Global

March 3, 2024 @ 7:33 pm By Omar Faridi  |  

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, announced that Emma Hagan has been appointed CEO of ClearBank UK, and will take up the role following regulatory approval. Hagan brings a wealth of banking experience “to the role, having… Read More

March 3, 2024 @ 6:43 pm By Omar Faridi  |  

Alpaca now supports limit orders and extended hours trading for fractional shares. As noted in a blog post from Alpaca, trading in fractional shares is considered to be “a crucial tool for investors.” Alpaca says that it opens the door “for individuals to invest in stocks… Read More

March 3, 2024 @ 6:13 pm By Omar Faridi  |  

Although the rapid rise of Buy Now Pay Later (BNPL) services has been accompanied by a growing chorus of concern about runaway consumer debt, the customers who are using these services are growing “increasingly satisfied with their experiences.” According to the J.D. Power 2024 U.S…. Read More

March 3, 2024 @ 6:03 pm By Omar Faridi  |  

Since stepping in as Binance CEO, Richard Teng  (who replaced former CEO Changpeng Zhao), has reportedly made it a priority to ensure and maintain the user-focused principles of Binance across the company, with the primary emphasis being on ensuring stability. According to Richard Teng, in… Read More

March 2, 2024 @ 4:26 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced the expansion of its global leadership team, with three new hires based out of the company’s Americas headquarters in San Francisco. Jason Gottlieb joins “as VP, Financial Partnerships, Hugo Buret as Global Head of… Read More

March 2, 2024 @ 4:22 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumers and small business debit issuers as well as consumer prepaid issuers in the U.S. The program improves the digital… Read More

March 2, 2024 @ 4:19 pm By Omar Faridi  |  

Juniper Square, the provider of partnership enablement to the private funds industry, announced that Brandon Sedloff has been promoted to Chief Real Estate Officer. In this role, Sedloff will oversee “the continued growth of Juniper Square’s real estate vertical as the firm continues to expand… Read More

March 2, 2024 @ 1:51 pm By Michael Wong  |  

MercadoLibre Inc., the powerhouse of e-commerce and payments in Latin America, has appointed Andre Chaves as the head of its fintech division, Mercado Pago, in the country, according to a Bloomberg report. Chaves, 41, steps into his new role with a rich background in corporate… Read More

March 2, 2024 @ 1:08 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Georgia Farm Bureau Mutual Insurance Company, a company offering coverage for farm insurance in addition to virtually every line of insurance in the state of Georgia, has selected Akur8’s Core… Read More

March 2, 2024 @ 8:59 am By Omar Faridi  |  

Securitize, a digital asset/tokenization enabler, has launched a new subsidiary, Securitize Credit, which is introducing a new product called “Earn.” The platform is designed “to provide Securitize users an opportunity to earn sustainable, high-quality on-chain yields through digital assets.” Securitize Earn enables qualified crypto lenders… Read More

March 2, 2024 @ 8:57 am By Michael Wong  |  

Baubap, a pioneering consumer microlending platform based in Mexico, has announced a significant boost to its operations with $120 million in debt financing obtained in a pre-Series A round. The round was led by SixPoint Capital Management, a U.S.-based fintech capital partner, marking a major… Read More

March 1, 2024 @ 7:00 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has partnered with Loop, a digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop “expand its portfolio, enhance its… Read More

March 1, 2024 @ 1:12 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, and IPC Systems, a provider of trading communications solutions, announced plans to launch ICE Voice, a cloud-based audio solution that will be offered with ICE Chat to provide a seamless communications platform for… Read More

March 1, 2024 @ 1:10 pm By JD Alois  |  

Research conducted by the British Business Bank reports that bank lending dropped in 2023, delivering an amount similar to 2016. At the same time, equity capital in smaller firms cratered to levels near those in 2020. When looking more closely at private equity financing, 2023… Read More

March 1, 2024 @ 8:53 am By Omar Faridi  |  

Qatar Investment Authority (QIA) is set to launch Qatar’s “first” venture capital (VC) Fund of Funds, a strategic investment program to foster innovation in Qatar. The Fund of Funds program will “invest more than USD 1 billion in international and regional venture capital funds.” The… Read More

March 1, 2024 @ 8:50 am By Omar Faridi  |  

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

March 1, 2024 @ 2:12 am By Omar Faridi  |  

Portofino Technologies, one of the cryptocurrency market makers, announces its successful registration as a cryptoasset firm with the Financial Conduct Authority (FCA), enabling the business to trade cryptocurrencies with institutional investors in the UK. Since its inception, Portofino Technologies, a crypto-native high frequency trading firm,… Read More

February 29, 2024 @ 9:36 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, and BTG Pactual (BTG), the investment bank in Latin America, announced a new agreement to further advance crypto banking services across the… Read More

February 29, 2024 @ 9:33 pm By Omar Faridi  |  

Yapily, a provider of open banking solutions, is announcing its partnership with Uncapped, a Fintech providing working capital funding to scaling brands, retailers, and merchants across the UK, EU, and US. This collaboration significantly bolsters progress in “the financial lending sector and democratises access to… Read More

February 29, 2024 @ 11:19 am By JD Alois  |  

Cross-border payments firm Clear Junction has joined the UK Cryptoasset Business Council (UKCBC). The UKCBC advocates on behalf of the digital assets/crypto sector in the UK. According to a note from the UKCBC, crypto is at a key inflection point due to MiCA, and ETFs,… Read More