Global

October 18, 2022 @ 1:36 am By Omar Faridi  |  

Investment in the regulatory compliance consultancy marks Copper Street Capital’s fifth investment, as the private equity investor “widens its portfolio across lower mid-market European financial services.” Thistle Initiatives Group will use Copper Street investment “to double in size over the next three years through organic… Read More

October 18, 2022 @ 12:29 am By Omar Faridi  |  

Ant Group announced that Alipay+ has expanded its enablement of seamless travel experiences to Japan, where over 1 million local merchants are now “connected to global cross-border digital payments and marketing capabilities to better serve consumers across the world.” Universal Studios Japan is the latest… Read More

October 17, 2022 @ 11:27 pm By Omar Faridi  |  

Developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with global custody insurers, the facility is supported by Lloyd’s syndicates, together with “highly rated” insurance companies. This provides Lockton clients with policy wording and full access to London market capacity, estimated today “to be… Read More

October 17, 2022 @ 11:17 pm By Omar Faridi  |  

Gritti, the web3 social fitness app building healthier habits through engaged communities and applied game design, is pleased to announce “the closing of $1.7M in seed funding.” Lingfeng Innovation Fund led the investment round along with “thesis-driven” web3 natives Youbi Capital, Bixin Ventures, Orderly Network,… Read More

October 17, 2022 @ 10:57 pm By Omar Faridi  |  

Financial institutions are spending millions of dollars every year inefficiently onboarding and maintaining clients, according to research from Fenergo, the provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions. A global study of over 1,000 C-level executives across… Read More

October 17, 2022 @ 7:33 pm By Omar Faridi  |  

  CoinShares, which claims to be one of Europe’s largest and longest-standing full-service digital asset investment and trading groups, recently announced the launch of CoinSharesNFTAI (@CoinsharesNFTAI), a Twitter bot that “utilizes proprietary algorithms developed by CoinShares researchers to estimate the current fair market price for… Read More

October 17, 2022 @ 6:18 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has placed an interim stop order blocking Holon Investments Australia Limited from offering or distributing three funds to retail investors due to “non-compliant target market determinations (TMDs).” The order is for 21 days unless it is revoked. ASIC expects… Read More

October 17, 2022 @ 4:58 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is expanding its commitment to small and medium enterprises (SMEs) with a new program in its global startup engagement program, Start Path, “specifically tailored to companies supporting the digital needs of SMEs.” The startups that will be selected for the Start Path… Read More

October 17, 2022 @ 3:18 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, announces that it is “launching its unified commerce solution in Mexico.” Bolstered by the company’s recently enabled full acquiring capabilities in the country, Adyen can now “maintain end-to-end control of the payment… Read More

October 17, 2022 @ 2:21 pm By Omar Faridi  |  

BIAN, the “independent” not-for-profit association, recently announced its Open-Source Specification tool. Through its Open-Source offering, organizations now “have access to a set of message definitions made freely available for modification and redistribution.” The tool has been “developed to further BIAN’s CORELESS BANKING INITIATIVE, which aims… Read More

October 17, 2022 @ 12:32 pm By JD Alois  |  

Assurely, a unique Insurtech company that provides services around securities crowdfunding offerings, has partnered with DealMaker to provide coverage via the platform. DealMaker has emerged as a top securities crowdfunding accelerator and broker-dealer powering online capital formation. According to a company statement, Assurely will be… Read More

October 17, 2022 @ 12:19 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that the purchase of airline tickets has always been one of the main destinations given to the points accumulated by customers registered in bank and credit card loyalty programs. But other ways of using these miles are “starting to become popular.”… Read More

October 17, 2022 @ 9:50 am By JD Alois  |  

Giesecke+Devrient (G+D) has had its tokenizer solution recognized by the Juniper Future Digital Awards. According to a note from the company, its “eCom Tokenizer” has been anointed the winner of the “Fraud and Security Innovation: Payment Tokenization Solution.” The eCOM Tokenizer by G+D and Netcetera… Read More

October 17, 2022 @ 9:35 am By Omar Faridi  |  

Compass, the Mediobanca Group’s consumer credit arm, has reportedly “completed two deals in the Buy Now Pay Later (BNPL) segment.” The rationale for the deals is “to accelerate the bank’s growth in the deferred payment business using digital channels, which it has entered successfully with… Read More

October 17, 2022 @ 8:36 am By Omar Faridi  |  

Prime property finance firm CapitalRise has reached £200 million in prime property loan origination, funding developments across London and the home counties to the value of over £640 million. As noted in a blog post, CapitalRise originated £99 million of these loans in a 12-month… Read More

October 17, 2022 @ 7:57 am By Omar Faridi  |  

Molo Finance are pleased to announce the expansion of their buy to let product range. Relaunching back into the market, Molo will be adding the following products to their buy-to-let portfolio: Fixed rate mortgages: starting from 6.69% on 65% LTV for individual buyers and 6.99%… Read More

October 16, 2022 @ 11:35 pm By JD Alois  |  

There has been much discussion as to the benefits of Central Bank Digital Currencies (CBDCs). Many developed countries are researching the pros and cons, and China has been testing with consumers a digital yuan for some time now. The flip side to a CBDC is… Read More

October 16, 2022 @ 7:17 pm By Omar Faridi  |  

ZEBEDEE, a Fintech and next-generation payment processor for the gaming industry, announced a new initiative that “contributes open source code and products to the Bitcoin Lightning space.” The new not-for-profit and completely open source initiative “has already resulted in several products and code repositories that… Read More

October 16, 2022 @ 6:14 pm By Omar Faridi  |  

OKX, which claims to be the world’s “second largest” cryptocurrency exchange (presumably after Binance), announced that it is partnering with Pyth network, a next-generation Oracle solution built on the Solana blockchain and designed “to provide trusted and verifiable market data to decentralized applications.” Pyth operates… Read More

October 15, 2022 @ 7:43 pm By Omar Faridi  |  

BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, announced a partnership with BitPay, which claims to be the largest provider of Bitcoin and cryptocurrency payment services. This product partnership will “give businesses the ability to accept and get paid… Read More