General News

UK Finance, Which?, City of London Police Sign Letter Asking Government to Add Online Scams to “Online Safety” Bill

UK Finance (a trade association for the UK banking and financial services sector that represents around 300 firms in the UK providing credit, banking, markets and payment-related services), Which? (an organization that reviews products and services, so that you “make the best purchase decisions” for your… Read More

Cloud Software Provider Bill.com to Acquire Expense Management Fintech Divvy in $2.5B Deal

Bill.com, an established provider of Cloud-enabled software that aims to simplify, digitize, and automate routine back-office financial operations for SMEs, has reportedly entered into a definitive agreement to acquire expensive management Fintech Divvy. The acquisition deal will involve a stock and cash transaction of around… Read More

SBE Council Says Small Businesses Need Policy Stability and Relief, Not Higher Taxes and More Regulation as Jobs Data Disappoints

Earlier today, the US Department of Labor Statistics issued data that indicated 266,000 jobs were added during the month of April. This fell far short of expectations as observers anticipated over a million new jobs. The unemployment rate ticked higher to 6.1%. The news undermined… Read More

Fintech and Insurtech Startups Accelerator F10 Switzerland to Support Sustainable Finance Initiatives

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More

European Payments Specialist Banking Circle Reports Significant Rise in Transactions, Users After Acquiring License Last Year

Banking Circle, the payments specialist, has revealed that there’s been a significant “uplift in payments flow” and clients just a year after it launched its Banking License. At the end of February 2020, Banking Circle was awarded a Banking License from the Commission de Surveillance… Read More

UK’s OneBanks, which Offers Face-to-Face Banking Services on Behalf of Banks, Hires Andy Willmot as CTO

OneBanks, the developer of a pop-up kiosk format which can offer in-person banking services on behalf of several different banks and financial services customers, has appointed Andy Willmot,  (the Chief Digital Architect at Lloyds Banking Group) as its Chief Technical Officer. With banks now beginning… Read More

HSBC UK Reports that Biometric Verification with its Caller ID Program, Voice ID, Reduced Bank Fraud by 50%

HSBC‘s caller ID program Voice ID has reportedly managed to reduce telephone banking fraud by more than 50% during the past 12 months, indicating that biometric verification can be quite effective in fighting against bad actors. HSBC says that its voice biometrics system has helped… Read More

SEC to Hold Virtual Annual Small Business Forum this Month

The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission’s (SEC) 40th Annual Government-Business Forum on Small Business Capital Formation in a virtual event this year in light of the ongoing COVID health crisis. This is the 40th… Read More

Grayscale Becomes Official Digital Currency Asset Management Partner of the New York Giants

The New York Giants has partnered with Grayscale allowing the crypto firm to become the Official Digital Currency Asset Management Partner of the NFL team. According to a release, as part of the partnership, Grayscale will be the Presenting Sponsor of The Giants Foundation Golf… Read More

UK’s Financial Conduct Authority Recommends that Pension Providers “Nudge” Consumers to Pension Wise for Guidance before Accessing Savings

The UK’s Financial Conduct Authority (FCA) has proposed (on May 4, 2021) updated rules that will require pension providers to “nudge” consumers to Pension Wise so they can benefit from guidance prior to accessing their defined contribution pension savings. This reportedly includes booking an appointment… Read More

Underrepresented Founders Like Minorities and Women Raise Less VC Funding, Crowdfunding Can Help

Last week the Securities and Exchange Commission’s (SECs) Small Business Capital Formation Advisory Committee held a meeting to discuss access to capital in underserved markets. The goal is to improve access to capital for underrepresented founders. The Office of the Advocate for Small Business Capital… Read More

Financial Data Exchange Announces 18 New Members; Brings Total Membership to 186 Organizations

Fintech

Financial Data Exchange (FDX), a non-profit organization that is dedicated to unifying the financial industry around a common, interoperable, royalty-free standard for secure and convenient consumer and business access to their financial data, announced on Tuesday it has welcomed 18 new members since the beginning… Read More

Identity Infrastructure Company Persona Secures $50 Million Through Series B Funding Round Led By Index Ventures

  Persona, a U.S.-based identity infrastructure company offering businesses the building blocks to create a personalized identity verification experience for any use case, announced on Tuesday it secured $50 million through its Series B funding round, which was led by Index Ventures with participation from Coatue…. Read More

Ping An Insurance Group Remains Commmitted to Finance and Tech Strategy as it Receives Most Valuable Insurance Brand Award

Ping An Insurance has reportedly been named the most valuable insurance brand in the world in the Insurance 2021, 100 Ranking, which is a spot that the company has maintained for the 5th consecutive year. Brand Finance, a brand valuation consultancy firm, valued the Ping… Read More

FinTech Australia Finalists Announced for “Finnies” Awards

FinTech Australia has announced the 2021 finalists for its annual “Finnies” award. According to an email, the group received 290 award entries across 20 categories. The category winners will be announced in person this year on June 9, 2021, at The Forum in Melbourne. FinTech… Read More

Mastercard Welcomes Six Startups to Start Path Program

Mastercard announced on Monday it welcomed six startups to its Mastercard Start Path program. The startups were notably dedicated to building blockchain-based payments solutions and also designing sustainable lending platforms. As previously reported, Start path is an engagement program is dedicated to fintech innovators that… Read More

Upcoming House Financial Services Committee Hearings to Include Discussions on SPACs, AI , Big Banks & More

The House Committee on Financial Services has disseminated the May 2021 calendar of hearings that cover a wide range of financial services issues. As has been previously reported, this coming Thursday (May 6), beginning at 12Noon ET, will see the GameStop phenomenon discussed once again…. Read More

EBay Looking into NFTs, May Accept Crypto Payments

EBay (NASDAQ:EBAY) CEO Jamie Iannone indicated his company is investigating the offering of non-fungible tokens or NFTs as it looks to support new categories. In an interview on CNBC today, Iannone had this to say about the potential for NFTs: “We are looking at it… Read More

Ethereum Co-Founder Buterin Now a Crypto Billionaire with ETH Price at $3K+, Joins Coinbase and FTX CEOs on Fintech Billionaires List

Ethereum co-founder Vitalik Buterin, has now become a crypto billionaire. Buterin’s public Ethereum (ETH) address, which he has previously confirmed to be his primary wallet (in 2018), is now holding a little over $1.05 billion in Ether. Buterin became a billionaire after the ETH price… Read More

Barclays, Lloyds, NatWest, Santander, and HSBC to Share Single Bank Branch Location in Small UK Towns

The COVID-19 outbreak has led to nationwide lockdowns and other measures being taken to limit in-person contact in order to prevent the further spread of the virus. Many more individual consumers and businesses are conducting transactions online and are trying to avoid visiting physical locations…. Read More

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