Global

July 29, 2020 @ 7:40 am By JD Alois  |  

Nuapay is now connected with 55 banks operating in France connecting 190 million French bank accounts. Nuapay’s French merchants will now be able to accept instant payments via Open Banking from customers, according to a company release. Nuapay is a subsidiary of Sentenial. The company… Read More

July 29, 2020 @ 7:27 am By Omar Faridi  |  

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

July 29, 2020 @ 7:18 am By Omar Faridi  |  

Thought Machine, a core banking technology firm, has acquired an additional $42 million in capital as part of its massive Series B round – which brings the total funds raised during the round to $125 million. Thought Machine had secured $83 million via the Series… Read More

July 29, 2020 @ 1:25 am By Omar Faridi  |  

Ireland-based Linked Finance, a peer to peer (P2P) lender, has asked the Irish government to extend the nation’s €2 billion (appr. $2.35 billion) credit guarantee scheme to P2P and non-banking lending platforms. The UK has introduced the COVID-19 loan scheme, however, Ireland’s alternative lending solution… Read More

July 29, 2020 @ 12:23 am By Omar Faridi  |  

Frankfurt-based Deutsche Bank AG, a multinational investment bank and financial services company that’s dual-listed on the New York Stock Exchange (NYSE: DB) and Frankfurt Stock Exchange (FWB: DBK) with around €1.3 trillion in assets, will reportedly be investing in Germany-based Fintech firm Traxpay. According to… Read More

July 28, 2020 @ 11:18 pm By Omar Faridi  |  

Leading blockchain analysis firm, Chainalysis, which recently secured $49 million in capital through a Series B round, announced on July 27, 2020, that it has launched Market Intel, its newly designed website for asset managers and regulatory agencies. The new site may be used to… Read More

July 28, 2020 @ 10:45 pm By Omar Faridi  |  

Robert McKechnie, head of product at Equifax UK, a data analytics and technology company, has argued that Open Banking can help with lending during the COVID-19 crisis. McKechnie believes that data-sharing via Open Banking (after obtaining customers’ consent) will help with giving potential lenders the… Read More

July 28, 2020 @ 9:22 pm By Omar Faridi  |  

Rebecca Schot-Guppy, the CEO at Fintech Australia, a member-driven organization that’s focused on supporting the financial technology ecosystem in the country, has argued that the success of Fintech outliers such as Afterpay and Airwallex during the COVID-19 outbreak should serve as a reminder that the… Read More

July 28, 2020 @ 9:12 pm By JD Alois  |  

As has been rumored for some time now, Transferwise has raised additional funding at a valuation of $5 billion – a 43% increase to its last funding round. According to a note from the Fintech, Transferwise has closed on $319 million in new capital with… Read More

July 28, 2020 @ 3:32 pm By Samantha Hurst  |  

Mastercard (NYSE: MA) announced on Tuesday has teamed up with Microsoft (Nasdaq: MSFT) for digital commerce innovation push. According to the duo, this new collaboration will accelerate Mastercard Labs’ native research and development activities, as well as Azure and AI, to advance Mastercard Labs’ mission… Read More

July 28, 2020 @ 3:13 pm By JD Alois  |  

Dubai Economy (Dubai Department of Economic Development or DED) and Emirates NBD, a leading banking group in the MENAT region (Middle East, North Africa, and Turkey), have announced the go-live of the UAE KYC Blockchain Platform. The project is described as an initiative that facilitates… Read More

July 28, 2020 @ 11:06 am By JD Alois  |  

Moneybox, a UK based Fintech, has raised £4 million in just four hours crowdfunding on Crowdcube, according to a note from the company. According to the offering page, Moneybox has now raised £4.47 million from 11,012 investors at a pre-money valuation of £142.7 million. The… Read More

July 28, 2020 @ 10:02 am By Samantha Hurst  |  

Alibaba Hong Kong Entrepreneurs Fund announced on Tuesday it has kicked off its annual signature startup event, JUMPSTARTER 2021 Global Pitch Competition, with an online focus to ensure safe participation for all contestants during the COVID-19 pandemic.  JUMPSTARTER 2021 is now open for applications, with… Read More

July 28, 2020 @ 9:27 am By JD Alois  |  

SEBA Bank, a Switzerland based bank licensed by FINMA that seeks to bridge digital assets and more traditional ones, has announced that its Chairman of the Board of Directors has stepped down. According to a release, Andreas Amschwand has decided to exit the board and… Read More

July 28, 2020 @ 9:00 am By Omar Faridi  |  

Abra, the provider of a digital asset investing app, revealed on July 28, 2020, that it has launched new Abra Interest Accounts that offer investors an opportunity to earn as much as 9% interest p.a. on their crypto deposits and certain USD backed stablecoins. As… Read More

July 28, 2020 @ 8:35 am By JD Alois  |  

A recent report authored by Jefferies wonders aloud if COVID will not only impact the health of the world but may also kill off digital-only challenger banks. According to the report, analysis of data indicates that “digital engagement” has moved back into the realm of… Read More

July 28, 2020 @ 8:17 am By Samantha Hurst  |  

Just days after announcing its partnership with Shopify, U.S. fintech Affirm announced it has formed a partnership with Design Within Reach to allow shoppers to pay-over-time for modern furniture and decor. The partnership notably extends across all the Design Within Reach, Herman Miller, and HAY… Read More

July 28, 2020 @ 8:08 am By JD Alois  |  

Digital bank Revolut has announced a new price comparison feature for its users. Working with Decision Tech, Revolut has launched “Essentials”  to enable users to more easily switch and save on various services such as gas, electricity, and broadband. The Essentials feature is available now… Read More

July 28, 2020 @ 7:52 am By Omar Faridi  |  

Fintech lender and digital bank Zopa has provided rates for its fixed-term savings accounts and noted that current investors that express interest will get a chance to receive exclusive products. Zopa clarifies that these rates are available only to investors and not necessarily what will… Read More

July 28, 2020 @ 7:42 am By Omar Faridi  |  

Flex, a money management app, has been introduced in order to help people with solving their financial problems by effectively managing their finances. Flex’s money management service can be accessed by opening a new account within minutes, the company claims. There’s currently a free and… Read More