General News

April 21, 2020 @ 10:38 am By Samantha Hurst  |  

Switzerland based Fintech Incubator & Accelerator F10 announced on Tuesday 12 startups that have been selected for the first Batch of the Scaleup Program. According to the accelerator, more than 80 teams with market traction and revenue generation from various countries had applied to become… Read More

April 21, 2020 @ 10:12 am By JD Alois  |  

On April 19th, Mindao Yang, founder of dForce, confessed that $25 million crypto had been stolen from his platform. In a blog post, Yang said Lendf.Me, the lending protocol of dForce, was attacked and a vulnerability was exploited to steal the digital assets. Today, it… Read More

April 21, 2020 @ 9:14 am By Samantha Hurst  |  

Ireland-based fintech Fenergo announced on Tuesday it has joined forces with IBM (NYSE: IBM)  to fight financial crime. The duo signed an original equipment manufacturing (OEM) agreement that will allow the companies to collaborate on solutions that can help clients address the multitude of financial risks they… Read More

April 21, 2020 @ 7:52 am By Samantha Hurst  |  

Barclays announced on Monday it has opened up the Coronavirus Large Business Interruption Loan Scheme (CBILS) to help large corporate banking clients that are impacted by the COVID-19 pandemic. Barclays reported that through the program, which is backed by a UK Government guarantee, it will… Read More

April 21, 2020 @ 12:32 am By Omar Faridi  |  

Economic activity in Indonesia has slowed down significantly following the deadly Coronavirus (COVID-19) outbreak. According to local reports, some businesses in the trillion-dollar economy have shut down completely. Peer to peer (P2P) lending platforms are also experiencing major challenges, which include having to deal with… Read More

April 20, 2020 @ 3:46 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Monday it is set to give back 15% of monthly insurance premiums to its auto policyholders in response to the COVID-19 pandemic. According to Branch, the compassionate initiative recognizes clients’ reduced driving due to shelter in place orders… Read More

April 20, 2020 @ 2:39 pm By Samantha Hurst  |  

Cryptocurrency platform Coinbase has reportedly appointment former Head of Digital at Barclays, Brett Tejpaul as its new Head of Institutional Coverage. According to Coinbase, Tejpaul spent 17 years in global leadership roles in both the UK and U.S., including Global Head of Sales (across all… Read More

April 20, 2020 @ 12:39 pm By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Monday it is set to acquire Korta, an Iceland-based payment card service provider. Rapyd reported the acquisition provides Rapyd with online acquiring and point-of-sale (POS) capabilities as the company grows its worldwide footprint.  While… Read More

April 20, 2020 @ 11:45 am By JD Alois  |  

An MIT professor believes that a new digital identity certifying an individual’s health status could be key to re-opening the economy that has been crushed by the COVID-19 pandemic. MIT Professor Alex “Sandy” Pentland says digital tools can certify a person’s health to create safe… Read More

April 20, 2020 @ 10:27 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched a new lending facility to make certain SMEs have access to capital to mitigate the impact of the COVID-19 pandemic. The MAS SGD Facility for ESG Loans is in partnership with Enterprise Singapore (ESG). The goal is… Read More

April 20, 2020 @ 7:50 am By Samantha Hurst  |  

  Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has joined forces with Visa to be the preferred payment processor for Visa as a way to boost the Visa Fintech Fast Track Program in the Middle East region. According to… Read More

April 19, 2020 @ 10:06 pm By Samantha Hurst  |  

Cryptocurrency platform Coinbase announced on Friday its Coinbase Custody is launching support for Compound Governance, the related COMP token, and cTokens (cETH, cZRX, cUSDC, cBAT, cDAI). Coinbase reported that Coinbase Custody is currently the only custody provider and the only in-app voting experience for Compound…. Read More

April 19, 2020 @ 9:57 pm By Omar Faridi  |  

The developers of Baseline, an enterprise-grade smart contract and tokenization platform created by Microsoft, Ernst & Young (EY), and Ethereum development studio ConsenSys, aim to solve a number of flaws reportedly found in Apple and Google’s proposal for Coronavirus (COVID-19) tracking projects. Google and Apple… Read More

April 19, 2020 @ 9:55 pm By Samantha Hurst  |  

Thyngs, a UK-based mobile technology platform, announced on Friday it has joined announced on Friday it was teamed up with card-linking API provider Fidel to allow charities to earn more funding through Gift Aid donations. According to Thyngs, the new partnership is aiming to make… Read More

April 19, 2020 @ 7:00 pm By JD Alois  |  

The European Crowdfunding Network (ECN), the group that represents online capital formation platforms across Europe as well as the UK, has recently completed a survey of member platforms and several non-member platforms seeking to gain insight as to the impact of the COVID-19 pandemic. The… Read More

April 18, 2020 @ 4:48 pm By Marcie Terman  |  

The heady days of a booming token sales market driven by FOMO are long gone. Firms looking to raise money on the blockchain in 2020 are faced with a far more cautious investor base, and with good reason. A high percentage of early tokens failed—… Read More

April 18, 2020 @ 4:10 pm By JD Alois  |  

Many Fintechs are actively engaged in supporter consumers and businesses in the battle to survive in an economy battered by the COVID-19 pandemic. Simultaneously, some funding has dried up putting some startups at risk. This may include Fintechs. Yet one report expects that Fintechs may… Read More

April 18, 2020 @ 2:29 pm By Omar Faridi  |  

The International Chamber of Commerce (ICC), which is considered the world’s largest and “most representative” business organization, has requested governments and reserve banks across the globe to nullify any rules or laws that prevent the use of paperless trading. The ICC said that authorities must… Read More

April 17, 2020 @ 3:49 pm By Omar Faridi  |  

AxiomSL, an established provider of regulatory reporting and risk management software, has introduced a regime agnostic offering for SFTR (Securities Financing Transactions Regulation). As noted in a release, SFTR provides counterparties with a reliable process for adhering to international reporting obligations. Customers were required to… Read More

April 17, 2020 @ 2:53 pm By JD Alois  |  

As has been widely reported, the Paycheck Protection Program – part of the CARES Act that provided SMEs with 2 months of payroll loans that may be forgiven – has run out of money. The widely lauded plan has struggled to distribute the funds as… Read More