October 22, 2020 @ 2:44 pm By Omar Faridi  |  

Emburse, a company focused on providing expense management solutions and accounts payable automation, has introduced Emburse Global Reimbursements – which is powered by global money transfer service provider, TransferWise (which recently booked its 4th year of profitability while processing £67 billion in transfers in the… Read More

October 22, 2020 @ 9:40 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

October 22, 2020 @ 8:03 am By Omar Faridi  |  

Anchorage, a company that aims to help institutional investors with adopting digital assets, has teamed up with Tokensoft to bring wrapped layer-one crypto-assets to the Ethereum (ETH) blockchain. Diogo Mónica, Co-Founder and President at Anchorage, explained that his organization will work with Tokensoft to offer… Read More

October 21, 2020 @ 11:27 pm By Omar Faridi  |  

MANTRA DAO (distributed autonomous organization), a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors, has announced the launch of MANTRA DAO’s third staking pool. The MANTRA team is also offering an OM (its native… Read More

October 21, 2020 @ 11:21 pm By Omar Faridi  |  

Pakistani Fintech firm SadaPay has appointed Safraz Baig, a former Careem executive, to lead its customer experience team. The SadaPay team claims that not many business leaders in Pakistan truly understand the value of great customer experience. They also note in a blog post that… Read More

October 21, 2020 @ 10:33 pm By Omar Faridi  |  

The CoinList team confirms that on October 15, 2020, their friends at NuCypher were able to launch their mainnet, bringing the NuCypher WorkLock period on CoinList to “a successful end.” CoinList noted that participants in the WorkLock were able to stake their Ethereum (ETH) directly… Read More

October 21, 2020 @ 10:01 pm By Omar Faridi  |  

Mark Smargon, CEO at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” has confirmed that the Fuse.io project has now been launched on ProductHunt… Read More

October 21, 2020 @ 9:20 pm By Omar Faridi  |  

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, notes that as the festive season begins in India, the company has seen a significant increase in demand for online “affordability” solutions from its… Read More

October 21, 2020 @ 9:16 pm By Omar Faridi  |  

Mastercard, IDEMIA, and MatchMove will be piloting a fingerprint biometric card in Asia in order to improve the security and safety of contactless payments. According to a release, Mastercard will be partnering with IDEMIA, which offers “Augmented Identity” solutions, and MatchMove, a Singapore-based Fintech firm…. Read More

October 21, 2020 @ 10:01 am By Omar Faridi  |  

Decred (DCR), a cryptocurrency that focuses on ensuring security and achieving scalability, is launching DCRDEX, which is the first “decentralized” digital asset exchange of its kind. DCRDEX won’t be charging trading fees and it’s reportedly the first non-custodial exchange to use a new order matching… Read More

October 21, 2020 @ 9:00 am By Omar Faridi  |  

Waves Association, a non-profit organization that’s focused on the development of innovative technologies for the Waves (WAVES) protocol, will be offering a grant program of 1 million WAVES tokens – which are valued at around $2.9 million at the time of writing. The grant program… Read More

October 21, 2020 @ 8:07 am By Omar Faridi  |  

Paulo Guedes, the Minister of Economy in Brazil, recently noted that the country is planning to join the Organization for Economic Cooperation and Development (OECD), which is an intergovernmental economic organization with over 30 member countries. The OECD aims to promote economic growth and also… Read More

October 21, 2020 @ 12:38 am By Omar Faridi  |  

UK-based Modulr, a Payments as a Service API Platform for digital businesses, has revealed that its Dublin-based entity is now licensed as an electronic money institution (EMI) by the Central Bank of Ireland. The Modulr team noted: “This is an important step in enabling our… Read More

October 20, 2020 @ 11:44 pm By Omar Faridi  |  

American Express (NYSE:AXP) and Coupa have announced that they’ll be expanding their existing partnership in order to bring virtual card payments to the US. According to a release, the American Express virtual Card payment option within Coupa Pay is now available globally, allowing companies to… Read More

October 20, 2020 @ 11:13 pm By Omar Faridi  |  

Triyono Gani, the head of digital finance innovation at Indonesia’s Financial Services Authority (OJK), notes that it may have taken a long time for people to understand one of Bill Gates’ quotes, “Banking is necessary, but banks are not.”  Gani points out that Gates actually… Read More

October 20, 2020 @ 11:02 pm By Omar Faridi  |  

Steve Robson, MD at CapitalStackers, a UK-based peer to peer (P2P) lending platform focused on real estate finance, notes that they’re working with a new borrower, a new location, and also a new bank. The company states in a blog post: “A highly attractive scheme… Read More

October 20, 2020 @ 10:41 pm By Omar Faridi  |  

Sky Guo, a founding member of OMFIF, an independent forum for central banking, economic policy and public investment, has reportedly been invited by the United Nations (UN) to talk about how foreign policy experts can take advantage of the latest digital technologies to address the… Read More

October 20, 2020 @ 10:10 pm By Omar Faridi  |  

The Wealthtech and cryptocurrency-focused Fintech sectors recently attracted substantial investments through several investment rounds. During the past week, there were around 28 funding rounds in the Fintech space. Companies working in several key areas managed to secure funding including those focused on cryptocurrency, Wealthtech, payment,… Read More

October 20, 2020 @ 10:01 pm By Omar Faridi  |  

Dr. Ahmed Abdulkarim Alkholifey, the Governor of Saudi Arabian Monetary Authority (SAMA), the nation’s reserve bank, says that central bank digital currencies or CBDCs seem to be promising and are worth further exploration. Dr. Ahmed’s comments came during a recent webinar held by the International… Read More

October 20, 2020 @ 9:37 pm By Omar Faridi  |  

The digital commerce sector is on track to surpass $4.6 trillion globally within the next two years, according to an update shared with Crowdfund Insider. Amazon, Walmart, and Costco alone are expected to generate sales and revenue valued at around $1 trillion during 2020. As… Read More