UK-based Commonwealth Trade Bank Is Preparing to Deploy Intellect Design Arena’s IDC Core Banking Platform

UK-headquartered Commonwealth Trade Bank is preparing to deploy Intellect Design Arena’s IDC core banking platform. IDC will reportedly be deployed across several different verticals at CBT Commonwealth Trade Bank was established in 2019 following the acquisition of Diamond Bank by the Gupta Family Group (GFG) Alliance, an international group of businesses owned and managed by […]

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Netherlands-based Fintech Move4Mobile Partners Hakrinbank to Launch New Payments App

Netherlands-based Move4Mobile, a Fintech firm that focuses on concept, strategy, design and development of mobile-based software, has created a smartphone payments app for Hakrinbank The new payments app has been developed in order to introduce online payments to Suriname, the smallest nation in South America. Called Mopé, the mobile phone payments app will allow anyone […]

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House Financial Services Committee Schedules Next Fintech Task Force Meeting to Discuss the Role of Big Data

Big data is on the agenda for the House Financial Services Committee’s Task Force on Financial Technology. The Fintech Task Force will convene for a hearing entitled, “Banking on Your Data: the Role of Big Data in Financial Services.” The Fintech Task Force is relatively new having been created by Chairwoman Maxine Waters earlier this […]

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Square Announces Sale of Caviar to DoorDash

Payment process platform Square announced on Friday it has completed the sale of food delivery service, Caviar, to DoorDash. Square reported that Caviar was sold to DoorDash on October 31st for $410 million in a mix of cash and DoorDash stock. “Caviar will be included in Square’s financial results through October 2019, but will no longer […]

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Chairman of Malta Digital Innovation Authority Reveals Motivations Behind Launching a Masters in DLT Program at University of Malta

We recently caught up with Dr. Joshua Ellul, chairman of Malta Digital Innovation Authority and director of centre for DLTs at the University of Malta. Last month, the island country of Malta introduced a Masters in Blockchain and Distributed Ledger Technology program. The crypto-friendly jurisdiction in the Mediterranean has taken several measures to support the […]

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Federal Court Order Regarding Crypto ATM Coin Ends Up with Defendants Hit with $4.25 Million Penalty for Fraud & Misappropriation

An ongoing enforcement action brought by the Commodity Futures Trading Commission (CFTC) pertaining to a cryptocurrency called ATM Coin has been resolved with a federal court ordering defendants to pay over $4.25 million in penalties. The US District Court of Eastern District of New York ordered a default finding against Blake Harrison Kantor  and Nathan […]

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