General News

Inland Real Estate Investment Corp. Chooses Alternative Investment Exchange as Its Digital Platform Provider

Alternative Investment Exchange (AIX), the platform that aims to  make it easier to purchase, own, and sell alternative investments, has revealed that Inland Real Estate Investment Corporation chose the AIX platform as one of its electronic platform providers in order to onboard new funds and… Read More

Wise Integrates With Google Pay to Allow U.S. Users to Transfer Funds to India & Singapore

  Fintech Unicorn and stealth bank Wise announced on Tuesday it has integrated with Google Pay to allow U.S. users to transfer funds to friends and family in India as well as Singapore. Wise reported that through the integration, all Android and iOS Google Pay users in the U.S. may send… Read More

Affirm’s Fiscal Year 2021 Third Quarter Results Reveals: Year-Over-Year Gross Merchandise Volume Growth to 83%; Increases Active Consumers By 60% Year-Over-Year

  U.S.-based buy now pay later fintech Affirm announced on Tuesday the financial results of its fiscal 2021 third quarter, which ended on March 31, 2021.  According to Max Levchin, Founder and CEO of Affirm, the company’s third-quarter results reflect on the continuous progress towards… Read More

To the Moon! Goldman Sachs MD Exits Bank After Making Big Money in Dogecoin

This is a sign of the times, I guess. According to a report, a Managing Director at Goldman Sachs (NYSE:GS) has exited the vaunted investment bank after making big money in Dogecoin. Beginning in 2021, Dogecoin traded as less than a penny per coin. Jump… Read More

Germany: Crowdfunding Industry Criticizes Challenging Regulatory Approach by German Policymakers in Advance of Pan-European Rules

The German Bundestag recently reviewed legislation that will implement the European Crowdfunding Service Provider Regime Regulation (ECSP). According to industry participants, the German rules may fundamentally undermine online capital formation in the country just as the European Union is poised to boost the industry with… Read More

EML Payments Now Supports Fupay’s Cash Flow Management and Millennial Credit Product for European Markets

EML Payments Ltd (ASX: EML) (S&P/ASX 200) reports that it remains focused on its evolution as a diversified payments and digital banking enabler. EML supports Fupay’s cash flow management and Millennial credit product (based in Australia). EML has now decided to transition to the next… Read More

Kuwait Finance House Introduces Digital Wallet Service, Supported via Smartphones with Assistance from Samsung, FitBit, Garmin

Kuwait Finance House (KFH), the nation’s first banking institution operating in accordance with the Islamic Shari’a, has introduced a digital wallet service that is being supported through smartphones (and even smart watches). KFH, which is listed on the Kuwait Stock Exchange, with a market cap… Read More

Former OnDeck CEO Noah Breslow Joins Bain Capital Ventures as an Operating Partner

On Deck Capital CEO

Matt Harris, a VC focused on financial services and based in New York City, says he’s pleased to welcome Noah Breslow to Bain Capital Ventures as an operating partner. Thrilled to welcome @noahbreslow to Bain Capital Ventures as an operating partner! Noah is a flat… Read More

$106 Billion Transferred with Zelle via 392 Million Digital Transactions in Q1 2021: Report

Zelle “springs” into 2021 with over $100 billion sent during the first quarter of this year, according to a release. Early Warning Services, LLC, the network operator behind Zelle, revealed on May 5, 2021 that $106 billion was sent via the Zelle Network on 392… Read More

Seamless Cross-Border Payments Now Supported by UAE Central Bank and SWIFT Collaboration

Earlier this week, the Central Bank of the United Arab Emirates (UAE) revealed that it had been working cooperatively with SWIFT, an international provider of secure bank-to-bank messaging services. SWIFT and the UAE reserve bank are reportedly working an initiative that will improve the speed… Read More

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

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