Global

June 9, 2020 @ 7:57 am By JD Alois  |  

Trade Ledger, a lending-as-a-service platform, has announced several new appointments, as well as the formation of an advisory board as it reports rapid growth. Trade Ledger says its customer base has risen by 1/3 already this year. Trade Ledger said in a release that it… Read More

June 9, 2020 @ 7:28 am By JD Alois  |  

Mirrorweb, a web archiving and monitoring solution used by financial services firms and governments, has been selected to participate in the Microsoft ScaleUp program, an exclusive initiative that grants a small number of high-growth companies access to Microsoft’s sales, marketing, and technical support. Mirrorweb shares… Read More

June 9, 2020 @ 7:14 am By Omar Faridi  |  

Republic Capital Group, a company focused on offering investment banking services to the registered investment advisors (RIAs), asset and wealth management communities, will reportedly make a strategic investment in Creativemass, a US and Australia based financial services software firm. Creativemass provides wealth management solutions via… Read More

June 9, 2020 @ 12:00 am By JD Alois  |  

TransferWise, a top Fintech and stealth bank, is making it even simpler to move money and make payments with a new feature that provides instant payments in more than 50 currencies both domestically and internationally. TransferWise’s millions of users who have a multi-currency account can… Read More

June 8, 2020 @ 11:43 pm By Omar Faridi  |  

Researchers at the Leiden Law School have argued that there’s currently a lack of clarity regarding the legal proceedings and investor rights if digital asset custodians become insolvent. Matthias Haentjens, Tycho de Graaf and Ilya Kokorin from Leiden Law School noted in a paper titled,… Read More

June 8, 2020 @ 9:30 pm By Omar Faridi  |  

Financial service providers and regulators are increasingly focusing on enabling and supporting instant payments, according to Juniper Research. The researchers note that the EU’s Single Euro Payments Area (SEPA) has “brought down settlement times significantly,” with the SEPA Instant Credit Transfer Scheme helping to reduce… Read More

June 8, 2020 @ 7:00 pm By Omar Faridi  |  

  Ross McEwan, a New Zealand banker and the CEO and MD at National Australia Bank (NAB), recently argued that, in his opinion and assessment, “permanent” change has “just been made in 10 weeks” in consumer behavior and their preference towards using digital banking platforms…. Read More

June 8, 2020 @ 4:54 pm By Omar Faridi  |  

Carlos Valderrama, managing partner at law firm Legal Paradox, reveals that there are about 640 active Fintech platforms based in Mexico. The trillion-dollar economy has introduced regulations that aim to support its booming Fintech sector. The nation’s authorities are currently reviewing applications from several financial… Read More

June 8, 2020 @ 1:42 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, recently announced it surpassed $1 billion in cryptocurrency deposits since its launch in 2018. This announcement comes just after Celsius announced it now has more than 110,000 active users using its platform.  As previously reported, Celsius claims… Read More

June 8, 2020 @ 1:10 pm By JD Alois  |  

Lemonade, one of the most prominent Insurtechs in the US, has filed an S-1 for an initial public offering (IPO) on the New York Stock Exchange (NYSE). Co-founded by CEO Daniel Schreiber and Shai Wininger, Lemonade seeks to disrupt the traditional insurance market with consumer-friendly… Read More

June 8, 2020 @ 11:00 am By JD Alois  |  

Per Capita Incomes to Shrink in All Regions as COVID-19 Health Crisis Crushes Economic Output The World Bank has issued a statement that the massive shock of the COVID-19 crisis and affiliated lockdown have plunged the global economy into a severe contraction. The World Bank… Read More

June 8, 2020 @ 10:36 am By JD Alois  |  

ForumPay, a point-of-sale provider based in Malta, is now offering a crypto-and-fiat interchangeable payment platform. ForumPay also enables customers to use any e-wallet or coin with which they choose to pay, without any need for physical contact, according to the company. Seamlessly accepting payments in… Read More

June 8, 2020 @ 10:11 am By JD Alois  |  

Fintech Raisin has distributed a report on European interest rates. Raisin provides a service that enables consumers to compare and select higher rate return savings accounts. Raisin notes that the savings rate has risen during the COVID-19 crisis, meanwhile inflation and interest rates are down,… Read More

June 8, 2020 @ 9:57 am By Omar Faridi  |  

Amsterdam based Fintech BUX, a retail brokerage company that announced a “soft launch” version of its digital asset exchange earlier this year, will be expanding its stock trading services into Austria and Germany. The commission-free trading app provider is introducing its investment platform, Bux Zero,… Read More

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

CapitalRise, an online platform for prime property lending and investing, has reportedly facilitated 37.5% more loan volumes during the first five months of 2020, when compared to its overall lending during its initial 18 months of operation. CapitalRise is a Fintech that previously raised growth… Read More

June 8, 2020 @ 8:02 am By JD Alois  |  

Folk2Folk, a peer to peer lender supporting local and rural businesses, is reporting £17.3 million in loans to SMEs during March, April and May – the midst of the COVID-19 induced lockdown. Folk2Folk states that during this period the total value of loans has increased… Read More

June 8, 2020 @ 7:42 am By Omar Faridi  |  

Berlin-headquartered Vivid Money, a digital banking service provider that’s supported by Russia’s Tinkoff Bank, launched on June 8, 2020 through a partnership with solarisBank and payments giant Visa. Vivid Money says it’s the first mobile-based, full-service banking solution, providing cashback incentives, sub-accounts in major foreign… Read More

June 7, 2020 @ 11:33 pm By Samantha Hurst  |  

UK-based online investment service Wealthify announced last week it has become a wholly-owned, but independently run, subsidiary within insurance and pensions giant, Aviva Group. Launched in 2016, Wealthify states it is investing made simple and it is on a mission to democratize investing by making… Read More

June 7, 2020 @ 7:07 pm By JD Alois  |  

As was previously announced, FICO or French-ICO has commenced trading on the Toulouse, France based cryptocurrency exchange Zebitex. French-ICO is a primary issuance platform for firms interested in raising capital via a digital asset offering. FICO was the very first initial coin offering (ICO) to… Read More

June 7, 2020 @ 5:53 pm By Omar Faridi  |  

The developers of Ethereum (ETH), the world’s largest smart contract platform, have been working for many years on the ongoing development of Ethereum 2.0 or Eth2, which is a major systemwide upgrade that will involve a transition from the current proof of work (PoW) consensus… Read More