Global

March 29, 2020 @ 7:31 pm By Omar Faridi  |  

Finantix, a technology products firm focused on banking, wealth management and insurance services, has published a report, which it authored in collaboration with WealthBriefing, a news, features and information source for the wealth management (Wealthtech) industry. The market research report, titled “Defining – and Delivering… Read More

March 29, 2020 @ 4:55 pm By Omar Faridi  |  

Global banking regulators released a statement on March 27, 2020 in which they noted that elements of the Basel III banking rules reform that have not yet been finalized will be delayed for at least a year, because of the coronavirus (COVID-19) outbreak. The release… Read More

March 29, 2020 @ 3:57 pm By JD Alois  |  

Just about all financial services firms have rushed to move operations to as much as possible to remote operations. For many Fintechs, the migration was fairly simple as many had established tech and protocols in place to operate in a virtual environment. For more traditional… Read More

March 29, 2020 @ 3:38 pm By Omar Faridi  |  

The US Department of Justice (DOJ) is alleging that several Venezuelan leaders and politicians, including President Nicolas Maduro, took advantage of their positions, financial systems, and virtual currencies to conceal and carry out criminal activity for more than two decades. An indictment released on March… Read More

March 29, 2020 @ 12:22 pm By Omar Faridi  |  

Fintech Zopa, which recently celebrated 15 years of operation, says that its services are up and running, even during the coronavirus (COVID-19) outbreak. Zopa, which provides online lending services in a fund based fashion, notes in a blog post that customers can access their loan… Read More

March 28, 2020 @ 9:00 pm By Xu Gao  |  

How Did the Chinese Fintech Industry Respond to COVID-19? With the outbreak of the COVID-19, more and more people and groups have joined the fight against it. Among the entities, Fintech companies are giving full play to their advantages in providing financial services, contributing technical… Read More

March 28, 2020 @ 7:59 pm By Omar Faridi  |  

Bulgaria-based payment companies, Paynetics, and phyre, have both finalized investment rounds, which were led by the Bulgarian American Credit Bank and VC New Vision 3. Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian… Read More

March 28, 2020 @ 1:30 pm By Omar Faridi  |  

Global money transfer service provider, Western Union (NYSE: WU), has launched a new feature called, “Digital Location,” which allows users to send and receive funds from their own homes. Western Union revealed that it’s testing out the combined telephone and video service, which allows users… Read More

March 28, 2020 @ 1:09 pm By Omar Faridi  |  

Munich-based Regtech firm DataGuard, which provides what it refers to as the General Data Protection Regulation (GDPR)-as-a-Service, has secured $20 million in capital through a Series A investment round, which was led by One Peak Partners. DataGuard assists firms with ensuring that their business complies… Read More

March 28, 2020 @ 8:58 am By Barry James  |  

Why we may not be surprised but we must be outraged! The banks are a danger to our society – and, according to the BIS (the Centralbank’s Central Bank)  an unnecessary one at that. The UK government has over the last two weeks taken unprecedented… Read More

March 28, 2020 @ 8:48 am By Omar Faridi  |  

A decentralized application (dApp) created at the University of Malta is helping Master students in Blockchain and Distributed Ledger Technologies to cast their votes for student representatives, for the very first time, using blockchain or distributed ledger tech (DLT). Dr. Joshua Ellul, director at the… Read More

March 27, 2020 @ 7:00 pm By Max Lyadvinsky  |  

Do you ever step back and consider how quickly tech has changed, well, everything? Better devices spurred better internet connection and new cultural contexts. It is almost hard to remember a time when people did not always have connected computers in their back pockets. The… Read More

March 27, 2020 @ 6:06 pm By Omar Faridi  |  

National Bank of Oman (NBO), one of the largest financial institutions in the country and its first local bank, aims to raise awareness regarding the importance of practicing safe banking during the coronavirus (COVID-19) outbreak. The NBO has taken several measures to ensure its clients… Read More

March 27, 2020 @ 4:17 pm By Omar Faridi  |  

Sydney-based Tyro Payments (ASX: TYR), an Australian Fintech institution that specializes in merchant credit, debit and EFTPOS acquiring, reports that its transaction volumes during the past three weeks have been steadily increasing. Tyro Payments notes that from March 1 to March 20, there was a… Read More

March 27, 2020 @ 3:44 pm By JD Alois  |  

LendInvest, an online property financing marketplace, has joined TMA. According to a note from TMA, the addition of LendInvest is the latest in a series of lenders the Club has partnered with, as it continues to develop its lending proposition for brokers with landlord clients. TMA… Read More

March 27, 2020 @ 3:26 pm By Samantha Hurst  |  

GrainChain, a U.S.-based agricultural transaction platform with blockchain and IoT-powered solutions, recently announced it plans to globally expand and scale its operations by moving to the enterprise blockchain platform, Assembly, which is operated by Symbiont, an enterprise fintech creating the next generation of financial markets… Read More

March 27, 2020 @ 3:05 pm By JD Alois  |  

Uncle Buck, a short term or payday lender, has gone into administration due to an action taken by the Financial Conduct Authority (FCA). The FCA posted a notice today that Uncle Buck was “failing to meet the adequate resources Threshold Condition.” The severity of the… Read More

March 27, 2020 @ 1:23 pm By Omar Faridi  |  

Block.one, a Cayman Islands-registered firm that developed EOS, a leading platform for creating decentralized applications (dApps), has been working on a new blockchain-enabled social media platform, called Voice, for more than a year. Block.one reports that it has invested $150 million in Voice, which was… Read More

March 27, 2020 @ 12:46 pm By Samantha Hurst  |  

Silicon Valley accelerator, Plug and Play, announced on Thursday the 167 startups chosen for their Summer 2020 Batches. Plug and Play reported the startups were selected by its corporate partner network and will enter one of the accelerator’s programs for the next three months, which… Read More

March 27, 2020 @ 12:20 pm By JD Alois  |  

Mt Pelerin, in partnership with ID Quantique (IDQ), has started testing its digital asset custody solution in Switzerland, according to a release The “Quantum Vault” is described as being an ultra-secure digital asset custody solution. In October 2019, IDQ and Mt Pelerin received funding from… Read More