January 16, 2021 @ 11:49 pm By Omar Faridi  |  

Fintech industry professionals believe that this year we’ll begin to really take advantage of the accelerated digital technology adoption and ongoing development that surfaced in 2020 due to COVID-19. The Fintech sector has taken a major step forward with the global user base growing significantly… Read More

January 16, 2021 @ 10:44 pm By Omar Faridi  |  

Germany-based FRIDAY, an Insurtech firm which operates as a Baloise subsidiary, has hired  Nate Glissmeyer to serve as the company’s Chief Platform Officer and Robin Latz has also been recruited to lead the management at the insurance technology provider. The two new hires will be… Read More

January 16, 2021 @ 10:39 pm By Omar Faridi  |  

The Fintech Alliance in the Philippines, which aims to support the nation’s economic and social development goals, has teamed up with 43 other private business organizations in the country in order to express their support for the Corporate Recovery and Tax Incentives for Enterprises (CREATE)… Read More

January 16, 2021 @ 8:19 pm By Omar Faridi  |  

New York-based Rho Technologies, a Fintech firm developing a platform focused on supporting business banking services, has acquired $15 million in capital through a Series A funding round – which was led by M13 Ventures. Rho’s investment round was also joined by Torch Capital, Inspired… Read More

January 16, 2021 @ 8:11 pm By Omar Faridi  |  

Digital brokerage solution provider DriveWealth, which notably secured $56.7 million through a Series C funding round in October 2020, is now planning to introduce its API-enabled brokerage technology platform for retail clients. The platform will be launched on the floor of the NYSE, following a… Read More

January 16, 2021 @ 7:56 pm By Omar Faridi  |  

Ecosystem development, sustainable investment strategies, and hyper-personalization were identified as some of the major wealth management trends that will be prioritized by Wealthtech companies this year. This, according to a report from Capgemini, a French consulting firm. In a research report, titled Top Trends in… Read More

January 16, 2021 @ 7:05 pm By Omar Faridi  |  

Amadeo Pellicce, Product Manager at Blockchain.com, a leading crypto wallet provider, trading platform, and block explorer service, notes that since the early days at Blockchain.com, they’ve always believed in the “revolutionary power” of Bitcoin (BTC), the flagship cryptocurrency. Pellicce pointed out that Bitcoin can potentially… Read More

January 16, 2021 @ 6:04 pm By Omar Faridi  |  

With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More

January 16, 2021 @ 6:01 pm By Omar Faridi  |  

The developers at Fetch.ai, an artificial intelligence (AI) and machine learning (ML) network, are introducing what they describe or refer to as “decentralized autonomous travel.” Fetch.ai aims to connect to more than 770,000 hotels with its Autonomous Travel system. The Autonomous AI Travel Agents intend… Read More

January 15, 2021 @ 10:35 pm By Omar Faridi  |  

UK-based LendInvest, a property finance platform, has reportedly told its investors that it’s well-prepared to deal with new lockdown measures. This, after making upgrades to its business processes, risk mitigation efforts and various financial metrics during the lockdown enforced in March of last year. The… Read More

January 15, 2021 @ 9:50 pm By Omar Faridi  |  

Vietnam’s digital wallet provider MoMo reveals that it has secured $100 million in capital via its Series D funding round, which was co-led by Goodwater, a Silicon Valley-based fund, and Warburg Pincus. New investors also made contributions to MoMo’s investment round, including Kora Management and… Read More

January 15, 2021 @ 9:39 pm By Omar Faridi  |  

Standard Chartered has teamed up with Indonesia’s Bukalapak in order to offer digital banking services which will be hosted via the Nexus platform, an established Banking-as-a-Service (BaaS) solution by SC Ventures. Standard Chartered and Bukalapak will be working closely so that they can provide innovation… Read More

January 15, 2021 @ 8:47 pm By Omar Faridi  |  

Indonesia-based Fintech platforms and services have continued to receive substantial investments despite the COVID outbreak. These Fintechs have acquired a significant portion of the total funds invested in Indonesian startups throughout 2020. According to reports, Fintechs in the country have acquired more capital than software-as-a-service… Read More

January 15, 2021 @ 8:13 pm By Samantha Hurst  |  

  Real estate crowdfunding platform GROUNDFLOOR announced earlier this week a new pilot program to spur the development of more accessory dwelling units (ADUs) in the Atlanta jurisdictions. According to GROUNDFLOOR, the initiative is designed to support developers who seek financing for the renovation or new construction… Read More

January 15, 2021 @ 7:31 pm By JD Alois  |  

Earlier today, the Securities and Exchange Commission (SEC) posted a settlement pertaining to Wireline and a SAFT offering that took place in 2018. According to the complaint, the SEC states that: “… between January and September 2018, Wireline, an early-stage project focused on the development… Read More

January 15, 2021 @ 6:33 pm By Omar Faridi  |  

The Mayor of Miami says he wants to make his city more attractive or appealing to the technology sector by embracing Bitcoin (BTC), the flagship cryptocurrency, and even investing a certain amount of government funds in the digital asset. Mayor Francis Suarez noted that if… Read More

January 15, 2021 @ 6:30 pm By Omar Faridi  |  

Alchemy Technologies, an established Fintech infrastructure development firm headquartered in Utah, has teamed up with financial technology firm Plaid, which provides a data network that powers the software tools that millions of consumers are using to “improve their financial lives.” Alchemy is notably one of… Read More

January 15, 2021 @ 2:26 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has sent a letter to President-elect Joe Biden asking him to “temporarily suspend any midnight regulations” promulgated by the Trump administration. This includes any rules that have not yet been published in the Federal… Read More

January 15, 2021 @ 1:32 pm By JD Alois  |  

Figure Technologies, Inc., founded by prominent Fintech entrepreneur Mike Cagney, has received $100 million from JPMorgan (NYSE:JPM) to finance jumbo mortgages, according to a release. Figure uses blockchain technology to reduce friction and cost to the loan origination process. Figure notes that this is the… Read More