General News

July 24, 2018 @ 3:01 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it is launching its instant identity verification services in The Philippines through its GlobalGateway platform. This news comes less than a month after the company expanded its AML/KYC identity verification global footprint into Thailand. According to Trulioo, GlobalGateway… Read More

July 24, 2018 @ 2:19 pm By Samantha Hurst  |  

Money Dashboard, a UK-based online personal financial management service, announced on Tuesday it has added Starling Bank to its list of supported providers. According to Money Dashboard, Starling Bank is the first of many open banking powered connections that Money Dashboard will be adding in… Read More

July 24, 2018 @ 12:02 pm By Samantha Hurst  |  

On Monday, insurtech startup Ethos announced it has formed partnerships with mutual insurance organization Assurity Life and reinsurer Munich Re. According to Ethos, the new partnerships follow Ethos’ recent launch out of stealth mode and the closing of its $11.5 million funding round, which was… Read More

July 24, 2018 @ 7:38 am By Erin Hobey  |  

In the last few months, MobiKwik’s CPO Rohan Khara, CBO Vineet Singh and CMO Daman Soni, resigned from the platform. This week, CRO Puneet Agarwal also called it quits. “MobiKwik is evolving to become India’s largest digital financial services platform. We are in the process of rejigging… Read More

July 24, 2018 @ 6:44 am By Erin Hobey  |  

With the hopes of becoming an institutional-grade token sale platform and digital asset exchange, Gibraltar Blockchain Exchange (GBX) officially announced its full-scale launch today. The GBX, now open to members of the public, will eventually feature fiat onboarding for customers and a number of trading pairs…. Read More

July 23, 2018 @ 5:03 pm By JD Alois  |  

In a letter forwarded to Securities and Exchange Commission (SEC) Chairman Jay Clayton, a group of Fintech leaders demanded the Commission to increase Regulation Crowdfunding (Reg CF) from the current $1.07 million max amount to $20 million – a substantial increase to current rules. The… Read More

July 23, 2018 @ 3:04 pm By Samantha Hurst  |  

Bank of America Merrill Lynch announced on Monday it has launched a mobile application for cardholders of prepaid cards. According to Merrill Lynch, the new app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital… Read More

July 23, 2018 @ 2:14 pm By Samantha Hurst  |  

The Israel Securities Authority (ISA) announced on Monday it is establishing a regulatory Innovation Fintech Hub. According to the ISA, this new initiative is aimed at promoting common discourse between the organization and relevant players in fintech. The organization also encourages fintech companies and entrepreneurs to… Read More

July 23, 2018 @ 1:55 pm By Samantha Hurst  |  

Goodlord, a UK-based proptech platform, has formed a new open banking partnership with TrueLayer. Founded in 2014, Goodlord reports that its cloud-based platform is trusted by hundreds of agencies across the UK. The company has created a one-stop-shop by providing access to a dynamic suite… Read More

July 20, 2018 @ 3:00 pm By Samantha Hurst  |  

Startupbootcamp (SBC) AfriTech announced last week the Top 10 African Innovators selected to participate in the globally renowned, multi-corporate backed accelerator program for 2018. According to SBC, following an intensive 3-month global scouting tour, across 15 countries, and inclusive of 19 FastTrack events and 220… Read More

July 20, 2018 @ 10:26 am By Samantha Hurst  |  

Earlier this week, Silicon Valley Bank and First Data (NYSE: FDC) announced they have selected five startups to participate in Class 8 of Commerce.Innovated., an accelerator designed to help commerce, payments and fintech companies grow their businesses. According to the duo, the Commerce.Innovated. four-month program provides participants with operational mentorship… Read More

July 19, 2018 @ 10:50 pm By Samantha Hurst  |  

PayStand, the blockchain-based, B2B payments company reinventing commercial finance, today announced that it is partnering with Silicon Valley Bank and First Data in Class 8 of Commerce.Innovated., an accelerator program focused on growth and innovation in finance. According to PayStand, Commerce. Innovated is designed to help… Read More

July 19, 2018 @ 3:00 pm By Samantha Hurst  |  

Just days after launching its equity crowdfunding campaign on Crowdcube, UK fintech Glint has successfully secured its initial £1.25 million funding target, thanks to nearly 300 investors. The funding round is part of Glint new Series A funding round, which is seeking a total of… Read More

July 19, 2018 @ 1:00 pm By Samantha Hurst  |  

Mastercard has reportedly been granted a patent to link cryptocurrency with Fiat accounts. According to its filing, the patent was created to manage fractional reserves of blockchain currency comprising: storing, in a first central account, at least a fiat amount associated with a fiat currency.  The company reported:… Read More

July 19, 2018 @ 10:02 am By Samantha Hurst  |  

On Wednesday, Money20/20 announced the upcoming launch of Rise Up, a program that was created in an effort to foster gender inclusivity within both the financial services and fintech industries. According to Money20/20, Rise Up is also designed to empower the next generation of female… Read More

July 19, 2018 @ 2:30 am By Erin Hobey  |  

The European Р2Р platform Robo.cash and alternative lender LLP Zaymer have expanded their partnership by delivering a new opportunity for investments in Central Asia on the platform – installment loans TezCredit with a repayment period up to 12 months and an expected interest rate up… Read More

July 18, 2018 @ 3:15 pm By Samantha Hurst  |  

Shyft, a global blockchain-based network that facilitates secure sharing of attested and compliant data has announced the signing of a Letter of Understanding with security token creation platform Polymath. Shyft reported that as part of the partnership, Polymath will become an active ecosystem participant and data provider for the… Read More

July 18, 2018 @ 2:20 pm By Samantha Hurst  |  

On Wednesday, UK’s Investment Association (IA) announced the first cohort of fintech innovators for Velocity, the IA’s specialist fintech accelerator for the asset management industry. According to IA, the 24 Velocity Advisory Panel is chaired by Graham Kellen, Chief Digital Officer of Schroders, and comprised of… Read More

July 18, 2018 @ 12:45 pm By Samantha Hurst  |  

BBVA announced on Wednesday that Apple Pay is now officially available for customers in Spain. According to BBVA, Apple Pay is aiming to transform mobile payments with a secure and private way to pay.  According to BBVA,  customers just need to use a credit or debit… Read More

July 18, 2018 @ 10:27 am By Samantha Hurst  |  

Fifth Third Bank announced on Tuesday its Financial Risk Solutions group introduced Fifth Third Market Trade, which is described as an online platform for executing and confirming foreign exchange trades. According to Fifth Third, Fifth Third Market Trade is accessible through Fifth Third Direct and provides… Read More