Global

September 3, 2024 @ 4:07 pm By Omar Faridi  |  

In an era where Fintechs become increasingly bloated with ancillary products and spend years integrating their platforms with third parties like banks, UK Fintech Atlantic Money took a step in the opposite direction. With the launch of Portals, Atlantic Money allows users “to make international… Read More

September 3, 2024 @ 1:55 pm By Omar Faridi  |  

Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML). The deal, which was announced in March, will “significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will… Read More

September 3, 2024 @ 11:10 am By JD Alois  |  

Axway (Paris:AXW) says it has completed the acquisition of Sopra Banking Software for an enterprise value of €330 million. The deal was previously revealed this past February. Axway said the acquisition was enabled by the support of investors who supported a share capital increase of… Read More

September 3, 2024 @ 11:00 am By Omar Faridi  |  

Linas Agro and HeavyFinance will convert 300.000 ha of agricultural land to regenerative farming. One of the largest agribusiness companies in the Baltics, AB Linas Agro, has “become the exclusive representative of the HeavyFinance Carbon Farming Program in Lithuania.” Together, the companies aim to reduce… Read More

September 3, 2024 @ 10:56 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer showed that business confidence in the United Kingdom remained at 50% in August. Although there was no increase to the overall UK business confidence figure, the result highlighted the continued positivity amongst businesses, with “confidence still at the highest… Read More

September 3, 2024 @ 9:22 am By JD Alois  |  

Tokeny, a top European tokenization platform, has revealed a partnership with ShipFinex. According to a note from the firm, the two are collaborating on ship ownership that is said to transform “the way maritime assets are tokenized and managed.” Tokeny has largely focused on digital… Read More

September 3, 2024 @ 9:10 am By Omar Faridi  |  

Robo.cash has shared its latest August highlights. The investment platform is reporting fairly steady summer activity. The Robocash team noted in a blog post that they’re highlighting key developments of August and bid farewell to summer. It may not have been filled with standout events… Read More

September 3, 2024 @ 9:09 am By Omar Faridi  |  

“Ad-subsidised payments network (ASPN)” Zilch says it has generated $130 million or £100 million in revenue as of July while turning the corner on profitability. The company did not provide information as to how profitable it is. The Fintech compares itself to other big name… Read More

September 3, 2024 @ 8:57 am By Omar Faridi  |  

In August, the total interest paid to PeerBerry investors exceeded €35 million (totaling €35 255 302). Last month, PeerBerry investors have reportedly “received €908,061 in interest.” PeerBerry investors funded €46 million in loans last month, which “is 5% fewer than in July, as the loan… Read More

September 3, 2024 @ 6:30 am By Omar Faridi  |  

The first six months of 2024 were challenging for the global fintech market given the high interest rate environment and geopolitical uncertainties. Global investment in fintech fell “from 62.3 billion dollars to 51.9 billion dollars during this period.” While VC investments in the USA and… Read More

September 3, 2024 @ 6:28 am By Omar Faridi  |  

The Bondora Group has shared their comprehensive 2023 Financial Results. They are pleased to report Bondora Group’s 2023 financial results, “with the greatest highlight being their seventh consecutive year of profitability.” Last year was a prosperous chapter in their financial journey, showcasing “what’s possible when… Read More

September 3, 2024 @ 6:03 am By Omar Faridi  |  

Adyen (AMS: ADYEN) has partnered with Swedish home furnishing business IKEA. The new partnership with Adyen will allow IKEA to “connect the dots between in-store and digital sales channels and offer better payment and loyalty experiences for customers.” Utilizing Adyen’s single financial technology platform to… Read More

September 2, 2024 @ 9:54 pm By Omar Faridi  |  

We recently caught up with Terence Kwok, CEO and Founder of Humanity Protocol. Terence Kwok spearheads Humanity Protocol, an organization dedicated to amplifying human potential amidst the transformative impact of artificial intelligence. He is a technology entrepreneur from Hong Kong and the CEO and founder… Read More

September 2, 2024 @ 9:52 pm By Omar Faridi  |  

Chainalysis has release the report entitled, 2024 Crypto Crime Mid-year Update Part 2: China-based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Remain Lucrative. Key findings of the Chainalysis update: CSAM networks Reportings of China-based CSAM sites have increased since late 2023. A… Read More

September 2, 2024 @ 9:24 pm By Omar Faridi  |  

Despite the promises of Gen AI, business leaders have significant concerns about its implications for business performance, according to new research from KPMG UK. Respondents cited the inaccuracy of results, “including hallucinations1, as the biggest concern when adopting Gen AI (60%).” Boards are also worried… Read More

September 2, 2024 @ 9:23 pm By Omar Faridi  |  

SumSub has become the first identity verification provider to complete the new Global Digital Identity Certification (GDIC), according to the company. This initiative was created by AVID Certification Services Ltd, the UK’s provider of Digital Identity Certification. The certification is based on the Financial Action… Read More

September 2, 2024 @ 5:32 pm By Omar Faridi  |  

Experian has joined the B4NZ ecosystem. This partnership is said to mark a significant step forward in their shared mission “to enhance the flow of high-quality sustainability data within the UK’s financial system.” With over half of U.K. small and medium enterprises (SMEs) agreeing “reducing… Read More

September 2, 2024 @ 4:53 pm By Omar Faridi  |  

Visa (NYSE: V), a digital payments company, announced the launch of its Money Movement Advisory Practice in the United States and Canada. The new value-added service, “offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, focuses on helping clients and… Read More

September 2, 2024 @ 11:00 am By Omar Faridi  |  

To further strengthen its presence in Latin America, Kaspersky is opening new office in Colombia. This move aims to provide an increasing number of the company’s clients and partners in the region with access “to a comprehensive cybersecurity ecosystem, addressing the full spectrum of cybersecurity… Read More

September 2, 2024 @ 10:55 am By Omar Faridi  |  

A fifth of Brits (20%) over the age of 55 have consistently spent more than they’d expected to during their retirements so far, with an additional 11% expressing that this occurred early on in their retirement, according to new analysis by PensionBee. Daily living expenses… Read More