General News

March 3, 2021 @ 11:26 pm By JD Alois  |  

The British Business Bank has distributed a response following the Budget presentation by the Chancellor of the Exchequer Rishi Sunik. The Bank has been a key factor in supporting UK businesses as it has managed a series of programs designed to backstop the economy. Within… Read More

March 3, 2021 @ 10:45 pm By Omar Faridi  |  

BlackRock (NYSE:BLK), the world’s largest asset manager, notes that last year they wrote to their clients and informed them that the company was making sustainability its “new standard” for investing. BlackRock confirmed that they had outlined how they were making sustainability “integral” to how they… Read More

March 3, 2021 @ 9:54 pm By Omar Faridi  |  

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

March 3, 2021 @ 2:43 pm By JD Alois  |  

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

March 3, 2021 @ 9:03 am By Omar Faridi  |  

Peer to peer business lender ArchOver notes that it’s “wonderfully ironic” when Michael Burry, who had been played by actor Christian Bale in the Big Short, tells us that the GameStop antics are “unnatural, insane and dangerous.” Bale also noted that there must be “legal… Read More

March 3, 2021 @ 7:50 am By Omar Faridi  |  

Online lender Funding Circle (LSE:FCH) recently noted in blog to its small business customers what the roadmap out of the COVID-19 lockdown means for small businesses. On February 22, 2021, the UK government announced its “highly anticipated” four-phase roadmap out of the Coronavirus-related lockdown —… Read More

March 2, 2021 @ 10:56 pm By Omar Faridi  |  

The Coronavirus outbreak has led to a dramatic surge in demand for contactless payments options, which has accelerated the ongoing shift from cash transactions to safer digital payment methods. Jodie Kelley, CEO at Electronic Transactions Association, has noted that during the past 6 to 8… Read More

March 2, 2021 @ 10:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has pivoted once again when it comes to crypto. Some time ago, it was widely reported that Goldman was launching a crypto trading desk. First reported in 2017, Goldman was predicted to launch a digital asset trading desk by June 2018. The… Read More

March 1, 2021 @ 10:21 pm By Omar Faridi  |  

Bitcoin-focused tech startup Casa notes that “hot on the trail” of their recent $4 million fundraising announcement, they are pleased to announce another set of product enhancements Casa confirmed that they’ve now removed the email “dependency” from Bitcoin hardware wallet signing – so users are… Read More

March 1, 2021 @ 8:13 am By Omar Faridi  |  

Online peer-to-peer lender Blend Network notes that the UK was the world’s first country to authorize and begin administering the Pfizer/BioNTech vaccine on December 8, 2020. The vaccine had been on track to immunize 15 million individuals by February 15, 2020. The immunization efforts have… Read More

March 1, 2021 @ 8:03 am By Samantha Hurst  |  

  Payment processing and global retail banking platform Klarna announced on Monday it secured $1 billion through its equity funding round to accelerate international expansion and further capture global retail growth. Klarna revealed that the round, which subscribed four times the amount it originally sought to raise, included… Read More

February 28, 2021 @ 11:57 pm By Omar Faridi  |  

Currencycloud, a cross-border payment platform, notes in a blog post that UK businesses have been struggling to deal with various issues ever since the country voted in 2016 to leave the European Union (EU). While the agreement reached between the United Kingdom and European Union… Read More

February 28, 2021 @ 6:34 pm By Omar Faridi  |  

Crypto exchange OKCoin confirms in a new report that Ethereum (ETH) scaling has recently seen a boost, while the total value locked in decentralized finance (DeFi) has plummeted. DeFi pulse data shows that there’s currently just under $35 billion worth of value locked in DeFi… Read More

February 28, 2021 @ 6:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee has scheduled a meeting for March 11, 2021. Included on the agenda is a panel discussion on the hot Special Acquisition Company (SPAC) market. According to the agenda, the panel will be moderated by Christopher Mirabile,… Read More

February 27, 2021 @ 12:53 pm By Omar Faridi  |  

The developers of The Graph, which serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks, have revealed that indexing and querying are now live on the Fantom Layer 1 Blockchain. As mentioned in the update, the Fantom layer… Read More

February 26, 2021 @ 9:30 pm By Samantha Hurst  |  

  Biz2Credit announced earlier this week it supports Biden-Harris Administration’s changes to the Paycheck Protection Program (PPP). The company claims that the changes will promote more equitable access to funding for small businesses in need of funding during the COVID-19 pandemic. Biz2Credit further revealed it has… Read More

February 26, 2021 @ 8:34 pm By Omar Faridi  |  

Southeast Asian Fintech firm Grab has revealed that it will be creating about 350 new jobs in Singapore during 2021 in order to support its ongoing growth and development plans. These new roles and requirements aim to support the Fintech company’s expansion of products and… Read More

February 26, 2021 @ 7:41 am By Omar Faridi  |  

Switzerland’s Flovtec Technologies AG, a technology firm focused on offering liquidity to digital token issuers and exchanges, stated that it will be giving the digital asset ecosystem greater (or full control) over market making activities. This move should provide a more seamless digital experience, transparent… Read More

February 25, 2021 @ 10:47 pm By Omar Faridi  |  

Oak HC/FT, which is focused on the future of Fintech and Healthcare, is launching the Oak HC/FT Fund IV as the organization continues its “pursuit of extraordinary opportunities.” Oak HC/FT notes that when looking back on an “exceptionally challenging” year due to the COVID-19 pandemic,… Read More

February 24, 2021 @ 11:44 pm By Omar Faridi  |  

The Westpac Group in Australia has revealed that SocietyOne is its second partner to join­ the institution’s new digital banking-as-a-service (BaaS) platform. SocietyOne is a key Fintech player in the nation’s digital lending sector (having originated more than $1 billion in loans). According to a… Read More