Global

August 30, 2024 @ 6:05 pm By Omar Faridi  |  

Fintech Conotoxia has introduced cards for its business customers – with a new image. Companies can order multi-currency cards, which can be used to pay in more than 160 currencies worldwide and make payments in 23 without currency conversion. As noted in a blog post,… Read More

August 30, 2024 @ 6:01 pm By Omar Faridi  |  

Comun, a neobank that provides modern banking solutions to immigrants1 in the U.S., announced it has raised $21.5M in its Series A funding round led by Redpoint Ventures with participation from ANIMO Ventures, Costanoa Ventures, FJ Labs, RTP Global, and South Park Commons. The company,… Read More

August 30, 2024 @ 9:38 am By JD Alois  |  

SumUp has appointed a new CEO and CFO while announcing new board members. According to a note from the Fintech, Niall Mac an tSionnaigh is now CEO of SumUp Limited, the Irish operating company, and Alastair Nolan, previously the Group’s CFO Europe, will now serve… Read More

August 30, 2024 @ 8:46 am By Omar Faridi  |  

CME Group said it will further expand its cryptocurrency derivatives offerings by introducing Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin, these new weekly futures contracts “will be cash-settled to the CME CF Bitcoin Reference Rate New… Read More

August 30, 2024 @ 8:26 am By Omar Faridi  |  

Freetrade, the “commission free” investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs. With Sharegain, Freetrade was able “to launch its securities lending program with… Read More

August 30, 2024 @ 8:25 am By Omar Faridi  |  

UK’s business bank Allica has acquired bridging lender Tuscan Capital, representing Allica’s first foray into the bridging finance market. The Tuscan team, based across the UK, will eventually “integrate fully into the Allica team, benefitting from access to Allica’s funding base and distribution network.” Allica,… Read More

August 30, 2024 @ 8:21 am By Omar Faridi  |  

Over the last seven years, Nium has steadily grown its presence in Lithuania following the approval of its Electronic Money Institution (EMI) license by the Bank of Lithuania in 2017. The license has enabled the fintech “to better serve its European and global business customers… Read More

August 30, 2024 @ 4:44 am By Omar Faridi  |  

SmartStream, says it has launched a new version of the TLM Collateral Management solution. Version 7.0, developed in collaboration “with a tier-one bank customer, introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.” The expanded… Read More

August 29, 2024 @ 9:43 pm By Omar Faridi  |  

The Insurtech 50 is CB Insights’ annual list of the 50 most promising private insurtech companies in the world. This year’s winners are working on everything from AI assistants to embedded insurance. CB Insights has unveiled the third annual Insurtech 50 — a list of… Read More

August 29, 2024 @ 9:42 pm By Omar Faridi  |  

Aurem, a unified workplace wealth and benefits technology platform, announces its licensing by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a significant milestone in the company’s mission to connect the world for a better financial future. The company is… Read More

August 29, 2024 @ 9:40 pm By Omar Faridi  |  

CommBank and Telstra announced their anti-scam technology Scam Indicator has been expanded to cover landlines, to help detect suspicious calls in real-time, helping to avoid money being lost to scammers. The anti-scam technology, which was “conceived and developed in partnership with Quantium Telstra to help… Read More

August 29, 2024 @ 1:49 pm By Omar Faridi  |  

Jumio, a global provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced that it is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy… Read More

August 29, 2024 @ 12:02 pm By JD Alois  |  

Fintech Lemon says it will work with WiserFunding to improve its SaaS related lending decisions for SMEs. Lemon recently closed a pre-seed funding round of £500,000 to fuel its growth. The funding was led by SFC Capital, alongside Pitchdrive and SyndicateRoom. Angel investors participating included… Read More

August 29, 2024 @ 11:35 am By JD Alois  |  

dLocal and Grey have announced a partnership to pursue payments and transfers in emerging markets. Grey is a US start-up focused on providing global cross-border payments across the US, UK, Europe, Asia, and Africa. dLocal targets connecting merchants with consumers in Africa, Asia and Latin… Read More

August 29, 2024 @ 11:03 am By JD Alois  |  

Identity platform  Trulioo is reporting a “surge” in remittance-related transaction volume via its platform. The company says that it has experienced a 142% year over year increase in cross border payments that utilized its verification services. Digital payments and transfers are pretty much the norm… Read More

August 29, 2024 @ 10:36 am By JD Alois  |  

Crypto launchpad Gems is reporting having raised $198 million to “unearth genuine gems in the Web3 landscape. The Israel based entity explained the money will be divvied up among its first three projects. The launchpad is said to bring together a huge network of investors,… Read More

August 29, 2024 @ 10:24 am By JD Alois  |  

In a working paper posted yesterday, the Bank for International Settlements (BIS) posted a treatise on Novel risks, mitigants and uncertainties with permissionless distributed ledger technologies (DLT). The executive summary of the paper is brief, explaining: “Banks that transact on permissionless blockchains or similar distributed… Read More

August 29, 2024 @ 10:13 am By Omar Faridi  |  

During the first half of the year, CaixaBank expanded its mobile offices services to guarantee the financial inclusion to reach a total of 804 towns, “amounting to a 27% increase compared to the number of towns reached by the financial institution’s mobile offices service in… Read More

August 29, 2024 @ 8:36 am By Omar Faridi  |  

OKX Global Chief Commercial Officer Lennix Lai is pleased to share the release of their new research brief, “Digital assets as the new alternative for institutional investors: market dynamics, opportunities and challenges,” commissioned by OKX Institutional and authored by Economist Impact. This comprehensive study features… Read More

August 29, 2024 @ 8:28 am By Omar Faridi  |  

FloQast has announced the results of Market Study: The Role of Finance Automation in Reducing Stress and Retaining Talent in the DACH Region, the company’s latest research initiative. The survey explores the status of automation and digitalization “in finance and accounting teams in Germany, Austria,… Read More