Global

April 11, 2023 @ 10:15 pm By Omar Faridi  |  

FYST, a “one-stop” payments consultancy for ecommerce businesses, has released the first part of a new three-part report, ‘The Map of World Payments’, that drills deep into ecommerce payment trends, with this instalment focusing on the MENA region, and shows how merchants serving these regions… Read More

April 11, 2023 @ 7:37 pm By Omar Faridi  |  

Hyperscience, the most “accurate” Intelligent Document Processing Platform, recently announced that it is “on track to surpass one billion processed documents for the U.S. Government in 2023.” This milestone demonstrates Hyperscience’s ability “to unlock valuable data with unrivaled accuracy for Federal clients, including The Social… Read More

April 11, 2023 @ 4:35 pm By JD Alois  |  

Bitfinex Securities El Salvador S.A. de C.V., has been granted the “first ever” license as a Digital Asset Service Provider under El Salvador’s new Digital Assets Issuance Law or Ley de Emisión de Activos Digitales – which became law in January 2023. Bitfinex Securities El Salvador… Read More

April 11, 2023 @ 4:14 pm By Omar Faridi  |  

Bitget, a crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, “with an initial investment of $100 million.” The fund will “focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting… Read More

April 11, 2023 @ 11:28 am By JD Alois  |  

In collaboration with Innovate Finance, the Department of Business and Trade, the City of London, the Foreign, Commonwealth and Development Office; the Cambridge Centre for Alternative Finance (CCAF) is soliciting information on UK Fintechs. While the deadline for information was pegged at April 5th, the… Read More

April 11, 2023 @ 10:37 am By JD Alois  |  

The IMF expects global economic growth to decline by 0.1 than previously anticipated generating 2.8% before rising to 3% in 2024. In 2022, economic growth stood at 3.4% and thus reflects the declining global economy. The expectations were shared as part of the IMF’s World… Read More

April 11, 2023 @ 10:11 am By JD Alois  |  

Finastra, a financial services tech stack provider, has announced a partnership with Alygne to provide “tailored ESG alternative data” to assist asset managers interested in ESG investments. Fabien Féron, Senior Product Manager at Fusion Invest at Finastra, said that making investments that align with values… Read More

April 11, 2023 @ 9:56 am By JD Alois  |  

FV Bank, a Puerto Rico-based digital bank that provides digital asset services, has appointed Frank J. Serra as its new Chief Financial Officer (CFO). According to the bank, Serra previously held numerous leadership positions, such as CEO, COO, and Director of Operations, and most recently… Read More

April 11, 2023 @ 8:10 am By Omar Faridi  |  

A new study from Juniper Research, foremost “experts” in the payments market, found that the transaction value of recurring payments “will exceed $15.4 trillion globally in 2027, from $13.2 trillion in 2023.” This relatively slow growth of 17% “reflects that recurring payments are a well-established… Read More

April 11, 2023 @ 8:09 am By Omar Faridi  |  

Wealthtech Addepar recently shared key platform developments, research insights and client, partner and company updates. As noted in a blog post, Addepar Navigator continues “to generate interest from their clients as a tool for managing liquidity for portfolios with significant investments in private capital assets.”… Read More

April 10, 2023 @ 11:27 pm By Omar Faridi  |  

Vechain’s mission is building robust foundational blockchain infrastructure and driving Web3 adoption throughout the global economy. According to a blog post, achieving this “demands a resilient network with reliable accessibility for developers and enterprises building decentralized solutions.” The team says it is pleased to share… Read More

April 10, 2023 @ 10:52 pm By Omar Faridi  |  

Pairing Mambu’s cloud-native core banking infrastructure with Bitpanda’s 24/7 trading platform makes it easier for financial institutions globally “to provide investment capabilities to their customers.” Bitpanda Technology Solutions, the European Investment-as-a-Service platform, has partnered with SaaS (Software-as-a-Service) cloud banking platform Mambu “to provide financial institutions… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

April 10, 2023 @ 4:38 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, today announced a new technology integration with Optima Global Solutions, a software and services firm specializing in providing IT consulting and digital transformation solutions. The integration will “enable Optima’s customers to further streamline accounts… Read More

April 10, 2023 @ 4:35 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s largest digital financial services platforms, launched the campaign” “Those who have Nubank have more security and less concerns.” The action aims “to highlight the company’s security features, high technology, and data protection tools offered to more than 70… Read More

April 10, 2023 @ 4:22 pm By JD Alois  |  

Global private equity deal value and volume cratered in March as well as during the entire first quarter. According to S&P Global Market Intelligence, March PE deals vaporized – dropping by 37.1% year over year. During March 2023, $63.42 billion was raised in contrast to… Read More

April 10, 2023 @ 9:27 am By JD Alois  |  

FTX Exemplified hubris, incompetence, and greed. FTX CEO John J. Ray, III has filed his first interim report on the failure of FTX as the bankruptcy proceedings continue. Once one of the largest crypto exchanges in the world, led by high-profile founder and CEO Sam… Read More

April 10, 2023 @ 8:28 am By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, is solidifying its money transfer services to Latin America by “enabling U.S. customers to send money to Latin America quickly, securely and for a low fee through transfers to bank accounts.” Since launching transfers to bank accounts… Read More

April 10, 2023 @ 8:27 am By Omar Faridi  |  

Canadian Web3 investment firm BitValue Capital announces a strategic partnership with IOST through a USD 10 million long-term investment aimed at “enhancing IOST’s mainnet capabilities and supporting the continuous development of its ecosystem.” BitValue Capital will also “play an advisory role,” helping IOST with the… Read More

April 9, 2023 @ 11:57 pm By Omar Faridi  |  

In March, the total investments on Mintos saw “a surge of €90.7 million worth of Notes funded, with interest earned by investors amounting to €4.3 million.” This was largely “driven by a decrease in pending payments.” The average interest rate for March “was 12.6%, resulting… Read More