Global

November 9, 2022 @ 1:02 pm By Omar Faridi  |  

Liquidnet, a technology-driven agency execution specialist, announced the advancement of electronification in the new bond issuance process “following the successful transmission of buy-side orders in live market deals from Order and Execution Management Systems (O/EMS) to participating syndicate banks.” This workflow follows “the initial testing… Read More

November 9, 2022 @ 11:22 am By Omar Faridi  |  

UBS AG (SWX: UBSG) recently priced its inaugural senior unsecured digital bond, “a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).” The digital bond has “the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note but… Read More

November 9, 2022 @ 10:33 am By JD Alois  |  

The rapid demise of FTX, once the second-largest crypto exchange in the world, continues to impact crypto markets and the industry in general. Bitcoin is now at a year-to-date low, trading at around $17,700. FTT, the native digital asset of FTX, has cratered, trading at… Read More

November 9, 2022 @ 9:31 am By Omar Faridi  |  

HSBC is pleased to partner with Marketnode, a SGX Group and Temasek joint venture and digital markets infrastructure operator, and UOB in order “to pilot fully digital issuance of wealth management products as part of a Monetary Authority of Singapore (MAS)-led collaboration on asset tokenisation,… Read More

November 9, 2022 @ 8:50 am By Omar Faridi  |  

Worldline [Euronext: WLN], a global player focused on payment services, announced the signing of a binding agreement for the acquisition of Banco Desio’s merchant acquiring activities and the planned set-up of a commercial partnership “aiming to leverage Banco Desio’s banking network in order to distribute… Read More

November 8, 2022 @ 11:27 pm By Omar Faridi  |  

TMX Group Limited (TSX:X) announced that it has agreed to acquire Boston-based Wall Street Horizon, Inc. (WSH), a provider of global market-moving action and global corporate event data. Jay Rajarathinam, Chief Operating Officer, TMX Group, said: “TMX Group is committed to serving the evolving needs… Read More

November 8, 2022 @ 11:07 pm By Omar Faridi  |  

AstroPay, the online payment solution of “choice” for millions of users worldwide, is pleased to launch its new product in Brazil, a Mastercard prepaid card. This move will “provide both new and existing AstroPay customers with the ability to pay in any store that accepts… Read More

November 8, 2022 @ 10:05 pm By Omar Faridi  |  

Facctum, a Risktech firm specializing in cloud-delivered enterprise risk decisioning technology, recently announced the launch of FacctSet, a solution designed to streamline watchlist management for enhanced compliance outcomes. FacctSet is reportedly one of the first purpose-built products designed to address the various data management challenges… Read More

November 8, 2022 @ 4:25 pm By JD Alois  |  

The European Union has posted the “delegated regulation” regarding European Securities Crowdfunding Provider Regulation (ECSPR). The document supplements previous documents as the EU works towards all platforms operating under the new rules. In November 2020, the EU approved new regulation for investment crowdfunding allowing issuers… Read More

November 8, 2022 @ 2:07 pm By Omar Faridi  |  

5Mins AI, the gamified learning platform reinventing employee upskilling, has raised $5.7M in a seed round “led by AlbionVC. AlbionVC has been joined by Chalfen Ventures, Portfolio Ventures, Blue Lion Global and Edenred Capital Partners – the venture arm of the global employee benefits leader,… Read More

November 8, 2022 @ 1:53 pm By Omar Faridi  |  

The cyber risk landscape is “rapidly evolving,” with cyberattacks increasing in severity and sophistication. Hackers now “use triple extortion techniques and ransomware-as-a-service has lowered entry barriers for cybercriminals.” In addition, increased digitalization of critical infrastructure has made it “more vulnerable to cyber threats – with… Read More

November 8, 2022 @ 11:40 am By Omar Faridi  |  

Since its inception, SEON has been making effective online fraud prevention more accessible for “all businesses operating online.” Now, the company has “taken the next step in that mission by announcing a ‘forever free’ version of its online fraud prevention platform.” The free plan will… Read More

November 8, 2022 @ 11:26 am By JD Alois  |  

The dust-up between Binance and FTX has turned into a bit of a shit show. In the past days, Binance founder and CEO Chengpeng “CZ” Zhou – announced via Twitter it would be selling its FTT, the native token of FTX received from a past… Read More

November 8, 2022 @ 9:03 am By JD Alois  |  

Neobank Revolut has announced a new instant messaging feature for users in the UK, US and EEA. The chat feature is for account holders to communicate with other users while sending or requesting funds. According to Revolut,  the chat feature is designed to make it… Read More

November 8, 2022 @ 8:00 am By JD Alois  |  

Quona Capital has announced a new Fintech venture fund which has raised $332 million to “accelerate financial inclusion investments in emerging markets.” Quona Capital was established as an independent venture capital firm in 2015 by co-founding managing partners Monica Brand Engel, Jonathan Whittle, and Ganesh Rengaswamy. According to… Read More

November 8, 2022 @ 7:57 am By Omar Faridi  |  

One of Europe’s “fastest-growing” digital currency exchanges Coinmetro has closed an interim funding round of EUR 7million, “valuing the company at EUR 180million.” The “community-driven” exchange claims it has become “a go-to platform for jaded customers from some of the more established cryptocurrency platforms, with… Read More

November 8, 2022 @ 7:52 am By Omar Faridi  |  

Worldr, the “zero trust” architecture for the world’s collaboration and communications platforms, is announcing that it has “raised a total of $11 million in Seed funding.” The investment round was “led by Molten Ventures, with continued support from IQ Capital and Playfair Capital.” It also… Read More

November 8, 2022 @ 1:14 am By Omar Faridi  |  

Paysera has reportedly made an agreement with the global Fintech platform Airwallex. This agreement opens the gateway for Paysera’s customers to send funds to 149 different countries and open IBAN accounts of 9 countries. Bashkim Zeqiri, the Vice President of the Paysera Group, and the… Read More

November 7, 2022 @ 4:29 pm By JD Alois  |  

Global banking firm HSBC is having some issues with its online banking service as well as some credit cards, according to multiple reports and Tweets. The issues kicked up last week and appear to be ongoing today. As far as we know, the problems are… Read More

November 7, 2022 @ 3:11 pm By Omar Faridi  |  

impak Ratings, an impact analysis, and ratings Fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities. Exerica’s entire team will be “integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software.” This will “increase production capacity for… Read More