November 13, 2023 @ 3:27 pm By Omar Faridi  |  

Acton Capital, one of Europe’s longest-standing venture capital investors, has announced the closing of its Fund ACTON VI to invest throughout Europe and Canada. The team remains committed to “backing companies in their early growth phase, with a focus on startups developing sustainable scaling strategies… Read More

 Tagged acton capital, canada, dominik alvermann, europe, investing, investments, vc, venture capital

November 13, 2023 @ 2:42 pm By Omar Faridi  |  

Shieldpay, the firm focused on complex high-value B2B digital payments, has announced the appointment of Diji Adu as Chief Technology Officer. Adu, formerly Director of Technology at Shieldpay “brings over 20 years of leadership and software development experience to his new role.” Prior to joining… Read More

 Tagged b2b, digital payments, financial services, fintech adoption, new appointments, payments, shieldpay, virtual payments

November 13, 2023 @ 9:54 am By Omar Faridi  |  

Almond Fintech, a B2B technology company bridging the worlds of fiat and digital currency, is excited to announce a new funding milestone of $7 million. The funding from the investment round will aim to help broaden Almond’s rapidly expanding network in Asia, the Americas, while… Read More

 Tagged b2b, digital financial services, digital technology, financial inclusion, funding, investment round, milestone

November 13, 2023 @ 8:52 am By Omar Faridi  |  

A growing number of British investors risk being defrauded by a wave of fake adverts posted on social media, according to a new a warning issued by Lloyds Bank. The number of cryptocurrency investment scams reported1 “by victims so far this year has risen by… Read More

 Tagged consumer protection, crypto fraud, crypto scams, europe, financial services, fraud, fraudulent activities, lloyds bank, scams, uk, united kingdom

November 13, 2023 @ 8:22 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) says it is working with payment service providers to do more “to protect consumers from fraud, including authorized push payment (APP) fraud.” While FCA‘s review of firms’ fraud controls and complaint handling found examples of good practice, they were… Read More

 Tagged app fraud, consumer protection, europe, fca, financial conduct authority, financial services, fraud, fraudulent activities, payment service providers, payments, uk, uk fca, united kingdom

November 13, 2023 @ 8:07 am By Omar Faridi  |  

Wise (LSE:WISE) has reportedly been forced to place a freeze on onboarding new business clients across the United Kingdom and Europe because of “high demand” for services. This latest update comes after the Fintech firm had “deactivated” all US business cards this past week. Wise,… Read More

 Tagged digital transactions, europe, financial services, fintech adoption, fintech trends, international payments, onboarding, uk, united kingdom, united states, us, wise

November 13, 2023 @ 6:33 am By Omar Faridi  |  

The ACPR and AMF encourage financial institutions to continue their efforts to take account of the vulnerability of ageing clients The joint unit of the Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF) has published a summary of… Read More

 Tagged acpr, amf, autorité de contrôle prudentiel et de résolution, autorite des marches financiers, digital financial services, europe, financial institutions, france

November 12, 2023 @ 9:07 pm By Omar Faridi  |  

Rand Merchant Bank (RMB) and Westbrooke Alternative Asset Management UK Limited are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc. This strategic move has opened new doors for the Fund, “offering a broader spectrum of opportunities, more effective… Read More

 Tagged credit facility, europe, finance, uk, united kindom

November 12, 2023 @ 7:42 pm By Michael Wong  |  

Arab Financial Services (AFS), a digital payment solutions provider in the Middle East and Africa, recently hosted a high-level economic delegation from Brussels and discussed potential partnerships within the fintech and financial services sector, highlighting a significant move towards international collaboration in this rapidly evolving… Read More

 Tagged arab financial services, belgium, digital payments, fintech, payments

November 12, 2023 @ 5:28 pm By Michael Wong  |  

A landmark agreement has been reached between the Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC), and the Monetary Authority of Macao (AMCM), promising to revolutionize fintech cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The “Memorandum of Understanding on Deepening… Read More

 Tagged china, fintech, greater bay area, hong kong, macau