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Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. This new license enables Nuvei to “operate three types of payments services in... Read More
The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its next meeting for May 6, 2024. As of today, the agenda has not been released. At the last meeting in February, the SBCFAC discussed multiple topics of interest, including a... Read More
Circle, a global digital financial technology firm and the issuer of USDC, announced new smart contract functionality that would allow holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC. This smart contract reportedly provides BUIDL investors... Read More
The Securities and Exchange Commission (SEC) has penalized five individual investment advisors for allegations of violating marketing rules. According to the SEC, each entity has settled the charges and agreed to pay $200,000 in combined penalties. The five firms are as follows: GeaSphere LLC Bradesco... Read More
The UK economy barely posted a positive figure in February, according to the Office for National Statistics. Monthly GDP is said to have grown by 0.1% in February 2024, following growth of 0.3% in January 2024. The consecutive growth indicates that the UK has exited... Read More
Binance Labs, the venture capital and incubation arm of Binance has invested in BounceBit, a Bitcoin restaking and CeDeFi protocol to expand the capabilities of Bitcoin beyond traditional storage of value. BounceBit transforms BTC from a passive asset into “a dynamic force within the ecosystem... Read More
Scotiabank announced an expanded partnership with Google Cloud, naming it the enterprise cloud platform of choice for the next phase of the Bank’s cloud acceleration journey. The bank will leverage Google Cloud technology “to enhance client and employee experience, strengthen Bank security, and adopt new... Read More
The subscription model involves paying in periodic intervals for goods or services based on a prearranged capacity, the team at Juniper Research notes in a report. The research report explains that the subscription economy is an umbrella term for the market surrounding subscriptions, “including subscription... Read More
Half of consumers say they have cut non-essential spend in the first quarter of the year and consumers are four times more likely to save than spend, according to new research from KPMG UK. KPMG UK’s Consumer Pulse survey tracks the quarterly confidence and spending... Read More
Digital bank bunq has reported a net profit of €53 million for 2023 as part of its annual report. bunq also revealed that it acquired additional funding of €29 million from its existing backers. This is reportedly part of Bunq’s efforts for expanding business operations... Read More