Global

We find Fintech news from around the world and share it with you here.

APAC Deal Activity Down by Nearly 20% YoY in First 2 Months of 2024 – Research Report

A total of 1,843 deals (mergers & acquisitions [M&A], private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region “during January-February 2024, which is a year-on-year (YoY) decline of 19.6% compared to the 2,292 deals announced during the same period in previous… Read More

UK’s Metro Bank Enhances Maximum Loan Sizes for Local Properties

Metro Bank has enhanced its maximum loan sizes for residential properties. Metro Bank noted in a blog post that the changes mean that loans up to 90% LTV will have “a maximum loan amount of £1.25m, and loans up to 85% LTV will have a… Read More

Startup Compensation and Hiring Experience Reset as VC backed Firms Face Bear-Market – Report

As VC-backed startups continue to contend with bear-market headwinds, startup hiring and compensation have undergone a reset, according to an update from Carta. Last year marked a startup employment contraction: There were more total job departures from companies on Carta in 2023 than there “were… Read More

HeavyFinance Is Reportedly Raising a €50 Million Fund

HeavyFinance is raising €50 million for a private credit fund that will support European agricultural small and medium-sized businesses (SMEs) with tailor-made finance. The funding will be available to finance solutions “to advance the decarbonization of agriculture in Bulgaria, Latvia, Lithuania, Poland and Portugal.” EIF… Read More

Republic May Add Seedrs Platform to Note Performance

Republic Note is a security designed to allow investors to participate in the success of the online investment platform. Once a shared pool hits a certain threshold, distributions are made to holders of the Republic Note. The security is traded on INX, a marketplace in… Read More

Cross-Border Payments: Bitso Business Chosen By Chile’s Andean Wide

Andean Wide —an international payments technology platform— announced that it has chosen Bitso Business —the Bitso B2B segment supporting the technology of cross-border payments— as its infrastructure solutions provider “to apply blockchain technology and expand its cross-border offerings with greater efficiency.” Andean Wide is a… Read More

Claire Huddleston from Clear Junction Explains How Digitization and Remittances Can Boost Economic Development

In the face of a highly fragmented financial services landscape and varying levels of maturity across its markets, Claire Huddleston, Sales and Marketing Director at Clear Junction, explains how digitization and remittances can drive Africa’s continuing economic development. Huddleston also talks about the key economic… Read More

UK’s Digital Assets Firm Archax Partners with Talos

Archax, the FCA regulated exchange, broker, and custodian for digital assets, announced a strategic partnership with Talos, the institutional crypto trading platform. Through this partnership, Archax says that it will “leverage it’s FCA cryptoasset registration combined with the market-leading capabilities of the Talos platform to… Read More

Real Estate Developer and PeerBerry Partner Lithome Repaid Investors a €600K Loan

PeerBerry’s business partner – real estate developer Lithome – repaid investors a €600 000 loan (real estate project “Marijampolės 5”) and paid their investors €57 405 in interest. Today, Gofingo Group repaid PeerBerry investors €200 000 in war-affected loans. These repayments are being “processed on… Read More

Gen AI Regulation in the UK Cannot Come Soon Enough for Consumers – Survey Reveals

Generative AI (Gen AI) became popular or more widespread with consumers in 2022, when several user-friendly text-based AI systems were released to the public, according to a recent update shared by KPMG. Yet despite its infancy, respondents to a new KPMG UK poll have “expressed… Read More

Staking on Ethereum Network Captures Significant Attention Since “The Merge” – Report

As a fundamental aspect of validating and securing proof of stake (PoS) blockchains, staking on the Ethereum network has captured significant attention since “The Merge,” according to an extensive report from Coin Metrics. The Coin Metrics team notes in their weekly report that currently, over… Read More

Bitcoin Suisse Reports CHF 5B Assets Under Custody and CHF 2B Assets in Staking Offering

Bitcoin Suisse has achieved significant milestones in two of its core business areas, custody and staking, with both sectors reaching new highs in client assets. This accomplishment is said to highlight the demand for Swiss-based digital asset services accompanied by the highest security standards. For… Read More

AML Systems Are Constantly Evolving to Address Increase in Complexity of Financial Crime – Report

AML (Anti-money Laundering) systems are a rapidly evolving area of technology, which has to compensate for the constant increase in volume and complexity of online financial crime, according to an extensive update shared by Juniper Research. Juniper Research defines anti-money laundering systems as “a set… Read More

Financial Titans Explore Blockchain Interoperability in Canton Network Test

The pilot of the Canton Network, a pioneering initiative for interoperability in the capital markets domain, saw significant participation from leading financial institutions, including 15 asset managers, 13 banks, four custodians, and three exchanges. Among the banks were major players like BNY Mellon, Goldman Sachs,… Read More

Blockpass and Animoca Brands Partner to Enhance Web3 Security

Blockpass, a UK-based provider of compliant identity verification solutions for Web3, and Animoca Brands, a Hong Kong-based company known for advancing digital property rights in gaming and the open metaverse, announced a strategic partnership on to foster a more secure and compliant Web3 environment. The… Read More

Digitalization Improved Swedish Payments Market But New Challenges Emerged – Riksbank Report

The digitalization of the Swedish payments market has contributed to faster, smoother and more efficient payments, according to a research report from Riksbank. But this development has also brought a number of challenges. Several groups in society “experience digital and financial exclusion, and there are… Read More

UK’s Allica Bank Announces New Integrations to Help Businesses Streamline Operations

Allica Bank – a digital bank for established businesses with 10 or more employees – has announced partnerships with accounting software platforms Sage and Xero. The direct integrations will mean Allica Bank business current account customers that use Sage and Xero can “have their account… Read More

Spot Bitcoin ETFs Gather $12B in Funds Since Launch with Record $1B+ of Inflows on March 12 – Report

Collectively the spot Bitcoin ETFs have been quite successful, but even individually, most of the BTC ETFs would be considered successful compared to most ETFs, according to an extensive update from NYDIG. NYDIG researchers note that price movements and ETF flows will likely work in… Read More

Nigeria’s SEC Proposes Hefty Fee Hike for Crypto Exchanges

The Securities and Exchange Commission (SEC) of Nigeria has announced proposed revisions to the regulatory framework for cryptocurrency service platforms. The adjustments include a substantial increase in the registration fee for cryptocurrency exchanges, escalating from 30 million naira ($18,620) to 150 million naira ($93,000). The… Read More

Visa and Taulia to Make Embedded Finance More Accessible

Visa (NYSE:V), a global enabler of digital payments, and Taulia, an SAP company, and a  provider of working capital management solutions, have announced a new partnership to make embedded finance accessible to businesses worldwide. The collaboration will incorporate Visa’s digital payments technology into Taulia Virtual… Read More

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