Global

We find Fintech news from around the world and share it with you here.

Tether Announces Investment in Ledn, Enabling More Opportunities in Bitcoin Backed Lending

Tether, which claims to be one of the largest companies in the digital asset industry, announces an investment in Ledn, one of the global market leaders in consumer bitcoin-backed loans. The investment underscores Tether’s commitment to building real-world financial infrastructure that empowers individuals and businesses… Read More

British Business Bank’s Investor Pathways Capital Initiative Now Taking Microfund Applications to Support Fund Managers

The British Business Bank has opened applications for Microfunds as part of its new £400m Investor Pathways Capital initiative. Microfunds is dedicated to supporting very early-stage investors from a wide range of backgrounds in building investment track records and launching their first venture capital funds…. Read More

Kraken Announces $800M Round at $20B to Enable Business Growth

Digital assets investment platform Kraken is announcing that they have now raised $800 million across two tranches to accelerate our strategy of bringing traditional financial products on-chain. The crypto exchange also mentioned that the primary tranche has reportedly been led by investors Jane Street, DRW… Read More

Revolut Announces Integration of Polygon for Payments, Trading, Staking

Revolut, Europe’s neobank and reportedly one of the world’s fastest-growing fintech platforms, has integrated with Polygon for stablecoin transfers, payments, and trading. By November of this year, more than $690 million in volume was reportedly processed via Polygon in the Revolut app. With (reported) 65… Read More

UK’s Assetz Capital Announces £150M Facility from Cambridge and Counties Bank to Enable Property Development

Assetz Capital is pleased to announce a new partnership between their firm and Cambridge & Counties Bank (CCB), making £150 million available to fund SME residential developments across the UK. This collab brings together two UK lenders with shared values around steady growth, regional expertise,… Read More

Small Businesses in Australia Struggling to Keep Up with Larger Retailers, Report Reveals

Over half of small businesses (58%) say Black Friday has overtaken Boxing Day as Australia’s biggest sales or revenue-generating event, but significantly fewer are participating this year, due to affordability concerns in an increasigly tough economic environment. This, according to research from global small business… Read More

London Sees Sharpest Coworking Cost Decline in Europe as Living Costs Stabilize : bunq

A slowdown in cost increases across Western Europe, along with increasing prices in parts of Eastern Europe, is resulting in a more varied picture of affordability for expats as well as remote workers, according to European digital bank bunq’s research findings from the Working Abroad… Read More

Autumn Budget: More Support Needed for SMEs

The Autumn Budget will be presented next week on November 26th. Chancellor of the Exchequer Rachel Reeves has her work cut out for her as the UK is experiencing mediocre growth, sticky inflation, and high government debt. Expectations that some taxes may rise, but any… Read More

Revolut Announces Global Payments Partnership with Travel Platform Booking.com

Revolut, the global fintech currently claiming more than 65 million global customers and various business customers, has announced a global payments partnership with one of the world’s online travel platforms, Booking.com. Expanding Revolut’s travel offering for customers, Booking.com customers can now pay via Revolut Pay,… Read More

AI Is Enabling Digital Transformation of Finance and Key Business Processes : Analysis

Artificial intelligence (AI) is now becoming a key driver in accounting and is also said to be noticeably changing processes. Over half of companies (53 percent) currently use AI in this area or are “in the process of implementing it.” This is shown by the… Read More

FCA Approves Another PISCES Operator, JP Jenkins, as UK Looks to Improve Private Markets

The Financial Conduct Authority (FCA) has approved the second PISCES, or Private Intermittent Securities and Capital Exchange System, for JP Jenkins. The first platform approved was by the London Stock Exchange Group (LSEG) in September. PISCES is an initiative to improve the market for private securities… Read More

Swiss Stock Exchange SIX Reports CHF 1 Trillion+ in Global Assets Under Custody

The international custody business of SIX has now reportedly surpassed CHF 1 trillion in international assets under custody for the “first time” as the business claims that it is experiencing a solid year. Steady demand for SIX’s custody services was underpinned by the recent international… Read More

3Forge’s Robert Cooke Claims Banks are Wasting Resources as Significant Bank IT Spend Goes to Fixing Legacy Systems

  Robert Cooke, CEO of 3forge, recently shared some interesting insights with CI. The team at 3forge pointed out that currently, global banks run on billions of lines of legacy code, some even written half a century ago, and nowhere is that inheritance more visible… Read More

PayPal, KKR Extend Agreement for European Pay Later Receivables

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of a new agreement for an up to €6 billion replenishing loan commitment under which credit funds and accounts managed by KKR will purchase “up to €65 billion of buy now,… Read More

4.7 Million UK Investors Still Holding Paper Shares : Research

Research released by Euroclear’s UK CSD, Euroclear UK & International in collaboration with Thinks Insights & Strategy indicates that around 4.7 million individuals in the United Kingdom are still holding paper share certificates. The research follows the July release of the Digitisation Taskforce’s final report,… Read More

CBMT Working Group Introduces Sandbox for Tokenized Bank Money

The Commercial Bank Money Token (CBMT) Working Group announced the launch of the CBMT Sandbox, a test environment for banks and enterprises to pilot CBMT in institutional and corporate use cases. A launch session will be held on November 19 in Frankfurt. As part of… Read More

Viola Credit Introduces €300M Growth Lending Fund to Support European Tech Firms

Viola Credit, a global alternative credit asset manager with $4 billion in AuM to date, announced the launch of a Growth Lending fund dedicated to the European tech market. The fund, targeted at €300 million, has completed its first close with commitments from “a mix… Read More

Mastercard and Thunes Enable Stablecoin Payouts

Mastercard  (NYSE: MA) and Thunes, the money movement Fintech, have teamed up to accelerate global funds transfers for banks, payment service providers and end-users by expanding stablecoin wallet payout capabilities. Via this latest collab, announced at the Singapore Fintech Festival, Mastercard Move will facilitate near… Read More

MetaMask Introduces Multichain Accounts to Enhance Crosschain UX

Multichain Accounts for MetaMask are finally here. According to the web3 focused development team, this is a major change as to how accounts actually work in MetaMask, and it’s one that will now aim to simplify the crosschain (and blockchain interoperability) experience for end-users. MetaMask developers… Read More

Blockchain.com Has New Co-CEO, Opens US HQ in Dallas

Blockchain.com has a new co-CEO. Lane Kasselman will now serve as the chief executive officer, sharing responsibilities with Peter Smith, who will remain in the London Global Headquarters acting as CEO and Executive Chairman. At the same time, the company will open a new HQ… Read More

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