Global

April 8, 2023 @ 11:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This move further “reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce… Read More

April 8, 2023 @ 10:39 am By Omar Faridi  |  

Eleven new sustainability-focused start-ups joined Societe Generale’s (GLE.PA) flagship Global Markets Incubator (GMI) dedicated “to developing ground-breaking solutions for the financial industry.” From a selection pool of over 140 applicants, these start-ups are “addressing some of the finance industry’s biggest ESG concerns, including carbon emissions… Read More

April 7, 2023 @ 4:09 pm By Omar Faridi  |  

CoreChain Technologies, the embedded B2B payments network built on distributed ledger technology, announced the launch of its direct-to-customer payments automation product, CoreChain Pay. The “secure,” digital, and Cloud-based system allows companies “to eliminate paper checks, reduce fraud risk, simplify vendor payments, and increase profits, while… Read More

April 7, 2023 @ 1:16 pm By Omar Faridi  |  

CrowdProperty, an online property lending platform, has raised 103% (£414,271) of its £400,009 target via Seedrs (at the time of writing) from 403 investors with 5 days left in the firm’s crowdfunding campaign. CrowdProperty has utilized the services of Seedrs multiple times in the past…. Read More

April 7, 2023 @ 12:29 pm By Omar Faridi  |  

The Celo Foundation is pleased to announce a new partnership with Google Cloud in order to bolster the growth of mission-aligned projects in Celo’s blockchain ecosystem and to expand the early adoption of Google Cloud services. As cLabs’ preferred Cloud provider, Google Cloud’s secure and… Read More

April 7, 2023 @ 12:28 pm By Omar Faridi  |  

MEPs approved stricter rules “to close existing gaps in combating money laundering, terrorist financing and evasion of sanctions” in the European Union. This past week, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees “adopted their position on three… Read More

April 7, 2023 @ 11:58 am By JD Alois  |  

Sway, a new payments platform that dodges costly card transactions, is preparing to raise money in a securities offering listed on Seedrs. While not live yet, Sway is taking emails for “priority access” when the offering is available. Sway was launched based on the idea… Read More

April 7, 2023 @ 10:12 am By Omar Faridi  |  

Nium, the global payments infrastructure for on-demand money movement, announced the appointment of Volker Steinle as Senior Vice President and General Manager, Americas. Steinle will be responsible “for accelerating sales and revenue growth in the region, building an exceptional go-to-market team, and engaging customers and… Read More

April 7, 2023 @ 8:53 am By Omar Faridi  |  

Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, a UK-based asset manager, today announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a digital payment service provider that enables online payments in Africa. Completion… Read More

April 7, 2023 @ 8:51 am By Omar Faridi  |  

Patrick Kavanagh, CEO and co-founder of fixed fee money transfer app Atlantic Money, steps down from his position “to become Non-Executive Director and remain for the company as an advisor.” Neeraj Baid, co-founder and former Chief of Product, “takes over the role of the CEO…. Read More

April 6, 2023 @ 12:41 pm By JD Alois  |  

LuxSE (Luxembourg Stock Exchange) has been recognized as “Exchange of the Year” by Environmental Finance as part of the Bond Awards 2023, an annual event that supports the sustainable bond market. LuxSE said it received the award for its work in “advancing gender finance and… Read More

April 6, 2023 @ 11:33 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) have posted a notice putting influencers on notice not to promote “get rich quick” schemes or pursue “illegal financial promotions.” The FCA recently reported they pursued interventions 8582 times in 2022, more than 14X… Read More

April 6, 2023 @ 11:17 am By Omar Faridi  |  

CoinTrade, an app-based trading platform, cryptocurrency exchange and staking services provider owned by Mercury Co., Ltd, has announced its integration with Fireblocks, a platform to create innovative products on the blockchain and manage day-to-day crypto operations. Whilst the digital assets industry has evolved rapidly over… Read More

April 6, 2023 @ 10:56 am By JD Alois  |  

Announced today, the Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services (AFS) license held by Oztures Trading Pty Ltd, trading as Binance Australia Derivatives. ASIC states that the cancellation took effect as Binance had requested the move. Binance will cease providing… Read More

April 6, 2023 @ 9:00 am By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has successfully closed its Series B equity financing round, raising in excess of $100 million in equity and debt financing. The investment round was “led by IFC and supported by Prime Ventures, Partech Africa, U.S. International Development Finance Corporation… Read More

April 6, 2023 @ 8:08 am By Omar Faridi  |  

PostFinance, one of Switzerland’s major financial institutions and largest retail banks, partners with Sygnum, which claims to be one of the world’s first digital asset banks, “to offer its customers a range of regulated digital asset banking services via Sygnum’s B2B banking platform.” PostFinance‘s partnership… Read More

April 6, 2023 @ 7:54 am By Omar Faridi  |  

21Shares AG, which claims to be the world’s largest issuer of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, unveiled the 21Shares Stacks Staking ETP (ASTX) – the “world’s first” ETP offering exposure to Stacks. Stacks is “a crypto asset protocol that unlocks… Read More

April 5, 2023 @ 11:47 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert, Simon Hughes, as General Manager for Cowbell UK. Hughes joins Cowbell “with a unique blend of experience across the U.S. and the UK,… Read More

April 5, 2023 @ 10:00 pm By Omar Faridi  |  

Finance Incorporated Limited, a gateway provider of electronic money services, announced today it has selected ThetaRay AI-powered transaction monitoring technology to further “strengthen its AML framework and grow business alongside increasing volumes of transaction data.” The agreement with ThetaRay “to implement the SaaS-based SONAR AI… Read More

April 5, 2023 @ 2:32 pm By JD Alois  |  

Operation Cookie Monster Genesis Market, a dark web operation that catered to criminals looking for stolen identities to pilfer bank accounts or pursue ransomware operations, has been taken down in a coordinated operation that involved many different enforcement agencies around the world. The Federal Bureau… Read More