Global

January 19, 2024 @ 9:51 am By Omar Faridi  |  

Flowdesk, a full-service digital asset trading technology firm, announces its $50 million Series B, led by Cathay Innovation along with the participation of Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI and Ripple.‍ Guilhem Chaumont, CEO and Co-Founder of Flowdesk, said: “This raise highlights the significance… Read More

January 19, 2024 @ 9:12 am By JD Alois  |  

While London remains the top European financial center, Brexit has put pressure on this status. This has created opportunities for other European financial centers, but the question remains: do they have the capacity and ability to act and gain traction? Today, the Autorité des Marchés… Read More

January 19, 2024 @ 8:41 am By Omar Faridi  |  

SME current account switching is now at the lowest level it’s been in the last decade, according to an update shared by Allica Bank. New data analyzed by Allica Bank reportedly “shows disappointingly low levels of bank switching by small and medium sized businesses over… Read More

January 19, 2024 @ 8:34 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s digital platform for student loans. This acquisition is said to be a testament to Getsafe’s direct-to-consumer approach and the company’s focus on “guiding young people as they plan for their futures.”… Read More

January 19, 2024 @ 6:44 am By Omar Faridi  |  

Mastercard (NYSE: MA) says that it is focused on unlocking efficiencies in B2B healthcare payments through innovative partnership As noted in an update from Mastercard, the firm will assist with “scaling the use of virtual cards to bring faster payments and reconciliation to healthcare providers… Read More

January 18, 2024 @ 10:02 pm By Omar Faridi  |  

ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The latest research report identifies “the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in… Read More

January 18, 2024 @ 6:48 pm By JD Alois  |  

The European Banking Authority (EBA) has shared its guidance on money laundering (ML) and terrorist financing (TF) for crypto asset service providers (CASPs). All banks must adhere to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, and crypto firms are no different. The… Read More

January 18, 2024 @ 5:57 pm By Omar Faridi  |  

Neo, the cross-border payments and FX fintech, has announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs. The Barcelona-based fintech which provides “a one-stop-shop multi-currency account for corporate treasurers recorded an… Read More

January 18, 2024 @ 4:16 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired Impendi, a sourcing and procurement services provider with a focus on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry. Impendi helps private equity companies “make sourcing and procurement decisions that increase their profitability and… Read More

January 18, 2024 @ 1:19 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) was at Davos, Switzerland, today to present their latest findings on the Fintech revolution at the World Economic Forum.  The Future of Global Fintech: Towards Resilient and Inclusive Growth was published this month and introduced today, outlining… Read More

January 18, 2024 @ 11:09 am By JD Alois  |  

Artificial intelligence [AI] and companies leading this tech sector are the new shiny. It’s almost gold rush like as people seek to invest in AI firms as the masses finally became aware that the technology has now hit mass adoption. The catalyst is ChatGPT, which… Read More

January 18, 2024 @ 9:52 am By Omar Faridi  |  

Gemini says they are pleased to announce that they’ve been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Following the launch of their EU headquarters in Ireland in 2022, Gemini is now “operational in… Read More

January 18, 2024 @ 8:42 am By JD Alois  |  

Tint Finance Services, a UK-based Fintech that aims to help SMEs simplify supply chains, said it has topped $20 million (£15m) in trade finance just six months after. Tint was founded in 2023 by a group of banking and trade professionals. The mission of the… Read More

January 18, 2024 @ 8:30 am By Omar Faridi  |  

Payhawk, a global spend management solution, is now a licensed Electronic Money Institution (EMI) in the UK. The Financial Conduct Authority reportedly granted the license “after extensive due diligence into Payhawk’s compliance, financial, and operational processes.” The new UK EMI license will allow Payhawk to… Read More

January 18, 2024 @ 8:19 am By Omar Faridi  |  

Estateguru is reporting that it saw €10.1M in loan repayments in December, with an additional €0.4M from recovered loans. As noted in a blog post by Etstateguru, total returns “amounted to €1.1M, with an average return rate of 9.5%.” Estateguru further noted that they have… Read More

January 18, 2024 @ 6:22 am By Omar Faridi  |  

Honeywell (NASDAQ: HON) announced the closing of a $300 million equity fundraise for Quantinuum, the integrated quantum computing company, at a pre-money valuation of $5 billion. The investment round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen… Read More

January 17, 2024 @ 9:21 pm By Omar Faridi  |  

NatWest has launched an Energy Help and Support tool to help UK businesses reduce their energy usage, cut their carbon emissions and potentially “save money on their energy bills this winter.” Research from the bank has found “that 45% of small businesses say rising energy… Read More

January 17, 2024 @ 3:57 pm By Omar Faridi  |  

Ernst & Young LLP (EY US) announced the release of its inaugural Consumer Products and Retail Executive Pulse, which shows that amid “ongoing economic pressures, CPG and retail leaders alike are planning to invest in artificial intelligence (AI), supply chain and industry convergence to tap… Read More

January 17, 2024 @ 3:52 pm By Omar Faridi  |  

Visa (NYSE:V) announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform. With the transaction complete, the combination of Visa and Pismo will “provide clients with core banking and card-issuer processing capabilities across all product types via… Read More

January 17, 2024 @ 1:50 pm By Omar Faridi  |  

Tether, which claims to be the largest company in the cryptocurrency industry, and rhino.fi, a DeFi bridge, have announced a strategic collaboration aimed “at enhancing cross-chain transactions and improving the user experience for USDt within the DeFi space.” This collaboration will aim to “facilitate easier… Read More