Global

August 20, 2022 @ 7:39 pm By Omar Faridi  |  

Australia-based Fintech firm Cape revealed that it has appointed Prospa’s former Head of Growth, Ben Lyons, as their new chief revenue officer (CRO). At Prospa, a banking-solution focused Fintech company, Lyons had helped with establishing their partner distribution strategy and expanded the firm’s online and… Read More

August 20, 2022 @ 3:09 pm By Omar Faridi  |  

The property sector across the United Kingdom is set for a £3 billion “boost” as specialist bank GB Bank officially launches “after receiving its full UK banking license.” The banking license “allows Middlesbrough-headquartered GB Bank to start driving its ambitious plans forward.” It has committed… Read More

August 19, 2022 @ 10:17 pm By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and cryptocurrency solutions, announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, “the first bank in Latin America to utilize ODL.” Travelex is the first bank registered and “approved by the Central Bank of Brazil… Read More

August 19, 2022 @ 8:07 pm By Omar Faridi  |  

Arf, the global settlement banking platform for licensed money service businesses, announced that it has been “granted the approval of the Financial Services Standard Association (VQF) through Arf’s entity in Zug, Switzerland.” Arf’s VQF membership assures its compliance “with the Swiss Anti-Money Laundering and Countering… Read More

August 19, 2022 @ 11:26 am By Omar Faridi  |  

Lloyds Bank has completed the UK’s first transaction “utilizing a digital promissory note purchase.” This “landmark” transaction significantly “increases speed of payment and paves the way for a significant increase in the use of promissory notes for a broad range of transactions.” As noted in… Read More

August 19, 2022 @ 9:02 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning to Buy Now – Pay Later (BNPL) providers pertaining to misleading advertisements. A copy of the “Dear CEO” letter sent to BNPLs is viewable here. BNPL platforms offer point of sale credit to consumers which… Read More

August 19, 2022 @ 8:40 am By Omar Faridi  |  

Klarpay AG has completed another milestone “with the integration of Visa‘s B2B Connect product to its services.” This latest achievement “enables Klarpay’s business customers to perform cross-currency outbound payments from Klarpay accounts to 90+ countries and 70+ currencies via its Dashboard and APIs.” Swiss fintech… Read More

August 18, 2022 @ 10:24 pm By Omar Faridi  |  

Elavon Merchant Services, one of Europe’s largest payments processors, has appointed Hemlata Narasimhan as its president in Europe. Narasimhan joins at “a time of explosive growth for e-commerce and digital payments, and as hospitality and travel sectors gain strength after the pandemic.” She brings to… Read More

August 18, 2022 @ 9:17 pm By Omar Faridi  |  

Bank of New Zealand (BNZ) has introduced BNZ Pay, which is described as a mobile app for retailers that transforms an Android device into a contactless payment terminal. Created with assistance from Visa and Quest Payment Systems, BNZ Pay is being rolled out with no… Read More

August 18, 2022 @ 8:17 pm By Omar Faridi  |  

Shima Capital, a global venture firm that invests in early-stage blockchain companies across all market cycles, announced that it has launched its debut fund, Shima Capital Fund I and has “collectively raised $200 million.” The Fund received significant “support from notable investors including Dragonfly Capital,… Read More

August 18, 2022 @ 7:38 pm By Omar Faridi  |  

Currencycloud, a Fintech firm focused on simplifying business in a multi-currency environment, has partnered with Future FinTech Labs (FTFT Labs) in order to introduce the remittance app Tempo, which provides US-based immigrants a secure and cost-effective way to send funds. Tempo facilitates fund transfers to… Read More

August 18, 2022 @ 4:06 pm By JD Alois  |  

Valereum plc (AQSE: VLRM), a firm that is in the process of acquiring the Gibraltar Stock Exchange (GSX), has announced that it will sell its Bitcoin mining assets to Vinanz Ltd. in exchange for shares of the firm amount to around 24% ownership. The deal… Read More

August 18, 2022 @ 2:17 pm By JD Alois  |  

Vyne, an open banking service provider targeting payments, has announced a partnership with Wix (Nasdaq: WIX) – a website creation provider including for e-commerce sites. The partnership is said to give Wix’s UK based merchants access to Vyne’s open banking payments infrastructure, allowing direct payments… Read More

August 18, 2022 @ 11:52 am By Omar Faridi  |  

  We recently connected Mohammad Raafi Hossain, CEO & Co-Founder at Fasset, an international digital asset gateway. Fasset Technologies Limited recently partnered with Mastercard to expand financial services in Indonesia and create opportunities for underserved consumers The announcement follows Fasset’s $22 million Series A from… Read More

August 18, 2022 @ 11:03 am By JD Alois  |  

dWallet Labs has raised a $5 million seed round led by Digital Currency Group and Node Capital, according to a company statement. Other investors include; Amplify Partners, Lightshift Capital, Liquid2 Ventures, Collider Ventures, Lemnsicap, Heroic Ventures, Impatient Ventures, Zero Knowledge, Dispersion Capital, Token Bay Capital,… Read More

August 18, 2022 @ 10:48 am By Omar Faridi  |  

Revolut, the global financial super app with more than 20 million customers worldwide, has “rebranded its service for 6 – 17 year olds.” ‘Revolut <18’ is “an account for young people which is connected to their parent/guardian’s Revolut account, helping young people feel positive and… Read More

August 18, 2022 @ 8:07 am By JD Alois  |  

Wirex, a payments and crypto service, has added SEPA (Single Euro Payments Area) Instant and Faster Payments for UK and EEA customers to transfer British Pounds and Euros between their Wirex and bank accounts. Wirex has partnered with digital payment infrastructure provider, Modulr, to introduce… Read More

August 18, 2022 @ 7:56 am By Omar Faridi  |  

The Bank of London, which claims to be the first purpose-built global clearing, agency, and transaction bank, welcomed Economy Minister Gordon Lyons MLA “to mark the opening of its new Northern Ireland Headquarters, based in the landmark Soloist office at Lanyon Place in Belfast.” During… Read More

August 18, 2022 @ 7:52 am By Omar Faridi  |  

Crypto.com, which claims to be the “fastest-growing” cryptocurrency platform, announced that it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as “a crypto-asset business.” This registration will “enable Crypto.com to offer a suite of products and services to… Read More

August 17, 2022 @ 11:35 pm By Omar Faridi  |  

viafintech GmbH, part of the leading specialized payments platform, Paysafe (NYSE: PSFE), recently announced a partnership with Pecunpay “to launch a new cash deposit and withdrawal network in Spain.” Pecunpay, a brand from e-money institution Pecunia Cards EDE, “specializes in innovative e-payment and e-money processing… Read More