Global

August 28, 2022 @ 4:14 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that their crypto trading platform now supports Alpha Venture DAO (ALPHA), Bluzelle (BLZ), Boba Network (BOBA), Celer Network (CELR), Nodle (NODL), Polkastarter (POLS), Marlin (POND), TrueFi (TRU) and Chain (XCN). Funding is now live, and trading was… Read More

August 28, 2022 @ 9:26 am By Omar Faridi  |  

NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android “to bring the modern digital banking experience to the world of crypto.” NearPay Wallet is now “available on all platforms, including Web, iOS and Android. With NearPay… Read More

August 27, 2022 @ 6:31 pm By Omar Faridi  |  

Infront AS has reportedly entered into an agreement for the acquisition of Assetmax AG. The acquisition represents a key milestone for Infront as the firm focuses on enhancing its product offering for wealth management clients across European markets. The transaction is expected to be finalized… Read More

August 27, 2022 @ 4:23 pm By JD Alois  |  

OKX, a top crypto exchange with over 20 million customers, has issued a statement in advance of the upcoming Merge – when Ethereum will finally migrate from Proof of Work (PoW) to Proof of Stake (PoS). The announcement by OKX is to “ensure that users… Read More

August 27, 2022 @ 4:03 pm By Omar Faridi  |  

Ecobank Group has introduced the fifth edition of the Ecobank Fintech Challenge and encourages Fintech entrepreneurs to enter the competition. Fintechs that are “aligned with the Bank’s strategic objectives stand a chance to win an overall cash prize of US$50,000 for the top winner and… Read More

August 27, 2022 @ 3:24 pm By Omar Faridi  |  

Fenergo, which claims to be the leading provider of digital solutions for client lifecycle management (CLM), released its half year annual findings on global financial institution enforcement actions which “show the total value of penalties have fallen by a quarter (25%).” In the first half… Read More

August 27, 2022 @ 3:05 pm By Omar Faridi  |  

ViewTrade, the “force” that powers Fintech, has enhanced its customer onboarding service with three new modules designed “to help its clients onboard retail financial customers more efficiently and with greater security.” With the enhancements, clients can “activate any of the new modules and make them… Read More

August 27, 2022 @ 2:59 pm By Omar Faridi  |  

Gate.io Group has announced the launch of its over-the-counter trading platform Gate OTC, which will “provide fully-licensed OTC crypto trading services catered to institutions and high-net-worth individuals.” Services are “offered in various countries around the world, supporting several mainstream cryptocurrencies.” The launch of Gate OTC… Read More

August 26, 2022 @ 9:35 am By JD Alois  |  

Lendahand, a Netherlands-based, mission-driven securities crowdfunding platform, has been approved to offer investments across the EU under the European Crowdfunding Service Providers Regulation (ECSPR). Lendahand notes that it is the first Dutch platform to receive approval, and as far as we are aware, it is… Read More

August 26, 2022 @ 8:48 am By Omar Faridi  |  

Nationwide Building Society has improved the process for new and existing members opening a savings account by now “allowing them to fund the account straight away as part of the application process.” Previously members would have to wait a few days “until the account was… Read More

August 26, 2022 @ 8:43 am By Omar Faridi  |  

Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point “to support UK small businesses.” The funding will help small businesses “access credit at a time when the UK is anticipating a recession and facing historic inflation rates.” Launched in… Read More

August 26, 2022 @ 8:39 am By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced that it plans “to launch options on UK Carbon Emission Allowances (UKA Options) on October 10, 2022, subject to regulatory approval.” Gordon Bennett, Managing Director of Utility Markets at ICE,… Read More

August 25, 2022 @ 11:01 pm By Omar Faridi  |  

LianLian Global, a global cross-border payments service provider, and London-based lendtech Uncapped have announced a strategic partnership “to provide ecommerce entrepreneurs and online merchants in the US and UK with access to fast and flexible financing to grow their business through the LianLian Global platform.”… Read More

August 25, 2022 @ 10:43 pm By Omar Faridi  |  

Research released by specialized payments platform Paysafe (NYSE: PSFE) reveals how retailers “may be missing out by not accepting payments in crypto.” A significant 80% of crypto owners “want to pay for goods with their crypto balances but are held back by a lack of… Read More

August 25, 2022 @ 12:09 pm By Omar Faridi  |  

Lirium, a licensed provider of B2B2C digital asset access solutions, will begin powering digital currency access and settlement services for Mexican digital wallet Albit, reaching “more than 2 million customers.” Lirium already partners “with financial services companies in Argentina, Brazil, Peru, Colombia, Chile, Paraguay and… Read More

August 25, 2022 @ 11:40 am By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, has gained strong momentum “by doubling the number of banks taking part in its Standardized Approach for Counterparty Credit Risk (SA-CCR) runs since the beginning of 2022.” Capitolis has “maintained a frequent cadence of compression runs, helping this… Read More

August 25, 2022 @ 9:32 am By JD Alois  |  

The British Business Bank has announced a new ENABLE Funding facility to Propel, an independent asset finance provider. Propel was launched in 1996 to provide accessible finance to SMEs in the UK. Today, Propel has grown to become one of the UK’s largest independent finance… Read More

August 25, 2022 @ 9:13 am By JD Alois  |  

Young digital bank Zopa has surpassed £2 billion in deposits. The bank claims to be one of the fastest challenger banks to top this milestone. Zopa Bank is authorized and regulated by the Prudential Regulation Authority and by the Financial Conduct Authority. Zopa started its… Read More

August 25, 2022 @ 8:49 am By Omar Faridi  |  

UBS (SWX: UBSG) announced that it has invested in BigPanda, an artificial intelligence IT operations (AIOps) platform, “through UBS Next, the firm’s strategic venture and innovation unit.” As customers increasingly look for more digital services and business becomes more data driven, UBS is actively “engaging… Read More

August 25, 2022 @ 8:43 am By Omar Faridi  |  

Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More