Global

October 31, 2022 @ 8:48 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be the world’s leader in digital payments, announced plans to open a state-of-the art Innovation Center in Riyadh, Saudi Arabia “at the Future Investment Initiative.” The facility, that will be operational by the end of 2023, is “being built… Read More

October 31, 2022 @ 3:29 pm By JD Alois  |  

Valereum plc (AQSE: VLRM) has been approved to acquire the Gibraltar Stock Exchange (GSX). The consent was provided by the Gibraltar Financial Services Commission (GFSC). The deal was first revealed in the fall of 2021. The acquisition is expected to be completed in the first… Read More

October 31, 2022 @ 1:50 pm By Omar Faridi  |  

Sterling Trading Tech (STT), a provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced it has signed with Avenue Securities, a U.S. digital brokerage serving retail investors in Brazil, “to provide its suite of technology… Read More

October 31, 2022 @ 1:47 pm By Omar Faridi  |  

Jumio, the provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, unveiled its extended Jumio KYX Platform, with “an integrated orchestration hub benefiting from the company’s acquisition of 4Stop.” The platform “streamlines fraud and eKYC/AML compliance management with the intuitive one-stop orchestration hub,… Read More

October 31, 2022 @ 10:37 am By Omar Faridi  |  

Molo Finance has partnered with Brilliant Solutions, a distributor of mortgages that sits between mortgage brokers and lenders. This partnership “further underlines Molo’s ambitions to offer fully-digital mortgages on a larger scale and it will provide Brilliant Solutions’ membership of directly authorized (DA) brokers with… Read More

October 31, 2022 @ 9:07 am By Omar Faridi  |  

Collctiv, a group payment app that allows friends, families, businesses, charities, and community groups to collect money together, has launched operations in the US. Due to steady demand, an “eager” waiting list of users in the US who have previously watched on from afar, will… Read More

October 31, 2022 @ 8:37 am By Omar Faridi  |  

Banking Circle S.A. is set to help US payments providers expand out of the domestic market with low-cost and fast cross-border payments across 25 currencies. Underlining the momentum it has gained as an alternative to correspondent banking for cross-border payments, Banking Circle S.A. is “forecasting… Read More

October 31, 2022 @ 8:13 am By JD Alois  |  

Financial Conduct Authority (FCA) CEO Nikhil Rathi delivered a speech last week that reflected upon the ever-changing regulatory environment. Rathi re-affirmed the FCA’s mission of fostering competition stating, “we will continue to embed competitiveness throughout our regulatory approach,” while noting this will not come to… Read More

October 31, 2022 @ 7:51 am By Omar Faridi  |  

Adyen (AMS: ADYEN)  has broadened its offering by taking live two new embedded financial products – Capital and Accounts – which are now “available to platform and marketplace businesses in the US and Europe via Adyen’s single integration.” Adyen, the global financial technology platform of… Read More

October 31, 2022 @ 7:47 am By Omar Faridi  |  

Payer, the B2B technology company specializing in digital conversion, payments, and finance automation, with a mission to digitalize the B2B industry wherever payments play a central role, has announced that it will now facilitate American Express payments “across the Nordics in Denmark, Finland, Norway, and… Read More

October 30, 2022 @ 11:25 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced its partnership with Ashman Bank, a new entrant bank with plans “to transform the banking experience for UK property SMEs, a… Read More

October 30, 2022 @ 11:07 pm By Omar Faridi  |  

Embedded finance integrator AAZZUR and alternative asset manager Channel Capital have formed “an embedded lending partnership.” The multi-faceted partnership will “see AAZZUR supporting Channel’s digital SME lending strategy.” Channel has invested significantly in “developing proprietary systems using APIs, Open Banking and cloud-based technologies to provide… Read More

October 30, 2022 @ 10:49 pm By Omar Faridi  |  

ConsenSys, a blockchain technology company, announced the launch of MetaMask Grants DAO. This employee-led, fully-funded Decentralized Autonomous Organization (DAO) structure issues grants “to developers outside of ConsenSys, who are building impactful experiences within the MetaMask ecosystem.” It is “open to any meaningful project that adds… Read More

October 30, 2022 @ 8:40 pm By Omar Faridi  |  

Figure Technologies, Inc. and Hamilton Lane (NASDAQ: HLNE) are preparing to launch three new share classes of Hamilton Lane’s private markets-focused fund registered under the Investment Company Act of 1940 that “digitize the fund share ownership record on the Provenance Blockchain using Figure’s Digital Fund… Read More

October 30, 2022 @ 8:21 pm By JD Alois  |  

While Africa is frequently overlooked in regard to tech development, Fintech is one sector that has boomed in the continent. A recent report distributed by Mastercard highlights the growth of innovation in financial services in the region, calling it a “funding powerhouse.” The report notes… Read More

October 30, 2022 @ 4:04 pm By Omar Faridi  |  

As the financiers of two-thirds of the European economy, banks “bear an important responsibility to propose real solutions to mitigate climate change.” This partnership between Swedbank and eAgronom with regard to issuing sustainability-linked loans and leasing will have “a significant impact, as agriculture is one… Read More

October 30, 2022 @ 2:07 pm By Omar Faridi  |  

Aunalytics, a data management and analytics company delivering managed IT and data platform services for mid-sized and enterprise businesses, “highlighted top security priorities to follow when reinforcing defensive security strategies against malicious cyber threats.” The guidance is “provided as Cybersecurity Awareness Month comes to a… Read More

October 30, 2022 @ 12:50 pm By Omar Faridi  |  

BitOasis, the cryptocurrency platform for the Middle East & North Africa (MENA) and Mastercard (NYSE: MA), have partnered “to launch a series of crypto card programs in the region that will facilitate day to day usage of cryptocurrencies at points of sale and across ecommerce platforms.”… Read More

October 29, 2022 @ 3:13 pm By Omar Faridi  |  

Sumsub, a global tech company providing customizable KYC, KYB, KYT, and AML solutions, announced the launch of Workflow Builder, a feature enabling businesses “to create user verification workflows tailored to specific triggers and risk scenarios.” This new offering will “allow companies to automate onboarding decision-making… Read More

October 29, 2022 @ 2:58 pm By Omar Faridi  |  

Pi, a fraud risk management (FRM) platform founded by Paytm Labs designed to address high-volume applications for fintechs using machine learning (ML), has published a new report on “the impact of fraud on consumer confidence.” The research report, titled “Fraud vs. Friction: How the need… Read More