Omar Faridi

UK based Fintech Proplend, a P2P Lending Platform, Claims its Loan Queries Doubled in June 2020

UK-based Proplend, a Fintech platform that matches demand for alternative property finance with investor demand for “inflation-beating returns,” has revealed that its loan queries doubled last month (month-on-month). The FCA approved peer to peer (P2P) lending platform claims that it’s expecting several new deals to… Read More

Fintech Executive Says COVID-19 has been the “Shot in the Arm” that Contactless Payments Needed, Now It’s Unsafe to Use Paper Currency

Jane Gladstone, the recently appointed president of Promontory Interfinancial Network, has been working in Fintech investment banking since the 1990s. Gladstone established a Fintech merger and acquisition (M&A) and advisory service during the 90s, while working at Morgan Stanley. Gladstone, the former senior MD at… Read More

China’s Fintech and Blockchain Sector are Supported by $616 Billion in R&D Resources: Report

The ongoing U.S.-China trade wars and the COVID-19 outbreak have negatively impacted China’s $11-$13 trillion economy, however, the nation’s technology sector continues to develop rapidly. The country’s tech industry is supported by $616 billion in research and development (R&D) resources. In addition to investing in… Read More

Aggregate Security Token Market Cap Increased Over 45% (Month-to-Month) to Nearly $145 Million in June 2020: Report

The Security Token Group (STG) has published the Security Token Market Report for June 2020. The team at STG claims that during the past 6 months, there’s been substantial growth in the blockchain-based security token sector. In May 2020, tZERO, the leading ATS in the… Read More

Around 66% of European Consumers Say COVID-19 has Accelerated Shift Towards Digital Onboarding, but 40% Can’t Access New Financial Services: Report

Around 40% of European consumers responding to a survey claim that they’ve not been able to access new financial services because of lockdown measures enforced after the COVID-19 outbreak. These consumers also said they’re unable to access digital platforms, which is why they can’t use… Read More

UK’s Alternative Business Funding Partners with LawBite, an Online Legal Platform, to Offer Assistance to SMEs Following COVID-19

UK-based Alternative Business Funding (ABF), a free and easy-to-use website for finding funding sources for SMEs, has teamed up with LawBite, an online legal platform powering a fully SRA regulated UK law firm that provides various legal services to small businesses. Through the partnership, the… Read More

Block.one’s Blockchain based Voice Network has Officially Launched, Plans to “Take Social Media Back” from Big Tech

Voice, a blockchain-based social media platform created by Block.one, the company behind EOS, a leading distributed ledger tech (DLT) development platform, has confirmed that it has officially launched. Voice is presently available only in the read-only mode for the general public. The social media network… Read More

Telegram to Shut Down its TON Test Network Next Month, After Paying $18.5 Million Fine to SEC, and Returning Investors’ Money

Telegram, a major social network with hundreds of millions of users, had attempted to raise funds through a digital asset offering. However, it recently decided to settle an enforcement action initiated by the US Securities and Exchange Commission (SEC). While Telegram claims it terminated its… Read More

London’s P2P Lender, Lending Works, to be Acquired by Intriva Capital, Subject to Regulatory Clearance

The team at Lending Works, a London-based peer to peer (P2P) lender, confirmed on July 3, 2020, that it’s pleased to report that, pending regulatory clearance, the lending platform is being acquired by Intriva Capital. On July 5, 2020, Lending Works was fully acquired by… Read More

Bitcoin Magazine, Bittrex, bitFlyer, CipherTrace, Circle, ConsenSys, LedgerX, Messari, Among Many Other Blockchain Firms have Received Funding via COVID-19 Linked PPP Scheme

The Trump Administration has released additional information regarding the recipients of the COVID-19 linked Payroll Protection Program (PPP). Brooklyn, New York-based ConsenSys, a leading Ethereum (ETH) development studio, and several digital asset exchanges were listed as beneficiaries of the recent PPP Coronavirus financial relief scheme…. Read More

UAE Fintech Spotii, which Offers a “Shop Now, Pay Later” Service without Charging Interest, Secures Additional Capital from Daman Investments

United Arab Emirates (UAE) based “Shop Now, Pay Later” Fintech Spotii announced on July 5, 2020 that Daman Investments had invested in its operations. Daman Investments is a non-banking financial services company that’s known for its involvement in the MENA region business sector. Spotii is… Read More

Cuy Sheffield, the Head of Crypto at Visa, Argues that Central Bank Digital Currencies Could be One of the Most Important Developments in the Coming Decade

Cuy Sheffield, the head of Crypto at Visa, says that central bank digital currencies (CBDC) could potentially prove to be one of most important developments in the coming decade. Sheffield, who previously worked in business development at TrialPay, is now responsible for overseeing Visa’s crypto-related… Read More

Digital Asset Platform Currency.com has Reportedly been Awarded a New DLT License by Gibraltar’s Financial Services Commission

Currency.com, a regulated digital assets platform, has reportedly been awarded a new distributed ledger technology (DLT) license by the Gibraltar Financial Services Commission (GFSC). As mentioned in a release shared with Crowdfund Insider: “The license allows [Currency.com] to use DLT for storing or transmitting value… Read More

South Korean Blockchain Project ICONLOOP Acquires $5 Million in Additional Investments, After Receiving Capital from $100 Million K-Growth Fintech Innovation Fund

South Korea’s ICONLOOP, a company that developed its own blockchain-powered engine, loopchain, which is used for various Internet services, has reportedly acquired KRW 6 billion (appr. $5 million) in additional investments.  The company has secured a total of KRW 16 billion (appr. $13.4 million) in… Read More

MENA Region Financial Hubs, the UAE and Qatar, Report Significant Increase in Digital Banking Activities during COVID-19

Abu Dhabi Islamic Bank (ADIB), a leading UAE-based financial institution, reports that it has experienced significantly increased levels of digital banking adoption across its retail and corporate services during H1 2020. As noted in a release, almost 60% of ADIB’s retail clients have been using… Read More

There are Reportedly Over 230 Blockchain or DLT focused Organizations Operating in Singapore

Several Singapore-based organizations recently teamed up to create a map of what the city-state’s blockchain or distributed ledger technology (DLT) sector looks like, and how it has grown considerably this year when compared to 2019. Many major DLT initiatives in the country are supported in… Read More

Binance has Reportedly been “Paying Great Attention” to Ontology’s Blockchain Governance and Economic Model, Might Consider Becoming a Node on the Chain

Li Jun, the founder of Ontology, a “high-performance” enterprise blockchain platform, recently noted that the Ontology development team has been working cooperatively with Binance and Binance.US on various ONT trading campaigns. The Ontology team members, whose comments came during a recent AMA session which aimed… Read More

Expedia’s 700,000+ Accommodations May Now be Booked with Crypto Payments via Travala.com

  Expedia has revealed that it will now allow its 700,000+ accommodations to be booked with digital currency payments via Travala.com, a crypto hotel booking platform. Travala.com’s management confirmed on July 6, 2020 that the company had added Expedia’s accommodations to its crypto-powered travel platform’s… Read More

Financial Crime Carried Out by Stealing Banking Customers’ IDs Increased by 15% (from 2018) to $16.9 Billion in 2019: Report

The use of stolen and synthetic identities to carry out fraudulent activities increased significantly in 2019, and the COVID-19 crisis might be making the problem even worse, according to a recently published  Identity Fraud Report from Javelin Strategy & Research. Financial losses due to identity… Read More

FInD, a Government of Maharashtra Initiative for Matching Indian Investors and Startups, Confirms that Yes Bank has Launched Fintech App Yuva Pay

FInD, a government of Maharashtra initiative that aims to match suitable investors and startups in India, confirmed on July 2, 2020, that Yuva Pay, which is part of FInD’s curated Fintech cohort, has teamed up with Yes Bank to introduce an integrated digital wallet platform…. Read More

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