Global

August 11, 2020 @ 12:16 am By JD Alois  |  

Seedrs is a top UK based investment crowdfunding platform that is active in both the UK and continental Europe. Launched in 2012, Seedrs is a trailblazer in online capital formation for early-stage ventures. Since inception, Seedrs has booked over 1100 funded deals recording about £950… Read More

August 10, 2020 @ 10:58 pm By Omar Faridi  |  

Researchers that attended the recent Black Hat security conference confirmed that digital currency exchanges remain vulnerable to hackers. While digital asset trading platforms may have attempted to provide adequate security to protect users’ funds, researchers argue that cryptocurrency exchange attacks have been operating like “an… Read More

August 10, 2020 @ 9:13 pm By Omar Faridi  |  

An Israel-based AI technology firm is planning to help MUFG Bank, which is Japan’s largest financial institution, with assessing the operations of Asian startups in order to determine the feasibility of issuing loans to them. The $80 million 50-50 joint initiative between Tel Aviv based… Read More

August 10, 2020 @ 7:09 pm By Omar Faridi  |  

China and India had the highest Fintech adoption rate (at 87%) out of all emerging markets, as of March 2020, according to a Research and Markets report. The Fintech sector has been expanding during COVID-19 because more consumers and businesses are conducting transactions online. Many… Read More

August 10, 2020 @ 7:03 pm By JD Alois  |  

  MoneyTap, a Fintech described as India’s first App-based credit line, has enlisted the assistance of Upgrade founder and CEO Renaud Laplanche to the company’s advisory board. Laplanche is also the founder and former CEO of LendingClub, the first marketplace lending platform to go public… Read More

August 10, 2020 @ 4:05 pm By JD Alois  |  

Ethereum Classic Labs (ETC Labs), the core developer and organization for the Ethereum Classic (ETC) blockchain, has partnered up with crypto-sleuth firm CipherTrace and Kobre & Kim to uncover the individuals involved in the recent attacks on the Ethereum Classic blockchain. According to a release,… Read More

August 10, 2020 @ 12:51 pm By Omar Faridi  |  

Strong Customer Authentication (SCA) testing performed by tech giant Microsoft reveals that consumers are actually leaving their planned purchases at relatively high rates when challenged at the time of checkout. SCA is a European regulatory requirement that aims to reduce or eliminate fraudulent activities and… Read More

August 10, 2020 @ 12:17 pm By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday its new Global Fast Track Program, which is a business-driven program within Hong Kong Fintech Week (HKFW). According to InvestHK, the Fast Track program plugs fintech enterprises directly into Hong Kong’s diverse ecosystem of world-class regulators, business leaders,… Read More

August 10, 2020 @ 11:49 am By Omar Faridi  |  

Clear Books, which offers accounting and payroll software to more than 13,000 SMEs, has teamed up with payment processing company, Stripe. The integration should make it easier or more seamless for Clear Books customers to take card payments, which means that businesses will be able… Read More

August 9, 2020 @ 11:00 pm By Omar Faridi  |  

Kava Labs, a developer of the Kava platform, which is a blockchain solution offering decentralized finance (DeFi) services (including stablecoins, bonds, and lending), revealed on August 8, 2020 that it has teamed up with the BNB investor club (BNB48Club). As confirmed in the announcement: “BNB48… Read More

August 9, 2020 @ 9:40 pm By JD Alois  |  

The British Business Bank says the Coronavirus loan schemes are benefiting businesses in all corners of the UK. According to a note distributed by the Bank, loans are tracking the business population of each region. The loans are being provided by both traditional financial services… Read More

August 9, 2020 @ 2:54 pm By Omar Faridi  |  

Amsterdam based Fintech firm Kinder has reportedly secured €500,000 in funding and may be planning to make an official announcement soon, according to Silicon Canals. The Fintech company could have raised more capital, however, some investors may have held back due to the economic challenges… Read More

August 9, 2020 @ 12:49 pm By Omar Faridi  |  

Emergency COVID-19 funding or financial relief for companies in the UK will reportedly go back to the Treasury at the end of this month if it’s not claimed, the BBC reports. About four months after £12 billion in Coronavirus related funding was approved to help… Read More

August 9, 2020 @ 11:51 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

August 8, 2020 @ 7:36 pm By Omar Faridi  |  

Santiment, which offers on-chain, social and curated information on over 900 cryptocurrencies, notes that, quite often, development activity is an “underrated” indicator of the success of a blockchain or digital asset project. Santiment believes that developer activity for crypto-related initiatives proves or shows the month-to-month… Read More

August 8, 2020 @ 7:01 pm By Omar Faridi  |  

Equilibrium, which describes itself as an all-in-one, interoperable decentralized finance (DeFi) Hub that lets users stake (cryptocurrencies) and earn, lend and raise liquidity “all in one place,” has partnered with Polkadot, a leading blockchain protocol that has been founded by Gavin Wood, an Ethereum (ETH)… Read More

August 8, 2020 @ 6:44 pm By Omar Faridi  |  

Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More

August 8, 2020 @ 9:16 am By Omar Faridi  |  

Honeycomb Investment Trust (LON: HONY), a company specializing in investing in credit assets originated by non-bank lenders and other originators of various lending assets, mainly in the UK, is reportedly considering a potential £1.5 billion merger with Pollen Street Secured Lending (PSSL), in order to… Read More

August 7, 2020 @ 8:35 pm By Omar Faridi  |  

The Fintech sector managed to secure more funding, globally, during Q2 2020 than it did during the first quarter of the year, according to a recent report from CB Insights. The report noted that the Fintech industry in all major world regions, except for Asia,… Read More

August 7, 2020 @ 7:14 pm By Omar Faridi  |  

North America is reportedly the third-most active region in terms of the total cryptocurrency volume moved or transferred on-chain, right behind Western Europe and East Asia. According to a Chainalysis blockchain and digital asset market report: “Overall, North America-based [cryptocurrency] addresses accounted for 14.8% of… Read More