Global

June 5, 2018 @ 10:31 pm By Cali Haan  |  

According to China News Weekly, Xiao Wei, Chief Blockchain Scientist at Baidu, China’s Internet search giant, announced this weekend at a conference that Baidu has developed a high-performance “super chain” blockchain and will soon be, “completing a blockchain transformation of its own business.” The news follows… Read More

June 5, 2018 @ 12:10 pm By JD Alois  |  

    The Cambridge Centre for Alternative Finance (CCAF), at the Judge School of Business at Cambridge University, has launched their annual research initiative pertaining to the global alternative finance industry. While in years past CCAF has staggered the research, this year they are commencing… Read More

June 5, 2018 @ 11:28 am By Cali Haan  |  

On May 31st, Pavel Durov, CEO of private messaging app Telegram broadcast on Telegram that Apple was cooperating with a Russian government ban on the app and refusing to allow Telegram users across the globe to upload important updates at iTunes. “Apple has been preventing… Read More

June 5, 2018 @ 10:58 am By Erin Hobey  |  

With Money 20/20 comes exciting news! Case in point, Chainvine, a provider of cutting edge Distributed Ledger Technologies that develops bespoke, white label, blockchain platforms, is now publicly celebrating a £2.5M private equity investment from Deepbridge Capital. The platform works closely with management teams to create a… Read More

June 5, 2018 @ 10:35 am By JD Alois  |  

Hailo, an artificial intelligence (AI) company developing a proprietary chip for deep learning on edge devices, has closed on a $12.5 million Series A round. Investors include leading global crowdfunding platform OurCrowd, Maniv Mobility, the Drive accelerator fund, Next Gear, plus angel investors, Hailo Chairman… Read More

June 5, 2018 @ 10:09 am By Erin Hobey  |  

Fintonic, a money management and savings app operating in Spain and Chile, now counts BBVA as a partner. BBVA has signed up to be part of the Fintonic loans platform. Since launching six years ago with more than 760,000 aggregated bank accounts signed on, Fintonic… Read More

June 5, 2018 @ 9:46 am By JD Alois  |  

France decided earlier this year they wanted their country to be a destination of choice for initial coin offerings (ICO). The mission was outlined by Bruno Le Maire, the Minister of the Economy and Finance of France, who labeled cryptocurrencies a revolution. Now we have a… Read More

June 5, 2018 @ 9:33 am By Erin Hobey  |  

Adyen, the Dutch payments platform that recently usurped PayPal’s reign at eBay, announced its direct API integration with the Mastercard Account Updater service. Qualified merchants processing with Adyen globally can now increase revenue from card-on-file payments by automatically updating Mastercard accounts in real time.The direct… Read More

June 5, 2018 @ 8:16 am By JD Alois  |  

ThinkCoin has entered into a partnership with GMEX Group, a crypto exchange and post-trade solutions platform. ThinkCoin is in the midst of an initial coin offering (ICO) with a hard cap of $30 million. GMEX’s Fusion platform combines centralised trading systems with blockchain technology. GMEX… Read More

June 5, 2018 @ 3:04 am By JD Alois  |  

  collectAI has partnered with Hanseatic Bank. The collaboration was announced during the European Money2020 conference. Hanseatic Bank is a 75% subsidiary of the French bank Société Générale. It is one of the first banks to deploy collectAI’s B2B2C white label solution for digital payment… Read More

June 4, 2018 @ 11:22 pm By JD Alois  |  

In a speech delivered to an Australian Senate Committee meeting last week, James Shipton, Chair of the Australian Securities and Investments Commission (ASIC), told the members Australia can lead the way when it comes to Regtech adoption. Australia has a vibrant Fintech ecosystem that has benefited… Read More

June 4, 2018 @ 7:14 pm By JD Alois  |  

EOS creator Block.one, and SVK Crypto, a London-based investor in blockchain tech, have partnered on a US$50 million fund to fuel the growth and development of the EOSIO blockchain ecosystem – which was released in the wild just this past week. In December 2017, Block.one… Read More

June 4, 2018 @ 4:20 pm By Samantha Hurst  |  

On Monday, CEO of UK Fintech startup Revolut, Nik Storonsky, announced the company is now making plans to apply for a banking license in the U.S.. Revolut has previously announced its intent to expand into the US, along with other companies globally, but this is… Read More

June 4, 2018 @ 12:31 pm By JD Alois  |  

Lendix, a Paris based online lender that claims to be the number one SME lender in all of continental Europe, has received a new €32 million funding round for its European development. Investors in this round include Idinvest Partners, Allianz France and CIR S.p.A. (a… Read More

June 4, 2018 @ 8:59 am By JD Alois  |  

Norwegian Fintech Blockbonds has partnered with I&M Bank Rwanda on SPENN – a mobile banking app for both individuals and businesses. SPENN is said to be 100% “cost free” – including money transfers, cost free payments in stores and cost free cash out and deposit… Read More

June 4, 2018 @ 7:07 am By JD Alois  |  

Contis Group, an alternative banking, payments and processing provider, has partnered with Visa on the Fintech fast track program designed to provide Fintechs with access to payment card and banking capabilities while reducing client on-boarding times. Commencing in July, the program will initially focus upon… Read More

June 4, 2018 @ 6:47 am By Shaswat K. Das and Richard S. Garabedian  |  

Over the past few years, continued advancements in the payments industry and financial services technology have significantly expanded the way money financial transactions are processed and managed.  Banks and payment and technology firms are accelerating efforts to innovate and adapt financial services alternatives to meet… Read More

June 3, 2018 @ 4:48 pm By JD Alois  |  

Starling Bank, a digital only challenger bank, is providing its users an enhancement to Google Pay. Starling will be the first bank in the UK to offer users of Android phones the ability to setup Google Pay within the Starling app, through the use of… Read More

June 2, 2018 @ 5:08 pm By JD Alois  |  

The International Monetary Fund (IMF) has announced an expansion of its “High Level Advisory Group on Finance and Technology” to boost its Fintech efforts and expand its engagement with a broad range of public and private sector stakeholders. Under IMF MD Christine Lagarde, there is a recognition… Read More

June 2, 2018 @ 11:52 am By Xu Gao  |  

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More