Omar Faridi

Payments Platform Paysafe Introduces Secure and Easy Payment Method for Online Purchases Made in Cyprus

Paysafe, an established specialized payments platform, has introduced a new secure and easy payment method for internet-based purchases made in Cyprus. Customers can use the service to pay for items at almost all online retail outlets. Paysafecash was created by the same Paysafe development team… Read More

Shaun Djie: Co-founder at Digix, a Smart-Asset Firm Leveraging Blockchain to Manage Gold Investments, Reveals Keys Industry Trends

We recently caught up with Shaun Djie, co-founder and chief operating officer at Digix, one of the first “smart-asset” companies leveraging blockchain tech to account for the authentication and provenance of 99.99% investment-grade gold bullions. Shaun currently serves as a board member for Singapore’s IT… Read More

After UK’s Exit from EU, Vilnius Set to Become Largest Center in the Bloc for Regulated Fintech Firms: Report

The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More

Chainalysis: Binance, Huobi, other Major Exchanges Used to Transfer $2.8 Billion in Bitcoin to Criminals in 2019

Chainalysis, a leading blockchain analytics and cybersecurity firm, revealed on January 15, 2020 that it had managed to trace $2.8 billion in Bitcoin (BTC) being transferred to criminals via cryptocurrency exchanges in 2019, with the vast majority of these transactions going through Binance and Huobi,… Read More

France-based Mobile Payments Firm Lydia Secures $44.6 Million in Funding from Tencent, Open CNP, XAnge, New Alpha

Lydia, a France-based mobile payments firm, has acquired €40 million (appr. $44.6 million) in funding via a Series B investment round led by Chinese internet giant Tencent. Open CNP, XAnge and New Alpha also took part in the round. Established in 2013, the Lydia peer-to-peer… Read More

Banxa, a Provider of Fiat Gateway Infrastructure to Major Digital Asset Exchanges, Secures $2 Million in Funding

Banxa, an established provider of fiat gateway infrastructure to major digital asset exchanges such as Binance, has reportedly secured $2 million via a Series A investment round. The funding round was led by NGC Ventures, one of the most active investors in the crypto-asset and… Read More

India’s Amazon Pay Receives $19.3 Million Capital Injection from Singapore and Mauritius-based Parent Entities

Amazon Pay in India has received a capital injection of INR 13.5 billion (appr. $19.3 million) from its Singapore and Mauritius-headquartered parent entities, according to a filing with the registrar of companies (RoC). As noted in the financial documents available on business intelligence and information… Read More

Expertise in Blockchain or DLT Now the Number-One “Hard Skill” that Firms are Seeking on LinkedIn

Expertise or prior experience working with blockchain or distributed ledger technology (DLT) has quickly become the number-one “hard skill” that firms are now looking for on LinkedIn. According to a recently published job trends report, LinkedIn researchers examined user profiles who were “getting hired at… Read More

Netherlands-based Backbase Introduces New Managed Cloud Platform for Financial Insitutions

Netherlands-based Backbase has introduced its new managed cloud platform Backbase-as-a-Service (BaaS). It provides financial institutions access to the firm’s entire portfolio, which consists of various banking products and innovation tools. The online banking software developer officially launched the product at Backbase Connect, the firm’s annual… Read More

Fidelity Digital Assets to Offer Custody Services for Bitcoin Held by UK’s Nickel Digital Asset Management

Fidelity Digital Assets, the crypto investment arm of Fidelity Investments, a Boston, Massachusetts-based multinational financial services corporation with over $2.4 trillion of assets under management, is planning to offer custody services for Bitcoin (BTC) held by UK-based cryptocurrency investment company Nickel Digital Asset Management. Established… Read More

Mexico-based Fintech Firm Resuelve Tu Deuda Secures $24 million in Funding to Expand Business Operations

Mexico-based Fintech firm Resuelve Tu Deuda has secured $453 million pesos (appr. $24 million) in funding which includes both equity and financing in order to expand its business operations within and outside of the Latin American region. The company’s investment round was led by Alloy… Read More

Very Few Financial Advisors Have Allocated to Digital Assets, But Intend to Invest More in Crypto in 2020: Report

A survey recently published by Bitwise Asset Management reveals that very few financial advisors have allocated digital assets for their clients’ investment portfolios, however, more claim they’re planning to invest in cryptocurrencies this year. More than 400 financial advisors responded to Bitwise’s survey in December… Read More

Financial Giant HSBC Voted Leading Trade Finance Bank in Bahrain in EuroMoney’s 2020 Survey

HSBC, a British multinational investment bank and financial services holding company with over $2.5 trillion in total assets, has reportedly been voted as the leading trade finance bank in the Middle Eastern country of Bahrain in the Euromoney trade finance survey for 2020. This is… Read More

Australia-based Power Ledger, a Blockchain-enabled Energy Solutions Provider, Acquires 250 kW Photovoltaic System

Australia-headquartered Power Ledger, a blockchain-based energy solutions provider, has reportedly acquired a 250 kilowatt (kW) photovoltaic system that will use a distributed ledger technology (DLT)-powered data management and settlement platform. According to a press release, Power Ledger acquired the system from Perdaman Advanced Energy, an… Read More

“Beijing Tong,” a Mobile App Developed by Beijing’s Municipal Government, Registers Data on “Menu Blockchain” System

“Beijing Tong,” a mobile-based app developed and released by Beijing’s municipal government, has reportedly registered data from more than 1,000 local business offices on its “menu blockchain” system. Confirming the development on January 11, 2020, during a scheduled session of the Municipal People’s Congress, Feng… Read More

Alex Wang: Ember Fund CEO Explains how his Company Intends to Make Cryptocurrency Investment Opportunities More Accessible

Ember Fund is a company that aims to fundamentally change the way people make investments in digital assets. The firm has created a technology solution that allows people to easily buy into a managed portfolio of digital currencies. The Ember Fund team intends to bring… Read More

Qatar Financial Center Records 33% Growth with Over 800 Fintech, IT, Tax, and Investment Consulting Firms Now Part of the Organization in 2019

The Qatar Financial Center (QFC), one of the largest and fastest-growing business and financial centers in the Middle Eastern country, ended 2019 with a significant 33% growth, as nearly 200 companies registered on QFC’s platform. The number of firms establishing operations out of the QFC… Read More

Over 60% of United Arab Emirates’ Adult Working Population Is Still Not Using Modern Financial Services: Report

Dubai UAE Beach Camels fredrik-ohlander-unsplash

The global payments industry is evolving rapidly and will only be developing faster in the coming years according to several reports. From digital transformation efforts to the increasing competition among Fintech firms to innovate, it is becoming more important for companies to upgrade their tech… Read More

LHV, a Fintech Banking Platform and Payments Services Provider, Is Offering Real-Time Pound Payments via UK’s Faster Payments Scheme

LHV, a Fintech-focused banking platform and payment services company, is now offering real-time British pound (GBP) payments through the United Kingdom’s Faster Payments initiative. LHV is reportedly the first banking service provider that’s providing real-time euro payments through the Single Euro Payment Area Instant (“SEPA… Read More

More than $1.4 Billion in Capital Secured by Australian Fintech Firms in 2019

More than $1.4 billion in capital was secured by Australian Fintech firms in 2019 across 38 deals or partnerships, setting a new record. The significant increase in financial technology investments may be attributed (partially) to the rising number of rounds of at least $100 million,… Read More

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