Fintech

Alibaba Group Holdings Ltd.’s (NYSE: BABA) financial affiliate Ant Group has signed a memorandum of understanding (MoU) with Malaysia’s Kenanga Investment Bank Berhad under which Kenanga will leverage mPaaS, a mobile development platform from Ant Group...

By Vince Curotto, director, Klaros Group Between heightened regulatory scrutiny of partner banking relationships with fintechs and fintechs facing their own operating headwinds in a rocky market, it is reasonable to conclude right now is a bad time to launch partner banking services. But disruption...

Now emerging is a new brand of celebrity that has access to a highly effective marketing engine, but not enough funds to start their own venture capital firm. That’s according to Peter Sweeney and Matt McGeagh, the co-founders at ALAO Invest, short for Act Like An Owner, a New York-based firm...

Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) announced that payments giant PayPal Holdings Inc (NASDAQ: PYPL) has joined its TRUST network. What Happened: Coinbase said on Tuesday that the addition of PayPal to the TRUST network marked another milestone...

Payments giant Mastercard Inc (NYSE: MA) is now working with the world’s largest cryptocurrency exchange Binance to enable crypto payments in 90 million stores.  What Happened: “We can unlock the full potential of blockchain technology when we make it...

What happened: The USDD stablecoin (CRYPTO: USDD), which is backed by Tron (CRYPTO: TRX), has received criticism due to its algorithmic peg to the dollar. Comparisons between Tron’s USDD and Terra’s UST have become prevalent, but TRON founder Justin Sun cleared the air about this...

Regulation on crypto exchanges in South Korea has been strict. So strict that more than 60 trading platforms ended their service in 2021. Still, a handful of big players are looking to enter the space in 2023 with the goal of receiving licensure by the end of 2022. What happened: The two most...

Benzinga is hosting its Global Fintech Awards at New York City’s Pier Sixty, Dec. 8, 2022. At the event, the likes of Kevin O’Leary and Anthony Scaramucci, as well as leaders at DriveWealth, Prime Trust, Synctera, and beyond, will talk about controversial topics, perspectives...

Benzinga is hosting a two-day event at New York City’s Pier Sixty, Dec. 7-8, 2022. The likes of Kevin O’Leary and Anthony Scaramucci, as well as leaders at DriveWealth, Prime Trust, Synctera and beyond, will talk about controversial topics, perspectives on opportunities, and threats in...

The metaverse is going to be huge. Facebook changed its name to meet the opportunity. And yet, according to Statista, while there are 3 billion users on Facebook, only 50,000 are using Web3 virtual spaces. There is tremendous potential — and investment — in the...