August 11, 2020 @ 2:52 pm By Samantha Hurst  |  

BitTorrent, Inc., a peer-to-peer protocols and products firm, announced on Tuesday it surpassed two billion installations of its torrent client software on Windows, Mac, and Androids. Founded in 2004, BitTorrent claims to be one of the world’s leading peer-based technology companies. The company states it… Read More

August 11, 2020 @ 2:37 pm By Samantha Hurst  |  

Cryptocurrency platform Coinbase announced on Monday it has appointed Manish Gupta as its new Executive Vice President of Engineering. Coinbase reported that Gupta joins its team from Lyft, where he served as Vice President of Engineering for the past two years. He previously was employed… Read More

August 11, 2020 @ 2:24 pm By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the launch of its mobile app, which enables consumers to create wills and trusts conveniently on their phones. Consumers may also shop for life and home insurance from the app, creating a mobile one-stop-shop for key… Read More

August 11, 2020 @ 1:23 pm By Samantha Hurst  |  

U.S. fintech Vesta announced on Tuesday it has integrated with Plaid to launch Guaranteed ACH, which is a payment solution that enables online automated clearing house (ACH) payments, as well s reduces fraud and fees incurred from non-sufficient funds. Vesta reported that by using Guaranteed… Read More

August 11, 2020 @ 12:04 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it is introducing Google Pay for in-store purchases in the US. Klarna reported that Sephora, Journeys, and rue21 are among the first Klarna merchant partners to offer Google Pay, in addition to Apple Pay, for in-store purchases. The option… Read More

August 11, 2020 @ 11:19 am By JD Alois  |  

Revolut, a leading UK based digital bank, filed its annual report yesterday indicating that for the fiscal year 2019 revenue jumped alongside a growing annual loss. According to the Fintech, in 2019, revenue nearly tripled to £162.7 million vs. £58.2 million in 2018. The operating… Read More

August 11, 2020 @ 10:44 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed that the approval percentage for small business loan applications at big banks, which are more than $10 billion in assets increased three-tenths of a percent from… Read More

August 11, 2020 @ 10:39 am By JD Alois  |  

Longtime Securities and Exchange Commission (SEC) staffer Sebastian Gomez Abero has been named Deputy Director of the SEC’s Office of the Advocate for Small Business Capital Formation (OASB). Gomez Abero has been serving as Senior Advisor to SEC Chairman Jay Clayton. The OASB was created… Read More

August 11, 2020 @ 10:29 am By JD Alois  |  

UK-based property finance platform LendInvest has updated its Buy-to-Let product. The Fintech has boosted its maximum loan size for MUFB properties up to £1 million for 70% LTV, £1.5 million up to 65% LTV and will now accept up to £3 million up to 60% LTV,… Read More

August 11, 2020 @ 10:15 am By JD Alois  |  

Incomlend, an online invoice trading platform facilitating trade finance, has raised a substantial $20 million in a Series A funding round led by Sequoia India, according to a note from the firm. Global shipping and logistics firm CMA CGM Group also participated in the round… Read More

August 11, 2020 @ 9:42 am By Omar Faridi  |  

Facebook Inc. (NASDAQ:FB), which currently has a market cap of around $750 billion, employs over 52,000 workers, and generated over $70 billion in revenue last year, has introduced a new group to focus on payments and digital commerce opportunities. David Marcus, the co-creator of the… Read More

August 11, 2020 @ 9:36 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has formed a partnership with PayMyTuition, a provider of technology-driven global payment processing solutions for international tuition payments. The collaboration will notably expand PayMyTuition’s ability to accept payments through bank transfers from… Read More

August 11, 2020 @ 8:12 am By Samantha Hurst  |  

UK-based banking group and lender Metro Bank announced on Monday it has launched AI-powered receipt management technology for business customers through its mobile app. According to Metro, the technology enables businesses to capture, store and link their receipts to transactions in their mobile business app…. Read More

August 11, 2020 @ 8:00 am By JD Alois  |  

SMBX,  an online investment platform issuing securities under Reg CF, has raised $2.5 million in seed funding in a round led by Better Ventures with participation from Impact America Fund (IAF), Unpopular Ventures and others, according to a note from the company. SMBX is a… Read More

August 11, 2020 @ 7:55 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday it has formed a three-year strategic partnership with Microsoft to accelerate its plans to become a cloud-first bank. Standard Chartered reported that the partnership makes a significant milestone for its virtual banking, next-generation payments, open banking, and banking-as-a-service efforts…. Read More

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