Global

December 17, 2023 @ 10:02 pm By Tony Zerucha  |  

An industry watcher believes 2024 will be a better year for Latin American companies seeking investment. Andrew Seiz is the vice president of capital markets and investor relations for Kueski, a large Latin American BNPL and online consumer lending provider. He has extensive experience in… Read More

December 17, 2023 @ 9:51 pm By Omar Faridi  |  

Glory, a global enabler of cash technology solutions for the financial, retail, and quick service restaurant industries, announced the acquisition of additional shares in OneBanx, a fully managed shared banking solutions provider. As a result, Glory now reportedly “holds 91.99% of OneBanx’s outstanding shares. (The… Read More

December 17, 2023 @ 5:30 pm By Omar Faridi  |  

Tether, which claims to be the largest company in the cryptocurrency industry, has made public its recent letters to the members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee. Last October, a letter authored by… Read More

December 17, 2023 @ 3:48 pm By Omar Faridi  |  

CoinList, a crypto-asset platform based in the US, has reportedly agreed to a settlement of $1.2 million with the US Treasury’s Office of Foreign Assets Control (OFAC) after allegations of carrying out transactions that may have violated sanctions. As mentioned in a notice that was… Read More

December 17, 2023 @ 2:46 pm By Michael Wong  |  

Warply, a rapidly expanding fintech innovator in the Middle East and North Africa (MENA) region, has announced a significant collaboration with global payments technology company Mastercard. This partnership, formalized through a memorandum of understanding (MoU), is set to propel digital transformation in key MENA markets,… Read More

December 17, 2023 @ 6:17 am By Michael Wong  |  

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has urged for tougher regulations in the fintech sector and the operations of Bureaux de Change. This call was made by ACAEBIN Chairman, Prince Akamadu, during the association’s 57th quarterly general meeting in Lagos…. Read More

December 16, 2023 @ 5:28 pm By Omar Faridi  |  

EBANX, a global fintech company specializing in payment solutions for rising economies, announced the direct integration of Botón Bancolombia, a payment method created by Bancolombia bank, to be part of its array of available payment methods in Latin America. This strategic partnership aims “to streamline… Read More

December 16, 2023 @ 5:26 pm By Omar Faridi  |  

Visa (NYSE: V), an enabler of digital payments, announced it has entered into a definitive agreement to acquire a majority interest in Prosa, a payments processor in Mexico, to accelerate “the adoption of secure and innovative digital payments in the country.” Under the agreement, Prosa… Read More

December 16, 2023 @ 5:25 pm By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers worldwide, has announced that its customers have raised over £1 million in order “to support refugees around the world through UK for UNHCR, the UN Refugee Agency’s national partner for the UK.” The milestone… Read More

December 16, 2023 @ 5:22 pm By Omar Faridi  |  

In a key development for wholesale finance and digital asset markets, the initiation of the Sterling Fnality Payment System (£FnPS) brings together the institutional quality of central bank funds in a systemic wholesale payment system with the functionality and resilience of blockchain tech. Lloyds Banking… Read More

December 16, 2023 @ 1:33 pm By Michael Wong  |  

The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More

December 16, 2023 @ 9:49 am By Omar Faridi  |  

U.S. retail investors are more scared about the prospect of losing money than possibly missing out on the next big opportunity according to new research from trading and investing platform eToro. eToro’s Rethinking Risk research reveals “that 61% of U.S. retail investors say that their… Read More

December 16, 2023 @ 8:44 am By Michael Wong  |  

The online lending sector in India is witnessing a significant upswing, as highlighted in a recent report by the Fintech Association for Consumer Empowerment (FACE). The report details a notable annual growth of 39% in digital loan disbursement volumes and a 43% increase in value,… Read More

December 16, 2023 @ 8:41 am By Omar Faridi  |  

Promon, the provider of application shielding technology responsible for recently uncovering FjordPhantom, an emerging cyber threat targeting banks in Southeast Asia, reveals the findings of its research into “the susceptibility of the world’s top banking apps to this sophisticated new strain of malware.” In September… Read More

December 16, 2023 @ 5:45 am By Omar Faridi  |  

The e-commerce enablement startup ecosystem has reportedly experienced a modest contraction in both deal value and count in Q3, “totaling $1.6 billion across 93 deals, decreases of 16.3% and 17.0%, respectively,” according to a recent update from Pitchbook. Pitchbook noted that both figures “reflect more… Read More

December 15, 2023 @ 6:15 pm By Omar Faridi  |  

Deloitte announced expanded collaborations with academic institutions, including MIT Sloan School of Management, NYU Stern Executive Education and Center for Sustainable Business, and most recently, Arizona State University, to “create a differentiated, integrated learning program intended to enhance Deloitte professionals’ ability to help guide clients… Read More

December 15, 2023 @ 5:05 pm By Omar Faridi  |  

The Swiss credit fintech Teylor and digital asset custody and tokenization provider Taurus launch the Teylor ledger-based security, aiming “to make SME credit accessible as an asset class.” Teylor originates and manages SME loans “through its Teylor credit platform.” By tokenizing part of this credit… Read More

December 15, 2023 @ 3:20 pm By Omar Faridi  |  

ClearBank announced that it is appointing former Starling Bank and Barclays executive Megan Cooper as Chief Product Officer. Cooper will reportedly “lead ClearBank’s product management team and develop product strategy.” ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently confirmed in… Read More

December 15, 2023 @ 3:05 pm By Omar Faridi  |  

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

December 15, 2023 @ 11:50 am By Omar Faridi  |  

Digital asset firm Gemini is introducing their 2024 Crypto Trend Report. Before they explore the innovation and “promise” they see on the horizon, Gemini thinks it’s important to reflect on a volatile and challenging 2023. As mentioned in a blog post by Gemini, reverberations from… Read More