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Cion Digital announced a rebrand to UPTIQ this week. The new name is designed to reflect the company’s focus on bringing financing solutions to wealth managers and advisors. Headquartered in Texas and founded in 2021, the company made its Finovate debut at FinovateSpring 2022. Financial intelligence platform provider Cion Digital, which made its Finovate debut Read more…
OneSpan is acquiring blockchain-based document storage company ProvenDB. The purchase will help OneSpan add document storage to its existing product offerings. Terms of the agreement, which is expected to close this quarter, were not disclosed. Digital agreements security company OneSpan agreed to acquire blockchain-based document storage company ProvenDB. Financial terms of the deal were not Read more…
Finovate alums raised more than $2.7 billion in equity funding in 2022. The sum makes the $8.4 billion raised in 2021 seem all the more an outlier as our alumni funding levels return to those common in 2020 and before. Previous Annual Comparisons 2021: $8.4 billion 2020: $3.9 billion 2019: $3.0 billion 2018: $4.0 billion Read more…
Card issuing platform Marqeta launched its new web push provisioning solution. The new offering will enable consumers to pay for products directly from their mobile wallets without having to first download a mobile app – that may be rarely used again. The web push provisioning solution was inspired in part during Marqeta’s Hack Week event Read more…
KYC/KYB specialist Kyckr has agreed to be acquired by tech entrepreneur and billionaire Richard White. Terms of the transaction were not disclosed. Kyckr is an alum of our developers conference, FinDEVr Silicon Valley 2016, where the company presented “Corporate Identity on the Blockchain.” Kyckr, a technology company that provides corporations with authoritative real-time data on Read more…
The five-day World Economic Forum (WEF) began today. The annual event gathers leaders from across the globe in Davos, Switzerland to discuss the latest economic, social, and political issues. This year’s theme is Cooperation in a Fragmented World and many of the sessions are relevant to the fintech industry. I combed through the agenda and Read more…
The Consumer Electronics Show (CES), a tech event that showcases the latest advancements in consumer electronics and technology, is a must-attend conference for those working in the field of tech. But what if you work at a bank? This year, U.S. Bank sent five representatives to walk the floors of CES to scout out what’s Read more…
It can be difficult to pin down a birth year for fintech, but no matter how you look at it, our industry has come a long way. I was recently reminiscing and found a post published in 2003 by Finovate Founder Jim Bruene titled, The 10 Most Significant Innovations & Developments of 2003. These developments, Read more…
Fidelity Brings the Bitcoin If you’ve been crying over your crypto wallet due to all the negative headlines about digital currencies, then now is the time to dry your eyes and thank Fidelity for giving crypto enthusiasts the greatest sign of approval since BTC and ETH peaked last year. Fidelity announced this week that it Read more…
FTX Files for Chapter 11 The fallout over the collapse of cryptocurrency exchange FTX continues. On Friday, the embattled company filed for Chapter 11 bankruptcy protection, noting that it had in excess of 100,000 creditors – before amending its filing days later to report that the number of creditors might be more than one million. Read more…
MoneyGram Lets U.S. Customers Go Crypto MoneyGram is enabling its customers in (nearly all of) the U.S. to buy, sell, and hold cryptocurrencies via their MoneyGram apps. Three cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) – are the digital assets available courtesy of the new service. MoneyGram expected to offer other cryptocurrencies in Read more…
Cryptocurrency Investment Platform Pillow Raises $18 Million In a round co-led by Accel and Quona Capital, crypto investment platform Pillow has secured $18 million in Series A funding. Also participating in the round were Elevation Capital and Jump Capital. Singapore-based Pillow enables individuals to save and invest in a variety of major cryptocurrencies. The company Read more…