Global

January 26, 2024 @ 8:29 am By Omar Faridi  |  

UK neobank Science Card collaborates with UCL Mechanical Engineering to generate research funding for neurodegenerative diseases. Science Card, the home of Britain’s e-money current accounts dedicated to accelerating science and innovation, has announced the launch on its platform of a research project on neurodegenerative diseases,… Read More

January 26, 2024 @ 8:16 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), has appointed Andrew Brandman as Chief Customer Officer (CCO). Based in New York, Andrew will drive global growth by “continuing to deliver successful outcomes for Fenergo’s growing and… Read More

January 26, 2024 @ 3:56 am By Michael Wong  |  

Digital lending platform Vivifi India Finance has raise $75 million in a Series B funding round to further extend loans to the salaried class as well as small businesses in India. This latest infusion of capital comprises $15 million in equity and $60 million in… Read More

January 25, 2024 @ 6:03 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping assistant, announced its entry into the subscription service model with the launch of Klarna Plus, issued by WebBank, now available to eligible US consumers through the Klarna app “for a monthly fee of $7.99.” Klarna Plus… Read More

January 25, 2024 @ 5:57 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT) announced recently its activation of crypto capabilities in several new international markets in Asia, Europe, North America and South America with existing clients Hapi and SogoTrade. Bakkt and stock trading platform Hapi have reportedly “broadened their active crypto trading capabilities… Read More

January 25, 2024 @ 12:40 pm By JD Alois  |  

Payments platform Ebanx has distributed a report covering some developing markets, predicting that the digital economy – including payments – will top $1 trillion in Latin America and Africa by 2026. As we all know, global consumption is on the rise, and Ebanx says Latin… Read More

January 25, 2024 @ 12:01 pm By Omar Faridi  |  

Worldline [Euronext: WLN], a global enabler of payment services, is further expanding and enriching its partnership with Commerzbank. This extension enables Commerzbank to “offer its customers in Austria, France, Italy, the Netherlands, Spain and the United Kingdom the sending and receiving of real-time transfers in… Read More

January 25, 2024 @ 10:43 am By JD Alois  |  

The British Business Bank has published an updated list of firms in which it holds equity. According to the bank, there are 44 additional companies now on the list bringing the total to 696 individual firms – as of December 31, 2023. The shares were… Read More

January 25, 2024 @ 10:22 am By JD Alois  |  

CapitalRise, an online property investment platform, is reporting that it has returned over £159 million to investors since 2016. CapitalRise focuses on superprime property investments in the UK – typically central London. The £150 million hurdle was topped following a £9 million senior bridge loan… Read More

January 25, 2024 @ 9:20 am By JD Alois  |  

Digital bank Zopa and ClearScore report they have surpassed 10 million consumer actions that aim to boost the financial resilience of UK consumers as part of the 2025 Fintech Pledge. The coalition also hit 50 partners with the addition of SalesForc. The Fintech Pledge had… Read More

January 25, 2024 @ 9:00 am By Omar Faridi  |  

After many shakeups in the past year, 2024 is expected to be a difficult year for the entire banking sector. We recently connected with Jeff Nowicki, VP of Banking at Treasury Prime, the embedded finance software company, to discuss banking trends for 2024 and beyond…. Read More

January 25, 2024 @ 7:50 am By Omar Faridi  |  

Luma Financial Technologies, an independent multi-issuer structured products and annuities platform, has expanded its partnership with Yieldstreet, a private market investment platform, to bring Yieldstreet’s diverse offerings to Luma’s customer base. In doing so, Luma is broadening Registered Investment Advisors (RIAs) access “to alternative investment… Read More

January 25, 2024 @ 7:37 am By Omar Faridi  |  

Ingenico, a global enabler of payment acceptance and services, has announced a strategic partnership with Cybersource, Visa’s agnostic global payment and fraud management platform. The partnership will create a global unified commerce solution “for use in Asia Pacific first, followed by other regions.” The partnership… Read More

January 25, 2024 @ 6:55 am By Omar Faridi  |  

Experian has shared an important update which reveals that UK consumers may switch and save £672 annually as lower interest credit returns in 2024. According to a blog post by Experian, savvy Brits are already “taking advantage with searches for balance transfer credit cards up… Read More

January 24, 2024 @ 10:23 pm By JD Alois  |  

WealthKernel has raised £6 million in a Series A funding round, according to the company. Details on the investment were not disclosed. The funding round was led by ETFS Capital with the participation of XTX Ventures. Karan Shanmugarajah, CEO of WealthKernel, said the funding came… Read More

January 24, 2024 @ 6:54 pm By JD Alois  |  

Enterprise blockchain firm R3 has hired Kate Karimson as its new Chief Commercial Officer. According to R3, Karimson joins after executive positions at the CME Group, BrokerTec, ICAP, and LedgerEdge. R3 CEO and founder David Rutter said they are focused on progressing in the capital… Read More

January 24, 2024 @ 2:24 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, launched its Compliance Suite, an all-in-one identity verification solution “that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.” Onfido’s Compliance Suite reportedly “introduces qualified… Read More

January 24, 2024 @ 12:25 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has reportedly “selected Akur8’s RISK and RATE modules.” This choice will… Read More

January 24, 2024 @ 10:10 am By Omar Faridi  |  

Plannix, a personal finance hub that helps with wealth tracking, portfolio management, and financial planning, teams up with Salt Edge, a key player focused on offering open banking solutions, to enable users from Italy and beyond “to connect and view all their bank accounts in… Read More

January 24, 2024 @ 9:27 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has appointed  Stefan Walter as its new Chief Executive Officer.  Walter will step into the role on April 1, 2024 with Birgit Rutishauser acting as interim CEO. Urban Angehrn resigned from the leadership position at FINMA at the… Read More