Global

February 13, 2023 @ 11:47 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance “for the branded stablecoin BUSD.” Effective February 21, Paxos will “cease issuance of new BUSD tokens as directed by and working in close coordination with the New York Department… Read More

February 13, 2023 @ 11:37 am By Omar Faridi  |  

Archax, the first FCA-regulated digital securities exchange broker and custodian, announced a partnership with ScribeStar, the digital capital markets documentation and compliance platform, in order “to create a fully digital issuance and admissions experience for companies accessing the Archax markets.” Archax’s institutional-grade, regulated exchange and… Read More

February 13, 2023 @ 10:42 am By Omar Faridi  |  

The Italian banking sector is going through a moment of “strong transformation” and faces many challenges in customer relations, according to an update from Backbase. Its centrality is “increasingly evident and its daily needs, which are constantly evolving, become more and more pressing and to… Read More

February 13, 2023 @ 9:15 am By JD Alois  |  

Bitpanda, launched in Austria but now serving a broader European market, has set up a holding company in Switzerland, according to a report. Bitpanda provides both a labeled and white-labeled Fintech as a service platform offering crypto trading, payments as well as traditional investments. Bitpanda… Read More

February 13, 2023 @ 8:35 am By JD Alois  |  

Last week, the UK government revealed data that indicated that the economy delivered no growth during the 4th quarter of 2022 – barely evading a recession. As inflation continues to hit the economy hard, the news remains rather grim, and the next report could indicate… Read More

February 13, 2023 @ 6:20 am By Omar Faridi  |  

London-based, green Fintech ekko is gearing up for a year of “sustained growth.” The company revealed “a series of unique product updates, and has opened up its service to employers, banks and payment providers for the first time.” These announcements come ahead of “the imminent… Read More

February 12, 2023 @ 8:47 pm By Omar Faridi  |  

Nu Colombia, Nubank’s (NYSE: NU) subsidiary in the country, announces that Catalina Breton, who has served as General Manager for the past 4 years, will be “stepping down from her role in the upcoming weeks to focus on personal projects.” Breton will be working “with… Read More

February 12, 2023 @ 7:11 pm By Omar Faridi  |  

The Brunei Darussalam Central Bank (BDCB) and Monetary Authority of Singapore (MAS) reaffirmed the close ties between the two authorities “at the fourth BDCB-MAS Bilateral Roundtable, and discussed new areas of collaboration.” At the Roundtable, BDCB Managing Director, Rokiah Bakar and MAS Managing Director, Ravi… Read More

February 11, 2023 @ 3:27 pm By Omar Faridi  |  

2023 starts where 2022 ended, with a “strong wave” of loan originations and investments. Investors added a total of €17,087,257 to their accounts, according to an update from Bondora. And loan originations also launched into the new year “with an impressive €17,137,703.” In January, 2,179… Read More

February 11, 2023 @ 12:45 pm By Omar Faridi  |  

October has been providing financing to Qonto, Europe’s financial management company, for almost two years now. Integrated directly via API with the Qonto platform, October “analyzes customer requests in a few clicks to provide them with an instant loan offer.” With over 40,000 active retail… Read More

February 11, 2023 @ 11:56 am By Omar Faridi  |  

Carbon credit transaction network Carbonplace has raised $45 million in “a strategic round of investment and formed its own entity.” Carbonplace, which “connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA,… Read More

February 11, 2023 @ 10:23 am By Omar Faridi  |  

Investment platform Robocash has announced that new rates “will apply to loans from 91 days to 3 years.” As most businesses of Robocash Group have currently achieved self-sustaining state, they are reportedly “reducing interest rates on several loan terms and do not plan to increase… Read More

February 11, 2023 @ 10:17 am By Omar Faridi  |  

February has started with “great news” from Debitum‘s UK Loan originator, the company Triple Dragon. Two new A+ ABS programs are added to Debitum. Both programs are “on increased interest rate – by 1% p.a. compared to the regular rate.” 1st ABS program details: Total… Read More

February 11, 2023 @ 10:13 am By Omar Faridi  |  

Banking and payments conglomerate Fidelity National Information Services Inc (NYSE: FIS) is reportedly planning to break up its operations, which will involve undoing a $43 billion acquisition it finalized a few years back. This, according to sources familiar with the matter (and cited by Reuters)…. Read More

February 10, 2023 @ 6:37 pm By Omar Faridi  |  

US Fintech Alloy has launched in the UK, strengthening its presence in EMEA “with key senior hires and office space in London.” Alloy‘s Identity Decisioning Platform “helps banks and fintech companies to make smarter and faster decisions about the risk profile of each customer, and… Read More

February 10, 2023 @ 4:13 pm By Omar Faridi  |  

FINOS, the Fintech Open Source Foundation and financial services umbrella of the Linux Foundation, announced its 2022 annual results, “highlighting the growth of the open source movement within the financial services industry, along with their 2023 strategic initiatives.” Led by the more than 2,100 contributors… Read More

February 10, 2023 @ 8:38 am By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, has released the regulatory principles that “guide its operations and its strategic decisions in adherence with the highest industry standards.” At a time when the crypto industry is facing unparalleled doubt and scrutiny due to both… Read More

February 10, 2023 @ 8:34 am By Omar Faridi  |  

Rosbank demonstrated the first digital gold exchange deal in Russia using digital rubles. According to the bank it involved “the exchange of tokenized gold between two parties using innovative distributed ledger technology (blockchain) to ensure the security and continuity of the process.” The project was… Read More

February 9, 2023 @ 10:59 pm By Omar Faridi  |  

The Bank of London, the “next-generation” technology company and the world’s first purpose-built global clearing, agency, and transaction bank, announced it has raised $40M, in an extension to its Series C funding, “bringing the company’s total raise to $160M.” This investment round follows The Bank… Read More

February 9, 2023 @ 10:44 pm By Omar Faridi  |  

Adyen (AMS: ADYEN) posts “strong” results and sustained profitable growth “driven by its global customer portfolio and motivated team executing on the company’s long-term ambitions.” Summary H2 2022 Processed volume “was €421.7 billion, up 41% year-on-year.” Of these volumes, point-of-sale volumes “were €67.6 billion, up… Read More