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

Netherlands based Fintech Kinder Aims to Disrupt Complex Nature of Charitable Giving by Offering “Smart” Donation Tools

Amsterdam based Fintech firm Kinder has reportedly secured €500,000 in funding and may be planning to make an official announcement soon, according to Silicon Canals. The Fintech company could have raised more capital, however, some investors may have held back due to the economic challenges… Read More

UK’s Federation of Small Businesses Cautions that £1.5 Billion in Unclaimed COVID-19 Related Funding Might Go Back to Treasury if not Claimed Soon

Emergency COVID-19 funding or financial relief for companies in the UK will reportedly go back to the Treasury at the end of this month if it’s not claimed, the BBC reports. About four months after £12 billion in Coronavirus related funding was approved to help… Read More

UK SME Lender Funding Circle Is Reevaluating whether to Leverage Open Banking to Improve Customer Experience

Funding Circle lobby

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

Top Ethereum Projects by Developer Activity: Augur (REP), Band Protocol (BAND), Gnosis (GNO), Maker (MKR), Status (SNT), New Report Reveals

Santiment, which offers on-chain, social and curated information on over 900 cryptocurrencies, notes that, quite often, development activity is an “underrated” indicator of the success of a blockchain or digital asset project. Santiment believes that developer activity for crypto-related initiatives proves or shows the month-to-month… Read More

All-in-One, Interoperable DeFi Hub, Equilibrium, Partners Polkadot After Creating EOS based Lending Solution, and Stablecoin

Equilibrium, which describes itself as an all-in-one, interoperable decentralized finance (DeFi) Hub that lets users stake (cryptocurrencies) and earn, lend and raise liquidity “all in one place,” has partnered with Polkadot, a leading blockchain protocol that has been founded by Gavin Wood, an Ethereum (ETH)… Read More

Australian Neobanks Continue to Slash Interest Rates on Savings Accounts due to Economic Challenges Created by COVID-19

Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More

Honeycomb Investment Trust, which focuses on Alternative Financing, Seeks £1.5 Billion Merger with Pollen Street Secured Lending

Honeycomb Investment Trust (LON: HONY), a company specializing in investing in credit assets originated by non-bank lenders and other originators of various lending assets, mainly in the UK, is reportedly considering a potential £1.5 billion merger with Pollen Street Secured Lending (PSSL), in order to… Read More

Global Fintech Funding Surpasses $9 Billion in Q2 2020, More Merchants Accepting Payments from Digital Wallets Following COVID-19: Report

The Fintech sector managed to secure more funding, globally, during Q2 2020 than it did during the first quarter of the year, according to a recent report from CB Insights. The report noted that the Fintech industry in all major world regions, except for Asia,… Read More

Bitcoin (BTC) Is “Disproportionately” Favored by North American Investors as the Preferred Digital Asset Investment: Report

North America is reportedly the third-most active region in terms of the total cryptocurrency volume moved or transferred on-chain, right behind Western Europe and East Asia. According to a Chainalysis blockchain and digital asset market report: “Overall, North America-based [cryptocurrency] addresses accounted for 14.8% of… Read More

Digital Bank Revolut Is Leading the “Re-bundling” Race Among European Financial Technology Firms, Industry Professional Explains

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

BCB Group Forms Partnership With Circle For USBC Stablecoin Payments, Clearing, & Custody Demand

Global digital asset financial service company BCB Group announced on Thursday it has formed a partnership with U.S. fintech Circle. BCB reported that it will be implementing the full range of Circle platform functionality to improve the speed, efficiency, and cost of client payments as… Read More

Australia: Online Lender Prospa Recognized as Fintech

Prospa (ASX: PGL), an online lender operating in Australia and New Zealand, has been recognized as the Fintech Lender of the Year by the MFAA National Excellence Awards. This is the third year running that Prospa has received the accolade. Prospa also shares that some… Read More

Mortgage Fintech LendInvest Receives Top ARC Ratings

LendInvest, a digital property finance platform, has received the highest possible rating from a European ratings agency for the sixth year in a row, according to a note from the company. ARC Ratings is a regulated European credit rating agency registered with the European Securities… Read More

Global Payment Sector to Reach $2.7 Trillion in Value by 2023, with Blockchain or DLT Increasingly Being Used by Cross-Border Payment Solutions: Report

The global payment industry and ecosystem has been growing steadily. The sector is projected to be valued at $2.7 trillion by 2023. Some of the challenges faced by the payment industry include high transaction fees, inefficient cross-border transactions, poor or lack of interoperability between different… Read More

Poland’s mPay Partners with iDenfy to use its Biometric Facial Recognition Software to Complete KYC Checks Needed for Mobile Payments

Poland’s mPay has teamed up with iDenfy to use its biometric facial recognition software, (selfie) liveness detection, and ID verification tech, in order to take care of its Know Your Customer (KYC) compliance checks for processing mobile payments. The mPay app allows users to conduct… Read More

New Zealand’s Fintech Sector is Well Placed to Support Consumers with Managing their Finances, Industry Professional Claims

James Fuller, CEO and co-founder at Hnry, a New Zealand based online freelance accountancy company, claims that his firm has seen a significant increase in the number of new customers following the COVID-19 outbreak. In an interview with Channel Life, Fuller notes that since the… Read More

Starling Bank Loan Book Now Tops £1 Billion, Break Even in Sight by End of 2020

Starling Bank CEO and founder Anne Boden has published the Fintech’s annual letter as well as a trading report for July 2020, and there are some encouraging comments in the missive. Boden notes that since November 2019, the bank’s “performance has been strong.” In fact,… Read More

Assetz Capital Seeks £10 Million BCR Grant, Welcomes Turned Away P2P Investors Following RateSetter Exit from Sector

Assetz Capital, a peer to peer lender providing secured loans to businesses, has applied for a £10 million Banking Competition Remedies (BCR) Pool E grant, according to a note from the company. Assetz Capital states that it has submitted an application for Pool E that… Read More

Delta Exchange, a Cryptocurrency Derivatives Trading Platform, Launches Contracts on its ETH-MOVE and BTC-MOVE Products

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on August 6, 2020 that it’s launching monthly contracts on its ETH-MOVE and BTC-MOVE product. As explained by Delta Exchange CEO Pankaj Balani in an interview with CI: “MOVE contracts are… Read More

UK Fintech Banked Partners with British Airways on Avios Digital Rewards

Banked, a UK based payments start-up is partnering with British Airways Executive Club to allow people to collect Avios by using Banked when they checkout online. Avios is the “rewards currency” of the British Airways Executive Club – an old school digital asset. British Airways… Read More

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