Global

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

The Sandbox, a Binance Supported “Decentralized” Gaming Virtual World Project, Includes Atari, Smurfs NFTs

Binance, the world’s largest crypto exchange, notes that its decentralized gaming virtual world and Binance Launchpad alumnus The Sandbox has announced that 1,859 premium LANDS NFTs (non-fungible tokens) “adjacent to Binance estates will be available for purchase” during its LAND presale (which reportedly began on… Read More

Payoneer Launches New Payment Orchestration Payments For E-Commerce Merchants in North America

Digital payments company Payoneer announced on fMonday the launch of its new payment orchestration platform that is dedicated to e-commerce merchants in North America. The company reported that following its optile acquisition, it is now integrating its offering into its core platform and expanding its… Read More

LendInvest Reducts BLT Rates

Proptech LendInvest has announced rate reductions for buy to let (BTL) loans and a new five year fixed product. LendInvest states that it has reduced rates across its two year fixed rate products. It’s 70% LTV two year fixed rate will now be available at… Read More

Filecoin Reports 1 Billion GB in Storage Capacity

Decentralized storage network Filecoin has announced that its community of miners has dedicated an exbibyte (EiB) of storage capacity (or 1024 Pebibytes) to the network less than 4 weeks since its launch. Filecoin provides several real-world examples of what this type of digital warehouse means…. Read More

Don’t Treat Everything Like a Financial Instrument: 5 Questions Commenters Must Consider About MiCAR (with Proposed Answers!)

MiCar: Markets in Crypto-Assets Regulation. Everyone seems to forget that blockchain is a database software at its core; better database software to be sure because it makes digitally unique items (known as “crypto-assets” or “digital assets”) possible in a transparent, auditable, and secure system, but… Read More

Deloitte’s Fastest-Growing UK Tech Firms List Includes CrowdProperty, Landbay, Lendable, Lending Crowd, Lending Works, Revolut

Four peer to peer lending platforms were recently ranked among the United Kingdom’s fastest-growing tech firms. Big Four auditing company Deloitte’s UK Fast 50 list ranks tech companies based on their overall revenue growth over the last 4 years. As stated on the accounting firm’s… Read More

UK Fintech Lanistar Claims it’s Part-Owned by Some of the “World’s Most Influential People,” FCA Removes Warning

After introducing its platform in March 2020, UK Fintech Lanistar has been struggling to establish its operations. As reported recently, the Financial Conduct Authority (FCA) had issued a warning that Lanistar was not authorized to provide services to consumers. The digital banking Fintech platform attracted… Read More

Digital Payments Companies PayPal and Square have Acquired Over 100% of All Newly Minted Bitcoin (BTC): Report

Paypal (NASDAQ: PYPL) has reportedly acquired as much as 70% of all the newly mined Bitcoin (BTC) since the payments company began allowing users to purchase digital currencies. These estimates have been provided by Pantera Capital, a prominent hedge fund management firm. The company published… Read More

Visa Announces Completion of YellowPepper Acquisition

  Visa (NYSE:V) announced on Friday it has completed the acquisition of YellowPepper, a payments tech company that supports financial institutions and startups in Latin America and the Caribbean. Visa reported that the acquisition is considered the first of its kind for financial giant in… Read More

Big Money: UBS “My Way” Platform Seeks to Cater to Wealthy Clients with Digital Services, Meanwhile Fintech is on the List of the Next Big Thing

This past week it was reported that UBS is looking to beef up its wealthy client business with its new “My Way” platform that is currently catering to customers in Switzerland with other European countries forthcoming as well as Asia.  According to Reuters, the wealth… Read More

Kazakhstan based Fintech Kaspi.kz Says its Business Is Performing Well After London Stock Exchange Listing

Most of the staff members at Kazakhstan-based Fintech firm Kaspi.kz (LSE:KSPI) have been working from their homes due to the COVID-19 outbreak. The company claims its business has been doing well despite the challenges created by the Coronavirus crisis. Kaspi provides payment systems and digital… Read More

South Korea’s Seoul Fintech Lab to Work with Investors in Luxembourg to Launch Projects across Europe

The Seoul Fintech Lab, which has been established by the Seoul Metropolitan Government in South Korea, aims to transform the city into one of the leading financial centers in the world. The Fintech Lab’s organizers may be working closely with companies in Luxembourg. There’s an… Read More

Bitcoin (BTC) Miners Profitability Further Improved due to Lower Mining Difficulty Level: Report

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

Western Union Acquires 15% Stake, Valued at $200 Million, in Saudi Arabia’s Telecom’s Digital Payments Unit, STC Pay

Western Union (NYSE: WU) has reportedly acquired a 15% stake in Saudi Arabia’s Telecom’s digital payment division. Western Union, which is notably the largest money transfer company in the world, has confirmed that it has purchased a $200 million (or 15%) stake in the online… Read More

China: WeiyangX Fintech Review

Corporate SaaS Platform Gongsibao Secures Series B Financing led by NIO Capital and 5Y Capital On November 18th, corporate SaaS platform Gongsibao announced that it had received more than RMB 100 million in Series B financing led by NIO Capital and 5Y Capital (formerly known… Read More

Bitcoin (BTC) has Become Less Volatile than Many S&P 500 Stocks, As it Approaches its All-Time High of Nearly $20,000

Bitcoin (BTC), the world’s leading digital currency that’s trading at over $18,000, has become less volatile than many S&P 500 stocks. The team at VanEck, a New York-based investment management firm, has noted: “Historically, Bitcoin has been discussed in the news and among investors as… Read More

Global Fintech Circle Partners Bolivarian Republic of Venezuela and Airtm to Provide Aid to Nation’s Residents with USDC Stablecoin

Global Fintech firm Circle has teamed up with the Bolivarian Republic of Venezuela and Airtm in order to provide aid to Venezuelan residents using the USDC stablecoin. According to a release, the initiative has been introduced with government support and notably marks “a global first”… Read More

InfoSys Chairman Says French Expertise Might Help with Launching Aadhar-like System to Make Data More Accessible to Everyone

Nandan Nilekani, the Chairman at InfoSys, recently noted that French expertise could help with establishing an Aadhar-like system in order to make data more accessible to everyone. The Aadhaar system provides a 12-digit unique identity number that may be obtained voluntarily by India’s residents or… Read More

Bank Hapoalim and Abu Dhabi Global Market to Work on Digital Transformation of Financial Services in UAE and Israel

Israel’s Bank Hapoalim and Abu Dhabi Global Market will be collaborating on various Fintech projects. Both organizations have agreed to support the digital transformation of financial services in the UAE and Israel. Abu Dhabi Global Market (ADGM), a major international financial centre located in the… Read More

Italian Mobile Payments Firm Satispay Secures €93 Million from Share Sale to Square, Tencent, Others

Italian mobile payments firm Satispay has secured €93 million (appr. $110.5 million) in capital from a share sale to several different investors which includes payments company Square (NYSE:SQ), tech giant Tencent (HKG: 0700), LGT Lightstone and TIM Ventures. Satispay’s investment round consisted of €68 million… Read More

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