Yvcu Today in FinTech: MrQ Games Gets Instant Payments; MTN Granted Mobile Banking License; Google Automates Finance Processes
Non-fungible token NFT art marketplace SuperRare has raised $9 millio
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n in a Series A funding round, Decrypt reported.Tokenized, rare digital art authenticated on blockchain
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has exploded in popularity recently. SuperRare has reportedly traded $25 million a month in 2021
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alone, the report stated.The funding round was led by Velvet Sea Ventures and crypto fund 1confirmation. It also included Salesforce Founder and CEO Marc Benioff, Social Capital CEO Chamath Palihapitiya, AngelList Co-Founder Naval Ravikant, billionaire investor Mark Cuban, Sound Ventures and Samsung Next, Samsungs investment fund, according to the report.The marketplace plans to use the funding to develop a mobile app, explore digital showcase and expand its team. The company also hopes to hold more exhibitions and host events, the report stated. We never really had a standard to identify unique digital objects, said SuperRae CEO John Crain, per the report. I think its as game-changing as the invention of the blockchain itself, and theres a bunch of really good, strong use cases there. In other news, Alexandre Raffin, a native of France, has filed suit against cryptocurrency advisory Modern Assets Australia for allegedly breaching its duty of care, ABC News聽reported.Raffin, who runs Paris-based brokerage firm GAINS Associates, is suing the company and its directors, Jonathan Allison and Carlo Sciubba, for $800,000, plus damages, after allegedly failing to perform due diligence when connecting him with a cry Ofgq Tencent Gains Mobile Payments Ground On Alibaba
Software-as-a-Service is more than an industry buzzword. When it comes to cash management and especially treasury functions, having a platform in place that offers new functions on demand can save money, and perhaps as importantly, time for finance professionals.Thats especially true as banks become increasingly digital. Reval, which offers treasury and risk management software, released a report recently that found increasing use of treasury management software. Among those surveyed, a majority, or 59 percent of respondents, said that they were working with specialty treasury systems as of 2014,
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up 15 percent from the previous year 鈥?alongside a high single-digit percentage drop in the use of Excel spreadsheets to manage traditional treasury functions.Against that backdrop, PYMNTS spoke with Guenther Peer, the regional vice president of solutions consulting across EMEA at Reval. The company recently debuted its Reval INSIDE platform, a scalable cloud platform for large and medium
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-sized
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banks.The new Reval offering, the executive said, allows clients to streamline their corporate treasury functions through automation, with information across cash flows and transactions gathered in one place.The centralized location, noted Peer, lets companies improve their risk through added visibility and control and also improve their decision support through information that is transparent and sits in one place. For treasury professionals, the central information flow helps improve resul