General News

January 13, 2021 @ 5:55 pm By Omar Faridi  |  

Mexican workers now based in the United States have reportedly been sending record amounts of funds to friends or family members back home since 2020, which may suggest that the American economy has been fairly resilient despite the challenges created by the COVID-19 outbreak. As… Read More

January 12, 2021 @ 10:58 pm By JD Alois  |  

Securities offerings via crowdfunding platforms in the UK had a gangbuster year, according to a report. In total, £332 million was raised led by the two dominant platforms – Crowdcube and Seedrs – that hoover up over 90% of the offerings. A report by the… Read More

January 11, 2021 @ 9:45 pm By Omar Faridi  |  

Canadian banking group Scotiabank has noted that its strategic investments in machine learning (ML) technologies are beginning to pay off during the Coronavirus crisis, allowing it to effectively serve clients as they try to cope with these uncertain and challenging times. Analysts at the bank’s… Read More

January 11, 2021 @ 7:33 am By Omar Faridi  |  

Over 160 physical bank branch locations are shutting down permanently between now and the end of the lockdown period, which has been tentatively scheduled for late March 2021 in the UK.  As first reported by the Daily Mail, these bank branch closures will come as… Read More

January 10, 2021 @ 4:30 pm By Omar Faridi  |  

US-based wealth management tech platform Addepar notes that for many years, wealth managers have had important questions that have been “surprisingly difficult to answer.” For instance, they want to know what exactly they own in their portfolios and where they own these assets. Wealth managers… Read More

January 9, 2021 @ 5:41 pm By Omar Faridi  |  

Digital payments in Saudi Arabia surged by 75% last year, as consumers increasingly began shopping online following the COVID-19 outbreak. Meanwhile, cash withdrawals from ATMs and other payment points declined 30% during the same time period. Point of sale (PoS) refers to a location where… Read More

January 9, 2021 @ 12:19 pm By Omar Faridi  |  

US-based digital currency exchange Gemini recently welcomed Eugene Ng as the firm’s new APAC Head of Business Development. Gemini’s management confirmed on January 7, 2021 that they’re pleased to announce that Eugene Ng will be serving as the crypto firm’s Head of Business for the… Read More

January 8, 2021 @ 10:39 pm By Samantha Hurst  |  

  Augmentum Fintech plc (LSE: AUGM) announced on Friday it is entering the decentralized finance (DeFi) space through its investment and partnership with ParaFi Capital. Explaining the need to enter the DeFi space, the Augmentum Fintech team stated: “Activity in the DeFi space has gained significant… Read More

January 8, 2021 @ 8:50 am By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services industry, has noted that after the extension of government support from November 2020, an estimated £600 million  in funding was provided via the topping-up of current Bounce Back Loan Scheme (BBLS) facilities. Lending… Read More

January 8, 2021 @ 8:14 am By Samantha Hurst  |  

Netshares Financial Services, a U.S.-based digital investment bank and regulation crowdfunding (Reg CF) platform, announced earlier this week that the Financial Industry Regulatory Authority (FINRA) has approved its New Membership Application to commence operations as a registered broker-dealer. Netshares revealed that it will bring offering… Read More

January 6, 2021 @ 11:39 am By JD Alois  |  

The year of COVID-19 was a difficult time for all. 2020 saw government-mandated lockdowns, a shift to virtual offices, and a health crisis that has not been experienced in many decades. While all industries had to adapt, some thrived – typically tech-centric firms that have… Read More

January 5, 2021 @ 8:21 am By Samantha Hurst  |  

  U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it has joined forces with SLIB, a software vendor in electronic voting and security services based in France, to offer a joint, cross-border proxy voting solution for Shareholder Rights Directive II (SRD II) compliance, covering European… Read More

January 4, 2021 @ 10:37 pm By Omar Faridi  |  

Dubai‘s economy is projected to grow by 4% this year, driven by the government’s (fairly) effective response to the COVID-19 pandemic. The Dubai government has taken several measures to extend support to local businesses and individuals. It also launched four stimulus packages valued at 6.8… Read More

January 4, 2021 @ 7:51 am By Omar Faridi  |  

Digital currency exchange Bittrex has announced that Monero (XMR), Zcash (ZEC), and Dash (DASH) cryptocurrency markets will be “removed on Friday, January 15th at 23:00 UTC.” The Bittrex team confirmed that the following markets will be removed on January 15, 2021: BTC-XMR, ETH-XMR, USDT-XMR BTC-ZEC,… Read More

January 2, 2021 @ 10:04 pm By Omar Faridi  |  

Pakistan’s Central Depository Company (CDC) has introduced the first Fintech platform in the country that will allow people to compare and invest in different mutual funds with the goal of increasing the share of the mutual fund asset class from 1.6% of the GDP to… Read More

December 31, 2020 @ 5:35 pm By JD Alois  |  

2020 was a challenging year for the entire world. The ongoing health crisis surprised everyone as the world dove into a pandemic, pummeling the global economy and impacting everyone. In many respects, Fintech emerged as a beneficiary of COVID-19. Digital transformation of financial services were… Read More

December 31, 2020 @ 4:40 pm By Omar Faridi  |  

Wolters Kluwer, a company providing information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors, has enhanced the end-to-end user experience for the latest Paycheck Protection Program (PPP) funding va TSoftPlus software and the eOriginal platform…. Read More

December 31, 2020 @ 9:33 am By JD Alois  |  

Business finance specialist Rangewell, has published a blog post that seeks to clarify how SMEs will be impacted by the Brexit deal. Agreed upon last week, the UK government is calling the deal a big win for the UK’s sovereignty.  Nic Conner, Rangewell’s Research Consultant… Read More

December 30, 2020 @ 8:41 pm By Omar Faridi  |  

Firms secured more capital via stock market listings in 2020 than in any other year, except for 2007, as a recovery in equities valuations managed to attract various firms and blank-cheque acquisition vehicles were increasingly used to carry out listings in US markets. The hot… Read More

December 30, 2020 @ 1:26 pm By Samantha Hurst  |  

   PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced its check-cashing fees associated with the PayPal cash-a-check feature are being waived for government stimulus paper check recipients, enabling more customers to access their funds usually within minutes, from the safety of their own home, free of charge. PayPal reported that customers… Read More