General News

December 15, 2020 @ 11:50 pm By Omar Faridi  |  

More UK-based consumers have been supporting their local independent businesses during the COVID-19 pandemic, according to research conducted by Nucleus Commercial Finance. The researchers revealed that the vast majority (96%) of UK consumers support their local businesses and 63% of them have made a special… Read More

December 15, 2020 @ 3:42 pm By Samantha Hurst  |  

  Integrated payments platform Paysafe announced on Tuesday it has expanded its alternative payment method Paysafecash to the U.S. This expansion comes less than six months after Paysafecash made its debut in Mexico. Now in nearly 30 countries, Safesafecash is designed for consumers who do… Read More

December 15, 2020 @ 2:05 pm By Samantha Hurst  |  

  U.S. digital bank Radius Bank announced on Tuesday the recent launch of its enhanced online business banking platform and mobile app for small business clients. According to Radius Bank, The overhauled user experience was the result of the bank’s continued partnership with fintech startup… Read More

December 15, 2020 @ 10:34 am By Samantha Hurst  |  

    U.S. fintech Galileo announced on Tuesday it has joined forces with TomoCredit to launch a new credit card specifically for consumers lacking a credit history. The company claims the new card is considered the only credit card that does not require a credit… Read More

December 15, 2020 @ 9:43 am By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday it has formed a new partnership with payments and commerce solution platform Verifone. Klarna reported that through the partnership it will be available as the buy now pay later solution to millions of Verifone devices in the U.S…. Read More

December 15, 2020 @ 9:04 am By Samantha Hurst  |  

  Switzerland based Fintech Incubator & Accelerator F10 announced on Tuesday the launch of its new investment unit, F10 Investment AG. According to F10, the unit’s founding investors are F10 FinTech Incubator & Accelerator and the F10 Corporate Partners SIX Group as well as the… Read More

December 14, 2020 @ 9:51 pm By Omar Faridi  |  

Lloyds Banking Group, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to run a 6-month trial or pilot of an invoice financing platform offered by Satago Financial Solutions. If the testing period… Read More

December 14, 2020 @ 3:32 pm By Samantha Hurst  |  

DoorDash (NYSE: DASH) announced on Monday it has teamed up with global fintech Payfare to launch the DasherDirect platform. According to the duo, DasherDirect is a banking solution for DoorDash delivery drivers (aka Dashers) offering a business prepaid Visa card and mobile banking app. The platform also offers… Read More

December 14, 2020 @ 10:49 am By JD Alois  |  

The European Commission (EC) has come to an agreement on the €7.5 billion budget for the Digital Europe program. The goal is to “improve Europe’s competitiveness in the global digital economy and achieve technological sovereignty.” The EC said it seeks to support the digital transformation… Read More

December 13, 2020 @ 8:24 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has issued “Three Wise Warnings” for the nation’s consumers. The financial regulator has cautioned that customers should look out for loan fee fraud this Christmas or holiday season. The FCA notes that if you’ve been asked to pay some… Read More

December 13, 2020 @ 7:23 pm By Omar Faridi  |  

CertiK, a U.S.-based end-to-end cybersecurity solutions provider, has confirmed that the $BOOST governance token, which includes its functionality with “a plethora” of native smart contracts like Boost treasury, Boost token rewards, Controller, and Vault has been “successfully” audited with CertiK. The CertiK team claims that… Read More

December 13, 2020 @ 7:17 pm By JD Alois  |  

Russian hackers have apparently breached defenses at the US Department of Treasury monitoring emails for months, according to a report. Treasury was not alone, according to Reuters, the US Department of Commerce reportedly issued a statement on the breach to their systems: “We have asked… Read More

December 12, 2020 @ 5:36 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has promoted Sheldon Mills to serving as Executive Director, Consumers and Competition. The financial regulator confirmed that the role was recently created to fulfill various requirements. The FCA noted that the post was created in November 2020 when the… Read More

December 12, 2020 @ 1:48 pm By Omar Faridi  |  

UK-based firms are facing losses of around £1.86 billion (appr. $2.46 billion) which could result from unpaid invoices, even though the nation’s businesses have received financial support from the government’s COVID-19 relief packages. Red Flag Alert, an insolvency company that assists businesses with safeguarding their… Read More

December 11, 2020 @ 5:58 pm By JD Alois  |  

The Paycheck Protection Program (PPP), helicopter money disbursed by the federal government to aid businesses crushed by the ongoing COVID-19 pandemic had a positive effect but the overall impact has been short-lived, according to research provided by Biz2Credit. The online lender states that the government… Read More

December 9, 2020 @ 2:43 pm By Samantha Hurst  |  

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Wednesday it has completed its acquisition of Giact Systems, LLC (GIACT). Refinitiv recently revealed that the acquisition will boost its existing risk and… Read More

December 9, 2020 @ 8:42 am By JD Alois  |  

The £3 million Rapid Recovery Challenge funded by Nesta has announced fourteen organizations that have received £125,000 each to develop innovative solutions that help people access jobs and financial support during the COVID-19 pandemic. The Challenge is also being supported by the Money and Pensions… Read More

December 8, 2020 @ 4:41 pm By Omar Faridi  |  

The National Crowdfunding & Fintech Association (NCFA Canada), which supports a financial innovation ecosystem offering education, market intelligence, stewardship, networking and funding opportunities, has reminded industry participants that there’s only about a week remaining to provide comments on a consultation on technology risks in the… Read More

December 8, 2020 @ 11:58 am By Samantha Hurst  |  

Payments platform Square announced on Tuesday its plans to become net-zero carbon for operations by 2030, including its primary Scope 3 emissions. The company furthe revealed the launch of its Bitcoin Clean Energy Investment Initiative, where it has committed $10 million to support companies that help drive… Read More

December 8, 2020 @ 10:11 am By Samantha Hurst  |  

Zuora, Inc. (NYSE: ZUO), a subscription management platform provider, announced on Tuesday it has formed a partnership with payments platform Stripe to accelerate the growth of Zuora’s new product, Subscription Economy. According to Zuora, the product integration will enable the provider’s customers to enhance their… Read More