Global

March 3, 2020 @ 12:40 pm By JD Alois  |  

nu:move a “hybrid estate agent” has easily topped its £150,000 initial goal on Seedrs after receiving direct pre-registered investments of £500k. According to a social media post, nu:move hit the £150,000 goal seven days before a public launch. So what does nu:move do and where… Read More

March 3, 2020 @ 10:23 am By JD Alois  |  

Most banks suck when it comes to moving money around internationally. Bogus rates and nosebleed fees = screw the customer. Transferwise has generously provided a solution for this problem with its bank-friendly API. Today, Transferwise has announced a new partnership with Activo Bank in Portugal…. Read More

March 3, 2020 @ 9:44 am By JD Alois  |  

No Snow, No Go Insurtech Setoo is now providing coverage for customers of Issta, the largest travel agency in Israel. In a “first of its kind” service, customers can now be protected against poor skiing conditions that can ruin winter holidays. Setoo is a “Protection… Read More

March 3, 2020 @ 9:25 am By JD Alois  |  

ePassi Payments Oy, a mobile payment solution for employee benefits based in Finland, has acquired its Swedish counterpart ActiWay Ab, according to a release. ActiWay is said to be the market leader for wellness allowance systems in Sweden. ePassi claims to be one of the fastest… Read More

March 3, 2020 @ 8:54 am By Omar Faridi  |  

Smart savers have increasingly been turning to all-digital banking platforms or neobanks. They’ve been depositing their savings into virtual accounts in order to benefit from highly competitive interest rates. According to the latest data from the Australian Prudential Regulation Authority (APRA), Judo Bank had been… Read More

March 3, 2020 @ 8:45 am By JD Alois  |  

Online lender LendInvest is now offering a green friendly initiative where Bridge-to-Let borrowers are now eligible to benefit from a cashback when they improve the EPC rating (or Energy Efficiency Rating) of a property during the term of their loan. LendInvest states that borrowers may… Read More

March 3, 2020 @ 8:22 am By JD Alois  |  

Online lending services like peer-to-peer, crowdlending, marketplace lending or direct lending, is predicted to hit $9.6 billion in transaction volume in 2020. A 10% year over year rate of growth, according to a new report. European Fintech loans are expected to hit 1.3 million by… Read More

March 3, 2020 @ 7:27 am By JD Alois  |  

Several weeks back at the annual Paris Fintech Forum, Crowdfund Insider had the chance to sit down with a representative from Birmingham in the United Kingdom. While London is well-known for being a global financial centre and leading Fintech hub, Birmingham is emerging as an… Read More

March 3, 2020 @ 7:07 am By Omar Faridi  |  

SMEcorner, an online lender for small and medium-sized enterprises (SMEs), has acquired $30 million in funding through a Series B round, which reportedly includes a combination of debt and equity.  SMEcorner is based in Mumbai, India. SMEcorner’s investment round was led by Paragon Partners, which… Read More

March 3, 2020 @ 7:02 am By Omar Faridi  |  

Malta-based crypto asset exchange Binance recently revealed that its fiat on-ramp for the Turkish Lira has officially launched.  Binance has teamed up with Akbank, one of the largest banks in Turkey, in order to introduce the new fiat gateway. Binance’s users in Turkey now have… Read More

March 3, 2020 @ 12:58 am By Omar Faridi  |  

UK-based banking challenger Starling Bank intends to use its Irish banking license to make its way into other European nations in the coming years, Anne Boden, the company’s CEO, confirmed. During a recent interview with IBS Intelligence, Boden, founder of Starling Bank, noted that the… Read More

March 2, 2020 @ 11:56 pm By JD Alois  |  

The US Department of Justice (DOJ) has charged two Chinese nationals with laundering more than $100 million in cryptocurrency as part of an exchange hack orchestrated by North Korean perpetrators, according to a release. The laundering allegedly took place between December 2017 and April 2019…. Read More

March 2, 2020 @ 7:18 pm By Omar Faridi  |  

Tarabut Gateway, MENA region’s biggest Open Banking platform, will be conducting a series of six different Open Banking Interactive Workshops, which have been designed to help individual consumers, banks and Fintech firms learn more about the new policy.  The first workshop will be conducted this… Read More

March 2, 2020 @ 5:40 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) has released a 138-page report which examines the latest trends in payments and Fintech, including tokenized or digital securities, central bank digital currencies (CBDCs), international transactions, and peer-to-peer (P2P) platforms.   Hyun Song Shin, head of research at BIS noted… Read More

March 2, 2020 @ 3:40 pm By JD Alois  |  

SFB Technologies, in partnership with Algorand, has launched the first “national digital currency” in the Marshall Islands labeled the Marshallese sovereign or SOV. The Marshall Islands has longed messaged its intent to pursue a digital currency. The SOV is said to circulate alongside the US… Read More

March 2, 2020 @ 12:23 pm By JD Alois  |  

This week the Paris Blockchain Week Summit was rescheduled due to the Coronavirus pandemic. Like many other event organizers, it is simply better to move dates than to hope for the best as the number of global cases grows. Originally, Paris Blockchain Week was scheduled… Read More

March 2, 2020 @ 8:28 am By JD Alois  |  

Thought Machine has raised $83 million in a Series B funding round, according to the company. Thought Machine is a “cloud native core banking tech firm.” The additional capital will help fuel the company’s mission to “transform banking” as it continues to build out its… Read More

March 2, 2020 @ 8:07 am By JD Alois  |  

Wombat, a Fintech that offers an app to make investing simple including fractional shares, has apparently gained the backing of a well-known investor Chris Adelsbach. According to a release, Adelsbach is said to be supporting a crowdfunding round currently active on Seedrs. Details on how… Read More

March 2, 2020 @ 7:40 am By Omar Faridi  |  

RippleNet, a distributed ledger tech (DLT)-enabled gross payments settlement network, allows banks and other financial institutions to securely perform cross-border transactions.  Developed by San Francisco-based Fintech Ripple, the decentralized RippleNet platform has been used to perform international transactions since 2012. The platform’s users might soon… Read More

March 2, 2020 @ 7:35 am By Omar Faridi  |  

Ireland-based DX, a Regtech firm focused on developing compliance software, aims to introduce flexible anti-money laundering (AML) checks and processes for Fintech companies. Simon Dix, a lawyer who previously worked at Germany-based digital bank Fidor Bank, has extensive experience dealing with AML compliance matters in… Read More