Global

October 3, 2023 @ 9:55 am By Omar Faridi  |  

UK insurtech, Ripe, achieved strong double-digit growth in 2022, maintaining its 15 year record of consistent revenue rises. Turnover climbed by £4 million to £27.2 million “in the 12 months ending 31 December 2022, compared with £23.3 million in 2021.” Over the course of the… Read More

October 3, 2023 @ 9:44 am By Omar Faridi  |  

Bogdan Uzbekov, founder & CEO, Apron, notes that he’s pleased to announce that Apron has raised £12M in a Series A funding round, which was reportedly “led by Index Ventures, with participation of their existing investors, Bessemer Venture Partners and Visionaries Club.” And with the… Read More

October 3, 2023 @ 8:50 am By Omar Faridi  |  

Following IOTA’s ShimmerEVM update last week, the developers have are introducing IOTA 2.0. After a period of research and prototyping, the IOTA Foundation “presents IOTA 2.0, a protocol that encapsulates its vision of digital autonomy for everyone.” The entire architecture of IOTA has reportedly “been… Read More

October 3, 2023 @ 8:18 am By Omar Faridi  |  

Recent US government quagmire and treasure prices have reportedly helped with fueling inflows of $21 million, according to an update from digital asset firm CoinShares (Nasdaq Stockholm: CS) CoinShares reports that digital asset investment products “saw inflows last week for the first time in 6… Read More

October 3, 2023 @ 8:17 am By Omar Faridi  |  

Visa (NYSE: V), a global firm focused on payments, announced a new $100 million generative AI ventures initiative in order “to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.”… Read More

October 3, 2023 @ 8:13 am By Omar Faridi  |  

The AMF is warning the public against several companies “proposing atypical investments without being authorized to do so.” France‘s Autorité des Marchés Financiers explains that it regularly “updates its black lists of new websites and entities proposing atypical investments to investors in France without being… Read More

October 2, 2023 @ 10:21 pm By Omar Faridi  |  

Fintech Deel has reportedly made updates to off-cycle payments, bulk terminations, and employee entity transfers. Deel’s Global Payroll is expanding and improving upon its features “to deliver a seamless experience.” The firm says it wants you “to have everything you need to manage and pay… Read More

October 2, 2023 @ 7:23 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to unveil the new Gemini Institutional website, showcasing the breadth of crypto-native solutions available to Gemini’s institutional customers. Gemini‘s commitment to being “a secure and regulated onramp to crypto for institutions goes beyond just providing a best-in-class crypto trading… Read More

October 2, 2023 @ 3:20 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, announced that it will launch Micro Henry Hub futures and options on November 6, “pending all relevant regulatory reviews.” These new micro contracts will “be one-tenth the size of the company’s benchmark Henry Hub futures and options and cash-settled.” Peter… Read More

October 2, 2023 @ 11:44 am By Omar Faridi  |  

Plaid is pleased to announce several updates to their Transactions product, which enables financial services providers to do even more with transactional data. These new features and quality enhancements from Plaid are “designed to amplify your ability to provide tailored solutions and services, unlocking improved… Read More

October 2, 2023 @ 11:35 am By Omar Faridi  |  

Clara, the Latin American solution for businesses to make and manage all their payments, has announced the appointment of Cristian Raygoza as its new Head of Startups, Venture Capital & Private Equity. This strategic move reinforces Clara‘s commitment “to fostering innovation and expanding its reach… Read More

October 2, 2023 @ 11:33 am By Omar Faridi  |  

The DFINITY Foundation, a “not-for-profit” research and development organization and major contributor to the Internet Computer Protocol (ICP) blockchain, announced the launch of the ICP Asia Alliance and a $20 million grant fund “to support the growth and development of Asia-based initiatives in the field… Read More

October 2, 2023 @ 10:40 am By Omar Faridi  |  

The Bitcoin (BTC) price is finally surging and the digital assets markets looks like its beginning to heat up again. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International, has shared key insights with CI regarding the latest… Read More

October 2, 2023 @ 10:11 am By Omar Faridi  |  

At the end of last week we saw a number of updates regarding the push for ETFs, with VanEck readying an Ethereum futures ETF, Ark pushing to win the race for the first spot Bitcoin ETF and the US Securities and Exchange Commission (SEC) delaying… Read More

October 2, 2023 @ 10:05 am By Omar Faridi  |  

Mexican Fintech albo has reportedly secured $40 million in capital via a Series C round in order to enhance its payments services. albo’s investment round included participation from Nazca, Morpheus Ventures, and Valar Ventures. In addition to the raise, the Fintech company said it will… Read More

October 2, 2023 @ 9:39 am By JD Alois  |  

Innovate Finance is the advocacy group for the burgeoning Fintech industry in the UK. London has long been a top global financial center, and many policymakers, as well as financial services insiders, want to maintain that status. Hence, the adoption of digital financial services is… Read More

October 2, 2023 @ 9:00 am By Michael Wong  |  

Dubai Islamic Bank (DIB), the largest participation bank by asset size in the United Arab Emirates, has officially entered the Turkish digital banking and fintech sector after acquiring a minority stake in T.O.M. Group. Established by Aydın Group shareholders, the T.O.M. Group includes T.O.M. Katılım… Read More

October 2, 2023 @ 8:52 am By Omar Faridi  |  

Parents could help provide more than £300,000 in pension wealth for their kids by the time they reach retirement age “by contributing to their child’s pension from the age of 18,” according to new research shared by PensionBee. As concern grows around the sustainability of… Read More

October 2, 2023 @ 8:48 am By Omar Faridi  |  

Enterprise blockchain firm Ripple‘s co-founder Chris Larsen recently commented on how the UK has become a major Fintech hub. The UK is also adopting a progressive approach to regulating crypto-assets, according to Ripple co-founder Chris Larsen (although certain significant challenges still remain). The UK has,… Read More

October 1, 2023 @ 11:58 pm By Omar Faridi  |  

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More