Global

July 7, 2024 @ 11:47 am By Omar Faridi  |  

British Business Bank doubles existing ENABLE Guarantee transaction with Oxbury Bank to £200m, including innovative new green finance structure. The original £100m transaction was announced in November 2023 – “supporting more than £140m of lending into the rural economy in less than six months.” The… Read More

July 7, 2024 @ 3:47 am By Omar Faridi  |  

Plaid has released its State of Diversity, Equity, Inclusion, and Belonging (DEIB) report. In this year’s report, Plaid commented on the progress made from the previous year and their reflections on how their DEIB efforts have “grown at Plaid—including their focus on sustainability and creating… Read More

July 6, 2024 @ 4:10 pm By Omar Faridi  |  

Tangem AG, the global provider of secure hardware wallet solutions, is pleased to announce a partnership with Visa (NYSE: V), a global enabler of digital payments, to support an innovative self-custodial payment solution for hardware wallets. This development introduces a Visa payment card “that is… Read More

July 6, 2024 @ 3:07 pm By Omar Faridi  |  

IDVerse, a key player focused on generative AI identity solutions, celebrates a significant milestone as TrustID, a firm specializing in identity verification and fraud prevention, joins its growing roster of clients. TrustID, the certified identity service provider (IDSP) and industry participant, has “chosen IDVerse to… Read More

July 6, 2024 @ 2:05 pm By Omar Faridi  |  

Iress and Atom bank recently revealed that they have entered a new five-year contract for Iress’s MSO software, to be offered as a cloud-powered managed service. Atom bank has reportedly been an Iress MSO client since 2016. As an original seed client, Atom bank has… Read More

July 6, 2024 @ 2:00 pm By Omar Faridi  |  

Cashbee are pleased to announce their €7.5M capital raising and would like to highlight key aspects of this transaction. The Cashbee investment round is led by MIF (Mutuelle d’Ivry La Fraternelle) with the participation of several of their historical shareholders, “including 115K, La_Banque Postale ‘s… Read More

July 6, 2024 @ 1:52 pm By Michael Wong  |  

FreeBnk, a Lithuania-based fintech company specializing in services for crypto investors, has announced raising $3 million through a combination of equity and token funding. The investment round saw participation from Founderheads, ChaiTech Ventures, LVT Capital, and Lavender Capital. The company said it will use the… Read More

July 6, 2024 @ 1:43 pm By Omar Faridi  |  

At Payhawk, they claim to be all about simplifying the lives of financial professionals. One way Payhawk does this is by “making international transactions seamless and eliminating the need for multiple tools.” With Payhawk‘s comprehensive, cost-effective spend management solution, you “get corporate cards, automated receipt… Read More

July 5, 2024 @ 4:04 pm By JD Alois  |  

FATF [Financial Action Task Force ] met last month and provided a brief update on the global association’s attempt to reign in the cryptosphere. FATFA established the “Travel Rule” while the US held the chair of the group. This rule requires buyers and sellers of… Read More

July 5, 2024 @ 3:52 pm By Omar Faridi  |  

DNA Payments and Kestronics have recently launched a strategic partnership. This collaboration not only equips merchants across the UK with DNA Payments’ payment devices and solutions, but also offers them “enhanced security, faster transaction processing, and a seamless payment experience.” Fintech DNA Payments and Kestronics,… Read More

July 5, 2024 @ 3:51 pm By Omar Faridi  |  

Your Credit Score, Lloyds Bank’s free credit checking service, now has 10 million registered customers. The feature, available through the mobile banking app and online, “allows customers to view their credit report and access personalised practical tips to improve or maintain their score.” As millions… Read More

July 5, 2024 @ 3:49 pm By Omar Faridi  |  

Bank of Ireland is recruiting for 100 technology roles to support digital projects across the Group. The roles will help drive some of the Group’s most important technology projects “including new customer features on digital channels, protecting customers against fraud, and advanced data analytics.” The… Read More

July 5, 2024 @ 3:41 pm By Omar Faridi  |  

Consensys announced the acquisition of Wallet Guard, a user-centric browser extension, security dashboard, and security engine that protects users’ wallets, digital assets and data from theft, scams, and fraud. Through this acquisition, Consensys intends to “integrate Wallet Guard’s capabilities to further bolster MetaMask, the world’s… Read More

July 5, 2024 @ 10:06 am By JD Alois  |  

As the Tories lick their wounds after a historic defeat in the polls, we wonder what Labour’s rise will mean for the vital Fintech industry and tech in general. While incoming Prime Minister Keir Starmer has published a hundred-day plan, it is not yet apparent… Read More

July 5, 2024 @ 8:29 am By Omar Faridi  |  

UK Finance, in partnership with Global Counsel, has reportedly “developed a set of briefing papers on the key themes central to the debate around the UK’s capital markets and competitiveness more generally.” These themes are as follows: Risk and reward – risk is key to… Read More

July 5, 2024 @ 8:28 am By Omar Faridi  |  

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle “the abuse of such transfers for money laundering and terrorist financing purposes.” The Guidelines… Read More

July 5, 2024 @ 8:25 am By Omar Faridi  |  

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) are pleased to announce their collaboration relating to wholesale central bank digital currency (wCBDC). The BDF and the HKMA have been “maintaining a close partnership in promoting financial innovation.” The latest collaboration is… Read More

July 5, 2024 @ 8:23 am By Omar Faridi  |  

Following a technical recession in the second half of 2023, the UK economy has shown tentative signs of renewed momentum, “with growth of 0.5% expected this year, and 0.9% in 2025,” according to the latest KPMG Global Economic Outlook. The report finds a number of… Read More

July 4, 2024 @ 11:25 pm By Omar Faridi  |  

Bitcoin Suisse has removed the crypto custody fee on USDC holdings, effective immediately. This move follows a collaboration with Circle, the issuer of USDC, announced in January 2024. The partnership aims to expand USDC liquidity in Europe “by maximizing its usage across all Bitcoin Suisse… Read More

July 4, 2024 @ 10:39 pm By Omar Faridi  |  

Handelsbanken Norway has entered into a new agreement with Tietoevry Banking for the delivery of a complete solution portfolio, including core banking, card and payment solutions, wealth management, as well as solutions for combating financial crime. The agreement has a duration of five years, and… Read More