Global

August 12, 2023 @ 4:20 pm By Omar Faridi  |  

Prontoblock, a digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to enhance the commercial paper market “through the tokenization of these financial instruments.” This partnership will empower MBI clientele “to engage in the purchase… Read More

August 12, 2023 @ 11:34 am By Omar Faridi  |  

Klarpay AG is pleased to announce the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus reporttedly “brings a wealth of experience and expertise to Klarpay.” Markus… Read More

August 12, 2023 @ 11:25 am By Omar Faridi  |  

Enterprise fintech VC deal activity continued “to decelerate in Q2,” according to a comprehensive update from Pitchbook. VC deal value this quarter has reportedly “decreased 11.9% YoY to $10.6 billion.” Excluding the Stripe deal, VC deal value “was $3.7 billion, representing declines of 69.2% YoY… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 12, 2023 @ 11:18 am By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has secured an In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), “marking a significant step towards being a payments company with the most regulatory approvals.” With this coveted approval from MAS,… Read More

August 12, 2023 @ 11:13 am By Omar Faridi  |  

Paymentology, the leading global issuer-processor, announces its partnership with DolarApp, the Mexican startup which provides digital dollar accounts to consumers across Latin America. Established in 2021, DolarApp has emerged “as a pioneering force in Latin America by introducing its USD-denominated credit card.” The card grants… Read More

August 11, 2023 @ 3:35 pm By Omar Faridi  |  

Bybit, which claims to be one of CoinGecko’s top five most trusted crypto exchanges, has announced the launch of a new Wealth Management product. According to the company, Bybit’s Wealth Management aims to “offer personalized solutions and attractive returns with minimized risk.” Bybit’s Wealth Management… Read More

August 11, 2023 @ 3:07 pm By JD Alois  |  

Top UK-based digital bank, Starling Bank, is looking to expand its footprint beyond the borders of the UK, according to a report. Starling is preparing to launch operations in Asia, but apparently not with its own brand but by partnering with an Asian bank that… Read More

August 11, 2023 @ 11:37 am By JD Alois  |  

One of the largest securities crowdfunding operators in the world, Seedrs, says investors today are just as interested in backing firms that align with their beliefs as seeking big returns. Seedrs is based in London but operates across Europe. It is a subsidiary of US-based… Read More

August 11, 2023 @ 11:18 am By Omar Faridi  |  

Brite Payments announced that it has expanded its product coverage with the launch of open banking-powered instant payments and payouts in Denmark. With full product coverage in Sweden and Finland, the addition of Denmark further strengthens the second-generation fintech’s footprint “as it continues its expansion… Read More

August 11, 2023 @ 10:37 am By JD Alois  |  

Private equity deals have declined by 36% during the month of July when compared to the same month last year. This is according to S&P Global Market Intelligence which reports 828 private equity deals in July 2023 versus 1290 deals July 2022. The global economy… Read More

August 11, 2023 @ 9:46 am By JD Alois  |  

ASIC (Australia Securities and Investments Commission) has filed suit against Active Super (LGSS Pty Limited), alleging “misleading conduct and misrepresentations to the market relating to claims it was an ethical and responsible superannuation fund.” According to ASIC, Active Super claimed to invest in assets that… Read More

August 11, 2023 @ 9:33 am By Omar Faridi  |  

Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.” TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from… Read More

August 11, 2023 @ 8:46 am By Omar Faridi  |  

BitPay, a firm that claims to be the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced the launch of BitPay Bill Pay, a new solution that allows cryptocurrency users to pay bills directly from their crypto wallets. From credit cards and mortgages… Read More

August 11, 2023 @ 8:15 am By Omar Faridi  |  

Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, in collaboration with Thought Machine, a pioneer in cloud-native core banking technology, unveils the groundbreaking SME Customer Onboarding Platform. This solution empowers financial institutions “to expedite and digitize… Read More

August 11, 2023 @ 8:10 am By Omar Faridi  |  

At Bitstamp, they claim to have a comprehensive framework in place to continuously evaluate the cryptocurrencies we provide, “taking into account the dynamic regulatory environment. Considering recent developments, they are making some changes to our crypto offerings—specifically for our customers residing in the United States.”… Read More

August 10, 2023 @ 9:15 pm By JD Alois  |  

Bittrex has settled with the Securities and Exchange Commission (SEC) regarding charges that it operated an unregistered securities exchange. Bittrex’s foreign operation, Bittrex Global GmbH has also agreed to settle similar charges. Bittrex has agreed to pay a total penalty of $24 million. As part… Read More

August 10, 2023 @ 9:04 pm By Omar Faridi  |  

Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform. This transformative integration of Crypto.com Pay “represents a significant advancement in the gaming industry and creates new… Read More

August 10, 2023 @ 5:18 pm By Omar Faridi  |  

Payment Components, which claims to be an expert in AI, payments and open banking solutions, is announcing the partnership with Brillio, a digital transformation services provider. The partnership between the two companies is “part of Payment Components’s vision to empower ISO 20022 / CBPR+ adoption… Read More

August 10, 2023 @ 2:28 pm By JD Alois  |  

Revolut, a neobank super-app that also holds a banking license in Lithuania, says Latin America is a key region for its growth going forward.  Revolut launched operations in Brazil, the largest country in Latin America, this past May. Latin America has experienced dramatic Fintech growth… Read More