General News

January 25, 2021 @ 8:06 am By Omar Faridi  |  

A recent study carried out by the Mastercard Economics Institute revealed that the Coronavirus crisis has presented Africa with significant growth opportunities for Fintech firms. The study has noted that the industry should, this year, play a key role in promoting greater financial inclusion in… Read More

January 24, 2021 @ 10:28 pm By Omar Faridi  |  

Mastercard has partnered with UAE-headquartered PSP Network International in order to introduce a digital platform with the goal of promoting the adoption of virtual payments across the MENA region. With this new digital platform going live this month, Network International plans to help its customers… Read More

January 24, 2021 @ 1:32 pm By Omar Faridi  |  

UK-based Blend Network, a peer to peer (P2P) property lending platform, has revealed that they’re expanding their team of professionals.  Blend Network’s management confirmed that they’re pleased to announce that Chloe Stidston-Lewis has now joined their lending team as a lending associate. Chloe has reportedly… Read More

January 23, 2021 @ 7:29 pm By Omar Faridi  |  

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

January 23, 2021 @ 4:34 pm By Omar Faridi  |  

It’s never that simple or easy to borrow funds from friends or family members, however, that’s actually the uncomfortable reality for many small business owners globally who are often funded by their families or relatives. MoneyTurtle is offering a service that’s meant to formalize this… Read More

January 23, 2021 @ 1:22 pm By Omar Faridi  |  

Berlin-headquartered Elinvar, a Fintech firm that aims to assist wealth managers and private banks with digitizing their business processes, has secured €25 million in capital. Elinvar’s platform outsources key processes such as client relationship management, digital onboarding, onsite advisory services, investment management, reporting, invoicing, online… Read More

January 22, 2021 @ 7:47 pm By Omar Faridi  |  

Enfusion, an established provider of global investment management software and fund services that’s focused on “automating and simplifying full front-to-back office functionality with one vendor,” notes that as funds continue to grow, many patch together tech solutions, adding new functionality or capabilities as they become… Read More

January 22, 2021 @ 11:11 am By Samantha Hurst  |  

Citi announced on Thursday it has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe, and Asia Pacific regions. According… Read More

January 21, 2021 @ 4:09 pm By Samantha Hurst  |  

  Plaid announced on Thursday it has launched FinRise, an incubator program to empower early-stage entrepreneurs that are Black, Indigenous, or People of Color. “During an internal hackathon, Plaiderdays, last summer, inspired by the Black Lives Matter movement, a group of us got together to… Read More

January 21, 2021 @ 8:16 am By Samantha Hurst  |  

  Temenos (SIX: TEMN), a banking software company, announced on Thursday it has hit a new milestone by supporting a total of  60 challenger bank clients. Temenos reported that digital banks, such as Alba, Alpian, Banco del Sol, Flowe, FlowBank, Lunar, Next Commercial Bank, Pepper, Varo Bank, and WeLab Bank, have selected the company’s… Read More

January 20, 2021 @ 9:48 pm By Omar Faridi  |  

Chicago-based Avant, a Fintech firm that aims to give everyday Americans “access to the financial products they deserve,” notes that millions of US residents continue to struggle through the COVID-19 pandemic. However, a $900 billion relief bill was recently signed into law (toward the end… Read More

January 20, 2021 @ 10:06 am By Samantha Hurst  |  

  Wealthpilot, a Germany-based wealth management platform, announced on Wednesday it secured €8 million through its latest investment round. According to Wealthpilot, the total amount includes a contribution of €3.4 million from investor Seventure, with the remainder coming from previous investors Bayern Kapital, MIG Fonds,… Read More

January 19, 2021 @ 10:41 pm By Omar Faridi  |  

Payments company GHL has reportedly expanded its line of products and services to include road tax and vehicle insurance renewal options. GHL’s new services are being introduced after it announced a partnership with Malaysia’s Loanstreet, an established financial marketplace. Following the launch of GROW by… Read More

January 18, 2021 @ 10:56 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, is encouraging the country’s residents to use e-hong baos, which are monetary gifts handed out in envelopes, during the upcoming Lunar New Year. Singapore’s Association of Banks (ABS) said it would be… Read More

January 18, 2021 @ 10:03 pm By Omar Faridi  |  

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More

January 17, 2021 @ 10:07 pm By Omar Faridi  |  

SNGLR Holding AG has confirmed the official launch of its business operations and is now fully operational with its headquarters based in Zug, Switzerland. SNGLR Holding also maintains  business offices in Boston (USA), Berlin, (Germany), Rome (Italy), and Dubai (UAE). The SNGLR Holding team includes… Read More

January 15, 2021 @ 11:07 am By Samantha Hurst  |  

NYMBUS, a U.S. financial service platform provider, announced on Friday that Rilla Delorier and John Janclaes have joined its new industry advisory board. According to NYMBUS, the inaugural team of executives will provide valuable perspectives for helping more financial institutions accelerate their digital growth with… Read More

January 14, 2021 @ 10:25 pm By Omar Faridi  |  

Research carried out by Think Forward Initiative and Eller College of Management, University of Arizona reveals that so-called budgeting apps are actually causing consumers to spend more money instead of helping them develop good savings habits. The design of a budgeting app usually involves showing… Read More

January 13, 2021 @ 10:41 pm By Omar Faridi  |  

Swiss Innovation agency Innosuisse will be introducing two funding projects in January 2021, which will be called the impulse program “Swiss Innovation Power” and the Flagship Initiative. In November of last year, the Federal Council in Switzerland had committed to launching the impulse program “Swiss… Read More

January 13, 2021 @ 10:19 pm By Omar Faridi  |  

Anchorage, a company that aims to help institutional investors with adopting digital assets, has welcomed Asaf Iram, as the firm’s new Head of Risk. Diogo Mónica, Anchorage President and Co-founder, and Nathan McCauley, the CEO and Co-founder at Anchorage, noted in a blog post published… Read More