Global

October 10, 2023 @ 3:47 pm By Omar Faridi  |  

Following the success in decarbonizing the fashion industry, HeavyFinance reveals that the co-founder of pre-loved clothes marketplace Vinted, Mantas Mikuckas, invests 1M Euros in order to support the green transformation of agriculture. As noted in the update, debt capital will be “deployed to small and… Read More

October 10, 2023 @ 3:19 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: Canada Tech – Q3 2023. The report, based on Tracxn’s extensive database, “provides insights into the Canada Tech space.” The Canada Tech startup ecosystem “received its highest-ever funding of $5.12 billion in… Read More

October 10, 2023 @ 9:29 am By JD Alois  |  

The Bank of England, Financial Policy Committee (FPC), has posted its financial policy statement, which is a bit gloomy. The FPC says, “Inflation, higher interest rates, and geopolitical tensions make the current risk outlook challenging.” The overall outlook for economic growth remains muted, and if… Read More

October 10, 2023 @ 9:20 am By Omar Faridi  |  

Nationwide Building Society’s longstanding commitment to the High Street means it now has the largest number of branches in the UK – which is “more than any other banking brand.” Research from Britain’s biggest building society reveals “around two thirds of people (63%) value their… Read More

October 10, 2023 @ 9:06 am By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International, has shared insights on the latest developments in the Bitcoin (BTC) and digital assets markets. Analyzing BTC supply, Greco notes that approximately 68.5% of “the total circulating supply has… Read More

October 10, 2023 @ 8:58 am By Omar Faridi  |  

Oil prices surged by 5% following Hamas’ unexpected attack on Israel over the weekend, but investors need to avoid “knee-jerk reactions,” warns the CEO of an independent financial advisory, asset management and fintech organization. The warning from Nigel Green of deVere Group comes “as global… Read More

October 10, 2023 @ 8:55 am By Omar Faridi  |  

Crypto.com says it’s compliant with the UK Financial Conduct Authority’s (FCA) new rules that went into effect on October 8th. UK customers continue to have uninterrupted access to Crypto.com’s products and services. Crypto.com says it’s “deeply committed to developing their platform and presence in the UK… Read More

October 9, 2023 @ 5:43 pm By Omar Faridi  |  

TRM Labs is pleased to announce the appointment of Ethan Bronstein and LC Cook to leadership roles on the US sales team. Ethan Bronstein joins TRM Labs “as VP National Security Sales and LC Cook joins the company as VP Civilian Sales.” These strategic new… Read More

October 9, 2023 @ 12:58 pm By Tony Zerucha  |  

United Kingdom regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), have proposed measures to boost diversity and inclusion in financial services. In consultation papers published this month, the financial regulators have proposed to “boost diversity and inclusion to support healthy work cultures, reduce… Read More

October 9, 2023 @ 12:10 pm By JD Alois  |  

OurCrowd, one of the largest global securities crowdfunding platforms in operation, has issued a statement on the ongoing war in Israel. OurCrowd’s headquarters are based in Jerusalem, and many of its investments are in the tech firms within the hot Israeli startup scene. In the… Read More

October 9, 2023 @ 10:21 am By Omar Faridi  |  

wefox is stepping up its plans for profitable growth and global expansion with the appointment of Jonathan Wismer as its new Group Chief Financial Officer (CFO) “effective 1 October 2023.” Wismer joins the company’s executive team and “reports to CEO Julian Teicke, founder of wefox.”… Read More

October 9, 2023 @ 10:09 am By Omar Faridi  |  

The crypto ecosystem faced significant challenges this year, the team at Gemini noted in a recent update. Despite the various headwinds, talented individuals across all our teams “have continued to build every day during the bear market,” Gemini claims. As they mark Gemini’s 8th anniversary,… Read More

October 9, 2023 @ 9:31 am By Omar Faridi  |  

CaixaBank was the exclusive financial adviser to secure €132 million in financing for Eranovum, a Spanish group that is working “to streamline the energy transition, and its international partners Noy Fund and Nofar Energy.” This financing will be “allocated to develop the solar plant in… Read More

October 9, 2023 @ 8:50 am By JD Alois  |  

A crypto firm based in Switzerland says demand is increasing for crypto products, including blockchain technology and affiliated products. According to XEROF, in a report covering the first 6 months of 2023, transaction service demand has experienced “extreme growth” in volumes, specifically for crypto to… Read More

October 9, 2023 @ 8:11 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany, has entered into an agreement to acquire the German customer base of French insurtech Luko. With over 550,000 customers across Germany, the UK, France, and Austria, Getsafe “is rapidly expanding its reach in Europe.” The acquisition covers Luko’s entire… Read More

October 8, 2023 @ 6:26 pm By Omar Faridi  |  

Digital identity verification is a term that is rapidly evolving and often is given different definitions. Juniper Research considers digital identity to be: ‘A digital representation of an entity; this can be one or more individual pieces of identifying data, an event, or a signal… Read More

October 8, 2023 @ 6:19 pm By Omar Faridi  |  

In a key move in the Brazilian investment market, Nubank (NYSE:NU) announces the launch of the first ETF (exchange-traded fund) in Brazil that pays monthly dividends to shareholders: Nu Renda Ibov Smart Dividendos (NDIV11). The new product results from “a partnership between Nubank’s investment fund… Read More

October 8, 2023 @ 3:42 pm By Omar Faridi  |  

Veriff, a global identity verification (IDV) provider, launched its new Fraud Protect & Fraud Intelligence packages. These offerings aims to “provide organizations powerful tools and expertise to mitigate fraud attempts and verify more genuine users efficiently.” Each package is tailored “towards meeting the specific needs… Read More

October 8, 2023 @ 2:49 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on the crypto ecosystem in Latin America and the Caribbean (LAC). CCAF is the leading research organization in the world studying innovation in financial services – Fintech. The Centre is noted for its evidence-based… Read More

October 8, 2023 @ 2:47 pm By Omar Faridi  |  

Gemba Finance, a provider of innovative banking and financial management solutions, and ThetaRay, the firm focused on next-generation AI-powered trusted global payments, announced the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, in order “to power Gemba’s growth, while reducing regulatory exposure which frequently hampers… Read More