General News

May 4, 2021 @ 11:19 am By Samantha Hurst  |  

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

May 4, 2021 @ 10:44 am By Samantha Hurst  |  

  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

May 3, 2021 @ 10:49 pm By Omar Faridi  |  

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

May 3, 2021 @ 10:27 pm By JD Alois  |  

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

May 3, 2021 @ 3:45 pm By Samantha Hurst  |  

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

May 3, 2021 @ 1:35 pm By JD Alois  |  

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

May 3, 2021 @ 11:59 am By JD Alois  |  

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

May 3, 2021 @ 8:12 am By Omar Faridi  |  

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

May 2, 2021 @ 3:27 pm By Omar Faridi  |  

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

May 2, 2021 @ 2:17 pm By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has revealed that it’s made a major quantum computing breakthrough. Goldman said that it’s working on computer algorithms that may be used on hardware that could be available within the next 5 years. Goldman Sachs has reportedly… Read More

May 1, 2021 @ 7:16 pm By Omar Faridi  |  

The Prudential Regulation Authority (PRA), a United Kingdom financial services regulatory body that’s responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms, has released a discussion paper that looks into developing a simpler and resilient prudential… Read More

April 30, 2021 @ 2:38 pm By JD Alois  |  

The Biden administration has just completed its first 100 days in office. Since January, the Administration has proffered a whirlwind of policy changes and legislation from massive spending in the trillions of dollars to profound changes in the tax system. Meanwhile, the economy has already… Read More

April 30, 2021 @ 1:24 pm By Samantha Hurst  |  

UK-based digital banking solution goHenry announced earlier this week the release of its annual U.S. Youth Economy Report, which revealed how the past year has transformed the money habits of Gen Z and Gen Alpha. According to the report, American kids and teenagers earned an impressive $27.2 billion… Read More

April 30, 2021 @ 1:07 pm By Omar Faridi  |  

Endeit Capital, a European growth capital company, which is considered to be a leading European tech startup investor, has reportedly committed to investing €250 million into Europe’s digital sovereignty ecosystem. Endeit Capital has acquired this amount of capital within a record time so it can… Read More

April 30, 2021 @ 7:50 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes in a blog post that Brexit and the COVID-19 outbreak have had “dramatic effects on the price of shipping.” MarketFinance adds that if your business uses suppliers that are based in other… Read More

April 29, 2021 @ 10:03 pm By Samantha Hurst  |  

  Trust Payments, a global digital payments company, announced on Thursday it has expanded into Ireland, with the plans to open an office in Dublin city center. Founded in 1997, Trust Payments group power the online payments of some of the world’s most well-established companies,… Read More

April 29, 2021 @ 8:35 am By Omar Faridi  |  

Almost three-quarters or 75% of financial institutions have reported an increase in cybercrime activities since the Covid-19 outbreak (around February 2020), according to a survey released by BAE Systems. The survey of 902 banking institutions and insurance providers, based in the US and the UK,… Read More

April 29, 2021 @ 8:28 am By Samantha Hurst  |  

India-based banking group ICICI Bank announced on Thursday the launch of its digital and contactless banking platform for merchants, Merchant Stack. According to ICICI Bank, Merchant Stack provides a bouquet of banking solutions and value-added services in ‘one single place for the retailer eco-system. The main… Read More

April 29, 2021 @ 7:22 am By Omar Faridi  |  

London-based WorldRemit, a global cross-border payments firm, reveals that it has been recognized for having the “best app” for international money transfers. Investopedia has reportedly named WorldRemit as the ‘Best for International Transfers’ as part of its ‘Best Money Transfer Apps of 2021’ awards. The… Read More

April 28, 2021 @ 11:59 pm By Omar Faridi  |  

KingsCrowd, the online private market’s data-driven ratings and analytics platform, announced on Tuesday (April 27, 2021) the publication and availability of the KingsCrowd Regulation Crowdfunding 2018-2020 Intelligence Report. The KingsCrowd Regulation Crowdfunding 2018-2020 Intelligence Report reportedly covers more than 150 Regulation Crowdfunding (Reg CF) market… Read More