Global

May 2, 2023 @ 9:52 am By Omar Faridi  |  

Revolut has reportedly made its initial entry into Latin America with a launch in Brazil. Revolut‘s global account will provide local consumers with foreign exchange and remittance capabilities in 27 different currencies, along with having a payment card that is accepted in over 150 nations…. Read More

May 2, 2023 @ 8:50 am By JD Alois  |  

Taly has enlisted BPC’s SmartVista Platform to provide digital payment services to banks, Fintechs, and other clients in Egypt. Taly is a new Payment Service Provider based in Cairo. The provider is said to be the “first of its kind” in the region, offering digital… Read More

May 2, 2023 @ 8:36 am By Omar Faridi  |  

UK businesses received, “on average, £237,402 worth of fines following data breaches or violation of data protection rules in the last 12 months, with half (50%) of respondents listing financial data as the most likely to be compromised.” The findings come from ISMS.online’s latest State… Read More

May 2, 2023 @ 8:33 am By JD Alois  |  

Crowdcube, one of the largest securities crowdfunding platforms in the world, recently decided to take legal action against an issuer that raised growth capital on its platform. In 2022, Student Rents raised over  £466,000 from 179 investors for a 9.39% equity stake in for a… Read More

May 2, 2023 @ 8:18 am By Omar Faridi  |  

Berlin-based Fintech Raisin has appointed Cetin Duransoy as the new CEO of Raisin US, effective 1 May 2023. Cetin Duransoy reportedly “brings over 20 years of experience, having served in senior positions at companies including Capital One and Visa.” Before joining, Cetin served “as president… Read More

May 2, 2023 @ 8:13 am By Omar Faridi  |  

Iress recently announced that Reassured, the UK’s “largest” life insurance broker, has selected The Exchange platform in order “to power both its advised and non-advised protection business.” Iress was “chosen after a thorough selection process based on the potential for a long-term partnership and its… Read More

May 1, 2023 @ 9:00 pm By Omar Faridi  |  

Unqork, the Codeless as a Service platform, recently announced that it has achieved Authorization to Operate (ATO) on the Federal Risk and Authorization Management Program (FedRAMP) Marketplace. Unqork says it “enables customers, now including the Federal Government, to democratize technology and free themselves from the… Read More

May 1, 2023 @ 4:59 pm By Omar Faridi  |  

At Alpaca, their vision is to build a global de facto standard infrastructure for investing, and for that, they claim it is critical that they continue to provide technology infrastructure to support this vision. They prioritize their API platform, “designed with developers in mind, and… Read More

May 1, 2023 @ 3:13 pm By Omar Faridi  |  

Carta released the “first-ever” database of international salary and equity compensation data—tailored for venture-backed startups. The new data set “includes geo-adjusted compensation rates for 32 roles in over 40 countries and will be available immediately to all Carta Total Compensation customers, making it possible for… Read More

May 1, 2023 @ 11:37 am By Omar Faridi  |  

The team at Lendscape are pleased to confirm a new strategic technology partnership in order to “deliver greater efficiencies for finance providers and accelerate access to working capital for SMEs.” As the world’s technology provider for all forms of secured finance, they’ve partnered with Validis,… Read More

May 1, 2023 @ 11:32 am By JD Alois  |  

In another sign of the flagging global economy, Germany-based digital bank N26 has announced a 4% reduction in its employee headcount. N26 is a fully licensed bank receiving approval in its home country. N26 operates in various European countries. At one point, it took a… Read More

May 1, 2023 @ 9:56 am By JD Alois  |  

Last year, Student Rents listed a securities offering on Crowdcube, raising £466,172.55 from 179 investors. The company was selling equity in the firm at a pre-money valuation of £4.5 million. According to the offering page, Student Rents claimed over 300 paying agents having matched 11,000… Read More

May 1, 2023 @ 8:20 am By Omar Faridi  |  

CryptoUK, which claims to be the “trusted” voice of the UK crypto industry, has published a detailed response to His Majesty’s Treasury’s (HMT) Future Financial Services Regulatory Regime for Cryptoassets consultation paper. Consultation proposals “included strengthening rules for crypto trading platforms and a robust world-first… Read More

May 1, 2023 @ 8:16 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments, has teamed up with MagicCube, the creator of i-Accept, in order “to deliver secure and seamless contactless payments on commercial off-the-shelf (COTS) smartphones and tablets using Tap to Pay—with or without PIN.” The… Read More

April 30, 2023 @ 11:25 pm By Omar Faridi  |  

Volante Technologies, the global provider of cloud payments and financial messaging solutions to accelerate digital transformation, has released a partner-authored paper featuring insights “into the banking sector and projections for innovation-driven growth.” The report, the first in an annual series, “incorporates contributions from fifteen global… Read More

April 30, 2023 @ 10:23 pm By Omar Faridi  |  

LendInvest (AIM: LINV), the UK’s platform for mortgages, announces that Wells Fargo (NYSE: WFC) joins its £200 million financing syndicate with National Australia Bank (NAB) in order “to support the continued growth of its Buy-to-Let proposition.” Wells Fargo reportedly “joins a growing roster of global… Read More

April 30, 2023 @ 5:36 pm By Omar Faridi  |  

As Web2 social media platforms continue to grapple with concerns about data privacy, misinformation, and content moderation, many users are turning to alternative forms of social media. Among these alternatives are Web3 social media platforms, which are built on decentralized networks and feature community-driven governance,… Read More

April 30, 2023 @ 5:18 pm By Omar Faridi  |  

Mutual Vision, a community-owned technology provider, announced it will adopt Mambu’s cloud banking engine. Mambu will “underpin Mutual Vision’s services and bring a unique proposition to its expanding customer base of 27 building societies and banks in the UK.” Mutual Vision provides “a digital platform… Read More

April 30, 2023 @ 1:24 pm By Omar Faridi  |  

Immuta, a data security provider, announced new vulnerability risk assessment and dynamic query classification capabilities for the Immuta Data Security Platform. These new features “enable customers to promptly identify and prioritize security gaps, protecting sensitive data based on the context and sensitivity levels.” When combined… Read More

April 30, 2023 @ 11:58 am By Omar Faridi  |  

The Nottingham Building Society has announced the appointment of Praven Subbramoney as Chief Lending Officer. Reporting to CEO Sue Hayes, Praven will “lead the development and delivery of The Nottingham’s lending strategy and mortgage proposition driving innovation, transformation and growth as well as focusing on… Read More