Global

May 31, 2024 @ 4:46 pm By Omar Faridi  |  

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

May 31, 2024 @ 4:30 pm By Suki Gao  |  

To the surprise of nobody, female-led SMEs often face significant hurdles in the hyper-competitive global marketplace, primarily due to systemic biases and gender disparities entrenched within financial systems. Studies have consistently shown that women entrepreneurs encounter more challenges in securing financing compared to their male… Read More

May 31, 2024 @ 10:22 am By Omar Faridi  |  

Marie Seiller has reportedly been appointed Resources, Operations and Transformation Director at the Autorité des Marchés Financiers (AMF). Currently Chief accountant at the Autorité des Marchés Financiers (AMF), Marie Seiller will head “the Resources, Operations and Transformation Directorate (DRST) from 27 May 2024.” In this… Read More

May 31, 2024 @ 9:35 am By Omar Faridi  |  

OKX and Jambo, a Web3 mobile infrastructure builder, have recently announced a partnership aimed at enhancing the accessibility of the digital economy in emerging markets by combining advanced Web3 and mobile technologies. This partnership reportedly follows “a strategic investment in Jambo made by OKX’s investment… Read More

May 31, 2024 @ 9:27 am By Omar Faridi  |  

The UK reportedly witnessed the announcement of 389 venture capital (VC) funding deals worth $3.6 billion from January to April 2024. This is a year-on-year (YoY) decline “of 21.4% in terms of deal volume and 32.8% in terms of value,” according to GlobalData, a data… Read More

May 31, 2024 @ 9:23 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and real estate funding specialist, ASK Partners have provided a £19.5m co-loan to independent hotel management business, Capilon Hotels Group. Capilon specializes in property investment, development and management of various sectors and asset classes, with “a particular… Read More

May 31, 2024 @ 9:21 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence reached its highest level for over eight years. Confidence increased by 8 points – up to 50% – “a level last exceeded in November 2015.” Survey data suggests the monthly increase “is largely… Read More

May 31, 2024 @ 9:18 am By Omar Faridi  |  

Breaking new ground in Europe, the Mastercard (NYSE: MA) hub will contribute to further “securing the commerce and payment ecosystem in the region.” Mastercard recently confirmed the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming “the company’s commitment to combatting… Read More

May 30, 2024 @ 5:44 pm By Omar Faridi  |  

International insurtech bolttech has announced its partnership with HAVA.id, a B2B procurement company in Indonesia. HAVA.id will offer comprehensive device protection solutions “to its business customers as part of its procurement consultancy services to ensure their valuable inventory of technology devices is safeguarded.” As part… Read More

May 30, 2024 @ 1:49 pm By Omar Faridi  |  

Andy Bromberg, a blockchain industry professional focused on supporting Eco, which enables crypto payments that work, and a co-founder of CoinList, notes via social media that the summer of Eco is on the way. Bromberg reveals that in the next 6 months, there will be… Read More

May 30, 2024 @ 11:48 am By JD Alois  |  

SEC Commissioner Hester Peirce has publicly shared a comment on a consultation in the UK. Launched last April, the proposal is for a Digital Securities Sandbox (DSS) initiated by the UK Financial Conduct Authority and the Bank of England. The deadline for feedback from interested… Read More

May 30, 2024 @ 11:42 am By Omar Faridi  |  

The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) has published its work program for 2024-25, highlighting its strategic priorities for policy, standard-setting, implementation and analytical activities. The program’s key themes are: Risk management of financial market infrastructures (FMIs). FMIs’ practices for… Read More

May 30, 2024 @ 9:47 am By JD Alois  |  

Doconomy is reporting a €34 million Series B funding round led by S&P Global, UBS Next, and CommerzVentures. S&P is a new investor, and other existing investors who participated in the funding round include Motive Ventures, PostFinance, and Tenity. Doconomy is an “impact Fintech” that… Read More

May 30, 2024 @ 8:39 am By Omar Faridi  |  

P2PMarketData and EUROCROWD are pleased to announce a strategic partnership to strengthen services and benefits for our members, particularly crowdfunding platforms operating within the sector. The collaboration reportedly marks “a significant milestone in the crowdfunding ecosystem, as it brings together two prominent entities dedicated to… Read More

May 30, 2024 @ 8:37 am By Omar Faridi  |  

Global Fintech firms Nexi, Stripe, Adyen have introduced Apple‘s (NASDAQ:AAPL) Tap to Pay service in Italy Payments Fintechs Nexi, Stripe and Adyen have begun providing firms in Italy a way to take payments from clients that relies on Apple’s iPhones. Apple’s Tap to Pay service… Read More

May 30, 2024 @ 8:36 am By Omar Faridi  |  

The board of directors of Robinhood Markets, Inc. (NASDAQ: HOOD) has authorized a $1 billion share repurchase program, “demonstrating management and the board’s confidence in Robinhood’s financial strength and future growth prospects.” Jason Warnick, Chief Financial Officer of Robinhood, said: “As our business and cash… Read More

May 30, 2024 @ 8:33 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform in the world outside of Asia, announces the launch of its cryptocurrency transfer functionality. Now, customers can send and receive crypto assets “directly from their wallets.” The solution, which is being gradually rolled out,… Read More

May 30, 2024 @ 8:31 am By Omar Faridi  |  

FlightHub, the Canadian online travel agency and subsidiary of the travel innovation company Momentum Ventures, announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, “to bring transparent and flexible payment options to eligible Canadian travelers.” At… Read More

May 30, 2024 @ 8:29 am By Omar Faridi  |  

Data from the Federal Trade Commission (FTC) shows that Best Buy/Geek Squad, Amazon, and PayPal are the companies people report scammers impersonating most often. A newly released data spotlight shows that in 2023, consumers “submitted about 52,000 reports about scammers impersonating Best Buy or its… Read More

May 30, 2024 @ 8:25 am By Omar Faridi  |  

Salt Bank, a new digital bank in Romania’s financial landscape, has launched less than one year after the project was kicked off. Salt Bank is the first neobank using Engine by Starling’s core banking system “outside of the vendor’s parent company, Starling Bank.” It was… Read More