Global

June 12, 2024 @ 10:50 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 100 million customers worldwide and the firm focused on regulatory compliance, security and privacy, announced that it has received approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This approval follows… Read More

June 12, 2024 @ 10:48 pm By Omar Faridi  |  

BridgeFund, a challenger SME lender based in Amsterdam, chooses Mambu to fulfil its mission of bridging the financial needs of entrepreneurs. By utilising Mambu’s cloud banking platform, BridgeFund can “build its deposit, and soon, lending offerings with reliability and ease, while scaling in the Dutch… Read More

June 12, 2024 @ 10:47 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, has announced that it will become the primary payments partner globally for Accor—one of the world’s largest hospitality companies comprising more than 40 hotel brands in 5,600 locations across more than 110 countries. Accor has a sharp focus… Read More

June 12, 2024 @ 10:46 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) of ADGM and the Bermuda Monetary Authority (BMA) have recently announced the signing of a joint Digital Assets Memorandum of Understanding (MoU). The MoU creates a framework “enabling the collaboration between the BMA and the FSRA to support the… Read More

June 12, 2024 @ 10:43 pm By Omar Faridi  |  

Xero, the global small business platform, has released research highlighting how Australian small businesses think and feel about the end of financial year (EOFY). The survey of more than 1000 small business owners and decision makers “revealed 71% consider this time of year stressful, and… Read More

June 12, 2024 @ 10:42 pm By Omar Faridi  |  

Currencycloud, which focuses on simplifying business in a multi-currency world, and Pyvio, the fintech building ‘Glocal’ financial services infrastructure, have announced a partnership offering efficient and cost-effective cross-border payment solutions for Chinese e-commerce businesses operating in emerging markets. The partnership will allow Pyvio to leverage… Read More

June 12, 2024 @ 7:22 pm By Omar Faridi  |  

Ozone API, the global open banking firm, recently announced a strategic partnership with Tuum, a core banking provider, to enable Tuum’s customers to comply with open banking regulations and commercialize open finance across the globe. The partnership represents a significant milestone “for both companies, combining… Read More

June 12, 2024 @ 6:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside of Asia, and Chubb, a global enabler of insurance, announced that they have reached a significant milestone of 2 million active insurance policies in Brazil. Contributing to the success… Read More

June 12, 2024 @ 6:03 pm By Omar Faridi  |  

XTransfer, the B2B cross-border trade payment platform, and Banking Circle, the tech-driven payments bank, have entered into a partnership. This collaboration aims to reduce “the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and… Read More

June 12, 2024 @ 12:40 pm By JD Alois  |  

While it should be obvious to everyone, high individual taxes hinder investment and innovation and diminish wealth creation – which can create benefits for all. The flipside to high taxes is a central authority that provides more social services, or entitlements, to the population while… Read More

June 12, 2024 @ 9:42 am By JD Alois  |  

SyndicateRoom, a platform that began life as a single issuer investment platform, has shared insight into its Access EIS Fund performance. The Access EIS Fund is available to smaller investors and aims to generate a return of £3.50 for each £1 invested. The diversified fund… Read More

June 12, 2024 @ 8:33 am By Omar Faridi  |  

Mistral AI is announcing €600M in Series B funding for their first year of operations. Mistral AI said the funding from the investment round will accelerate its roadmap as it continues to bring frontier AI into everyone’s hands. The company is developing various generative AI… Read More

June 12, 2024 @ 8:23 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, pointed to another reduction in permanent placements made by UK recruitment consultants in May. Delayed decision making and a lack of demand “amongst companies were reported to have weighed on recruitment activity.”… Read More

June 12, 2024 @ 8:21 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced its vision for 100% e-commerce tokenization in Europe by the end of the decade. This supports a global commitment to “phase out manual card entry and make e-commerce safer and more accessible for everyone.” As payments become more intricate, Mastercard is… Read More

June 12, 2024 @ 8:18 am By Omar Faridi  |  

Starling Group has released consolidated results for Starling Bank, Engine by Starling, and Fleet Mortgages for the year ending 31 March 2024. The results show a third year of profitability for Starling Group, “driven by strong growth in revenue, deposits, active customers and customer transactions…. Read More

June 12, 2024 @ 4:11 am By Omar Faridi  |  

Genesis Global announced bold new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis platform (G8), released recently, the new initiatives… Read More

June 12, 2024 @ 3:57 am By Tony Zerucha  |  

Investment bank DAI Magister said Africa’s remittance market, which is poised to reach $500 billion by 2035, makes it a prime investment opportunity. Remittances comprise a significant portion of African GDP, with the total value of remittances across the continent reaching nearly $100 billion in… Read More

June 11, 2024 @ 1:19 pm By JD Alois  |  

Yesterday, Apple (NASDAQ:AAPL), the largest Fintech in the world, announced a series of software enhancements that were heavy on artificial intelligence (AI). While much of the presentation during the keynote at WWDC, the company’s annual developers conference, focused on improvements to the OS and the… Read More

June 11, 2024 @ 1:05 pm By JD Alois  |  

S&P Global Market Intelligence has issued a report indicating that venture capital (VC) and private equity (PE) investments may be rebounding. The past couple of years have been challenging for the private securities markets, with many sectors, like Fintech, retrenching. According to S&P’s data, global… Read More

June 11, 2024 @ 12:36 pm By Tony Zerucha  |  

Remote, the human resources platform for distributed companies, has selected Nium, a provider of real-time cross-border payments, to enhance its international payroll capabilities. The partnership will be launched globally. As more businesses look at new markets to power growth, the ability to hire and scale… Read More