Global

January 5, 2023 @ 5:37 pm By Omar Faridi  |  

Fraud spikes during periods of uncertainty and instability, and “the COVID-19 pandemic was no exception to this,” according to an update from Onfido. Onfido noted that the years 2020 to 2021 “saw all-time highs in the number of fraudulent attempts.” However as the world has… Read More

January 5, 2023 @ 11:29 am By JD Alois  |  

Funding Circle US, a subsidiary of the UK firm Funding Circle (LSE:FCH) has selected a new Managing Director to lead operations. According to a release, Steve Allocca will take over the US operations of the SME online lending platform, reporting directly to Funding Circle CEO… Read More

January 5, 2023 @ 10:48 am By Omar Faridi  |  

Bondsmith, the UK’s provider of cash management and savings solutions to the wealth management industry, has become a principal member of Visa, a key player in digital payments, “to further its mission of improving the wealth management industry through embedded banking services.” “Super-apps” and fintechs… Read More

January 5, 2023 @ 9:16 am By Omar Faridi  |  

A survey of more than 1,000 European business leaders based in the UK, Belgium and the Netherlands, by Vodeno/Aion Bank has found: More than half (51%) believe BaaS will make traditional banking obsolete 58% said BaaS providers offering a licence alongside a tech solution will… Read More

January 5, 2023 @ 8:40 am By Omar Faridi  |  

ComplyAdvantage, which claims to be a global leader in AI-driven fraud and anti-money laundering (AML) risk detection, announced its inclusion in the Chartis RiskTech100. The RegTech saw “an increase in its overall score compared with 2022, driven by an almost 8 percentage point increase in… Read More

January 4, 2023 @ 11:27 pm By Omar Faridi  |  

Historically, London has enjoyed an “outsized” role in euro-denominated financial transactions, according to an update shared by the Bank for International Settlements (BIS). BIS has examined the latest evidence on whether Brexit has “affected its central role in trading of interest rate derivatives, foreign exchange,… Read More

January 4, 2023 @ 10:10 pm By Omar Faridi  |  

Yieldstreet notes that in this challenging market environment, where stocks and bonds have been largely underperforming, investors “may be looking to allocate their capital to assets with little correlation to public markets.” Yieldstreet points out that one of the most, if not the most, uncorrelated… Read More

January 4, 2023 @ 9:08 pm By Omar Faridi  |  

As new CommBank research reveals top financial New Year’s resolutions for Australians, CBA’s Chief Behavioral Scientist explains “some practical strategies to help achieve New Year’s goals.” With cost of living pressures top of mind, new consumer research released by Commonwealth Bank reveals Australians are “looking… Read More

January 4, 2023 @ 4:13 pm By Omar Faridi  |  

Backbase, which claims to be the global “leader” in Engagement Banking, announced the appointment of Mark Appel as Chief Marketing Officer. Appel will “lead Backbase’s marketing organization, bringing over 30 years of experience with technology and growth companies such as Apple, Twinfield (acquired by Wolters… Read More

January 4, 2023 @ 3:21 pm By Omar Faridi  |  

Investment platform Robo.cash reports that loans worth €18M “were purchased” during December 2022. The team at Robocash also mentioned that 669 new customers started investing via their platform in December 2022. Investors reportedly “received €781,000 in interest.” Robo.cash also confirmed that they have “updated the… Read More

January 4, 2023 @ 11:45 am By Omar Faridi  |  

In 2022, PeerBerry investors “funded EUR 537.5 million in loans.” In total, during the entire period of PeerBerry’s activity (within 5 years of the platform’s operation), PeerBerry’s investors “funded EUR 1.5 billion in loans.” According to the monthly volume of funded loans, PeerBerry claims it… Read More

January 4, 2023 @ 8:44 am By Omar Faridi  |  

Paycell, Türkiye’s next-generation digital payment platform, announced a strategic partnership with Nium, the platform for global money movement, to offer international money transfers from account to account using Nium’s leading business payments infrastructure. The partnership “makes life easier for Paycell users to perform fast, safe,… Read More

January 4, 2023 @ 8:42 am By Omar Faridi  |  

2022 has been a year “like no other—marked by market volatility for both crypto and traditional markets,” according to an update from Anchorage Digital. Anchorage Digital claims that it was “built for exactly this moment.” And within this volatility, they have “continued to grow and… Read More

January 4, 2023 @ 8:39 am By Omar Faridi  |  

Solaris, which claims to be Europe’s “leading” embedded finance platform, announced changes to its management board. This move is linked to Solaris‘ new target operating model “following a corporate strategy update and the recently communicated CEO succession.” Carsten Höltkemeyer, who took office as CEO designate… Read More

January 3, 2023 @ 11:32 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payment solutions, has  announced it is “officially live in the market with PayTo, an instant account-to-account payment method that has been designed to replace Australia’s traditional Direct Debit network in approximately three to five… Read More

January 3, 2023 @ 9:56 pm By Omar Faridi  |  

Caixa Geral de Depósitos (CGD), the Portuguese state-owned banking corporation, and the largest bank in Portugal, has chosen “to implement regulatory reporting software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR).” OneSumX for Regulatory Reporting “combines bank data into a single source of data… Read More

January 3, 2023 @ 9:00 pm By Omar Faridi  |  

Binance has partnered with Kazakhstan’s government organizations in charge of financial technology, education, digital development, and innovation “with the goal of delivering blockchain education to 40,000 people by 2026.” To plan and execute this large-scale initiative, Binance joined forces with the Research Lab’s Blockchain Center,… Read More

January 3, 2023 @ 3:51 pm By Omar Faridi  |  

2022 has been a year of “success” and excitement, the team at Poloniex claims. As a proponent of blockchain technology, Poloniex says that it understands very well that education and adoption “are the key to fostering the development of Web3.” Since its establishment in 2014,… Read More

January 3, 2023 @ 12:05 pm By Omar Faridi  |  

Small- and medium-sized enterprises (SMEs) and mid-sized companies are the backbone of the global economy, according to an update from the World Economic Forum (WEF). They create “close to 70% of jobs and GDP worldwide.” But, amid warnings of a global recession, research from the… Read More

January 3, 2023 @ 11:06 am By JD Alois  |  

DealMaker, a tech platform and broker-dealer enabling online funding rounds, has distributed a report outlining 2022 performance. According to DealMaker, 2022 was a record year as it powered $492 million in funding, claiming to process 200% more than any other platform. Dealmaker share that it… Read More