Global

September 18, 2022 @ 7:44 pm By Omar Faridi  |  

Ocean Protocol, the Web3 platform to unlock data services for AI and business innovation, has teamed up with Chainstep, Datarella, Fetch.ai, peaq and 51nodes “to develop the system architecture for European mobility with the preservation of data autonomy as its core principle, within the Gaia-X… Read More

September 18, 2022 @ 6:37 pm By Omar Faridi  |  

IDnow, a European identity proofing platform provider, is pleased to announce its participation in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator program. IDnow is working with IATA and its members, “providing expertise and regulatory know-how in the field of identity proofing and digital… Read More

September 18, 2022 @ 6:00 pm By JD Alois  |  

Ethis has won recognition as the Best Islamic Crowdfunding Platform – for the second time. The award was delivered at the Global Islamic Finance Awards (GIFA). Ethis Group is an Islamic investment and social finance platform with investment crowdfunding services approved by regulators in Indonesia,… Read More

September 18, 2022 @ 5:47 pm By Omar Faridi  |  

TS Imagine, a global platform focused on trading, portfolio, and risk management solutions for capital markets, announced that Varenne Capital, a Paris-based, process-driven, global investment manager, has selected TradeSmart OEMS, which is TS Imagine’s Order and Execution Management System, “to support its trading activities.” TradeSmart… Read More

September 18, 2022 @ 1:12 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that their platform now supports EthereumPoW (ETHW). As mentioned in an update posted on September 16 by Kraken, ETHW trading “is live and the ETHW token has been distributed to eligible clients.” A further announcement will be… Read More

September 18, 2022 @ 9:42 am By Omar Faridi  |  

After reaching the milestone of 20 million accounts opened, Brazil’s C6 Bank has introduced  an “exclusive” service aimed at the high-income segment. Called Carbon, the new service is free of charge and has a new proposal at the bank: the Carbon Partner, a specialized executive… Read More

September 17, 2022 @ 11:44 pm By Omar Faridi  |  

The European Central Bank (ECB) has selected CaixaBank and four other organizations to collaborate in the development “a prototype of a digital euro.” The institution launched a call with the aim of “selecting entities to develop technology projects associated with the creation of the European… Read More

September 17, 2022 @ 10:41 pm By Omar Faridi  |  

The Bank of Russia and market participants “launched the testing of the digital ruble platform and successfully completed the first digital ruble transfers between individuals.” The creation of a prototype of the digital ruble platform was “finished in December 2021.” Twelve banks announced their readiness… Read More

September 17, 2022 @ 5:17 pm By Omar Faridi  |  

FTX Europe announced that it has received approval from the Cyprus Securities and Exchange Commission (CySEC), to operate “as a Cyprus investment firm (CIF) allowing the Company to fully own the local investment firm it previously acquired.” Patrick Gruhn, Head of FTX Europe, commented: “After… Read More

September 17, 2022 @ 4:27 pm By Omar Faridi  |  

The UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding, according to an update from GlobalData. However, it has been “experiencing a subdued funding activity in the recent months with monthly VC… Read More

September 17, 2022 @ 3:04 pm By Omar Faridi  |  

Deeptech & Banking company Tintra PLC has been awarded a Fintech Services License to operate in the Qatar Financial Centre (QFC), which is described as “a watershed moment as the company expands its build-out worldwide.” Tintra is using artificial intelligence and Web3 technologies “to build… Read More

September 16, 2022 @ 9:33 pm By Omar Faridi  |  

Martin Sokk notes that being European, his co-founder Mihkel and him had a front row seat to “how difficult and expensive investing in global markets was.” Martin added that you “have the big banks and professional platforms — but then you’re faced with confusing interfaces… Read More

September 16, 2022 @ 9:18 pm By Omar Faridi  |  

BBVA New Gen, the investment product offered by the Group’s Swiss franchise, has completed its first year of existence. In a move to streamline the onboarding process, the bank now “lets prospective customers sign up online just by uploading a ‘selfie’, after which their identity… Read More

September 16, 2022 @ 4:20 pm By Omar Faridi  |  

Ratio, a new kind of fintech platform that combines payments, predictive pricing, financing, and a frictionless quote to cash process into one platform for SaaS and technology companies, emerged from stealth and “announced raising $11M in venture funding and a $400M credit facility for customer… Read More

September 16, 2022 @ 2:32 pm By Omar Faridi  |  

Arbonics, a climate tech start-up, is launching its “unique” data- and science-driven tool to make calculating the potential carbon income of land and forests quicker and easier for landowners in Europe “to help fight climate change.” Earlier this year, Arbonics raised €1.8M in a pre-seed… Read More

September 16, 2022 @ 8:12 am By Omar Faridi  |  

On 13 September 2022, the Central Bank of Ireland reprimanded and fined Danske Bank A/S, trading in Ireland as Danske Bank, €1,820,000 pursuant to its Administrative Sanctions Procedure “for three breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010, as amended (the… Read More

September 16, 2022 @ 7:33 am By Omar Faridi  |  

Berlin-headquartered compliance firm heyData announced the closing of a €3.3 million seed round. The investment round has been led by Ten VC along with contributions from existing investors Patrice Deckert, Stefan Tietze, and investors Martin Ostermayer and Dirk Freise and Picea Capital, among several others…. Read More

September 15, 2022 @ 8:42 pm By Omar Faridi  |  

For businesses operating in different jurisdictions, the cost and delays associated with FX and cross-border payments “remain a major pain point,” according to an update from Banking Circle. Banking Circle‘s study into SME attitudes to banking services “revealed that 42% of respondents thought their bank’s… Read More

September 15, 2022 @ 12:11 pm By JD Alois  |  

With a huge sigh of relief, Ethereum supporters have declared the success of the MERGE. Ethereum has moved away from Proof of Work (POW) to Proof of Stake (PoS), thus improving the entire ecosystem. While reducing electricity usage, improving speed, and boosting scalability, the Merge… Read More

September 15, 2022 @ 11:51 am By JD Alois  |  

As was reported this week, Do Kwon – the creator of TerraUSD and LUNA, has been subjected to a warrant for his arrest in South Korea. TerraUSD sought to be an algorithmic stablecoin tied to the US dollar but lost its dollar peg generating an… Read More