General News

November 17, 2020 @ 8:43 am By Omar Faridi  |  

The former NYSE President Tom Farley has filed for a second Special Purpose Acquisition Company (SPAC) initial public offering (IPO). Once again, Farley will be gunning for a Fintech, according to a post on Renaissance Capital. Previously, Farley’s Far Peak Acquisition (NYSE: FPAC) closed on the… Read More

November 17, 2020 @ 8:22 am By Samantha Hurst  |  

Sarwa, an India-based online investment advisory platform for young professionals, announced on Tuesday it has joined forces with Saxo Bank to launch its new product, Sarwa X. According to Sarwa, the collaboration with Saxo will support the advisory platform’s growth across the MENA region as well… Read More

November 16, 2020 @ 11:53 pm By Omar Faridi  |  

Simon Rabin, Founder and CEO at London-based Chip, a financial services firm that automatically stashes away what consumers can afford so they can “spend it on things that really matter,” notes that there may be a potential opportunity to enter the wealth-building space. Rabin’s recent… Read More

November 16, 2020 @ 10:45 pm By Omar Faridi  |  

Onfido, a global ID verification solution provider, will be working with Voi, an e-scooter rental operator The UK has opened up to e-scooters and companies like Voi have been running trial rental services in the West Midlands, Cambridge, Northampton, Liverpool, Bath, and Bristol areas. Voi… Read More

November 16, 2020 @ 7:20 pm By Omar Faridi  |  

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, has been focused on cost-cutting measures in order to deal with the economic challenges created by the COVID-19 pandemic. Banco Santander along with other Spanish lenders are… Read More

November 16, 2020 @ 1:21 pm By Samantha Hurst  |  

  Mastercard announced on Monday the addition of Account-to-Account (A2A) payments functionality to Mastercard Track Business Payment Service. According to Mastercard, the Track Business Payment Service gives businesses greater control of their payments and supports rich data exchanges and the ability to automate payments without… Read More

November 16, 2020 @ 10:19 am By Samantha Hurst  |  

UK-based group collects platform Collection Pot announced on Monday it has expanded its services into Ireland. Founded in 2014, Collection Pot offers a personalized way to collect money for any occasion or charity. “Personalise your collection by adding an image, share the reason for your… Read More

November 16, 2020 @ 9:06 am By Omar Faridi  |  

The Australian Securities Exchange (ASX) had to shut down for business on Monday (November 16, 2020) due to a software issue in a newly installed trading system – which was provided by Nasdaq. ASX’s management noted that the software glitch had created inaccurate market data… Read More

November 16, 2020 @ 8:43 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that Chairman Jay Clayton will depart the agency at the end of the year. The exit by Clayton has long been expected regardless of the outcome of the Presidential election. Clayton joined the SEC on May 4,… Read More

November 16, 2020 @ 8:23 am By Samantha Hurst  |  

BBVA announced on Monday it has agreed to sell to PNC its subsidiary in the U.S. for approximately $11.6 billion (€9.7 billion) in cash. According to BBVA, the selling amount represents 19.7 times the unit’s 2019 earnings, which is almost 50% of BBVA’s current market capitalization. BBVA… Read More

November 14, 2020 @ 5:36 pm By Omar Faridi  |  

UK-based PensionBee, an online pensions provider, is reportedly planning to introduce a fossil-fuel-free investment option for its customers. The new investment plan may be suitable for clients who would prefer to exclude coal, oil, gas, tobacco, and arms manufacturers from their investment portfolios. PensionBee’s latest… Read More

November 14, 2020 @ 2:44 pm By Omar Faridi  |  

LexisNexis Risk Solutions and UK-based Fintech firm Nuggets will be working together to support the implementation of self-sovereign digital identity (SSI) solutions. According to a release shared with CI, SSI solutions are one of several emerging technology-led innovations that are beginning to transform how businesses… Read More

November 13, 2020 @ 6:26 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) distributed a comment letter today outlining its opposition to the proposal by the Securities and Exchange Commission’s move to clarify the role of Finders. A Finder is an individual that finds investors for smaller firms. A lack of… Read More

November 13, 2020 @ 5:27 pm By Omar Faridi  |  

Portugal-based VC firm Faber has revealed that it has closed a €20.5 million round for Faber Tech II, which is a fund that will primarily focus on supporting early-stage initiatives. Faber plans to commit €30 million to the fund that will offer assistance to startups… Read More

November 13, 2020 @ 2:39 pm By Omar Faridi  |  

UK-headquartered low code application developer Dextcloud has reportedly received an investment from Citi. The amount invested by Citi has not been disclosed, however, it’s notably the second such deal finalized by the US-based bank in the past two months. Dextcloud offers firms a low code… Read More

November 13, 2020 @ 12:50 pm By Omar Faridi  |  

India’s Tata Consultancy Services (TCS) has reportedly made a strategic agreement with Prudential Financial Inc (PFI). According to the terms of the deal, TCS will be acquiring PFI’s subsidiary, Pramerica Systems Ireland Ltd.’s selected assets. The staff members at Pramerica will continue working in their… Read More

November 13, 2020 @ 10:42 am By Omar Faridi  |  

Charles Schwab (NYSE:SCHW) has reportedly created a patent-pending algorithm that aims to enhance the customer experience while making investing more accessible to everyone. The new algorithm has been developed by a team of data scientists that work within Schwab’s Digital Services division, which is focused… Read More

November 13, 2020 @ 8:18 am By Samantha Hurst  |  

    Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has launched Rapyd Protect, which is a fraud solution designed to protect businesses and consumers against fraud across countries and payment methods. According to Rapyd, Rapyd Protect is a fraud… Read More

November 12, 2020 @ 1:36 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC) is looking to boost its Fintech bench by hiring three individuals to help with legal issues regarding Fintech. According to a post on USAJOBS, responsibilities include: Analyzing and advising on the interpretation of statutes, common law, regulations, and legal… Read More

November 12, 2020 @ 1:13 pm By Omar Faridi  |  

Mike Tuchen will be replacing Onfido co-founder Husayn Kassai as the company’s new CEO. Kassai will now be serving as an advisor. As previously reported, Onfido is a global ID verification provider. The company’s products are used for verifying “real identities in a remote world.”… Read More