Global

May 18, 2023 @ 4:50 pm By Omar Faridi  |  

Against a surge in both business and personal travel, global fintech Airwallex and leading travel technology company Expedia Group announced today a joint promotion to help customers save when booking hotel stays. Jessica Chiu, Head of North American Strategic Partnerships at Airwallex said global business… Read More

May 18, 2023 @ 8:08 am By JD Alois  |  

Top dollar based stablecoin issuer Tether says it will take its operating profits and purchase Bitcoin. Tether said that it first manages reserves but the purchase of Bitcoin, the worlds most popular crypto, will further strengthen reserves. The purchases of Bitcoin will commence this month… Read More

May 18, 2023 @ 7:23 am By JD Alois  |  

Digital asset industry participants are pushing back against the Parliament Treasury Committee’s report on crypto that declared the asset class should be treated like gambling. The statement was predicated on the opinion that many cryptocurrencies hold no intrinsic value – except for speculation. The Chair… Read More

May 18, 2023 @ 7:00 am By Omar Faridi  |  

With this key acquisition, Ripple takes on the growing institutional crypto custody market, expected to reach $10T by 2030 Ripple, the Fintech focused on enterprise blockchain and crypto solutions, announced it has acquired Metaco, a Swiss-based provider of digital asset custody and tokenization technology. Diversifying… Read More

May 18, 2023 @ 6:46 am By Omar Faridi  |  

IDEX Biometrics is expanding biometric payment card programs in Turkey with a fourth issuer. This fast growing bank challenger “represents a customer portfolio of more than 10 million customers.” The biometric payment cards from this issuer are “expected to be in consumers’ hands by the… Read More

May 17, 2023 @ 11:29 pm By Omar Faridi  |  

Fabrick, a European leader in ‘Open Finance’, announces today the acquisition of Judopay, a UK-based mobile payments company. This deal will allow Fabrick’s Payment Orchestra “to benefit from Judopay’s innovation expertise in digital commerce.” Together, they will “define new models and standards to provide smoother… Read More

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

Digital wealth platform Yield App has partnered with Volt, the global real-time payments gateway, in order “to offer additional GBP and EUR on-ramps via FPS and SEPA Instant.” Yield App customers “can now buy cryptocurrency in real time directly with their bank, thanks to the… Read More

May 17, 2023 @ 10:45 pm By Omar Faridi  |  

Criminals have never had more avenues through which to defraud people, according to an update from ComplyAdvantage. This has been “fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments.” That’s why ComplyAdvantage, a key… Read More

May 17, 2023 @ 10:24 pm By Omar Faridi  |  

CoinShares International Limited (Nasdaq Stockholm: CS), the European digital asset manager, has published its results for the quarter ending 31st March 2023. Jean-Marie Mognetti, Chief Executive Officer of CoinShares said: “I’m pleased to announce that Q1 2023 has underscored CoinShares’ robust resilience and adaptability. The… Read More

May 17, 2023 @ 10:14 pm By Omar Faridi  |  

Robocash Group recently commented on their latest audited financial statements for 2021-2022. Natalya Ischenko, CEO of Robocash Group, also spoke about the platform’s first results for 2023 and “shared the Group’s immediate plans.” As noted in a blog post by Robo.cash, there were around 30,000… Read More

May 17, 2023 @ 5:19 pm By JD Alois  |  

This morning, a Parliament Treasury Committee issued a report that was highly critical of crypto, announcing that it believes this sector should be regulated similarly to gambling. The Committee said many digital assets have no intrinsic value, creating unecessary risk for UK investors. Today, Innovate… Read More

May 17, 2023 @ 4:45 pm By Omar Faridi  |  

corfinancial, a provider of specialist software and services to the financial services sector, announces the implementation of its Central Securities Depositories Regulation (CSDR) software, SureVu, at Man Group, a global active investment management firm with $144.7 billion of AUM (as of 31st March 2023). SureVu… Read More

May 17, 2023 @ 12:35 pm By Omar Faridi  |  

Zimpler, a fintech company providing seamless and secure account-to-account (A2A) payment solutions, announced the launch of instant cross-border payouts. The feature will allow Zimpler’s customers “to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or… Read More

May 17, 2023 @ 9:32 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $110 million in Series D funding along with a $55 million revolving credit facility from Barclays and JP Morgan. The equity capital was raised at a valuation of $4.5 billion. wefox described the funding as buttressing its business model… Read More

May 17, 2023 @ 8:32 am By Omar Faridi  |  

SIX, the global financial information provider, and FlexTrade Systems, a global firm focused on multi-asset execution and order management systems, have announced the integration and availability, as of now, of global real-time market pricing and reference data from SIX, into the Spark cloud-based EMS solution…. Read More

May 17, 2023 @ 8:27 am By Omar Faridi  |  

Standard Chartered (LON: STAN) and one of the “largest” merchant acquirers, Worldpay from FIS, have announced a strategic partnership “to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants.” This global partnership is considered… Read More

May 17, 2023 @ 8:24 am By Omar Faridi  |  

LHV Bank, a provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow. LHV Bank’s Manchester-based SME lending team “offers commercial mortgages… Read More

May 17, 2023 @ 8:22 am By Omar Faridi  |  

Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC, a private investment firm based in New York and London. Existing investors participating in the investment… Read More

May 16, 2023 @ 11:01 pm By JD Alois  |  

CryptoUK, a UK-based advocacy group supporting digital asset innovation, has slammed comments made by the UK Treasury Committee that has been reviewing the crypto industry in the country. CryptoUK criticized the statement that denigrated digital asset markets, with the Committee describing crypto as follows: “Unbacked… Read More

May 16, 2023 @ 10:35 pm By Omar Faridi  |  

Debitum partners from Poland and UK – financing company Flexidea Polska and Triple Dragon – have released 3 new ABS programs. Debitum is “a digital debt marketplace that aggregates business loans from SMEs across Europe for diversified investment.” Debitum enables investors “to access an alternative… Read More