Global

October 17, 2018 @ 1:36 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Wednesday it has done a full update of its Ping An Cloud. The company reported the Cloud is entering a new phase of offering cloud services to external customers. As previously reported, Ping An is considered one of the largest… Read More

October 17, 2018 @ 11:42 am By JD Alois  |  

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

October 17, 2018 @ 11:04 am By JD Alois  |  

Recently, KPMG and Financement Participatif France (FPF – The French Crowdfunding Association) published a report pertaining to crowdfunding sector performance during the first half of 2018. The term crowdfunding relates to both debt and equity online capital formation, similar to many other parts of the… Read More

October 17, 2018 @ 9:00 am By Cali Haan  |  

The Maldives Monetary Authority (MMA) has, “caution(ed) the general public on the use of crypto currency and other virtual currencies,” in the small archipelago nation lying southwest of Sri Lanka in the Indian Ocean, though the overall status of cryptocurrencies there remains grey. The press release… Read More

October 17, 2018 @ 8:43 am By JD Alois  |  

Two GTR Ventures portfolio companies have joined to create a blockchain application designed to eliminate invoice financing fraud. The two Fintechs, global invoice discounting platform Incomlend, has adopted Invoice Check – a blockchain application developed by Trade Finance Market (TFM). The companies state that invoice… Read More

October 17, 2018 @ 8:16 am By JD Alois  |  

Corviglia Capital Fund, created by two European entrepreneurs – Petr Šmída and Cezary Smorszczewski, has announced  a$500 million Fintech focused fund to back later stage Fintech companies. Corviglia says it intends to deploy half of the fund in the first three years. Šmída has a… Read More

October 16, 2018 @ 10:28 pm By JD Alois  |  

Ping An Insurance Group held an investor day in Shenzen this week. Ping An is one of the largest financial companies in the world. The firm boasts 179 million customers along with 485 million internet users. The company trades on both the Hong Kong and… Read More

October 16, 2018 @ 6:08 pm By JD Alois  |  

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

October 16, 2018 @ 2:40 pm By Samantha Hurst  |  

Bitfinex, a digital asset trading platform, announced on Tuesday the launch of its improved fiat deposit system. According to Bitfinex, the new process will allow KYC-verified users to initiate deposits across USD, GBP, JPY, and EUR. The company revealed last week that it decided to temporarily… Read More

October 16, 2018 @ 11:48 am By JD Alois  |  

Sense Education, an Artificial Intelligence (AI) solution for student submissions, has been selected as the top Edtech Startup at South Summit’s 2018 enlightED competition. The company was said to be chosen from 600 of the world’s most promising Edtech firms receiving the “Best Technology Solution for… Read More

October 16, 2018 @ 8:40 am By JD Alois  |  

Wadiz, the largest crowdfunding platform in South Korea, has shared a recent report on equity crowdfunding that indicates a growing marketplace. Online capital formation was first legalized in Korea in January 2016 by legislation that created amendments to the Capital Markets Act. Presently, there are… Read More

October 16, 2018 @ 6:42 am By Erin Hobey  |  

OnDeck (NYSE: ONDK), a small business online lending platform, has introduced ODX, a new company that will focus on helping banks digitize their small business lending process.  ODX will operate as a wholly-owned subsidiary of OnDeck. “OnDeck is a pioneer of online lending to small… Read More

October 16, 2018 @ 6:07 am By Erin Hobey  |  

Last week UK fintecher Tandem launched its second credit product, Journey Credit Card. Now, in addition to the digital banking platform’s recent  auto-saving rules, customers may block their card’s purchases in real time without having to go through a formal cancelation process. Tandem said that this new… Read More

October 16, 2018 @ 3:16 am By Erin Hobey  |  

Launched to create an open source platform for the free and fair exchange of data utilizing blockchain, Streamr continues to thrive, having recently partnered with Japan-based AI platform Daisy AI, CRYPTICS, HPE, Fysical, won the Plug and Play Global Innovation Award for Performance from innovation platform STARTUP AUTOBAHN,… Read More

October 15, 2018 @ 10:46 pm By Cali Haan  |  

Binance, the world’s largest cryptocurrency exchange by volume, announced this morning that it has begun accepting registrations at its Binance Uganda exchange. “Users are now able to complete full account verification in the User Center after logging in,” says a company announcement regarding the launch…. Read More

October 15, 2018 @ 8:32 pm By Cali Haan  |  

The Central Bank of Zambia has issued a press release warning locals that it is the only body with the legal right to issue currency in the country. Cryptocurrencies in Zambia, therefore, are neither, “overseen, supervised nor regulated,” by the bank and should only be… Read More

October 15, 2018 @ 2:29 pm By Cali Haan  |  

International banking and investment conglomerate Barclays has suspended its internal study into the possible creation of a cryptocurrency trading desk within the organization, according to a story in Financial News London. Earlier this year, rumours surfaced that Barclays had assembled a team of four executives tasked… Read More

October 15, 2018 @ 11:00 am By Barry James  |  

On the brink of Brexit, whatever happens, and as the USA cedes it, Britain can – and should – be again providing leadership at a historic turning point for the world. However, despite warm words and good intentions, we have started shooting ourselves in the… Read More

October 15, 2018 @ 10:59 am By Cali Haan  |  

Starting in December, all payments sent by Visa users to forex, binary, crypto and ICO brokers will be designated “high risk,” Finance Magnates reports. Mastercard has already been imposing a similar designation since last April, when they extended the chargeback period for payments sent to “high-risk… Read More

October 15, 2018 @ 8:38 am By JD Alois  |  

Tech icon and Apple co-founder Steve Wozniak is diving further into the blockchain arena by co-founding EQUI Global – a firm that is described as a “global game changer” that will disrupt venture capital. Wozniak, or the Woz, is joining several high profile individuals including… Read More