Global

September 18, 2023 @ 11:12 am By Michael Wong  |  

Institutional investors are increasingly valuing the significance of digital assets in their diversified investment portfolios, according to new research from London-based regulated digital assets hedge fund Nickel Digital Asset Management. The research highlights a growing consensus on the incorporation of digital assets to ensure diversification…. Read More

September 18, 2023 @ 8:32 am By Omar Faridi  |  

Justt, a firm focused on smart chargeback automation, announced it has joined Forter‘s Partner Program to help automate and streamline chargeback management at scale within a single platform. Chargebacks are a growing and costly challenge “for merchants with friendly fraud and service chargebacks increasing exponentially… Read More

September 17, 2023 @ 11:49 pm By Omar Faridi  |  

Trade Republic expands its offering: from now on, customers can invest in 500 liquid government and corporate bonds on a daily basis to secure high interest rates over the long term. Christian Hecker, co-founder of Trade Republic, said: “Especially in the current environment, bonds are… Read More

September 17, 2023 @ 9:59 pm By Omar Faridi  |  

Recharge, a firm focused on the prepaid payments industry, has announced its successful acquisition of Startselect, a European digital gift and gaming cards company. This move reportedly positions the company on course “to generate 750 million EUR in annual sales in 2024.” Since 2010 Recharge… Read More

September 17, 2023 @ 6:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The report finds that a focus on faster payment rails “represents a significant market… Read More

September 17, 2023 @ 3:11 pm By Michael Wong  |  

Nanofiber Quantum Technologies Inc. (NanoQT) announced a successful $8.5 million fundraising round, anchored by  global venture capital firms. The round was backed by US’s Phoenix Venture Partners (PvP) and Japan’s JAFCO Group Co Ltd, SPARX Group Co Ltd, Keio Innovation Initiative, Inc. (KII), and Waseda… Read More

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

In a landmark move to fortify commercial ties between Hong Kong and Saudi Arabia, the Saudi Arabia-China Entrepreneurs Association (SCEA) signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC). The MoU was inked during the eighth Belt and Road Summit…. Read More

September 17, 2023 @ 11:14 am By Omar Faridi  |  

State Bank of India (SBI), India’s largest bank, announced reduced customer verification time from 24 hours to just minutes in a partnership with Onfido, the global provider of automated identity verification and authentication solutions. SBI (UK) Ltd, the subsidiary of SBI in the UK, is… Read More

September 16, 2023 @ 5:15 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform for enterprise businesses, has now issued over two billion active network tokens. This milestone shows that Adyen is paving the way for businesses “to embrace the innovation of network tokenization which converts regular card numbers into secure… Read More

September 16, 2023 @ 5:12 pm By Tony Zerucha  |  

While the Great Resignation might have subsided, the Crowe Bank Compensation and Benefits Survey shows that banks continue to struggle to retain younger talent. According to the 2023 edition, nearly 65% of respondents noted it’s been somewhat or very challenging to remain competitive among the… Read More

September 16, 2023 @ 5:07 pm By Tony Zerucha  |  

United Kingdom Fintech Paysend and Visa this week announced a strategic collaboration enabling Paysend’s customers globally to send money in real-time to eligible Visa cards across 170 countries and territories. The five-year partnership aims to revolutionize international money transfers through Visa Direct, Visa’s real-time money… Read More

September 16, 2023 @ 4:51 pm By Omar Faridi  |  

Riskified (NYSE:RSKD), a firm focused on ecommerce fraud and risk intelligence, published “Policy Abuse and Its Impact on Merchants: Global Benchmarks 2023,” revealing how consumer misuse of refunds, returns, and promotional programs, “alongside resellers, is forcing retailers and other merchants to strike a difficult balance… Read More

September 16, 2023 @ 4:48 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, is allocating a $10 million loan to Uzbekistan’s Ipak Yuli Bank in a bid to bolster the bank’s lending initiatives directed at small and medium enterprises (SMEs), especially those owned by women. The… Read More

September 16, 2023 @ 10:09 am By Omar Faridi  |  

Nicolas Benady, CEO at Swan, says that the fundraising is significant for reinforcing the quality and scale of their product, and it’s also notable for their customers. With Swan, it’s reportedly easy for European companies “to embed banking into their own product and reap the… Read More

September 16, 2023 @ 9:47 am By Michael Wong  |  

Defense AI firm Helsing has announced raising €209 million in its Series B funding round anchored by General Catalyst and backed by strategic investment from the renowned Swedish group, Saab. Established in 2021, Helsing’s identity is carved as a contemporary defense firm, primarily focusing on… Read More

September 15, 2023 @ 6:18 pm By Omar Faridi  |  

CertifID, a wire fraud protection company, today announced $20M in new funding. CertifID’s Series B raise was led by Arthur Ventures, which also invested in CertifID’s $12.5M Series A in May 2022. CertifID’s Series B investment round comes on “the heels of strong adoption of… Read More

September 15, 2023 @ 4:45 pm By Omar Faridi  |  

Chainlink notes that, ANZ Bank,, one of the largest institutional banks in Australia, used Chainlink CCIP to successfully demonstrate a cross-chain purchase of tokenized assets “with A$DC, an ANZ-issued stablecoin of the Australian Dollar.” .@ANZ_AU, one of the largest institutional banks in Australia, used Chainlink… Read More

September 15, 2023 @ 12:17 pm By Omar Faridi  |  

US-headquartered crypto firm Ripple recently stated that it intends to keep fighting the current lawsuit with the US Securities and Exchange Commission (SEC). The dustup with the regulator is emblematic of the broader challenges digital asset firms face in the US as the SEC has… Read More

September 15, 2023 @ 12:11 pm By Omar Faridi  |  

The team at TWINO is pleased to announce the expansion of TWINO Group lending operations into the Philippines, in a continued partnership with VIA SMS Group under the VAMO brand. Thus, VAMO Philippines securities are now “available for investments on TWINO platform allowing you to… Read More

September 15, 2023 @ 10:47 am By Omar Faridi  |  

ClearBank Ltd., an enabler of bank accounts, real-time clearing, and embedded banking for financial institutions, presents its unaudited H1 2023 results. The bank saw “a 144% YoY increase in revenues from £20.2m in H1 2022 to £49.3m in H1 2023.” Over the same period, customer… Read More