Global

October 8, 2023 @ 1:56 pm By Omar Faridi  |  

In compliance with the updated Financial Promotions Regime, Binance has reportedly launched a new domain for UK users and partnered with Rebuildingsociety.com Limited which will “approve Binance’s marketing and communications materials.” Rebuildingsociety.com is an FCA regulated firm which is “authorized to approve crypto marketing and… Read More

October 7, 2023 @ 3:40 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, has joined J.P. Morgan’s Payments Partner Network. This ecosystem of end-to-end payment solutions is “designed to meet business needs at any scale.” As part of the Payments Partner Network, Modern Treasury is “making it… Read More

October 7, 2023 @ 3:38 pm By Omar Faridi  |  

Galileo Financial Technologies, LLC, a Fintech owned by SoFi (NASDAQ: SOFI), announced that its Galileo Buy Now, Pay Later (BNPL) offering is now available for lenders to offer it as a service for their small business clients (SMBs). In partnership with Mastercard, banks and fintechs working… Read More

October 7, 2023 @ 3:34 pm By Omar Faridi  |  

NatWest has launched a new transaction categorization service called Enriched Transactions, which is available to businesses, such as Account Information Service Providers (AISPs) and lending providers, to integrate with their apps and digital platforms. By making the API-enabled service available to businesses, NatWest claims it… Read More

October 7, 2023 @ 3:22 pm By Omar Faridi  |  

In early 2023, TrustPay has reportedly received its Payment Initiation Service Provider (PISP) license and following that, they claim to have selected a partner “with a large reach of connected banks to widen their own reach.” As a Slovakian payments service provider or PSP, TrustPay… Read More

October 6, 2023 @ 5:00 pm By JD Alois  |  

Komainu, a digital asset platform for institutions, says it is now registered with the UK Financial Conduct Authority (FCA) and will provide a custodial wallet service for clients.  Komainu must adhere to AML/KYC rules. Komainu will offer crypto-custody services in the UK, including collateral management… Read More

October 6, 2023 @ 11:45 am By Omar Faridi  |  

LendInvest (LSE:LINV), which claims to be the UK’s leading platform for mortgages, has made key reductions to its Residential Mortgage range as it continues “to improve its offering for key workers, the self-employed and those with complex income streams and credit histories.” The lender’s Residential… Read More

October 6, 2023 @ 9:41 am By Omar Faridi  |  

Kraken is pleased to announce their planned acquisition of Coin Meester B.V. (BCM) in the Netherlands. The deal highlights our commitment “to growing their business in Europe by leveraging our strong financial position and highly competitive product offering.” Founded in 2017, BCM claims it is… Read More

October 6, 2023 @ 9:01 am By Omar Faridi  |  

Metro Bank (MTRO.L)has had a challenging week. Reports that the UK-based challenger bank had been planning to raise as much as £600 million from investors led to financial regulators asking the bank’s management to have a sit-down meeting. Although shares in the banking institution fell… Read More

October 6, 2023 @ 8:49 am By Omar Faridi  |  

At Coinbase (NASDAQ:COIN), they’re working hard to help update the financial system by building trusted products that aim to “expand the utility and adoption of crypto because they believe crypto and blockchain technology have the ability to increase economic freedom and opportunity around the world.”… Read More

October 6, 2023 @ 8:45 am By Omar Faridi  |  

Habyt, the flexible housing provider, has raised €40M in a series C round as it expands globally and consolidates its market share. This investment round is “led by the new investors Korelya Capital (Paris-based) and Deutsche Invest (Munich-based). It was also participated by new investors… Read More

October 6, 2023 @ 8:39 am By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech UK – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the UK FinTech space. The UK Fintech startup ecosystem “ranks third in terms of overall funding, after… Read More

October 5, 2023 @ 11:55 pm By Omar Faridi  |  

A spending downturn in the retail and e-commerce sector drove a $2.9 billion YoY nation-wide drop in online spending, according to the Q3 Digital Economy Index from global financial platform Airwallex. The quarterly Airwallex Digital Economy Index “records year-on-year and quarter-on-quarter snapshots of the digital… Read More

October 5, 2023 @ 10:23 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions, has expanded its longstanding relationship with Swift by joining the Swift Partner Program as a Platform Partner. As a Partner, Fiserv will “enable connectivity to Swift APIs and enhance support for… Read More

October 5, 2023 @ 6:08 pm By JD Alois  |  

Invesdor, a securities crowdfunding platform approved to operate across the European Union, is touting a recent successful funding round that was listed on Oneplanetcrowd but saw solid participation across Invesdor’s home base. Oneplanetcrowd, an impact funding platform that focuses on green securities offerings, was acquired… Read More

October 5, 2023 @ 10:25 am By Omar Faridi  |  

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

October 5, 2023 @ 9:58 am By Omar Faridi  |  

The UK’s smallest companies could generate £77.3bn of extra revenue and create 885,000 new jobs if they “all digitalized at the rate of the top 20% of tech adopters.” This is according to new research from Xero, the global small business platform, and economics consultant,… Read More

October 5, 2023 @ 9:53 am By Omar Faridi  |  

wefox, which claims tobe one of the leading insurtech firms, has been appointed as affinity insurance partner by WINDTRE, Italy’s telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, “to provide insurance directly to its customers.” wefox will provide “a range of… Read More

October 5, 2023 @ 9:46 am By Omar Faridi  |  

Berlin-based online bank N26 has launched its new full-funnel, multi-channel global brand campaign, ‘This is how I bank’. The campaign showcases how N26’s innovative and customer-centric approach “to banking gives everyone the confidence and freedom to bank where, when, and exactly how they want to.”… Read More

October 5, 2023 @ 9:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly made a deal with primary backer SoftBank on a change to the latter’s shareholding, a strategic move that will clear away a significant barrier in the fintech firm’s pursuit of a UK banking license. The Bank of England’s Prudential Regulation… Read More