Global

February 26, 2023 @ 9:34 pm By JD Alois  |  

The Financial Action Task Force or FATF, the global AML/CFT group, has announced the outcomes of its most recent plenary. Included in the announcement are several items of note. Filed under “improving implementation of FATF requirements for virtual assets and virtual asset service providers,” the… Read More

February 26, 2023 @ 6:53 pm By Omar Faridi  |  

Former CEO, CPO and CTO of Nordigen are expected to hold leadership roles in data, connectivity and engineering as integration of the two companies continues. GoCardless, a global firm focused on bank payment solutions, has “appointed three executives from open banking provider Nordigen, which it… Read More

February 26, 2023 @ 4:37 pm By Omar Faridi  |  

Deel Lab, the HR company’s research and policy consortium, published its State of Global Hiring Report. Findings from 260k+ worker contracts across 160 countries “show that from January through December 2022, global hiring grew across all regions, although some regions saw a higher rate of… Read More

February 26, 2023 @ 11:17 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced the creation of two new leadership positions to accelerate the company’s delivery against its strategic priorities. Karen Griffin, currently the company’s Chief Compliance Officer, will “take on a new role as Chief Risk Officer.” The ability to manage an organization’s risk… Read More

February 26, 2023 @ 9:47 am By Omar Faridi  |  

Noventiq (LSE: SFTL), the global digital transformation and cybersecurity solutions and services provider, announces that the acquisition of the majority stake of Saga Group has been closed. In September 2022, Noventiq signed an agreement “to acquire Saga Group.” The transaction strengthens Noventiq’s presence in Eastern… Read More

February 25, 2023 @ 6:38 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families, announced it has expanded into the Middle East with the launch of its outbound remittance product in the UAE. Remitly has also “opened an office in the Dubai International Financial… Read More

February 25, 2023 @ 6:36 pm By Omar Faridi  |  

DirectID, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company. With a mission to promote financial inclusion… Read More

February 25, 2023 @ 10:11 am By Omar Faridi  |  

UK car finance fintech Carmoola has raised a £8.5 million Series A round and £95 million debt facility to improve “the way people pay for car purchases.” The investment round was “led by US-based fintech specialists QED Investors, with participation from existing investors VentureFriends and… Read More

February 24, 2023 @ 7:17 pm By Omar Faridi  |  

Following its recent analysis of online fraud trends in 2023, SEON has delved deeper into the specific risks “facing iGaming operators around the world.” Leveraging millions of data points from across its platform, the company has created a new report, which “highlights the persistent nature… Read More

February 24, 2023 @ 7:16 pm By Omar Faridi  |  

Linux Foundation Europe, an independent trusted supporter and vendor-neutral home for open source projects in Europe, announced the official formation of the OpenWallet Foundation (OWF). This new, collaborative effort will “develop open source software to support interoperability for a wide range of wallet use cases,… Read More

February 24, 2023 @ 3:32 pm By JD Alois  |  

EuroCrowd is ten years old. Originally called the European Crowdfunding Network, the association has long been an important voice advocating on behalf of online capital formation and a key proponent in the fight to enact pan-European crowdfunding rules. A recent email distributed by EuroCrowd noted… Read More

February 24, 2023 @ 3:17 pm By Omar Faridi  |  

Ingenico, the company focused on payment acceptance solutions, has just signed a strategic partnership with Binance, the largest exchange for digital assets, “to offer an in-store cryptocurrency payment acceptance solution.” The first pilots have “been deployed in France.” This partnership is “a major step in… Read More

February 24, 2023 @ 12:41 pm By Omar Faridi  |  

The team at Finch reveals they’ve raised $40M in their Series B round, “co-led by General Catalyst and Menlo Ventures, with additional investments from QED, PruVen, and Altman Capital.” As mentioned in the update, the workforce is “the backbone of the U.S. economy.” From retirement… Read More

February 24, 2023 @ 12:33 pm By JD Alois  |  

DZ Bank, a Bafin-regulated financial institution, has chosen Metaco to power its digital asset custody solution. DZ Bank is the central institution of the Volksbanken Raiffeisenbanken cooperative financial network. As a central institution, DZ Bank provides various services, particularly asset management services, being one of… Read More

February 24, 2023 @ 12:22 pm By Omar Faridi  |  

NatWest and NAB have published a jointly authored white paper “exploring the common threads that bind both Australia’s Consumer Data Right (CDR) and the UK’s Open Banking regime.” The agenda-setting whitepaper “highlights the similarities in the policies that underpin both regimes: to increase competition, innovation… Read More

February 24, 2023 @ 11:55 am By JD Alois  |  

SaveLend Group has received a license to operate as an investment crowdfunding provider following the approval of the Swedish Financial Supervisory Authority SBL Finans AB (publ), a subsidiary of SaveLend Group AB, will now be able to passport its services throughout Europe. In 2021, the… Read More

February 24, 2023 @ 9:02 am By Omar Faridi  |  

Funding Circle (LSE:FCH) has announced a partnership with Sage, a firm focused on accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs). The collaboration “makes it simpler for small businesses to secure funding.” With the incorporation of Sage Accounting and Funding Circle’s… Read More

February 24, 2023 @ 8:54 am By Omar Faridi  |  

The role of AI in EU securities markets is becoming more significant. A widespread use of artificial intelligence (AI) comes with “risks,” according to an update from European Securities and Markets Authority (ESMA). In particular, increased uptake may “lead to the concentration of systems and… Read More

February 23, 2023 @ 10:00 pm By Omar Faridi  |  

FNZ, the global wealth management platform, has confirmed the completion of its acquisition of YieldX, a US-based provider of fixed-income portfolio management technology and optimization services for the wealth management industry. The acquisition “brings together the full-service end-to-end platform of FNZ with YieldX’s market-leading digital… Read More

February 23, 2023 @ 4:03 pm By Omar Faridi  |  

Blockchain and IoT connectivity firms, Minima and stacuity are teaming up to revolutionise IoT installations across multiple industries. The partnership will “integrate Minima’s decentralized blockchain capabilities with stacuity’s programmable core mobile network and SIM cards, providing an exciting set of tools for IoT customers.” This… Read More