General News

May 26, 2020 @ 5:08 pm By Samantha Hurst  |  

Simplifi-HQ, an online accounting service provider based in New Zealand, has teamed up with open banking provider Salt Edge to speed-up and digitize its software package by accessing financial data of their clients directly from the bank. Salt Edge claims that the partnership allows Simplifi… Read More

May 26, 2020 @ 3:36 pm By Samantha Hurst  |  

FNZ, a global platform-as-a-service provider, recently announced it has signed a deal with FinSwitch to provide a new blockchain-enabled administration utility for the South African fund management industry. According to FNZ, the partnership will enable trading, pricing, reconciliations, account opening, transfers, sharing of instrument data,… Read More

May 26, 2020 @ 3:15 pm By JD Alois  |  

Rangewell, a business finance firm that assists SMEs in accessing capital, has launched a dashboards tracking the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loans – two UK government programs providing support to smaller firms that have struggled in the wake of… Read More

May 25, 2020 @ 8:04 am By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs will be hosting a conference call on May 27, 2020, which has been titled “US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin.” Interestingly, the conference has been scheduled after the bank published a… Read More

May 23, 2020 @ 3:22 pm By Omar Faridi  |  

UK-based, By Miles, a pay-by-mile automobile insurance service provider, has secured £15 million in funding through a Series B investment round led by CommerzVentures. Existing investors Octopus Ventures, Insurtech Gateway and JamJar investments also took part in By Miles’ latest round. Established in October 2014… Read More

May 22, 2020 @ 11:26 am By Samantha Hurst  |  

Jingle Pay, an India-based neobanking startup, announced on Thursday it is launching its fintech services into the United Arab Emirates (UAE). Launched in 2019, Jingle Pay offers social payment solutions for individuals and businesses on mobile as well as desktop platforms. “Jingle Pay has digitized… Read More

May 22, 2020 @ 10:59 am By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced the launch of its instant ID verification feature. According to LendingUSA, the feature will improve identity security for borrowers, and streamlining the entire loan application & funding process… Read More

May 22, 2020 @ 7:57 am By Omar Faridi  |  

Singapore-headquartered CapBridge Financial has acquired equity investments from SGInnovate, a private organization wholly-owned by the Singapore government. SGInnovate aims to help scientists establish “Deep Tech” startups. CapBridge has also received investments from the Cyberport Macro Fund, which offers seed to Series A stage funding to… Read More

May 21, 2020 @ 3:28 pm By Samantha Hurst  |  

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has formed a new partnership with Movies for Mommies (MFM), a national organization of 30,000 new parents. According to WealthyPlanet, the partnership will enable the company to engage MFM members in a user Beta… Read More

May 21, 2020 @ 1:01 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, recently announced its sustainable deposit product has surpassed the $2 billion mark. The milestone also includes a significant deposit from the French integrated electricity company, EDF. Standard Chartered claims that… Read More

May 21, 2020 @ 11:52 am By JD Alois  |  

Comptroller of the Currency Joseph M. Otting will step down from the office on May 29, 2020, according to a release posted by the Office of the Comptroller of the Currency (OCC).  Current OCC First Deputy and Chief Operating Officer Brian P. Brooks will take… Read More

May 21, 2020 @ 10:33 am By JD Alois  |  

The Alternative Financial Services Association of Latvia has published Latvia’s Crowdfunding Industry Guidelines. The association seeks to provide industry rules to foster a transparent and sustainable sector of finance. Twino, a well-established peer to peer investment platform, is the first crowdfunding operator to adhere to the… Read More

May 21, 2020 @ 10:23 am By Samantha Hurst  |  

DailyPay, a U.S.-based SaaS fintech, announced on Wednesday it has joined forces with the Bipartisan Policy Center’s “Funding our Future” alliance of organizations dedicated to making a secure retirement possible for all Americans. According to DailyPay, Funding Our Future campaign is a bipartisan and cross-sector… Read More

May 21, 2020 @ 9:21 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it is expanding its partnership with life insurance platform Ladder to include estate planning. SoFi reported that through the partnership expansion, its members may now have the ability to draft their will for free and can also access legal services… Read More

May 20, 2020 @ 4:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that its annual Government-Business Forum on Small Business Capital Formation will be virtual this year. During SEC Chairman Jay Clayton’s tenure, the Forum has moved outside the beltway. Before Clayton, the Forum was held at SEC HQ… Read More

May 20, 2020 @ 3:02 pm By Samantha Hurst  |  

Coalition, the leading cyber insurance and security company, announced on Wednesday it has raised $90 million through its Series C funding round, which was led by Valor Equity Partners with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors. Founded in 2017, Coalition states… Read More

May 20, 2020 @ 2:10 pm By Samantha Hurst  |  

Uphold, a U.S.-based digital finance platform, announced on Wednesday it has formed a partnership with Web Monetization provider Coil for Interledger connectivity. Uphold reported that Coil creators around the world may now select Uphold as their wallet provider and have payments sent directly to their… Read More

May 20, 2020 @ 1:58 pm By Samantha Hurst  |  

BBVA announced on Wednesday it has teamed up with fintech FinIQ to launch of BBVA epricer, a website for its equities and credit-linked structured products. According to BBVA, BBVA epricer is designed to help professionals structure and obtain prices for equity and credit-linked investment products… Read More

May 20, 2020 @ 10:00 am By Samantha Hurst  |  

LendInvest, a UK-based marketplace for property financing, announced on Wednesday it has made some updates to its Buy to Let (BTL) products as valuations are permitted to go ahead. As previously reported, the BTL Plus product is designed for landlords who are currently on a… Read More

May 19, 2020 @ 10:27 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Tuesday it is diversifying its funding options by allowing customers in Russia to fund their accounts by allowing top-ups using domestic bank cards. According to Wirex, users may now link their bank-issued credit or debit card to… Read More