Global

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

OKX Introduces OKX Lite to Make Crypto Trading, Earning More Accessible

OKX, which claims to be the world’s “second-largest” cryptocurrency exchange, announced the launch of OKX Lite, a simplified version of its trading app that “makes it easy for users to buy, sell, swap and put their crypto to work.” With a more streamlined look and… Read More

Saxo Bank Founder Invests €10M in Concordium Blockchain

Lars Seier Christensen, chairman of the Swiss non-profit Concordium Foundation and a global “pioneer” in FX and derivatives trading, has announced further investment in the ecosystem around Concordium Blockchain to the tune of 10 million Euros. Determined to help grow an ecosystem in which he… Read More

Account Takeover Fraud Is Now an Increasingly Common Online Crime: Report

Account takeover fraud is an alarmingly common type of online crime, which can “affect businesses and individuals alike,” according to an update from SEON. This form of attack tends “to occur when a fraudster poses as an established, genuine client of a business, or as… Read More

N26 Becomes First Neobank to Join Bizum

Bizum has arrived at N26. The online bank has announced that all customers with a Spanish IBAN can now “send, receive and request money through the popular mobile payments solution.” In addition, the online bank’s app will “incorporate the Bizum functionality to pay at partner… Read More

London’s Playter to Offer Up to £1M Per Year in Funding to UK SMEs

London-based start-up Playter is taking the BNPL space “by storm,” as they announce an increase in the amount of funding SMEs can access through their growth platform, “reducing business owners’ burn rates, increasing runway, and freeing up capital.” Up until now, Playter could offer up… Read More

Equity Management Firm Ledgy Finalizes $22M Series B Round

Yoko Spirig, Chief Executive Officer & Co-Founder at Ledgy, notes that the firm has raised a $22 million Series B funding round, led by New Enterprise Associates. The company’s CEO added that she’s delighted to share the news and that in the last few months… Read More

Fintech Raisin Moves into Crypto with New Service “Raisin Crypto,” Kicks Off in Germany

Raisin, a European savings optimizer service that also operates in the US, has announced Raisin Crypto with the new offering first being launched in Germany under the Weltsparen brand. Raisin operates in the US under the SaveBetter brand. The Berlin-based Fintech crypto offering is designed… Read More

Bambu Offers Wealth Management Predictive Planning Solution for Microsoft Cloud for Financial Services

Bambu, a global wealth technology provider, announced the launch of their Wealth Management Predictive Planning solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales. The service will “enable Relationship Managers (RMs), Financial Advisors, Agents and firms in the financial sector to identify… Read More

Online Investment Platform for Corporate Bonds – WiseAlpha, Announces Collaboration with Titan Wealth

WiseAlpha, a unique online investment platform providing individual investors with access to corporate bonds, has announced a partnership with Titan Wealth. WiseAlpha, based in the UK, enables fractional investments in corporate bonds. The platform holds a mission of democratizing the corporate bond market with its… Read More

Onfido Introduces Motion, the “Next-Gen” of Facial Biometric Tech, Improving Verification Speed

Onfido, the global digital identity verification and authentication provider, unveiled Motion, a next generation biometric liveness solution “to enhance its Real Identity Platform, launched in May.” Motion aims to “deliver seamless, secure, and inclusive customer verification and is iBeta Level 2 certified.” With a simple… Read More

Crowdfunding Firm DealMaker Named 3rd Fastest Growing Company in Canada, Reports Huge 500% Growth

DealMaker, a crowdfunding company based in Canada but providing services across the US, has been named the 3rd fastest growing company in Canada – reporting a huge 500% rate of growth. While based in Toronto, DealMaker reports 124 employees with a presence in both the… Read More

Finastra, Visa Announce BaaS Offering Integrating Visa Direct

Finastra and Visa ( NYSE: V) announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access “to more than two billion accounts through push to account offerings.” The new capability… Read More

London’s Weavr Updates Products with Apple Pay, Google Wallet Support for Embedded Cards

London-based Weavr announced an update that “adds a new level of convenience for cardholders to add their cards to Apple Pay and Google Wallet, improving digital security and card usage, and in turn fuelling transaction growth for embedded finance innovators.” The technology-first fintech has revealed… Read More

Quantum Computing: DTCC Releases Whitepaper Highlighting Quantum Security Risks

As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by today’s computers, it also has the potential “to disrupt entire industries and create significant new risks for financial firms by making even the most highly protected computer systems… Read More

Standard Chartered, Taulia to Advance Working Capital Management Solutions

Taulia, a provider of working capital solutions, and Standard Chartered (LON: STAN) have signed a memorandum of understanding (MoU) “to collaborate across a range of working capital finance solutions, with an initial focus on the provision of supply chain finance and dynamic discounting.” This marks… Read More

Dirty Money: UK Government Introduces Reforms to Pursue Money Laundering, Includes Crypto in the Mix

The UK government has introduced new legislation that is described as a move to counter those who abuse the UK’s open economy via money laundering or simply hiding ill-gotten gains. The Economic Crime and Corporate Transparency Bill is currently in Parliament, where it is scheduled… Read More

Higlobe Acquires $14M to Eliminate Global Fund Transfer Fees for the Workforce

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

Linked Finance Tops €200 Million in Online Lending for SMEs

  Linked Finance has topped €200 million in online lending in support of Irish SMEs. The Fintech reported that it had doubled its annual lending in less than 2 years. Linked Finance was launched in 2013 aiming to provide access to capital for Irish SMEs…. Read More

Goldman Sachs Expands Transaction Banking to European Union

Goldman Sachs (NYSE:GS) recently announced it is expanding Transaction Banking (TxB) to the European Union. Originally launched in the US in 2020 and expanded to the UK in 2021, this growth will deepen Goldman Sachs’ relationships “with existing clients who have banking needs in the… Read More

Bank of England Raises Rates by 50 bps, Biggest Hike in 33 Years

The Bank of England has raised interest rates by 50 basis points – the biggest leap in many years. The move by the BoE follows the US Federal Reserve’s anticipated 75 bps rate increase. The Bank of England said it maintains resolve to fight inflation… Read More

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