General News

May 19, 2020 @ 9:59 am By JD Alois  |  

HM Treasury has provided an update on the progress of the various COVID-19 support programs that have been put in place in the last two months. According to the UK government:   8 million jobs have now been furloughed with £11.1 billion claimed so far… Read More

May 18, 2020 @ 9:19 am By Samantha Hurst  |  

Digital asset custody platform Koine announced on Monday it has received in-principle approval (IPA) to provide custody in relation to Virtual Assets in the Abu Dhabi Global Market (ADGM). According to Koine, the IPA was granted by the Financial Services Regulatory Authority (FSRA) of ADGM…. Read More

May 16, 2020 @ 4:11 pm By Timothy Li  |  

Hello everyone, my last series on the Latin American Fintech revolution was inspired by LendIt Latam conference hosted in Miami back at the beginning of 2020. The Fintech world was abuzz with new ideas, innovation, and of course new territories to explore. Fast forward four… Read More

May 15, 2020 @ 2:42 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday its MCO Visa card is now shipping to a total of 31 countries in Europe. The platform claims it is the only crypto card provider offering cards in Asia, the full EU, and the U.S. Crypto.com reported… Read More

May 15, 2020 @ 9:56 am By Samantha Hurst  |  

Ontology (ONT), a “high-performance” public blockchain network that aims to provide a “distributed trust” platform, announced on Friday it has joined forces with German decentralized digital identity specialist Spherity to advance digital identity solutions. The platform reported that the partnership will see the integration of… Read More

May 15, 2020 @ 9:24 am By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Friday it has joined forces with Nordic banking group Nordea to enable multiple banking for mobile app customers According to Tink, the integration will deliver a personalized financial overview for the… Read More

May 14, 2020 @ 10:50 am By Samantha Hurst  |  

Digital asset custody provider BitGo announced on Thursday it has been named as the custodian of India-based crypto exchange, CoinDCX. BitGo reported that as the custodian of CoinDCX, it will provide the secure storage and custodianship of cryptocurrencies held on CoinDCX, fully insured and protected by… Read More

May 14, 2020 @ 9:16 am By Samantha Hurst  |  

Digital bank Penta announced on Wednesday its services are now available to Freelancers. The company reported it now supports all types of businesses and legal forms. As previously reported, Penta describes itself as a digital platform for business banking that is aimed towards SMEs and… Read More

May 14, 2020 @ 9:04 am By Samantha Hurst  |  

Cryptocurrency payments processor CoinPayments announced on Wednesday it has appointed Jason Butcher as its new CEO. CoinPayment reported that Butcher has been its Chief Operating Officer since 2017, and previously as an advisor starting in 2015, helped boost CoinPayments’ monthly transactions to more than $100… Read More

May 13, 2020 @ 4:02 pm By Samantha Hurst  |  

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Wednesday it is launching its card acceptance product ahead of its original third quarter 2020 debut. The company reported the acceleration of the product’s launch is due to the COVID-19 pandemic, which was infamously… Read More

May 13, 2020 @ 1:35 pm By Samantha Hurst  |  

Modulr, a Payments as a Service API Platform for digital businesses, announced on Wednesday it secured £18.9 million in growth funding to further develop its platform and expand into new products and markets. The funding round was led by European growth capital firm Highland Europe… Read More

May 13, 2020 @ 12:25 pm By Samantha Hurst  |  

Vennfi, a U.S.-based fintech focused on tax-exempt payments and the creator of Charityvest, announced on Wednesday it secured $1.1 million through its pre-seed funding round. Founded in 2016, Charityvest focuses on enhancing the giving experience for donors by creating “Charity Funds,” which is a fund… Read More

May 13, 2020 @ 11:18 am By Samantha Hurst  |  

iCapital Network, a fintech providing access to alternative investments, announced on Wednesday it is acquiring Artivest, a tech company that focuses on accessing and investing in alternatives. iCapital reported through the acquisition, it will purchase the majority of Artivest’s assets, including all technology and its… Read More

May 13, 2020 @ 11:16 am By Omar Faridi  |  

The UK’s Nationwide Building Society has prepared its virtual assistant Arti to answer common COVID-19 mortgage holiday questions from the country’s residents. Nationwide’s team of mortgage, technology, and artificial intelligence (AI) professionals have been working on an initiative that involves developing, testing, and launching a… Read More

May 13, 2020 @ 10:45 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), Singapore Fintech Association (SFA), AMTD Group (NYSE: HKIB; SGX: HKB) and AMTD Foundation have joined in announcing a S$ 6 million “MAS-SFA-AMTD Fintech Solidarity Grant.” The new grant is designed to support Singapore based Fintech firms during the Coronavirus… Read More

May 12, 2020 @ 11:39 pm By Omar Faridi  |  

Sindhuja Microcredit, a digital and rural-focused micro finance service provider that aims to help women entrepreneurs, is planning to secure $8.7 million in capital through a Series B investment round. The investment will be reportedly be made by Norway’s Nordic Microfinance Initiative (NMI) and Carpediem… Read More

May 12, 2020 @ 10:34 pm By Omar Faridi  |  

Standard Chartered Bank has introduced a wide range of self-service requests for customers based in India. The new services will be available via the Standard Chartered Mobile app and through the institution’s online banking portal. Standard Chartered bank’s customers in India will now be able… Read More

May 12, 2020 @ 11:48 am By JD Alois  |  

HM Treasury provided an update today on the progress of the various programs designed to backstop the UK economy. These programs include the Bounce Back Loan Scheme (BBLS) targeted at sole traders and small firms, the Coronavirus Business Interruption Loan Scheme (CBILS) for small and… Read More

May 12, 2020 @ 8:34 am By Samantha Hurst  |  

Former Westpac executives, Andrew Walker and Chris Lumby, has reportedly raised $33 million for their new home loan fintech startup, Verteva. Verteva is described as an ambitious financial technology start-up building a transformative digital alternative for customers in the home lending space. The Australia-based startup… Read More

May 12, 2020 @ 8:10 am By JD Alois  |  

According to a report in WSJ.com, JPMorgan is now offering banking services to two well known digital asset exchanges – Coinbase and Gemini. Typically, digital asset exchanges have been shunned by big banks as compliance officers have viewed the risk as too large fearing the… Read More