General News

July 22, 2020 @ 9:17 am By JD Alois  |  

Similar to just about every other annual event, InvestHK transitioned to a virtual event for this year’s StartmeupHK Festival. According to a release by the organizers, the event went quite well as it apparently attracted over 181,000 attendees in the midst of the COVID-19 health… Read More

July 21, 2020 @ 9:00 pm By Omar Faridi  |  

Shaw & Co, a corporate finance advisory company, will be providing a free of cost online credit suitability check software program for businesses, so that they can determine whether they need and qualify for working capital funding during the COVID-19 crisis. Shaw & Co’s cashflow… Read More

July 21, 2020 @ 3:01 pm By Samantha Hurst  |  

LiquidityBook, a U.S.-based Software-as-a-Service (SaaS)-based provider of buy and sell-side trading solutions, announced on Tuesday the appointment of Cash Lafferty as Head of Business Development – West Coast. According to LiquidityBook, Lafferty has 20 years of experience across a variety of sales, trading, technology roles…. Read More

July 21, 2020 @ 2:39 pm By Samantha Hurst  |  

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, announced on Tuesday it was named the winner of a Silver Stevie Award last week in the Innovation in Technology category in the seventh annual Asia-Pacific Stevie Awards. The online lender claims… Read More

July 21, 2020 @ 2:13 pm By Samantha Hurst  |  

Nexsys Technologies, a U.S.-based fintech company that provides a suite of essential tech solutions for mortgage origination and closing, announced on Tuesday it has formed a partnership with insurtech Lemonade to simplify the homeowners’ insurance verification process by using Nexsys’ Clear HOI. Nexsys reported that… Read More

July 21, 2020 @ 10:47 am By Samantha Hurst  |  

Xinja Bank, an Australia-based neobank, announced on Tuesday plans to launch a U.S. share platform for Australian investors, Dabble. According to Xinja, Dabble will sit alongside the neobank’s bank account and savings account Stash. It will provide quick and easy access to US shares, many… Read More

July 21, 2020 @ 10:30 am By Samantha Hurst  |  

Plum, an artificial intelligence (AI)-enhanced smart savings mobile app, has raised $10 million through its latest investment round, which was led by Japan’s Global Brain, and the European Bank for Reconstruction and Development. The latest investment comes less than a year after Plum raised $3 million through… Read More

July 21, 2020 @ 10:07 am By Samantha Hurst  |  

Western Union (NYSE: WU) announced on Tuesday it has joined forces with  TrueMoney, a financial services provider, to expand its services into the Philippines. Western Union reported that through the partnership, customers will initially be able to receive money at select TrueMoney locations and eventually… Read More

July 21, 2020 @ 9:19 am By JD Alois  |  

The UK COVID-19 support programs continue to expand as the banking and finance industry has now approved £47.9 billion to over 1.1 million businesses via government-backed coronavirus lending schemes, HM Treasury reports today. Both traditional finance and Fintechs are supporting these programs. Specifically: Coronavirus Business… Read More

July 21, 2020 @ 8:18 am By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has made the tough decision to postpone its UK launch indefinitely. The company announced the unfortunate news in an email on Tuesday, which reportedly read: Hi there,   We’re saddened to… Read More

July 21, 2020 @ 7:51 am By Omar Faridi  |  

The European Commission (EC), the executive branch of the European Union that recommends legislation, implements various policies and decisions, among other duties, is being asked to use its European Social Fund (ESF) to issue loans via crowdfunding and peer to peer (P2P) lending platforms across… Read More

July 20, 2020 @ 10:27 pm By Omar Faridi  |  

The State of Bank of India (SBI) has again cautioned against the increasing number of fraudulent activities targeting unsuspecting bank account holders. The SBI is a multinational, public sector banking and financial services statutory body that’s headquartered in Mumbai, Maharashtra. Last year, it was ranked… Read More

July 20, 2020 @ 3:19 pm By Samantha Hurst  |  

Virgin Money announced on Monday the trial launch of Home Buying Coach, a new app designed to help first-time buyers navigate the home purchase process. According to Virgin Money, the app is launching in collaboration with Life Moment, a provider of platforms and tools to… Read More

July 20, 2020 @ 12:32 pm By Samantha Hurst  |  

Bond, a U.S.-based fintech startup, recently announced it secured $32 million through its Series A funding round, which was led by Coatue with new investors Goldman Sachs, Mastercard and B Capital. Founded in 2019, Bond states it is giving brands and banks the ability to… Read More

July 20, 2020 @ 11:08 am By Samantha Hurst  |  

Privacy.com, a virtual card platform that provides secure payments for businesses and consumers, announced on Monday it secured $10.2 million through its Series A funding round, which was led by Teamworthy Ventures with participation from Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds and Rainfall Ventures…. Read More

July 20, 2020 @ 9:28 am By Samantha Hurst  |  

  DigitalMint, a U.S.-based Bitcoin point-of-sale provider, announced on Monday it has formed a partnership with Answers, Etc., a financial services software provider. DigitalMint reported that by integrating with Answers, Etc.’s financial service center point-of-sale system, Tier3, the collaboration will provide a “simple” way for… Read More

July 20, 2020 @ 9:15 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Monday it has secured Mastercard principal membership. Wirex claims it is the first cryptocurrency-native platform to secure the membership, which will enable Wirex to issue payment cards directly, offering even more convenience, reduced costs, and faster transactions… Read More

July 19, 2020 @ 10:15 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has rolled out its new anti-phishing email feature to help protect exchange users against phishing attempts. According to Crypto.com, the anti-phishing email feature helps reinforce the platform’s  Defense in Depth approach. “With this new feature, we… Read More

July 19, 2020 @ 3:08 pm By JD Alois  |  

  The Twitter hack that saw 130 different accounts compromised and embarrassed the popular social media company is still be sorted out. It has been reported that the FBI is involved in the investigation of how exactly the perpetrators gained access to prominent Twitter accounts… Read More

July 18, 2020 @ 9:55 am By Omar Faridi  |  

Banking challenger Branch, a service provider that teams up with employers to assist workers with growing financially, recently revealed key findings from its second annual Branch Report. The digital challenger’s report looks at the financial, work, and lifestyle interests of hourly workers. As noted in… Read More