TaxBit gets backing from PayPal, Coinbase and Winklevoss
TaxBit (Salt Lake City, US), which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, has received new investments from PayPal Ventures, Coinbase Ventures and existing investor Winklevoss Capital. TaxBit solutions automate all aspects of cryptocurrency tax compliance for consumers, businesses and exchanges. TaxBit Enterprise and TaxBit Consumer aim to transform the experience of calculating and reporting taxes on cryptocurrency transactions.
Instimatch and Algorand buddy up to disrupt the regulated payment networks with blockchain
Instimatch Global (Zurich), the award-winning digital platform for institutional short-term money market trading, and Algorand (Boston), a world-class blockchain powering secure and efficient frictionless exchange, are working together to disrupt the regulated payment networks with advanced solutions powered by blockchain. Instimatch said that it is paving the way to reinvent the conventional ways in which money markets operate, primarily by phone and broker-based means. The Platform’s global Network offers a more effective workflow, better pricing and the potential to diversify counterparty risk by linking borrowers with lenders digitally. Algorand added that its cutting-edge blockchain technology will complement Instimatch, empowering it to add a spectrum of new features and offerings focused on payments, Islamic banking and RegTech.
Wave Money (Yangon, Myanmar), the leading mobile financial services provider in Myanmar, moved a total of 12 trillion Myanmar kyat (US$8.7bn) in 2020 as the country rapidly embraced digital financial services in the face of the COVID-19 pandemic. These figures doubled from last year’s 6.4 trillion kyat (US$4.3bn) and is equivalent to 11.5% of Myanmar’s estimated 2020 gross domestic product (GDP) of US$75.5bn.
Atlas EMD Status
Atlas One Digital Securities (Vancouver, BC, Canada) has been granted registration as an Exempt Market Dealer (EMD) under the Canadian Securities Administrators (CSA) Regulatory Sandbox in conjunction with the British Columbia Securities Commission’s (BCSC) Fintech & Innovation Team, with permission to issue digital securities using blockchain technology. “We are excited to establish Atlas One as a leading digital securities firm in Canada” said Atlas One’s CEO George Nast. “We have a vision to disrupt the private capital markets, and our EMD registration is an integral piece of that.”
XTM launches KABN Visa Card and digital banking solution
XTM (Toronto, Canada), a fintech in the challenger banking space, providing mobile banking and payment solutions around the world, has, together with KABN Systems North America, a fintech in the Self Sovereign Identity (SSI) space, launched the KABN Visa Card and digital banking solution. Users of KABN’s Liquid Avatar platform will have the added features of XTM’s, bank-in-a-box solution.
IDT Corporation (Newark, NJ, US), a global provider of fintech, cloud communications and traditional communications services, today unveiled a refreshed logo for BOSS Revolution, its flagship consumer service. “The new BOSS Revolution logo has been updated to capture the evolution of our brand while reflecting our abiding commitment to provide immigrant communities with innovative services that keep them close to friends and family,” said Jessica Poverene, EVP Marketing for BOSS Revolution.
BC to raise HK$697m
BC Technology Group (Hong Kong), Asia’s leading public technology and digital asset company, is to raise HK$697m (approximately US$90m) in a top-up share placement. Morgan Stanley is the sole placing agent, with participation from a roster of institutional investors. Once completed, the Group will continue to expand the reach and capability of its institutional digital asset platform OSL, providing prime brokerage, custody, exchange and software-as-a-service (SaaS) to institutions and professional investors.
Moxtra named Best Digital Banking Solution Provider
Moxtra (California, US), provider of private digital channels for customer engagement, was named “Best Digital Banking Solution Provider” at the 2020 Banking Tech Awards. The 21st Banking Technology Awards recognizes excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen.
Future FinTech acquires stake in Blocknance
NASDAQ-listed Future FinTech Group (New York, US), a leading blockchain e-commerce company and a service provider for financial technology, is to acquire 60% of Blocknance Financial International, incorporated in the Dominican Republic. Blocknance provides services for transactions between Bitcoin and other cryptocurrencies and fiat currencies, such as Dominican Peso, US dollar, Euro and Russian Ruble for customers through Bitcoin ATM machines and physical offices. All ATMs and physical offices are currently located in Santo Domingo, Punta Cana, La Romana, and Santiago de los Caballeros in the Dominican Republic.
Plan plans partnership
Fintech and services company Plan Management (Radnor, Pennsylvania, US), creator of OptionTrax, an equity compensation plan administration platform, has partnered with Capital Transfer Agency, a leading Canadian transfer agent. The OptionTrax platform will now be offered to Capital Transfer Agency clients.
UnionBank of Philippines gets award
The UnionBank of the Philippines (Singapore) has been given the 2020 Philippines Excellence In Customer Experience in ATM Ambience Experience and In Online Customer Experience award by Frost & Sullivan. It’s based on recent analysis of the Philippines’ customer experience solutions in the banking industry. The award is in recognition of the bank’s initiatives to stay ahead of the demand curve by offering best-in-class, personalised customer experience with robust 24/7 services.