General News

June 23, 2021 @ 7:38 pm By Tony Zerucha  |  

Canadian policy group the Public Policy Forum is working with TD Bank Group to increase the financial inclusion of Canadians. The initiative builds on their current collaboration, Brave New Work, which began in 2018. It concludes this week with a virtual conference where its findings… Read More

June 23, 2021 @ 7:32 pm By Tony Zerucha  |  

Voice, data and messaging solutions provider Cloudli Communications, has acquired Omnivigil Solutions, a Quebec-based provider of cloud PBX, mass notification and call center solutions. The deal allows Cloudli to grow its customer base while simultaneously expanding its product offerings such as contact center, CRM and… Read More

June 23, 2021 @ 11:28 am By Omar Faridi  |  

Fundbox, the financial platform for small businesses, revealed on Tuesday (June 22, 2021) that they’ve appointed Hilliard Terry to their Board of Directors. As mentioned in a note shared with CI, Mr. Terry is an experienced executive leader, corporate board member and advisor to private… Read More

June 23, 2021 @ 9:25 am By Omar Faridi  |  

Analytics software company FICO recently revealed that Switzerland-based PostFinance will be protecting almost 3 million debit cards with the FICO® Falcon® Platform, an AI-enhanced payments card protection solution. PostFinance, the financial services division of Swiss Post, says it will be using the Falcon Platform to… Read More

June 22, 2021 @ 10:07 am By Omar Faridi  |  

TrueLayer, Europe’s Open Banking platform, reveals that it has launched a new approach to account ownership checks with its Verification API. As noted in the announcement from TrueLayer, the Verification API will be leveraging Open Banking along with with machine learning algorithms. This should help… Read More

June 21, 2021 @ 11:27 pm By Omar Faridi  |  

Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014. According to an update from… Read More

June 21, 2021 @ 9:47 pm By Priyanka Pani  |  

Mobility app Moja Ride has partnered with Fintech O-CITY to fuel its digital innovation and future expansion plan in key West African markets. Based in Ivory Coast’s capital city Abidjan, Moja’s partnership with O-CITY comes after a series of funding rounds from leading global investors,… Read More

June 21, 2021 @ 8:51 pm By Omar Faridi  |  

ALPIMA, the software-as-a-service (SaaS) platform for investment management and product design has been selected by the BBVA for scaling its Quantitative Investment Solutions (QIS) business. ALPIMA is a business-to-business (B2B) tech and advisory firm serving banking institutions, fund managers and wealth management companies globally. Its… Read More

June 21, 2021 @ 10:58 am By JD Alois  |  

Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline… Read More

June 20, 2021 @ 2:45 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly committed to a €160 million round at a €1.65 billion valuation. Bunq will also be acquiring a small business lender as part of the transaction. Bunq’s latest investment round was joined by an unnamed UK-based private equity company. As… Read More

June 19, 2021 @ 7:04 pm By Omar Faridi  |  

Atlantic-Pacific Processing Systems NV, Corp. (APPS), a Fintech holding company offering technology and financial services, has reportedly acquired Cloud-enabled software firm Clique Payments, Inc. The acquisition should allow APPS to further expand its enterprise resource planning and accounting payments integrations solutions to include QuickBooks, FreshBooks,… Read More

June 19, 2021 @ 3:58 pm By Omar Faridi  |  

Financial software provider Kynetix has introduced a Cloud-powered solution to assist FCMs and brokers with addressing the challenges in reconciling listed derivatives. As noted by the company’s management: “For over 20 years, Kynetix has been forefront of building trust in the physical economy. Recognized as… Read More

June 19, 2021 @ 3:33 pm By Omar Faridi  |  

Hong Kong-based digital technology park Cyberport has revealed that the application stage for the initial phase of its Fintech Proof-of-Concept (PoC) Subsidy Scheme has now closed. The initiative reportedly received more than 80 applications. The scheme has been commissioned by the Financial Services and the… Read More

June 16, 2021 @ 4:29 pm By Omar Faridi  |  

Diginex Limited (Nasdaq: EQOS), the digital asset financial services firm, has revealed that it’s unifying its businesses under the EQONEX brand. As mentioned in a release shared with CI, the rebrand aims to bring together under the EQONEX Group brand, its virtual currency exchange, custody… Read More

June 16, 2021 @ 7:56 am By Omar Faridi  |  

UK-based Fintech firm Modulr notes that direct lender Moneyboat had been quite frustrated by the limitations of the existing banking system. That’s why Moneyboat decided to leverage certain infrastructural Fintech payments solutions to provide faster onboarding, automated, real-time loan disbursements and “a superior customer experience,… Read More

June 15, 2021 @ 8:44 pm By Tony Zerucha  |  

An infamous cyber extortionist is back and is looking for your unprotected assets. The warning comes from cybersecurity and application delivery solutions provider Radware. This week they published a cybersecurity alert warning that Fancy Lazarus, a distributed denial of service (DDoS) extortionist, has returned with… Read More

June 15, 2021 @ 6:06 pm By Priyanka Pani  |  

South-East Asia’s largest automotive marketplace Carro is the newest Unicorn in the region. A full-stack service for all aspects of car ownership, Carro has raised USD $360 million in a Series C funding round led by SoftBank Vision Fund.  Indonesian fund EV Growth and insurance… Read More

June 15, 2021 @ 2:14 am By Omar Faridi  |  

LexisNexis Risk Solutions, a global data and analytics firm, has published its annual True Cost of Financial Crime Compliance Global Report. The results shared in the new report have been prepared after conducting an extensive survey of 1,015 financial crime compliance decision-makers at established financial… Read More

June 15, 2021 @ 12:07 am By Omar Faridi  |  

Equifax UK has reportedly made updates to its flagship credit risk product, Risk Navigator 5, which should establish a new standard in supporting improved decision-making and enhancing consumer credit outcomes. Implemented using Equifax UK’s largest-ever data set, Risk Navigator 5, has demonstrated its potential to… Read More

June 14, 2021 @ 10:27 pm By Omar Faridi  |  

Mojo Mortgages, an established online mortgage broker, has teamed up with GoCompare in order to offer new levels of financial confidence to consumers. GoCompare clients are now able to view how much money they’ll potentially be saving on their mortgage by comparing personalized offers with… Read More