January 26, 2020 @ 9:00 am By Omar Faridi  |  

Portland-based WEX Inc. (NYSE: WEX), an established financial technology (Fintech) service provider, confirmed on January 24 that it’s planning to make two new acquisitions worth an estimated $1.7 billion. The Fintech firm has reportedly finalized an agreement to acquire Singapore-headquartered eNett, a provider of business-to-business… Read More

January 26, 2020 @ 7:17 am By Omar Faridi  |  

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

January 26, 2020 @ 3:29 am By Omar Faridi  |  

The Bank of England (BoE) is reportedly looking for a cloud build partner, which will be a part of its One Bank Service Transformation strategy. The UK’s reserve bank notes that it is planning to work with “an experienced partner to assist in design, construction… Read More

January 25, 2020 @ 1:33 pm By Omar Faridi  |  

Decentralized cloud computing developer Dfinity, which notably secured $102 million back in 2018, has unveiled what appears to be an “open version” of giant professional social network LinkedIn, referred to as “LinkedUp.” The LinkedUp app has reportedly been launched on Dfinity’s decentralized “Internet Computer,” instead… Read More

January 25, 2020 @ 12:36 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

January 25, 2020 @ 12:04 pm By Omar Faridi  |  

The World Economic Forum (WEF) has established what it says is the world’s first ever global consortium focused on creating a framework for the transnational governance of virtual currencies, which include stablecoins (digital currencies that are usually pegged to national fiat currencies). According to a… Read More

January 25, 2020 @ 11:02 am By Omar Faridi  |  

Dubai International Financial Centre (DIFC) Fintech Hive has announced the introduction of their investment-focused accelerator program for startups and other small companies in the Middle East, Africa and South Asia (MEASA) regions. The Fintech Hive Scale Up program will provide partnership and investment opportunities for… Read More

January 25, 2020 @ 10:30 am By Omar Faridi  |  

A group of around 70 Japanese lawmakers from the nation’s ruling Liberal Democratic Party is reportedly preparing a proposal that recommends issuing a virtual currency. Norihiro Nakayama, a member of the party and parliamentary vice-minister for foreign affairs, stated (on January 24): “China is moving… Read More

January 25, 2020 @ 9:58 am By Omar Faridi  |  

Brad Garlinghouse, CEO at privately-held Fintech firm Ripple, recently indicated that the San Francisco-based startup might launch an initial public offering (IPO) within the next year. While attending the World Economic Forum (WEF) in Davos, Switzerland, Garlinghouse reportedly told the Wall Street Journal (on January… Read More

January 25, 2020 @ 9:56 am By Omar Faridi  |  

Five lawmakers from the US state of Hawaii have proposed a new bill asking to give permission to financial institutions to offer custody services for digital assets. If the proposed Senate bill 2594 is approved, then it would become legal for Hawaii’s banks to custody… Read More

January 24, 2020 @ 4:37 pm By Omar Faridi  |  

SEI Ventures has teamed up with ForwardLane, a developer of artificial intelligence (AI)-powered intelligence to financial services professionals, in order to support the growth and for the provision of AI-enhanced insights for wealth management firms, asset managers and commercial banking institutions. SixThirty Global Fintech Fund… Read More

January 24, 2020 @ 2:28 pm By Omar Faridi  |  

BNP Paribas has teamed up with Tink in order to improve its account aggregation, payment initiation and personal money management services. The partnership between the two companies will involve Tink working with BNP Paribas’ Italy-based retail network Banca Nazionale del Lavoro (BNL). Tink’s solutions will… Read More

January 24, 2020 @ 1:20 pm By Omar Faridi  |  

Several US-based community banks have reportedly invested $9.5 million into artificial intelligence (AI)-enhanced, API-driven banking technology provider, called Neocova. Developed specifically for community banks, Neocova’s cloud-powered core platform handles the management of customers, their deposits, and any loan products they might be using. The latest… Read More

January 24, 2020 @ 12:51 pm By Omar Faridi  |  

New Jersey-based NICE Actimize, a subsidiary of Israel-headquartered NICE Ltd, recently confirmed that CipherTrace, a leading provider of digital currency intelligence and blockchain security, has joined the X-Sight Marketplace – which is an established platform for combating financial crime and ensuring compliance. The X-Sight Marketplace… Read More

January 24, 2020 @ 12:36 pm By Omar Faridi  |  

The rapidly evolving digital banking sector has been receiving a significant amount of venture capital investments. India-headquartered neobank Nupay recently acquired an undisclosed amount of capital from several investors led by integrated incubator and accelerator platform, Venture Catalysts. Navin Puri, ex-country head of Branch Banking… Read More

January 24, 2020 @ 12:15 pm By Omar Faridi  |  

Barclays Bank has teamed up with Fintech accelerator graduate and Insurtech platform Nimbla, which provides small and medium-sized enterprises (SME) the option to take out insurance against individual invoices, instead of the whole book. By using Nimbla’s platform, clients will be able to insure individual… Read More

January 24, 2020 @ 11:11 am By Omar Faridi  |  

The Digital Asset Human Capital Trends Report was recently commissioned by the Blockchain Association, an organization of active industry participants who promote efforts related to innovation and the collaboration needed to support US leadership of the crypto-assets sector. The companies included in the research sample… Read More

January 24, 2020 @ 11:02 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a leading international peer-to-peer (P2P) payments and money transfer service provider, revealed on January 23 that it has teamed up with the Suez Canal Bank, an established financial institution that will allow MoneyGram clients to send funds directly to the… Read More

January 24, 2020 @ 6:07 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE) will reportedly be running a public/private forum that will go into the relevant technical and public policy issues related to bank adoption of artificial intelligence (AI) and machine learning (ML) technologies and software…. Read More

January 23, 2020 @ 9:43 pm By Omar Faridi  |  

Poland-based Fintech firm Autenti has secured $4.48 million in funding from three banks including Alior Bank, BNP Paribas and PKO Bank Polski. Autenti offers a platform for digital agreement signing and provides a workflow for electronic documents. The firm’s management says that the capital will… Read More