General News

March 30, 2020 @ 11:12 am By Samantha Hurst  |  

U.S. fintech Plaid recently announced it is now offering support to financial institutions in the Netherlands as well as opening a new office in Amsterdam. The company reported that the Netherlands is a hub for fintechs in Europe and is home to more than 400… Read More

March 30, 2020 @ 7:52 am By Omar Faridi  |  

The Michigan Consumer Sentiment Index (MSCI), a monthly telephonic survey that aims to capture and assess the sentiment of US-based consumers, recorded the fourth-biggest monthly decline in almost five decades driven by the Coronavirus (COVID-19) pandemic. The MSCI is used by investors as a way… Read More

March 29, 2020 @ 7:42 pm By JD Alois  |  

LendIt Fintech USA has rescheduled one of the most anticipated financial services industry events to September 30 – October 1, 2020. LendIt was originally scheduled for a Spring date in New York City. Due to the COVID-19 pandemic, LendIt recently announced the event had to… Read More

March 29, 2020 @ 2:55 pm By Omar Faridi  |  

Trillions of dollars have been injected into the world’s financial markets in order to stabilize the global economy, following the deadly coronavirus (COVID-19) outbreak. The United States recently reached the highest unemployment rate in its entire history. Even during these times of uncertainty, US crypto… Read More

March 28, 2020 @ 1:30 pm By Omar Faridi  |  

Global money transfer service provider, Western Union (NYSE: WU), has launched a new feature called, “Digital Location,” which allows users to send and receive funds from their own homes. Western Union revealed that it’s testing out the combined telephone and video service, which allows users… Read More

March 27, 2020 @ 6:06 pm By Omar Faridi  |  

National Bank of Oman (NBO), one of the largest financial institutions in the country and its first local bank, aims to raise awareness regarding the importance of practicing safe banking during the coronavirus (COVID-19) outbreak. The NBO has taken several measures to ensure its clients… Read More

March 27, 2020 @ 3:26 pm By Samantha Hurst  |  

GrainChain, a U.S.-based agricultural transaction platform with blockchain and IoT-powered solutions, recently announced it plans to globally expand and scale its operations by moving to the enterprise blockchain platform, Assembly, which is operated by Symbiont, an enterprise fintech creating the next generation of financial markets… Read More

March 27, 2020 @ 2:14 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) announced that it is providing temporary regulatory relief to market participants in response to the effects of COVID-19. The actions involve filings on the EDGAR system as well as certain company filing obligations under Regulation A (Reg A+)… Read More

March 27, 2020 @ 1:34 pm By Omar Faridi  |  

UK-headquartered Capitalise.com is offering Coronavirus Business Interruption Loan Scheme (CBILS) applications, which will allow small business owners to obtain government-backed loans (if approved). Capitalise.com noted that it aims to assist businesses by giving them access to funding which  they may require to “confidently navigate this… Read More

March 27, 2020 @ 12:46 pm By Samantha Hurst  |  

Silicon Valley accelerator, Plug and Play, announced on Thursday the 167 startups chosen for their Summer 2020 Batches. Plug and Play reported the startups were selected by its corporate partner network and will enter one of the accelerator’s programs for the next three months, which… Read More

March 26, 2020 @ 10:26 pm By Omar Faridi  |  

The coronavirus (COVID-19) pandemic has forced large numbers of professionals to work from home. Europe’s regulatory authorities have decided to temporarily relax MiFID II rules, which may apply when recording telephone conversations. MiFID II (Markets in Financial Instruments Directive) is a legislative framework introduced by… Read More

March 26, 2020 @ 2:57 pm By Samantha Hurst  |  

The CDC Foundation recently announced cleaning product giant Lysol has donated $2 million to the CDC Foundation’s new Coronavirus campaign, “All of Us: Combat Coronavirus.” According to the CDC Foundation, the campaign is raising support to bolster public health response efforts to address the COVID-19 pandemic…. Read More

March 26, 2020 @ 2:50 pm By Samantha Hurst  |  

Leading Reg CF crowdfunding platform Wefunder announced earlier this week a new loan product to help small businesses struggling with the economic impact of coronavirus. According to WeFunder, the Coronavirus Crisis Loan, is available now to any small business, enables businesses to crowdfund a loan… Read More

March 26, 2020 @ 8:21 am By Omar Faridi  |  

Most small and medium-sized enterprises (SMEs) continue to prefer and work with traditional financial service providers, even though there are now many new digital-first businesses. This, according to Revolut Business, which has published a report, titled “2020 Vision: Taking a closer look at antiquated banking… Read More

March 26, 2020 @ 8:15 am By JD Alois  |  

Digital bank Revolut has partnered with the Trussell Trust food bank in the UK to enable Revolut users to donate in-App to individuals in need. Revolut made the decision to implement a direct donation feature in light of the ongoing COVID-19 pandemic. The company says… Read More

March 25, 2020 @ 8:45 pm By Omar Faridi  |  

SOLV, an online marketplace that matches lenders and micro-, small and medium-sized MSME borrowers, has expressed concerns regarding the coronavirus (COVID-19) outbreak, which has resulted in economic uncertainty and instability. SOLV, which is a B2B platform backed by the Standard Chartered Bank, expects SMEs to… Read More

March 25, 2020 @ 2:59 pm By Samantha Hurst  |  

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Wednesday it is now offering its services for free to any employer that wants to offer financial wellness resources for their employees during the COVID-19 outbreak. … Read More

March 25, 2020 @ 10:26 am By Samantha Hurst  |  

Ant Financial Services Group, the owner and operator of Alipay, announced on Wednesday it launched the Software-as-a-Service (SaaS) version of its technology product OceanBase, a financial-grade distributed relational database that has been a key computing infrastructure for Alipay.  Ant Financial describes OceanBase as a highly… Read More

March 25, 2020 @ 10:17 am By Samantha Hurst  |  

American Express (NYSE: AXP) announced on Wednesday it is continuing its support of organizations combatting COVID-19 with the launch of a donation matching program to help feed local communities impacted in the U.S. The credit card giant reported that the program is part of its… Read More

March 25, 2020 @ 7:35 am By Omar Faridi  |  

Canada-based NorthOne, an established digital bank for small businesses, has decided to waive all account fees for thousands of its customers that have been affected by the coronavirus (COVID-19) outbreak. NorthOne’s management confirmed that it will be offering free banking services to all businesses in… Read More