Global

September 10, 2020 @ 10:43 pm By Omar Faridi  |  

The developers of Ontology (ONT), a “high-performance” or high-throughput blockchain platform for creating enterprise-grade applications, have revealed that Wing, the very first credit-based decentralized finance (DeFi) project, based on the Ontology blockchain, published its first whitepaper. The Wing platform is integrated with Ontology’s decentralized identity… Read More

September 10, 2020 @ 9:42 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, confirms that China’s public blockchain network BSN recently launched the new BSN Global Portal. IRISnet will be one of the partners that will contribute to the project. The IRISnet team is… Read More

September 10, 2020 @ 3:55 pm By JD Alois  |  

Prime Trust, a fast-growing custody and tech solution for both traditional and digital assets, will be working with KYC firm AU10TIX, according to a note from the firm. AU10TIX is an Israel-based company that offers ID verification and authentication – a key service in the… Read More

September 10, 2020 @ 2:58 pm By Omar Faridi  |  

Mexico’s Übank, the provider of an automated savings solution that allows consumers to save based on their lifestyle and everyday expenses, is planning to expand its operations into the US in 2021. Übank claims that it uses innovative savings strategies. Its app can “transform” daily… Read More

September 10, 2020 @ 11:11 am By JD Alois  |  

  Mastercard revealed this week that it has launched a central bank digital currencies (CBDCs) testing platform. The goal is to enable central banks to test national digital currencies. Many central banks are testing or investigating CBDCs including China’s digital yuan that is currently being… Read More

September 10, 2020 @ 10:55 am By JD Alois  |  

creditshelf Aktiengesellschaft, a marketplace lender serving German SMEs, reports that growth remains robust for its platform even during the ongoing COVID-19 challenge. According to creditshelf, a solid Q2 led to significant revenue growth of 41.6% during the first six months of 2020 when compared to… Read More

September 10, 2020 @ 10:18 am By Samantha Hurst  |  

Visa Inc (NYSE: V) announced on Thursday it has extended its partnership PayPal (NASDAQ: PYPL) to the provider what it believes is faster access to funds around the world. The partnership expansion notably follows the successful launch of the Instant Transfer service across North America, as… Read More

September 10, 2020 @ 8:24 am By Omar Faridi  |  

Prominent digital bank Revolut has reportedly launched services in Japan, as it continues to move forward with its ambitious global expansion plans. The Fintech Unicorn had first acquired a license to offer services in the country back in 2018. Revolut’s management confirmed that its services… Read More

September 10, 2020 @ 2:00 am By Therese Torris  |  

Founded in 2012 in France as an equity crowdfunding platform, the Anaxago group powers on with carrying out its strategy to be the first 100% digital neo-private bank. The group aims to give to the greater number access to financial products combining impact and performance…. Read More

September 9, 2020 @ 11:33 pm By Omar Faridi  |  

While many business sectors in Ireland have seen a substantial decline in activity or revenue due to the COVID-19 crisis, that nation’s Fintech industry attracted significant investments of around $328.6 million during H1 2020. This, according to KPMG’s latest report on Fintech deals during the… Read More

September 9, 2020 @ 9:06 pm By JD Alois  |  

Digital Currency Group (DCG) has acquired Luno, a digital asset exchange, according to a note from the company. Based in London and with regional hubs in Singapore and Cape Town, Luno is said to currently employ around 400 employees – serving over five million global… Read More

September 9, 2020 @ 8:40 pm By Omar Faridi  |  

Fintech investments in Australia reached $376.5 million during H1 2020, which represents a 150% increase when compared to the same period from last year when $149.05 million for raised by Fintechs in the country. But there was a significant drop in mergers and acquisitions (M&A)… Read More

September 9, 2020 @ 8:19 pm By JD Alois  |  

Funding Societies, an SME digital financing platform has updated much of its executive team. According to a note from the company, Frank Stevenaar joins as the Fintech’s first Chief Financial Officer (CFO), Nihit Nirmal takes on the role as Chief Product Officer (CPO), and Ishan… Read More

September 9, 2020 @ 7:48 pm By Omar Faridi  |  

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, reveals that hackers regularly use automated scripts (malicious computer code) that allow them to attack computer systems every 39 seconds (on average 2,244 times per day). The… Read More

September 9, 2020 @ 6:44 pm By Omar Faridi  |  

Vaduvur Bharghavan, CEO and president of Fintech firm Ondot, a card app platform, has pointed out that the Apple Card was the first to set the expectation for what should be offered by an all-digital payment card. He added that the Apple Card really set… Read More

September 9, 2020 @ 12:42 pm By JD Alois  |  

eBay (NASDAQ:EBAY), the popular e-commerce and marketplace platform, is expanding its in-house payments service to several new countries as it continues its push to offer a direct payment service globally. eBay payments are now available in Italy, Spain and France, according to a note from… Read More

September 9, 2020 @ 12:05 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Wednesday it has expanded its identity verification capabilities to Pakistan. This news comes less than two months after Trulioo expanded the capabilities to Vietnam. “Pakistan wants to improve its socio-economic well-being and inclusion by building a… Read More

September 9, 2020 @ 10:52 am By JD Alois  |  

Paysend, a UK based money transfer, and payments firm, has expanded its services into the US. According to a release, the company’s move into the US is being enabled by Paysend’s partnership with Central Payments, the payments subsidiary of Central Bank of Kansas City. Paysend… Read More

September 9, 2020 @ 9:58 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, has revealed that it will set up its Fintech incubator and accelerator F10 in Spain. In June 2020, SIX had acquired a controlling interest in BME, the Spanish stock market operator…. Read More

September 9, 2020 @ 9:51 am By Omar Faridi  |  

Sweden’s Buy Now, Pay Later firm Klarna is reportedly planning to secure $500 million in capital via an investment round which could double its valuation to around $10 billion, according to a recent report from Reuters (which cited sources familiar with the matter). Klarna had… Read More