Global

June 10, 2023 @ 12:30 pm By Omar Faridi  |  

The Netherlands has recently completed the launch of a contactless transit payments system nationwide, “simplifying access and allowing travelers to tap-in and tap-out with their debit card, credit card or digital wallet.” All public transport across the country – “including trains, buses, metros, and trams… Read More

June 10, 2023 @ 12:28 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced its partnership with Allica Bank, the fintech challenger bank dedicated to supporting established UK small and medium businesses. Allica Bank was founded “to serve established UK SMEs (businesses with 10-250 employees)… Read More

June 10, 2023 @ 12:26 pm By Omar Faridi  |  

After 9 years at the company, N26’s Chief Growth Officer, Alexander Weber, will be leaving his role at the end of June “to pursue his own entrepreneurial journey.” Having joined N26 in 2014 as one of its first team members, Alexander has “been an important… Read More

June 9, 2023 @ 4:26 pm By Omar Faridi  |  

James Watt’s ‘The Next Unicorn’ project, where he has linked up with Crowdcube in order to find the next “beast,” has provided Basket with £250,000 in funding, according to a report in Tech.eu. Basket is a tech startup established by Lex Deak and William Neill…. Read More

June 9, 2023 @ 4:03 pm By JD Alois  |  

UK Property finance platform LendInvest says that it has completed a mortgage offer in just three days. The financing was provided to a couple looking to purchase a home. For anyone who has pursued a mortgage, three days sounds like a miracle – depending on… Read More

June 9, 2023 @ 3:23 pm By Omar Faridi  |  

Snyk, which claims tobe the leader in developer security, announced it agreed to acquire Enso Security, “pioneers” of the industry’s first Application Security Posture Management (ASPM) solution. The acquisition is “subject to customary closing conditions and is expected to close in Q2 2023.” Together, with… Read More

June 9, 2023 @ 3:13 pm By Omar Faridi  |  

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

June 9, 2023 @ 3:07 pm By Omar Faridi  |  

ConsenSys and Fireblocks announced the integration of MetaMask Institutional (MMI), the web3 wallet for organizations and the first multi-custodial institutional web3 offering on the market, with Fireblocks, an easy-to-use platform “to build innovative products on the blockchain and manage day-to-day crypto operations.” The integration, which… Read More

June 9, 2023 @ 10:22 am By JD Alois  |  

The British Business Bank has hired a new risk officer. Established in November 2014, the Bank is the UK government’s economic development bank aiming to drive growth and prosperity. The British Business Bank has selected Chantal Geall as its new Chief Risk Officer (CRO), effective from… Read More

June 9, 2023 @ 10:15 am By Omar Faridi  |  

Exodus Movement, Inc. (tZERO: EXOD), the self-custodial cryptocurrency software platform, announced its fiscal 2023 results “for the first quarter ended March 31, 2023.” The company “reported first quarter revenue of $13.3 million, a decrease of 13% year-over-year from Q1 2022.” JP Richardson, CEO and co-founder… Read More

June 9, 2023 @ 9:39 am By JD Alois  |  

Early-stage investing is not for the risk-averse or the impatient. Most startups will fail, and a few will bounce along, probably never generating an outsized return for investors. But like professional investors who take a diversified approach, a single investment out of many can drive… Read More

June 9, 2023 @ 9:12 am By JD Alois  |  

The Commonwealth Bank of Australia (CommBank) has decided to block certain payments to some crypto exchanges beginning this week. CommBank is the largest bank in Australia. In a FAQ, CommBank said they are making these changes due to the risk of fraud: “Interest in cryptocurrencies… Read More

June 9, 2023 @ 8:57 am By Omar Faridi  |  

Binance.US revealed on Thursday (June 8, 2023) that it will be suspending US dollar deposits and that its banking partners are getting ready to suspend fiat US dollar withdrawal options as early as June 13, 2023. This update has come a few days after US… Read More

June 9, 2023 @ 8:55 am By Omar Faridi  |  

Insify, the end-to-end digital insurance platform designed for Europe’s entrepreneurs and SMEs, announced that it has raised €15 million in Series A financing. Global venture firm Accel “led the investment round and was joined by Visionaries Club as well as existing investors Frontline Ventures and… Read More

June 8, 2023 @ 11:36 pm By Omar Faridi  |  

Griffin, the UK’s full-stack Banking as a Service platform, announced that it has raised $13.5 million (£11 million) in a Series A funding round “led by global VC firm, MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.” This investment round… Read More

June 8, 2023 @ 11:30 pm By Omar Faridi  |  

Sift, a firm focused on Digital Trust & Safety, announced a significant expansion of its worldwide partner program. The Sift Partner Program “extends Sift’s fraud prevention platform to a network of businesses worldwide, and across key industry verticals.” The expanded program “supports business models and… Read More

June 8, 2023 @ 5:20 pm By Omar Faridi  |  

AP+ reportedly says that it welcomes the Australian Federal Government’s Strategic Plan for Payments System. Australian Payments Plus (AP+) confirms that it “supports the Government’s Strategic Plan for the Australian Payments System.” According to an update shared with CI, the plan is critical “for driving… Read More

June 8, 2023 @ 4:04 pm By Omar Faridi  |  

To transform multi-country payroll with the HCM industry’s most adaptable, intelligent experience for multinational businesses, UKG Inc., a provider of HR, payroll, and workforce management solutions for all people, has reached an agreement to acquire Immedis, a global payroll provider with technology and services supporting… Read More

June 8, 2023 @ 11:46 am By JD Alois  |  

As was previously covered, the UK Financial Conduct Authority (FCA) has proposed new marketing rules for crypto offerings. The rules aim to largely align with current financial product requirements while also incorporating a “cooling off period.” In brief, digital asset investors must acknowledge they can… Read More

June 8, 2023 @ 11:35 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More