August 10, 2020 @ 11:33 pm By Omar Faridi  |  

Miljan Stamenkovic, the Regional Director at Mambu, a multinational software-as-a-service (SaaS) banking platform, notes in a blog post published on Trade Arabia that during the last few years, many Gulf or Middle East region countries have been increasingly adopting digital platforms and services. Middle Eastern… Read More

August 10, 2020 @ 10:58 pm By Omar Faridi  |  

Researchers that attended the recent Black Hat security conference confirmed that digital currency exchanges remain vulnerable to hackers. While digital asset trading platforms may have attempted to provide adequate security to protect users’ funds, researchers argue that cryptocurrency exchange attacks have been operating like “an… Read More

August 10, 2020 @ 9:13 pm By Omar Faridi  |  

An Israel-based AI technology firm is planning to help MUFG Bank, which is Japan’s largest financial institution, with assessing the operations of Asian startups in order to determine the feasibility of issuing loans to them. The $80 million 50-50 joint initiative between Tel Aviv based… Read More

August 10, 2020 @ 7:09 pm By Omar Faridi  |  

China and India had the highest Fintech adoption rate (at 87%) out of all emerging markets, as of March 2020, according to a Research and Markets report. The Fintech sector has been expanding during COVID-19 because more consumers and businesses are conducting transactions online. Many… Read More

August 10, 2020 @ 7:03 pm By JD Alois  |  

  MoneyTap, a Fintech described as India’s first App-based credit line, has enlisted the assistance of Upgrade founder and CEO Renaud Laplanche to the company’s advisory board. Laplanche is also the founder and former CEO of LendingClub, the first marketplace lending platform to go public… Read More

August 10, 2020 @ 4:37 pm By Samantha Hurst  |  

Russian banking group Sberbank is reportedly set to launch a blockchain platform built on Hyperledger Fabric. According to Coindesk, the blockchain system is designed for trade finance, which will include exchanging letters of credit. The media outlet also revealed that Sberbank Deputy Chair, Anatoly Popov,… Read More

August 10, 2020 @ 4:05 pm By JD Alois  |  

Ethereum Classic Labs (ETC Labs), the core developer and organization for the Ethereum Classic (ETC) blockchain, has partnered up with crypto-sleuth firm CipherTrace and Kobre & Kim to uncover the individuals involved in the recent attacks on the Ethereum Classic blockchain. According to a release,… Read More

August 10, 2020 @ 3:04 pm By JD Alois  |  

NextSeed, an online investment platform offering securities under the full stack of securities exemptions, has announced a new ESG fund as part of its ongoing partnership with Collaboration Capital. In late 2019, NextSeed announced a merger with Collaboration Capital described as a move to create… Read More

August 10, 2020 @ 2:41 pm By Samantha Hurst  |  

  Howsy, a UK-based rental marketplace platform, is set to close its equity crowdfunding campaign on Seedrs with more than £2.3 million raised from nearly 600 Seedrs investors. The funding round was launched last originally seeking £250,000. Howsy also applied for the Future Fund. Founded… Read More

August 10, 2020 @ 2:17 pm By Samantha Hurst  |  

Falls Fintech, the fintech accelerator founded by Central Payments, announced on Monday the commencement of its fall cohort, operating virtually from August 10 to October 30, 2020. According to the program’s officials, Cohort 2 includes a pair of new initiatives from the accelerator. For the… Read More

August 10, 2020 @ 1:20 pm By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, has rebranded its Australian P2P lending platform to Plenti. Head of Marketing at Plenti, Sebastian Paulin, shared more details about the rebranding, by stating: “As Plenti, we want to help our customers make the most of… Read More

August 10, 2020 @ 12:51 pm By Omar Faridi  |  

Strong Customer Authentication (SCA) testing performed by tech giant Microsoft reveals that consumers are actually leaving their planned purchases at relatively high rates when challenged at the time of checkout. SCA is a European regulatory requirement that aims to reduce or eliminate fraudulent activities and… Read More

August 10, 2020 @ 12:17 pm By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday its new Global Fast Track Program, which is a business-driven program within Hong Kong Fintech Week (HKFW). According to InvestHK, the Fast Track program plugs fintech enterprises directly into Hong Kong’s diverse ecosystem of world-class regulators, business leaders,… Read More

August 10, 2020 @ 11:49 am By Omar Faridi  |  

Clear Books, which offers accounting and payroll software to more than 13,000 SMEs, has teamed up with payment processing company, Stripe. The integration should make it easier or more seamless for Clear Books customers to take card payments, which means that businesses will be able… Read More

August 10, 2020 @ 11:10 am By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Monday the launch of its Business Payments Network (BPN) 3.0, which offers support for ACH and wire. According to Billtrust, the new version gives network participants the “flexibility” to automatically transact through the… Read More

August 10, 2020 @ 10:30 am By Omar Faridi  |  

The New York Department of Financial Services (NYDFS) recently noted that there are several different paths that virtual currency businesses may take to begin using or listing digital currencies like Bitcoin (BTC) and Ethereum (ETH), among many others. The NYDFS is the department of the… Read More

August 10, 2020 @ 9:43 am By JD Alois  |  

At one point in time Goldman Sachs (NYSE:GS), the most prominent investment bank in the world and emerging Fintech powerhouse, was poised to create a crypto trading desk. In May of 2018, Goldman Sachs executive Rana Yared indicated the bank would enter the crypto space… Read More

August 10, 2020 @ 9:32 am By Samantha Hurst  |  

SoFi, one of the most successful Fintechs in the US, recently announced it has launched a program to offer $200 towards emergency savings to all who open an account with SoFi Money. According to SoFi, the program headlines a COVID-19 pandemic-relief package that also includes… Read More

August 10, 2020 @ 8:36 am By Omar Faridi  |  

During their early stages of development, digital assets have been treated in a manner that’s similar to how technology and commodities have been treated, according to CoinShares, a crypto-asset management company that provides financial products and services for professional investors. A new report from CoinShares… Read More