Global

November 19, 2023 @ 2:15 pm By Omar Faridi  |  

Foodics, the restaurant management and payment solutions in MENA, announced its collaboration with Suplyd in Egypt, the digital supply chain management and procurement platform. This partnership offers a comprehensive supply chain management solution to restaurants in Egypt, making it easier “for restaurant owners to manage… Read More

November 19, 2023 @ 12:57 pm By Omar Faridi  |  

At the XI Congress of Financiers of Kazakhstan, a new central bank digital currency (CBDC)-linked debit card – the Digital Tenge Card – was presented. As a part of the 30th anniversary celebration of the national currency, the first payment transaction was “made at the… Read More

November 19, 2023 @ 9:29 am By Omar Faridi  |  

X-Change Financial Access (XFA), a division of Marex and an execution broker for exchange-traded derivatives, and Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced a partnership to automate quoting for flexible exchange options (FLEX options). Called FLEX-FA, the new platform… Read More

November 18, 2023 @ 5:41 pm By Omar Faridi  |  

Unchained announced that Bakkt (NYSE: BKKT) has agreed to join its network of collaborative custody partners. Bakkt joins Coincover and Kingdom Trust “as members of the network, providing Unchained’s collaborative custody offering with the greatest breadth in the industry, giving clients the most security and… Read More

November 18, 2023 @ 4:03 pm By Omar Faridi  |  

More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey. The survey – now in its third consecutive year – “queried 345 investors and analysts across geographies, assets classes, and investment approaches… Read More

November 18, 2023 @ 12:39 pm By Michael Wong  |  

Silverflow, a could-based payments processing startup, announced raising €15 million ($16.4 million) in a funding round anchored by industry veterans and payments experts at Global Paytech Ventures. The round was also backed by Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors, with… Read More

November 18, 2023 @ 12:08 pm By Michael Wong  |  

Fintech lending is expected to surpass traditional banking by 2030, according to a recent report by the Centre for Advanced Financial Research and Learning (CAFRAL). The forecast by CAFRAL, an independent body established by the Reserve Bank of India (RBI) in 2011, underscores the profound… Read More

November 18, 2023 @ 11:15 am By Omar Faridi  |  

US investment banks have less budget and workforce to devote to fighting financial crime and adhere to changing regulation, according to the 2023 KYC Banking Trends Report by Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management… Read More

November 18, 2023 @ 7:11 am By Omar Faridi  |  

Bybit, which claims to be one of the most visited crypto exchanges, is pleased to announce the launch of its dedicated Broker Program, “welcoming white-label exchanges, asset management platforms, trading terminals, trading platforms, strategy aggregators, and trading firms seeking to dive into the world of… Read More

November 17, 2023 @ 5:06 pm By Omar Faridi  |  

ThetaRay, a global enabler of AI-powered financial crime detection solutions, is announcing its partnership with Neema, a payments network for businesses. This collaboration marks a significant milestone in “the fight against financial crime, as it combines ThetaRay’s advanced artificial intelligence technology with Neema’s real-time payments… Read More

November 17, 2023 @ 10:05 am By Omar Faridi  |  

lastminute.com N.V., the European Travel-Tech firm focused on Dynamic Holiday Packages, announces its appointment of Checkout.com as its global payment service provider. Recently celebrating its 25-year anniversary, the lastminute Group is described as “an iconic online travel destination serving millions of customers annually with holiday… Read More

November 17, 2023 @ 9:56 am By JD Alois  |  

Distributed ledger technology, or blockchain, received some good news regarding its utility in establishment finance. Speaking at the annual Singapore Fintech Festival, Umar Farooq, JP Morgan’s (NYSE:JPM) Global Head of Financial Institution Payments, said that JPM Coin is now doing approximately $1 billion daily in… Read More

November 17, 2023 @ 9:19 am By Omar Faridi  |  

HYPR, The Identity Assurance Company, and Yubico (NASDAQ: YUBICO), the provider of hardware authentication security keys, have published a new study on challenges, perceptions and outcomes in “the usage of password and passwordless authentication technologies.” The report, titled “Transcending Passwords: The Next Generation of Authentication”… Read More

November 17, 2023 @ 9:17 am By Omar Faridi  |  

Iute Group reports that its performing loans portfolio and revenue continued to grow in the 9 months of 2023. The company has further shared the following financial and operational updates: Number of active customers declined “to 282 thousand (31 Dec. 2022: 293 thousand) but the… Read More

November 17, 2023 @ 9:03 am By Omar Faridi  |  

At Gemini, they believe that the crypto ecosystem must include guardrails and an appropriate level of transparency to protect users from financial crime and fraud. Gemini claim they have always “been dedicated to regulatory compliance and believe that adherence to the Travel Rule is an… Read More

November 17, 2023 @ 8:47 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has delivered a mortgage offer in just four days “for a Key Worker looking to purchase their first home.” The borrower, a nurse, was “seeking finance for a residential property in Tilbury, for her first home.” As noted… Read More

November 17, 2023 @ 8:42 am By Omar Faridi  |  

OurCrowd, a global digital investment platform, and RISE, the corporate innovation powerhouse based out of Southeast Asia, announced the launch of the ROCX (Rise OurCrowd Exponential) Fund. The $50 million fund is Thailand’s “first” Israel-focused VC fund and “will invest in early-stage deep technologies in… Read More

November 17, 2023 @ 7:22 am By Omar Faridi  |  

Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools “as the reason for a 31X increase in deepfakes1 and 5X increase… Read More

November 16, 2023 @ 10:33 pm By Omar Faridi  |  

Feedzai, the provider of financial crime and risk management solutions, has partnered with CoreCard, the international provider of prepaid and credit technology solutions and processing services to banks and the financial technology and services market. The partnership will enhance CoreCard’s fraud detection and prevention capabilities… Read More

November 16, 2023 @ 10:00 pm By Omar Faridi  |  

Banking Circle S.A. announced a partnership with Ant Group to work on a pioneering liquidity management project, “exploring technology innovations on tokenized deposits which will improve efficiency and speed of global fund settlements.” Banking Circle infrastructure and the blockchain platform “developed by Ant Group will… Read More