MEPs Approve Draft Legislative Framework for European Digital Identity Wallet
The European Union Committee on Industry, Research, and Energy has approved the proposed update of the European Digital Identification System.
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Kraken Agrees to Shut Crypto-Staking to Settle SEC Charges
U.S. SEC targets crypto exchange Kraken over crypto-staking services.
Changes in the Financial Sector: Liubov Svezhentseva Discusses Neo-Banks and the Future of Financial Ecosystems
Technologies obviously dictate new rules of the game for banks. The current trends in fintech include using AI in business processes and creating ecosystems for clients. Liubov Svezhentseva, former Payeer Marketing Director with years of experience, reveals the development paths banks have today and whether a digital transformation is really beneficial for them.
SaaS Risk Management 101
It’s easy to understand why enterprise Software-as-a-Service (SaaS) usage is booming; end-user spending globally is expected to increase by more than 40% to $170 billion in 2022. SaaS apps offer an agile, adaptable method to give employees the functionalities they need, when and when they need them, as businesses change to support new work paradigms. […]
Maker DAO Votes to Integrate Chainlink to Help Maintain DAI Stability
MakerDAO integrates blockchain data provider Chainlink’s Automation for price updates, liquidity balancing, and maintaining the stability of Maker’s DAI stablecoin.
Identity Decisioning Fintech Alloy Launches in UK
US fintech Alloy has announced the launch of activities in the British financial services market as part of a project to expand its presence in the EMEA region.
Lunar Raises €35 Million
Danish neobank Lunar announced the raising of financing in the amount of 35 million euros.
Ex-Nyse CIO Launches Finance App
Fierce, a financial app founded by former Nyse CIO Rob Cornish, was launched with $10 million in seed funding.
Standard Chartered and Allinpay Enables Instant Cross-Border Payments in Hong Kong
Standard Chartered Bank and Singapore-based Allinpay have made PayNow’s instant cross-border payments feature available to merchants and businesses in Hong Kong.
MakerDAO to Launch First Native Liquidity Market Focused on DAI Stablecoin
Proposed ‘Spark Protocol’ will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity.
Flux Finance Launches Lending Token Collateralized by U.S. Treasury Debt
Flux Finance invests in U.S. government debt-backed yield farming.
Umami Finance CEO Dumps Tokens, Triggers 50% Price Drop
Several members of the Umami team have resigned as a result of O’Donnel dumping his UMAMI holdings.
Jupiter Offloads Starling Stake
Jupiter Asset Management sold its stake in digital lender Starling Bank.
Bank of London Scores $40 Million Series C Extension
Bank of London, a global startup in the field of clearing and transactional banking services, has raised $40 million as part of a Series C funding expansion.
Nine Banks Invest $45 Million in Carbon Credit Transaction Network
The banking group, consisting of nine large financial institutions, has directed investments of $45 million to the development of Carbonplace, a global network of transactions on carbon credits based on DLT, founded by them.
Revolut Launches Ethereum and Cardano Staking
Revolut will support staking a selection of tokens, with yields as high as 11.65%.
