General News

June 2, 2020 @ 11:40 am By Samantha Hurst  |  

Accelerating program Plug and Play Japan announced on Tuesday it has selected 104 startups in six verticals (IoT, Fintech, Insurtech, Mobility, Brand & Retail, and Hardtech & Health ) together with 38 corporate partners for the Summer/Fall 2020 Batch acceleration program, which will be run… Read More

June 2, 2020 @ 9:45 am By JD Alois  |  

  The newly created InterWork Alliance (IWA) has formally launched operations as a non-profit dedicated to establishing a standards framework for the tokenization of assets. The IWA states that digital assets have the potential to “disrupt global economics,” but the disparity of approach and technology… Read More

June 2, 2020 @ 9:03 am By JD Alois  |  

The housing market is always a key metric for the economy. Robust demand can be indicative of thriving market. Of course, the COVID-19 crisis sucked the wind of the housing market around the world. In the UK, once the hottest property market in the world,… Read More

June 1, 2020 @ 11:29 pm By Omar Faridi  |  

The Digital Transformation Agency (DTA) has been focused on developing the Australian digital identity system, so that locals can access essential government services in a simple and secure manner. The new digital identity platform will allow individuals and Australian companies to verify their identities through… Read More

June 1, 2020 @ 3:06 pm By Samantha Hurst  |  

Mastercard recently announced that 78% of all transactions across Europe are now contactless. The financial giant revealed it is committed to enabling 42 countries to raise their spending limits in order to help people everywhere benefit contactless pay. “With 89% of people asked agreeing that… Read More

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