Global

July 6, 2023 @ 10:35 pm By Omar Faridi  |  

As the European P2P market continues to expand, interest rates tend to go down, according to an update from Robo.cash. The analysts at Robo.cash platform consider this as certain patterns “that may continue in the long term.” The European P2P lending market is “growing at… Read More

July 6, 2023 @ 10:04 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) recently announced that Maha El Dimachki will join the BIS Innovation Hub (BISIH) team as “the new head of the Singapore Centre, starting on 1 October 2023.” Ms El Dimachki is currently Head of Early and High Growth Oversight… Read More

July 6, 2023 @ 10:02 pm By Omar Faridi  |  

Researchers are “cautiously optimistic” about where generative artificial intelligence (GenAI) will lead humanity, but they say that we “must develop more guardrails.” This is according to Pascale Fung, Chair Professor, Department of Electronic and Computer Engineering, Hong Kong SAR, China. She was speaking at the… Read More

July 6, 2023 @ 4:44 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading insurtechs, and GATE (Green & Advanced Transport Ecosystem), have formed a new partnership that uses digital solutions and a pay-per-use formula for the long-term rental of electric commercial vehicles, founded by Iveco Group. The multi-year… Read More

July 6, 2023 @ 4:42 pm By Omar Faridi  |  

Andrea Isola, former General Manager for Italy & South East Europe at N26, has been appointed as the new VP of European Markets and Business Operations at the German digital bank effective immediately. In his new role as VP of European Markets and Business Operations,… Read More

July 6, 2023 @ 12:41 pm By Omar Faridi  |  

Artificial Intelligence (AI) is to play a pivotal role in tackling sanctions risks in global shipping following a partnership between LSEG (London Stock Exchange Group) and Windward AI (LSE: WNWD) announced recently. Windward’s maritime AI-powered technology will “augment existing shipping analytic capabilities available on the… Read More

July 6, 2023 @ 12:38 pm By Omar Faridi  |  

According to McKinsey‘s Web3 report, the financial-services industry has primarily adopted some of these nascent digital technologies and assets. At its peak, the daily volume of transactions “processed on so-called decentralized finance exchanges exceeded $10 billion, with various market fluctuations felt in the last twelve… Read More

July 6, 2023 @ 10:15 am By Omar Faridi  |  

Veriff, a global identity verification provider, today announced a partnership with Taktikal, a leading e-signature software suite, to provide enhanced identity verification capabilities for their customers on a global scale. With this partnership, Veriff adds “an extra layer of safety and security to Taktikal’s automated… Read More

July 6, 2023 @ 7:49 am By Omar Faridi  |  

Digital bank Revolut recently revealed that it has expanded its financial services in Germany by offering personal loans. As noted in the update from Revolut, existing clients may now apply for loans, which can range anywhere between €1,000 and €50,000 via the platform’s Fintech app… Read More

July 6, 2023 @ 7:28 am By Omar Faridi  |  

Kindgeek, a one-stop shop fintech software developer, and Salt Edge, an open banking service provider, announce their partnership for providing PSD2 and open banking solutions to the fintech landscape. As financial services continue to become more digital, opportunities arise “to develop more efficient financial services… Read More

July 6, 2023 @ 7:21 am By Omar Faridi  |  

Mambu, an SaaS cloud banking platform, today announced it is now available on Google Cloud Marketplace. This opens the door for more fintechs, neobanks, traditional banks, and non-financial institutions “to embrace cloud technology.” The announcement builds on Mambu‘s existing partnership “with Google Cloud, which has… Read More

July 5, 2023 @ 10:04 pm By Omar Faridi  |  

Seedstars is announcing the launch of Financial Innovations for Women Affected by Migration (FIWAM), a growth program that aims “to identify and support fintech companies that are focused on promoting financial inclusion, particularly for women migrants and women affected by migration.” Applications are open until… Read More

July 5, 2023 @ 5:39 pm By Omar Faridi  |  

The owner of CarMoney, a Russian firm focused on offering secured car loans, launched a direct listing on the Moscow Exchange on Monday (July 4, 2023) in a capital raise that valued the business at roughly 6.3 billion roubles (or the equivalent of $70.7 million)…. Read More

July 5, 2023 @ 5:38 pm By Omar Faridi  |  

Tim Frost, CEO of digital wealth platform Yield App, says that recent price stability in bitcoin combined with a number of positive macro and regulatory signals mean the stage could be set for crypto’s next bull market. Tim Frost, CEO of digital wealth platform Yield… Read More

July 5, 2023 @ 5:35 pm By Omar Faridi  |  

On 4 July 2023, the Danish Financial Supervisory Authority made a decision that Saxo Bank A/S’ trading in crypto assets for its own account is found “to lie outside the legal business area of ​​financial institutions, including section 24 of the Financial Business Act.” On… Read More

July 5, 2023 @ 5:32 pm By Omar Faridi  |  

The financial institution is launching a new job portal “to attract people with technological backgrounds in the different countries where it has a presence.” The Group expects to end 2023 “with over 2,600 new hires of this type of professionals, 1,000 of which will be… Read More

July 5, 2023 @ 2:24 pm By Omar Faridi  |  

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs. Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.” This new securitized facility will “increase Silvr’s financing capacity., which… Read More

July 5, 2023 @ 12:02 pm By Omar Faridi  |  

Binance Australia offices were recently searched by regulatory authorities as a key part of a derivatives probe. ASIC has reportedly visited the offices of Binance in Australia on Tuesday (July 4, 2023). The digital asset exchange claims that it remains focused on complying with applicable… Read More

July 5, 2023 @ 11:58 am By JD Alois  |  

Vestas has expanded its partnership with payment infrastructure provider Mangopay, to manage the payment flows of Covento, its B2B marketplace for the renewable energy sector. The two firms have been working together since 2021. The “enhanced partnership” is expected to see Mangopay manage all payment… Read More

July 5, 2023 @ 11:30 am By JD Alois  |  

Corlytics has acquired Clausematch thus combining two Regtech firms. The terms of the acquisition were not disclosed. Corlytics is plugged directly into multiple international regulators, serving 14 of the top 50 global banks, as well as insurers, payment providers and investment managers. Clausematch works with… Read More