SEC - FinTecBuzz

Ninth Wave Secures Growth Funding to Expand Open Finance Platform

BusinessWireSeptember 13, 20245 min

Ninth Wave, the leading provider of cloud-based Open Finance solutions for financial institutions, announced that the company has secured new growth financing. Level Structured Capital (an affiliate of Level Equity, a preeminent growth equity firm with over $3 billion in assets under management), provided the funding. This financing will enable Ninth Wave to further expand its commercial team and make additional scale investments in the industry’s leading Open Finance connectivity platform for the foreseeable future....

Blockchain

Vitreus Secures $15,000,000 Investment Commitment from GEM

PRNewswireSeptember 13, 20244 min

Vitreus, the visionary leader in decentralized artificial intelligence (AI) blockchain technology, is thrilled to announce a groundbreaking strategic partnership with GEM Digital Limited (GEM), a digital asset investment firm based in The Bahamas that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. The signing of this agreement marks a significant milestone in Vitreus’ journey as GEM commits to a $15,000,000 USD investment commitment into Vitreus, propelling the company into a new era of...

Payments

Enhanced Security for Alpha Bank Romania: New Anti-Fraud System with Montran

PRNewswireSeptember 11, 20244 min

Alpha Bank Romania, in partnership with Montran, the leading provider of interbank payment systems in the country, has launched an advanced Anti-Fraud System. This strategic collaboration has significantly strengthened the bank’s security measures, providing customers with an additional layer of protection for their financial transactions. The new anti-fraud system is an advanced solution designed to detect and prevent fraudulent activities in real-time. Using cutting-edge technology, the system integrates a complex set of rules and algorithms that...

Banking

tZERO Gets Landmark Approval for Digital Securities Custody in U.S.

PRNewswireSeptember 11, 20248 min

tZERO Group Inc., a leader in technology solutions for capital markets, proudly announces the respective Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) approval of tZERO Digital Asset Securities as a new Special Purpose Broker-Dealer for digital asset securities custody. This is only one of two licenses for a regulated broker-dealer digital asset security custodian that have been approved in the United States since the rules were introduced by the SEC in 2020, serving...

Compliance & Scoring

Lucinity Secures Patent for Federated Learning AI

PRNewswireSeptember 5, 20244 min

Lucinity, the global leader in AI software for financial crime compliance, has secured a second patent from the US for its proprietary federated learning technology, which provides a unique approach to allow global financial systems to share algorithmic learning patterns without having to share sensitive data. Intelligence can be securely shared across multiple entities, improving collaboration. This helps enhance AI models for boosting productivity and detecting cross-border financial crimes, while also enabling proactive measures to prevent...

Blockchain

Kroma Secures Series A Funding from Prominent Investors

GlobeNewswireSeptember 3, 20244 min

Kroma, a prominent Layer 2 blockchain solution provider, has successfully completed its Series A funding round and publicly announced the participation of a diverse group of investors. The round secured backing from Asia Advisors Korea, Gate Ventures, ICC Venture, Planetarium, Presto, RFD Capital, Taisu Ventures, The Spartan Group, Waterdrip Capital, and other additional partners have also participated in this round. Kroma is Asia’s leading Layer 2 solution, designed to make Web3 accessible through intuitive, gamified real-life...

Crypto Currencies

Quidax Becomes Nigeria’s first SEC licensed Crypto Exchange

PRNewswireSeptember 3, 20244 min

On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange. The license which was presented by the Securities and Exchange Commission grants Quidax the permission to operate as a registered crypto exchange in Nigeria as the nation begins the formal recognition and much needed regulatory oversight, to the cryptocurrency industry. Speaking on the development, Buchi Okoro, Co-founder and CEO of Quidax said “At Quidax, the customer is...

Investments

TD Securities Appoints Carl Hayes as Head of European Cash Equities

PRNewswireAugust 30, 20244 min

TD Securities (TDS), a global corporate and investment bank offering integrated capital markets products and services, is pleased to announce the promotion of Carl Hayes, Managing Director, as the new Head of European Cash Equities. Based in London, Carl’s appointment supports TDS’ continued focus on extending its reach in European equity markets. Carl reports to Sharon Kim, Executive Managing Director and Region Head of Europe, TD Securities and Senior Vice President, TD Bank Group. Carl Hayes, Managing Director and...

Blockchain

Platonic Reimagines Tokenization Focusing on Security & Data Protection

PRNewswireAugust 20, 20244 min

Platonic, a blockchain infrastructure technology company, proudly announces the launch of its cutting-edge decentralized tokenization platform. Developed to empower financial institutions, Platonic’s platform enables the tokenization of a wide range of assets with unprecedented levels of data privacy and security. The company is positioned to be a driving force in the technological evolution of the financial services industry. Platonic is reinventing tokenization in capital markets. Its patented Layer 1 blockchain prioritizes security and client data...

Compliance & Scoring

Secura/Isaac Group & Consilient Announce Strategic Alliance

PRNewswireAugust 20, 20245 min

Secura/Isaac Group Partners with Consilient to Revolutionize Financial Crime Detection for Clients

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