General News

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

October 9, 2020 @ 8:06 am By Samantha Hurst  |  

Digital bank Revolut has formed a new partnership with Fireblocks, a platform for securing digital assets, to securely expand its cryptocurrency services to 13 million global retail users. Revolute will be using Fireblocks’ MPC-based wallet and network infrastructure to support the introduction of services. “As… Read More

October 8, 2020 @ 10:11 pm By Omar Faridi  |  

India-based Infibeam Avenues, an established online payment solutions and enterprise software developer, has agreed to a new deal that involves licensing its digital commerce and payment software to Jio Platforms, a local digital services firm and a subsidiary of Reliance Industries Ltd. (according to a… Read More

October 8, 2020 @ 3:31 pm By Samantha Hurst  |  

  Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday the launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand to initiate cross-border payments at scale using the digital asset XRP…. Read More

October 8, 2020 @ 8:20 am By Samantha Hurst  |  

U.S.-based online lending platform VIVA Finance announced on Thursday it secured $2.3 million through its latest seed funding round, which was ledgy Acumen Fund. The company’s total amount raised is now up to $3.5 million. Formed in 2019, VIVA describes itself as an online lending… Read More

October 7, 2020 @ 4:57 pm By Omar Faridi  |  

NAGA Group (XETRA: N4G), a Germany-based social trading-focused brokerage firm, reported its financial results on October 5, 2020, for Q3 2020. The NAGA Group claims that it generated record sales and trading volume. The company’s sales volume reportedly increased by 506% year-on-year to €7.1 million… Read More

October 7, 2020 @ 3:38 pm By Samantha Hurst  |  

Alkami Technology, Inc. (Alkami), a cloud-based digital banking solutions provider for banks and credit unions, announced on Tuesday it has acquired fraud prevention provider, ACH Alert. Alkami reported that the acquisition extends its omnichannel platform to include enhanced fraud prevention and secure money movement functionality…. Read More

October 7, 2020 @ 2:09 pm By Samantha Hurst  |  

  Bank of America announced earlier this week the launch of Life Plan, a new digital experience through which clients can set and track near- and long-term goals based on their life priorities, and better understand and act on steps toward achieving them. Available within… Read More

October 7, 2020 @ 10:08 am By JD Alois  |  

The  British Business Bank has issued a response to a review by the National Audit Office Investigation into the Bounce Back Loan Scheme (BBLS).  The British Business Bank notes that the report highlights that the Bounce Back Loan scheme has succeeded in quickly supporting smaller… Read More

October 7, 2020 @ 9:26 am By Samantha Hurst  |  

Qori Capital, a financial management company that ran the largest fund in Peru, recently announced it has applied to become an affiliate member of DeFi Money Market (DMM), the decentralized protocol and ecosystem that brings earned interest back into the global monetary system. Qori reported… Read More

October 6, 2020 @ 10:15 pm By Omar Faridi  |  

The NExt ApplicationS of Quantum Computing (NEASQC) initiative aims to bring together a multidisciplinary consortium of academic and tech industry professionals focused on quantum computing, high-performance computing, artificial intelligence (AI), energy management, and various other sectors. As mentioned in a release: “NEASQC aims to demonstrate… Read More

October 6, 2020 @ 2:43 pm By Samantha Hurst  |  

  U.S.-based B2B fintech Tipalti announced on Tuesday it secured $150 million through its Series E funding round, which was led by Durable Capital Partners with participation from Greenoaks Capital and participation from current investor 01 Advisors. The investment round reportedly brought the company’s valuation to… Read More

October 6, 2020 @ 2:35 pm By Samantha Hurst  |  

P27 Nordic Payments Platform announced on Tuesday it has acquired Bankkgirot, a Sweden-Based clearing house for mass payments. According to P27, Bankgirot has a “central role” in the Swedish payment system and handles transactions of a total value of approximately SEK 73 billion per day…. Read More