Global

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

DTCC Innovation Lead Jennifer Peve Appointed Head of Strategy and Business Development

Jennifer Peve, currently  Managing Director, Business Innovation at the Depository Trust & Clearing Corporation (DTCC), has been appointed as Head of Strategy and Business Development at DTCC. Peve has been leading the innovation charge at DTCC, an entity that processes over $2 quadrillion a year… Read More

Empty Mempools Coincide with Major Drop in Bitcoin Hashrate as Miners Migrate from China Following Stricter Regulations: Report

Cryptocurrency mining specialist Zack Voell notes that this month, Bitcoin mempools have been “emptying more frequently than usual” during the last 6 months. According to Voell, this short-term trend of empty mempools follows BTC’s price drop down to around $30,000 through the end of May… Read More

Edinburgh Fintech Aveni Acquires Investment to Support AI and Natural Language Processing Platform for Business Speech Analytics

Scottish Fintech firm Aveni has acquired a £1.1 million investment in order to establish an AI platform which is focused on supporting speech analytics for modern businesses. Aveni Detect reportedly uses the latest artificial intelligence and natural language processing (NLP) technologies in order to fully… Read More

Securitize Raises $48 Million in Funding Round led by Blockchain Capital, Funds Managed by Morgan Stanley

Securitize, Inc., a digital securities ecosystem platform, has raised a solid $48 million in a funding round that was led by funds managed by Morgan Stanley Tactical Value and Blockchain Capital. Said to be oversubscribed, the Series B found saw the participation of both new… Read More

BBVA Switzerland Adding BTC Trading Service for Private Clients Isn’t Good bec Banks’ Settlement Is Too Slow, Wall Street Veteran Argues

BBVA Switzerland has opened its Bitcoin trading service to all private banking customers. After six months of in-house testing with a certain group of users, BBVA Switzerland has decided to make its first digital asset trading and custody service accessible to all its private banking… Read More

UK’s P2P Lender Blend Network Explains how their Secondary Market Is Designed to Help Investors

The team at UK-based peer-to-peer lender Blend Network notes that many investors on their platform will know or are aware that they have a secondary market feature that lets lenders sell their loan parts “prior to the loan maturity.” The Blend Network team recently answered… Read More

Online Lender EstateGuru Reports that Estonia and Germany were its Most Active Markets in May 2021

The team at Estateguru, an online lending platform that offers retail investors the ability to back loans secured by property, reveals that it financed €16.8M worth of loans last month. As mentioned in EstateGuru‘s loan portfolio overview report, the most active markets were Estonia and… Read More

China Continues Bitcoin Mining Crackdown to Improve Capital Controls Enforcement, Enhance RMB Protections, Strength Digital Yuan Use-Case: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, recently noted that the Bitcoin market is continuing its consolidation pattern. As mentioned in an update from BitOoda, $30,000 has “proved to be a support level for now.”… Read More

Fintech Glint Says Most Savers Don’t Trust Banks

Glint Pay Services, a Fintech that is a regulated e-money firm and payments provider, says that savers don’t trust banks. According to Glint and an in-house survey of their users, 68% of savers no longer trust banks to protect their wealth and are searching for… Read More

Berlin’s Deposit Marketplace Raisin Is Expanding Business Operations into the US with MapleMark Bank Partnership

Berlin-headquartered deposit marketplace Raisin has officially launched its operations in the US by teaming up with its first partner bank. MapleMark Bank has reportedly become the first US-based banking institution to integrate Raisin’s Savings-as-a-Service software on its digital platform. By leveraging the technology, MapleMark customers… Read More

OceanDAO Launches 7th Round of Grants, valued at $224K, for Data Science, Developer, AI Research Projects

OceanDAO, a distributed autonomous organization supporting the Ocean Protocol, reveals that the 7th round is now open for submissions. More than $200,000 is being offered for Data Science, Developer, and AI Research projects according to a release shared with Crowdfund Insider. During its first six… Read More

AI Fraud Protection Firm Servicing Digital Goods nSure.ai Raises $6.8 Million Seed Round

Israel-based nSure.ai has raised a $6.8 million Seed round led by DisruptiveAI, Phoenix Insurance, Kamet (an AXA backed VC), Moneta Seeds and other individual investors. nSure.ai is a “predictive AI fraud protection company” that services digital goods such as gift cards, prepaid debit cards, software… Read More

Cross-Border QR Payments Linkage Established by Bank Negara Malaysia and Bank of Thailand

Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) recently revealed that they’ve introduced a cross-border QR payment linkage between the two countries. Under this linkage, both consumers and merchants residing in Malaysia and Thailand can make and receive instant, cross-border QR code payments…. Read More

Fintech Shrap, Provider of Change Card and App for Replacing Coins, Launches Pilots in the UK

A newly launched change card and app developed to replace coins by Fintech firm Shrap has introduced its pilot program – with the first two testing initiatives currently underway in Rochford in Essex and Denny in Scotland as part of the United Kingdom’s Community Access… Read More

European P2P Lender Bondora Reports that Cash Recoveries on Platform Continue to Climb

The team at European peer-to-peer lender Bondora reveals that their cash recoveries continue to climb. As noted in a blog post by Bondora (published on June 18, 2021), the month of May was another period of growth for the platform’s recoveries. Although the cumulative cash… Read More

Insurtech: Hellas Direct, a Tech-Driven Insurance Firm with Offices in Greece, Acquires €32M in Capital

Hellas Direct, a technology-driven insurance firm with business offices in Greece and Cyprus, reveals that it has acquired €32 million in capital as part of its latest funding round, bringing the total raised by the company to €56 million. Hellas Direct also welcomed the European… Read More

Remittance and Wallet App SendSpend Acquires E-Money Institution License from UK’s FCA

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

Chainlink to Offer Free Blockchain Developer Training for Writing Ethereum based Solidity Smart Contracts, Implementing Secure dApps

The team at Chainlink (LINK), the developers for decentralized Oracles and various other solutions for blockchain and smart contract platforms, are announcing that registration is currently open for Chainlink’s Summer 2021 Smart Contract Developer Bootcamp. The Chainlink team notes that the program is designed to… Read More

UK Fintech Glint Pay, which Aims to Make Gold Alternative Global Currency, Secures £2.2M+ via Seedrs

Glint Pay Inc., a subsidiary of the UK-based Fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, has secured 111% of its equity crowdfunding… Read More

QR Codes in Latin American Digital Banking: 2021 and Beyond

With the growing knowledge and adoption of digital banking, many consumers are still learning about the capabilities of contactless payments due to new perceptions of value, security, and availability, creating an ongoing challenge for merchants. Consumers are seeking out simplicity and instantaneous opportunities more than… Read More

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