September 18, 2020 @ 9:27 am By Samantha Hurst  |  

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

September 18, 2020 @ 8:14 am By Samantha Hurst  |  

Cloud-based clearing bank ClearBank announced on Thursday it is now offering multi-currency banking accounts through API. The banking group reported that in the fourth quarter of 2020 it will be able to offer more than 30 multi-currency bank accounts, which will provide customers with the… Read More

September 18, 2020 @ 7:42 am By Omar Faridi  |  

The UAE’s Ministry of Finance will be working with the First Abu Dhabi Bank (FAB) in order to launch electronic or digital Dirham contactless payments cards for settling governmental service charges. The eDirham has been set up as a system of digital channels that are… Read More

September 18, 2020 @ 6:34 am By Omar Faridi  |  

Eastern Europe has the fourth-largest cryptocurrency market in terms of total transaction volume, according to Chainalysis’ research. Ukraine and Russia, which are also part of the Eastern European region, have been ranked quite high on Chainalysis’ Global Crypto Adoption Index. It takes into consideration a… Read More

September 18, 2020 @ 6:09 am By JD Alois  |  

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More

September 18, 2020 @ 5:32 am By Omar Faridi  |  

Dana Farrugia, CEO at Tech.mt, a Żejtun, Malta-based IT company that was established last year by the Southern European island nation’s government, notes that her organization aims to help Malta with attracting foreign direct investment (FDI). It also aims to support international business development projects. Farrugia… Read More

September 17, 2020 @ 11:43 pm By Omar Faridi  |  

Michael Tannenbaum, the chief financial officer at Brex, a Silicon Valley Fintech Unicorn, notes that many people today are working remotely. Tannenbaum, who’s also the chief business officer at Brex, says that we might be at risk in some ways of losing “the culture and… Read More

September 17, 2020 @ 10:47 pm By Omar Faridi  |  

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

September 17, 2020 @ 10:40 pm By Omar Faridi  |  

Fintech solutions, retail focused platforms, and information communication technology or ICT software programs are expected to lead the blockchain or distributed ledger tech (DLT) revolution, according to a new report. The findings of CIVITTA’s report reveal that finance, retail, and ICT solutions are the “most… Read More

September 17, 2020 @ 10:18 pm By Omar Faridi  |  

BlockArrow Capital, an alternative asset fund focused on investing in the blockchain sector, reveals that there are 463 blockchain or distributed ledger tech (DLT) focused developers that have created 13 new ICON Foundation projects for the ICON ecosystem. The projects have been developed thanks to… Read More

September 17, 2020 @ 9:52 pm By Omar Faridi  |  

Hacken will be integrating with Chainlink so that the platform’s security audit data for smart contracts, decentralized finance (DeFi) projects, and cryptocurrency exchanges can be accessed by decentralized applications (dApps). Hacken is a cybersecurity, auditing, and consulting firm with a special focus on blockchain security…. Read More

September 17, 2020 @ 9:49 pm By Samantha Hurst  |  

U.S. fintech Affirm announced on Thursday it secured $500 million through its Series G investment round, which was led by GIC and Durable Capital Partners LP. Other returning investors include Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management… Read More

September 17, 2020 @ 9:32 pm By JD Alois  |  

Hg Exchange (HGX), Southeast Asia’s first private securities exchange, has kicked off trading. Founding members of the exchange include PhillipCapital, Prime Partners, and Fundnel – a leading securities crowdfunding platform serving sophisticated investors across Asia. Richard Teng, formerly an executive at the Monetary Authority of… Read More

September 17, 2020 @ 9:11 pm By Omar Faridi  |  

India-based PhonePe, a major digital payments platform, has teamed up with the Brihanmumbai Electricity Supply and Transport (BEST) in order to offer a frictionless, contactless, safe, and secure payment option to commuters in Mumbai, which is a major financial center and one of the country’s… Read More

September 17, 2020 @ 8:09 pm By Omar Faridi  |  

Cryptocurrency and blockchain technology adoption continues to rise, with banks, institutional investors, and everyday consumers now using these platforms to engage in everyday transactions or to implement various business use cases. According to Chainalysis, the “patterns of cryptocurrency usage” vary widely across the globe. The… Read More

September 17, 2020 @ 8:07 pm By Omar Faridi  |  

Singapore based Fintech firm 360F aims to accelerate digital transformation for insurance service providers in the Middle East. As mentioned in a release shared with Crowdfund Insider, 360F is financial technology company that provides various solutions and implementation services to banks to enable “digital multi-channel… Read More

September 17, 2020 @ 3:02 pm By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Wednesday a new feature enabling users to buy cryptocurrency from within the BitPay Wallet App using Wyre. According to BitPay, Customers can now buy Bitcoin and ETH using a debit card or Apply Pay through the mobile app. While sharing more… Read More

September 17, 2020 @ 2:49 pm By Samantha Hurst  |  

Boring Money, a UK-based startup that helps users make better financial choices by offering investment/pension guides, quickly surpassed its initial £300,000 funding target and is now nearing £730,000 raised through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Boring Money states it blends quantitative… Read More

September 17, 2020 @ 2:24 pm By Samantha Hurst  |  

WireBarley, a South Korean fintech focused on global remittance services, announced on Thursday it secured $10 million through its Series B funding round from  Magna Investment, Shinsegae I&C, and Dt & Investment. WireBarley describes itself as a money transfer startup that provides fully contactless financial… Read More