Stuart Sopp, CEO at Digital Bank Current, Explains Why It’s Critical to Assist Low Wage Earners, Especially During COVID-19

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Stuart Sopp, founder and CEO at digital bank Current, has previously noted that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. In June 2020, Sopp had confirmed that Current would remain focused on spending,… Read More

Bank for International Settlements Innovation Hub Partners with Hong Kong Monetary Authority on Trade Finance TechChallenge

The Bank for International Settlements Innovation Hub (BISIH) Centre in Hong Kong and the Hong Kong Monetary Authority (HKMA) have partnered on a trade finance project to highlight the opportunity to improve the sector of finance with technology. The “TechChallenge — Digitising Trade Finance” is… Read More

Compliant Cryptocurrency Derivatives Exchanges Accounted for Only 1% of the Trading Volume of the Sector During Q2 2020 with $21.62 Billion in Reported Volume

The overall performance of the nascent cryptocurrency market during Q2 2020 was not as good as it was when compared to the previous quarter. According to Token Insight, the main reason for the relatively poor performance this past quarter may be attributed to very little… Read More

Fintech Become, an Online Lending Platform for SMEs, Is Offering Business Loans for E-Commerce Sellers

Fintech firm Become, an online lending platform for SMEs, notes that digital or e-commerce has been accelerated by about 4-6 years due to COVID-19 which has led to permanent changes in consumer behavior. Individuals and business owners are increasingly using all-digital services, instead of visiting… Read More

WeLab Bank Introduces its Digital Banking Platform in Hong Kong’s Competitive Fintech Sector

WeLab Bank has confirmed the public launch of its digital banking services. WeLab Bank is notably the only stand-alone firm to acquire a virtual bank license from the Hong Kong Monetary Authority (HKMA), the city-state’s de facto central bank that’s also responsible for promoting the… Read More

SingPass, a Facial Recognition Solution for ID Verification, Will be Used by Singapore’s DBS Bank for Digital Onboarding

Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, has teamed up with the Government Technology Agency of Singapore (GovTech) to test out the SingPass face verification technology system. DBS Bank aims to attract… Read More

European Marketplace Lender October Reports a “Record Month,” 55 Projects Received Funding During July 2020

October, a leading European online lender, reveals that it was definitely not “idle” during the month of July 2020, despite the challenges created by the global COVID-19 outbreak and the resulting economic uncertainty. October claims that July 2020 was a record month, during which 55… Read More

Australian Stock Exchange Listed Fintech EML Payment Plans to Reduce the Use of Plastic Cards by 50%, Globally

Fintech firm EML Payment Ltd (ASX: EML) aims to significantly reduce plastic consumption by the weight of 56 elephants, 10 humpback whales, 1,250 lions, and the height of 5,000 giraffes across the company’s global portfolio within the next three years. EML’s “Change for Good” Initiative… Read More

Fintech Unicorn and Stealth Bank, TransferWise, Brings API powered Cross-Border Banking Solutions to Asian Markets

UK-based Fintech and stealth bank TransferWise recently revealed that it has taken an “exciting” step towards modernizing and streamlining global banking in Asia. The company confirmed that it has brought TransferWise for Banks, its “bank-friendly” API integration, to Asian markets, allowing financial institutions to surface… Read More

CoolBitX Partners with Payment Processor BitPay to Support Cryptocurrency Purchases Directly from Hardware Wallet

Blockchain security firm CoolBitX is focused on developing the infrastructure to bridge the gap between mainstream financial institutions and the nascent crypto-asset sector. On July 30, 2020, CoolBitX revealed that it has teamed up with BitPay, the leading provider of cryptocurrency payment services. As mentioned… Read More

Digital Investment Platform Uphold Now Allows Customers to Buy Physical-Gold Backed Token Universal Gold

Uphold, a U.S.-based digital finance platform, announced last week global customers can buy a Universal Gold (UPXAU), which is a physical-gold backed token issued by the Universal Protocol Alliance and backed by the Government of Western Australia. UPXAU is free to hold, government-backed, and spendable… Read More


Real Money Management Professional Laura Whateley from Zopa Recommends Repaying Towards Debts As Soon As Possible

Laura Whateley, a real money management correspondent at Zopa, a Fintech lender and digital bank, notes that at the beginning of the COVID-19 pandemic, it wasn’t really clear how our finances would be affected, and that might still be the case for many individuals and… Read More

Update: CapitalRise’s Latest Crowdfunding Round Secures More Than £1.9 Million During the Final Week on Seedrs

Property crowdfunding platform CapitalRise has raised more than £1.9 million through its latest equity crowdfunding campaign on Seedrs, which is set to close later this week. The funding round was launched last month, originally seeking £1 million. The initiative made its debut just a little… Read More

Overfunding: UK Cleantech Polysolar Returns to Crowdcube & Quickly Surpasses £250,000 Funding Target

Just a little over two years after raising more than £1.3 million through its first Crowdcube round, UK cleantech Polysolar returned to the equity crowdfunding platform and has already surpassed and doubled its initial £250,000 funding target. Polysolar notably makes transparent architectural solar glazing. Now… Read More

More than 1,000 Block Producing Validators Took Part in Avalanche’s Denali Incentivized Test Network for Developing DeFi Apps

The development team at Avalanche, which is AVA Labs‘ project led by Cornell computer science professor Emin Gün Sirer, confirms that it has been a few months now since they opened Avalanche’s Denali testnet to the general public. Avalanche aims to be a scalable, open-source… Read More

$150 Million in ONT Tokens are Being Staked on Ontology, a “High-Performance” Blockchain Development Platform

In June 2020, the Ontology (ONT) team celebrated two years since the launch of the Ontology mainnet, which aims to serve as a “high-performance” enterprise blockchain or distributed ledger technology (DLT) platform. There are currently 70 decentralized applications (dApps) that are now live on the… Read More

CBDCs: Bank of Japan and the Central Bank in the Philippines Continue to Conduct Research to Determine Feasibility of Digital Currencies

The Bank of Japan or BOJ (JASDAQ: 8301), the nation’s central bank that’s headquartered in Chūō, Tokyo, has reportedly appointed Kazushige Kamiyama, a prominent economist, as its head of a department that’s tasked with conducting research on central bank digital currencies (CBDCs). Reuters reports that… Read More

Ontario Looks to Facilitate Securities Crowdfunding with Interim Order

The Canadian Securities Administrators (CSA) has announced that in light of the COVID-19 crisis and difficulties regarding small businesses accessing capital, the Ontario Securities Commission (OSC) has made an interim local order that adopts the start-up crowdfunding regime currently in place in certain other Canadian… Read More

Digital Payments Surge in India with UPI Transactions Reaching Record Highs, Pakistan Also Seeing Rise in Online Transfers

Digital payments experienced a surge in India during July 2020. UPI transactions increased by 11% month-over-month to $38.7 billion in July. Unified Payments Interface (UPI) is an instant real-time payment system that has been created by India’s National Payments Corporation. It aims to facilitate inter-bank… Read More

Crypto Markets are Plagued with Manipulation, “Endless” Wash Trading, but Industry Execs are Confident about H2 2020 Performance: Report

The digital asset trading market did not perform as well during Q2 2020 when compared to Q1 2020, according to an industry research report from Token Insight. According to the report, the relatively poor performance of the crypto market during Q2 2020 may be attributed… Read More

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