Omar Faridi

UK Finance Reports that 70% of Automated Push Payment Scams Originated via Online Platforms

UK Finance, a trade association for the UK banking and financial services sector (representing around 300 local companies offering credit, banking, markets and payment-related services), has shared an analysis of almost 7,000 authorized push payment (APP) scam incidents. The analysis reveals that around 70% of… Read More

UK FCA Shares Plans for New Consumer Duty, Will Aim to Offer Greater Consumer Protection for Retail Financial Markets

The UK’s Financial Conduct Authority (FCA) has shared plans for a new Consumer Duty, which will aim to provide a greater level of consumer protection for retail financial markets for companies to follow. UK companies are currently required to adhere to FCA guidelines and various… Read More

EstateGuru Reports Over €14M in Financing Volume in April 2021, with German Market Becoming Main Contributor of New Projects

EstateGuru, a Lithuania-based debt crowdfunding platform, has published its Loan Portfolio Overview Report for April 2021. The report, released on May 14, 2021, notes that April’s financing volume was more than €14 million and the German market has become the primary contributor of new projects… Read More

Digivault Now the First Stand-Alone Digital Asset Custodian to Get UK FCA Approval to Store Bitcoin, Ethereum, USDC

Digivault, the “secure” digital asset custody business of Nasdaq listed Diginex Limited (Nasdaq: EQOS), has reportedly become the “first” stand-alone crypto custodian to receive approval from the UK Financial Conduct Authority (FCA) in order to register as a custodian wallet provider “under the Money Laundering,… Read More

UK Fintech Startup ilumoni Acquires £1.2M in Seed Funding, Receives FCA Authorization

ilumoni, a Fintech app that aims to assist consumers with borrowing, has secured £1.2 million in an over-subscribed seed funding round. ilumoni has finalized its round after introducing the Beta version of its app earlier this year. ilumoni is a “purpose-led,” AI-enhanced Fintech solution provider… Read More

Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority, Says DLT Platforms, Smart Contracts Can Make Calls to External Web Services

Contrary to “widespread” misconception, blockchain, distributed ledger technology (DLT) platforms and smart contracts are able to make calls to external web services, Dr. Joshua Ellul explains in an update shared with Crowdfund Insider. Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority; Expert Evaluator at… Read More

Banking Circle to Act as Front-Runner Bank in Creating Bulk-Clearing for Danish Krone after Joining P27 Nordic Payment Initiative

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

$100M+ Blockchain, DeFi, NFT Fund Launched by Global Blockchain Firm Huobi Group

Huobi Group, a global blockchain firm, revealed on Thursday (May 13, 2021) that it has introduced Huobi Ventures, which is a “wholly-owned” subsidiary focused on expanding Huobi’s venture investment portfolio. Huobi Ventures will also be supporting “innovative” blockchain or distributed ledger tech (DLT) initiatives via… Read More

Major UK Retailers and Business Organizations Commit to Cash-Friendly Pledge from Which?

Thousands of UK supermarkets and other retail outlets have reportedly committed to a “cash-friendly” pledge from Which?, an expert testing, reviewing, and advice service. According to the terms of the pledge, retailers are guaranteeing that they will keep taking physical currency notes and coins as… Read More

Pakistani Fintech SadaPay Shares How they Creatively Designed Payment Cards, Company Appoints New Head of Legal

Pakistani online payments Fintech SadaPay notes that it’s been well over three months now since they began rolling out their numberless debit cards. The SadaPay team points out that the designs “perfectly” fit their vertical debit cards. The company’s management noted that they wanted to… Read More

Fintech Wealthfront Appoints Entrepreneur Jaleh Bisharat to its Board of Directors

California-based Fintech company Wealthfront revealed on Wednesday (May 12, 2021) that marketing executive and entrepreneur Jaleh Bisharat has joined the firm’s Board of Directors. According to a release shared with CI, Bisharat has over 30 years of experience working as a marketing executive at major… Read More

Cardano Foundation Suggests Cardano x Tesla are “Obvious Match,” after Tesla Says it Won’t Take BTC Payments due to Environmental Issues

After Elon Musk’s Tesla announced that it would no longer accept Bitcoin payments due to concerns regarding the excessive consumption of electricity (and fossil fuels) in BTC mining, the Cardano Foundation has come forward to suggest that Cardano (ADA) and Tesla could potentially be an… Read More

Fintech Assets Experiencing Increased Demand as Big Data, AI, Data Analytics, Automation “Aggressively Disrupt” Sector: Report

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook,… Read More

UK’s Property Investment Marketplace CrowdProperty Launches Independent Australia Division

Property investment marketplace CrowdProperty has reportedly launched its Australia-based division in order to support property development in the country. David Ingram has been appointed as the Chief Executive for CrowdProperty’s business operations in Australia. CrowdProperty has issued over £100 million in loans to UK-based property… Read More

UK’s Prime Property Investment Platform CapitalRise has Returned Over £50M to Investors Since Inception

CapitalRise, the dedicated prime property investment platform, revealed on Thursday (May 13, 2021) that it has managed to return over £50 million to investors since launching its operations. According to a release shared with Crowdfund Insider, CapitalRise provided “an average return of 9.2 percent per… Read More

Bitcoin (BTC) Loses Considerable Ground in April, but Ethereum and Altcoins Reach New Highs, OKEx Reports

Bitcoin (BTC) lost considerable ground in April 2021, however, Ethereum (ETH) and other altcoins soared high, OKEx reports in a comprehensive crypto market update. April 2021 finally broke BTC’s winning streak “despite it being a historically positive month for price action,” the report from OKEx… Read More

Tencent Finance Academy and Hong University of Science and Technology to Support Fintech Education Programs

The Hong Kong University of Science and Technology (HKUST) has reportedly committed to a Memorandum of Understanding (MoU) with the Tencent Finance Academy (TFAHK) in order to support local Fintech talent. By leveraging HKUST’s solid academic foundation in Fintech and Tencent’s extensive industry experience, the MoU… Read More

London based Napier, Provider of Anti Financial Crime Compliance Tools, to Offer Transaction Screening to ClearBank

London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system. As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech… Read More

JPMorgan Is Working with Bahrain’s Central Bank and Bank ABC to Launch Real-Time Cross-Border Payments, May Work on CBDCs Later

The reserve bank of Bahrain is reportedly working with J.P. Morgan (NYSE:JPM) and Bank ABC in order to launch a real-time cross-border payments system (as part of a digital currency settlement pilot program). Bank ABC and J.P. Morgan will be conducting tests including the transfer of… Read More

Hong Kong based Digital Bank livi Is Offering New BNPL Product with a Mastercard Virtual Debit Card

livi bank, which is notably one of Hong Kong’s eight digital banks, is now offering a Buy Now, Pay Later (BNPL) service with the introduction of livi PayLater that provides an instant installment option along with a virtual Mastercard debit card. The livi PayLater BNPL… Read More

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