Blockchain & Cryptocurrencies

mempools

Unlocking the potential of private mempools in the blockchain ecosystem

In a recent post by OMNIA Protocol, the firm took a deep dive into how exactly private and public Mempools work. 
Could 2024 be a big year for tokenisation within wealth management?

Could 2024 be a big year for tokenisation within wealth management?

It has been a few years since the digital asset hype took the world by storm and has since fallen to the background. Despite this, the asset type is still popular, and could see more market adoption in 2024.
crypto

What are the best practices for crypto asset regulation compliance?

Deciphering the complexities of crypto assets and adhering to Anti-Money Laundering (AML) regulations can seem like an intricate task.
OMNIA's Airdrop: Rewarding engagement in the DeFi realm

OMNIA’s Airdrop: Rewarding engagement in the DeFi realm

OMNIA, a prominent player in the crypto realm, stands at the forefront with its high-performance RPC, aimed at amplifying the DeFi experience for its...
ECB

ECB assesses digital euro’s implications on banking stability

The European Central Bank (ECB) is carefully assessing the potential consequences of a digital euro on the region's banking framework.
CBDC

RBA’s CBDC research shows long road ahead for digital currency

The RBA has released a comprehensive report that shines a light on the complexities of launching a CBDC in Australia.

Mastercard launches CBDC partner programme

Mastercard has launched a new partnership program designed to explore the benefits and limitations of central bank digital currencies.
Wall

Wall Street Memes coin secures $25m amidst crypto market turbulence

The Wall Street Memes coin, inspired by the meme stocks movement, is making waves in the crypto domain and has secured $25m.
Dinari

Dinari secures $7.5m for its decentralised stock trading innovation

Dinari, a firm dedicated to offering real-world asset-backed tokens, has recently publicised its successful $7.5m seed investment.

Coinbase secures regulatory nod for futures trading

Coinbase Financial Markets, Inc. has achieved a significant milestone by receiving regulatory clearance from the National Futures Association (NFA), a CFTC-designated self-regulatory body. This approval allows them to function as a Futures Commission Merchant (FCM) and extend their crypto futures offering to eligible US customers via their platforms.

News Stories

Monzo revolutionizes retirement planning with new all-in-one pension product

Monzo revolutionizes retirement planning with new all-in-one pension product

Monzo, the leading digital bank in the UK, has introduced a groundbreaking pension product aimed at simplifying the retirement savings process.
Ushur, a leading provider of AI-powered Customer Experience Automation™ (CXA), has announced that Mike Price has joined its executive leadership team as Chief Revenue Officer (CRO).

Ushur hires former Oracle and ForgeRock executive as new CRO

Ushur, a leading provider of AI-powered Customer Experience Automation™ (CXA), has announced that Mike Price has joined its executive leadership team as Chief Revenue...
Lberis and Nexi launch innovative revenue-based financing in Germany to empower SMEs

Liberis and Nexi launch innovative revenue-based financing in Germany to empower SMEs

Liberis Group, a global leader in embedded finance, has partnered with Nexi, Europe's top PayTech company, to mark its entry into the German market.
Investment funds managed by Morgan Stanley Expansion Capital have acquired a stake in UK headquartered payments business Sokin, marking an exciting new chapter for the fast-expanding fintech firm. The acquisition will provide significant capital and accelerate its product growth plans and further global expansion. The transaction is constructed to provide investment to the company to support the speed and breadth of its growth. Sokin will continue operating as an independent unit and brand, and the current management team will remain to lead its expansion, with CEO Vroon Modgill maintaining a material shareholding. Whilst Morgan Stanley Expansion Capital has led the transaction, it also includes investment from prominent US investors including Gary Marino, former Chief Commercial Officer at PayPal who will join the Board, Mark Britto, former Chief Product Officer at PayPal, and Aurum Partners, the investment fund affiliated with the owners of the San Francisco 49ers and other strategic LPs. Existing investors in Sokin include former England and Manchester United defender Rio Ferdinand. Sokin was founded in 2019 with a simple vision to remove the borders, barriers, and burdens associated with international payments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. Sokin enables more than $2.5bn in transactional volume per year, with further rapid growth anticipated. It supports businesses across a wide range of verticals, from freight and logistics - to Premier League football clubs, enabling them to manage global payments and financials with speed, efficiency, and transparency. Vroon Modgill, CEO & Founder of Sokin, said: “This investment represents an exciting new chapter for Sokin - one filled with immense opportunities for growth and innovation. By joining forces with the Morgan Stanley Expansion Capital team, we gain access to unparalleled resources and expertise which we believe will enable us to accelerate our growth trajectory and better serve our customers.” Lincoln Isetta, Managing Director at Morgan Stanley Expansion Capital, said: “Sokin demonstrated outlier growth and capital efficiency that was powered by a great product and a high achieving team. We are pleased to partner with Vroon and the Sokin team to leverage our experience working with high-performing companies raising their first significant institutional capital. We believe Sokin has built a modern, comprehensive technology platform that is well suited to help enterprises simplify payments across geographies. Many of the world’s largest and most sophisticated companies and sports clubs already trust Sokin to execute strategic payments and we believe Sokin is at the forefront of technology leadership in those markets.” Gary Marino, tech investor and former Chief Commercial Officer at PayPal, said: “Sokin has developed an impressive platform powered by tactical licensing and partnerships ripe for further product and market expansion. We’re excited about how Sokin’s products will shape a new future for global payments.” Brano Perkovich, Founding Partner at Aurum Partners, said: "Sokin's innovative approach and talented team have laid a strong foundation for success. We're thrilled to join forces with Vroon and the Sokin team to revolutionize the global payments landscape." Rio Ferdinand, said: “This is a huge moment for the team at Sokin and a testament to the product and business they’ve built up. I’m excited to see the business go from strength to strength.” Ends About Sokin Sokin was founded in 2019 with a simple vision to remove borders, barriers, and burdens associated with international payments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. It supports businesses across a wide range of verticals, from freight and logistics through to Premier League football clubs, enabling them to manage global payments and financials with speed, efficiency, and transparency. Sokin’s dedication to improving financial efficiencies for global businesses has already led to more than $2.5bn in transactional payment volume per year.

TotallyMoney launches revolutionary tool to aid financially under-served UK adults

TotallyMoney has recently launched an innovative open banking tool. This tool is designed to provide customers with live, actionable insights into their affordability, enabling them to enhance their chances of securing better financial offers.
video

The headlines set to dominate RegTech in H2

As the regulatory landscape continues to evolve at a breakneck pace, the RegTech industry finds itself at the epicentre of unprecedented change and disruption. FinTech Global had the chance to catch up with Michael J Stanton, CEO at COMPLY, following May's Global RegTech Summit to discuss the key headlines which are set to dominate the space as we look ahead to the rest of the year.

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