General News

August 13, 2020 @ 3:05 pm By Samantha Hurst  |  

WorldRemit announced on Thursday it has formed partnerships with Mexico-based neobanks albo and Klar. According to Jorge Godinez, Head of LATAM at WorldRemit, the UK based Fintech is considered the first money transfer company to enable transfers to albo and Klar. While speaking about the collaboration… Read More

August 13, 2020 @ 10:48 am By Therese Torris  |  

Rotem Shneor, Ph.D., and two colleagues, Liang Zhao, and Bjørn-Tore Flåten, are publishing “Advances in Crowdfunding – Research and Practice,” a 500-page compendium of articles by 30 contributors, mostly academic researchers, about everything you ever wanted to know about crowdfunding across business models, sectors, and… Read More

August 13, 2020 @ 8:24 am By Samantha Hurst  |  

ABN AMRO announced on Wednesday plans to discontinue Moneyou activities in the Netherlands and Germany, with the exception of the Moneyou mortgage activities. According to ABN AMRO, Moneyou started in 2001 as an online mortgage label, followed by online savings accounts in 2008. At the… Read More

August 12, 2020 @ 4:16 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has quietly turned off its stock popularity data feature. The feature allowed anyone to see which companies’ shares were surging in popularity by the masses of traders. Robinhood has been credited,… Read More

August 12, 2020 @ 2:57 pm By Samantha Hurst  |  

Routable, a U.S.-based fintech startup, announced on Wednesday it raised $12 million through its Series A funding round, which involved participation from Founders Co-op, Y Combinator, Box Group, and Liquid 2 Ventures. Founded in 2017, Routable claims to be the simplest way to send and receive business-to-business… Read More

August 12, 2020 @ 12:59 pm By Samantha Hurst  |  

PGIM Investments, the retail distribution arm of PGIM, Inc., announced on Wednesday it has formed a new partnership with iCapital Network, a fintech providing access to alternative investments. Through the collaboration, iCapital will provide a customized technology solution to augment PGIM Investments’ distribution and servicing… Read More

August 12, 2020 @ 11:26 am By Samantha Hurst  |  

Mastercard announced on Wednesday the expansion of its Accelerate fintech portfolio by adding entrepreneurs to its startup engagement program Start Path and more technology partners to its Engage network. The additions are to provide access to expert engineers and specialists that may help customers deploy new services… Read More

August 12, 2020 @ 10:01 am By Samantha Hurst  |  

UK banking group NatWest recently announced it is bringing Apple Pay to its Business credit card customers. NatWest reported that the option will provide a safer, more secure, and private way to pay, as well as helping customers avoid handing their payment card to someone… Read More

August 11, 2020 @ 8:05 pm By Omar Faridi  |  

The Omnipresent Group, which focuses on offering assistance to remote workers, has secured $2 million in seed funding. The company claims that it acquired the funds “within six weeks” of the COVID-19 outbreak, so that it can offer a viable solution to support what it… Read More

August 11, 2020 @ 2:52 pm By Samantha Hurst  |  

BitTorrent, Inc., a peer-to-peer protocols and products firm, announced on Tuesday it surpassed two billion installations of its torrent client software on Windows, Mac, and Androids. Founded in 2004, BitTorrent claims to be one of the world’s leading peer-based technology companies. The company states it… Read More

August 11, 2020 @ 12:04 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it is introducing Google Pay for in-store purchases in the US. Klarna reported that Sephora, Journeys, and rue21 are among the first Klarna merchant partners to offer Google Pay, in addition to Apple Pay, for in-store purchases. The option… Read More

August 11, 2020 @ 10:39 am By JD Alois  |  

Longtime Securities and Exchange Commission (SEC) staffer Sebastian Gomez Abero has been named Deputy Director of the SEC’s Office of the Advocate for Small Business Capital Formation (OASB). Gomez Abero has been serving as Senior Advisor to SEC Chairman Jay Clayton. The OASB was created… Read More

August 11, 2020 @ 9:36 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has formed a partnership with PayMyTuition, a provider of technology-driven global payment processing solutions for international tuition payments. The collaboration will notably expand PayMyTuition’s ability to accept payments through bank transfers from… Read More

August 11, 2020 @ 8:12 am By Samantha Hurst  |  

UK-based banking group and lender Metro Bank announced on Monday it has launched AI-powered receipt management technology for business customers through its mobile app. According to Metro, the technology enables businesses to capture, store and link their receipts to transactions in their mobile business app…. Read More

August 11, 2020 @ 7:55 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday it has formed a three-year strategic partnership with Microsoft to accelerate its plans to become a cloud-first bank. Standard Chartered reported that the partnership makes a significant milestone for its virtual banking, next-generation payments, open banking, and banking-as-a-service efforts…. Read More

August 10, 2020 @ 10:58 pm By Omar Faridi  |  

Researchers that attended the recent Black Hat security conference confirmed that digital currency exchanges remain vulnerable to hackers. While digital asset trading platforms may have attempted to provide adequate security to protect users’ funds, researchers argue that cryptocurrency exchange attacks have been operating like “an… Read More

August 10, 2020 @ 2:17 pm By Samantha Hurst  |  

Falls Fintech, the fintech accelerator founded by Central Payments, announced on Monday the commencement of its fall cohort, operating virtually from August 10 to October 30, 2020. According to the program’s officials, Cohort 2 includes a pair of new initiatives from the accelerator. For the… Read More

August 10, 2020 @ 1:20 pm By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, has rebranded its Australian P2P lending platform to Plenti. Head of Marketing at Plenti, Sebastian Paulin, shared more details about the rebranding, by stating: “As Plenti, we want to help our customers make the most of… Read More

August 10, 2020 @ 12:51 pm By Omar Faridi  |  

Strong Customer Authentication (SCA) testing performed by tech giant Microsoft reveals that consumers are actually leaving their planned purchases at relatively high rates when challenged at the time of checkout. SCA is a European regulatory requirement that aims to reduce or eliminate fraudulent activities and… Read More

August 10, 2020 @ 12:17 pm By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday its new Global Fast Track Program, which is a business-driven program within Hong Kong Fintech Week (HKFW). According to InvestHK, the Fast Track program plugs fintech enterprises directly into Hong Kong’s diverse ecosystem of world-class regulators, business leaders,… Read More