Omar Faridi

Fintech QPS Global to Expand UAE, Saudi Arabia, Qatar, Oman, Kuwait Business Operations

US Fintech company QPS Global recently revealed that it will be expanding its business operations in the Middle East. The company confirmed that it will be allocating $10 million in capital into the region within the next 12 months. The B2B card issuance and processing… Read More

Payments Fintech NextPay, which Supports SMEs in Philippines, Secures $1.6M via Seed Round from Golden Gate Ventures, Others

NextPay, a digital platform that provides business owners and entrepreneurs with banking services, has acquired $1.6 million (more than P80 million) in capital via a seed round. As noted by its management: “NextPay is the best alternative to bank accounts for small businesses and entrepreneurs… Read More

Low Code App Development Platform Mendix Teams Up with CLEVR to Support Software Development

Mendix, a low-code app development platform, reveals that it has partnered with CLEVR. CLEVR employs the world’s largest team of Mendix experts, according to a release shared with CI. The company is on a mission to use low-code and no-code tools “to raise the bar… Read More

Multi Cloud Decentralized Storage Options are Being Offered by Akash Network and Filebase

The Akash Network and Filebase will be providing multi-Cloud decentralized storage options, according to an update shared with CI. Today, Akash Network, an open-source, decentralized Cloud revealed that they’ve partnered with Filebase, the world’s “first object-based storage” platform in order to offer multi-Cloud, decentralized web… Read More

AI Conversational Chatbot Creator, Kasisto, Secures $15.5M via Series C led by Naples Technology Ventures, NCR Corporation

Kasisto, the developer of a conversational AI chatbot, has finalized a $15.5 million Series C round that has been co-led by new investors Naples Technology Vendors and NCR Corporation. Kasisto’s KAI digital experience platform is currently being used by major financial institutions such as JPMorgan,… Read More

Binance Regulatory Crackdown Continues as Securities Commission Malaysia Announces New Enforcement Actions Against Crypto Exchange

The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

UK’s Digital Bank Monzo Is Facing Potential Money Laundering Charges by FCA, Reports Annual Loss of £130 Million

Gavel Court Legal Trial Law rawpixel unsplash

UK-based digital bank Monzo is currently facing a civil and criminal money-laundering investigation that is being carried out by the Financial Conduct Authority (FCA). Monzo‘s management disclosed these details in its annual report that was released on Friday (July 30, 2021). For the second straight… Read More

Blockchain Analysis Firm Chainalysis Adds Six DeFi focused Cryptocurrency Tokens

Blockchain analysis firm Chainalysis has added advanced investigation and compliance support for six more widely-used ERC-20 tokens. All six crypto tokens are decentralized finance or DeFi related and five of them “specifically belong to top DeFi protocols,” the blockchain firm noted in a recent update…. Read More

Banking, Fintech Report Highlights UK’s Fast-Growing Financial Tech Space, while Challenges Include Centralized Cloud Providers

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More

Latvia based P2P Lender Sun Finance Exceeds €1B in Loans Issued with €95M Net Portfolio

Latvia-based P2P lending platform Sun Finance has exceeded the €1 billion (appr £851.7 million) milestone in the total loans provided. The company reveals that it’s on track to end 2021 with €200 million in earnings. Established in January 2017, the Sun Finance platform has managed… Read More

Real Estate Report: UK Property Prices Surge 13.4% YoY, the Largest Increase in 17+ Years

The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More

Payments Council of India Welcomes RBI’s Move to Permit Approved Non Bank Payment Providers to Participate in Centralized Payment Systems

Welcoming the Reserve Bank of India’s (RBI) move to permit authorized or approved non-bank payment system providers to take part in centralized payment systems (CPS), the Payments Council of India (PCI), the nation’s largest industry body for the non-banking digital payments ecosystem, has confirmed that… Read More

Wealthtech Addepar has Raised Nearly $500M to Date, Now Tracking Over $2.9T in Assets

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, had secured $150 million in capital in June of this year. Addepar‘s management recently revealed that they’re planning to further expand business operations outside the US. The company confirmed that it’s hiring… Read More

Pascal WealthTech Is Offering InvestorEQ, a Behavioral Finance Tool to Support Financial Advisors

InvestorEQ, the powerful behavioral finance tool at the core of Pascal’s integrated digital wealth management platform, is currently available as a “standalone” tool for financial advisors. Powered by Syntoniq, global leaders in behavioral science, InvestorEQ leverages “scientifically validated” psychometric modules in order to assist financial… Read More

Transcend, which Focuses on De-Risking Collateral Decision-Making, Appoints Rajen Patel at its London Offices

Transcend, an established provider of analytics, optimization, and automation for collateral, liquidity, and funding, has reportedly hired Rajen Patel who will be leading European sales, strategy and the firm’s ongoing expansion efforts. As Transcend continues to expand its international presence and customer base, it is… Read More

Assetz Capital Shares Key Features of Their Recovery Loan Scheme Backed Facility

The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More

European Personal Finance Firm luteCredit Shares Unaudited Results for 2021

IuteCredit, a European personal finance firm, has shared its unaudited results for the first 6 months of 2021. As noted by the Mintos team, luteCredit has reported its operational, strategic, and financial highlights of its business, as well as comments from its Chief Executive. Operational… Read More

Digital Asset Firm OKEx Reveals that OKExChain Hit Over $1B in Total Value Locked in Past 24 Hours

The team at digital assets firm OKEx reveals that OKExChain (OEC) has hit over $1 billion in total value locked (TVL) in just the past 24 hours. As previously reported, OKExChain is a set of open-source blockchain projects developed by OKEx. They aim to support… Read More

Ethereum and Web 3.0 focused SKALE Network Rolls Out First Set of dApps for MainNet Launch

SKALE Network, the multichain network of “unlimited” Ethereum blockchains for powering Web 3.0 today, has initiated a roll out of the first decentralized applications (dApps) to go live on Mainnet. As mentioned in an update shared with CI, the release of the SKALE IMA bridge… Read More

UK based Invoice Financing Platform MarketFinance Explains how SMEs May Address Late Payment Issues

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More

Send this to a friend