Global

February 28, 2020 @ 11:24 am By JD Alois  |  

iwoca, an online lender serving SMEs, has received significant backing from BNY Mellon Insight Investment. According to multiple reports, iwoca has received €100 million to provide funding for small businesses in Germany. Last year, iwoca expressed its intent to boost its presence in Germany, a… Read More

February 28, 2020 @ 10:39 am By JD Alois  |  

Recently, Seedrs received a nice recognition of sorts. A report by Beahurst crowned Seedrs as the UK’s Most Active Investor for 2019. In the past, Crowdcube has regularly received the title but during 2019, Seedrs booked 215 deals while Crowdcube came in at 191. As… Read More

February 28, 2020 @ 8:38 am By Omar Faridi  |  

Colombia-based Fintech Puntored confirmed recently that it plans to invest around COP$20 billion (appr. $6 million) into further expanding and strengthening its existing network of 75,000 payment points. Puntored’s financial services have been developed to make it easier for millions of people to conduct transactions… Read More

February 28, 2020 @ 8:15 am By JD Alois  |  

ClauseMatch, an Insurtech that was part of the inaugural Barclays accelerator programme, has integrated with Managing Agency Partners Limited (MAP), an underwriting agency in the Lloyd’s of London insurance market. According to a release, MAP is one of the first insurance companies in the UK… Read More

February 28, 2020 @ 7:18 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has teamed up with Shyft Network, the developer of a public blockchain protocol, in order to ensure that it is complying with updated Financial Action Task Force (FATF) financial market regulations. The Shyft Network was developed to offer a decentralized… Read More

February 28, 2020 @ 7:11 am By Omar Faridi  |  

Reserve banks, clearinghouses, global stock exchanges, payment processing service providers and law enforcement organizations based in Europe have teamed up in order to introduce a cybercrime information-sharing program. The goal of the project, called Cyber Information and Intelligence Sharing Initiative (CIISI-EU), is to protect the… Read More

February 28, 2020 @ 1:32 am By Omar Faridi  |  

Approximately 90% of small business owners and freelance workers in the UK say they might prefer using an all-digital bank, instead of a traditional brick-and-mortar bank. This, according to a new study published by research firm Capterra. The study revealed that although 23% of survey… Read More

February 27, 2020 @ 11:29 pm By Omar Faridi  |  

The Reserve Bank of New Zealand, or RBNZ, the nation’s central bank, has introduced real-time financial market infrastructures for its customers in the Asia-Pacific (APAC) region. The solutions have been developed by SIA, an Italian technology company. The solutions include a real-time gross settlement (RTGS)… Read More

February 27, 2020 @ 10:59 pm By JD Alois  |  

Leading SME online lender Prospa Group Limited (ASX:PGL) has published results for the six months ended 31 December 2019 (HY20). According to the Fintech, total loan originations for the 6 month period were $306.8 million, bringing originations for the calendar year (CY19) to $583.0 million,… Read More

February 27, 2020 @ 12:38 pm By Xu Gao  |  

PBC Releases “Financial Distributed Ledgers Technology Security Specification” On February 5th, the People’s Bank of China has released the “Financial Distributed Ledgers Technology Security Specification” (JR / T 0184-2020). The document specifies the financial DLT security system, including basic hardware, basic software, cryptographic algorithms, node… Read More

February 27, 2020 @ 11:49 am By JD Alois  |  

The Canadian Securities Administrators (CSA) is seeking comment on proposed harmonized rules for start-up securities crowdfunding, according to a note from the CSA. Online capital formation platforms and industry supporters have long chafed under fragmented investment crowdfunding rules. A call to action by certain thought… Read More

February 27, 2020 @ 11:27 am By Reece Mennie  |  

Recent analysis carried out by the National Housing Federation revealed an estimated 8.4 million people in England are living in unaffordable, insecure or unsuitable homes. The same data also shows that the housing crisis is affecting people from across all age groups and in every… Read More

February 27, 2020 @ 10:46 am By JD Alois  |  

Leading global crowdfunding platform OurCrowd will be participating in the forthcoming AIPAC Policy Conference highlighting the robust tech ecosystem in Israel. Since platform launch, OurCrowd has had over $1.4 billion in committed capital. Much of this money comes from smaller, individual investors but a growing… Read More

February 27, 2020 @ 10:21 am By Omar Faridi  |  

Italy-based FinecoBank, a Fintech service provider and private banking group, is expanding its exchange service hours for its UK-based users, who now have the option of trading different currencies 21 hours a day, 7 days a week. FinecoBank is also expanding its multi-currency accounts to… Read More

February 27, 2020 @ 7:26 am By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, has been awarded a banking license from Luxembourg’s financial regulator. Established in 2013, Banking Circle serves as an alternative to the high-cost traditional banking network. The company’s services aim to provide greater financial utility, allowing Fintech firms to gain… Read More

February 27, 2020 @ 7:19 am By Omar Faridi  |  

UK-based Featurespace, a firm that focuses on fraud prevention, confirmed on February 26 that Finland’s Enfuce, an open banking Fintech firm, will be using the Featurespace ARIC Risk Hub in order to protect its customers from online security threats. Established in 2016 by Denise Koskinen… Read More

February 26, 2020 @ 8:59 pm By Omar Faridi  |  

The South Korean government reportedly set up a help desk in Singapore in January 2020, in order to support Korean Fintech firms, as they continue to expand their business operations into Southeast Asia. This, according to Korea’s financial regulator, the Financial Services Commission (FSC). The… Read More

February 26, 2020 @ 4:13 pm By JD Alois  |  

Klarna, a point of sale financing platform, has posted its financial report for full year 2019. According to the numbers, top line revenue rose to SEK 7.1 billion versus year prior of SEK 5.5 billion. The increase in revenue was joined by a net income… Read More

February 26, 2020 @ 10:45 am By JD Alois  |  

The UK government has provided an update on its project to digitize home deeds. According to the government, the 7000th deed has been registered digitally in February. Many of the UK’s largest mortgage lenders are now using the service. HM Land Registry safeguards land and… Read More

February 26, 2020 @ 10:35 am By Omar Faridi  |  

Giant money transfer service MoneyGram reportedly received a total of $11.3 million from San Francisco-based Fintech firm Ripple during the third and fourth quarters of last year. As mentioned in the recently released US Securities and Exchange (SEC) filings, the funds received by MoneyGram may… Read More