Global

January 7, 2020 @ 10:15 am By JD Alois  |  

The former CTO and co-founder of Atom Bank, Paul Hanks, has joined Australia based DayTek Capital as a Technology Advisor. DayTek Capital reports that it is on track to launch “Infinity” within the first 6 months of 2020. Infinity seeks to become the first “product-disruptive… Read More

January 7, 2020 @ 9:19 am By Omar Faridi  |  

UK-headquartered Fintech firm TransferWise revealed on January 6 that it has introduced a new service that allows Singapore-based clients to receive money internationally via peer-to-peer (P2P) instant payment service provider, PayNow. Individuals based in Singapore will now be able to receive funds from overseas locations… Read More

January 7, 2020 @ 8:24 am By JD Alois  |  

Michael Redd, a former NBA star and Olympic gold medalist, has joined the OurCrowd backed ADvantage Sports Tech Fund. According to OurCrowd, Redd is an active venture investor having supported more than 85 companies. Redd will now focus on innovative opportunities shaping the future of… Read More

January 7, 2020 @ 1:32 am By Omar Faridi  |  

New research performed in the UK has revealed that fewer business-to-business (B2B) invoices were paid late in 2019 when compared to 2018. Construction company Kier Construction is among several firms that have benefited from the UK’s efforts to settle payments in a timely manner. The… Read More

January 6, 2020 @ 11:06 pm By JD Alois  |  

AngelHub says it continues to launch new securities offerings after the successful funding of its first two issuers. AngelHub is the only investment crowdfunding platform to receive regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong. Last spring, AngelHub was approved for… Read More

January 6, 2020 @ 2:25 pm By JD Alois  |  

CBDCs Could Disintermediate in a Structural Way the Banking System. The European Central Bank (ECB) has published a paper on Central Bank Digital Currencies (CBDCs).  CBDCs are the state form of stablecoins – cryptocurrency based off a single asset like the Dollar, Euro or Pound… Read More

January 6, 2020 @ 10:14 am By Omar Faridi  |  

Solidarity Bahrain, one of Bahrain’s largest insurance service providers and a subsidiary of Solidarity Group Holding, has reportedly launched its newly developed core insurance system, TCS BaNCS. The TCS BaNCS insurance platform is part of the foundation of Solidarity’s digital transformation plan and has been… Read More

January 6, 2020 @ 9:20 am By JD Alois  |  

Digital challenger Starling Bank is highlighting research that points to the burden of micro-businesses when it comes to managing financial admin demands. Starling notes that there are an estimated 5.6 million micro-businesses (0 to 9 employees) in the UK. According to the research, which surveyed… Read More

January 6, 2020 @ 8:22 am By JD Alois  |  

Seedrs, a leading investment crowdfunding platform in the UK and a trailblazer in online capital formation, has announced 2019 investment numbers. According to a release, Seedrs had a record-breaking year with the highest levels of investment than in all prior years. The investment activity was… Read More

January 5, 2020 @ 11:51 pm By Omar Faridi  |  

Luc Falempin, CEO at Tokeny Solutions, a compliant security tokenization platform, recently shared his views and insights with Crowdfund Insider. Tokeny helps mid-cap firms, investment banks, funds, asset managers and distributors to “dematerialize” assets on the blockchain, which allows them to reach a global audience,… Read More

January 5, 2020 @ 7:23 pm By Omar Faridi  |  

Fininbox, an established banking software-as-a-service (SaaS) provider, has identified three main Fintech trends or developments that helped shape the financial technology industry last year. According to Fininbox, the three trends are: artificial intelligence (AI) became increasingly important among Fintech firms, a large number of traditional… Read More

January 5, 2020 @ 1:48 pm By JD Alois  |  

Jon Medved, OurCrowd founder and CEO, has joined an illustrious group of leaders being recognized as one of 17 individuals who helped to define the last decade. OurCrowd is the largest investment crowdfunding platform in the world having raised over $1 billion since platform launch… Read More

January 5, 2020 @ 12:18 pm By Omar Faridi  |  

The number of Israel-based blockchain and crypto-focused startups increased by 32% last year, a December 30 report from the Israeli Bitcoin Association confirmed. The report noted that there were 150 active blockchain firms in the country in 2019. Toward the end of 2018, there were… Read More

January 5, 2020 @ 6:59 am By Xu Gao  |  

Ant Financial Applies for Singapore Digital Banking License On January 2nd, Ant Financial confirmed that it had applied a digital wholesale banking license in Singapore as an effort to promote the development of local digital banking and global financial inclusion. As early as November 19th… Read More

January 5, 2020 @ 6:45 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has announced that it will be supporting euro (EUR) trading against six major cryptocurrencies, as part of the global platform’s latest fiat-focused expansion. According to Binance’s latest blog post, the exchange enabled trading for EUR pairs at 8am on January… Read More

January 5, 2020 @ 6:42 am By Omar Faridi  |  

Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More

January 4, 2020 @ 9:21 am By Omar Faridi  |  

Augmentum Fintech PLC (LON:AUGM), an investment firm currently focused on the Fintech industry, recently revealed that it had invested £7.5 million (appr. $9.8 million) into UK-based online bookkeeping solution provider, Receipt Bank. Augmentum’s latest investment has come as part of Receipt Bank’s £55 million (appr…. Read More

January 4, 2020 @ 8:49 am By Omar Faridi  |  

Online app bank Koto Card says it’s preparing to launch in the United Kingdom this month. The digital banking app will let users apply for a free prepaid card and borrow as much as £400 (appr. $523) at one time, while paying 25p per day… Read More

January 3, 2020 @ 5:03 pm By Omar Faridi  |  

Puerto Rico-based digital bank First Finance International Bank (FFIBI) has reportedly partnered with the Australia-headquartered Seafarer Foundation, in order to offer online payroll and card services for the marine industry. By working cooperatively with FFIBI, the Australia-based foundation has launched a General Purpose Reloadable Multi-Currency… Read More

January 3, 2020 @ 4:51 pm By Cali Haan  |  

Jens Weidmann, President of Germany’s central bank (Bundesbank) and a governing councilor at the European Central Bank (ECB), told Handelsblatt this week that much needs to be understood before central banks should get into issuing a digital currency like Facebook’s Libra or Bitcoin, commonly referred… Read More