Global

October 12, 2023 @ 10:50 am By Omar Faridi  |  

The Central Bank of Jordan (CBJ) has taken a significant step towards modernizing the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services. These guidelines apply to all banks operating “within the jurisdiction of CBJ, as well as online payment… Read More

October 12, 2023 @ 9:08 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch. Shopping lens, the flagship new feature, “allows shoppers to take a picture of things and styles in their surroundings, instantly find… Read More

October 12, 2023 @ 8:46 am By Omar Faridi  |  

cahoot, the UK-based online bank, has increased the interest offered on its Simple Saver account. cahoot Simple Saver (issue 2) now “pays customers 5.12% AER/gross variable rate interest for 12 months, on balances up to £500,0001.” Simple Saver (issue 2) is described as an easy… Read More

October 12, 2023 @ 8:39 am By Omar Faridi  |  

Zilch, the UK-headquartered ad-subsidized payments network, today proudly unveils Zilch Up – a product dedicated to empowering people typically excluded from mainstream credit. This will create access for millions “to build their financial profiles safely and responsibly and without paying any interest.” The introduction of… Read More

October 11, 2023 @ 6:22 pm By Omar Faridi  |  

In a step forward for the advancement and security of the Radix ecosystem, Hacken has officially announced its collaboration with Radix. The partnership establishes Hacken as the “go-to” authority “for performing in-depth code audits for projects built on the Radix platform.” Founded in 2017, Hacken… Read More

October 11, 2023 @ 12:30 pm By Omar Faridi  |  

Orum, the API for fast, reliable payments, today announced the launch of Verify, the first ever product built on top of FedNow, the Federal Reserve’s new instant payment rail. Orum’s patented technology – Verify – “determines within 15 seconds whether a bank account is open… Read More

October 11, 2023 @ 11:03 am By JD Alois  |  

Fintech Acorns has announced a new Premium Tier service that incorporates access to GoHenry. Acorns is a platform that enables investing, leaning heavily on long-term goals and enabling automated investments. To date, Acorsn reports more than $16 billion in investments. GoHenry was launched in the… Read More

October 11, 2023 @ 10:37 am By Omar Faridi  |  

Kushki, the payments technology company that connects Latin America through payments, is announcing that it has become the first next-generation merchant acquirer in the region. This includes primary membership with Visa and Mastercard in Mexico, Chile, Peru and Colombia through “a partnership, all delivered through… Read More

October 11, 2023 @ 10:34 am By Omar Faridi  |  

As Klarpay moves past Q3 2023, they have reflected on their recent achievements and upcoming endeavors. Klarpay claims that it has been dedicated “to expanding its services and fostering corporate social responsibility.” Klarpay further claims that it has “become a participant in the SEPA Core… Read More

October 11, 2023 @ 9:29 am By Omar Faridi  |  

Digital bank Revolut has introduced the updated version of its app — Revolut 10 — for its 35 million+ international clients. Revolut noted that clients had asked for all things money made easy, so they challenged themselves to see how easy they could make Revolut… Read More

October 11, 2023 @ 9:22 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has censured London Capital & Finance (LCF) for misleading promotions in regard to mini-bonds. The FCA said it did not make sense to assess a financial penalty as LCF is effectively bankrupt and in administration. LCF went into administration… Read More

October 11, 2023 @ 8:23 am By Omar Faridi  |  

One million VRP transactions have been made by UK consumers in just a month and have been powered by TrueLayer. Moving money, simplifying savings, automating credit repayments — whatever it is, variable recurring payments are growing, according to an update from TrueLayer. The company also… Read More

October 11, 2023 @ 8:21 am By Omar Faridi  |  

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More

October 11, 2023 @ 8:16 am By Omar Faridi  |  

Scottish digital bank Alba Bank announced that it will migrate to Mambu’s cloud banking platform to manage its small and medium-sized enterprise (SME) lending services, as well as its retail and business deposits. Alba bank has been approved for a UK banking licence. Alba Bank… Read More

October 11, 2023 @ 6:11 am By Omar Faridi  |  

Onfido, the global firm focused on automated identity verification, announced the results of its partnership with umob, a Mobility as a Service (MaaS) platform that is “transforming the shared mobility and public transportation experience.” Since integrating Onfido’s technology, umob can verify new users “in under… Read More

October 11, 2023 @ 1:11 am By Omar Faridi  |  

The latest Mintos Risk Score updates based on developments and data from the second quarter of 2023 are now live on the Mintos platform. Mintos has shared the general summary of the most recent quarterly changes. An overview of historical changes in the Mintos Risk… Read More

October 11, 2023 @ 1:00 am By JD Alois  |  

Untangled Finance has raised $13.5 million in “strategic funding” as it seeks to tokenize “real world private credit assets.” This includes SME loans, invoices, and more. The funding was provided by Fasanara Capital, a UK-based investment firm and technology platform that manages around $4 billion…. Read More

October 10, 2023 @ 9:26 pm By Omar Faridi  |  

Lloyds Bank has developed a new solution where clients can request digital Direct Guarantees or Standby Letters of Credit, helping them to trade more efficiently, safely, and securely. The bank’s Paperless Guarantee initiative, “created to support businesses who have a high volume of transactions requiring… Read More

October 10, 2023 @ 5:18 pm By JD Alois  |  

Posted on the UK Financial Conduct Authority (FCA) registry today, peer-to-peer lender Rebuildingsociety was denied the ability to approve any financial promotion for a “Qualifying Cryptoasset for communication by an unauthorized person” and must withdraw any current promotion by tomorrow. After Rebuildingsociety has withdrawn all… Read More

October 10, 2023 @ 4:22 pm By JD Alois  |  

National Headquarters for Economic Combating Terrorism (EMT) of the Ministry of Defense, the Shin Bet, and Israel police have frozen accounts affiliated with Hamas in partnership with Binance, according to a report by Calcalist. The report states: “With the outbreak of the war, Hamas launched… Read More