Savings and investments tech platform Smart receives backing from Chrysalis
This week, retirement, investments and personal finance technology piqued investor interest, and a Latin American cryptocurrency exchange had the largest...
Payments
Ant Group-backed Kakao Pay seeks up to $1.4 billion in IPO
Kakao Pay Corp., South Korea’s largest online payment service with 36 million users, is seeking to raise as much as...
Crypto risk firm Chainalysis benefits from step up in regulation
Chainalysis and other cryptocurrency risk and compliance firms like Elliptic and CipherTrace are benefiting from accelerated cybercurrency enforcement actions by U.S. regulators...
The Fed’s Quarles points to downsides of digital currency
U.S. Federal Reserve Vice Chair for Supervision Randal K. Quarles made disparaging remarks about a potential U.S. central bank digital...
Virtual card fintech raises $3M to extend reach in Latin America, Caribbean
Digital card payment platform provider Moca announced Tuesday a $3 million series B funding round that will allow the platform...
A $130M crypto quant nets big returns as options boom
Forget Elon Musk tweets, regulatory missives and Bitcoin’s energy consumption. To hedge fund manager Shiliang Tang, the biggest crypto story...
Weekly Wrap: China pushes U.S. to take central bank digital currency seriously
This week, Bank Automation News delves into a House committee’s inquiry into a potential central bank digital currency (CBDC), and...
AI-driven hedge fund rules out Bitcoin for lack of ‘fundamentals’
A Swedish hedge fund that returned roughly four times the industry average last year using artificial intelligence won’t touch Bitcoin,...
US central bank digital currency faces congressional scrutiny
The design of a potential U.S. central bank digital currency (CBDC) remains a topic of debate, as made clear at a Tuesday hearing of the U.S. House Committee on Financial Services Task...
The buy now, pay later trend heats up
The buy now, pay later (BNPL) boom, which uses technology and alternative credit risk evaluations at points of sale for...
