Global

July 26, 2022 @ 12:28 pm By JD Alois  |  

Monzo, a leading digital bank, has been ordered by the UK Competition and Markets Authority (CMA) to manage its departing customers better. According to a statement by the CMA, Monzo must review how it communicates with exiting customers regarding historic financial transactions. Apparently, Monzo informed… Read More

July 26, 2022 @ 12:13 pm By JD Alois  |  

GoCardless now offers Variable Recurring Payments (VRP). GoCardless states that its service will enable developers etc. to incorporate VRPs as the deadline for VRPs nears. GoCardless is a direct bank payment solution that facilitates both both recurring and one-off payments directly from customers’ bank accounts… Read More

July 26, 2022 @ 10:26 am By JD Alois  |  

Popular Open Banking service provider Plaid has announced a new service called Variable Recurring Payments (VRP). Plaid claims the offering can help UK businesses save more than £1.5 billion annually by slicing payment processing fees, according to a company statement. As the name explains, VRP… Read More

July 26, 2022 @ 10:12 am By JD Alois  |  

The Italian Ministry of Economy and Finance (Ministero dell’Economia e delle Finanze) has issued a statement denying a data breach at the Italian Revenue Agency (Agenzia delle Entrate). Astatement posted by the Ministry via Sogei states: “No hacker attacks on the Revenue Agency With regard… Read More

July 26, 2022 @ 8:37 am By Omar Faridi  |  

London-headquartered social and community-focused investing app Shares is looking to expand operations in European markets and also move into crypto after securing $40 million via a Series B round that was led by Valar Ventures. The investment round, which brings Shares’ total funding to $90… Read More

July 26, 2022 @ 7:55 am By Omar Faridi  |  

Investment platform Further recently announced a partnership with digital identity service provider Yoti, which should improve the customer onboarding experience, making it quicker and more seamless for clients to invest in their preferred funds. Under the Financial Conduct Authority (FCA) rules, Further must offer appropriate… Read More

July 26, 2022 @ 7:53 am By Omar Faridi  |  

Barcelona-headquartered community Fintech 11Onze has partnered with insurance firm Tuio, in order to provide a unique market proposal – 11Onze Segurs. It’s a technology-driven, agile, transparent, affordable home insurance service for members. The home insurance policy is around 15-20% cheaper when compared to the average… Read More

July 25, 2022 @ 11:29 pm By Omar Faridi  |  

In October 2021, Beam introduced “confidential” non-fungible tokens (NFTs) to the BeamX private DeFi ecosystem, kicking it off with the Beam Halloween NFT Competition. An NFT marketplace followed suit “in the form of the NFT Gallery DApp in Beam Wallet.” The launch was “strongly” supported… Read More

July 25, 2022 @ 6:59 pm By Omar Faridi  |  

Airwallex, which claims to be a leading global Fintech platform, announced the launch of its Airwallex Online Payments App on Shopify. The Airwallex Online Payments App is “a payment gateway plugin that merchants can integrate on their online store to accept payments from their global… Read More

July 25, 2022 @ 3:27 pm By Omar Faridi  |  

ShapeShift is pleased to announce the launch of “Alpha”, a new version of their open-source web app that “provides analytics and user input to the DAO so that we can continue to provide the best user experience.” This new version “utilizes Pendo and allows ShapeShift… Read More

July 25, 2022 @ 9:10 am By JD Alois  |  

Bitfinex, Tether, and Hypercore have joined to launch Holepunch, a platform described as enabling creators to build secure peer-to-peer apps. Holepunch is currently closed source and in alpha testing. The company anticipates moving to open source code in Q4 of 2022. Tether is a leading… Read More

July 25, 2022 @ 8:20 am By Omar Faridi  |  

The FBI recently issued a Public Service Announcement to “warn American citizens about a cryptocurrency scam using an investment strategy called Liquidity Mining in which scammers exploit owners of cryptocurrency, typically Tether (USDT) and/or Ethereum (ETH).” The scammer “builds a professional or personal relationship with… Read More

July 25, 2022 @ 8:18 am By Omar Faridi  |  

FNZ, the global wealth management platform, has acquired New Access, a specialized private banking technology firm “primarily active in the markets of Switzerland, Liechtenstein and Luxembourg.” These markets are key to “serving and administering client wealth globally and will support FNZ in delivering on its… Read More

July 24, 2022 @ 11:47 pm By JD Alois  |  

Recently, new European Crowdfunding Service Provider Regulation (ECSPR) compliance was extended for another year. Actionable as of November 2021, the move to harmonize European regulation was greated as an enormous leap for online capital formation. For the first time, platforms would be able to help… Read More

July 24, 2022 @ 10:41 pm By Omar Faridi  |  

Crypto.com, which claims to be one of the world’s “fastest -growing” cryptocurrency platforms, recently announced that it has received registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy as “a provider of virtual currency and digital wallet services.” This approval will… Read More

July 24, 2022 @ 10:00 pm By JD Alois  |  

Iconic Mexican food brand Trejo’s Tacos – is looking to leap from its Californian home base and cross the Atlantic to set up shop in the UK. As part of this expansion, Trejo’s Tacos is raising growth capital on Seedrs. According to the offering page,… Read More

July 24, 2022 @ 7:50 pm By Omar Faridi  |  

Vantage, the multi-asset trading platform for retail and professional traders, announced the launch of its social trading product, V Social. V Social is a professional ‘social network’ that “allows traders to auto-copy signals, execute trades, chat and analyze performance.” Beginner traders have the opportunity “to… Read More

July 24, 2022 @ 7:42 pm By Omar Faridi  |  

IQM Quantum Computers, which claims to be the European leader in building superconducting quantum computers, announced that it has raised €128 million ($128m) in Series A2 funding led by World Fund to “expand its international business and accelerate product development to tackle the world’s most… Read More

July 24, 2022 @ 6:47 pm By Omar Faridi  |  

Judith Hartley has been appointed CEO of British Business Investments, which is one of the British Business Bank’s commercial subsidiaries. Judith Hartley, who was appointed acting CEO of British Patient Capital and British Business Investments in September 2020, will “take up the permanent role of… Read More

July 24, 2022 @ 2:48 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to announce that their crypto trading platform now supports new margin pairs “for Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Polygon (MATIC), Chainlink (LINK), Dogecoin (DOGE), Solana (SOL) and Decentraland (MANA)!” Margin trading is now available for… Read More