General News

March 2, 2020 @ 3:26 pm By JD Alois  |  

We have already seen multiple Fintech funding reports for 2019. Today, S&P Global Market Intelligence is distributing their spin on the numbers targeting the US only. According to this report, Fintech companies in the US raised $14.8 billion in 2019. Of the six Fintech segments… Read More

March 2, 2020 @ 12:23 pm By JD Alois  |  

This week the Paris Blockchain Week Summit was rescheduled due to the Coronavirus pandemic. Like many other event organizers, it is simply better to move dates than to hope for the best as the number of global cases grows. Originally, Paris Blockchain Week was scheduled… Read More

March 2, 2020 @ 10:47 am By Omar Faridi  |  

End-to-end integrated payments solution, Sphere, which is powered by TrustCommerce, recently revealed that it has teamed up with VisitPay, a financial engagement platform developer for healthcare customers. Both firms said they will be introducing a mobile payments platform, Text to Pay, which gives healthcare service… Read More

March 1, 2020 @ 10:34 pm By Omar Faridi  |  

Capital One Financial Corporation (COF), a major US-based bank holding company focused on offering credit cards, auto loans, banking, and savings accounts, is preparing to close down 37 of its physical branch locations across the country.  The company notes in a press release that the… Read More

March 1, 2020 @ 6:10 pm By Omar Faridi  |  

Macau Pass S.A., the developer of a contactless smartcard (previously called Transmac IC Card), first launched the Transmac over 20 years back (in 1999). The card may be used to conveniently pay for bus fares, everyday shopping, and dining with many more retailers expected to… Read More

February 29, 2020 @ 1:28 pm By Omar Faridi  |  

Germany-based Wirecard, a global internet technology firm and financial services provider, is teaming up with Union Bank in the Philippines in order to enhance the efficiency and the convenience of its banking services for corporate clients in the country. A memorandum of understanding (MoU) was… Read More

February 28, 2020 @ 7:50 pm By Omar Faridi  |  

equensWorldline SE, a subsidiary of Worldline, a company specializing in payments and transactional services, has teamed up with UniCredit, a Europe-based financial institution, in order to handle the processing of all SEPA payments, instant payments, multi-currency, and high-value transactions. As mentioned in a press release:… Read More

February 28, 2020 @ 4:29 pm By Omar Faridi  |  

Worldpay from FIS’s has published its 2020 Global Payment Report which notes that the United Kingdom’s digital commerce market is on track to be valued at £319.8 billion (appr. $412 billion) by 2023.  The substantial growth in e-commerce is being driven by rising online sales… Read More

February 28, 2020 @ 2:15 pm By Omar Faridi  |  

Bengaluru- based PhonePe, a company owned by the world’s largest retail company Walmart, has acquired INR 4.27 billion (appr. $60 million) in capital from its Singapore-headquartered parent firm – as confirmed by the Registrar of Companies filings and several media reports.  According to documents sourced… Read More

February 28, 2020 @ 9:23 am By Omar Faridi  |  

Amazon Web Services’ Quantum Ledger Database (QLDB) teamed up with Blockchain Technology Partners (BTP), in order to allow users to integrate smart contracts on its platform. BTP’s developers introduced general availability for its DAML incorporation, which may be  accessed via its Sextant for DAML platform…. Read More

February 28, 2020 @ 7:11 am By Omar Faridi  |  

Reserve banks, clearinghouses, global stock exchanges, payment processing service providers and law enforcement organizations based in Europe have teamed up in order to introduce a cybercrime information-sharing program. The goal of the project, called Cyber Information and Intelligence Sharing Initiative (CIISI-EU), is to protect the… Read More

February 27, 2020 @ 11:29 pm By Omar Faridi  |  

The Reserve Bank of New Zealand, or RBNZ, the nation’s central bank, has introduced real-time financial market infrastructures for its customers in the Asia-Pacific (APAC) region. The solutions have been developed by SIA, an Italian technology company. The solutions include a real-time gross settlement (RTGS)… Read More

February 27, 2020 @ 9:28 pm By Omar Faridi  |  

Singapore-based neobank Tonik Financial Pte. Ltd. has acquired $6 million in funding as it plans to officially introduce its services in the Philippines during the third quarter of this year. Tonik has received seed funding from Fintech venture developer Forum. The digital bank has also… Read More

February 27, 2020 @ 9:20 pm By Omar Faridi  |  

An increasing number of Indian consumers are making digital payments at metros and also at stores in small towns. India-based SBI Cards, a major payment solution provider, is reportedly planning to raise approximately $1.4 billion via an initial public offering (IPO) which would be the… Read More

February 26, 2020 @ 1:25 pm By Omar Faridi  |  

Tech infrastructure developer TriOptima, a company that helps reduce costs while also lowering risk in over-the-counter (OTC) derivatives markets, is expanding its triResolve margin collateral management service. The extension will reportedly support automated SWIFT payments.  The new automated settlement service will provide instant connectivity to… Read More

February 26, 2020 @ 10:45 am By JD Alois  |  

The UK government has provided an update on its project to digitize home deeds. According to the government, the 7000th deed has been registered digitally in February. Many of the UK’s largest mortgage lenders are now using the service. HM Land Registry safeguards land and… Read More

February 25, 2020 @ 8:20 am By JD Alois  |  

Yesterday, the G20 issued a joint communique outlining shared goals for the group of the larget 20 economies in the world. The actual event is being hosted by Saudi Arabia with meetings ongoing. The document, embedded below, recognized the value of “digitalization of the economy”… Read More

February 25, 2020 @ 7:08 am By Omar Faridi  |  

WeChat Pay is planning to expand its operations and services in the United Arab Emirates (UAE), after an agreement was finalized between Tencent Holdings and UAE-headquartered solutions developer Network International. Merchants that use Network International in the UAE will soon have the option to set… Read More

February 24, 2020 @ 9:07 pm By Omar Faridi  |  

Adrienne O’Keeffe, associate VP of partnerships at the National Basketball Association (NBA), and Sophie Gage, counsel at the National Football League (NFL) Player’s Association, recently took part in a panel discussion during which they talked about the potential value of blockchain or distributed ledger tech… Read More

February 24, 2020 @ 2:44 pm By Samantha Hurst  |  

Santander Group announced on Monday it has entered into an agreement to acquire merchant payment solutions company Elavon México. Santander reported that it will be acquiring Elavon México for a total of 1,600 million (approximately USD 86 million and EUR 79 million) and Elavon México… Read More