January 24, 2020 @ 6:07 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE) will reportedly be running a public/private forum that will go into the relevant technical and public policy issues related to bank adoption of artificial intelligence (AI) and machine learning (ML) technologies and software…. Read More

January 23, 2020 @ 10:52 pm By Samantha Hurst  |  

Beacon Platform, a cloud-based enterprise technology and capital markets software solution vendor, announced on Thursday it secured $20 million through its Series B funding round, which was led by Centana Growth Partners, with participation from existing investors, PIMCO and Global Atlantic. Founded in 2014, Beacon… Read More

January 23, 2020 @ 10:45 pm By Samantha Hurst  |  

UnionPay International (UPI) announced on Thursday it has teamed up with PayPal (NASDAQ: PYPL) to accelerate the growth of their networks. According to UPI, PayPal has committed to supporting UPI acceptance globally where PayPal is accepted. Speaking about the partnership’s benefits, Jim Magats, Senior Vice… Read More

January 23, 2020 @ 9:43 pm By Omar Faridi  |  

Poland-based Fintech firm Autenti has secured $4.48 million in funding from three banks including Alior Bank, BNP Paribas and PKO Bank Polski. Autenti offers a platform for digital agreement signing and provides a workflow for electronic documents. The firm’s management says that the capital will… Read More

January 23, 2020 @ 9:37 pm By Omar Faridi  |  

Leading multinational payments firm Western Union (NYSE: WU) has teamed up with established India-based Airtel Payments Bank, in order to process remittance services. The partnership will allow Airtel Payments Bank clients to direct Western Union transactions into their individual bank accounts via the banking section… Read More

January 23, 2020 @ 9:25 pm By JD Alois  |  

Funding Circle (LSE:FCH) posted an update on investor returns earlier today. Currently, the online lender offers two different investment opportunities for investors: Conservative or Balanced. The update effectively included no new news as projected rates remained the same as previously expected: Balanced: 4.5% to 6.5%… Read More

January 23, 2020 @ 9:06 pm By JD Alois  |  

While we read all of the time as to how cash – dollars, pounds, euros, whatever, are becoming less and less popular, New York City, the financial center of the universe is banning stores from becoming no-cash operations. To quote the approved local law: “This… Read More

January 23, 2020 @ 8:33 pm By Omar Faridi  |  

Payments giant Visa is reportedly set to take its “access to cash” program industry-wide by teaming up with several financial institutions, in order to provide high street retailers in remote areas a fee for handling over the counter (OTC) cashback transactions. The launch of the… Read More

January 23, 2020 @ 4:22 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it has formed a new partnership with offer a suite of products and in-person experiences to its nearly one million SoFi members. According to SoFi, the partnership will initially focus on the SoFi Money debit card, for which Mastercard… Read More

January 23, 2020 @ 3:14 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Wednesday it has formed a new global remittance partnership with Alipay. According to WorldRemit, the collaboration will enable consumers to use the WorldRemit app or website for cross-border remittances to the Alipay… Read More

January 23, 2020 @ 3:06 pm By JD Alois  |  

Outspoken entrepreneur and CEO of Prime Trust Scott Purcell has shared his thoughts on the Securities and Exchange Commission’s (SEC) proposal to modernize the current definition of an accredited investor. At the moment, an accredited investor in the US is measured by a wealth metric…. Read More

January 23, 2020 @ 2:41 pm By JD Alois  |  

AngelList, a platform that started as a VC hybrid platform for accredited investors but has since morphed into a broader startup community, has distributed an update on platform performance during 2019. According to AngelList, the platform currently has almost $1.8 billion in assets under management… Read More

January 23, 2020 @ 10:29 am By Omar Faridi  |  

Ethereum Classic Labs (ETC Labs) is teaming up with the United Nations’ Children Fund (UNICEF) Innovation Fund by providing $1 million to support various ongoing projects. According to a press release, ETC Labs said it will be allocating $750,000 to global startup graduates of UNICEF’s… Read More

January 23, 2020 @ 10:28 am By Omar Faridi  |  

New York-based AllocateRite, a Fintech and data science firm that offers exchange-traded-funds (ETF)-based dynamic asset allocation options and risk analytics services, recently confirmed that its portfolio management and asset allocation strategies will be available via iOS and Android mobile devices. AllocateRite’s mobile app will be… Read More

January 23, 2020 @ 8:29 am By JD Alois  |  

Digital asset primary issuance platform Tokeny has announced a new partnership with PwC. Tokeny is a Luxembourg based Fintech that enables companies, banks, funds, real estate assets and more to tokenize these securities using blockchain technology. Tokeny enables institutional grade, issuance, transfer and servicing management… Read More

January 23, 2020 @ 8:16 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Wednesday it now has more than five million customers who are banking on its platform around the globe. The company stated: “As we enter a new decade, we’re delighted to share some more fantastic news. N26 has reached another… Read More

January 23, 2020 @ 8:10 am By Omar Faridi  |  

Adam White, president at Bakkt, recently shared some details regarding a major development currently underway at the Intercontinental Exchange (ICE)-owned digital assets trading desk while attending a conference at Davos. White noted during a panel discussion held at the World Economic Forum (WEF) in Davos,… Read More

January 23, 2020 @ 8:02 am By JD Alois  |  

Digital challenger bank Revolut has announced a new savings accounts for users in the UK market. The bank says the savings accounts will be available to Revolut Metal customers and earn a 1.35% interest rate on deposits – one of the higher rates of returns… Read More