Global

March 8, 2023 @ 10:21 am By JD Alois  |  

  Established by the LawtechUK panel, the UK Jurisdiction Taskforce (UKJT) has issued a statement on digital asset clarity, which will “cement” the UK as the digital financial market leader in digital securities. The research was completed in partnership with the finance and economics consultancy… Read More

March 8, 2023 @ 10:02 am By Omar Faridi  |  

Global payments and financial platform Airwallex has secured a payment business license in China, following the successful acquisition of “a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company. Shang Wu Tong Network Technology has a… Read More

March 8, 2023 @ 8:50 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has announced taking action against “unregistered crypto ATMs.” Last year, the FCA announced it would shut down crypt ATMs that were not registered with the agency and in compliance with anti-money laundering rules. At that time, none of the… Read More

March 8, 2023 @ 8:35 am By Omar Faridi  |  

Northern Trust (Nasdaq: NTRS) announced that UK-based asset manager Redwheel is now using its data aggregation tool, developed by its strategic partner, Equity Data Science, Inc., in order “to enhance ESG integration across its investment business.” Founded in 2000 and formerly known as RWC Partners,… Read More

March 8, 2023 @ 8:32 am By Omar Faridi  |  

Following the announcement of impressive growth in the past year, Weavr has confirmed the acquisition of B2B Open Banking platform, Comma Payments, in “a first-of-its kind deal within the world of embedded finance.” The acquisition, which is “largely equity-based, will see Weavr retain most of… Read More

March 8, 2023 @ 8:30 am By Omar Faridi  |  

Global financial technology company SumUp has unveiled its multi-product subscription – SumUp One, now “available in the UK and Italy, and soon in other European markets.” SumUp One reportedly “combines the best of the SumUp product suite in a single, unified offering for merchants across… Read More

March 7, 2023 @ 8:07 pm By Omar Faridi  |  

Lightico, a provider of digital customer interactions, announced its integration with Innovis, a leading provider of fraud prevention solutions, “to provide its authentication tool, FailSafe®, to manage fraud risk.” The phone ID verification tool will “assist current and future Lightico customers with fraud detection and… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

March 7, 2023 @ 10:21 am By JD Alois  |  

Assured Allies has raised $42.5 million in Series B funding, according to a statement by the Insurtech. The funding round was co-led by FinTLV Ventures and existing investor Harel Insurance. Additional investors included Lumir Ventures, Funds managed by Hamilton Lane (NASDAQ: HLNE), New Era Capital… Read More

March 7, 2023 @ 10:09 am By JD Alois  |  

The French Autorité des Marché Financier (AMF) has launched a “mystery shopper” campaign to gain first-hand experience as to how banks are treating their customers. What the regulator uncovered clearly fell short of what old banks should be doing. The AMF notes that it has… Read More

March 7, 2023 @ 9:56 am By JD Alois  |  

UK-based Fintech Tide has published a survey that indicates women founders find it difficult to access capital. According to the survey, limited access to capital is the top issue for starting a business. Tide reports that more than half, or 53% of women across the… Read More

March 7, 2023 @ 8:42 am By Omar Faridi  |  

SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave reportedly “offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning… Read More

March 7, 2023 @ 6:47 am By Omar Faridi  |  

Cambridge Mobile Telematics (CMT), which claims to be the world’s largest telematics service provider, announced that it has acquired Amodo, a telematics company based in Europe. The acquisition brings together two telematics companies “with large and growing footprints in Europe, giving Amodo’s customers access to… Read More

March 7, 2023 @ 5:37 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced plans to launch an AWS infrastructure Region in Malaysia. The new AWS Region will “give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and… Read More

March 6, 2023 @ 4:04 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced the launch of its Qristal software suite, “enabling R&D teams to explore integrating quantum systems in real-world applications in a critical step towards practical utility of the technology.” With Qristal, developers and… Read More

March 6, 2023 @ 3:17 am By Omar Faridi  |  

Berlin-based infrastructure fintech Upvest supports the mobile banking and investment app Vivid with its Investment-API, “enabling Vivid to expand its range of investment opportunities for private investors.” Upvest’s API solution allows Vivid’s end-customers “to invest in European ETFs and stocks with all relevant shareholder rights… Read More

March 6, 2023 @ 1:17 am By Omar Faridi  |  

Liquidity Group, a pioneering financial technology firm and asset manager that uses patented machine learning and decision science to provide capital to high-growth technology companies, has announced the launch of its global ‘Twenty Chairs’ series. The series will bring together leading industry players “to network… Read More

March 5, 2023 @ 11:14 pm By Omar Faridi  |  

Feedzai, a key player focused on fighting financial crime with AI, has joined the Global Anti Scam Alliance (GASA) – a not-for-profit organisation whose goal is “to protect consumers across the world from scams – as a corporate member.” GASA brings together governments, law enforcement,… Read More

March 5, 2023 @ 10:45 pm By Omar Faridi  |  

Tipalti, the global payables solution, announced its 2022 results, highlighting significant growth in customer transactions, expanded office space and locations, and innovative new products. Tipalti grew its overall customer base “to more than 3,000, helping total transactions to soar by 50% for a total payments… Read More

March 5, 2023 @ 10:37 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, and Silicon Valley Bank, announced the availability of a new global payment solution, which will “allow mutual clients to send cross-border payments more efficiently, predictably, and at a lower cost by leveraging local payment… Read More