Global

February 19, 2025 @ 9:45 pm By Omar Faridi  |  

Grupo Bolsa Mexicana de Valores (BMV) and IPC, a company in technology and services related to financial markets, announced the signing of an agreement to launch the Beeks’ technology infrastructure. The deployment includes primary and disaster recovery sites in Mexico City, providing “a secure solution… Read More

February 19, 2025 @ 9:44 pm By Omar Faridi  |  

In a key move for Egypt’s automotive market, Dubizzle Group, the UAE-based tech platform behind some of the MENA region’s most widely-used classifieds platforms, such as dubizzle, Bayut and Drive Arabia, has acquired Hatla2ee, one of Egypt’s leading online car marketplaces. With this latest acquisition,… Read More

February 19, 2025 @ 5:23 pm By Omar Faridi  |  

Donald Trump’s first 30 days of his second term as President of the United States have been quite eventful. To mark the occasion, Saxo Bank spoke to Trump’s former Communications Director, Anthony Scaramucci, to get his take on Trump’s first month. Scaramucci is probably best known for… Read More

February 19, 2025 @ 5:10 pm By Omar Faridi  |  

Daniel Gorfine, Founder & CEO, Gattaca Horizons LLC, is pleased to join J. Christopher Giancarlo and Brian Peters in co-authoring a piece in the Milken Institute Review that makes the case for payments modernization in the U.S. As noted in the paper, over the past… Read More

February 19, 2025 @ 1:26 pm By JD Alois  |  

VC math, or valuations of private firms, has long been more of an art than a science. The friction between investors and firms raising capital is well known. Too low, and money is left on the table. Too high and a future down round, or… Read More

February 19, 2025 @ 12:55 pm By Omar Faridi  |  

A new research report presents the outcome of a detailed study undertaken by IBM Promontory for the European Commission on embedding supervision in the decentralized finance (DeFi) ecosystem. The project comprised four different phases: identifying use cases and protocols to assess, defining elements of comparison… Read More

February 19, 2025 @ 12:51 pm By Omar Faridi  |  

Software as a Service (SaaS) cloud banking platform Mambu announces a partnership with Ibercaja Banco, one of Spain’s financial institutions, to launch a consumer finance entity in early 2025. The partnership underscores Mambu’s expertise in enabling incumbent banks to develop consumer-focused solutions “with speed, agility and innovation… Read More

February 19, 2025 @ 12:50 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Feedzai, an AI solution provider in financial crime prevention, announced they are joining forces to make it easier for banks to identify and stop scams. As payments continue to evolve, fraudsters are increasingly “using AI to scam consumers.” This cost more… Read More

February 19, 2025 @ 12:47 pm By JD Alois  |  

The UK Financial Conduct  Authority (FCA) and Payment Systems Regulator (PSR) have published a statement on the rise and usage of digital wallets. The two regulators note that the use of digital wallets has grown in recent years, with card transactions using a digital wallet… Read More

February 19, 2025 @ 11:14 am By JD Alois  |  

B2B payments firm Two and Avarda, a white-label B2C company, will partner on a “fully integrated white-label payment solution tailored for both businesses and consumers in the Nordic e-commerce market.” It was not immediately clear if the two firms were forming a strategic alliance or if they were… Read More

February 19, 2025 @ 10:58 am By JD Alois  |  

Trustfull has announced the launch of Domain Intelligence, a package of services that aims to prevent fraud and enable identity verification all powered by artificial intelligence. Based in Milan, Trustfull was created to support businesses by leveraging OSINT-based fraud prevention solutions. Created in 2020, Trustfull… Read More

February 19, 2025 @ 9:40 am By Omar Faridi  |  

OKX is reportedly among the first MiCA-licensed global crypto exchanges to passport its services across Europe. This is considered to be a key milestone for their company and the crypto community in the European Economic Area (EEA). OKX now reportedly offer regulated, localized crypto services… Read More

February 19, 2025 @ 9:00 am By Omar Faridi  |  

Zodia Custody, a digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust, recently partnered with Kiln, an enterprise-grade staking service provider. This allows its institutional clients to benefit from Kiln’s staking services, providing institutions greater flexibility. Zodia Custody’s clients will now have access to… Read More

February 19, 2025 @ 8:22 am By Omar Faridi  |  

Bluefin reports that it has achieved the German Banking Industry Committee’s (GBIC German: Deutsche Kreditwirtschaft) Girocard certification on the Newland NPT N950 AIO smartPOS terminal. This certification reportedly enables German merchants to adopt SmartPOS devices while “simplifying Girocard payment acceptance through Bluefin’s TECS Engine, a… Read More

February 18, 2025 @ 11:13 pm By Omar Faridi  |  

Jazari has reportedly teamed up with Bud Financial to enhance Remit Now, Pay Later services, making remittances more accessible for migrant workers. Jazari, the UK-based Fintech, is behind the ‘Remit Now, Pay Later’ platform. By integrating Bud’s AI-powered financial data platform, Jazari is set to… Read More

February 18, 2025 @ 10:36 pm By Omar Faridi  |  

EBANX, a Payment Service Provider (PSP) specializing in emerging markets, today announced that EBANX Pte. Ltd. has been granted In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license supports two types of payment services in Singapore… Read More

February 18, 2025 @ 3:33 pm By Omar Faridi  |  

Standard Chartered Bank (LON: STAN), Animoca Brands, and HKT have entered into agreements to establish a joint venture with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue “a Hong Kong… Read More

February 18, 2025 @ 3:18 pm By Omar Faridi  |  

Checkout.com, a global digital payments company, announces its partnership with Vinted, Europe’s online marketplace for second-hand fashion. With members across 20+ countries, Vinted is enhancing the second-hand fashion industry by “empowering individuals to buy and sell pre-loved items with ease through its digital platform.” Through… Read More

February 18, 2025 @ 3:12 pm By JD Alois  |  

Coinshares (CNSRF) reported a net profit for Q4 2024 of £31.9 million. Total assets under management were £5.495 at the end of the quarter. Net profit for the full year ending in December was £104,374,023. Coinshares said that Q4 2024 marks one of its strongest… Read More

February 18, 2025 @ 12:31 pm By Omar Faridi  |  

Qme, a B2B SaaS startup based in Egypt, has reportedly acquired $3 million in a seed funding round that was led by AHOY, a multisector tech company, along with angel investors from the GCC. Qme is an AI-enhanced platform addressing a key issue in MENA,… Read More