General News

April 11, 2020 @ 10:55 am By Omar Faridi  |  

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More

April 10, 2020 @ 9:02 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it has expanded its partnership with property data platform Cape Analytics to improve its online insurance experience with predictive property insights. Through the partnership, Cape Analytics is reportedly providing Kin with the most comprehensive, timely, and… Read More

April 10, 2020 @ 7:01 pm By JD Alois  |  

The British Business Bank has announced new lenders participating in the Coronavirus Business Interruption Loan Scheme (CBILS) including several digital banks. Established in 2014, the British Business Bank is the UK government’s economic development bank. The Bank’s mission is to make finance markets for smaller… Read More

April 10, 2020 @ 4:40 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Friday its Biz2X platform is now being offered free of charge to banks and credit unions with assets under $10 billion that are offering CARES Act Paycheck Protection Program (PPP) loans. As previously reported, the Biz2X platform enables… Read More

April 10, 2020 @ 12:04 pm By JD Alois  |  

It will take some time to fully understand the economic impact of the COVID-19 pandemic but clearly the economic fallout will be profound. Markets have tanked, default risks are rising and unemployment is moving up rapidly in a historic fashion. Simultaneously governments everywhere are moving… Read More

April 10, 2020 @ 12:03 pm By Samantha Hurst  |  

Lukka, a blockchain software and data services company, announced on Friday it has been selected by RSM, a provider of audit, tax and accounting services focused on the middle market, to provide crypto tax software solutions to the firm’s tax clients. Through the partnership, Lukka… Read More

April 10, 2020 @ 10:29 am By Samantha Hurst  |  

UK-based next-generation banking platform Cashaa has reportedly developed a fiat gateway specifically for BEP2 tokens on Binance Chain. According to Cointelegraph, the new integration allows users to sell and buy tokens directly for fiat currencies. The media outlet reported Cashaa will now support the U.S…. Read More

April 9, 2020 @ 4:45 pm By Samantha Hurst  |  

Digital-only bank platform N26 announced earlier this week its customers may now use their new cards to make payments without waiting for the physical one to arrive in the mail. This news comes just a little over a month after N26 announced its products, N26… Read More

April 9, 2020 @ 4:00 pm By JD Alois  |  

Yesterday (April 8, 2020), the US Department of Homeland Security issued an alert – warning consumers about COVID-19 related scams. The joint statement actually included the Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) due to the depth of the… Read More

April 9, 2020 @ 2:50 pm By Samantha Hurst  |  

UK-based challenger bank Monzo is reportedly set to shut down its customer support office in Las Vegas. As previously reported, the company announced the launch of the office in the summer of 2018. The customer support team was created to help Monzo scale its customer service… Read More

April 9, 2020 @ 12:30 pm By JD Alois  |  

Chatter continues to disseminate as to how venture capital is pulling back or funding is simply vaporizing. At best, some deals are being reconfigured as pre-pandemic pricing is being called into question. The COVID-19 crisis is hitting early-stage firms hard. Private companies that may be… Read More

April 9, 2020 @ 9:00 am By JD Alois  |  

Molinari Media has acquired UK based Fintech Worldwide, according to a company release. Molinari Media is a new company created by Vince Molinari – a well-known individual in the Fintech and crowdfunding world. Molinari was recently involved with Templum – an ATS platform that was… Read More

April 9, 2020 @ 8:40 am By JD Alois  |  

Today, the US Federal Reserve took unprecedented actions to provide up to $2.3 trillion in loans to support the economy. The Fed said the funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical… Read More

April 8, 2020 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Tuesday it completed two sales of non-performing loans, with the combined proceeds of £4.65m added into the Provision Fund. According to RateSetter, the debt sale process started in December 2019 and the lender was not needing to reduce its… Read More

April 8, 2020 @ 1:28 pm By Samantha Hurst  |  

Alipay, a digital lifestyle platform operated by Ant Financial Services Group, announced on Wednesday it has launched a series of initiatives to support small businesses in Wuhan as the city lifts the COVID-19 pandemic lockdown. The platform reported it has set up a special section,… Read More

April 8, 2020 @ 9:24 am By Samantha Hurst  |  

Austria-based digital asset exchange Bitpanda announced on Wednesday its expansion plans as part of its first institutional investment, led by early-stage venture capital fund Speedinvest. The company reported that the undisclosed funding round amount will allow it to increase the number of available digital and… Read More

April 8, 2020 @ 9:07 am By JD Alois  |  

Last weekend, a campaign to aid early-stage UK firms, entitled Save Our Startups, was launched by a group of very high profile platforms, founders, investors, and advocacy groups. An Open Letter addressed to the PM was included and as of today over 4500 individuals have… Read More

April 7, 2020 @ 10:30 pm By Omar Faridi  |  

Big Four auditing firm Pricewaterhousecoopers (PwC) reports that the majority of global digital asset fundraising and mergers and acquisitions (M&A) deals last year took place outside of the United States for the very first time. As noted in PwC’s report (released on April 6, 2020),… Read More

April 7, 2020 @ 5:06 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has partnered with a technology-enabled bank and authorized lender of the Small Business Administration (SBA) to deliver billions of dollars of Paycheck Protection Program (PPP) loans to American small businesses. Kabbage claims its program has received more… Read More

April 7, 2020 @ 3:57 pm By JD Alois  |  

“We’ve seen a significant contraction in the market with a reduction of 30 to 40% in the demand for personal loans. It’s our view that the fall in demand is being driven by faltering consumer confidence due to job insecurity and economic uncertainty amongst other… Read More