Global

November 2, 2023 @ 11:45 am By Omar Faridi  |  

Carriers are prioritizing profitability, especially when it comes to fostering innovation, according to Insurance Operations in a Changing Industry, a study published today by Earnix, the global provider of intelligent, SaaS solutions for insurers and banks. The survey of 400 insurance executives “provides insight into… Read More

November 2, 2023 @ 11:38 am By JD Alois  |  

Yesterday, the US Federal Reserve decided it was prudent to hold rates where they are for the time being, and today, the Bank of England decided to do the same. The Bank of England’s Monetary Policy Committee (MPC) has a similar target with inflation as… Read More

November 2, 2023 @ 11:23 am By Omar Faridi  |  

Finkargo, the international trade platform empowering small and medium-sized businesses (SMBs) with global sourcing, trade services and embedded financing, announced a $20 million Series A financing. The investment round was led by QED Investors, “with the participation of new investor Nazca and existing investors Quona,… Read More

November 2, 2023 @ 11:20 am By Omar Faridi  |  

Mastercard’s (NYSE: MA) new borderless payments report reveals consumers globally are setting up side hustles and considering working or living abroad, prompting the acceleration of cross-border payments. Small businesses are also increasingly “reliant on international payment networks with three in five sourcing more suppliers internationally… Read More

November 2, 2023 @ 11:01 am By Michael Wong  |  

The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions. The project, named Helvetia Phase III, will involve the use of wholesale CBDC on the SIX Digital Exchange (SDX) platform, a… Read More

November 2, 2023 @ 10:40 am By Omar Faridi  |  

BitGo, the provider of financial services for digital assets, announces that its subsidiary in Germany, BitGo Europe GmbH, has received a crypto custody license from the German Federal Financial Supervisory Authority (BaFin). BitGo has already been storing crypto assets “for its customers since 2019, also… Read More

November 2, 2023 @ 10:37 am By Michael Wong  |  

Italian financial services firm Generali has officially launched Generali Ventures, a venture capital initiative aimed at driving innovation, breaking into new markets, and bolstering operational efficiency throughout the group. With a substantial €250 million commitment, Generali Ventures sets its sights on unearthing the most promising… Read More

November 2, 2023 @ 10:32 am By Omar Faridi  |  

Digital bank Revolut has reportedly appointed Francesca Carlesi as CEO of its UK operations, the Fintech company confirmed in a statement issued on Thursday. This new leadership announcement for Revolut should help the firm become a “global financial super-app.” Revolut, which is among the United… Read More

November 1, 2023 @ 10:26 pm By Omar Faridi  |  

Qomply pre-empts market activity by welcoming FCA Regulator and Capital Markets & Regulatory Compliance professional Sophia Fulugunya onboard as Director of Transaction Reporting. With the US still reeling from recent regulatory enforcement actions, the move is “seen by many as an indication of an anticipated… Read More

November 1, 2023 @ 10:19 pm By Omar Faridi  |  

Paymentology, a global issuer-processor, today announces it is the first issuer processor in Europe to secure Visa Cloud Connect (VCC) certification from Visa, a digital payments provider. Paymentology claims that it is “at the forefront of innovation in the fintech and banking sector, providing a… Read More

November 1, 2023 @ 8:00 pm By Omar Faridi  |  

We recently connected with Milan Velev, Nexo’s Chief Security Officer, who shared key insights with CI regarding the importance of setting standards for crypto platform security. Milan Velev from Nexo explained why crypto investors and traders need to prioritize security. He also commented on their… Read More

November 1, 2023 @ 6:07 pm By Omar Faridi  |  

AU10TIX, a global technology leader in identity verification and management, announced the availability of its ID Document & Biometric Verification platform and Reusable Digital ID solution in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. AU10TIX’s fully automated… Read More

November 1, 2023 @ 3:37 pm By Omar Faridi  |  

MDOTM Ltd, the global provider of AI-driven investment solutions for banks, insurance, asset and wealth management companies, and Analysis S.p.A, the Italian firm that has been providing integrated software solutions for the financial and wealth management industry for over 30 years, announce a partnership in… Read More

November 1, 2023 @ 1:36 pm By Omar Faridi  |  

Charlie, the new “standard” for 62+ banking services, announced it has raised a $23M Series A with TTV Capital serving as the lead investor. FPV also participated in the investment round “as well as other seed investors including Better Tomorrow Ventures.” The capital is a… Read More

November 1, 2023 @ 12:15 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), the online platform for small business loans, announced that we have received a formal notice from the US Small Business Administration (SBA) that their application has “resulted in a tentative award for an SBA Small Business Lending Company (SBLC) license to… Read More

November 1, 2023 @ 11:31 am By Omar Faridi  |  

Investment platform Lightyear announces its expansion into exchange traded commodities (ETCs) with the launch of gold. Adding ETCs to its existing suite of 3,500+ stocks, ETFs and MMFs, is another way for Lightyear’s retail and business customers “across Europe to diversify portfolios.” iShares Physical Gold… Read More

November 1, 2023 @ 11:27 am By JD Alois  |  

The British Business Bank says it has agreed to a £100 million ENABLE Guarantee transaction with Oxbury Bank, a financial institution that focuses on farmers, food production and the rural economy. Oxbury is described as an “AgTech” bank that operates a Fintech platform called OxburyEarth… Read More

November 1, 2023 @ 9:26 am By Omar Faridi  |  

Revolut, the financial super app with more than 35 million customers worldwide introduces Trading Pro — a powerful set of tools and insights for advanced traders designed to enhance their trading experience. The new subscription across the EEA is “provided by Revolut Securities Europe UAB… Read More

November 1, 2023 @ 9:18 am By Omar Faridi  |  

Mangopay, a platform-specific payment infrastructure provider, announces that it has been authorized by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI). MangoPay is a successful, France-based Fintech that was acquired by a French bank in 2015. The new e-money license from the… Read More

November 1, 2023 @ 8:55 am By JD Alois  |  

EstateGuru, an online investment platform for debt securities, says the first nine months of 2023 saw investors receiving €107.5 million in returns, with €13.5 million being profit. EstateGuru adds that Q3 delivered €46.6 million in principal repayments and income, an increase of over 80% compared… Read More