Omar Faridi

UK based Property Finance Platform LendInvest Claims it’s Well-Prepared to Deal with New COVID-19 Lockdown Measures

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

Vietnam’s Digital Wallet MoMo Acquires $100 Million in Capital via Series D Round led by Goodwater, Warburg Fincus

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

New Digital Banking Services to be Offered by Standard Chartered and Indonesia’s Bukalapak via the Nexus Platform

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

Fintech Firms in Indonesia Attracted Substantial Funding throughout 2020 Along with Digital Commerce and SaaS Platforms: Report

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

Mayor of Miami Says City is Considering Investing in Bitcoin (BTC) while Making its Business Environment More Appealing to Tech Firms

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

Fintech Infrastructure Developer Alchemy Partners Plaid to Help Businesses with Account and Asset Verification

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

Uma Rajah: CEO at CapitalRise, a UK based Prime Property Lending Platform, Reveals how Company Is Scaling its Business Model

We recently caught up with Uma Rajah, CEO and Co-founder at CapitalRise, a UK-based prime property lending platform. CapitalRise is an investment platform that seeks quality over quantity with just 2% of deals being approved by the platform. Sophisticated or high net worth investors may… Read More

ShareIn, an Edinburgh based Fintech that Powers Online Capital Formation, to Offer New Crowdfunding Product

ShareIn, an Edinburgh based Fintech that powers online capital formation, will be providing a new crowdfunding product in response to growing demand from its clients, according to the company. This, as the white labelling platform begins to pivot away from its role of serving as… Read More

UK’s National Standards Setting Organization, BSI, Releases Security Token Specification, Blockchain Industry’s First Cross-Chain Standards

The United Kingdom’s national standards organization, the British Standards Institute (BSI), had recently released the Security Token Specification, which is one of the industry’s very first cross-chain standards. The specification is referred to as “PAS 19668” and has been supported or sponsored by blockchain advisory… Read More

Ireland’s P2P Lending Platform Linked Finance Claims it has Received Record Levels of Interest from SMEs looking for Government-backed Loans

Ireland-based Linked Finance, a peer to peer lending platform, has reportedly received record levels of interest from SMEs that are looking for government-backed loans. After recently being approved to serve as a Coronavirus Credit Guarantee Scheme (CCGS) provider,  Linked Finance claims it has received a… Read More

Fintech Division of Grab Secures $300 Million in Capital via Round led by Hanwha Asset Management

Grab Financial Group (GFG), the Fintech services division of Grab, has revealed that it has secured more than $300 million in capital through its Series A investment round – which was led by Hanwha Asset Management Co. Ltd., a South Korea based asset management firm…. Read More

Alternative Credit Solution Provider FinScore Partners UnionBank to Provide Online Lending Services

UnionBank in the Philippines has teamed up with FinScore, an alternative credit scoring solution provider that’s powered by advanced analytics and the latest telco data. Through the partnership, both organizations will aim to promote market efficiencies and help consumers access a wide range of digital… Read More

Fintech Apps for Budgeting are Actually Leading to Consumers Spending More Money Instead of Developing Good Savings Habits: Report

Research carried out by Think Forward Initiative and Eller College of Management, University of Arizona reveals that so-called budgeting apps are actually causing consumers to spend more money instead of helping them develop good savings habits. The design of a budgeting app usually involves showing… Read More

Bitcoin, Ethereum, Altcoin Price Correction May have Been Due to “Extremely Overleveraged” Nature of Crypto Futures Traders: Report

Earlier this week, the Bitcoin (BTC) price fell sharply by around 30% (to about $31,000) as Wall Street bulls called for a technical correction, OKCoin reports. However, the Bitcoin (BTC) price has already recovered significantly. The digital asset is trading at nearly $38,000 at the… Read More

Over $400 Million Now Staked as Part of Ethereum 2.0 Staking Service Offered by Digital Assets Exchange Kraken

Digital asset exchange Kraken has issued an update on cryptocurrency staking options for Ethereum 2.0, a major (and very gradual) system-wide update of the Ethereum blockchain from its current proof-of-work (PoW) based consensus algorithm to a proof-of-stake (PoS) consensus mechanism. In December 2020, Kraken introduced… Read More

Rizal Commercial Banking Corporation’s Digital Banking Solution, DiskarTech, Is Now Number 1 Fintech App in the Philippines

DiskarTech, which is Rizal Commercial Banking Corporation’s (RCBC) digital banking platform, has become the number 1 finance or Fintech app in the Philippines to have launched services in 2020 across distribution platforms in terms of total downloads, according to App Annie (a provider of analytics… Read More

Gemini, a New York Trust Company and Qualified Custodian, Now has Over $10 Billion in Digital Assets under Custody

Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, revealed on January 12, 2020 that it has now surpassed $10 billion in digital assets under custody. The Gemini team confirmed in a blog post that they’re pleased to announce that the crypto firm now… Read More

Regtech: Ireland’s Compliance and Regulatory Reporting Tool Provider Carne Group Acquires €100M Equity Investment

Ireland’s Carne Group, the provider of regulatory reporting and compliance tools to the asset management sector, has acquired a €100 million equity investment from Vitruvian Partners. Established in 2004, Carne has 350 professionals on its payroll who are based in 8 different locations across the… Read More

Private Capital Markets Present the “Greatest Opportunities” for Tokenized Digital Assets, According to Industry Professionals

Mike Kühnel, Partner, Frankfurt at Bain & Company, Thomas Olsen, Partner, New York at Bain & Company, John Fildes, Expert Partner, Sydney at Bain, and Karl Gridl, Senior Manager, Zurich at Bain, have all co-authored a brief, titled “For Digital Assets, Private Markets Offer the… Read More

Instant Payments via Bank of Lithuania’s CENTROlink Platform have Increased by 4x Year-over-Year, Overall Transactions Doubled

Bank of Lithuania, the nation’s central bank, has revealed that the number and value of payments completed via its platform, CENTROlink, had doubled last year, while instant payments surged by around four times (when compared to previous years). Keeping these developments in mind, Bank of… Read More

Send this to a friend