Global

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 13, 2020 @ 9:20 pm By Omar Faridi  |  

Ava Labs, an organization focused on building Avalanche so that the platform can empower people to create “an open, simple, and democratic internet of finance,” notes that ecosystem growth on Avalanche is “imperative.” Ava Labs confirms that while working towards Avalanche’s mainnet launch, they had… Read More

October 13, 2020 @ 8:28 pm By Omar Faridi  |  

OKCoin, a regulated crypto exchange which recently announced the launch of its Singapore offices, has revealed that it will be listing several (decentralized finance) DeFi assets including Chainlink (LINK), YF LINK (YFL), and DFI.money (YFII). OKCoin recently listed several major DeFi focused tokens including Compound… Read More

October 13, 2020 @ 8:11 pm By Omar Faridi  |  

SIMON has expanded its digital wealth management platform to include exchange-traded funds (ETFs). The company has also launched a new marketplace with Innovator’s Capital Management’s Defined Outcome ETFs – which includes their Buffer ETFs. These products are currently available on SIMON’s centralized platform for “risk-managed… Read More

October 13, 2020 @ 8:04 pm By Omar Faridi  |  

David Laird, CEO at modul8, a Melbourne based financial services firm, confirms that his company has teamed up with Nium in order to build better payments solutions in Australia and Southeast Asia. Nium is a global finance infrastructure firm. It will offer payment card-issuing services… Read More

October 13, 2020 @ 3:21 pm By Omar Faridi  |  

HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has introduced Compass – which is a platform that will match Bitcoin (BTC)… Read More

October 13, 2020 @ 3:15 pm By JD Alois  |  

Last week, the UK Financial Conduct Authority announced a ban on the sale of crypto derivatives and exchange-traded notes (ETNs) that for retail investors. The ban, which goes into effect on January 6, 2021, has no impact on spot trading of cryptoassets. Some crypto-industry insiders criticized… Read More

October 13, 2020 @ 11:59 am By JD Alois  |  

A speech delivered today by Victoria Cleland, Executive Director, Banking, Payments, and Innovation at the Bank of England, tackled the topic of faster payments and cross-border transfers. Cleland highlighted the three-stage process to advance cross border payments being pursued at the international level and then… Read More

October 13, 2020 @ 10:15 am By JD Alois  |  

OurCrowd, the leading global investment crowdfunding platform, and the Emirates Angels Investors Association, an Emirati angel investment network, held an online event today allowing Israeli investors and entrepreneurs a first glimpse of the tech opportunities available in the United Arab Emirates following the historic diplomatic… Read More

October 13, 2020 @ 9:00 am By Omar Faridi  |  

We recently connected with Ray Youssef, the CEO at Paxful, a leading peer to peer Bitcoin exchange, which reported a 274% increase in new registrations in Turkey, during the past year, on its platform. There was also an average of $65,000+ in monthly trade volume… Read More

October 13, 2020 @ 7:49 am By Omar Faridi  |  

Polish-British Fintech Symmetrical.ai, which helps employees maintain financial well-being, has been issued a small payment institution license. The company said that the new permit should allow it to make Symmetrical-backed salaries “even faster, more flexible, and empowering.” Currently, there are 69 different small payment institutions… Read More

October 12, 2020 @ 10:13 pm By Omar Faridi  |  

Neobanks have been finding it quite challenging to maintain their competitive deposit rates. During the past few weeks, three Australian neobanks have reduced their rates and two of them have placed limits on the balances on which they’ll pay higher interest. Australia based digital bank… Read More

October 12, 2020 @ 9:22 pm By JD Alois  |  

Non-Fungible Tokens (NFTs), unique digital assets that may be collectible, appear to be gaining in popularity. According to a recent release, a “world record” was set for a public auction where NFT “Block 21” sold for $131,250 – more than 10X the estimates of its… Read More

October 12, 2020 @ 8:55 pm By Omar Faridi  |  

Artificial intelligence (AI) and machine learning (ML) algorithms are increasingly being used by Fintech platform developers to make more intelligent or informed decisions regarding key processes. This may include using AI to identify potentially fraudulent transactions, determining the creditworthiness of a borrower applying for a… Read More

October 12, 2020 @ 2:13 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, had introduced Mettalex, a “decentralized” crypto and commodities derivatives trading platform (back in August 2020). Mettalex had stated in August that it would be working with a consortium of steel… Read More

October 12, 2020 @ 12:02 pm By JD Alois  |  

The Financial Services and Markets Authority (FSMA) in Belgium has published a report on the securities crowdfunding market. According to the document, during the past two years, crowdfunding offerings carried out in Belgium to finance new projects have raised at least €69.24 million. The period covered… Read More

October 12, 2020 @ 10:56 am By JD Alois  |  

The Belgian Financial Services and Markets Authority (FSMA) estimate that from May 2019 to September 2020, around €10 million was lost by investors who were scammed by bogus trading platforms – including cryptocurrency offerings. Belgium is a country with a population of around 11 million… Read More

October 12, 2020 @ 9:00 am By Therese Torris  |  

How did the pandemic impact the P2P crowdfunding sector, the part of alternative fundraising financed exclusively by individual contributors and retail investors? To answer this question, the French crowdfunding association Financement Participatif France (FPF) together with the state bank, Banque des territoires commissioned a study…. Read More

October 12, 2020 @ 8:05 am By Omar Faridi  |  

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

October 12, 2020 @ 8:00 am By Omar Faridi  |  

The COVID-19 outbreak has accelerated the shift towards the increased use of all-digital platforms and services by consumers across the globe. Ajay Bhalla, president of Cyber and Intelligence for Mastercard, says that the “new normal” is not a new development anymore and that we need… Read More