Omar Faridi

Digital ID Verification Service IDnow Acquires identity Trust Management AG, a Global Provider of ID Software from Germany

IDnow, a provider of identity verification-as-a-service solutions, will be acquiring identity Trust Management, a global provider of digital and offline ID verification software from Germany. IDnow confirmed that it would continue to maintain identity Trust Management’s Düsseldorf location and will retain its employees as well…. Read More

Blockchain Nation Switzerland Initiative Launched with Support from Innosuisse and Swiss Innovation Agency

The Swiss Blockchain Federation has introduced the NTN Innovation Booster, called the Blockchain Nation Switzerland program, which is a 4-year initiative that has been co-funded by the Swiss Innovation Agency and Innosuisse. The Blockchain Nation initiative will be focused on promoting and supporting blockchain or… Read More

Open Banking Regulatory Framework in Thailand has Not Yet Been Fully Launched, but Digital Tech Adoption Remains Steady

There are no extensive regulations yet on Open Banking in Thailand, however, the government’s digital transformation strategy (and the Thailand 4.0 strategy) along with the introduction of the Personal Data Protection Act (PDPA) in 2020 indicate that the country may soon offer an Open Banking… Read More

Blockchain Interoperability: IOST Partners Polkadot for Cross-Chain Tech Breakthrough, Testnet for Cross-Chain Bridge Completed

IOST has teamed up with Polkadot for a cross-chain interoperability “breakthrough” and successfully completed the testnet for its cross-chain bridge. With the rise of cross-chain (communicating between different blockchains) technology leader Polkadot in 2021, side-chain and cross-chain technologies are now a “must-have” for public or… Read More

Blockchain Project Casper’s Mainnet to Launch in Mar 2021, its Token Sale will be first CoinList Sale this Year

In anticipation of its mainnet launch and token sale to be conducted via CoinList during March 2021, Casper has emerged as one of the “most talked-about” projects in the blockchain industry. As mentioned in a blog post by CoinList, when you “dig” into the technology,… Read More

Switzerland’s Fintech Sector Continues to Grow but Certain Segments have been Stalling: Report

Although the Swiss Fintech sector continued to grow last year, a closer examination suggests that certain segments showed signs of stalling or becoming a bit stagnant. It’s one of the main findings of this year’s Fintech research study by the Lucerne University of Applied Sciences… Read More

UK Research and Innovation Initiative to Invest £153M in Quantum Tech which will Significantly Impact Financial Services

The UK government, via the UK Research and Innovation (UKRI), is planning to invest £153 million, in order to create new products and services that are based on recent advancements in quantum technologies. Quantum tech is expected to have a major impact on the financial… Read More

Uniswap UNI Token was “Shining Star” of DeFi this Past Week, while Ethereum based NFTs Rising in Popularity, OKEx Reports

Decentralized finance (DeFi) continues to lead the cryptocurrency market bull run, while Bitcoin  (BTC) is “holding steady” according to a report from OKEx. The exchange noted that last week’s digital assets price action may have “some of you ready to exit the roller coaster,” but… Read More

Banking Execs are Now Saying it’s Necessary for Employees to Return to Physical Office, Work from Home Isn’t Ideal Solution

The COVID-19 outbreak may have served as proof for many banking institutions that working fully remotely is quite possible when the need arises. However, it may also have its downside or disadvantages. Some senior banking professionals are now saying that it’s become necessary for workers… Read More

Chinese Regulators have Instructed Banking Institutions to Trim Loan Books to Guard Against Capital Market Bubbles

China’s regulatory authorities have reportedly been telling local banking institutions to “trim” their loan books during 2021 to guard against potential risks resulting from bubbles in domestic capital markets. This, according to an update from Reuters which cited sources familiar with the matter (on March… Read More

More than $140M in Equity Capital and $210M in Debt Capital Raised by PitchIt Startup Competition at LendIt Fintech USA

The team at LendIt Fintech USA notes that if the last year has taught us anything, it’s that “innovation” in Fintech has only just started. LendIt Fintech is now challenging early-stage company founders to “”take a chance and compete in PitchIt.” PitchIt at LendIt Fintech… Read More

YIELD Fintech Investment App Is Now Offering Up to 20% APY on Ethereum (ETH) Deposits as DeFi Market Continues to Evolve

The developers of the YIELD Fintech investment App have launched their Ethereum (ETH) fund, which will allow their users to earn as much as 20% APY on cryptocurrency’s second-biggest asset, Ether . The YIELD App team noted that this adds to their current “stable of… Read More

Bridge Mutual, a “Decentralized” Discretionary Risk Coverage Platform for DeFi, to Make it Easy to Acquire Insurance Coverage for Assets

With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued. However, with many new exploits frequently taking place, there’s been significant… Read More

Acquisition of Jay-Z’s Tidal by Square to have No Material Impact on Fintech Firm’s Revenue, Company Says, as Analyst Breaks Down the Deal

Rob Walker, a Senior writer at Marker on the intersections of design, consumer culture, branding and business, is asking whether Jack Dorsey is playing Jay-Z, or is the billionaire hip-hop artist and entrepreneur playing the Twitter and Square CEO? Walker, a longtime NYT contributor and… Read More

Goldman Sachs Bitcoin Survey Reveals Most Investors are Bullish on Cryptos like BTC and Ethereum (ETH)

The majority of Goldman Sachs (NYSE:GS) clients are bullish on the future performance of decentralized cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The giant Wall Street investment bank has shared the results of a client survey revealing that 61% of respondents believe their crypto-asset… Read More

Digital Banking Challenger Current Reveals that Average Tax Refund Size Is Just Over $2K, Money Sent with Current Pay Increased Nearly 10%

Current, one of the leading digital banks in the US, reveals that it’s been a busy few weeks at the company as they began receiving tax refunds for thousands of clients five working days faster than regular banks. Current claims that most of the money… Read More

Moving Money in 2021 Should be Like Sending an E-mail – Instant, According to Nick Catino from Cross-Border Payments Fintech Wise

Nick Catino, who is responsible for Policy, Campaigns, and Regulatory Strategy at Wise (formerly TransferWise), notes that payments are the part of finance that consumers experience “most on a day-to-day basis.” Catino also mentioned that there are certain important initiatives that will help “ensure the… Read More

Singapore based Insurtech Symbo Secures $9.4M to Expand Coverage Across India and Southeast Asia

  Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia… Read More

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base… Read More

SEC in Thailand Is Reportedly Backing off its Initial Plan to Set 1M Baht Minimum Annual Income Requirement for Crypto Investors

The Securities and Exchange Commission (SEC) in Thailand is reportedly backing off its initial draft plan that would have required a 1-million-baht (appr. $32,800) minimum annual income and various other requirements for local crypto investors. The Thai SEC clarified that the draft bill was meant… Read More

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