Global

February 21, 2020 @ 11:10 pm By Samantha Hurst  |  

CapTable, a crowdfunding platform registered with the Brazilian Securities and Exchange Commission (CVM), recently reported that equity crowdfunding in Brazil has jumped from BRL 8.4 million in contributions in 2016 to BRL 79 million ($18.6 million) in 2019. According to Latin America Business Stories (LABS),… Read More

February 21, 2020 @ 4:34 pm By Omar Faridi  |  

JPMorgan, the largest bank in the US, and UK Aid confirmed last month that they would invest $15 million into the business operations of Catalyst Fund, a Boston-headquartered project accelerator which funds Fintech firms in order to support financial inclusion efforts in India,  Mexico, and… Read More

February 21, 2020 @ 4:30 pm By JD Alois  |  

The Centre of Finance, Technology and Entrepreneurship (CFTE) has announced that three courses—AI in Finance, Fintech Foundation and “Extrapreneurship” are now accredited by the Association of Corporate Treasurers (ACT). AI in Finance and Fintech Foundations’ syllabuses will jointly focus on current developments in Artificial Intelligence… Read More

February 21, 2020 @ 11:51 am By JD Alois  |  

LendInvest, a property finance platform, has funded a £12 million loan for a development by a repeat LendInvest borrower. LendInvest reports that the loan was funded in under 8 weeks. The borrower first became a client of LendInvest in 2017 and has now completed a… Read More

February 21, 2020 @ 11:12 am By Omar Faridi  |  

Digital Banking Banking challengers have been introducing innovative financial products in order to compete with traditional banks. Challenger or neobanks attracted $5.2 billion in funding last year, which is more than triple of what they received back in 2018 ($1.6 billion). Italy-based Nexi, a digital… Read More

February 21, 2020 @ 11:09 am By Omar Faridi  |  

SoftBank, a Japan-based global conglomerate holding firm with more than $283 billion in assets, is reportedly planning to invest $100 million, through its second Vision Fund, into Behavox, a UK-based company that uses artificial intelligence (AI) to monitor workers’ behavior at financial services firms. SoftBank’s management… Read More

February 21, 2020 @ 9:04 am By Omar Faridi  |  

Credit Suisse Asset Management’s Fintech growth equity division has acquired NorthPoint Technology, an asset management software and services company. The financial terms of the deal have not been shared publicly. Credit Suisse’s Next Investors group purchased NorthPoint’s software suite and technology consulting business from the… Read More

February 21, 2020 @ 8:40 am By Omar Faridi  |  

Coinbase Pro, the leading digital asset exchange’s trading platform for professional or highly-experienced traders, is planning to add support for Kyber Network’s KNC token by next week. San Francisco-based Coinbase’s management confirmed on February 20 that clients would have the option to deposit Kyber’s KNC… Read More

February 21, 2020 @ 8:05 am By Omar Faridi  |  

Sweden has reportedly begun piloting an electronic version of its national currency, the krona. The European nation’s government says that the e-krona is a step closer to its official launch as a central bank digital currency (CBDC). The testing of the country’s CBDC will go… Read More

February 21, 2020 @ 7:47 am By Therese Torris  |  

The French Crowdfunding Association (Financement Participatif France) and the French team of auditing firm Mazars just released the French 2019 Crowdfunding Barometer. This annual report analyzes the alternative financing facilitated by 58 marketplace platforms which represent the bulk to the French market. The report focuses… Read More

February 21, 2020 @ 12:25 am By Omar Faridi  |  

India’s residents will soon have the option to submit votes from outside their city of registration. The nation’s citizens will be able to use a blockchain-enabled platform to cast their votes. The Times of India reported on February 13 that Sunil Arora, the country’s chief… Read More

February 20, 2020 @ 11:21 pm By Omar Faridi  |  

India-based Paytm, an established payment gateway, has teamed up with ride-hailing app Uber in order to add credit and debit processing and will allow customers to easily perform card transactions. Uber will use the existing digital wallet integration with Paytm’s platform to offer riders a… Read More

February 20, 2020 @ 10:13 pm By Omar Faridi  |  

Australia-based digital bank Hay is the country’s latest fully app-based account provider to join the nation’s evolving digital banking ecosystem. As noted on the company’s website: “We are an Australian Fintech company that is building world-leading digital infrastructure from the ground up to provide Australians… Read More

February 20, 2020 @ 9:12 pm By Omar Faridi  |  

Banco Central de Brazil, the nation’s reserve bank, is planning to introduce an instant payments solution, PIX, in November 2020.  The Brazilian central bank noted on February 19 that the new instant payments platform will allow users to perform transactions using QR code technology. It… Read More

February 20, 2020 @ 8:48 am By Omar Faridi  |  

Israeli banks and other financial institutions in the country must not deny banking services to companies dealing in crypto-assets, Avichai Mandelblit, Israel’s attorney general, recently stated. Instead of denying banking services to crypto and blockchain startups, traditional financial service providers must carefully look into each… Read More

February 20, 2020 @ 8:03 am By Samantha Hurst  |  

Paysend, a UK-based global payments platform,  announced on Thursday the launch of its international mobile money account, the Global Account. According to PaySend, the Global Account’s main goal is to help consumers save up to £2 billion in currency conversions when spending money abroad or… Read More

February 20, 2020 @ 7:30 am By Omar Faridi  |  

Paxful, a leading peer-to-peer (P2P) Bitcoin marketplace, revealed that it processed more than $1.6 billion worth of global trading volume last year. India’s digital assets industry has been experiencing major challenges as the nation’s central bank, the Reserve Bank of India, has prohibited local banks… Read More

February 20, 2020 @ 2:31 am By Omar Faridi  |  

OTB Ventures (OTB), a VC fund focused on making strategic investments in technology firms based in central and eastern Europe, has introduced an early-stage tech fund, which is notably the biggest venture capital fund in the region. The fund has reportedly received $100 million in… Read More

February 20, 2020 @ 1:29 am By Omar Faridi  |  

LenDenClub, a peer-to-peer (P2P) lending solution provider, has teamed up with Singapore-headquartered CredoLab, an established developer of bank-grade online credit scorecards, which are based on mobile phone metadata.  LenDenClub has integrated CredoLab’s credit scoring system, called CredoSDK. The credit system will help the firm in… Read More

February 20, 2020 @ 12:27 am By Omar Faridi  |  

NICE Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has reportedly been chosen by TONIK, an Asian pure-play regulated digital bank, to develop its Essentials anti-money laundering platforms and also to assist in the creation of secure banking environments for… Read More