Global

August 11, 2023 @ 8:15 am By Omar Faridi  |  

Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, in collaboration with Thought Machine, a pioneer in cloud-native core banking technology, unveils the groundbreaking SME Customer Onboarding Platform. This solution empowers financial institutions “to expedite and digitize… Read More

August 11, 2023 @ 8:10 am By Omar Faridi  |  

At Bitstamp, they claim to have a comprehensive framework in place to continuously evaluate the cryptocurrencies we provide, “taking into account the dynamic regulatory environment. Considering recent developments, they are making some changes to our crypto offerings—specifically for our customers residing in the United States.”… Read More

August 10, 2023 @ 9:15 pm By JD Alois  |  

Bittrex has settled with the Securities and Exchange Commission (SEC) regarding charges that it operated an unregistered securities exchange. Bittrex’s foreign operation, Bittrex Global GmbH has also agreed to settle similar charges. Bittrex has agreed to pay a total penalty of $24 million. As part… Read More

August 10, 2023 @ 9:04 pm By Omar Faridi  |  

Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform. This transformative integration of Crypto.com Pay “represents a significant advancement in the gaming industry and creates new… Read More

August 10, 2023 @ 5:18 pm By Omar Faridi  |  

Payment Components, which claims to be an expert in AI, payments and open banking solutions, is announcing the partnership with Brillio, a digital transformation services provider. The partnership between the two companies is “part of Payment Components’s vision to empower ISO 20022 / CBPR+ adoption… Read More

August 10, 2023 @ 2:28 pm By JD Alois  |  

Revolut, a neobank super-app that also holds a banking license in Lithuania, says Latin America is a key region for its growth going forward.  Revolut launched operations in Brazil, the largest country in Latin America, this past May. Latin America has experienced dramatic Fintech growth… Read More

August 10, 2023 @ 8:54 am By JD Alois  |  

The Government of Ireland has submitted its own consultation on possible regulation of digital assets or crypto. The European Union has approved crypto asset regulation under MiCA. Ireland, part of the EU, is flexing its prerogative to present its own consultation on possible regulation or… Read More

August 10, 2023 @ 8:40 am By Omar Faridi  |  

Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More

August 10, 2023 @ 8:35 am By Omar Faridi  |  

Garanti BBVA, which claims to be a leading force in digitization in the Turkish banking industry, has announced the launching of Garanti BBVA Digital Assets, the first venture of its subsidiary Garanti BBVA Financial Technologies. With a pilot already in progress, the company will initially… Read More

August 10, 2023 @ 8:26 am By Omar Faridi  |  

Binance has announced that it has become the first fully licensed crypto exchange in El Salvador “after being granted both a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP),… Read More

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