Global

May 25, 2023 @ 1:57 am By Omar Faridi  |  

Visa Inc. (NYSE: V), which claims to be a global leader in digital payments, announced that it plans to open a new global Technology and Product Hub in Poland that will be the first of its kind for Visa in Central and Eastern Europe. The… Read More

May 24, 2023 @ 11:17 pm By Omar Faridi  |  

Checkout.com, the global payments service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates. This makes Checkout.com the first global payments provider “to be granted an acquiring license in the country, further cementing its position as… Read More

May 24, 2023 @ 5:41 pm By JD Alois  |  

Superfinanciera Colombia, the financial regulator in Colombia, is pursuing a consultation on Open Banking, according to a recent post. Open Banking, or Open Finance, is a concept for data management in the financial services sector – typically where the consumer controls and owns the data…. Read More

May 24, 2023 @ 3:45 pm By JD Alois  |  

OpenFin has raised $35 million in Series D funding during a difficult environment.  The company did not share the valuation of the funding round. OpenFin said the round was led by Bank of America, with “significant” participation from Pivot Investment Partners and ING Ventures. Additional… Read More

May 24, 2023 @ 11:47 am By JD Alois  |  

Binance is taking another PR blow as Reuters is reporting that the world’s largest crypto exchange has been commingling investor and company funds. According to the report that was derived from a former company insider, “billions of dollars” and commingling happened on a daily basis…. Read More

May 24, 2023 @ 11:34 am By JD Alois  |  

The University of Agder’s School of Business and Law Crowdfunding Research Centre has kicked off the European Crowdfunding Market Survey. The survey is being supported by the following entities: Bulgarian Fintech Association (Bulgaria) Bundesverband Crowdfunding eV (Germany) Czech and Slovak Crowdfunding Association (Czech Republic and… Read More

May 24, 2023 @ 11:22 am By JD Alois  |  

The European Commission has adopted a new “Retail Investment Package” that seeks to “empower retail investors.” The new policy is part of the European Union’s ongoing Capital Markets Union action plan. During the past few years, the Commission has been gathering and researching the proposals,… Read More

May 24, 2023 @ 10:51 am By Timothy Li  |  

It was a warm week in New York City, and I found myself flying across the country to attend the preeminent fintech conference Fintech Nexus, previously known as LendIt Fintech. At the heels of a global pandemic, the recovering U.S. economy, and continuing regional banking… Read More

May 24, 2023 @ 9:03 am By Omar Faridi  |  

Global fintech venture capital firm QED Investors announced that it has closed two new funds with combined capital commitments of $925 million. The new capital commitments comprise Fund VIII, “an oversubscribed $650 million early stage fund, and Growth II, a $275 million early growth-stage fund.”… Read More

May 24, 2023 @ 8:55 am By Omar Faridi  |  

One in five data and analytics decision-makers cite the inability to process big data and act on it at the speeds needed by operations, businesses and customers as a top challenge in executing their vision, according to an update from TransUnion (NYSE: TRU). To ease… Read More

May 24, 2023 @ 7:47 am By Omar Faridi  |  

IDEX Biometrics expands its presence in Asia by partnering with DoelPay, an innovative payments solution provider, to tap into the burgeoning market for biometric cards in Bangladesh. Working closely with three of the largest banks in Bangladesh, Doelpay expects these banks “to offer biometric payment… Read More

May 23, 2023 @ 9:57 pm By Omar Faridi  |  

Airwallex announced a partnership with MODIFI, a global commerce platform for business payments, in order “to launch a streamlined, innovative, and secure solution for transferring money across multiple regions.” Leveraging Airwallex’s global payments and financial infrastructure, MODIFI has created Global Account Solutions, “a payment tool… Read More

May 23, 2023 @ 7:17 pm By Omar Faridi  |  

HoYoverse, the game publisher that created Genshin Impact and Honkai Impact and Coda Payments, the provider of cross-border content monetization solutions including Codashop, have partnered “to offer a series of Honkai: Star Rail vouchers as part of the game’s sensational launch in April.” Game fans… Read More

May 23, 2023 @ 3:32 pm By JD Alois  |  

The International Organization of Securities Commission (IOSCO) has published a paper making policy recommendations on dealing with digital assets or crypto. The consultation incorporates 18 different recommendations that IOSCO states it will finalize during the last quarter of this year. IOSCO published a digital asset… Read More

May 23, 2023 @ 12:47 pm By Omar Faridi  |  

Kiwi, a fintech dedicated to helping consumers build credit history and improve financial literacy, announced that it has closed a $75 million credit facility and $4.5 million pre-series A funding round. The debt financing was “provided by i80 Group an investment firm that specializes in… Read More

May 23, 2023 @ 12:06 pm By Omar Faridi  |  

The team at Mintos is pleased to share the Mintos Consolidated annual report for the year 2022. The report is designed “to provide investors on Mintos and other stakeholders with insights into our performance and developments throughout the year.” The report “includes detailed financial statements,… Read More

May 23, 2023 @ 11:29 am By JD Alois  |  

Trade credit provider Hokodo and Mangopay – a successful European payments platform, have announced a partnership that will see Hokodo’s solutions available to Mangopay B2B platforms. Hokodo offers digital trade credit and B2B Buy Now, Pay Later (BNPL) solutions for merchants to sell more by… Read More

May 23, 2023 @ 10:01 am By JD Alois  |  

Ballerine, described as a “first of its kind” open source risk decisioning Fintech, has raised $5 million in seed funding led by Team8, with participation from Y Combinator, Vera Equity, and investors from Brex, Trulioo, Venmo, Melio and Coinbase. Ballerine offers a platform that integrates… Read More

May 23, 2023 @ 9:19 am By Omar Faridi  |  

Assetz Capital recently announced its institutionally funded lending strategy and its move away from retail funding of its lending. The 10-year old alternative lending platform has “continued to focus on its core areas of expertise including ground up residential housebuilding, residential refurbishment, and continued strong… Read More

May 23, 2023 @ 9:12 am By Omar Faridi  |  

The Mobile Bank N26 announced new insurance services for ‘You’ and ‘Metal’ personal and business account holders. With more customers using N26 as their everyday bank account, the new offering aims “to provide premium customers a comprehensive coverage plan to better protect against unexpected events… Read More