The Alt401(k), a retirement platform offered by ForUsAll, a leading retirement provider for small businesses, gives employees the freedom to invest a portion of their 401(k) in potentially higher-growth opportunities like cryptocurrency in addition to conventional 401(k) mutual funds. As of today, 50 companies are live with the platform. The 401k’s first crypto delivery is
Goldman Sachs, MSCI, and Coin Metrics today announced the introduction of datonomy, a new categorization scheme for the market in digital assets. The new data service datonomy categorises money and tokens according to their intended purpose. Datonomy can be licenced for a number of use cases, including the review and assessment of portfolio performance and
One of the biggest non-bank retail mortgage lenders in the country, loanDepot, Inc., unveiled a cutting-edge digital home equity line of credit today (HELOC). This ground-breaking new solution provides homeowners with a strong option for addressing inflation and rising consumer debt with a level of digital ease, convenience, and speed to funding not currently available
The launch of Bitget Insights, a brand-new feature, has been announced by Bitget, the top cryptocurrency exchange in the world. Through the Bitget exchange, the functionality links social networks and social commerce. The launch represents the next development in Bitget’s cryptocurrency social trading project, which aims to help both novice and experienced traders. Traders will
Silicon Valley Bank UK, the bank of the most innovative companies and investors in the UK and Europe, today announced the closing of financing for UK-listed global technology company Wise. Silicon Valley Bank UK acted as lead arranger of the syndication, with six other banks participating in the new £300m capital facility to support Wise’s future
Envestnet, Inc., a leading provider of intelligent systems for wealth management and financial wellness, announced that it is partnering with FNZ, a leading global wealth platform, to create a fully digital, integrated wealth management experience for the U.S. market. The integration of Envestnet’s and FNZ’s platforms will allow for real-time account opening and funding along
BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and MATIC. Consumers can buy, store, swap and spend MATIC within the BitPay app later this week. For the first time, BitPay app holders will have access to spend other ERC-20 tokens including USDC, DAI, ETH and WBTC on
Nubank, one of the largest digital financial services platforms in the world with over 70 million customers across Latin America, announces today the creation of Nucoin, its own cryptocurrency on the Polygon blockchain network. The company’s tokens are expected to be launched in the first half of 2023, will be distributed free of charge to customers
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), has launched a new perpetual KYC solution to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation. The solution, Fenergo Smart Review, automates the ongoing monitoring of customer records for KYC compliance by
Nexi, the European PayTech, and Illimity Bank S.p.A., a high-tech Banking Group, announce a new partnership to support Italian SMEs: b-ilty, Illimity’s digital store of financial and credit services aimed at small and medium-sized enterprises, expands its offering with Nexi’s digital collection solutions. Starting today, Italian SMEs will be able to rent or purchase Nexi’s products and
Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the UAE to access the power of e-commerce faster and more easily and conveniently. Through this collaboration, Wio Business, the company’s first digital banking application, will enable SMEs and independent contractors—who
Apple has joined forces with Goldman Sachs to add a high-yield savings account feature to its credit card. Apple Card users will be able to automatically deposit their Daily cashback rewards into a new savings account, which is expected to launch in the coming months. Goldman Sachs offers no fees, no minimum deposit and no minimum balance requirements
