Omar Faridi

BT, Barclaycard Payments to Offer Exclusive Benefits for UK Micro-Businesses

BT has announced Barclaycard Payments as the latest business “to join its new partnership network, aimed at helping the UK’s smallest firms to grow.” Barclaycard has signed up to BT’s partnership network, “following The Federation of Small Businesses (FSB), with the aim of delivering a… Read More

Abrdn Acquires Stake in Crypto-Asset Exchange Archax

Investment management firm abrdn (LON: ABDN) has reportedly become the largest external shareholder in the United Kingdom’s “first” regulated digital securities exchange, Archax. Terms of the transaction have not been shared publicly. Archax was established around 4 years ago in order to offer access to… Read More

Digital Transformation: ANZ New Zealand to Transition to FIS Modern Banking Platform

ANZ Bank New Zealand Ltd has selected financial technology platform FIS (NYSE: FIS) to enhance its core banking capabilities. ANZ New Zealand will be “the first bank outside the U.S. to utilize FIS’ Modern Banking Platform, which is deployed on Microsoft Azure.” FIS’ Modern Banking… Read More

BlackRock Introduces Private Trust to Give Customers Exposure to Spot BTC

BlackRock (NYSE: BLK) has introduced a private trust providing institutional customers in the US with direct exposure to Bitcoin (BTC). The world’s largest asset manager confirmed the release of the new product in a blog post, however, the firm has not yet provided extensive details…. Read More

Ripple Labs Inc Is Reportedly Looking into Acquiring Assets of Bankrupt Crypto Lender Celsius

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

Contactless Payments: Visa, Metrolinx Support Tap to Pay to Transit in Toronto

Visa (NYSE: V) announced that Visa tap to pay will officially “arrive on GO Transit, and has launched on the UP Express, making it easier to travel on transit by offering riders a contactless payment option with their Visa credit card or payment-enabled device (e.g…. Read More

Digital Asset Platform 1inch Teams Up with KuCoin Wallet

The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.” As noted in an update shared with CI, the 1inch Network confirmed that the 1inch… Read More

Payments Fintech Thunes Enters Saudi Arabia, Appoints Country Head

Thunes, a cross-border payments company, recently announced that it is accelerating the expansion of its services in the MENA region, “setting up an office in the Kingdom of Saudi Arabia, and appointing a new country head – Ahmad Yaacoub.” Thunes is also “in advanced stages… Read More

Wealthtech Startup Farther Secures $15M via Series A

Wealthtech Farther announced raising $15 million in a Series A funding round, which was “led by Bessemer Venture Partners and included Khosla Ventures and MassMutual Ventures as new investors.” They join existing investors, Moneta Venture Capital, Context Ventures, and Cota Capital. The investment round “brings… Read More

Binance Labs Invests in Ankr, a Web3 Infrastructure Platform

Binance Labs, the venture capital arm and accelerator of Binance, has made “a strategic investment in Web3 infrastructure provider Ankr.” The funds will go toward “ramping up the work on Ankr’s remote procedure call (RPC) service and building out its Web3 developer suite.” Ankr has… Read More

Injective Acquires $40M from Jump Crypto, BH Digital to Support Growth

Injective, a blockchain built for finance, recently announced a new $40 million funding round led by Jump Crypto. BH Digital, the crypto arm of famed hedge fund manager Alan Howard, has also joined the investment round. Injective claims it is “the first fully decentralized smart… Read More

TNS Introduces Market Data Services for Borsa Istanbul

Transaction Network Services (TNS) is now connected to Borsa Istanbul (BIST) as a market data vendor. Opening up access to Turkey’s sole exchange with order routing and market data connectivity to the BIST matching engine in Istanbul “allows TNS’ customers to capitalize on trading activities… Read More

Upper90 Secures $180M for Fund III Launch to Help Startups Access Credit

Upper90, a provider of hybrid growth capital, has raised $180 million in “a capped initial closing for its third fund.” Commitments came from “a strategic investor base of 300 entrepreneurs to help founders scale with less dilution.” The firm claims it has “pioneered a new… Read More

Figure’s “Banking in a Box” Platform to Offer Issuing Processing Services

Figure Technologies, Inc., a key player in transforming financial services through the power of blockchain tech, announced a collaboration with Visa “to provide issuing processor services via Figure’s blockchain-based Banking in a Box platform.” Visa DPS, used by financial institutions around the globe, will be… Read More

Trovata Execs Comment on Role of Open Banking, Variable Recurring Payments, Other Fintech Trends in Banking

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

epay Chooses Berlin’s Fraugster to Enhance Fraud Prevention Services for its Payment Processing

Fraugster, a payment intelligence company, has been selected by epay “to pilot AI payment fraud prevention services.” epay is “a full-service payment provider” and the digital payments processing business segment of the financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT). epay’s worldwide… Read More

Cross-Border Payments Fintech LianLian Global to Expand Operations to the UK

LianLian Global, a cross-border payment service provider, announced the expansion of its cross-border digital payments platform to the UK, “with additional support for customers to secure financing through LianLian Global.” The LianLian Global cross-border digital payments platform is “designed to help UK ecommerce merchants and… Read More

CBDCs: InvestHK Teams Up with HKMA to Introduce Central Bank Digital Currency Initiative

Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022, “giving local and global firms valuable opportunities to partner with the central banking institution to boost… Read More

Payments Fintech Finix Secures an Additional $30M

Finix, the payments technology company for software platforms, announced that it has raised $30M in fresh capital, “bringing the company’s total funding to $133M.” Finix raised “at an increased valuation despite the more challenging economic environment this year.” New and existing investors, “including The General… Read More

Stock Exchange of Thailand Introduces Initiative to Help Capital Markets Professionals

The Stock Exchange of Thailand (SET), in partnership with Bloomberg, has reportedly established a “Fin Lab” in order to support the next generation of capital markets professionals. Supported with a suite of market data and analytical tools from Bloomberg, the Fin Lab has entered working… Read More

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