Global

August 7, 2024 @ 9:12 pm By Omar Faridi  |  

Australian digital bank, ubank, has introduced passkeys to improve authentication for customers. Ubank joins a growing number of international online services and payment providers, “along with Australian organizations and government agencies, using passkeys as their login method.” The change in authentication processes comes as Australians lost… Read More

August 7, 2024 @ 3:26 pm By JD Alois  |  

Digital asset firm Bitstamp will partner with Stripe to enable a fiat-to-crypto onramp in the European Union. The collaboration will see the Stripe onramp, a customizable widget powered by Bitstamp. The goal is to simplify the process so developers can incorporate the feature with little… Read More

August 7, 2024 @ 10:01 am By Omar Faridi  |  

We recently connected with Ally Haire, CEO and Founder of Lilypad, which is described as a serverless, distributed computing network for AI, ML, and other computational processes. Recently, it was reported that Elon Musk is going to build a “gigafactory of compute,” and while the… Read More

August 7, 2024 @ 9:40 am By Omar Faridi  |  

The European Union has a productivity problem, according to an update from the International Monetary Fund (IMF). Its people produce nearly 30 percent “less per hour worked than they would have, had real output per hour worked increased in line with that in the United… Read More

August 7, 2024 @ 8:23 am By Tony Zerucha  |  

While Deutsche Telekom’s support for blockchain initiatives is welcome, Chirp founder and CEO Tim Kravchunovsky believes it could go further to help foster wider blockchain adoption. Chirp is a decentralized telecommunications network. Kravchunovsky said Deutsche Telekom should offer more support for budding DePIN projects as… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

August 7, 2024 @ 8:19 am By Omar Faridi  |  

Banking Circle S.A, has received the globally recognized ISO/IEC 27001:2022 certification for information security management systems (ISMS). Underlining the sustained commitment it places “on information security, this certification gives Banking Circle clients continued confidence that it puts legal, regulatory and contractual obligations at the centre… Read More

August 7, 2024 @ 8:17 am By Omar Faridi  |  

Christian Catalini, Co-Founder & Chief Strategy Officer at Lightspark (which enables Open payments for the Internet; Enterprise-grade, fast, secure payments on Lightning) and the Founder at MIT Cryptoeconomics Lab, explains that stablecoins, a novel form of interoperable and programmable money, have the potential “to rewire… Read More

August 7, 2024 @ 8:16 am By Omar Faridi  |  

finova Broker, formerly the eKeeper Group and part of finova, the UK’s cloud-based mortgage and savings provider, has announced its integration with Cashflows, the platform that makes it easier to accept payments digitally. This new feature allows mortgage brokers to “take payments for administration and… Read More

August 7, 2024 @ 8:08 am By Omar Faridi  |  

British pension savers may only support the investment of their retirement funds in UK-based growth businesses “if they demonstrate strong returns,” new research suggests. A third (33%) of Brits believe pension “schemes should only be obliged to invest in UK assets” – as announced in… Read More

August 7, 2024 @ 6:18 am By Omar Faridi  |  

B.TECH Business, a sector of B.TECH, a retailer of consumer electronics and home appliances in Egypt, has signed a cooperation protocol with Foodics Egypt, the  restaurant management and payment solutions in Egypt and MENA. This collaboration aims to supply “all the necessary equipment and tools… Read More

August 6, 2024 @ 2:50 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

August 6, 2024 @ 2:38 pm By JD Alois  |  

The UK has long been a hot center of innovation in financial services. The noted Fintech hub has boosted the UK economy while helping the country maintain its status as a top global financial center. The sagging global economy, commencing with the COVID health crisis,… Read More

August 6, 2024 @ 10:50 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or “virtual banks” (VB) in Hong Kong. The HKMA states that the establishment of regulated digital banking has achieved its three stated goals: promoting Fintech and innovation, creating a… Read More

August 6, 2024 @ 10:36 am By Omar Faridi  |  

Coin Metrics’ State of the Network has provided comprehensive update on cryptocurrency markets amidst the unfolding global market sell-off as well as an insightful break down Coinbase’s Q2 2024 earnings. During this past weekend, global markets and crypto-assets alike were jolted by a number of… Read More

August 6, 2024 @ 7:46 am By JD Alois  |  

Online investment platform Mintos has closed its funding round on Crowdcube at €3.1 million. Mintos notes that this is the second-largest crowdfunding round in Europe for 2024. In two weeks, Mintos said it secured the backing of 3,300 investors, including both existing and new investors…. Read More

August 6, 2024 @ 7:07 am By Omar Faridi  |  

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk. It started with a chance meeting. Danny from VEDA Accounting… Read More

August 6, 2024 @ 7:05 am By Omar Faridi  |  

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective. The Pledge has achieved this by “incentivizing unprecedented… Read More

August 6, 2024 @ 7:00 am By JD Alois  |  

Blockchain ecosystem IOTA has been recognized as being Shari’a-compliant. According to a note from IOTA, the Cambridge Institute of Islamic Finance’s certification states that the IOTA token fulfills all accepted Shari’a principles and standards, including those practiced by the Islamic financial services industry. IOTA reports… Read More