General News

July 31, 2021 @ 3:52 pm By Omar Faridi  |  

Kasisto, the developer of a conversational AI chatbot, has finalized a $15.5 million Series C round that has been co-led by new investors Naples Technology Vendors and NCR Corporation. Kasisto’s KAI digital experience platform is currently being used by major financial institutions such as JPMorgan,… Read More

July 31, 2021 @ 9:06 am By Omar Faridi  |  

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More

July 30, 2021 @ 9:04 pm By Omar Faridi  |  

Welcoming the Reserve Bank of India’s (RBI) move to permit authorized or approved non-bank payment system providers to take part in centralized payment systems (CPS), the Payments Council of India (PCI), the nation’s largest industry body for the non-banking digital payments ecosystem, has confirmed that… Read More

July 30, 2021 @ 5:23 pm By Omar Faridi  |  

Transcend, an established provider of analytics, optimization, and automation for collateral, liquidity, and funding, has reportedly hired Rajen Patel who will be leading European sales, strategy and the firm’s ongoing expansion efforts. As Transcend continues to expand its international presence and customer base, it is… Read More

July 30, 2021 @ 10:43 am By JD Alois  |  

FT Partners, the leading boutique investment in the Fintech sector, has distributed its own spin on Fintech venture funding. Recently, CI covered CBInsights’ report on Fintech funding, and FT Partners concurs. Fintech is booming during the first half of 2021 fueled in part by the… Read More

July 30, 2021 @ 7:45 am By Omar Faridi  |  

Early Warning Services, LLC, the network operator behind Zelle, has shared its Q2 2021 transaction results, which include signed financial institutions representing over 500 million DDA accounts. During Q2 2021, the Zelle Network handled $120 billion on 436 million transactions. YoY sent payment values “increased… Read More

July 29, 2021 @ 9:40 pm By Tony Zerucha  |  

Recent activity in China is having global effects, the CEO of Sun Global Investments said. Earlier this week global stocks retreated following Chinese equity declines over three consecutive sessions that saw CSI 300 of Shanghai and Shenzhen listed companies close 3.5 per cent lower while… Read More

July 29, 2021 @ 2:48 pm By Tony Zerucha  |  

While the Americans and Chinese have more collective wealth, it is the Swiss who are the richest per capita, new numbers from BuyShares.co.uk show. The Swiss have average per capita wealth of $674,000, which is 33 per cent more than the USA or Hong Kong…. Read More

July 29, 2021 @ 9:08 am By Omar Faridi  |  

Curve Finance, an automated market maker protocol developed for swapping between stablecoins and various other crypto tokens with low fees and slippage, reveals that it will be supporting Tether tokens pegged to the euro (EURt). The addition of EURt to Curve — a protocol developed… Read More

July 29, 2021 @ 8:37 am By Omar Faridi  |  

The Board of Directors at Capgemini SE, chaired by Paul Hermelin, convened on July 27, 2021 in Paris in order to review and adopt the accounts of Capgemini Group for H1 2021. Aiman Ezzat, CEO at Capgemini Group, said that Capgemini has been able to… Read More

July 29, 2021 @ 8:23 am By Omar Faridi  |  

Crowdcube, the European marketplace for shares in private firms, and Crunchbase, an established data platform, have partnered in order to power the “most comprehensive” and transparent platform for private company investment in Europe. Cubex, which officially goes live today (July 28, 2021), will feature “rich”… Read More

July 29, 2021 @ 8:20 am By JD Alois  |  

Antler, a global venture capital firm, has announced new operations in Canada. Antler has been active in the Fintech sector, including Proptech. Magnus Grimeland, the founder and CEO of Antler, sits on the board of Waterloo University and thus has an established connection to Canada…. Read More

July 29, 2021 @ 2:01 am By Omar Faridi  |  

SWIFT reveals that it has launched SWIFT Go, a service that enables small businesses and consumers to send “fast, predictable, highly secure, and competitively priced low-value” cross-border payments across the globe. Payments may be sent directly from users’ bank accounts. Seven international banking institutions, which… Read More

July 28, 2021 @ 9:48 pm By Omar Faridi  |  

GoodData, the leader in Data as a Service (DaaS) analytics infrastructure, reveals that it has acquired a $45 million credit facility from J.P. Morgan (NYSE: JPM). Building on the firm’s recent adoption momentum and the release of the GoodData Cloud Native platform (GoodData.CN), GoodData’s management… Read More

July 28, 2021 @ 6:26 pm By Tony Zerucha  |  

A new peer-to-peer network promises to match up executives so they can get right down to business. The Mercury Company is accepting applications for its vendor-free network that allows executives to connect with each other without having to navigate through salespeople and other distractions at… Read More

July 28, 2021 @ 10:14 am By JD Alois  |  

Like a lot of people and companies, Consensus is moving to Texas for 2022. The in-person blockchain-focused gathering will take place in Austin in June 2022. The Mayor of Austin, Steve Adler, commented on the addition of the event to its city’s calendar: “The future… Read More

July 27, 2021 @ 10:25 pm By Tony Zerucha  |  

Asian virtual event management company EventX has closed a US$10 million Series B funding co-led by HTC, a virtual reality (VR) company, and Gaocheng Capital, a Chinese private equity fund focused on enterprise software and technology-enabled services sectors. EventX supports in-country and cross-border events with… Read More

July 27, 2021 @ 10:13 pm By Tony Zerucha  |  

Hong Kong’s wealth market is poised for a rebound after a pandemic-affected 2020, new research from GlobalData suggests. The number of affluent, mass affluent and high net-worth investors is expected to grow 7.8 per cent to reach 3.9 million this year. Sixty per cent (60.6)… Read More

July 27, 2021 @ 3:13 pm By Omar Faridi  |  

Bharat Mediratta has reportedly joined digital assets firm Coinbase (NASDAQ:COIN) as Fellow. The former Google Distinguished Engineer and Dropbox CTO and SVP aims to bring his deep technical expertise to Coinbase, according to the announcement. As noted by Coinbase: “Today, we’re excited to welcome Bharat… Read More

July 27, 2021 @ 11:53 am By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has settled charges with 21 investment advisers and 6 broker-dealers related to their failure to timely file and deliver their client or customer relationship summaries (Form CRS) to their retail investors. On June 5, 2019, the SEC adopted Form… Read More