Global

July 21, 2024 @ 2:20 pm By Michael Wong  |  

Misr Digital Innovation, the investment arm of Banque Misr, has received approval from the Central Bank of Egypt to launch One Bank, the country’s first native digital bank. This marks a significant milestone in Egypt’s banking sector, as it embraces the latest technological advancements in… Read More

July 21, 2024 @ 12:50 pm By Omar Faridi  |  

To transform and expand their prime brokerage business lines and as part of its broader efforts to add and enhance value for its clientele, AmInvestment Bank, a company in the Ambank Group and one of the largest banking groups in Malaysia, has deployed global Fintech… Read More

July 21, 2024 @ 12:34 pm By Omar Faridi  |  

Stratyfy, a Fintech confronting bias in AI and optimizing credit risk decisions with transparent machine learning solutions, announced its partnership with Prism Data, a cash flow underwriting and data analytics platform. Prism Data enabled modern cash flow underwriting “that uses digital deposit account data to… Read More

July 21, 2024 @ 8:11 am By Omar Faridi  |  

It is now possible to pick up a packet of flour or a bottle of wine around the clock – including weekends – in the village of Freckenfeld (Rhineland-Palatinate, Germany). The local village store had been closed since May 2023 and was recently reopened with… Read More

July 20, 2024 @ 2:26 pm By Omar Faridi  |  

JTL-Software GmbH, a German e-commerce solution provider, and the Dutch financial services provider Mollie are entering into a strategic partnership. The long-term partnership is the result of collaboration “on individual projects since August 2023.” It enables integration of Mollie’s payment services “into JTL’s e-commerce solutions… Read More

July 20, 2024 @ 9:28 am By Omar Faridi  |  

Following its entrance in other European Union countries, Mintos, the investment platform providing a range of alternative and traditional investment options, is now focused on continuing its European launch by making its entry in the Czech Republic investment ecosystem. Since its inception back in 2015,… Read More

July 20, 2024 @ 5:35 am By Omar Faridi  |  

Blockchain Coinvestors, a blockchain venture fund-of-funds and co-investment program with a combined portfolio of more than 1,250 blockchain enterprises and projects, including 95 blockchain unicorns, announced its bi-annual Meet the Blockchain Unicorns report which includes the most comprehensive list of blockchain unicorns globally – “including… Read More

July 19, 2024 @ 9:28 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) has recently shared New Zealand’s progress in its efforts focused on “strengthening measures to tackle money laundering and terrorist financing.” FATF noted in a blog post that since the 2021 assessment of New Zealand’s measures to tackle money laundering… Read More

July 19, 2024 @ 4:29 pm By Omar Faridi  |  

Velocity Global, which claims to be the world’s expert on work, announced that it has successfully opened new entities in El Salvador and Georgia, “allowing customers easy and compliant access to talent in these economies.” The new entities will open opportunities for organizations and local… Read More

July 19, 2024 @ 12:50 pm By JD Alois  |  

Yesterday, it was reported that CHAPS, or the Clearing House Automated Payment System, the system that enables real-time gross settlement payments in the United Kingdom, had gone offline, impacting some “high-value” payments and transfers. The Bank of Engaland did not reveal the cause of the outage,… Read More

July 19, 2024 @ 12:40 pm By Omar Faridi  |  

The Laboratório de Inovações Financeiras e Tecnológicas (LIFT), a joint initiative of Banco Central do Brasil (BCB) and Federação Nacional de Associações dos Servidores do Banco Central, announces the resumption of activities following a hiatus in 2023. Since its inception bac in 2018, the laboratory… Read More

July 19, 2024 @ 12:18 pm By Omar Faridi  |  

In an era plagued with AI-powered impersonation and sophisticated deep fakes, accurately verifying digital identity is more critical than ever. This, according to an update shared by Prove. However, as we enter this AI era, businesses are at risk of adopting a cure that’s equally… Read More

July 19, 2024 @ 12:10 pm By Omar Faridi  |  

The Bank of England has announced the appointment of members of the Enforcement Decision Making Committee. Following an external recruitment process and consultation, the Bank of England (Bank) has appointed three new members “to its Enforcement Decision Making Committee (EDMC) taking the total to nine.”… Read More

July 19, 2024 @ 6:16 am By Omar Faridi  |  

Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market Private Equity analysis. The firm’s most recent M&A research study revealed “that 321 mid-market transactions were completed… Read More

July 18, 2024 @ 4:02 pm By JD Alois  |  

Online investment platform OurCrowd has invested in CytoReason as part of an $80 million funding round. OurCrowd joined a group of big names in supporting the firm as NVIDIA, Pfizer, and Thermo Fisher all participated in the funding round. Bank Hapoalim was said to have… Read More

July 18, 2024 @ 2:36 pm By Omar Faridi  |  

In another step towards contributing to the development of the ETF market in Brazil, Nu Asset Management (Nubank’s investment fund manager) announces two new solutions: the Nu Ibov Smart Low Volatility B3 (LVOL11) and the Nu Ibov Smart High Beta B3 (HIGH11). The two ETFs… Read More

July 18, 2024 @ 11:22 am By JD Alois  |  

The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom. The Bank stated that the issues impacted some “high-value and time-sensitive payments, including some house purchases.” The Bank… Read More

July 18, 2024 @ 10:26 am By Omar Faridi  |  

State Street (NYSE: STT) is currently examining various options for settling payments on blockchain, according to a report from Bloomberg. State Street, which is focused on the financial services and banking sector, is assessing if it should introduce its own stablecoin, issuing its own deposit… Read More

July 18, 2024 @ 9:54 am By Omar Faridi  |  

Bondora reveals that June was a “record-breaking” month for loan originations, thanks to steady growth in Finland and the Netherlands. Overall, Bondora Group’s loan originations has reportedly “totaled €24,567,566 – the highest origination amount ever.” In June, Bondora pointed out that 1,507 more people “created… Read More

July 18, 2024 @ 9:52 am By Omar Faridi  |  

July 20, 2024, will mark exactly one year since the Federal Reserve announced the launch of the notable FedNow Service, which has allowed customers at participating financial institutions to make payments that can be sent and received at any time, immediately available to use. The… Read More