Global

August 28, 2023 @ 9:18 pm By Omar Faridi  |  

Qatar Investment Authority (QIA) has announced today an investment of ₹ 8,278 crore (approx. $1bln) into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (Reliance Industries). QIA’s investment “will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted… Read More

August 28, 2023 @ 6:02 pm By Omar Faridi  |  

Many investors are eager to embrace cryptocurrency, but don’t feel they “have the data to do so safely,” according to an update from Chainalysis. With traditional assets, there are established providers “for a variety of metrics that investors can use to assess opportunity and risk:… Read More

August 28, 2023 @ 5:11 pm By Omar Faridi  |  

The team at Deel is pleased to roll out their new series, Meet the Integrations, where they’ll spotlight all of the new integrations they’ve brought onto their Integrations Store. Since they officially launched the Deel API, they’ve “had countless organizations build custom workflows that best… Read More

August 28, 2023 @ 4:23 pm By JD Alois  |  

LHV Bank, a fully regulated bank in the UK, says the business transfer from its Estonian affiliate to the UK is now completed. LHV received its banking license in May 2023. LHV specialises in providing services for global Fintechs and SME Lending solutions for UK… Read More

August 28, 2023 @ 8:40 am By Omar Faridi  |  

Metro Bank’s ‘Scam of the Month’ of August 2023 is a warning “about the rise in malware attacks against UK bank customers.” Malware, or malicious software, is “designed by criminals to compromise devices including computers, laptops, and mobile phones.” Globally, 5.5 billion malware attacks “were… Read More

August 28, 2023 @ 8:37 am By Omar Faridi  |  

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

August 28, 2023 @ 8:30 am By Omar Faridi  |  

Research from Xero, the global small business platform, has revealed that 80% of small business owners are concerned AI development and adoption is “outpacing regulation, as generative AI tools permeate various industries and the workforce.” Xero’s Future Focus AI research “surveyed over 3,000 small business… Read More

August 28, 2023 @ 8:27 am By Omar Faridi  |  

An engineer at Alameda Research recently claimed via social media that he had his “entire life savings” stolen from him by his former boss: Sam Bankman-Fried. Now, after months of recuperation from the “craziness” of the FTX collapse, he’s ready to tell his story. He… Read More

August 28, 2023 @ 8:21 am By Omar Faridi  |  

A total of 808 venture capital (VC) funding deals “worth $8 billion were announced in the UK during January to July 2023,” according to a recent update shared by GlobalData. Both VC funding deals volume and value “witnessed considerable year-on-year (YoY) decline of 28.4% and… Read More

August 28, 2023 @ 8:18 am By Omar Faridi  |  

Brazil will require an estimated $200 billion (BRL 1 trillion) investment to reach its 2030 climate goals, according to a new study released by the World Economic Forum. That’s over $100 Billion USD more “in climate transition investments than the country is currently on track… Read More

August 27, 2023 @ 10:31 pm By Omar Faridi  |  

Emmanuel Georges, Banking Circle’s Head of France, recently explained how the payments bank is “powering the payments propositions of businesses around the world.” Emmanuel explained that Banking Circle is a payments bank “meeting the global banking and payments needs of Payments businesses, Banks and corporates”… Read More

August 27, 2023 @ 9:57 pm By Omar Faridi  |  

Anytype – the peer-to-peer web builder designed to “restore our digital freedoms and put the power of our digital lives back in our hands” – is announcing it has raised a $13.4 million round led by Balderton Capital. Inflection and Square One also “participated, as… Read More

August 27, 2023 @ 8:38 pm By Omar Faridi  |  

Num Finance, the issuer of local stablecoins in Latin America, has launched its newest stablecoin, nCOP. Designed to be pegged to the Colombian Peso, nCOP is now “live on the Polygon network, Num Finance’s primary blockchain partner.” This launch represents a major expansion of the… Read More

August 27, 2023 @ 7:48 pm By Omar Faridi  |  

British Business Investments announces a new £20m Tier 2 capital facility for Cambridge & Counties Bank Limited. Funds raised from the facility will enable Cambridge & Counties Bank “to increase its volume of competitive lending to smaller businesses over and above levels it might have… Read More

August 27, 2023 @ 4:42 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased have collaborated with Taiwan’s New Taipei District Prosecutors Office on “a workshop focused on combating cybercrime within the virtual assets space.” Conducted on August 24, the workshop is part… Read More

August 27, 2023 @ 4:40 pm By Omar Faridi  |  

Bitso —which claims to be the leading financial services company powered by crypto in Latin America with 7 million users and 1,500 institutional clients— announced the appointment of Robert Dennis Harrop as the new Chief Technology Officer (CTO), a British specialist who has worked at… Read More

August 27, 2023 @ 10:23 am By Omar Faridi  |  

Global assurance partner, LRQA, has announced the appointment of Ian Spaulding as its new Chief Executive Officer (CEO), “effective from 1 September 2023.” Current CEO, Paul Butcher, has decided “to step down and will support the organization in an advisory capacity to the board.” LRQA’s… Read More

August 27, 2023 @ 7:03 am By Omar Faridi  |  

TradeStation Securities, Inc., a self-clearing online brokerage for trading stocks, ETFs, options and futures, has announced its integration with Unusual Whales, an option flow platform and information service. This collaboration makes TradeStation “the first major U.S. multi-asset class broker dealer integrated into the Unusual Whales… Read More

August 26, 2023 @ 11:42 pm By Omar Faridi  |  

11 early-stage startups from 7 countries (3 from Switzerland, 3 from Germany) have been selected for the upcoming Tenity Incubation Program starting “on August 28th, 2023, in Switzerland” Selected startups reportedly receive “an initial CHF50k investment from the Tenity Incubation Fund II.” The fund will… Read More

August 26, 2023 @ 9:40 pm By Omar Faridi  |  

Socotra, the provider of modern, cloud-based technology for insurers worldwide, announced today that Sonny Patel has joined the company in the role of Chief Product and Technology Officer. She will be responsible for “leading the company’s Product and Engineering teams alongside Product Architect Matt Hamilton,… Read More