Global

May 14, 2024 @ 10:27 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an initial £25m loan to Blue Shield Capital, a property lending firm committed to simplifying bridge lending. Launched in 2020, by co-founders Gil Ulrich and Jonathan Hitter, Blue Shield primarily underwrites senior bridging loans “backed… Read More

May 14, 2024 @ 10:15 pm By Omar Faridi  |  

Consensys announced the launch of Smart Transactions, a new technology rolling out to all MetaMask users globally as an optional feature. This reimagined transaction experience reportedly offers better transaction success rates, reduces gas costs, and protects users “from harmful MEV (Maximal Extractable Value) attacks such… Read More

May 14, 2024 @ 10:12 pm By Omar Faridi  |  

Payoneer Global Inc. (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses to transact, do business and grow globally,  reported financial results for its first quarter ended March 31, 2024. John Caplan, Chief Executive Officer at Payoneer, said: “Payoneer delivered record… Read More

May 14, 2024 @ 10:11 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), has bolstered its presence in the EMEA region with the appointment of Ruth Ormsby as Managing Director of EMEA. Ormsby started her role on 29 April. Based… Read More

May 14, 2024 @ 5:42 pm By Omar Faridi  |  

KOR Foundation announced it has launched KOR Protocol, a new protocol that reshapes how intellectual property is managed, protected, distributed and monetized across various sectors. Built around the innovative KOR DNA framework, KOR Protocol reportedly “offers new opportunities for creators to leverage blockchain and AI… Read More

May 14, 2024 @ 2:30 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zest Protocol, an on-chain bitcoin lending infrastructure enabling users to lend or borrow native BTC with transparent yields in a permissionless way. Existing solutions have been largely “dependent on centralized entities with… Read More

May 14, 2024 @ 1:18 pm By Omar Faridi  |  

Building a successful crypto portfolio requires diversification, and that applies to meme coins as well, according to an update from Bitpanda. However, actively researching and managing “a basket of individual meme coins is a time-consuming endeavor,” Bitpanda notes while adding that this is where the… Read More

May 14, 2024 @ 1:13 pm By JD Alois  |  

Stating they are one of the very few VC firms that are truly global, Accel is reporting that it is raising a $650 million fund to support early-stage ventures in Europe and Israel. Accel opened its London office in 2000 as one of the first… Read More

May 14, 2024 @ 1:03 pm By Omar Faridi  |  

The US transition to a T+1 settlement cycle is only two weeks away, and DTCC says that it continues to actively work with the industry and regulators to ensure a seamless transition to a T+1 settlement cycle on May 28th, 2024, with a focus “on… Read More

May 14, 2024 @ 11:29 am By Omar Faridi  |  

Palo Alto Networks (NASDAQ: PANW) and Accenture (NYSE: ACN) announced an expansion of their long-standing strategic alliance. New offerings will combine Precision AI technology from Palo Alto Networks and Accenture’s secure generative AI services to help organizations embrace “the potential of AI with cybersecurity.” The… Read More

May 14, 2024 @ 9:25 am By JD Alois  |  

Invesdor, one of the oldest securities crowdfunding platforms in Europe, says it has funded the largest sustainability securities online offering in Europe. According to the platform, the Fryslân wind farm in the Netherlands raised €6 million in just one day. The securities offering went on… Read More

May 14, 2024 @ 8:52 am By Omar Faridi  |  

Crypto.com, the digital assets firm which claims to be focused on ensuring regulatory compliance, security and privacy, is now a member of Adan, an association bringing together professionals in the digital asset and blockchain sector throughout France and Europe. Eric Anziani, President and COO of… Read More

May 14, 2024 @ 8:32 am By Omar Faridi  |  

Business activity continued to rise across almost all UK nations and regions during April, latest Regional PMI survey data from NatWest showed. Just half of areas saw an increase in employment, however, with businesses “facing a sharp, wage-led rise in costs.” The PMI Business Activity… Read More

May 14, 2024 @ 8:31 am By Omar Faridi  |  

UK Finance releases its latest mortgage arrears and possessions data for Q1 2024, while highlighting continuing lender support for customers The number of homeowner mortgages in arrears “rose slightly (three per cent) in Q1 2024 compared to the previous quarter,” in line with UK Finance’s… Read More

May 13, 2024 @ 10:57 pm By Omar Faridi  |  

Payment cards remain the most preferred payment tool for e-commerce purchases in South Korea, collectively accounting for over half (54%) of the total e-commerce payments in 2023, signifying a strong preference for secure and convenient transactions among the online shoppers, finds GlobalData, a data and… Read More

May 13, 2024 @ 6:53 pm By JD Alois  |  

Securities crowdfunding platform SeedBlink is touting its ESOP, or Employee Share Ownership Plans, tool as generating “spectacular effects.” According to the company, over 2500 firms in Europe are using the tool. Radu Georgescu, chairman of the Board of SeedBlink, says ESOPs provide an opportunity for employees… Read More

May 13, 2024 @ 5:37 pm By Omar Faridi  |  

In a step towards enhancing blockchain accessibility and adoption, Obligate is gearing up for its upcoming deployment on the Lisk network, a Layer 2 solution and member of the Optimism Superchain. As part of the collaboration, Lisk and Obligate aim “to address challenges in emerging… Read More

May 13, 2024 @ 5:09 pm By Omar Faridi  |  

Sumsub has announced the second iteration of its Advanced Transaction Monitoring Masterclass 2024 after exceptional feedback following its initial launch in February. Over 2,500 anti-money laundering (AML), anti-fraud, and compliance professionals in the fintech sector registered. The self-paced course helped “to boost their knowledge in… Read More

May 13, 2024 @ 12:21 pm By JD Alois  |  

Top Fintech VC firm QED Investors has participated in a funding round of Aplazo, a Mexico-based buy now pay later (BNPL) firm. According to a release, Aplazo has closed on an additional $70 million in funding inclusive of a $45 million Series B round. QED… Read More

May 13, 2024 @ 10:08 am By Omar Faridi  |  

Experian announced the launch of Cashflow Attributes, a solution to help expand fair and affordable access to credit, particularly for thin-file and credit invisible consumers. With over 900 income, cashflow and affordability attributes, Experian’s cashflow insights are available now and “allow lenders to seamlessly integrate… Read More