Global

February 19, 2020 @ 9:57 pm By Omar Faridi  |  

Bank of Singapore, the private banking arm of OCBC Bank (Oversea-Chinese Banking Corporation, Limited) (SGX: O39), has appointed Celine Le Cotonnec to the institution’s newly created role of chief data and innovation officer. Le Cotonnec will be reporting directly to Bahren Shaari, the CEO at… Read More

February 19, 2020 @ 10:00 am By JD Alois  |  

Coinfloor, the “UK’s longest-running Bitcoin exchange,” is targeting retail customers with a new push into consumer-focused trading and investing. In a release, the company said it wanted to make “Bitcoin buying boring” and banish the “Coin BS”. Coinfloor added that it will launch a range… Read More

February 19, 2020 @ 9:21 am By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a leading multinational firm focused on offering financial services technology platforms, has teamed up with Visa, Samsung and PayCore in order to test the use of consumer-grade smartphones as PIN-entry devices for retail sales transactions. The new capability can be accessed… Read More

February 19, 2020 @ 9:15 am By Omar Faridi  |  

Cere Network revealed on February 18 that it has formed a strategic partnership with Harmony in order to secure personally identifiable information (PII) and link to a fragmented data economy by “co-innovating” with Harmony’s developers and their zero-knowledge proving (ZKP) system.  According to a press… Read More

February 19, 2020 @ 8:20 am By Omar Faridi  |  

Major bank-to-bank messaging system Swift processed $40 trillion in messaging transactions back in 2018. Significantly, Swift handled $77 trillion in international payments messages via the gpi platform last year, which indicates that the demand for the program is becoming even more firmly established in the… Read More

February 18, 2020 @ 11:00 am By JD Alois  |  

Last week, Deloitte published an update on investment activity in the Fintech sector. In brief, the good news is that Fintech investments were at an all time high in 2019. The bad news shared by the report that the number of new Fintechs founded experienced… Read More

February 18, 2020 @ 9:36 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has signed a new agreement with Visa (NYSE: V) to help expand its worldwide business operations. Through the partnership, Rapyd will collaborate with Visa to offer fintech and payment services, in which… Read More

February 18, 2020 @ 9:31 am By JD Alois  |  

Equisafe, a digital asset platform for the issuance and management of investments, appears poised to launch in the US. According to an email update circulated by the platform, Equisafe is planning a launch event in New York City in March. Equisafe, a Paris based Fintech,… Read More

February 18, 2020 @ 9:09 am By JD Alois  |  

The Competition and Markets Authority (CMA) has issued a statement on Bottomline Technology’s purchase of the Experian Payments Gateway (EPG) business from Experian Limited. The purchased platform allows customers of Bottomline and EPG to make payments via the Bacs and Faster Payments Direct Corporate Access systems…. Read More

February 18, 2020 @ 8:48 am By Omar Faridi  |  

Malta-based digital asset exchange Binance’s Singapore division has applied for a new payments license under the city-state’s new Payment Services Act, which became effective on January 28, 2020. Changpeng Zhao, CEO at Binance, the world’s largest crypto-asset exchange in terms of adjusted trading volume, confirmed:… Read More

February 18, 2020 @ 8:18 am By Omar Faridi  |  

Laura Bygrave, the innovation and ventures lead at Deloitte Legal, confirmed on February 17 that the Big Four auditing firm’s legal division became the “exclusive” legal and professional services partner of “deep tech” Ph.D. entrepreneurship program Conception X. Bygrave, a former assistant director at Ernst… Read More

February 17, 2020 @ 11:51 pm By Omar Faridi  |  

Paris-headquartered Societe Generale, the third-largest bank in France and multinational financial services company, has invested €1.1 million in Mutumutu, a Czech online life assurance company that provides special discounts on premiums for people who maintain a healthy lifestyle. Founded in 2018, Mutumutu was established as… Read More

February 17, 2020 @ 11:45 pm By Omar Faridi  |  

SoftBank, a Japan-based global conglomerate holding firm with over $283 billion in assets, will reportedly be adding another $1 billion this year to its $5 billion Latin America Fund, which was launched last year. The Tokyo-headquartered company added $1.6 billion to the fund in 2019…. Read More

February 17, 2020 @ 10:43 pm By Omar Faridi  |  

Indonesia-based PT Pegadaian, a state-owned pawnshop, is reportedly planning to work with several Fintech firms in order to create digital financing solutions, which will help the pawnshop expand its business operations. PT Pegadaian’s management realizes the potential of the growing digital finance ecosystem and intends… Read More

February 17, 2020 @ 10:41 pm By Omar Faridi  |  

TALL Group of Companies, an established provider of secure digital and paper payment solutions and services, is working with several major banks in order to protect users from cheque-related frauds. The UK-headquartered company is teaming up with several large and small lending firms that will… Read More

February 17, 2020 @ 10:36 pm By Omar Faridi  |  

India’s financial technology sector is expanding rapidly, which has led to SEBI, the nation’s financial market regulator, to launch a regulatory sandbox. The sandbox program will assist local Fintech firms with testing out new products and services with a small group of users before introducing… Read More

February 17, 2020 @ 4:24 pm By JD Alois  |  

“The route to hell is paved with goodwill” starts the missive posted by FCoin (a crypto exchange) creator Zhang Jian who then goes on to reveal that “internal problems and technical difficulties” may mean a loss of between 7000 and 13,000 Bitcoin – or up… Read More

February 17, 2020 @ 3:55 pm By JD Alois  |  

The Central Bank of Russia issued a release this week indicating a pilot project leveraging blockchain for the issuance of “digital rights” has been completed. The intent is to allow the tokenization of goods, services, and other assets including securities. Draft legislation is expected soon…. Read More

February 17, 2020 @ 12:47 pm By Omar Faridi  |  

Ant Financial, an affiliated company of the Chinese Alibaba Group, is reportedly running the first international blockchain-powered payment service in Pakistan. This is a major milestone in the Asian nation’s journey to enable greater financial inclusion. Ant Financial is notably the world’s highest-valued Fintech firm,… Read More

February 17, 2020 @ 11:31 am By Omar Faridi  |  

Global money transfer service provider MoneyGram has introduced a new service that lets users send payments in real-time, however, the new platform notably doesn’t involve the company’s business partner Ripple (which acquired $30 million in MoneyGram shares at a high premium last year). MoneyGram’s management… Read More