General News

June 9, 2021 @ 11:20 am By Omar Faridi  |  

During the past year, Latvia and Israel have experienced a significant surge in Fintech interest, according to a recent analysis published by the Fintech News Network. Google Trends data for the period between April 2020 and April 2021 reveals that online search queries for Fintech… Read More

June 8, 2021 @ 10:56 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a multinational provider of payments and financial services tech solutions, will allow customers to share data on their digital asset holdings with their Fintech app providers. Consumers will be able to share their data with various financial institutions, wealth management firms,… Read More

June 8, 2021 @ 10:17 pm By Omar Faridi  |  

With fraudulent activities on the rise and malicious actors becoming a lot smarter and more sophisticated in navigating online systems, it has become quite critical for payments and financial services providers to make sure they’ve got the right cybersecurity measures in place to combat online… Read More

June 8, 2021 @ 10:07 pm By Omar Faridi  |  

Foreside Financial Group, LLC, a provider of governance, risk management, and compliance service and tech solutions to clients in the wealth management sector, has reportedly acquired  compliance consulting firm Golden Bear Consulting Group, LLC, a boutique regulatory compliance consultancy headquartered in Newport Beach, California. Launched… Read More

June 8, 2021 @ 8:25 pm By Tony Zerucha  |  

This week did not get off to a good start for those tasked with corporate cybersecurity as one single breach saw more than half of the number of passwords stolen. In all of 2020 swiped in one swoop. On June 7, what many believe to… Read More

June 7, 2021 @ 11:32 pm By Omar Faridi  |  

Pakistan Kuwait Investment Company (Private) Ltd (PKIC) recently made a PKR 500 million (appr. $3 million) equity investment into Planet N (Private) Ltd in order to support the fast-evolving startup sector in Pakistan. The new investment is reportedly part of Planet N’s $10 million funding… Read More

June 6, 2021 @ 11:52 pm By Omar Faridi  |  

The team at Branch and Marqeta have a released a Gig Payment Report which covers work and payments in the modern gig economy. The gig economy is transforming the “precedent for work and payments,” the report from Branch and Marqeta reveals. It also mentions that… Read More

June 6, 2021 @ 8:49 pm By Omar Faridi  |  

El Salvador is reportedly looking to become the first nation in the world to adopt Bitcoin (BTC) as legal tender. El Salvador’s government might introduce legislation that could potentially make it the first country to adopt BTC as legal tender, along with the US dollar…. Read More

June 6, 2021 @ 6:07 pm By Omar Faridi  |  

Global safe drinking water nonprofit, charity: water, revealed on June 4, 2021, that they have introduced a “crypto-native” Bitcoin Water Trust initiative. As mentioned in a release shared with CI, the trust will enable charity: water to receive and “hodl” (hold long-term) Bitcoin donations in… Read More

June 6, 2021 @ 6:00 pm By Omar Faridi  |  

Building on over a year of “unprecedented” collaboration among Massachusetts’ financial professionals, Fintech entrepreneurs, investors, government executives, elected officials, and members of the academic community, the Massachusetts Fintech Working Group, a network of 27 leaders representing key industries, have introduced the Mass Fintech Hub, a… Read More

June 6, 2021 @ 12:30 pm By Omar Faridi  |  

GreenSky Capital Inc. recently revealed that it has finalized its fourth affiliated venture fund, the GreenSky Accelerator Fund IV, LP. The Fund reportedly has $15 million to invest in Canada‘s early-stage tech firms. The Fund’s limited partners are “composed of a network of private Canadian… Read More

June 5, 2021 @ 7:50 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams. HSBC, which is the second… Read More

June 5, 2021 @ 10:39 am By Omar Faridi  |  

After its strategic acquisition of Bolsas y Mercados Españoles (BME) last year (subject to regulatory clearance), SIX says that it will be migrating BME’s trading platform to a version of its current platform. This will help with launching the future trading platform technology for both… Read More

June 4, 2021 @ 2:37 pm By JD Alois  |  

The rise of the “meme stocks” has been a fascinating adventure with the combination of ubiquitous technology and the ability to drive trading by retail investors in a way that has never been experienced before. While a certain amount of manipulation of markets has always… Read More

June 4, 2021 @ 8:04 am By Omar Faridi  |  

Peter Smith, Co-founder and CEO at Blockchain.com, a leading crypto wallet provider, block explorer service, and digital asset trading platform, revealed on Thursday (June 3, 2021) that he joined Miami Mayor Francis Suarez in order to announce that Blockchain.com is “the first global crypto company… Read More

June 3, 2021 @ 8:46 pm By Samantha Hurst  |  

B2B fintech-as-a-service provider Rapyd announced on Thursday its new venture arm, which will focus on investing in early and growth-stage businesses that are delivering the next wave of financial services innovation. The company reported that the arm will be led by Joel Yarbrough, MD of Rapyd… Read More

June 3, 2021 @ 3:29 pm By Omar Faridi  |  

Digital asset firm Kraken has launched a new, updated app. The company says that getting crypto just got “a whole lot easier.” The Kraken team notes in a blog post that they’ve “streamlined” the purchasing and selling process, added more “convenient” payment methods, and “wrapped… Read More

June 2, 2021 @ 3:42 pm By Samantha Hurst  |  

    Nuvei, a global payment technology provider based in Canada, announced on Wednesday its wholly-owned FCA regulated subsidiary has secured the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants who are based in the UK beyond the FCA Temporary… Read More

June 2, 2021 @ 10:21 am By Omar Faridi  |  

Mark Skehill has reportedly been hired as Enterprise Sales Manager – UK and Western Europe at ECOMMPAY, a global payment service platform and also a direct bank card acquirer with its own Fintech solutions. Mark Skehill has been recruited as part of ongoing growth for… Read More

June 2, 2021 @ 7:42 am By Omar Faridi  |  

Fintech firm Cushon, the pension and savings firm, revealed on Wednesday (June 2, 2021) that it has finalized a funding round of £26 million in order to finance its business expansion and product development, after its acquisition of a master trust pension scheme. Leading Cushon‘s… Read More