Global

June 1, 2020 @ 12:32 am By Omar Faridi  |  

The digital transformation strategy used by most traditional banks has been “optimized for a world that no longer exists,” according to a new report from ResearchandMarkets.com. The report notes that incumbents have developed digital transformation strategies for the vertically integrated value chain, where change can… Read More

May 31, 2020 @ 11:30 pm By Omar Faridi  |  

Digital or neobanks are increasingly being used by consumers of all age groups for managing finances, and completing transactions. Despite the COVID-19 outbreak and resulting economic problems, digital bank Starling Bank recently secured £40 million in capital. Challenger banks aim to offer better services compared… Read More

May 31, 2020 @ 11:27 pm By Omar Faridi  |  

  Barcelona’s Fintech firm Belvo has secured $10 million in capital, in order to recruit between 40-50 new project developers. Belvo is also planning to establish business offices in Sao Paulo, Brazil. Y Combinator-backed Belvo maintains its second major hub and primary market in Mexico… Read More

May 31, 2020 @ 11:00 pm By Omar Faridi  |  

Digital asset market data aggregator CoinMarketCap recently revealed that it has introduced a different type of ranking system for cryptocurrency market pairs. CoinMarketCap said it would begin using a new ranking system that takes several factors into consideration. The leading crypto data site operator noted… Read More

May 31, 2020 @ 10:30 pm By Samantha Hurst  |  

Backbase, an omni-channel banking solution provider, announced on Thursday it has formed a new partnership with cloud-banking platform Mambu to create an end-to-end integrated SaaS banking solution. According to Backbase, the combined offering provides financial institutions with a fully integrated end-to-end cloud-native digital banking solution… Read More

May 31, 2020 @ 5:32 pm By Omar Faridi  |  

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has teamed up with the San Francisco-headquartered Stellar Development Foundation (SDF). According to a release, SatoshiPay has received a $550,000 investment from SDF’s Enterprise Fund. The funds will be used to… Read More

May 31, 2020 @ 3:14 pm By JD Alois  |  

Last week the Argentinian Unidad de Informacion Financiera issued a statement about digital assets and money laundering. The regulator said there has been an increase in transactions carried out through virtual assets that may be illegal. To quote the agency: “In this context, the Financial… Read More

May 31, 2020 @ 2:29 pm By Xu Gao  |  

China’s Top Financial Authorities Roll Out 11 Financial Reform Measures On May 27th, the Office of the Financial Stability Development Committee of the State Council issued a press release that the Development and Reform Commission, the Ministry of Finance, People’s Bank of China, China Banking… Read More

May 30, 2020 @ 10:34 pm By Omar Faridi  |  

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

May 30, 2020 @ 7:47 pm By Omar Faridi  |  

  Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base. Pylarinou confirms that the valuations of later-stage Fintech companies have… Read More

May 30, 2020 @ 7:30 pm By Omar Faridi  |  

UK-based RateSetter, a peer to peer (P2P) lender, notes that its Provision Fund has been designed to assist investors with managing credit risk and to simplify the investment process. As explained by Jonathan Hodge, the chief operating officer at RateSetter, the Provision Fund aims to… Read More

May 30, 2020 @ 7:00 pm By Omar Faridi  |  

  Jon Deane, CEO at InfiniGold,  a company focused on the digitization of physical commodities, recently explained how gold-backed stablecoins can be used to track the spot price of the gold bullion. InfiniGold leverages patented technologies and works with commodity partners to support the wider… Read More

May 30, 2020 @ 4:50 pm By Omar Faridi  |  

Fortmatic, a company that aims to improve the user experience, or UX, (which can be poor with digital asset wallets) by allowing users to access their Ethereum (ETH) funds from their app, has secured $4 million in seed funding. The firm’s app aims to allow users… Read More

May 29, 2020 @ 9:58 pm By Omar Faridi  |  

Global Impact Fintech (GIFT), a multinational non-profit think tank of government, regulatory, industry, technology and financial technology professionals from over 35 countries (including India and Singapore), continues to expand its presence across the globe. GIFT is a forum that brings together policymakers and Fintech, general… Read More

May 29, 2020 @ 7:57 pm By Omar Faridi  |  

San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets. Coinbase recently introduced Tezos (XTZ) staking rewards for its US-based customers. The exchange will now be offering this option to its UK clients… Read More

May 29, 2020 @ 6:35 pm By Omar Faridi  |  

Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic investments in various digital asset projects, has argued that stablecoins will reach a $1 trillion+ market capitalization in the next five years. Stablecoins… Read More

May 29, 2020 @ 5:46 pm By JD Alois  |  

  A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions. In multiple statements, Grupeer management claimed the COVID-19 pandemic had harmed its ability to operate. At the end of March,… Read More

May 29, 2020 @ 3:05 pm By Omar Faridi  |  

XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also increased significantly. San Francisco-based Fintech firm Ripple’s on-demand-liquidity (ODL) solution has experienced an considerable increase in overall usage and adoption this year. The company’s… Read More

May 29, 2020 @ 1:06 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has been in the Fintech news quite a bit as of late. Recently, Goldman upset Bitcoin lovers because the global investment bank claimed the world’s most popular crypto was “not an appropriate asset class” along with all other cryptocurrencies. At one point… Read More

May 29, 2020 @ 8:56 am By Samantha Hurst  |  

Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fusion Fund with participation from Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners and Viaduct Ventures. Founded in 2014, Accern explained… Read More