General News

April 2, 2021 @ 1:10 pm By Samantha Hurst  |  

Bank of America announced on Friday it has acquired Axia Technologies, Inc. (AxiaMed), a healthcare payment and technology company that is focused on facilitating secure patient payments. The banking giant reported that the acquisition will deepen and expand its payment offerings for healthcare clients, as… Read More

April 2, 2021 @ 8:22 am By Samantha Hurst  |  

  dLocal, a cross-border payment platform, announced on Friday it secured $150 million through its latest investment at a valuation of $5 billion. According to dLocal, Alkeon Capital led the round with participation from BOND, D1 Capital Partners, and Tiger Global. dLocal claims to be… Read More

April 1, 2021 @ 1:50 pm By Samantha Hurst  |  

  Barclays announced on Thursday the launch of a suite of new products for BARX FX, which further enhances its electronic capabilities and strengthens its FX offerings for clients. The suite of new products marks the banking group’s latest milestone in enhancing its electronic trading… Read More

April 1, 2021 @ 1:40 pm By Samantha Hurst  |  

Plug and Play announced on Thursday it has selected 154 startups into their Summer 2021 Batches. The accelerator program reported that each company has been accepted into one of the following programs that run through June: Energy, Enterprise Tech, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, or Travel &… Read More

April 1, 2021 @ 8:09 am By Omar Faridi  |  

The Payments Systems Regulator (PSR) in the UK stated on March 31, 2021 that it “provisionally” finds five firms violated the law by “engaging in cartel behavior” in the pre-paid cards market. As stated in a release, three out of five parties actually admitted liability… Read More

March 31, 2021 @ 11:47 pm By Omar Faridi  |  

Apple (NASDAQ:AAPL) is reportedly being accused of enabling or supporting a fraudulent app which allegedly stole $600,000 worth of Bitcoin from an unsuspecting user.  A man is claiming that Apple had listed the scam app in its App Store that was posing or pretending to… Read More

March 31, 2021 @ 10:11 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) revealed on March 31, 2021, that Singapore plans to take part in global efforts to improve the overall capacity of the International Monetary Fund (IMF) to provide assistance to “vulnerable” low-income nations in “dealing with the economic fallout from… Read More

March 31, 2021 @ 3:34 pm By Samantha Hurst  |  

  BBVA announced on Tuesday it has signed a €1.35 billion sustainable linked guarantee facility with financial tool Enel Group. According to BBVA, the facility is the largest by valued signed by Enel to date. “The economic conditions of this guarantee facility are linked to… Read More

March 31, 2021 @ 3:13 pm By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) has distributed a note criticizing President Joe Biden’s planned tax increase that will hit both individuals and businesses. Addressing  the policy of pushing business taxes higher, the SBE Council says raising taxes during the shaky economy and… Read More

March 31, 2021 @ 8:53 am By Omar Faridi  |  

European Fintech firm iwoca has released a new index on the SME lending landscape. As noted in a blog post by iwoca, the company’s “SME Expert Index” is described as “an exclusive” index that includes UK brokers which “gives specialist insight on the health of… Read More

March 30, 2021 @ 9:07 am By Samantha Hurst  |  

    PayPal Holdings, Inc. (NASDAQ:PYPL) announced on Tuesday the launch of Checkout with Crypto, a new feature that allows customers in the U.S. to check out with cryptocurrency along with other payment methods through the PayPal mobile wallet. “Building on the ability to buy,… Read More

March 29, 2021 @ 10:47 pm By Omar Faridi  |  

The US Federal Reserve’s Digital Dollar initiative may be of concern to Wall Street, according to a report from Bloomberg. The financial services sector may have to prepare for what might be its most significant disruption during the past few decades, according to the report…. Read More

March 29, 2021 @ 3:08 pm By Samantha Hurst  |  

    NOW Money, a UAE-based digital account service, announced on Monday it raised $7 million through its latest investment round, which was led by Anthemis Exponential Ventures with participation from  Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital, and Hambro Perks Oryx Fund. Founded… Read More

March 29, 2021 @ 2:59 pm By JD Alois  |  

Last week, the British Business Bank updated on progress pertaining to loans given to UK firms impacted by the ongoing COVID-19 health crisis. Originated under several government programs designed to support businesses during a difficult time, the Bank said that 1,630,155 government-guaranteed loans worth £75.1… Read More

March 27, 2021 @ 10:14 am By Omar Faridi  |  

George Holland, Mayor of Moorhead, Mississippi, recalls the feeling he experienced when  Regions Bank announced it was shutting down its physical branch in his town just a few years back. As reported by NPR, Holland noted that it was the only banking service provider in… Read More

March 26, 2021 @ 1:40 pm By Omar Faridi  |  

Leading social trading platform eToro (which recently announced it will go public in a SPAC deal via FinTech Acquisition Corp. V with valuation pegged at $10.4 billion), noted in an update published earlier this week that stimulus checks had turned the cryptocurrency market green –… Read More

March 26, 2021 @ 8:53 am By JD Alois  |  

Electric car manufacturer Fisker Inc. (NYSE: FSR) has signed a Memorandum of Understanding with Crédit Agricole Consumer Finance, to possibly supply Fisker Ocean SUVs. While the MOU is nonbinding the intent is to offer the Fisker SUV to select private banking clients and employees beginning… Read More

March 25, 2021 @ 9:28 pm By Omar Faridi  |  

The team at Optiver, a global tech-focused trading firm that’s dedicated to enhancing the market, says that they realize or are aware that achieving “true resilience” across European equity markets can be a large and “multifaceted” challenge which may not be properly addressed with “a… Read More

March 24, 2021 @ 7:46 pm By Omar Faridi  |  

The developers of YIELD App, which allows users to deposit various crypto-assets and earn competitive returns, have published a blog post that covers the controversial Ethereum Improvement Proposal or EIP 1559, the ongoing Ethereum “miner revolt” and “what it all means” for decentralized finance (DeFi)…. Read More

March 24, 2021 @ 3:55 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA) has announced a new index designed to track daily online capital-raising activity of private U.S. companies.  The data is available via Bloomberg’s Alternative Data Platform. This index is calculated based on the capital investments received by the 50 daily highest-raising private… Read More