Global

June 5, 2023 @ 8:24 am By Omar Faridi  |  

Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, announced an integration with the single euro payments area (SEPA) network, allowing members the seamless movement of funds in Euros (EUR). First introduced in 2008 and comprising 36… Read More

June 5, 2023 @ 8:22 am By Omar Faridi  |  

Online pension provider PensionBee launches its new protection insurance offering in partnership with the UK’s tech-driven life protection specialist, LifeSearch. PensionBee customers can now “purchase fully digital mortgage and family life insurance, in addition to critical illness cover, via a simple compare, apply and buy… Read More

June 4, 2023 @ 11:25 pm By Omar Faridi  |  

Ismo, which says it is on a mission to make investing in the financial markets accessible to all, has secured 113% (€823,900.31) of its €725,000 target from 351 investors (at the time of writing) through its crowdfunding campaign, carried out via Crowdcube (with 9 days… Read More

June 4, 2023 @ 10:27 pm By Omar Faridi  |  

Earlier this week, N26 announced the appointment of international regulatory compliance and governance professional Déborah Carlson-Burkart to its Group Supervisory Board. Déborah will reportedly work closely “with existing board members Marcus W. Mosen, Jörg Gerbig, Dr. Barbara Roth and Dr. Julian Deutz, as well as… Read More

June 4, 2023 @ 9:55 pm By Omar Faridi  |  

Sway, a company that aims to turn your phone into a payment terminal & accept in-person payments without transaction fees, has reportedly raised 111% (£627,157) of its £560,000 target from 335 investors (at the time of writing) through its crowdfunding campaign, carried out via Seedrs…. Read More

June 4, 2023 @ 7:58 pm By Omar Faridi  |  

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most “widely used” stablecoin, has reportedly “surpassed its previous all-time market cap high of $83.2B set in May 2022.” Paolo Ardoino, CTO of Tether, stated: “Today’s numbers demonstrate that people want access… Read More

June 4, 2023 @ 6:53 pm By Omar Faridi  |  

The team at Tencent is pleased to announce that Tencent Cloud, which is described as one of the world’s leading cloud companies, has entered into a partnership with Chainlink Labs, a developer of the Chainlink Network. This partnership will “help support the development of the… Read More

June 4, 2023 @ 5:29 pm By Omar Faridi  |  

Mortgage entrepreneur, Ying Tan, will reportedly take the position of CEO at Habito (subject to Financial Conduct Authority approval) and aim to become a significant shareholder in the business. This update comes as Habito, the digital mortgage broker and home-buying service, finalizes its most-recent round… Read More

June 4, 2023 @ 5:24 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, has reportedly enabled its customers “to save over USD 8 billion (~BRL 40 billion) in bank fees in 2022.” The data is presented in Nubank’s ESG Report 2022, published… Read More

June 4, 2023 @ 12:47 pm By Omar Faridi  |  

Sana, the AI-powered learning and knowledge platform, announced it’s landed another $28M in an opportunistic investment round led by NEA. Workday Ventures also joined the round. With a combined total of $62M in Series B funding, the Swedish-born scaleup is now “one of the most… Read More

June 4, 2023 @ 12:21 pm By Omar Faridi  |  

Ubiquity, a global business process outsourcer for industry innovators, announces the following three executives have joined its team “to support business development across the U.S. and expand its footprint in the U.K. and Europe:” Brad Richardson as chief sales officer; John Goodale as executive director,… Read More

June 4, 2023 @ 11:27 am By Omar Faridi  |  

DivideBuy, which was recently acquired by Zopa Bank, has announced the appointment of Amanda Robinson as its new Enterprise Business Development Manager. DivideBuy’s 60-second checkout and conversion uplift tools “are delivering an increase in credit sales of up to 70%.” In February 2023, UK bank… Read More

June 4, 2023 @ 6:17 am By Omar Faridi  |  

insightsoftware, a global provider of reporting, analytics, and performance management solutions, announced the evolution of Longview Tax with capabilities for BEPS 2.0 Pillar Two. Organizations can “implement the comprehensive solution for all tax reporting challenges, or opt for a new standalone offering for BEPS 2.0… Read More

June 3, 2023 @ 10:47 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has co-led a $6.6 million seed funding round for Fusionist, a Web3 gaming company, alongside Web2 gaming giant FunPlus in May 2022. The move aligns “with Binance Lab’s commitment to supporting early-stage Web3 gaming projects… Read More

June 3, 2023 @ 9:53 pm By Omar Faridi  |  

Chainalysis is announcing that their firm has acquired Transpose, a blockchain data and infrastructure company that makes building applications using web3 data fast and simple. Transpose customers are able “to build snappy user experiences, power wallet applications, analyze financial activity, fulfill tax and compliance requirements,… Read More

June 3, 2023 @ 9:18 pm By Omar Faridi  |  

Mambu, the cloud banking platform, has announced the departure of Chief Executive Officer and co-founder, Eugene Danilkis “effective immediately.” Eugene has “made the decision to step down after thirteen years at the company for personal reasons.” He will continue “to play an important role in… Read More

June 3, 2023 @ 6:16 pm By Omar Faridi  |  

Tandem, the UK’s “greener” bank, reports that it “delivers full year profitability for first time in the bank’s history after 12 months of strong growth.” Tandem Bank says it is “further cementing its position as one of the nation’s go-to banks for those looking to… Read More

June 3, 2023 @ 12:48 pm By Omar Faridi  |  

Global Wealthtech company GBST has appointed Simon Clare as Head of Product Innovation. In this newly created global role, Simon will “take responsibility for GBST’s innovation program, leading the charge in defining and shaping the company’s visionary strategy including its flagship Composer wealth administration platform,… Read More

June 3, 2023 @ 11:11 am By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization. Powered by KAI-GPT, KAI Answers is… Read More

June 3, 2023 @ 11:02 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the… Read More