Robinhood Reports Q1 Revenue Increase of 40%, EPS of $0.18
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by JD Alois
2h ago
Robinhood (NASDAQ:HOOD) is reporting “record” revenues of $618 million, up 40% year-over-year, and GAAP Diluted EPS of $0.18 for Q1 of 2024. The modern spin on a brokerage that incorporates crypto said net deposits stood at $11.2 billion with “positive transfers from every major incumbent brokerage... Read More ..read more
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Volante Technologies Reportedly Secures Fedwire Funds Service ISO 20022 Certification
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by Omar Faridi
2h ago
Volante Technologies, the global enabler of payments as a service, announced its achievement of Fedwire Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions. This certification provides Volante customers “a streamlined fourteen-week pathway to ISO 20022 compliance for their... Read More ..read more
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Token Security Raises $7 Million, Emerges Stealth Mode
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by JD Alois
4h ago
Identity firm Token Security has raised $7 million while announcing it has emerged from stealth mode. The seed round was led by TLV Partners and SNR, along with multiple angel investors, including Shlomo Kramer, who is described as a founding father of cybersecurity in Israel.... Read More ..read more
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HKMA Welcomes Pilot Launch of Shenzhen-Hong Kong Cross-Boundary Data Validation Platform
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by Omar Faridi
4h ago
Hong Kong Monetary Authority (HKMA) welcomes the pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform The Shenzhen and Hong Kong authorities announced (6 May) the pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform. The platform utilizes blockchain technology and data coding... Read More ..read more
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Fintech EBANX and Yes Bank to Support Cross-Border Commerce in India
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by Omar Faridi
4h ago
Yes Bank, a private sector bank in India, and EBANX, a global fintech company specialized in payment solutions for emerging markets, announced a strategic partnership for payment processing in India, for the global digital economy. This collaboration represents a significant milestone in the digital payments... Read More ..read more
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PayPal Release Global Impact Report, Highlighting Key Digital Commerce Trends Worldwide
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by Omar Faridi
5h ago
At PayPal (NASDAQ: PYPL), they claim to be focused on a goal to empower consumers and merchants worldwide to engage in the global economy, all while doing good in the world. The PayPal 2023 Global Impact Report details how their progress on their corporate sustainability... Read More ..read more
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US Banks Are Reportedly Failing to Meet Demand for Instant Payments
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by Omar Faridi
5h ago
Research from RedCompass Labs, a firm focused on payments modernization, has revealed that US banks are failing to meet demand for instant payments. The report, “Time to leave legacy behind? Instant payments in the US”,  “surveyed 300 senior payment professionals in US banks to get... Read More ..read more
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Fintech SoFi Announces Support for Zelle Transactions
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by Omar Faridi
6h ago
SoFi (NASDAQ: SOFI) will be supporting Zelle which is being rolled out after requests from clients. Zelle is a bank-owned instant payments and transfer service that is broadly available in the banking world. SoFi states that Zelle is one of the most requested features for... Read More ..read more
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SEC Investor Advisory Committee Schedules Meeting for June 6th, Will Review AI, Investment Advice and More
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by JD Alois
9h ago
The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled a meeting for June 6th. Topics include artificial intelligence (AI) and the ongoing discussion of investment advice. Regarding investment advice, the Committee worries that younger investors are receiving guidance from “non-traditional ways,” including... Read More ..read more
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Boston: Fintech Sandbox Gets $150,000 Grant
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by JD Alois
9h ago
Nonprofit Fintech Sandbox has received a grant of $150,000 from Global Atlantic Financial Group. Fintech Sandbox provides early-stage Fintech startups around the world with free access to datasets and infrastructure through its Data Access Residency. Global Atlantic said their support for Fintech Sandbox is because... Read More ..read more
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