Global

December 22, 2022 @ 2:54 pm By Omar Faridi  |  

Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over “a botched IT platform migration that left two million customers locked out of their accounts in 2018,” Chris Dinga, Payments Analyst at… Read More

December 22, 2022 @ 11:26 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to report… Read More

December 22, 2022 @ 8:45 am By Omar Faridi  |  

Group-IB, which claims to be one of the global cybersecurity leaders, has presented its findings about Godfather, an Android banking Trojan that is currently being utilized by cybercriminals “to attack users of leading banking and crypto exchange applications in 16 countries.” To date, Godfather has… Read More

December 22, 2022 @ 12:17 am By Omar Faridi  |  

Miguel Fernandez, CEO and co-founder of Capchase has looked to the challenging year ahead and commented on some simple measures startups can take to build resilience: Fernandez notes that we’ve all seen the headlines. That tech is “bracing itself for a challenging year.” From gaming… Read More

December 21, 2022 @ 11:57 pm By Omar Faridi  |  

Investment figures and origination numbers dipped “slightly” in November, according to an update from Bondora. Investors added just shy of €14M to their accounts, Bondora revealed. And a total of just over €14M was “originated in loans across all [their] active markets.” Although they decreased,… Read More

December 21, 2022 @ 10:37 pm By Omar Faridi  |  

Global tax software provider Sovos announced that it will be continuously monitoring changes to “provide ongoing updates and advice to help small- and medium-sized businesses navigate the complexities brought on by the combination of IRS rule changes, an increase in budget allocations for tax enforcement… Read More

December 21, 2022 @ 10:03 pm By Omar Faridi  |  

When it comes to payments, Latin America is “diving deeper into alternatives,” according to an update from EBANX. Beyond Borders 2022/2023, a recent study by EBANX, a Brazilian fintech that processes payments for global players in rising markets, “shows that alternative payment methods (APMs) have… Read More

December 21, 2022 @ 9:15 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), global financial technology platform for many of the world’s leading businesses, today announces that it has partnered with Aliyoop, the platform that enables gaming companies to engage and retain players for purchases across channels. The partnership will “help Aliyoop to offer smooth, global… Read More

December 21, 2022 @ 11:58 am By JD Alois  |  

SeedBlink, a co-investment platform, says it has raised €150 million in funding since its launch in 2019. In Bulgaria, its home market, SeedBlink reports having raised €2.69 million since launching domestically. SeedBlink claims more than 200 investment partners, including Bulgarian Eleven Ventures, LAUNCHub Ventures, Silverline… Read More

December 21, 2022 @ 10:51 am By Omar Faridi  |  

Splitit (ASX:SPT), which claims to be the “only” white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, and Worldline (Euronext: WLN), a global firm focused on payment services, announce “the signing of a partnership agreement with… Read More

December 21, 2022 @ 10:48 am By JD Alois  |  

This is a bit of a surprise. Paxful, a peer-to-peer platform for crypto, has decided to remove Ethereum, the second most popular crypto in the world, from its platform. In a Tweet, Paxful founder and CEO Ray Youssef said they were choosing integrity over revenue,… Read More

December 21, 2022 @ 10:12 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement on its objectives. As part of a three-year strategy, the financial regulator said it would focus on reducing and preventing harm, setting and testing higher standards while promoting competition. The FCA claims that its new… Read More

December 21, 2022 @ 8:57 am By Omar Faridi  |  

LHV UK announced that it will start issuing Small Medium Enterprise (SME) loans as the Financial Conduct Authority (FCA) approved the company’s Annex I financial institution registration, “a prerequisite to issuing loans in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of… Read More

December 21, 2022 @ 7:59 am By Omar Faridi  |  

When people left big cities during the COVID-19 pandemic, “sweetheart” deals (aka COVID deals) ran the residential rental market, according to an update from Insurtech firm Lemonde (NYSE:LMND). While a lot of renters negotiated some cheap deals, many now “fear they are at risk of… Read More

December 20, 2022 @ 11:56 pm By Omar Faridi  |  

A multi-country consortium of Europe’s most “trusted” identity experts, of which iProov is a key member, has been chosen “to deliver a cross-border payments pilot, in line with the aims of the European Commission’s EU digital identity wallet program.” In September 2022, it was announced… Read More

December 20, 2022 @ 11:47 pm By Omar Faridi  |  

London Stock Exchange Group plc (LSEG) announced that it has agreed to acquire Acadia, a provider of automated uncleared margin processing and integrated risk and optimization services for the global derivatives community. The acquisition furthers LSEG’s strategy “to enhance and grow its multi-asset Post Trade… Read More

December 20, 2022 @ 8:50 pm By Omar Faridi  |  

Nemesis Technologies, a venture capital fund that invests in deep technology, announced that it is on course to become the world’s “largest” digitally securitized fund, with significant nine-figure backing from Institutional Investors & Family Offices across Asia-Pacific, Europe, and the US. Set up throughout 2022,… Read More

December 20, 2022 @ 8:17 pm By Omar Faridi  |  

​BOKIS, a Danish payment and card company, and Nets, part of the Nexi Group, have entered into a new agreement that “runs until 31 December 2029.” BOKIS member banks will continue “to issue and process the Danish domestic card, Dankort, and international payment cards through… Read More

December 20, 2022 @ 6:38 pm By JD Alois  |  

The Hashgraph Association has announced the funding of its first round of projects for its innovation program. Based in Switzerland, the Hashgraph Foundation aims to accelerate the adoption of its distributed ledger technology.  Hashgraph states there are three cohorts of 12 projects each which will… Read More

December 20, 2022 @ 3:11 pm By JD Alois  |  

DealMaker, recognized as one of the fastest-growing private firms in Canada, has raised growth capital, according to a corporate statement. DealMaker, while based in Canada, offers services in the US as well as pursuing global markets. DealMaker is both a broker-dealer as well a tech… Read More