Global

June 20, 2023 @ 5:44 pm By Omar Faridi  |  

R3, the enterprise distributed ledger technology (DLT) and services firm, announced the next generation of its flagship platform Corda at its hosted event in New York. The updated version has been “designed for global financial market infrastructure providers and central banks to enable applications to… Read More

June 20, 2023 @ 5:42 pm By Omar Faridi  |  

Cboe Global Markets Inc. (Cboe: CBOE), the derivatives and securities exchange network, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, is planning to introduce a Central Counterparty (CCP) clearing service “for securities financing transactions (SFT) in Q3 2024, subject to regulatory approvals.” This… Read More

June 20, 2023 @ 3:27 pm By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals an increase in the number of pension savers who would like to see the oil sector completely excluded from their pension investments, from 15% in 2022 to 21% in 2023. PensionBee’s annual Tailored Plan survey, “which seeks to… Read More

June 20, 2023 @ 11:46 am By JD Alois  |  

ClearScore has expanded into New Zealand. The company reports that it is now serving 19 million users across the UK, South Africa, Australia, Canada, along with New Zealand. ClearScore provides consumers with a website and app to check their credit score and report for free…. Read More

June 20, 2023 @ 11:31 am By Omar Faridi  |  

Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in… Read More

June 20, 2023 @ 11:15 am By Omar Faridi  |  

Compass, the Mediobanca Group consumer credit arm, has signed an agreement to acquire 100% of HeidiPay Switzerland AG from HeidiPay AG. HeidiPay Switzerland AG is described as “a fast-growing Swiss company specializing in the Buy Now Pay Later (BNPL) segment, with over 400 commercial agreements… Read More

June 20, 2023 @ 11:12 am By Omar Faridi  |  

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. The focus of the campaign is SumUp merchants “from West London and its aim is to use a… Read More

June 20, 2023 @ 10:58 am By JD Alois  |  

Froda is launching a card-based embedded lending solution in Denmark in partnership with digital bank Lunar and Visa. According to a public statement, the launch follows a successful test period, as the company strives to make it faster and cheaper for SMEs to access growth… Read More

June 20, 2023 @ 10:47 am By JD Alois  |  

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

June 20, 2023 @ 10:34 am By JD Alois  |  

Back Market, BNP Paribas Cardif, and bolttech have announced a partnership for the refurbishing market. Back Market is a marketplace enabling the general public to buy thousands of electrical and electronic products that have been reconditioned. bolttech is an international Insurtech, and BNP Paribas Cardif… Read More

June 20, 2023 @ 9:21 am By Omar Faridi  |  

The International Monetary Fund (IMF) is reportedly working on a solution for central bank digital currencies (CDBCs) to support financial transactions between nations, IMF MD Kristalina Georgieva revealed on Monday (June 19, 2023). As reported by Reuters, Georgieva told a conference attended by various reserve… Read More

June 20, 2023 @ 9:16 am By Omar Faridi  |  

Mastercard (NYSE: MA) is continuing its move into the volatile crypto sector. The payments giant has submitted a trademark application claiming plans for software for crypto and blockchain/DLT transactions, as well as interconnecting virtual asset service providers for crypto transfers. It appears as if Mastercard… Read More

June 19, 2023 @ 11:27 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the consumer fintech on a mission to empower everyday Aussies to take control of their money and build long term wealth on autopilot, is announcing the launch of the “world’s first” Pay Now or Pay Later Stockback rewards Mastercard. With the… Read More

June 19, 2023 @ 11:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More

June 19, 2023 @ 11:22 pm By Omar Faridi  |  

Elliptic – the global firm focused on crypto-asset risk management – has released a landmark report to equip compliance and law enforcement teams with the necessary tools to combat the next frontier of crypto crime. Elliptic’s flagship Typologies Report – which remains “the only comprehensive… Read More

June 19, 2023 @ 7:37 pm By JD Alois  |  

Do Kwon, the creator of TerraUSD – LUNA, has been sentenced to four months in the slammer in Montenegro, according to multiple reports. Kwon’s attempt to create an algorithmic stablecoin TerraUSD has been cited as a huge catalyst in the crypto collapse of 2022. The… Read More

June 19, 2023 @ 12:03 pm By JD Alois  |  

Rnwl, an interesting UK-based Insurtech, is raising growth capital on Seedrs. The offering page indicates the Rnwl is offering a 1.79% equity stake at a pre-money valuation of £8.2 million. The company is EIS qualified, a Seedrs Nominee and approved for the Secondary Market. As… Read More

June 19, 2023 @ 11:44 am By Omar Faridi  |  

Sylon Asesores, a registered investment advisor launches Rivium, in collaboration with Alpaca‘s advanced brokerage technology. This provides Mexican investors “with a user-friendly app that delivers a comprehensive and customized banking and investing experience.” The platform reportedly “offers diverse investment products, including individual stocks, fractional shares,… Read More

June 19, 2023 @ 11:35 am By Omar Faridi  |  

We recently connected with Andrew Saks, who talked about the importance of financial inclusion for the vast majority. Notably, 1.4 billion people remain unbanked, which takes several countries in Southeast Asia to allow a larger virtual currency ecosystem to take root in their countries. The… Read More

June 19, 2023 @ 9:55 am By JD Alois  |  

SeedBlink, a European Union online investment platform, has announced the launch of Nimity – an equity management service. According to SeedBlink, Nimity provides cap-table management, investor governance, and communications to help entrepreneurs and investors manage private securities. The service also enables Employee Stock Ownerhip or… Read More