Tag: Banking Tech

March 24, 2023

JP Morgan Chase has acquired Aumni, a provider of investment analytics software for venture capital firms, for an undisclosed sum. The acquisition, expected to close in H1 2023, will build out JP Morgan’s private markets platform for companies, employees and […]

March 24, 2023

Founded in 2012, Raisin offers consumers access to savings, investment and pension products. The firm also offers Banking-as-a-Service (BaaS) products for financial service providers and currently works with over 400 companies from more than 30 countries. With the new investment, […]

March 24, 2023

Liquidity concerns in the cryptocurrency markets have been growing, and recent collapses in the banking sector have only served to exacerbate an already precarious situation. Analyst Conor Ryder from Kaiko Research addressed this issue in a recent blog post, examining […]

March 24, 2023

Binance, the world’s largest cryptocurrency exchange, paused spot trading on Friday due to what its chief executive Changpeng Zhao called a minor glitch. “Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one)” Zhao […]

March 24, 2023

These sound like crazy questions, right? Banks have been banking for over 100 years, why would that change? Let me draw a parallel with the telecoms industry. Initially, we sent smoke signals or used drums to communicate with other humans […]

March 23, 2023

The crypto market has become more well-known as a result of its outstanding profitability and quick value growth. It is used by thousands of people as a passive income source as well as a long-term investment. But given the rise […]

March 23, 2023

Romain Mazeries, CEO of Mangopay, describes WhenThen as “a strategic asset” for the firm’s growth plans. Mangopay, which is a platform-specific payment infrastructure provider, says WhenThen’s payment acceptance technology and “global connectivity”, will help Mangopay “rapidly scale its entire payment […]

March 23, 2023

Cross River provides technology infrastructure such as scalable embedded payments, cards and lending solutions to “millions” of consumers and businesses. The company’s embedded solutions and customisable APIs will be utilised to power Pay.com’s international expansion, giving businesses and merchants access […]

March 22, 2023

The U.S. central bank is preparing to launch the Fednow payment service, and the Fed explains in a recently published blog post that there have been many interested candidates that want to utilize the service. The Fed details that entities […]

March 22, 2023

It’s been a rough two weeks for the U.S. economy after the fall of Silvergate Bank, Silicon Valley Bank, and Signature Bank. After these bank failures took place, the Federal Reserve announced the creation of the Bank Term Funding Program […]

March 22, 2023

As a region where cash is still king and with millions of underbanked customers, Southeast Europe appears to be fertile ground for new-age digital banks. A challenge or an opportunity? Last year, the European Savings and Retail Banking Group (ESBG) […]

March 21, 2023

Bitcoin BTC tickers down $28,116 headed to new nine-month highs after the March 21 Wall Street open as a crucial Federal Reserve interest rate decision loomed. Bitcoin price climbs despite conservative Fed view Data from Cointelegraph Markets Pro and TradingView […]

March 21, 2023

Bitcoin (BTC) was once again trading below $28,000, as traders consolidated recent gains ahead of the upcoming FOMC meeting. Following a high of $28,352.76 to start the week, BTC/USD fell to an intraday low of $27,439.65 earlier today. The move […]

March 20, 2023

The legal teams representing Alameda Research, FTX US and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm’s […]

March 20, 2023

With major Russian banks disconnected from the main global interbank payment system, SWIFT, due to Moscow’s war on Ukraine, blockchain will help to solve the problem with payments, Sberbank’s First Deputy CEO Alexander Vedyakhin is convinced. “It is blockchain technology […]

March 17, 2023

The insurance industry has been slow to adopt new technologies, but the rise of fintech is now prompting insurers to embrace digital solutions that can transform their businesses. Fintech is revolutionizing the insurance sector, providing more efficient and streamlined processes […]

March 17, 2023

The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin BTC tickers down $27,370 was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more […]

March 17, 2023

Tuesday 14 March saw OpenAI begin the release of the newest iteration of its artificial intelligence (AI) model – GPT-4. The new model is “multinodal”, accepting images as prompts to generate content alongside text input which its predecessor, GPT-3, was […]

March 16, 2023

Bitcoin slid below $24,500 as investors weighed a potential European banking meltdown triggered by concerns about often-embattled Credit Suisse. The largest cryptocurrency by market capitalization dropped to $23,946 at one point before regaining ground to recently trade at $24,502, roughly […]

March 16, 2023

OpenWay describes its Way4 offering as an end-to-end solution comprising an online core, account and events management, dynamic pricing, automated workflows, card issuing and wallet management, merchant management, omni-channel, authorisation and settlement, and APIs. The migration to the new platform […]