Global

July 29, 2024 @ 11:24 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement affirming its mission to simplify and reduce the cost of firms in need of growth capital. The FCA seeks to reduce the burden on businesses raising money. The announcement follows the new “Consumer Duty,” which… Read More

July 29, 2024 @ 8:33 am By Omar Faridi  |  

Nansen has introduced their ETH ETF Dashboard with real-time tracking of ETF holdings and ETH inflows. Nansen are pleased to officially announce the launch of their public ETH ETF dashboard that allows anyone “to monitor and track real-time ETF balances and ETH ETF onchain flows… Read More

July 29, 2024 @ 7:45 am By Omar Faridi  |  

Oracles have become the Achilles Heel of DeFi – their failures represent the root cause of most hacks. Despite the critical role that the oracle layer plays, innovation within the space has alarmingly lagged behind the broader DeFi ecosystem’s meteoric growth since blockchain’s inception. While… Read More

July 29, 2024 @ 7:39 am By Omar Faridi  |  

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index. The Pension Confidence Indicator score “surged to +30 immediately following the General Election, up from +22 in March 2024 and significantly higher than -10 in December 2023 and -9… Read More

July 29, 2024 @ 7:36 am By Omar Faridi  |  

XDC Network, the “enterprise-ready” blockchain for global trade finance and RWAs, is pleased to announce its collaboration with Deutsche Telekom MMS. Deutsche Telekom MMS is a subsidiary of Deutsche Telekom, which is said to be “one of the world’s leading integrated telecommunications companies.” The collaboration… Read More

July 29, 2024 @ 7:34 am By Omar Faridi  |  

One Trading, a European crypto-asset exchange, has reportedly been granted an Organized Trading Facility (OTF) License by the Dutch financial market regulator. This license establishes One Trading as “a MiFID II trading venue and marks a significant milestone in the company’s multi-year journey with the… Read More

July 28, 2024 @ 11:43 pm By Omar Faridi  |  

Zafin, the provider of SaaS core modernization and transformation solutions for banks announces that Rabobank a multi-national banking and financial services company, headquartered in the Netherlands with more than 9.1 million customers has selected the Zafin platform to optimize its pricing, billing and invoicing capabilities… Read More

July 28, 2024 @ 10:42 pm By Omar Faridi  |  

Businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis “on new Bank of England data highlighting the increase in the total amount… Read More

July 28, 2024 @ 9:24 pm By Omar Faridi  |  

Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform. Payments to small businesses were “made… Read More

July 28, 2024 @ 8:19 pm By Omar Faridi  |  

The Ireland card payments market is forecast to grow by 5.4% to reach EUR95.2 billion ($102.9 billion) in 2024, supported by growing consumer preference for electronic payments, forecasts GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payment value in Ireland… Read More

July 28, 2024 @ 5:18 pm By Omar Faridi  |  

UniCredit S.p.A. has announced that it has entered into a binding agreement for the acquisition of the entire share capital of Vodeno Sp. z o.o. and Aion Bank NV/SA. The companies combine an innovative, scalable, and flexible cloud-based platform with banking services based “on Aion’s… Read More

July 28, 2024 @ 5:01 pm By Omar Faridi  |  

Embedded finance provider Weavr has obtained an Electronic Money Institution (EMI) License from the Maltese Financial Services Authority (MFSA) to support its European embedders. Weavr announces that it has “acquired a European e-money license.” The license is significant for both Weavr and the embedded finance… Read More

July 28, 2024 @ 4:42 pm By Michael Wong  |  

Finance leaders from the Group of 20 major economies issued their first-ever joint declaration on Friday, Reuters reported. They committed to cooperating on effectively taxing the world’s wealthiest individuals. However, this unity masks deeper disagreements about the appropriate forum to advance this agenda. In their… Read More

July 28, 2024 @ 4:40 pm By Omar Faridi  |  

VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, has secured the country’s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. USD 270… Read More

July 28, 2024 @ 4:39 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Semi-Annual Report: UK FinTech H1 2024. The report, based on Tracxn’s extensive database, “provides insights into the United Kingdom (UK) FinTech space.” The UK FinTech ecosystem was “the second highest globally in terms of… Read More

July 28, 2024 @ 4:35 pm By Omar Faridi  |  

Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions. This technology, developed by US based global fintech Banked “in partnership with NAB, enables fast… Read More

July 28, 2024 @ 10:21 am By Omar Faridi  |  

Revolut, the global fintech with more than 9 million UK customers and 45 million internationally, announced the launch of cash deposits for all UK clients. This update from Revolut comes after the recent news that the Fintech firm has received a UK banking license. With… Read More

July 27, 2024 @ 1:31 pm By JD Alois  |  

The UK is looking to boost access to capital for private firms – beyond the existing crowdfunding regime and established exchanges. Currently, for approved investment crowdfunding platforms it is difficult to raise more than £5 million due to prospectus requirements. The proposal aims to make… Read More

July 27, 2024 @ 1:05 pm By Tony Zerucha  |  

This week, the British Business Bank disclosed 10 additional companies in which the Future Fund holds an equity interest. That gives them an equity interest in 711 companies with a total investment of £708 million as of June 30. That’s one company less than in… Read More

July 27, 2024 @ 1:04 pm By Omar Faridi  |  

Equifax (NYSE: EFX) has launched a new solution, All Employers Within 90 Days, in support of its commitment “to providing an extensive set of verification solutions for the mortgage industry.” Powered by The Work Number, All Employers Within 90 Days “allows credentialed lenders to verify… Read More