February 8, 2022 @ 8:16 pm By Tony Zerucha  |  

Aliaswire, a provider of digital payment and credit solutions, today announced the addition of a new bank account validation (BAV) solution for banks and their commercial clients. The company said it is in preparation for the pending enforcement of a new web debit rule which… Read More

February 8, 2022 @ 3:09 pm By Tony Zerucha  |  

Betterment, an independent digital investment advisor, has entered into an agreement to acquire cryptocurrency portfolio management company Makara. The move allows Betterment clients to invest in diversified cryptocurrency portfolios alongside their current investments. Makara personnel will move over once the deal is finalized later this… Read More

February 6, 2022 @ 11:07 pm By Tony Zerucha  |  

For only €100, participants on French crowdfunding site WiSEED can pursue attractive returns while also improving the world they live in. The platform prides itself on improving financial literacy, providing a transparent look into how it selects opportunities, and its commitment  to providing alternative financing… Read More

February 4, 2022 @ 7:14 pm By Tony Zerucha  |  

The latest State of Insurance Fraud Technology from the Coalition Against Insurance Fraud shows some changing patterns over the past two years. The fifth iteration of the report, its results are based on the results of a 20-question survey answered by 80 members representing a… Read More

February 4, 2022 @ 3:43 pm By Tony Zerucha  |  

Barclays today announced Rainmaking, a corporate venture builder, will help it launch a new suite of initiatives targeted at fintech founders across the globe to help grow and develop their companies. The first to launch is the Rise Start-Up Academy, a virtual digital skills-building accelerator… Read More

February 4, 2022 @ 2:54 pm By Tony Zerucha  |  

HackerOne, a hacker-powered security platform, has raised $49 million dollars in a Series E funding round. The funding, led by investment firm GP Bullhound, brings total investment to date to nearly $160 million. It follows an eventful year in cybersecurity, culminating in the Log4j vulnerability… Read More

February 4, 2022 @ 12:47 pm By Tony Zerucha  |  

India is to tax and regulate Bitcoin and crypto after previously considering a ban, which could be the next step towards making it legal tender in the country, suspects deVere Group CEO Nigel Green. Green’s assessment comes as Indian Finance Minister Nirmala Sitharaman announced a… Read More

February 4, 2022 @ 12:17 pm By Tony Zerucha  |  

New research from GNY, a blockchain-based machine learning business, reveals that of those people who trade at least $1,000 a month in Bitcoin, 25 per cent are trading $4,000 or more.  Just 11 per cent say they trade around $1,000 a month, with 34 per… Read More

February 3, 2022 @ 8:26 pm By Tony Zerucha  |  

New research from European digital asset hedge fund manager Nickel Digital Asset Management reveals institutional investors and wealth managers have dramatically increased their allocation to cryptocurrencies and digital assets over the past 12 months. The survey of professional investors from the US, UK, Germany, France,… Read More

February 3, 2022 @ 5:48 pm By Tony Zerucha  |  

Look for the use of artificial intelligence (AI) in customer service to grow in 2022 TelcoSwitch CEO Russell Lux said. The growth will continue with automated chatbots which are deployed in customer contact centres and will extend to call analytics. The importance of both have… Read More

February 2, 2022 @ 10:25 pm By Tony Zerucha  |  

The Central Bank of Kuwait this week released guidelines for digital banks. They said this falls within its overall efforts to utilize the latest advancements to bolster financial stability, encourage innovation, and meet future economic needs. Governor Dr. Mohammad Y. Al-Hashel said guaranteeing the smooth operation… Read More

February 2, 2022 @ 7:17 pm By Tony Zerucha  |  

Kirobo, a decentralized finance application developer, has partnered with Evai, an AI-driven decentralized crypto asset rating platform. Besides a shared client base and investment opportunity agreement, the partnership includes a series of mutual integrations, bringing the users of Kirobo’s Liquid Vault built-in instant analytics on all… Read More

February 2, 2022 @ 5:58 pm By Tony Zerucha  |  

New data revealed by Splitit, a provider of installment purchase capability for merchants, indicates a closer correlation between credit cards and buy now, pay later (BNPL), as 60 per cent of consumers would prefer to use a BNPL option with existing credit cards versus opening… Read More

February 2, 2022 @ 1:17 am By Tony Zerucha  |  

Southeast Asian open finance platform Ayoconnect has closed a $15 million Series B financing round led by Tiger Global. The round was joined by PayU, the payments and Fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid co-founder William… Read More

February 1, 2022 @ 9:52 pm By Tony Zerucha  |  

HashKey Group, a digital asset financial services group in Asia, announced its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US $360 million. The newly raised capital will be used to fund entrepreneurs and startups… Read More

February 1, 2022 @ 9:29 pm By Tony Zerucha  |  

The Reserve Bank of India plans to launch a digital rupee in the 2022-23 fiscal year that begins on April Fools’ Day, Finance Minister Nirmala Sitharaman said today, saying it will boost the digital economy. She made the comments while delivering the country’s annual budget…. Read More

January 30, 2022 @ 8:00 pm By Tony Zerucha  |  

As the company enters its tenth year in operation, digital bank N26 has grown and adjusted with, the times. The company was founded in 2013 by Valentin Stalf and Maximilian Tayenthal and launched their first products in 2015. In 2016 they secured a full European… Read More

January 28, 2022 @ 9:04 pm By Tony Zerucha  |  

KKR, a global investment firm, and GrowSari, a B2B e-commerce platform serving micro, small and medium-sized enterprises in the Philippines, this week confirmed KKR will invest US$45 million to lead GrowSari’s Series C funding round. The funds will support regional expansion and product development capabilities…. Read More

January 27, 2022 @ 4:13 pm By Tony Zerucha  |  

Fintech infrastructure provider TrueLayer this week added five countries to its open banking platform while increasing their coverage in the Netherlands and Spain to 99 per cent, its vice president and European general manager Joe Morley said in a blog post. TrueLayer’s platform now covers… Read More

January 27, 2022 @ 4:10 pm By Tony Zerucha  |  

Fintech firm XREX announced today it has obtained the money services business (MSB) license from the Financial Transactions and Reports Analysis Centre (FINTRAC) under the Canadian government. The license allows the Taipei-based company to extend its crypto-fiat exchange services, which include cross-border payments, remittances, global… Read More