Global

November 27, 2019 @ 9:38 pm By Omar Faridi  |  

The company behind an Estonia-headquartered, Nasdaq-powered digital currency exchange DX.Exchange is reportedly halting its operations, after a petition submitted by its workers. CX Technologies, the Israeli firm that had been managing DX.Exchange’s operations, entered bankruptcy after 78 employees filed a petition against the exchange with… Read More

November 27, 2019 @ 2:37 pm By JD Alois  |  

Tarya Fintech, a “financial platform as a service (F-PaaS), has launched its services internationally, according to a release from the company. According to its website, Tarya is part of the Tarya Holding Group, an international company operating an alternative investment platform in Israel, with two… Read More

November 27, 2019 @ 1:05 pm By JD Alois  |  

Robo.cash, a short term consumer lender operating in multiple markets, says that consumers are becoming more confident about peer to peer lending. According to an in-house survey, 64.9% of the European P2P investors have “full confidence in P2P lending.” Additionally, 52.3% of respondents mentioned that… Read More

November 27, 2019 @ 12:45 pm By Omar Faridi  |  

Enfuce, one of the largest Fintech firms in Finland, has raised €10 million (appr. $11 million) via an investment round led by Maki.vc. The round included venture debt from Nordea, LähiTapiola, and Finnvera. Enfuce is one of fastest-growing Fintechs in the Nordic region. The company… Read More

November 27, 2019 @ 7:26 am By Omar Faridi  |  

France-based Fintech firm Particeep, an established editor of whitelabel internet-based distribution solutions and editor for financial products and services, has finalized a €1.2 million ($1.3 million) venture loan funding deal with La Banque Wormser Frères. Particeep’s latest funding brings the total capital raised by the… Read More

November 27, 2019 @ 7:12 am By Cali Haan  |  

Polish crypto exchange BitBay has announced it has, “end(ed) market trading support for Monero (XMR),” a privacy-enhanced cryptocurrency, because the coin can be used for money laundering: “Monero (XMR) can selectively utilize anonymity features among projects…The decision was made to block the possibility of money… Read More

November 27, 2019 @ 7:00 am By Omar Faridi  |  

Securitize, a globally accessible solution for developing compliant, blockchain-based digital securities, has reportedly completed another strategic fundraise in order to further develop its technology platform to “modernize the legacy securities industry.” The latest investment comes from SBI Investment, a subsidiary of Tokyo-listed SBI Holdings, Inc.,… Read More

November 26, 2019 @ 10:17 pm By Cali Haan  |  

Scams involving new financial technologies comprise a 110 billion yuan ($16 billion USD) industry in China, according to the publishers of three blue books covering the current state of Fintech, Regtech and blockchain in China. While producing some conveniences, new financial technologies like cryptocurrencies are… Read More

November 26, 2019 @ 9:47 pm By JD Alois  |  

In advance of a forthcoming referendum on Cannabis, over $6 million has been raised for medicinal marijuana startups in the past 18 months via investment platform PledgeMe. The New Zealand government is poised to determine whether marijuana should be legalized and regulated for recreational use…. Read More

November 26, 2019 @ 3:34 pm By Omar Faridi  |  

Rerbium, a platform that assists individuals in managing their wealth, recently introduced its waitlist for the United Kingdom. The company says its platform will go live during the first half of next year. Rerbium’s management notes that the company’s platform connects many different investment-focused Fintech… Read More

November 26, 2019 @ 8:32 am By JD Alois  |  

The UK Financial Conduct Authority (FCA)  will ban the mass marketing of “speculative mini-bonds” to retail investors beginning January 1, 2020. The FCA is banning these mini-bond promotions without a consultation by using its “product intervention powers.” The ban will be in place for 12… Read More

November 26, 2019 @ 8:05 am By JD Alois  |  

Challenger bank Tandem has partnered with TrueLayer in a move to better connect Tandem’s 800,000+ customers to synchronize their accounts to both High Street and other challenger banks. Truelayer is described as Europe’s leading provider of financial APIs. The integration supports all major European banks… Read More

November 26, 2019 @ 7:57 am By JD Alois  |  

OurCrowd portfolio company Alpha Tau Medical is an Israeli medical device company that focuses on research, development and commercialization of the Alpha DaRT for the treatment of solid tumors. The technology was initially developed by Prof. Itzhak Kelson and Prof. Yona Keisari from Tel Aviv… Read More

November 26, 2019 @ 7:36 am By Omar Faridi  |  

Following its successful launch in France, Orange Bank is further expanding its global operations with the introduction of a new branch in Spain. The financial institution aims to solidify its multi-service, diversification strategy by providing new mobile-based banking services. Launched on November 25, 2015 in… Read More

November 26, 2019 @ 12:36 am By Omar Faridi  |  

Bank ABC revealed on November 24 that it has introduced “ila” Bank, as the institution prepares to enter the digital, mobile-only banking sector, beginning with the Middle Eastern country of Bahrain. The initiative’s roadmap involves promoting the new platform across the Middle East and North… Read More

November 25, 2019 @ 10:06 pm By JD Alois  |  

VNX Exchange, a Luxembourg based Fintech, has officially launched. The token issuance and trading platform kicked things off with the issuance of its first asset-backed digital asset during the Global Venture Summit in Luxembourg. The launch ceremony was followed by a panel discussion on “Digital… Read More

November 25, 2019 @ 4:44 pm By Omar Faridi  |  

Several digital banks have been launched in Australia during the past few years. However, these direct banks that are 100% digital currently face challenges around awareness and consumer trust. This, despite millions of customers being dissatisfied with traditional banking services, according to the latest research… Read More

November 25, 2019 @ 1:39 pm By Cali Haan  |  

The CEO of cybersecurity firm Cyemptive Technologies says his company has found, “advanced back doors into practically all corporate networks.” The holes have been found in companies’ virtual private networks (VPNs), which, according to Cyemptive, are used, “by over 400 million consumers, businesses and government entities to securely… Read More

November 25, 2019 @ 1:35 pm By JD Alois  |  

India’s largest mobile payments company Paytm has confirmed a $1 billion funding round at a valuation of $16 billion. Last month, Crowdfund Insider cited a report that indicated Paytm was planning a $2 billion funding round with a valuation of $15 billion. According to a… Read More

November 25, 2019 @ 12:20 pm By Omar Faridi  |  

Offering more mobility and quicker financial services, challenger banks appear to be destined for success, however, the Irish consumers’ trust in new technology seems to be a major challenge to mass adoption. This, according to Fujitsu’s latest “From Demanding to Discerning: Tech and the New… Read More