Global

June 28, 2020 @ 12:55 pm By Omar Faridi  |  

France’s IDEMIA, a global company focused on providing security and identity solutions, including facial recognition systems and related biometric ID verification services (with over $3 billion in yearly revenue), and Treezor have launched an eco-friendly payment card by Onlyone, a French Fintech company. The announcement… Read More

June 28, 2020 @ 12:31 pm By Omar Faridi  |  

Core Scientific, a US-based blockchain hosting provider, has teamed up with Bitmain Technologies Inc., a leading Bitcoin (BTC) mining equipment manufacturer, in order to facilitate the purchase of 17,595 units of cryptocurrency mining machines “on behalf of its growing list of hosting clients” and other… Read More

June 27, 2020 @ 6:22 pm By JD Alois  |  

  The Wirecard AG (WDI:DE) saga has gone from bad to worse as allegations of profound fraud cratered the company when its auditor, EY, uncovered a misplaced €1.9 billion in funds. Since the clear operational failure, the former CEO, Markus Braun, has been arrested and… Read More

June 27, 2020 @ 6:03 pm By JD Alois  |  

Billon Group has received a £50,000 grant to create an immunity certificate platform using distributed ledger technology (DLT). The funding came via a Fast Start Competition by Innovate UK. The goal is to speed up and support workers’ return to a safe workplace. Billon group… Read More

June 27, 2020 @ 2:23 pm By Omar Faridi  |  

France-based AI company ubble has acquired more than €10 million (appr. $11.2 million) in capital through a round led Breega and Partech and Breega. The funds raised will reportedly be used to develop ubble’s remote onine ID verification product which will include biometric facial recognition…. Read More

June 27, 2020 @ 12:03 pm By Omar Faridi  |  

Picture Wealth has finalized a A$12 million equity and debt funding round. The wealth management firm is planning to transform Australia’s financial advisory and superannuation sector. Picture Wealth has also acquired financial services licensee NEO Financial Solutions (NFS) for an undisclosed amount. Following the acquisition,… Read More

June 27, 2020 @ 10:57 am By Omar Faridi  |  

CoinList, a platform for conducting digital asset token sales, is planning to distribute Filecoin (FIL) tokens after the initiative’s mainnet goes live at some point in August 2020 or later this year. At the time of the mainnet launch, FIL tokens will be sent directly… Read More

June 26, 2020 @ 10:21 pm By Omar Faridi  |  

Lars Brünjes, the Director of Education at InputOutputHK, an organization that supports the ongoing development of Cardano (ADA), a blockchain-enabled solution for building and deploying decentralized applications (dApps), says that establishing solid parameter values and maintaining flexibility will be “key to the growth and ongoing… Read More

June 26, 2020 @ 9:18 pm By Omar Faridi  |  

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

June 26, 2020 @ 7:12 pm By Omar Faridi  |  

Cashless transactions continue to rise globally due to the COVID-19 outbreak, which has forced many world governments to enforce lockdowns and introduce safe distancing measures. Fintech expert Mohamed Okasha, co-founder and ex-managing director of Egypt-based Fawry Banking and Payment Technology Services, introduced a $25-million “Disruptech”… Read More

June 26, 2020 @ 11:12 am By JD Alois  |  

A year-long study by Stichting MKB Financiering, a think tank covering the alternative finance market, is reporting that SMEs raised €2.7 billion in The Netherlands in non-bank financing. The group states that the data proves that alternative finance has gone beyond the experimental phase “securely positioning itself… Read More

June 26, 2020 @ 10:34 am By Samantha Hurst  |  

On Thursday, former Treasury Secretary, Lawrence Summers, sat down with Circle CEO Jeremy Allaire on YouTube Live for a special edition of The Money Movement, a weekly interview series that explores the issues and ideas driving the world of digital money.  During the episode, Summers… Read More

June 26, 2020 @ 8:18 am By Omar Faridi  |  

The global AI in Fintech market was valued at about $6.67 billion last year and is now projected to reach $22.6 billion by 2025. As noted in ResearchAndMarket’s recent report, the AI Fintech sector is on track to expand at a CAGR of 23.37% from… Read More

June 26, 2020 @ 8:10 am By JD Alois  |  

Yesterday, it was reported that Wirecard AG (WDI:DE) had initiated bankruptcy proceedings as the company attempted to stave off a complete financial collapse created by a misplaced amount of funds totaling around €1.9 billion. Allegations of profound actions of fraud immediately followed as the former… Read More

June 26, 2020 @ 7:46 am By Samantha Hurst  |  

Fintech Scotland announced on Friday it secured  £22.5 million innovation funding for the Global Open Finance Centre of Excellence (GOFCoE) to be established in Edinburgh and the Central region. According to the organization, GOFCoE will provide a trusted environment for participants from around the world… Read More

June 26, 2020 @ 7:25 am By Omar Faridi  |  

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central… Read More

June 26, 2020 @ 12:15 am By Omar Faridi  |  

Fintech firms based in India and the United Arab Emirates (UAE) plan to continue working cooperatively in order to address key socio-economic changes and challenges resulting from the global COVID-19 outbreak. India and UAE’s financial hub Dubai aim to stay on top of major changes… Read More

June 25, 2020 @ 11:45 pm By Omar Faridi  |  

Ezra, a project that leverages its partner network to support global aid initiatives through Fintech and other emerging technologies, is planning to work cooperatively with mobile operators, NGOs, and various foundations and organizations in order to enable greater financial inclusion through digital platforms. Allan Green,… Read More

June 25, 2020 @ 11:10 pm By Omar Faridi  |  

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

June 25, 2020 @ 10:44 pm By Omar Faridi  |  

GREAT Eastern (Life Assurance), the largest life insurance company in Singapore and Malaysia, will be investing $70 million into Axiata Digital’s financial services business, in order to take part in the company’s Fintech-focused plans, according to Khor Hock Seng, group CEO at Great Eastern. The… Read More