General News

July 10, 2020 @ 8:08 am By Samantha Hurst  |  

Russian banking group Sberbank announced on Thursday the launch of SberPay, which is a new system for payment services. According to Sberbank, SberPay allows users to pay for purchases both online and offline. “SberPay is absolutely free for retail customers. Fees for using SberPay’s online… Read More

July 10, 2020 @ 7:42 am By Samantha Hurst  |  

Broctagon Fintech Group, a multi-asset liquidity and technology provider headquartered in Singapore, recently announced it has enhanced cryptocurrency depositing systems for brokers with CRM upgrade. According to Broctagon, the update adds more than 40 new cryptocurrencies for brokers to accept deposits in. “Traders can now… Read More

July 9, 2020 @ 9:29 pm By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has launched its all-in-one payment integrated solution in Mexico. This news comes just a little over a month after the company launched its solution in the UK.  According to Rapyd, the solution… Read More

July 9, 2020 @ 9:23 pm By Samantha Hurst  |  

Just a few months after launching its services in Latvia, PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, has made its debut in Bulgaria. As previously reported, PaySafeCard claims it has become a global market leader in online prepaid payment methods and… Read More

July 9, 2020 @ 5:02 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced a series of Fintech focused virtual events to take place later this fall. Hosted by the CFTC’s innovation section, LabCFTC, “Empower Innovation 2020” will be a series of virtual events in place of a “Fintech Forward” conference… Read More

July 9, 2020 @ 9:53 am By Samantha Hurst  |  

UK-based challenger bank Tide announced this week it has paused its bounce back loan lending and closed its waiting list. In April 2020, Chancellor Rishi Sunak announced the lending scheme, which added to the existing support of small businesses that are affected by the COVID-19… Read More

July 9, 2020 @ 8:09 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Thursday  Jim Young, the company’s Chief Financial Officer, will be stepping down from his role to pursue an opportunity with Indigo Ag, Inc., a private company operating at the intersection of technology, markets, and sustainability.  According to Broadridge,… Read More

July 8, 2020 @ 3:35 pm By Samantha Hurst  |  

European Crowdfunding Network (ECN) recently announced that it and Blockpool.eu, funded under the ECs Horizon 2020, have selected 25 SMEs for funding and participation of the Business and Technical Support Program for blockchain and distributed technology (BDLT) implementation. The program is set to run for… Read More

July 8, 2020 @ 10:21 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Wednesday it has joined the IBOS Association (IBOS), an international banking network.  According to Standard Chartered, the IBOS members collaborate to serve each other’s international clients in markets… Read More

July 8, 2020 @ 7:28 am By Omar Faridi  |  

Trulioo, a provider of global identity verification solutions, revealed on July 8, 2020 that it has developed  new document verification and facial recognition software. The new features will be added to EmbedID, a low-code developer tool that can work with the GlobalGateway API – which… Read More

July 7, 2020 @ 10:20 pm By Omar Faridi  |  

UK-based Alternative Business Funding (ABF), a free and easy-to-use website for finding funding sources for SMEs, has teamed up with LawBite, an online legal platform powering a fully SRA regulated UK law firm that provides various legal services to small businesses. Through the partnership, the… Read More

July 7, 2020 @ 9:14 pm By JD Alois  |  

  Tomorrow (July 8), the Task Force on Artificial Intelligence, part of the House Financial Services Committee will hold a virtual hearing entitled, “Exposure Notification and Contact Tracing: How AI Helps Localities Reopen Safely and Researchers Find a Cure.”  Open to the public, the virtual… Read More

July 7, 2020 @ 11:21 am By Samantha Hurst  |  

Global digital banking group EQIBank announced on Tuesday the launch of its Global Secured Credit Card, which is now available for both corporate and private account holders.  “Booking flights, arranging hotel accommodation, and making purchases online is now so much easier regardless of where you… Read More

July 7, 2020 @ 11:03 am By Samantha Hurst  |  

  Digital bank Penta announced on Tuesday it has more than €4 million in funding from new international investors. Penta reported that this second closing of its financing round increases the total investment of its Series B to more than €23 million. The new investors… Read More

July 7, 2020 @ 10:12 am By Samantha Hurst  |  

India-based banking group ICICI Bank announced it has crossed a milestone of one million users on its WhatsApp banking platform. The bank reported it introduced banking services on WhatsApp three months ago to enable its retail customers to undertake a slew of banking requirements from… Read More

July 7, 2020 @ 10:03 am By JD Alois  |  

  HM Treasury has posted its weekly update on its COVID-19 business support schemes and as one would expect the numbers continue to push higher. HM Treasury reports that more than one million businesses have been approved to receive £45 billion in financing support. In… Read More

July 7, 2020 @ 9:54 am By Samantha Hurst  |  

Global blockchain payments provider BitPay recently announced it has updated its mobile app to support Segwit as well as have dark mode available and the ability to directly among Coinbase wallets. “At BitPay, we constantly strive to improve our products and deliver you the best… Read More

July 7, 2020 @ 9:30 am By Samantha Hurst  |  

Crypto Facilities, a subsidiary of Kraken and European cryptocurrency exchange, announced on Monday it has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). Crypto Facilities reported with this new license, it will be able to expand its product range… Read More

July 7, 2020 @ 8:04 am By Omar Faridi  |  

The Trump Administration has released additional information regarding the recipients of the COVID-19 linked Payroll Protection Program (PPP). Brooklyn, New York-based ConsenSys, a leading Ethereum (ETH) development studio, and several digital asset exchanges were listed as beneficiaries of the recent PPP Coronavirus financial relief scheme…. Read More

July 6, 2020 @ 3:06 pm By Samantha Hurst  |  

Iconoclastic crypto-preneur Brock Pierce announced on July 4th his candidacy for President of the United States, running as an Independent in the November 3, 2020 Presidential election.  Pierce took to Twitter to make the announcement. I, Brock Pierce, am running for President of the United States of… Read More