General News

September 22, 2020 @ 9:27 pm By Omar Faridi  |  

Huobi Global, a leading digital assets company, recently published a survey that looks into the different investment profiles and backgrounds of retail cryptocurrency traders in emerging markets. According to a release, the survey results indicate that crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) have… Read More

September 22, 2020 @ 4:02 pm By Samantha Hurst  |  

inwi money, a subsidiary of inwi and telecom provider in mobile money services, announced on Tuesday it has joined forces with WorldRemit, a provider of online money transfer services, and MFS Africa, a Pan-African fintech that operates an e-payment platforms in Africa.to launch an international… Read More

September 22, 2020 @ 3:12 pm By Samantha Hurst  |  

Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc. (NYSE: ALLY), announced on Tuesday it has added to its retail market lending offering through its new agreement with installment payments platform, Sezzle. Ally Lending revealed through the partnership it will bring a… Read More

September 22, 2020 @ 12:38 pm By Samantha Hurst  |  

MetaBank, N.A. announced on Tuesday the expansion of its payments platform to include processors Finix and TabaPay. According to Metabank, Finix builds payments infrastructure for vertically-focused software providers and fintech companies. With Finix, businesses may own and monetize entire payments experience without having to build… Read More

September 22, 2020 @ 10:37 am By Samantha Hurst  |  

TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Tuesday it has launched a “Credit Assistant” feature on its mobile app to help improve credit scores and move… Read More

September 22, 2020 @ 10:19 am By Samantha Hurst  |  

Multinational consumer credit reporting company Experian announced on Tuesday that Virgin Money has launched on its pre-qualification platform to help streamline the mortgage process. According to Experience, Virgin Money will put mortgage eligibility in the hands of homebuyers and intermediaries upon the platform with a… Read More

September 22, 2020 @ 9:39 am By Samantha Hurst  |  

  UK banking group Standard Chartered Bank announced on Tuesday it has officially launched its virtual bank “Mox” in Hong Kong. According to Standard Chartered, Mox was created in partnership with PCCW, HKT, and Trip.com, which provides its suite of retail banking services entirely digitally… Read More

September 21, 2020 @ 11:49 pm By Omar Faridi  |  

Ajit Doval, the National Security Adviser (NSA) to the Prime Minister of India, recently warned that financial crime and fraudulent activities have increased significantly and could continue to rise, because more consumers are conducting transactions online following the COVID-19 outbreak. Doval said that the country… Read More

September 21, 2020 @ 2:45 pm By Samantha Hurst  |  

Marco Financial, a U.S.-based tech-enabled financing platform built for small and medium-sized (SME) Latin American exporters, announced on Monday it raised $26 million in funding and credit. The funding includes an equity round, led by Struck Capital and Antler, as well as a credit facility underwritten by Arcadia… Read More

September 21, 2020 @ 2:10 pm By Samantha Hurst  |  

Goalsetter, a U.S.-based family money app, announced on Monday it recently launched a debit card specifically geared towards teens and tweens. Founded in 2015, Goalsetter describes itself as a goal-based savings and gifting platform that was created just for kids. The company revealed it combines… Read More

September 21, 2020 @ 1:45 pm By Samantha Hurst  |  

BITFRONT, LINE Corporation’s global digital currency exchange, is now providing interest on crypto-asset deposits through a partnership with Celsius, a blockchain-based crypto reward and lending platform.  BITFRONT reported that users may sign up from the “Earn Interest” tab on the BITFRONT website and earn up… Read More

September 21, 2020 @ 10:21 am By Samantha Hurst  |  

UK financial API provider TrueLayer announced on Monday it secured $25 million through its Series C funding round. TrueLayer revealed that the investment takes the total amount it has raised to $72 million. Founded in 2016, TrueLayer describes itself as a technology company that provides… Read More

September 21, 2020 @ 9:55 am By Samantha Hurst  |  

Cryptocurrency exchange bitFlyer Europe announced on Monday it formed an integration with global payments platform PayPal. bitFlyer reported that the integration allows PayPal’s European users to be able to deposit funds to the bitFlyer Europe platform to purchase cryptocurrencies safely and securely. The crypto portal… Read More

September 21, 2020 @ 8:23 am By Samantha Hurst  |  

    Wirex, a UK-based payments platform, announced on Monday it launched its first crowdfunding campaign through equity crowdfunding platform Crowdcube. Wirex reported it is now seeking to raise £1 million. Founded in 2014, Wirex is a UK FCA-licenced global digital payment platform that has… Read More

September 20, 2020 @ 10:19 pm By Samantha Hurst  |  

Digital assets exchange OKEx announced on Friday it is offering a full suite of trading products for Uniswap’s UNI. The platform reported that the products will include margin, swap trading, coin-margined perpetual swap, and savings. It will also offer zero transaction fees in UNIUSD perpetual… Read More

September 20, 2020 @ 9:53 pm By Samantha Hurst  |  

Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, recently announced it has named employment-based holistic financial wellness services PayActiv as its new financial wellness partner. Founded in 2000, Benefitfocus claims it unifies the entire U.S. benefits industry on… Read More

September 19, 2020 @ 5:13 pm By Omar Faridi  |  

Singapore, Helsinki (in Finland) and Zurich (in Switzerland) have been named as the world’s “smartest” cities during this year. They’ve managed to outperform other major European and global financial hubs, according to the Smart City Index Report for 2020. Geneva is another Swiss city that… Read More

September 18, 2020 @ 10:55 pm By Samantha Hurst  |  

Mobile wallet service provider Paytm announced on Friday its Android mobile app was temporarily removed from the Google Play Store. The company reassured its uses that their account balances are 100% safe and its services are fully functional. Paytm reported that it recently launched “Paytm… Read More

September 18, 2020 @ 6:23 pm By Omar Faridi  |  

Industry professionals in Indonesia are calling on Fintech firms to expand their operations outside of Java and partner up with the nation’s government in order to cater to the requirements of the unbanked population. Only 23% of Fintech firms in the country have a reach… Read More

September 18, 2020 @ 1:58 pm By Samantha Hurst  |  

Quanto, a Brazil-based opening banking platform, announced earlier this week it secured $15 million through its Series A funding round, which was led by Bradesco and Itaú Unibanco, with participation from Kaszek Ventures and Coatue. Founded in 2016, Quanto states it is “breaking apart” the… Read More