Global

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

Regtech Trulioo Instant Results Capability Improves Identity Matching by Nearly 60%

Trulioo, an identity platform with worldwide coverage for person and business verification, announced its instant results capability helped an enterprise organization increase verification speed by 56%. Trulioo claims in its latest update that instant results has reduced the organization’s average onboarding time by “two seconds… Read More

CoinList Shares Insights on Solana (SOL) Emerging as High-Performance Blockchain Network

Solana made waves in the cryptocurrency and web3 space when it launched on CoinList in 2020, reportedly selling 8 million SOL tokens at a clearing price of $0.22. Before that, CoinList claims that it had spent a year working closely with the Solana team on… Read More

Asia’s Financial Services focused Labor Productivity, Digital Technology Adoption Leading to Economic Shift – Report

Asia’s economies can embrace services in order to boost growth and productivity, according to an update from the International Monetary Fund (IMF). The latest report from the IMF noted that manufacturing has been the engine of growth in Asia, but a transition to “modern, tradable… Read More

Quantiphi and Google Cloud to Enable Enterprise Adoption of Generative AI

Quantiphi, an AI-powered digital engineering company, announced a multi-year partnership with Google Cloud to advance enterprise adoption of generative AI and expand its product, engineering and resources to address the demand for Google Cloud’s AI technologies. The partnership builds on the companies’ history of accelerating… Read More

Coinbase Derivatives to Launch Silver (SLR) and Stellar (XLM) Futures

Digital assets firm Coinbase (NASDAQ:COIN) whose share prices fell significantly this past week after announcing weaker than expected earnings also revealed that it will be rolling out Silver (SLR) and Stellar (XLM) Futures from Coinbase Derivatives. Coinbase, which remains the largest crypto exchange in the… Read More

European Digital Banking Challenger Lunar and Saldo Bank to Streamline Payment Solutions

Lunar and Saldo Bank have entered a partnership in order to transform Nordic banking and payment solutions. Lunar, the Nordic challenger bank, announces a partnership with Saldo Bank, a fintech and banking provider. Saldo Bank is reportedly the first banking institution to leverage Lunar’s Nordic… Read More

FLock.io to Enable Decentralized AI Model Development for Blockchain Apps with Animoca Brands

FLock.io, a platform for federated learning on blockchain, announced that it has entered into an MoU with Animoca Brands, the company driving digital property rights via NFTs and gaming to help build the open metaverse, to explore “co-creation opportunities” for domain-specific AI models using FLock.io’s… Read More

UAE’s Warburg AI Secures Fresh Funding to Boost AI Financial Services

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

Crypto.com Announces Acquisition of Broker-Dealer Watchdog Capital, LLC

Crypto.com announced recently the acquisition of a SEC registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This strategic acquisition should now enable Crypto.com’s new subsidiary to offer equities and equity options (among other things) to “eligible traders in the U.S.” Kris Marszalek,… Read More

Germany based Firms Increasingly Obtaining AI Solutions from Cloud Providers – Research Study

Artificial intelligence is increasingly finding its way into the cloud, according to a report from KPMG which revealed that 97 per cent of companies in Germany that use cloud services obtain their AI (artificial intelligence) solutions from cloud providers. The research report noted that the… Read More

UK Small Businesses Await Impact of Interest Rate Cuts as Revenue Growth Remains Modest – Report

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

Web3 and Crypto Security Incidents Reportedly Led to $147M in Losses in Past Month

In October of 2024, Web3 security incidents led to total losses of approximately $147 million. According to the comprehensive SlowMist Blockchain Hack Archive, 28 separate attacks resulted in about $129 million in losses, with $19.3 million later recovered. These incidents are said to have involved… Read More

Bitpanda Savings Plans to Simplify Digital Assets Investing Process

Bitpanda noted that October 31st marked World Savings Day, a global reminder to prioritize financial wellbeing. Bitpanda also mentioned in a blog post that while traditional savings accounts have been a fairly popular choice over the years, the current dynamic financial landscape offers more innovative… Read More

Crypto Lending Firm Nexo Now Serving as Digital Assets Wealth Platform

Sixteen years following the release of Bitcoin’s White paper, the fast-evolving cryptocurrency space has transformed in ways that perhaps early enthusiasts could hardly have imagined. This, according to a recent update from Nexo. Nexo explained that what started as pretty much an experiment in digitizing… Read More

Open Banking in U.S. Analyzed in Report

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

New Rules for Public Offer Platforms to Improve Access to Capital, Boost Crowdfunding Providers in the UK

Earlier this year, CI reported on a consultation in the UK on Public Offer platforms [POP]. This is part of an initiative to improve the capital-raising environment for firms in the UK. Currently, in the UK, issuers typically are capped at pursuing online securities offering… Read More

DriveWealth Focuses on Business Expansion Efforts with European Brokerage License from Bank of Lithuania

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license aims to support DriveWealth’s global expansion efforts and marks its third region with regulatory… Read More

African Fintech Moniepoint Raises $110M Series C

African Fintech Moniepoint has successfully raised $110 million in equity financing. The company was formerly known as TeamApt. The capital raised will accelerate Moniepoint’s growth across Africa, building an integrated platform for African businesses of all sizes. This platform will include services such as digital… Read More

Aquis Exchange, Cboe Europe to Introduce SimpliCT to Explore Bid for EU Equities Consolidated Tape

Aquis Exchange PLC, a creator and facilitator of next-generation financial markets, and Cboe Europe, a division of Cboe Global Markets, Inc., the derivatives and securities exchange network, are announcing their intention to form a joint venture which plans to explore a bid to “perform the… Read More

Chainlink Data Feeds to Reportedly Secure $6.5B+ in TRON DeFi TVL

TRON DAO, which claims to be the “community-governed” DAO dedicated to accelerating the decentralization of the internet via blockchain tech and dApps, and Chainlink, the “standard” decentralized computing platform, announced that Chainlink Data Feeds will become the official data oracle solution for the TRON blockchain… Read More

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