Global

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

May 16, 2023 @ 10:33 pm By Omar Faridi  |  

The first quarter of 2023 started and ended with “a bang,” according to Bondora. After February had some of the highest origination and investment figures Bondora has seen post-pandemic, March statistics reportedly surpassed “all previous records to set new all-time highs. Investments and originations topped… Read More

May 16, 2023 @ 10:31 pm By JD Alois  |  

A UK Parliament Treasury Committee is calling for crypto to be regulated like gambling. This is due to significant risks to consumers as well as the heightened volatility of digital assets. Currently, around 10% of the UK population holds crypto. The Committee, which includes members… Read More

May 16, 2023 @ 3:17 pm By Omar Faridi  |  

The European Union (EU) brings crypto-assets, crypto-assets issuers, and crypto-asset service providers under a regulatory framework. Last month after several delays, the European Parliament adopted MiCA or Markets in Crypto-Assets regulation. This legislative development aims to allow all EU member states to provide digital asset… Read More

May 16, 2023 @ 11:17 am By Omar Faridi  |  

The team at TWINO notes that they have launched a Cashback bonus campaign. As noted in a blog post by TWINO, you can  “enroll in the campaign and earn a 2% cashback bonus for investments in Polish Loan Securities during the Cashback period.” The campaign… Read More

May 16, 2023 @ 10:17 am By Omar Faridi  |  

Nordea has completed the acquisition of the Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals. The acquisition reportedly “strengthens Nordea’s life and pension offering in Sweden and accelerates the bank’s strategic ambitions within savings.” The acquisition of Advinans fits well with… Read More

May 16, 2023 @ 9:40 am By Omar Faridi  |  

The digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers “with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need… Read More

May 16, 2023 @ 8:04 am By Omar Faridi  |  

PeerBerry business partners are repaying €1.8 million of war-affected loans. Under the Group guarantee mechanism in 15 months of the war, PeerBerry business partners have already “repaid €38.73 million, or 77.12% of the total war-affected obligations towards PeerBerry investors.” As noted in a blog post,… Read More

May 16, 2023 @ 7:59 am By Omar Faridi  |  

Austrian digital asset firm Bitpanda is reportedly planning to invest $10 million in order establish a dedicated AI unit. Bitpanda explained that the new unit will aim to provide a suite of AI-enhanced products and investing solutions, including personalized investment ideas, automated portfolio strategies, as… Read More

May 16, 2023 @ 12:14 am By Omar Faridi  |  

Hyphe, the digital asset liquidity provider for financial institutions, has received a certificate of compliance to ISO 27001 Information Security Management by internationally-recognized certification body, BSI Group. The certification “reinforces Hyphe’s commitment to the highest security standards ahead of Europe’s new Markets in Crypto Assets… Read More

May 15, 2023 @ 10:35 pm By Omar Faridi  |  

SkySparc, an independent solutions provider, has implemented its OmniFi solution for German energy company Uniper on a software-as-a-service (SaaS) basis, via Microsoft Azure. Under this new outsourced service model, SkySparc reportedly “provides clients with all aspects of OmniFi’s functionality and maintenance remotely via the cloud,… Read More

May 15, 2023 @ 5:33 pm By Omar Faridi  |  

Nilos, a financial platform for businesses operating with crypto-currencies, has launched its new Virtual EU IBANs aimed at companies dealing with crypto in Europe. The move has been made possible by their new partnership with Modulr, a payment and card-issuing platform. The solution allows businesses… Read More

May 15, 2023 @ 11:21 am By JD Alois  |  

Creditshelf, an online lender service SMEs, is reporting high loan demand during the first three months of 2023. Creditshelf says it is the largest digital SME lender in Germany. Creditshelf said the requested loan volume increased by 15% to €490 million in the first three… Read More

May 15, 2023 @ 9:15 am By JD Alois  |  

Global private equity investments hit a 12-month low, according to a report. S&P Global Market Intelligence says in April 2023, private equity “plunged,” with deal value sinking by a whopping 66.8% year over year to $27.05 billion from $81.57 billion a year ago. Private equity… Read More

May 15, 2023 @ 8:59 am By Omar Faridi  |  

Founded in 2013, Assetz Capital claims it has become a leading alternative finance provider to SMEs in the UK. Now, as the business marks its ten years of doing business. The firm announced “that over the course of its history its supported the construction of… Read More

May 14, 2023 @ 3:47 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, today announced the first quantum software reseller agreement through PTC, a Singapore-based provider of enterprise data management solutions and services to Asia. The agreement enables PTC customers “to explore hybrid classical-quantum computing for… Read More

May 14, 2023 @ 2:59 pm By Omar Faridi  |  

Rapyd has announced a partnership with Belvo, the Open Finance data and payments platform in Latin America. By combining Rapyd’s extensive global payments network with Belvo’s expertise in open banking, the partnership will “enable businesses across Latin America to deliver seamless open finance experiences to… Read More

May 14, 2023 @ 2:07 pm By Omar Faridi  |  

Freepay has announced a collaboration with Finaro to strengthen its position in the Danish market as a payment provider (payment gateway). Through this collaboration, Freepay can now “offer a broader solution within online payments on various technical platforms, both physically and online, where card payment… Read More

May 14, 2023 @ 11:44 am By Omar Faridi  |  

ThreatFabric, a provider of fraud detection solutions & intelligence for the financial services sector, has raised €11.5 million in a seed round “to expand its technical capabilities and support the company’s growth.” Specifically, the funds were secured “to increase ThreatFabric’s international expansion and extend its… Read More

May 14, 2023 @ 11:13 am By Omar Faridi  |  

Quantexa, a global firm focused on Decision Intelligence (DI) solutions for the public and private sectors, announced that ING is deploying Quantexa’s platform to strengthen its risk detection and investigative efforts. Being a global bank serving 37 million customers, corporate clients, and financial institutions in… Read More