Global

October 4, 2022 @ 10:58 am By JD Alois  |  

DBT, a Swedish online lender serving SMEs, has raised a SEK 3.1 billion (~$285 million) debt facility from UK-based NatWest and Värde Partners, according to a company statement. Värde Partners is a US-based investment firm and currently manages $2 billion of financial services debt and equity… Read More

October 4, 2022 @ 10:10 am By JD Alois  |  

  Exchange Traded Products (ETPs) based on crypto assets swooned by 11% during the month of August according to a report by Fineqia. While the decline should come as no surprise as many markets have been sinking due to many different reasons, this report applies… Read More

October 4, 2022 @ 9:18 am By JD Alois  |  

As part of Lugano, Switzerland’s Plan ₿, a joint initiative between the City of Lugano and Tether to accelerate the use of Bitcoin, the city now accepts Bitcoin and USDT at the communities merchants. The service is using GoCrypto to enable crypto payments. USDT is… Read More

October 4, 2022 @ 8:00 am By Omar Faridi  |  

  Finastra revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry “has made around open finance and collaboration, despite the challenging market conditions of the last few years.” The research takes in… Read More

October 4, 2022 @ 12:01 am By JD Alois  |  

Following a €400 million funding round this past July, Casavo will launch in France bringing a “unique guaranteed sale offer” to its platform. Casavo was founded in Italy in 2017 and has since expanded into Spain and Portugal. The Proptech has acquired Proprioo – a… Read More

October 3, 2022 @ 11:50 pm By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) recently announced a technology agreement with DBS Bank (SGX:D05). DBS will leverage Nasdaq’s technology as they seek “to advance its surveillance capabilities and continue to protect its clients from market abuse.” DBS Bank, a financial services group in Asia, will “leverage Nasdaq… Read More

October 3, 2022 @ 10:27 pm By Omar Faridi  |  

The team at NEO are pleased to announce the launch of NeoNS — which is described as  the first Neo name service provider on Neo N3. NeoNS reportedly offers “a more streamlined, efficient and functional experience within the Neo ecosystem and beyond.” You can visit NeoNS… Read More

October 3, 2022 @ 9:41 pm By Omar Faridi  |  

The government in Australia has noted that it would be issuing a formal response to a report advising banking institutions in the country of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. This, after… Read More

October 3, 2022 @ 2:29 pm By Omar Faridi  |  

The team at 83North recently revealed that they closed a $400 million fund, which brings their total capital under management to more than $2.2 billion. This is reportedly their 11th fund, “raised from the same small group of Limited Partners who have supported [them] for… Read More

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

October 3, 2022 @ 12:07 pm By Omar Faridi  |  

Pensions are invested in global stock and debt markets, and therefore “what happens around the world will also be felt in our pensions,” the team at UK’s PensionBee explains. PensionBee wrote in a blog post that September saw “the continuation of the domino effect created… Read More

October 3, 2022 @ 11:44 am By JD Alois  |  

Chetwood Financial, a UK based digital bank that garnered a banking license in 2018, has announced a partnership with Mumsnet, a parenting forum. According to a statement issued by Chetwood Financial, it plans to launch a new family-focused financial services proposition next year. In partnering… Read More

October 3, 2022 @ 11:31 am By JD Alois  |  

Property crowdfunding platform CrowdToLive has launched a securities crowdfunding offer on Seedrs. According to the offering page, CrowdToLive’s initial funding target of £400,000 has already been surpassed and is now in overfunding mode, having raised £467,000 from 100 investors. CrowdToLive is selling equity at a… Read More

October 3, 2022 @ 10:22 am By Omar Faridi  |  

Open Banking-enabled Fintech Currensea has reportedly acquired £2.4 million in capital from VCs Blackfinch Ventures and 1818 Venture Capital. The proceeds will be used to support the Fintech platform’s ongoing growth plans. Currensea, which is the “money-saving” travel card that aims to eliminate the hefty… Read More

October 3, 2022 @ 10:17 am By JD Alois  |  

Boutique investment bank Avolta is out with an interesting report that indicates that France is bucking the trend when it comes to the global drop in venture capital funding for tech. In fact, France is predicted to hit an all-time high in 2022 for VC… Read More

October 3, 2022 @ 8:06 am By Omar Faridi  |  

MEXC, a global digital asset trading platform, has entered into a partnership to support the launch of “a rollup solution that is secured by the Bitcoin network.” Rollux OPv1 is Syscoin’s first in “a series of planned rollup implementations secured by Bitcoin’s own PoW network.”… Read More

October 3, 2022 @ 1:00 am By Omar Faridi  |  

Honeycomb confirmed recently that all the share combination (previously announced) between Honeycomb and Pollen Street Capital Holdings Limited, as announced by Honeycomb on 15 February 2022 has “successfully completed.” Chairman Robert Sharpe said: “I am delighted to share that the Combination of Honeycomb and Pollen… Read More

October 2, 2022 @ 11:56 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden are launching Project Icebreaker, a joint exploration of how central bank digital currencies (CBDCs) can be “used for international retail and remittance payments.” Cross-border payments “continue to be plagued by… Read More

October 2, 2022 @ 5:46 pm By Omar Faridi  |  

NdcTech, a global IT and consulting company providing transformational services for Banks and financial institutions has announced a collaboration with Red Hat, which claims to be the leading provider of enterprise open source solutions, “to deliver solutions based on cloud-native, open-source technologies in support of… Read More

October 2, 2022 @ 5:33 pm By JD Alois  |  

In November of 2021, the European Union adopted new rules that allow securities crowdfunding platforms to raise capital across all member states. The move has been welcomed by the industry as it will remove national barriers enabling firms to raise up to €5 million across… Read More