Global

April 2, 2020 @ 8:08 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published its annual report for 2019. FINMA said that blockchain technology continued to “preoccupy FINMA intensively.” FINMA currently oversees over 29,200 financial services firms and products. FINMA said it is increasingly seeing the development of digital securities… Read More

April 2, 2020 @ 7:24 am By Omar Faridi  |  

Xinja, a an Australian digital bank, has selected Box (NYSE:BOX), a cloud content management provider, to help with improving its client interactions through the neobank’s mobile app. Xinja clients’ bank statements and account data will be sent via a portal that’s operated and managed by… Read More

April 2, 2020 @ 7:22 am By Omar Faridi  |  

Fintech TransferWise has revealed that there are now over 7 million people across the globe that are using the company’s services to move money from one country to another. Founded in 2010 in Estonia, TransferWise now supports over 1,600 different currency routes, helping people save… Read More

April 2, 2020 @ 7:20 am By Omar Faridi  |  

Belgium-based InvestSuite, a business-to-business (B2B) wealth technology (Wealthtech) firm, has secured an additional €2 million in seed funding. The firm’s current and new angel investors took part in the round. InvestSuite’s management and employees also made contributions, bringing the company’s total funding since its launch… Read More

April 2, 2020 @ 1:00 am By JD Alois  |  

Finturi, a Netherlands-based startup that leverages blockchain to power invoice financing, has received regulatory approval by the Dutch Authority of Financial Markets (AFM), according to a note from the firm. Launched in September 2018, Finturi uses technologies like blockchain and artificial intelligence (AI) to make… Read More

April 2, 2020 @ 12:52 am By Omar Faridi  |  

UK-headquartered Push Technology, a provider of real-time intelligent data streaming and messaging services, will offer a cloud-powered platform for API management, called Diffusion Cloud. The platform will be available at no extra cost for the company’s new and existing clients. Push Technology notes that it… Read More

April 1, 2020 @ 10:20 pm By Omar Faridi  |  

The Atomic Asset Exchange (AAX), a newly developed digital currency exchange that offers over-the-counter, spot, and futures trading, confirmed on March 31, 2020, that it will be introducing its native exchange token, called AAB. AAX aims to connect crypto to the larger, traditional financial system…. Read More

April 1, 2020 @ 3:15 pm By JD Alois  |  

Earlier this week, Monethera issued a rather brief statement via Twitter that it was ceasing all activities due to the COVID-19 outbreak. Details of the decision were said to be forwarded in an email to investors. Sorry to tweet this, but we are forced to… Read More

April 1, 2020 @ 2:54 pm By JD Alois  |  

Grupeer is the latest European peer to peer lender to shut down operations. Grupeer operates out of Latvia but also claims an office in Ireland. In a message posted on the site this week, Grupeer management claimed that the impact of the COVID-19 pandemic made… Read More

April 1, 2020 @ 9:38 am By JD Alois  |  

Habito, an online platform that streamlines the entire home mortgage process, has topped £4 billion in mortgage submissions, according to a Tweet from the company. Habito is a Proptech firm that was launched in 2016 “to end mortgage hell forever.” You have to love that…. Read More

April 1, 2020 @ 8:58 am By Omar Faridi  |  

Fintech firm Currencycloud, which facilitates international transactions for several large finance apps, has secured $80 million via an investment round backed by payments giant Visa. Headquartered in the UK, Currencycloud’s main business involves selling payment software to banks and Fintech companies, which they use to… Read More

April 1, 2020 @ 8:43 am By JD Alois  |  

Zeux, a mobile Fintech app enabling payments, zero-fee foreign exchange, investment and savings alternative options, has announced the launch of a physical VISA card. While Zeux may be paddling upstream, the company said the move was to satisfy the growing appetite for a ‘phygital’ –… Read More

April 1, 2020 @ 7:46 am By Omar Faridi  |  

Charities in the United Kingdom are currently experiencing major challenges due to the deadly Coronavirus (COVID-19) outbreak. Payments services provider Thyngs has partnered with the Charities Trust, in order to introduce a new way to assist the UK’s charities sector with raising funds from people… Read More

April 1, 2020 @ 7:41 am By Omar Faridi  |  

The planned introduction of Russia’s cryptocurrency laws and regulations have been delayed again, due to the Coronavirus (COVID-19) outbreak. Anatoly Aksakov, chairman at the Russian State Duma committee on financial markets, claims that the nation’s virtual currency law, the bill “On Digital Financial Assets,” has… Read More

April 1, 2020 @ 2:03 am By JD Alois  |  

Digital bank Starling Bank is now offering an “overdraft interest holiday” to personal account holders who are struggling financially due to the COVID-19 crisis. Starling Bank customers may apply for a three month interest holiday beginning today (Apri 1, 2020). Effectively, Starling will waive all… Read More

March 31, 2020 @ 10:25 pm By Omar Faridi  |  

Australia-based Gobbill, a fraud detection and payment automation firm, and AirPay, a Chinese mobile payment company, have integrated Alipay and WeChat payment functionality into a media platform, called Today Australia. The integration will allow users to make payments via a feature called “ToPay,” which comes… Read More

March 31, 2020 @ 10:19 pm By Omar Faridi  |  

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

March 31, 2020 @ 2:26 pm By Omar Faridi  |  

Huobi derivatives markets (DM), a trading platform that supports cryptocurrency futures and perpetual contracts, has introduced perpetual swaps, which are a new type of derivative product that allows users to better hedge risk and access leveraged arbitrage opportunities during volatile or unstable market conditions. As… Read More

March 31, 2020 @ 2:18 pm By Samantha Hurst  |  

Solar crowdfunding platform Ecoligo recently announced a new guarantee fund that will safeguard investors against potential COVID-19 impact. The fund will notably be initially funded with €50,000 from Ecoligo, which will cover payments that are upcoming in the next months.  Ecoligo also revealed the guarantee… Read More

March 31, 2020 @ 12:49 pm By Samantha Hurst  |  

FundedByMe, a multi-national investment crowdfunding platform, recently announced it is re-launching its donation-based crowdfunding services in order to help small businesses during the coronavirus (COVID-19) pandemic. The platform reported that in the suites of the financial crisis following the Coronavirus, many people, as well as… Read More