Global

August 25, 2020 @ 2:01 pm By Samantha Hurst  |  

JCB, a Japan-based global payment brand, announced on Monday it has extended its partnership with cloud-based digital payments provider Viva Wallet in Europe. The partnership will reportedly enable contact and contactless payment between Viva Wallet’s European merchants and JCB’s 140 million cardmembers through face-to-face and… Read More

August 25, 2020 @ 12:31 pm By Omar Faridi  |  

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

August 25, 2020 @ 10:52 am By Omar Faridi  |  

UK-based Fintech Paymentology, a company that offers a cloud-powered payments processing solution, has introduced a global credit card processing platform, called Credit Works. Credit.Works aims to fill a key requirement in the Fintech and financial sector’s credit card processing space which Paymentology claims have lagged… Read More

August 25, 2020 @ 8:43 am By JD Alois  |  

As the class action lawsuits pile up, Wirecard (WDI:DE) is experiencing an exodus of empl0yees. The once prominent Fintech, now insolvent and dealing with allegations of fraud, has experienced a profound destruction in value as shares in Wirecard have effectively collapsed – trading slightly above… Read More

August 25, 2020 @ 8:27 am By Omar Faridi  |  

The Bank for International Settlements (BIS), a global financial institution owned by reserve banks that aims to support international monetary and financial cooperation and acts as a bank for central banks, has noted that central bank digital currencies (CBDCs) are now “in the limelight.” However,… Read More

August 25, 2020 @ 6:50 am By Omar Faridi  |  

Javier Rodriguez Soler, the Country Manager / CEO at the BBVA USA (NYSE: BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, confirms that In early August, BBVA USA revealed it would work with Google … Read More

August 24, 2020 @ 4:18 pm By Omar Faridi  |  

UK-based Fintech firms claim that they have been unfairly excluded from government-backed investment programs. Fintech business owners say that there has to be a stronger push for proper regulations for the sector, according to a recent survey released by the Digital Finance Forum (DFF). DFF… Read More

August 24, 2020 @ 3:05 pm By JD Alois  |  

LIFULL Co., Ltd., operator of a Japanese real estate listing website “LIFULL HOME’S” has partnered with Securitize to offer digital securities based on real estate assets. According to a note from Securitize, LIFULL and Securitize are emblematic of the evolution of the global digital securities… Read More

August 24, 2020 @ 2:05 pm By JD Alois  |  

Nium, a payments Fintech based in Singapore, has announced a partnership with Teledolar in Costa Rica thus entering the Latin American market. Nium states that its expansion in LatAm will help Fintechs, banks and financial institutions digitize their solutions. Through the partnership with Teledolar, customers… Read More

August 24, 2020 @ 1:49 pm By Omar Faridi  |  

The National Bank of Egypt (NBE), the country’s largest banking institution in terms of total assets, number of branches and employees, has introduced several services via its Al Ahly Net and NBE mobile app, in order to support its digital banking strategy. Hisham Okasha, chairman… Read More

August 24, 2020 @ 10:54 am By Omar Faridi  |  

Ukraine’s reserve bank claims that central bank digital currencies (CBDCs) may work well when the private sector is involved. The country’s central banking institution had launched a pilot program back in 2018 that had focused on developing a digital version of Ukraine’s national currency (the… Read More

August 24, 2020 @ 10:04 am By JD Alois  |  

In July, Seedrs revealed an update to its Secondary Market that enabled dynamic pricing (or variable pricing) for securities trading on its in-house marketplace. Seedrs explained at that time that previously a seller would list shares on the Seedrs Secondary Market at a price determined… Read More

August 24, 2020 @ 9:03 am By JD Alois  |  

Zopa, a digital bank and online lender, has published the interest rates affiliated with its savings accounts. According to a note from the Fintech, savers may generate interest from 1.05% to 1.3% – depending on the term. Zopa’s Fixed Term Savings accounts are available today… Read More

August 24, 2020 @ 8:46 am By JD Alois  |  

The Cyberpolice of Ukraine reports that it has exposed a criminal group that laundered approximately $42 million in cryptocurrency. Last week, the law enforcement agency posted that three individuals have been accused of the crime and now face up to 8 years in jail. According… Read More

August 24, 2020 @ 7:51 am By Omar Faridi  |  

Countries throughout the world are struggling to cope with the COVID-19 outbreak and resulting socio-economic challenges. Although many places have been trying to re-open for business and lockdowns are being eased, globally, there might be a second wave of the Coronavirus that could lead to… Read More

August 23, 2020 @ 10:28 pm By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, recently announced the closing of its offering of $517.5 million aggregate principal amount of 0.75% convertible notes due 2025. According to Envestnet, the Notes were sold in a private offering to qualified… Read More

August 23, 2020 @ 5:21 pm By Omar Faridi  |  

London-based British Pearl, a directly FCA authorized property investment platform that’s listed in the top 100 UK Fintech firms by Her Majesty’s Treasury, will be expanding its business into other jurisdictions, instead of just focusing on the local markets. British Pearl specializes in fractionalized property… Read More

August 23, 2020 @ 4:30 pm By Omar Faridi  |  

The COVID-19 outbreak has created various socio-economic challenges and has also accelerated the shift towards all-digital platforms and services. Fintech adoption is one the rise, globally, due to what many consider permanent changes in consumer behavior. Individuals and businesses are conducting more online transactions instead… Read More

August 23, 2020 @ 3:18 pm By JD Alois  |  

INX Limited, a company that filed an F-1 with the Securities and Exchange Commission (SEC) in 2019, that was subsequently approved earlier this year, will kick off its public sale of the digital asset this week on August 25, 2020. The security token (INX) will… Read More

August 23, 2020 @ 2:44 pm By JD Alois  |  

Taviner, the power generation and transmission company of Iran, has shut down 1100 crypto mining farms that apparently were not licensed to do business in the country. In the summer of 2019, it was reported that the Iranian government had legalized crypto mining companies for… Read More