Global

October 14, 2022 @ 9:37 am By JD Alois  |  

  This past week, Coinbase (NASDAQ:COIN) revealed it had received regulatory approval to provide services in Singapore, the leading Fintech hub in Asia,  At the same time, it was announced that Coinbase founder and CEO Brian Armstrong is expected to participate at the annual Singapore… Read More

October 14, 2022 @ 9:13 am By Omar Faridi  |  

Data solutions provider, Sagacity Solutions Ltd., recently announced its acquisition of data marketing and insight agency, REaD Group Ltd. The acquisition will give clients “a one-stop-shop for clean, accurate and compliant data with … comprehensive insights.” Sagacity will “provide an intelligently informed customer lifecycle proposition… Read More

October 14, 2022 @ 8:57 am By Omar Faridi  |  

Tether, the issuer of the world’s largest stablecoin USDT by market cap, announced on October 13, 2022 that it has “eliminated commercial paper from its reserves, replacing these investments with U.S. Treasury Bills (T-Bills).” This announcement “comes as part of Tether’s ongoing efforts to increase… Read More

October 13, 2022 @ 6:22 pm By Omar Faridi  |  

The CosmWasm integration is the first of many other planned steps that ShareRing, a blockchain-enabled digital identity ecosystem, is taking in order “to move towards achieving the goal of providing frictionless access to goods and services.” This integration reportedly “results in smart contract functionality, greater… Read More

October 13, 2022 @ 2:23 pm By Omar Faridi  |  

Since Talenthouse completed the acquisition of Coolabi which covers several markets including UK, US and China, both businesses are working together “to deepen Talenthouse’s proposition within the Creator Economy space and diversify its offering amidst an unsteady market.” With market conditions looking to continue in… Read More

October 13, 2022 @ 12:29 pm By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that it is the first to market with a SaaS offering that enables banks “to manage financial crime mitigation (FCM) with composable banking services on a secure, continually evolving, self-service platform.” Temenos’ FCM-as-a-Service “delivers pre-built configurations aligned to global industry… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 13, 2022 @ 11:11 am By JD Alois  |  

Pillow, a Singapore-based crypto investment platform that currently reports serving 75,000 users in over 60 countries, has raised an $18 million Series A funding round. The capital injection was led by Accel, Quona Capital, Elevation Capital, and Jump Capital. Pillow notes that Elevation Capital was… Read More

October 13, 2022 @ 9:30 am By JD Alois  |  

Global economic reality is impacting everyone and everything. Sky-high inflation, interest rates rising, the war in Ukraine, and more, are hobbling economic activity. Fintech is not immune to this fact and a report distributed today by Finch Capital states that Fintech is entering a period… Read More

October 12, 2022 @ 10:47 pm By Omar Faridi  |  

Binance is pleased to announce the signing of a Memorandum of Understanding (MoU) between Binance and the Financial Monitoring Agency of the Republic of Kazakhstan. The agreement “expresses signatories’ mutual interest in the safe development of virtual asset markets in Kazakhstan and creation of a… Read More

October 12, 2022 @ 10:16 pm By Omar Faridi  |  

During times of unprecedented inflation in the Eurozone, bunq, which claims to be the second largest neobank in the EU, has observed a cross-country trend of younger European consumers being severely impacted by the ongoing cost-of-living crisis. The neobank’s clients in different European Union nations… Read More

October 12, 2022 @ 9:47 pm By Omar Faridi  |  

Clients may now deposit API3 and Harmony (ONE) on the Okcoin platform. Here’s what these projects are all about, according to an update from Okcoin. As noted in the update, you can now deposit API3 and ONE against USD on Okcoin. This offer is for… Read More

October 12, 2022 @ 9:27 pm By Omar Faridi  |  

The team at Bondora is pleased to announce that borrowers in the Netherlands can now access their online and convenient financial services. By expanding to more countries, Bondora claims it can “help empower more people to live the lives they want with less financial stress.”… Read More

October 12, 2022 @ 9:15 pm By Omar Faridi  |  

Customers and institutions in Ireland can now open a Gemini account in order “to deposit, trade, and custody around 100 cryptocurrencies.” Irish customers can “access the Gemini website or mobile app to securely buy cryptocurrencies with Euros (EUR) and Pound Sterling (GBP) with a debit… Read More

October 12, 2022 @ 9:01 pm By Omar Faridi  |  

Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, which claims to be one of the financial industry’s leading sources of AI-driven financial crime risk data and detection technology, announced “the general availability of their solution for fighting financial crime across… Read More

October 12, 2022 @ 4:49 pm By JD Alois  |  

QED Investors is one of the most prolific venture capital firms focusing on Fintech in the world. With more than one hundred portfolio companies and over a dozen exits, QED has touched almost all sectors of Fintech. Big Fintech names have received the backing of… Read More

October 12, 2022 @ 11:36 am By JD Alois  |  

SettleMint, a low-code platform for blockchain app development, has raised €16 Million in a Series A round led by Molten Ventures and OTB. Other investors include, Fujitsu Ventures, Allusion, and Bloccelerate and existing investor Medici Ventures. Settlement aims to remove the complexity currently intrinsic to… Read More

October 12, 2022 @ 8:13 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) is pleased to announce the signature of an agreement for the acquisition of Kantox, a Fintech for the automation of currency risk management. FT Partners advised Kantox on its sale to BNP Paribas. Kantox’s software solution has “managed to successfully re-bundle the… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 11:29 pm By Omar Faridi  |  

The OECD delivered a new global tax transparency framework “to provide for the reporting and exchange of information with respect to crypto-assets.” The Crypto-Asset Reporting Framework (CARF) “responds to a G20 request that the OECD develop a framework for the automatic exchange of information between… Read More