Global

November 25, 2022 @ 8:21 am By Omar Faridi  |  

The European Banking Authority (EBA) recently published its final Guidelines on the use of remote customer onboarding solutions. These Guidelines “set out the steps credit and financial institutions should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering… Read More

November 25, 2022 @ 8:19 am By Omar Faridi  |  

The team at October are pleased to announce that after months of work, the October Connect website is finally live. October’s Tech, Product, Marketing and Connect teams “have worked hard to deliver a totally restyled website.” The design “has been reviewed, each word was carefully… Read More

November 24, 2022 @ 1:28 pm By JD Alois  |  

Prominent Latin American crypto exchange Bitso has posted all funds are secure during a time when some are questioning the viability of certain crypto marketplaces and counterparty risk associated with the FTX bankruptcy. Bitso said in a statement that it was going beyond proof of… Read More

November 24, 2022 @ 10:24 am By Omar Faridi  |  

Síminn Pay, the “pioneering” fintech subsidiary of Iceland’s largest telco provider Síminn, has partnered with Enfuce, the European “leader” in providing turnkey card issuing, “to launch virtual credit cards tailored for Síminn Pay’s lifestyle app, enabling users to make seamless payments.” Founded in 2016, Síminn… Read More

November 24, 2022 @ 10:21 am By JD Alois  |  

Using credit cards is convenient but costly for merchants. So much so, they just raise their prices a bit for everyone. UK-based Fintech Atoa wants to challenge the dominance of Visa and Mastercard by cratering the cost of accepting payments by up to 70%, and… Read More

November 24, 2022 @ 9:38 am By Omar Faridi  |  

Banking and insurance software firm VERMEG together with Open Finance pioneer LUXHUB, are announcing a partnership “around the collection and processing of custodian data, available to insurance companies.” Custodix Hub, “through the combined tech expertise and industry knowledge of both partners, facilitates the flows and… Read More

November 24, 2022 @ 9:35 am By Omar Faridi  |  

Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More

November 24, 2022 @ 9:33 am By Omar Faridi  |  

The Bank of London, which claims to be the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Phil Knight as Group Chief Technology Officer (CTO) and Group Chief Information Security Officer (CISO). Phil will “oversee… Read More

November 23, 2022 @ 10:32 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in and will be leading the upcoming Series A round of NGRAVE, a blockchain and digital asset security provider “specialized in user-friendly, maximum security solutions for crypto users, from creating… Read More

November 23, 2022 @ 9:30 pm By Omar Faridi  |  

The team at Kraken notes that they’re pleased to announce that their crypto trading platform now supports staking for The Graph (GRT) holders, From the Earn section of your Kraken account or from your Pro mobile app, you’ll be “able to stake your GRT holdings… Read More

November 23, 2022 @ 9:07 pm By Omar Faridi  |  

Capchase, which claims to be the leading provider of non-dilutive capital to SaaS companies, recently shared its Pulse of SaaS report “to provide the most comprehensive view of SaaS startups’ performance following recent economic changes.” The Pulse of SaaS Report “found, when compared to the… Read More

November 23, 2022 @ 7:31 pm By Omar Faridi  |  

The international remittances company, Tempo France and the Spanish company Elsa Care Technologies (Elsa.care) have launched money transfers to the Philippines. Clients are now able “to send money through the Elsa.care’s app to the recipients’ bank accounts in this country.” The integrator of the technical… Read More

November 23, 2022 @ 4:22 pm By Omar Faridi  |  

Motive Partners, a specialist private equity firm focused on building, backing, and buying the technology companies that enable the financial economy, announces that it has entered into an agreement to acquire embedded/capital GmbH, a European venture capital platform “focused on supporting the next wave of… Read More

November 23, 2022 @ 3:15 pm By Omar Faridi  |  

A recent study by global fintech platform Airwallex revealed that small and medium-sized enterprise (SME) businesses in the U.S. “plan to expand in 2023.” While the pandemic and uncertain market conditions have impacted many businesses this year, a vast majority of SMEs (82%) still “plan… Read More

November 23, 2022 @ 12:57 pm By JD Alois  |  

Invesdor Group and Oneplanetcrowd have announced the merger of the two online investment platforms, contingent upon regulatory approval. Details of the transaction were not provided. Invesdor (Finland) is one of the larger European securities crowdfunding platforms. The company has an established presence in the Scandinavian… Read More

November 23, 2022 @ 10:32 am By JD Alois  |  

Warwick Business School held an event in recent days that discussed central bank digital currency (CBDCs), according to a note from the school. The Gillmore Centre Policy Forum heard Antoine Martin, a Senior VP of Research at the Federal Reserve Bank of New York, where… Read More

November 23, 2022 @ 9:52 am By JD Alois  |  

Senator Elizabeth Warren, a member of the Senate Banking Committee and a longtime crypto-skeptic, has published an Op-Ed on WSJ.com, slamming the crypto industry and warning that crypto is poised to destroy the economy. The opinion follows a series of prominent crypto platform failures topped… Read More

November 23, 2022 @ 9:37 am By Omar Faridi  |  

Coconut notes that starting a self-employed business is “easier than ever, but the finance tools available haven’t improved for decades.” New laws mean 4m+ UK taxpayers will “have to do 5x more tax returns.” Coconut’s accounting software is “helping accountants get their sole traders &… Read More

November 23, 2022 @ 9:03 am By JD Alois  |  

Wise (LON:WISE) has been integrated into the digital banking firm in Hong Kong ZA Bank. According to a note from ZA bank, the partnership between the two firms is the first bank in Hong Kong to provide money transfers with no exchange rate mark up…. Read More

November 23, 2022 @ 8:09 am By Omar Faridi  |  

Venture capital (VC) pre-money valuations remained robust through Q3 2022, as bearish macroeconomic outlooks spread across Europe,” the team at Pitchbook noted. Pitchbook also mentioned that “the drop off in public market capitalizations has not filtered into the VC ecosystem, with the valuations of VC-backed… Read More