Global

June 8, 2023 @ 9:09 am By JD Alois  |  

SeedBlink, a European securities crowdfunding provider, has expanded into the DACH countries – Germany, Austria, and Switzerland. SeedBlinke, based in Bucharest, has been announcing operations across different EU countries in recent months. SeedBlink pitches its services as a “co-investment platform,” allowing VC money to pair… Read More

June 8, 2023 @ 8:52 am By Omar Faridi  |  

Plum, the “smart money” app, is reportedly planning to launch a new “Interest” offering in Q3, so customers can benefit more quickly and directly from rising central bank rates. Plum customers in the UK and EU will be able “to hold their money in government-backed… Read More

June 8, 2023 @ 8:39 am By Omar Faridi  |  

At a time when the EUR/USD pair has never been so sensitive to market fluctuations, iBanFirst is now offering its clients “the possibility of opening local accounts in USD to facilitate the transfer of flows from European SMEs to the US.” It can be particularly… Read More

June 8, 2023 @ 2:17 am By JD Alois  |  

SaveLend Group has received regulatory approval from the Danish FSA (Finanstilsynet) to acquire Lunar Bank’s peer-to-peer lending business. According to a statement by SaveLending, the P2P business will now be migrated over to Savelend in the coming months. The acquisition includes all customer relations with… Read More

June 8, 2023 @ 1:12 am By Omar Faridi  |  

Payments are one of crypto’s “biggest” and “earliest” use cases, and Binance‘s new partnership with Lyzi is “helping to achieve this goal in more locations.” While many use crypto as an investment, it’s also “a great way to transfer value globally with minimal fees and… Read More

June 7, 2023 @ 10:53 pm By Omar Faridi  |  

Archax, the FCA regulated digital asset exchange, broker, and custodian, today announced the appointment of Ben Zennou as its new Head of Crypto Sales. Reporting into the CRO, Zennou will be “responsible for leading the company’s continued growth in crypto markets, including the establishment of… Read More

June 7, 2023 @ 8:30 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued new rules for crypto promotions. The rules are said to align with other financial services offerings. CryptoUK, an association representing the UK’s digital asset industry, has issued a statement on the marketing rules. Su Carpenter, Director of… Read More

June 7, 2023 @ 7:46 pm By Omar Faridi  |  

Keeta, a new global payments platform offering instant and secure cross-border monetary transactions, announced its official launch with $17 million in funding from investors, including Eric Schmidt and Steel Perlot Management, LLC. Powered by a “highly scalable” proprietary ledger technology, capable of processing more than… Read More

June 7, 2023 @ 7:44 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest cryptocurrency exchange by trading volume (behind Binance) and a “leading” Web3 technology company, and regulated digital asset custody service provider Komainu, announced that OKX has “joined collateral management platform Komainu Connect, enabling institutional customers to conduct… Read More

June 7, 2023 @ 7:43 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows. The latest update bolsters Trulioo global leadership by “expanding geographic coverage and localization for person verification and further automating business… Read More

June 7, 2023 @ 7:01 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has introduced new rules for the digital asset or crypto asset industry. The FCA describes the new rules as “tough,” incorporating a “cooling off period” for new investors – commencing on October 8, 2023. The marketing rules are part… Read More

June 7, 2023 @ 3:58 pm By Omar Faridi  |  

The age of embedded finance and digital financial services has reached an inflection point, “with new payments and shopping solutions now commonplace in the US alongside legacy systems,” according to a new survey from Marqeta (NASDAQ: MQ), the global modern card issuing platform. The company’s… Read More

June 7, 2023 @ 11:09 am By JD Alois  |  

CrowdProperty is backing the £16 million development of a former Hallmark Card manufacturing facility that will be transformed into 137 apartments. According to the investment platform, CrowdProperty has agreed to a total development finance facility of £9,250,000 over an 18-month term. The developer is said… Read More

June 7, 2023 @ 9:35 am By Barry James  |  

Reservations, Threats & Benefits In a recent conversation with Danny Kruger, a member of the Treasury Select Committee, we delved into the Bank of England’s Digital Pound Project and the broader implications of Central Bank Digital Currencies (CBDCs). This discussion is particularly timely, given that… Read More

June 7, 2023 @ 8:56 am By Omar Faridi  |  

The Joint Regulatory Oversight Committee (JROC) has recently set out an ambitious program of work “to take forward recommendations for the next phase of open banking in the UK.” This involves “setting up dedicated workstreams to action the six key themes and priorities outlined in… Read More

June 7, 2023 @ 8:52 am By Omar Faridi  |  

Sella is launching the “Artificial Intelligence Business Incubator”, which is described as the the initiative aimed at startups, researchers, entrepreneurial teams, university spin-offs and companies “with projects based on AI technologies in the financial services sector.” “Artificial Intelligence Business Incubator” is currently underway, the international… Read More

June 7, 2023 @ 7:13 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest market research survey, Compliance and Controls: The State of the Industry, in conjunction with the University of Georgia Consumer Analytics program. With only 26% of participants… Read More

June 7, 2023 @ 5:11 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) has reportedly appointed Theo Michalopoulos as General Manager, Financial Services for the United Kingdom. In his role, Theo will be responsible for leading “the Financial Services industry for the UK across banking, capital markets and insurance.” Theo will be joining the Microsoft… Read More

June 6, 2023 @ 11:11 pm By Omar Faridi  |  

Global cross-border payment infrastructure company Thunes and Rawbank, the bank in the Democratic Republic of Congo (DRC), announced a partnership “to facilitate cross-border transaction flows between the DRC and the rest of the world through illicocash.” By partnering with Thunes, Rawbank now “becomes the first… Read More

June 6, 2023 @ 8:52 pm By Omar Faridi  |  

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More