Global

October 28, 2023 @ 4:31 pm By Omar Faridi  |  

A significant 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian. The research sheds light on the prevalence of negative feelings and angst “related to financial matters, with approximately 65%… Read More

October 28, 2023 @ 1:17 pm By Omar Faridi  |  

Percent, the private credit platform that has created the modern credit marketplace, announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments. The study, titled “Coalition Greenwich 2023… Read More

October 28, 2023 @ 10:27 am By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services and part of The Linux Foundation, announced that FINOS Common Cloud Controls (FINOS CCC), “a set of open standards that describes consistent controls for compliant cloud deployments in the financial services… Read More

October 28, 2023 @ 9:25 am By Omar Faridi  |  

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced NYSE LaunchPad. This program is designed to help today’s entrepreneurs “leverage enterprise technology expertise through a secure, cloud-based platform.” As part of the… Read More

October 27, 2023 @ 10:53 pm By Omar Faridi  |  

Financial super app Curve, which consolidates all your debit and credit cards into one card and app, has just launched its first ever credit card in the UK. The new Curve credit card “has all the bells and whistles of Curve, supercharged with greater security… Read More

October 27, 2023 @ 6:02 pm By Omar Faridi  |  

Thunes, the global B2B payment infrastructure platform, and China Construction Bank (CCB), a commercial bank in China, have announced partnership to collaborate on cross-border payments. With the new relationship, Thunes will support the bank “to enable international payment acceptance for Chinese small to medium-sized businesses… Read More

October 27, 2023 @ 4:50 pm By Omar Faridi  |  

Upfort, a cyber security and insurance platform, today announced it has raised $8 million in a Series A funding round led by SYN Ventures, “with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round.” This investment round advances Upfort’s goal “to simplify… Read More

October 27, 2023 @ 4:47 pm By Omar Faridi  |  

Synechron, Inc., a global digital transformation consulting firm focused on the financial services and big technology organizations, announced the launch of its RiskTech.AI Accelerators program. The program offers a suite of five solutions “that strategically integrate cutting-edge Artificial Intelligence (AI) or Generative AI (GenAI) tools… Read More

October 27, 2023 @ 4:44 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms were not disclosed. Founded in Mexico City in 2012, MNEMO Mexico “has 229 cybersecurity professionals and 180 cybersecurity industry certifications with key ecosystem partners.” The company’s portfolio… Read More

October 27, 2023 @ 1:02 pm By JD Alois  |  

Twinco Capital has received a €50 million debt facility from BBVA Spark for supply chain financing. Twinco, a European Fintech founded by female entrepreneurs, says it will use the funding to provide the first sustainable supply chain finance solution in the market. Twinco CEO Sandra… Read More

October 27, 2023 @ 12:49 pm By Omar Faridi  |  

We recently spoke with Markus Prommik, CEO and Co-founder of Finfra, a Fintech platform that develops white-labeled lending products for non-Fintech companies seeking to integrate financial services into their platforms. Based in Jakarta, Indonesia, Finfra not only provides practical embedded lending solutions to their clients… Read More

October 27, 2023 @ 10:51 am By JD Alois  |  

The French Autorite des Marches Financiers (AMF)and the US Commodities Futures Trading Commission (CFTC) have signed an MOU [memorandum of understanding] to collaborate on supervised firms. The AMF regulates securities as well while the CFTC is focused on commodities and futures. As financial services have… Read More

October 27, 2023 @ 7:58 am By Omar Faridi  |  

Sygnum, the digital asset bank, announces an innovative new private debt asset token with Float, a Stockholm-based Capital-as-a-Service company. Fasanara Capital, one of Europe’s largest credit funds in Fintech, is acting “as senior lender.” New asset token offering “gives clients direct access to a unique… Read More

October 27, 2023 @ 7:56 am By Omar Faridi  |  

The team at Kota are pleased to share that we have raised a €5M Seed round led by our new partners, EQT Ventures, with participation from early partners Northzone and Frontline Ventures, “as well as some incredible new angels including Job van der Voort of… Read More

October 27, 2023 @ 7:50 am By Omar Faridi  |  

SeedBlink, Europe’s tech-focused venture investment and equity management platform, has introduced a series of product enhancements as part of its Fall Release. SeedBlink is approved to operate across the EU under the new ECSPR regime. Based in Romania, the platform has expanded rapidly across the… Read More

October 27, 2023 @ 7:41 am By Omar Faridi  |  

Uk’s digital bank Monzo is reportedly holding discussions in order to potentially sell a new £300 million stake. As first reported by Sky News, the share sale, which may value Monzo at over £3.5 billion, is probably the final such transaction before it goes after… Read More

October 26, 2023 @ 11:10 pm By Omar Faridi  |  

UK’s “greener” digital bank Tandem has committed to a new office in London, “reconfirming its commitment to the UK’s fintech capital.” The new site, located in 10 Bloomsbury Way, London WC1A 2SL “offers an excellent location with facilities and infrastructure, enabling Tandem to add yet… Read More

October 26, 2023 @ 10:13 pm By Omar Faridi  |  

Elavon Financial Services DAC, a wholly owned subsidiary of U.S. Bank, has been authorized as a licensed provider of financial services by the Bank of England. With Elavon having more than three decades of experience in global payments, and U.S. Bank a long history in… Read More

October 26, 2023 @ 10:09 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced the expansion of its consulting business with the launch of new practices dedicated to artificial intelligence and economics “to help clients across all industries rapidly and responsibly advance the use of AI and address ever-shifting macro-economic forces and consumer preferences.” The… Read More

October 26, 2023 @ 10:06 pm By Omar Faridi  |  

First Trust’s two new products raise the total number of ETFs traded at SIX Swiss Exchange to 1,710. Société Générale takes over market making “for continuous liquidity provision.” Christian Reuss, Head SIX Swiss Exchange, said: “We warmly welcome First Trust Global Funds plc as new… Read More