Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on unsecured loans offered by companies like Open Co, Nexoos and Gyra+ have exceeded 60%, prompting measures such as mergers, downsizing expansion plans and asset sales, Bloomberg reported Monday (March 27).
Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels. This shift toward these platforms has democratized access to financial knowledge, breaking down traditional barriers and fostering inclusivity. However, the rise of “finfluencers” — popular yet potentially unqualified individuals