October 19, 2021 @ 9:18 pm By Tony Zerucha  |  

The convenience of contactless payments is outweighing consumers’ perceived security concerns, according to the latest Generation Pay research by Worldpay from FIS. Contactless payments have increased over the past year, with 55 per cent of all UK credit and debit transactions being made via contactless… Read More

October 19, 2021 @ 9:04 pm By Tony Zerucha  |  

The Financial Health Network today unveiled the Financial Health Pulse: 2021 U.S. Trends Report. The report, now in its fourth year, provides competing narratives of financial health in America as the pandemic “recovery” sits at an inflection point. The Nation’s Financial Health is Slowly Improving Overall… Read More

October 19, 2021 @ 8:58 pm By Tony Zerucha  |  

TripleBlind, a private data sharing company that offers a proprietary cryptographically-enforced data privacy solution, this week announced it has received $24 million in an oversubscribed Series A funding led by General Catalyst and Mayo Clinic. This round follows TripleBlind’s pre-seed raise of $8.2 million announced… Read More

October 19, 2021 @ 8:48 pm By Tony Zerucha  |  

In an effort to increase awareness about a frightening cybersecurity threat that continues to impact businesses around the globe, Arkose Labs on Monday kicked off the inaugural Credential Stuffing Week. With credential stuffing (also known as password spraying or account takeover), stolen data like usernames,… Read More

October 18, 2021 @ 10:57 pm By Tony Zerucha  |  

Indian bank ICICI Bank this week announced the launch of Home Utsav, a virtual property exhibition that digitally showcases real estate projects by developers from cities across the country. The exhibition offers convenience to prospective home buyers as they can select a home by browsing… Read More

October 18, 2021 @ 10:27 pm By Tony Zerucha  |  

NFT marketplace creator and B2B SaaS provider NFTically has confirmed seed funding of under $1 million from an investor group including Nazara Games exec Nitish Mittersain, Unacademy co-founder Gaurav Munjal, Udaan co-founder Sujeet Kumar, Bollywood actor Kunal Kapoor, and Coinbase CPO Surojit Chatterjee. The funds… Read More

October 15, 2021 @ 5:28 pm By Tony Zerucha  |  

Asian API infrastructure company M2P Fintech this week announced a $35 million Series C round. Tiger Global Management led the raise with participation from existing investors BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital and the DMI Group via its investment vehicle Sparkle… Read More

October 15, 2021 @ 3:53 pm By Tony Zerucha  |  

Data and artificial intelligence company Databricks has become a gold partner in FinTech Australia’s corporate partnership program, the agency announced this week. It joins other major technology companies such as Facebook, Google, Amazon Web Services (AWS) and Xero, all of whom have become members in… Read More

October 15, 2021 @ 1:30 pm By Tony Zerucha  |  

Singaporean Fintech Thunes, a provider of global cross-border payments, this week announced instant cross-border bank payments to Russia. The partnership will allow Thunes’ customers to make payments to any of Russia’s business and consumer bank accounts in near-real-time, the company said.  In 2019, the combined… Read More

October 13, 2021 @ 6:37 pm By Tony Zerucha  |  

As our world becomes more purpose-driven, ethically aligned companies will want to bank with an institution that shares their values. Remagine wants to be that bank, co-founder Sebastian Dienst said. Based in Berlin, Remagine’s goal is to reshape financial services through founder-friendly and tech-driven financial… Read More

October 13, 2021 @ 3:01 pm By Tony Zerucha  |  

Product protection platform Mulberry today announced it has closed a $22 million Series B funding round, led by Commerce Ventures and with participation from Hudson Structured Capital Management, Ally Bank, CreditEase, and existing investors. The funds are earmarked for engineering and customer service hires along… Read More

October 13, 2021 @ 6:17 am By Tony Zerucha  |  

Finacity, a provider of capital markets receivable funding, announced this week it has successfully completed the facilitation of a new consumer loan funding program for Express Credit Group’s Botswana specialty finance operations. The new facility will purchase loans from Express Credit through a newly created… Read More

October 12, 2021 @ 4:56 pm By Tony Zerucha  |  

Blue Motor Finance and digital payment provider Banked have teamed up to simplify the payment process for the former’s customers, the companies announced this week. Banked customers can now pay directly using their online banking app. It can be integrated with existing payment capabilities for… Read More

October 12, 2021 @ 3:11 pm By Tony Zerucha  |  

Tinkoff Bank has been added to the Bank of Russia’s list of 13 systemically important lenders, the institution said this week. They said the decision was based on such factors as higher than average business growth and an extensive customer base. The move comes days… Read More

October 12, 2021 @ 3:01 pm By Tony Zerucha  |  

As of today, cryptocurrency enthusiasts can sign up for early access to Coinbase NFT, a company executive said. “Our mission at Coinbase is to increase economic freedom in the world,” Coinbase VP of Product, Ecosystem Sanchan Saxena said in a blog post announcing the move…. Read More

October 12, 2021 @ 1:04 pm By Tony Zerucha  |  

New research from investment holding company MBH Corporation reveals 85 per cent of professional investors from the United Kingdom, United States, and Germany believe equities in the UK are undervalued. Those investors, who collectively manage more than $300 billion, said a key reason for optimism… Read More

October 12, 2021 @ 12:47 pm By Tony Zerucha  |  

Loan approval rates at many banks inched upward in September, data from Biz2Credit’s monthly Small Business Lending Index shows. Biz2Credit analyzed loan requests from companies that have been in business for more than two years and who have credit scores greater than 680. The results… Read More

October 12, 2021 @ 12:24 pm By Tony Zerucha  |  

Polymesh will not be launching as promised on Oct. 13, but the delay will be minimal, officials said today. A blockchain built specifically for security tokens, Polymesh is being developed by Polymath, a company that builds technology to create, issue and manage digital securities on… Read More

October 8, 2021 @ 3:40 pm By Tony Zerucha  |  

As is the case with any technology, when a new service becomes popular, it will also grab the attention of fraudsters. The latest process to get this treatment is the buy now pay later (BNPL) sector, a service recently adopted by Walmart and Target. With… Read More

October 8, 2021 @ 3:05 pm By Tony Zerucha  |  

Digital art NFT marketplace Tropix today announced a $2 million seed round that will be used to build a better solution for NFTs, grow its marketing operations and research and development, and expand its gallery portfolio. This round was led by 2TM, the parent company… Read More