General News

October 13, 2020 @ 8:12 am By Samantha Hurst  |  

UK digital banking group Tandem announced on Tuesday it has appointed Barclays vet and former CEO of Allium, Paul Noble, has been appointed its new Chief Commercial Officer. This news comes less than two months after Tandem acquired Allium.  As previously reported,  Allium notably has… Read More

October 12, 2020 @ 11:16 pm By Omar Faridi  |  

Bianjie and the Wuhan Run He De Kang (RHDK) have partnered to implement a blockchain or distributed ledger technology (DLT) enabled Epidemic Early Warning System, in order to help in the fight against Covid-19. As mentioned in the announcement, Wuhan RHDK is a healthcare-focused, Big… Read More

October 12, 2020 @ 10:13 pm By Omar Faridi  |  

Neobanks have been finding it quite challenging to maintain their competitive deposit rates. During the past few weeks, three Australian neobanks have reduced their rates and two of them have placed limits on the balances on which they’ll pay higher interest. Australia based digital bank… Read More

October 12, 2020 @ 9:19 pm By Omar Faridi  |  

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

October 12, 2020 @ 2:31 pm By JD Alois  |  

Coinciding with DC Fintech Week (DCFW), LabCFTC, the innovation branch of the US Commodities Futures Trading Commission (CFTC), will host an event on October 21, 2020, entitled, “Empower Innovation 2020.” According to the CFTC, This is the second of three interactive virtual events hosted by… Read More

October 12, 2020 @ 12:02 pm By JD Alois  |  

The Financial Services and Markets Authority (FSMA) in Belgium has published a report on the securities crowdfunding market. According to the document, during the past two years, crowdfunding offerings carried out in Belgium to finance new projects have raised at least €69.24 million. The period covered… Read More

October 12, 2020 @ 11:58 am By Samantha Hurst  |  

Chargebee, a recurring billing platform for subscription-based SaaS and e-commerce businesses, recently announced it secured $55 million through Series F funding round, which was led by Insight Partners. As previously reported, Chargebee integrates with payment gateways such as Stripe, Braintree, PayPal to allow customers to… Read More

October 12, 2020 @ 11:45 am By Samantha Hurst  |  

UK-based fintech AccessFintech recently announced it secured $20 million through its Series B investment round, which was led by Dawn Capital, with participation from J.P. Morgan, Citi, Goldman Sachs, and Deutsche Bank. The round brings AccessFintech’s total capital raised to date to $37 million since… Read More

October 12, 2020 @ 10:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Monday it has successfully flattened a 2000 per cent spike in hardships caused by COVID-19 after developing and implementing a tech solution in less than 5 days to manage the surge of hardship requests. The lender noted prior to… Read More

October 12, 2020 @ 9:23 am By Samantha Hurst  |  

Alchemy Pay, a hybrid digital and fiat payment solutions provider, recently announced it will be launching its hybrid fiat and cryptocurrency payment services for e-commerce merchants on Shopify through its new partnership with QFPay,  a fiat payments provider with more than 1.2 million merchants. “Shopify… Read More

October 11, 2020 @ 10:44 pm By Samantha Hurst  |  

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently announced it has formed a strategic partnership with Transfero Swiss AG, the largest digital asset management firm in Latin America and the owner of Brazilian Digital Token (BRZ), a stablecoin pegged to Brazilian Real. According to Paxful,BRZ’s price… Read More

October 11, 2020 @ 10:20 pm By Samantha Hurst  |  

  Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, recently announced it has appointed Andy Meehan as Chief Compliance Officer of Asia Pacific Region. According to Gemini, Meehan will oversee Gemini’s strategic compliance and regulatory relationships in the region, maintaining Gemini’s commitment to… Read More

October 11, 2020 @ 4:00 pm By Omar Faridi  |  

The Bank of Korea (BOK), the reserve bank of the Republic of Korea and issuer of South Korean won, is reportedly planning to issue and circulate a central bank digital currency (CBDC) by next year. As first reported by the Korean Times, the BOK will… Read More

October 10, 2020 @ 10:19 am By Omar Faridi  |  

AccountScore, an Open Banking platform, has teamed up with Fintech firm Click2Check in order to offer a new solution, called Credit Assess, which may be helpful for businesses and professionals working in the mortgage advisory market. According to a release, the Credit Assess solution offers… Read More

October 9, 2020 @ 10:47 pm By Omar Faridi  |  

Younger people in India including Millennials and Gen Z consumers are usually quite tech-savvy because most of them have grown up using the latest smartphones. They regularly use the internet to take care of everyday tasks – which may include conducting digital transactions for online… Read More

October 9, 2020 @ 3:08 pm By Samantha Hurst  |  

Meniga, UK-based AI-powered digital banking solutions announced on Friday it has expanded its services to the U.S. The U.S. launch comes less than six months after Meniga secured €8.5 million through its latest strategic investment round, which was led by French banking group Groups BPCE with… Read More

October 9, 2020 @ 2:49 pm By Samantha Hurst  |  

SoFi, one of the most successful Fintechs in the U.S., announced earlier this week it has joined forces with T. Rowe Price Retirement Plan Services for new financial wellness offerings. The duo noted that these offerings are a comprehensive suite of financial wellness resources, including… Read More

October 9, 2020 @ 10:49 am By Samantha Hurst  |  

  Morgan Stanley (NYSE: MS) announced on Thursday it is set to acquire Eaton Vance, an advanced investment strategies and wealth management solutions provider with more than $500 billion in assets under management (AUM), for an equity value of approximately $7 billion. Morgan Stanley reported… Read More

October 9, 2020 @ 10:43 am By JD Alois  |  

Earlier this week, the European Union approved legislation that will harmonize securities crowdfunding rules for member states. Inclusive in the legislation is a 12-month funding cap of €5 million for issuers leveraging online capital formation. The goal is to facilitate capital formation for entrepreneurs and… Read More

October 9, 2020 @ 10:00 am By JD Alois  |  

The LSE Group has issued a statement on the proposed divestment of Borsa Italiana Group in a transaction with Euronext. The deal will see a sale to Euronext for an equity value of €4.325 billion, plus an additional amount reflecting cash generation to completion. The… Read More