General News

June 1, 2020 @ 11:20 am By Samantha Hurst  |  

U.S. banking group Wallis Bank recently announced it has provided $347.5 million in Paycheck Protection Program (PPP) loans to more than 3,500 small businesses throughout the country that have been impacted by the COVID-19 pandemic. As previously reported, The PPP was established by Congress under… Read More

May 31, 2020 @ 10:30 pm By Samantha Hurst  |  

Backbase, an omni-channel banking solution provider, announced on Thursday it has formed a new partnership with cloud-banking platform Mambu to create an end-to-end integrated SaaS banking solution. According to Backbase, the combined offering provides financial institutions with a fully integrated end-to-end cloud-native digital banking solution… Read More

May 31, 2020 @ 2:29 pm By Xu Gao  |  

China’s Top Financial Authorities Roll Out 11 Financial Reform Measures On May 27th, the Office of the Financial Stability Development Committee of the State Council issued a press release that the Development and Reform Commission, the Ministry of Finance, People’s Bank of China, China Banking… Read More

May 29, 2020 @ 11:00 pm By Omar Faridi  |  

Bank Central Asia, or BCA, (PT Bank Central Asia Tbk), an Indonesian bank that overtook Singapore’s DBS Bank (in 2016) as Southeast Asia’s largest lender by value, with a market cap of about $24.5 billion, has reported a significant increase in its digital banking transactions… Read More

May 29, 2020 @ 9:06 pm By Omar Faridi  |  

Privacy-oriented Brave Browser, which rewards users in Basic Attention Tokens (BAT), is now supporting in-browser video calls. These calls are reportedly protected by end-to-end encryption, which may become a standard feature given that WhatsApp calls and communication also uses end-to-end encryption. The encrypted video service… Read More

May 29, 2020 @ 5:52 pm By JD Alois  |  

  The House Financial Services Committee has posted its list of hearings for the month of June. The Committee like other Congressional committees has migrated to a virtual meeting due to the ongoing Coronavirus pandemic. One of the meetings is for the Fintech Task Force…. Read More

May 29, 2020 @ 1:06 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has been in the Fintech news quite a bit as of late. Recently, Goldman upset Bitcoin lovers because the global investment bank claimed the world’s most popular crypto was “not an appropriate asset class” along with all other cryptocurrencies. At one point… Read More

May 29, 2020 @ 12:11 pm By Samantha Hurst  |  

Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the funding round are Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance Group, Ltd. As previously reported, Pie describes… Read More

May 29, 2020 @ 12:03 pm By Samantha Hurst  |  

Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to bring on-demand insurance to Brazil.  Trov stated it has been working with Seguros Sura Brazil for the past several months… Read More

May 29, 2020 @ 11:34 am By JD Alois  |  

The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers have paused payments in droves. Many individuals have lost their jobs. Businesses have shuttered, some permanently. While many governments have moved swiftly… Read More

May 28, 2020 @ 10:43 am By Omar Faridi  |  

Research analysts at Goldman Sachs (NYSE: GS), a New York-based multinational investment bank and financial services company with around $1 trillion in assets, is still not convinced that Bitcoin (BTC) and other decentralized cryptocurrencies would be a worthwhile investment for its clients. The Wall Street… Read More

May 28, 2020 @ 9:19 am By Samantha Hurst  |  

Global payment solution provider Checkout.com announced on Thursday it has acquired Australian startup, Pin Payments. Checkout.com reported that the acquisition represents the next chapter of the company’s momentum across the Asia-Pacific (APAC) region as it continues to support both international and domestic merchants to grow… Read More

May 28, 2020 @ 8:42 am By Samantha Hurst  |  

Payments platform Stripe announced on Wednesday it is expanding its support for JCB payments. According to Stripe, JCB is a credit card network with more than 135 million cardholders worldwide and a share-of-wallet in Japan. Stripe also revealed that businesses using Stripe in Japan may… Read More

May 27, 2020 @ 10:42 pm By Samantha Hurst  |  

Payments platform Stripe announced on Wednesday it has expanded its services to five more European countries. Stripe reported it will be generally available in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.  While sharing more details about the launch, the Stripe team stated: “[We have]… Read More

May 27, 2020 @ 10:29 pm By Samantha Hurst  |  

Siebert, a national broker-dealer and provider of financial services, announced on Wednesday it has appointed InvestCloud to design and implement its complete digital transformation. Siebert reported that through the partnership it will implement InvestCloud’s full suite of applications, ranging from intuitive client-facing portals and mobile… Read More

May 27, 2020 @ 3:07 pm By Brian Farber  |  

How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity — but there is hope… We’re nearly 18 months into the digital security (security token) market and it’s fair to say that meaningful liquidity hasn’t yet materialized…. Read More

May 27, 2020 @ 1:16 pm By Samantha Hurst  |  

Samsung Electronics America, Inc. announced on Wednesday it has teamed up with SoFi to launch Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay. According to… Read More

May 27, 2020 @ 11:04 am By JD Alois  |  

The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The new lenders include; The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance. The Bank said these lenders will be able… Read More

May 27, 2020 @ 8:46 am By JD Alois  |  

D-ID, an Israeli tech startup, has raised over $13.5 million in a Series A funding round that reportedly closed last month. The funding was led by AXA Venture Partners with the participation of Y-Combinator, AI Alliance, Hyundai Motor Company, Pitango Venture Capital, OMRON Ventures, Maverick… Read More

May 27, 2020 @ 8:20 am By Samantha Hurst  |  

Genesis, a digital currency trading and lending platform, recently announced it has acquired Vo1t, an insured digital institutional custody service. Genesis reported that the acquisition will supplement its current services, which include global over-the-counter trading and institutional lending. The acquisition will also enable Genesis to… Read More