General News

July 6, 2020 @ 7:47 am By Omar Faridi  |  

The use of stolen and synthetic identities to carry out fraudulent activities increased significantly in 2019, and the COVID-19 crisis might be making the problem even worse, according to a recently published  Identity Fraud Report from Javelin Strategy & Research. Financial losses due to identity… Read More

July 4, 2020 @ 11:53 am By Omar Faridi  |  

Bruce Davis, the co-founder and joint MD at Abundance (previously Abundance Generation), a UK-based online investment platform which aims to offer “ethical” and “socially beneficial” investments that contribute to a green economy, is reportedly supporting the IMF’s argument that the UK government must focus on a… Read More

July 3, 2020 @ 8:12 am By Samantha Hurst  |  

Nextfin, a UK-based investment aggregation platform, announced on Thursday it has launched its “Free Our Startups” campaign to help entrepreneurs and startups that are impacted by the COVID-19 pandemic. Along with the “Free Our Starups” campaign, Nextfin also revealed it penned an open letter to… Read More

July 3, 2020 @ 7:45 am By Samantha Hurst  |  

  Digital bank Revolut announced earlier this week its standard, Premium and Metal customers may now have access Silver through the Revolut app. According to Revolut, Silver and Gold are now available through the Revolut app in the Commodities tab in the Wealth section of… Read More

July 2, 2020 @ 11:10 am By Omar Faridi  |  

Bison Trails, a blockchain “infrastructure-as-a-service” company, revealed on July 1, 2020 that it will be adding support for Eth2, a major upcoming system-wide upgrade for the Ethereum (ETH) blockchain. Ethereum Version 2.0 (or Eth2) will involve a gradual transition from its current Proof-of-Work (PoW) consensus… Read More

July 2, 2020 @ 8:54 am By Samantha Hurst  |  

Global retail chain 7-Eleven recently announced it is piloting its Fuel Loyalty program, which is designed to provide contactless payment options to reduce touch and drive instantaneous savings at the pump. According to 7-Eleven, the voice command pilot is taking place in 7-Eleven locations in… Read More

July 2, 2020 @ 8:34 am By Samantha Hurst  |  

PayPal (NASDAQ: PYPL) announced on Thursday it is expanding its “buy now, pay later” solutions to France, with a new installment product that will enable customers to split purchases into four equal payments over three months, nearly anywhere PayPal is offered. According to PayPal, the… Read More

July 2, 2020 @ 7:43 am By Samantha Hurst  |  

  Cross-border payment platform Currencycloud announced on Thursday it has formed a partnership Ripple, an enterprise blockchain solution for global payments. CurrencyCloud reported that RippleNet, Ripple’s global financial payments network, makes it easy for its network of financial institutions worldwide to enable faster, lower-cost payments… Read More

July 2, 2020 @ 7:41 am By Olivia Halsall  |  

On July 1st, Nausicaa Delfas, Executive Director of International and member of the Executive Committee at the FCA, delivered a speech for a series of webinars offered by City & Financial Professional Virtual Roundtables. The focus of the speech homed in on Brexit, Covid-19 and a suitable… Read More

July 2, 2020 @ 1:33 am By JD Alois  |  

A new report tracking investment crowdfunding campaigns in the UK says this sector of Fintech declined by 15% during Q2 2020. A decline should come as no surprise as the data would be coming from the period when COVID-19 was impacting all markets. The same… Read More

July 1, 2020 @ 2:36 pm By Samantha Hurst  |  

  Fintech unicorn SoFi announced on Wednesday the availability of its relaunched exchange-traded fund (ETF), the SoFi 50 ETF, which is now indexed to reflect the most popular equities among SoFi members. According to SoFi, The relaunched SoFi 50 ETF now tracks the performance, before… Read More

July 1, 2020 @ 1:51 pm By Samantha Hurst  |  

BBVA USA announced on Wednesday it has received approval to open 15 new branches across the state of Texas. According to BBVA USA, the branches are set to open in early 2021 and underscore the bank’s 5-year strategic plan launched in early 2020, which aims… Read More

July 1, 2020 @ 8:18 am By Olivia Halsall  |  

Richard Curtis, the co-founder of British Comic Relief, has launched a campaign named Make My Money Matter to facilitate the UK’s pension assets in becoming more sustainable. The campaign was launched at an event on June 30th and looks to build a movement of individuals,… Read More

July 1, 2020 @ 8:14 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday its AvidPay Network has experienced record high e-payment adoption rates as businesses look to pay bills remotely and reduce reliance on shipping and mailing services. According to… Read More

July 1, 2020 @ 8:05 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday it will be hosting a forum with Maine senator, Susan Collins, to discuss the Paycheck Protection Program (PPP), which includes the program’s successes and the lessons learned from the program.  The PPP was created through the Keeping… Read More

June 30, 2020 @ 4:01 pm By Samantha Hurst  |  

The Board of the Bank for International Settlements (BIS) announced on Tuesday plans to expand the BIS Innovation Hub with the establishment of new Hub centers across Europe and in North America in cooperation with member central banks. BIS revealed that within the next two… Read More

June 30, 2020 @ 11:21 am By Samantha Hurst  |  

Online banking and payments company i2c announced on Tuesday it is now assisting clients of Wirecard or any other insolvent bank. As previously reported, Wirecard filed for bankruptcy last week following the announcement the German fintech had misplaced €1.9 billion. The aftershocks of the announcement… Read More

June 30, 2020 @ 8:13 am By JD Alois  |  

The Greater London Investment Fund (GLIF) has become an accredited lender under the British Business Bank Coronavirus Business Interruption Loan Scheme (CBILS). This approval means that GLIF funds managed by The FSE Group will repurpose £4.3 million in funding to provide “Coronavirus Resilience Loans” (CRLs)…. Read More

June 30, 2020 @ 8:08 am By Samantha Hurst  |  

  Payments platform Stripe announced on Tuesday it is launching a series of products to help platforms and their business customers adapt as the economy reboots during the COVID-19 pandemic. Stripe reported that platforms it powers now have access to an enhanced toolkit, which will… Read More

June 30, 2020 @ 7:53 am By JD Alois  |  

The Chancellor of the Exchequer has adjusted the Future Fund to enable businesses that contribute significantly to the UK economy but do not have their parent company based in the UK because they participated in a non-UK based accelerator program to qualify for the Fund…. Read More