Global

August 9, 2023 @ 7:04 pm By Omar Faridi  |  

Several global banks have progressed with the Finteum Platform integration work, ahead of going live with the system. The Finteum Platform is “an execution venue that brings intraday funding capabilities to the global interbank market.” 19 banking groups with “a combined balance sheet of $23.5trn… Read More

August 9, 2023 @ 4:34 pm By Omar Faridi  |  

Equifax (NYSE: EFX) has completed the acquisition of Boa Vista Serviços, which claims to be the second largest credit bureau in Brazil. This strategic and financially attractive acquisition “grows Equifax‘s presence in Brazil and offers Boa Vista Serviços customers access to expansive Equifax international capabilities… Read More

August 9, 2023 @ 1:30 pm By Omar Faridi  |  

Nu officially inaugurated its new office spaces in Mexico City. With a sprawling space of over 5,000 m² in the Polanco neighborhood, Nu provides a workspace “for more than 1,200 Nubankers who work in a hybrid schedule, alternating between weeks of in-person and remote work… Read More

August 9, 2023 @ 12:55 pm By Omar Faridi  |  

The Digital Dollar Project announced the completion of a pilot study conducted in collaboration with The Western Union Company, BDO Unibank, Inc. (BDO Unibank) in the Philippines, and support from Accenture. This collaboration represents the Digital Dollar Project’s latest private sector efforts “in support of… Read More

August 9, 2023 @ 12:15 pm By Omar Faridi  |  

On July 30th, 2015, the Genesis block of Ethereum was created. Eight years later, today Ethereum is the dominant blockchain network “with growing developer interest, lower transaction fees, and faster settlement times.” Yet, fewer than 0.5% of the 100 million developers worldwide “are actively building… Read More

August 9, 2023 @ 11:40 am By JD Alois  |  

Num Finance and TruBit have announced a partnership where Num’s “nARS” stablecoin, pegged to the Argentine Peso, will trade on the exchange. Num states that the listing on TruBit is part of a broader strategy to offer a wider range of tools for its users…. Read More

August 9, 2023 @ 9:35 am By JD Alois  |  

Twino, an online investment platform based in Latvia, has announced the launch of short-term rental investment assets. Twino is licensed and supervised by the Bank of Latvia. The company is best known for its European peer-to-peer lending services. The company has been in business since… Read More

August 9, 2023 @ 8:46 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three and six months ended June 30, 2023 for both itself and Galaxy Digital Holdings LP. Michael Novogratz, Founder and CEO of Galaxy, said: “Galaxy’s operating businesses performed well in the second quarter against… Read More

August 9, 2023 @ 8:40 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has selected Punter Southall’s Pension Potential annuity comparison tool “to help its million-plus members maximise their retirement savings and make informed decisions about researching, comparing and buying annuities.” Smart Pension, which… Read More

August 9, 2023 @ 3:17 am By Omar Faridi  |  

Visa Inc. (NYSE: V) and CB International Bank (CBiBank) announce the launching of an innovative cross-border B2B payments solution for businesses worldwide. CBiBank has officially “joined the Visa B2B Connect platform, ushering in a new era of faster, more cost-effective, and secure B2B payment services.”… Read More

August 9, 2023 @ 2:40 am By Omar Faridi  |  

Bondora notes that we are more than halfway through the year. Like with any goal, it’s essential to acknowledge achievements along the way to stay motivated on the path to success, the team at Bondora noted while adding “that a lot has happened already, and… Read More

August 9, 2023 @ 12:53 am By Omar Faridi  |  

According to the results of June, the average rate of return on the European P2P market “was 10.4%, up 0.2% compared to May,” the team at Robocash noted in a blog post. The bond market also “showed positive shifts.” the Robo.cash team revealed in their… Read More

August 8, 2023 @ 11:39 pm By Omar Faridi  |  

PeerBerry investors funded €67.6 million of loans in July and received €835 412 in interest. The amount of funded loans on the platform “was about 4% higher than the previous month.” PeerBerry’s portfolio “amounted to €115.83 million at the end of July.” 1088 new investors… Read More

August 8, 2023 @ 8:12 pm By Omar Faridi  |  

The Tel Aviv Stock Exchange has signed a strategic agreement with Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This strategic partnership empowers TASE “to offer a comprehensive range of innovative and secure digital asset products and… Read More

August 8, 2023 @ 5:16 pm By JD Alois  |  

UK-based securities crowdfunding platform Seedrs was acquired by Republic in late 2021, with the deal officially closing in late 2022. While the two platforms have cross-listed securities offerings, the combined firm has been slow to promote the ability to tap into both the European and… Read More

August 8, 2023 @ 4:09 pm By Omar Faridi  |  

VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA), has partnered with Burrito Wallet, which is developed by a subsidiary of Bithumb, a Korean cryptocurrency exchange, to introduce South Korean users “to the digital assets VNX Gold, VNX Euro, and VNX Swiss… Read More

August 8, 2023 @ 4:06 pm By Omar Faridi  |  

This announcement marks a significant milestone in the digital landscape as NexeraID in collaboration with PolygonID unveil their Web3 Compliance initiative. This project sets a standard for privacy protection while “ensuring strict adherence to regulatory requirements in the ever-evolving realm of Web3 compliance.” With the… Read More

August 8, 2023 @ 11:59 am By Omar Faridi  |  

albo, a neobank in Mexico, has announced its acquisition of delt.ai for $20 million. With this strategic acquisition, albo has “strengthened its position in Mexico’s financial services sector, becoming the only neobank to offer debit and credit products for both consumers and SMBs.” This is… Read More

August 8, 2023 @ 11:21 am By Omar Faridi  |  

The last couple of months have been anything but “dull” for the digital asset industry – enforcement actions, regulatory proposals, the first ever SPBD approval and, of course, the landmark Ripple decision, the team at tZERO recently noted. tZERO Group, Inc., which claims to be… Read More

August 8, 2023 @ 8:55 am By Omar Faridi  |  

Jeremy Allaire, Co-founder & CEO of Circle, a Fintech that’s focused on stablecoins and other services supporting the blockchain and crypto sector, says that despite the hype that they’re all about the US, the firm “estimates that 70% of USDC adoption is non-US, and some… Read More