August 30, 2024 @ 9:38 am By JD Alois  |  

SumUp has appointed a new CEO and CFO while announcing new board members. According to a note from the Fintech, Niall Mac an tSionnaigh is now CEO of SumUp Limited, the Irish operating company, and Alastair Nolan, previously the Group’s CFO Europe, will now serve… Read More

 Tagged ireland, sumup

August 30, 2024 @ 8:57 am By JD Alois  |  

Validus is reporting new capital from HSBC in the amount of USD $50 million. The funds will be utilized to provide online lending for micro, small, and medium enterprises (MSMEs) in Indonesia. Validus, based in Singapore, will release the funds via its subsidiary Batumbu, which… Read More

 Tagged hsbc, indonesia, singapore, validus

August 30, 2024 @ 8:46 am By Omar Faridi  |  

CME Group said it will further expand its cryptocurrency derivatives offerings by introducing Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin, these new weekly futures contracts “will be cash-settled to the CME CF Bitcoin Reference Rate New… Read More

 Tagged bitcoin, btc, cme group, cryptocurrency derivatives

August 30, 2024 @ 8:26 am By Omar Faridi  |  

Freetrade, the “commission free” investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs. With Sharegain, Freetrade was able “to launch its securities lending program with… Read More

 Tagged freetrade, sharegain, uk, united kingdom

August 30, 2024 @ 8:25 am By Omar Faridi  |  

UK’s business bank Allica has acquired bridging lender Tuscan Capital, representing Allica’s first foray into the bridging finance market. The Tuscan team, based across the UK, will eventually “integrate fully into the Allica team, benefitting from access to Allica’s funding base and distribution network.” Allica,… Read More

 Tagged acquisition, allica bank, business bank, uk, united kingdom

August 30, 2024 @ 8:21 am By Omar Faridi  |  

Over the last seven years, Nium has steadily grown its presence in Lithuania following the approval of its Electronic Money Institution (EMI) license by the Bank of Lithuania in 2017. The license has enabled the fintech “to better serve its European and global business customers… Read More

 Tagged emi, europe, lithuania, nium

August 30, 2024 @ 4:44 am By Omar Faridi  |  

SmartStream, says it has launched a new version of the TLM Collateral Management solution. Version 7.0, developed in collaboration “with a tier-one bank customer, introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.” The expanded… Read More

 Tagged collateral management, digital transactions, fintech, smartstream

August 29, 2024 @ 9:44 pm By Omar Faridi  |  

Fintech Pine Labs and Visa (NYSE: V), the enabler of global payments have come together to scale digital payments acceptance and further India’s vision of a digital economy by unveiling Pine Labs Mini, a soundbox-enabled device for QR, Near Field Communication (NFC) and card payments. The… Read More

 Tagged digital payments, fintech trends, pine labs, visa

August 29, 2024 @ 9:42 pm By Omar Faridi  |  

Aurem, a unified workplace wealth and benefits technology platform, announces its licensing by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a significant milestone in the company’s mission to connect the world for a better financial future. The company is… Read More

 Tagged abu dhabi, aurem, uae, wealthtech, workplace tech

August 29, 2024 @ 9:40 pm By Omar Faridi  |  

CommBank and Telstra announced their anti-scam technology Scam Indicator has been expanded to cover landlines, to help detect suspicious calls in real-time, helping to avoid money being lost to scammers. The anti-scam technology, which was “conceived and developed in partnership with Quantium Telstra to help… Read More

 Tagged australia, commbank, scams, telstra