Global

March 21, 2024 @ 1:15 pm By Omar Faridi  |  

Research by Sumsub, a global verification platform with 1B+ identities database, shows an alarming surge of fraud networks across multiple regions. The company discovered the trend prior to “launching its upgraded comprehensive Fraud Prevention Solution aimed to help businesses fight fraud networks and other rising… Read More

March 21, 2024 @ 8:55 am By JD Alois  |  

EstateGuru, an online investment platform providing debt capital, has issued a comment on the “Project of the Year 2023.” The marketplace shares that 430 issuers raised money on the platform from projects in Estonia, Finland, Latvia, and Lithuania. Almost €100 million was funded in 2023… Read More

March 21, 2024 @ 7:45 am By Omar Faridi  |  

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England. The Northern Powerhouse Investment Fund II (NPIF II), aims to “build on the success of the initial fund, with the purpose… Read More

March 21, 2024 @ 7:39 am By Omar Faridi  |  

UK Fintech Kriya is reportedly advancing £500 million to businesses banked by Barclays. Kriya has commented on their partnership in a new blog post. According to Kriya, a major part of their business success is “down to the organizations they partner with and the merchants… Read More

March 21, 2024 @ 7:37 am By Omar Faridi  |  

Small firms continue to face a challenging macroeconomic environment, as sales growth in the December festive period hit a three-year low, according to the Xero Small Business Insights (XSBI) data from global small business platform Xero – which covers the three months to December 2023…. Read More

March 21, 2024 @ 4:22 am By Omar Faridi  |  

Amazon Web Services (AWS), Accenture (NYSE: ACN) and AI company Anthropic are coming together to help organizations—especially those in highly-regulated industries including healthcare, public sector, banking and insurance—responsibly adopt and scale customized generative artificial intelligence (AI) technology “within their organizations to speed innovation, improve customer… Read More

March 20, 2024 @ 10:51 am By JD Alois  |  

CapitalRise, an online investment platform focusing on Prime property in the UK, has boosted its funding ability by 50%, according to a statement issued by the firm. While not providing hard numbers, the institutional funding is from an unnamed UK investment manager and is an… Read More

March 20, 2024 @ 10:32 am By JD Alois  |  

Gate Group has announced that has registered as a VASP, or virtual asset service provider, via the Organismo Agenti e Mediatori (OAM) in Italy. Launched in 2013 and based in Cayman, Gate.io is currently ranked as the 8th largest crypto exchange in the world, according… Read More

March 20, 2024 @ 9:38 am By Omar Faridi  |  

DNA Payments Group, an omnichannel payments company in the UK and EU, and sunday, a restaurant payment solution, have shared an update. The Fintech firms say that they will jointly exhibit on Stand h1063 at Hotel, Restaurant & Catering, ExCel in London from March 25th… Read More

March 20, 2024 @ 8:02 am By Omar Faridi  |  

Marco, the trade finance platform catering to the needs of SME exporters in Latin America, has announced the successful closure of a $12 million Series A funding round. The investment round was reportedly “led by IDC Ventures, with additional participation from IDB Lab (the innovation… Read More

March 20, 2024 @ 8:00 am By Omar Faridi  |  

Sygnum, a global digital asset banking group, is tokenizing USD 50m of Matter Labs‘ treasury reserves onto the zkSync blockchain. The Sygnum-issued security tokens act as on-chain representations of units from Fidelity International‘s USD 6.9bn Institutional Liquidity Fund (ILF) to generate a secure and transparent… Read More

March 20, 2024 @ 7:56 am By Omar Faridi  |  

Estateguru has shared its latest Loan Portfolio Overview for the month of February 2024. Estateguru says that they “saw €7.8M in loan repayments in February, with an additional €0.1M from recovered loans.” Estateguru further noted that they “saw €7.8M in loan repayments in February, with… Read More

March 19, 2024 @ 10:04 pm By Omar Faridi  |  

BIGG Digital Assets, a digital assets firm and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, has announced a new anti-fraud service The new initiative is aimed at aiding small capitalization companies in “safeguarding against investment fraud. BIGG reassures its stakeholders that it remains untouched… Read More

March 19, 2024 @ 10:00 pm By Omar Faridi  |  

Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. Nacha governs the ACH Network, the payment system that enables Direct Deposits and Direct Payments in the US…. Read More

March 19, 2024 @ 9:54 pm By Omar Faridi  |  

RevRoad explains that their platform provides growing companies with what they really need, which includes everything from a starter team to business services. RevRoad says that they are a venture services firm that helps portfolio companies grow “with a team and essential services for up… Read More

March 19, 2024 @ 2:38 pm By JD Alois  |  

Bitfinex Securities, a digital asset marketplace, reports that ALT2612, a tokenized bond, has issued its first payment to investors. Microlender Mikro Kapital issued the digital asset in 2023. The bond, which represents approximately 300,000 borrowers in 14 different countries, has a value of €1.09 billion. The… Read More

March 19, 2024 @ 1:35 pm By Omar Faridi  |  

Global financial technology Fintech FIS (NYSE: FIS) has announced that its SecurLOCK card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy. The gains anticipated from this collaboration… Read More

March 19, 2024 @ 12:47 pm By Omar Faridi  |  

As the Bitcoin halving approaches, an event that is expected to reduce the daily BTC minting supply by half, several crypto industry analysts have provided their insights on the current state of the volatile crypto-assets markets. The Bitfinex Alpha Report aims to offer a comprehensive… Read More

March 19, 2024 @ 10:18 am By JD Alois  |  

Luxembourg-based Tokeny has revealed a partnership with Moreliquid to tokenize the HSBC Euro Liquidity Fund. Moreliquid is a digital securities investment platform. Tokeny is a tokenization platform that enables issuers and other firms to enable digital securities. The Moreliquid Money Market EUR (MMMEUR) aims to… Read More

March 19, 2024 @ 9:36 am By JD Alois  |  

Global online investment platform OurCrowd is reporting that its Israel Resilience Fund is now over $17 million in investor commitments. The OurCrowd Israel Resilience Fund was announced in November 2023 following the invasion by Hamas and the horrific atrocities committed by the terrorists. At that… Read More