Global

July 11, 2022 @ 5:29 pm By Omar Faridi  |  

  Business sentiment towards cryptocurrencies as a “theme” declined by 8% in Q2 2022 verses Q1 2022, according to the Company Filings Analytics Database by GlobalData. The data and analytics company notes that crypto’s sentiments “have been on the downtrend since Q4 2021.” As part… Read More

July 11, 2022 @ 1:51 pm By Omar Faridi  |  

Brite Payments is set to significantly enhance monthly paid subscriptions with the launch of its recurring payments service. The Stockholm-based company claims it is set “to improve consumer convenience for subscription-based online businesses with its innovative, customer-first payment technology, as well as providing significant advantages… Read More

July 11, 2022 @ 11:28 am By Omar Faridi  |  

Mastercard (NYSE: MA) has introduced WhereToStay.com – an online platform which, basing on data on average housing costs and average wages from Central Statistical Office (Główny Urząd Statystyczny), aggregated with spending trends of everyday purchases, from Mastercard, “determine the approximate cost of living in various… Read More

July 11, 2022 @ 9:42 am By JD Alois  |  

The Bank for International Settlements (BIS) has issued a report on the interoperability of central bank digital currencies or CBDCs. While few countries have issued a CBDC, just about all developed countries, and some developing ones, are investigating the possibility of migrating fiat to a… Read More

July 11, 2022 @ 9:17 am By Omar Faridi  |  

Fy!, which claims to be on a mission to help everyone “feel great” about their home – “disrupting” a £600 billion market along the way, has secured 103% (£2,899,068) of its £2,810,003 target from 688 investors via Seedrs, with 7 days left in the firm’s… Read More

July 11, 2022 @ 9:02 am By Omar Faridi  |  

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

July 11, 2022 @ 8:15 am By Omar Faridi  |  

Via Enfuce’s “turnkey” service, NBX can offer credit and debit cards “with loyalty-boosting crypto rewards.” NBX, which claims to be the “leading” Nordic crypto exchange, has selected Enfuce, one of Europe’s major Fintech companies, “as its card service provider.” The partnership allows NBX “to offer… Read More

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

The Financial Stability Board (FSB) published for public feedback a report on “the approach for monitoring progress toward meeting the targets for the G20 Roadmap for Enhancing Cross-border Payments.” The report provides preliminary recommendations “about key performance indicators (KPIs) that could be used to monitor… Read More

July 11, 2022 @ 1:27 am By JD Alois  |  

Tide, a Fintech providing banking services to small businesses, has issued a warning that the UK could be in store for a challenging business environment as one in five small business owners may not make it through the year. According to a survey of 1000… Read More

July 11, 2022 @ 12:49 am By Omar Faridi  |  

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to… Read More

July 10, 2022 @ 11:07 pm By Omar Faridi  |  

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

July 10, 2022 @ 2:07 pm By JD Alois  |  

“AgTech bank” Oxbury Bank has raised an additional £20 million bringing its total raised to £68 million. Investors include Frontier Agriculture and Hutchinsons Group as well as existing tech investors Hambro Perks and Grosvenor Food & AgTech. Launching in February 2021, Oxbury reports having completed… Read More

July 10, 2022 @ 11:50 am By JD Alois  |  

Venture capital funding continues its march downward after a stellar 2021 for risk capital. Obviously, this is due to a deteriorating global economy, Giga high inflation, and central banks needed to battle rising prices by making money more expensive. CB Insights shared recently that global… Read More

July 10, 2022 @ 11:47 am By JD Alois  |  

Superscript, a UK-based Insurtech has commenced operations in the Netherlands – its first country outside of its home country. According to a blog post, Superscript has been approved by Dutch regulators, the Authority for Financial Markets (AFM) and may now offer its services across Europe…. Read More

July 10, 2022 @ 10:05 am By Omar Faridi  |  

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced that it has completed a securitization deal with BNP Paribas and M&G Investments, “adding £165 million to its funding structure.” The deal is “an endorsement of Sonovate’s position as a Fintech… Read More

July 9, 2022 @ 5:39 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced that Revolut will use Stripe “to support payments in the UK and Europe and accelerate its expansion into new markets.” Founded in 2015, Revolut has rapidly “become one of Europe’s great fintech success stories.” After launching in… Read More

July 9, 2022 @ 3:08 pm By Omar Faridi  |  

Wyre, a crypto infrastructure provider, announced an integration with the global on/off-ramp service for digital wallets launched last month by MoneyGram, a key player in the evolution of digital P2P payments, on the Stellar network. This service was introduced with support from the Stellar Development… Read More

July 8, 2022 @ 11:10 pm By Omar Faridi  |  

Worldline [Euronext: WLN], which claims to be an international leader in payment services, is assisting its digital commerce customers with entering the fast-evolving Chinese markets. Over 1.38 million Chinese consumers currently order various items from other nations. As noted in the update, the key to… Read More

July 8, 2022 @ 10:01 pm By Omar Faridi  |  

International payments Fintech, Till Payments recently announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, in order to integrate Alipay into its Education product offering while exploring the potential integration of other virtual payment methods offered by… Read More

July 8, 2022 @ 6:40 pm By Omar Faridi  |  

To expand on the ongoing collaboration since 2016, AS DelfinGroup has incorporated Nordigen‘s Open Banking platform to add to their technological toolkit and “streamline their loan origination and credit assessment procedures.” Didzis Ādmīdiņš, Chairman of the Board of AS DelfinGroup, said: “We have chosen Nordigen… Read More