Global

May 5, 2022 @ 10:43 pm By Omar Faridi  |  

Metro Bank is reportedly one of the signatory companies “pledging support for the National Literacy Trust’s Vision for Literacy Business Pledge.” Poor adult literacy skills mean that one in seven adults in England “have the reading skills of a nine to eleven year old.” Poor… Read More

May 5, 2022 @ 3:56 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is out with a report warning about the interconnected risks of the global financial industry. As if we didn’t need something else to cause concern, DTCC says the nature of these risks continues to evolve occurring with greater… Read More

May 5, 2022 @ 10:53 am By JD Alois  |  

COVID, war, inflation, rising interest rates … the global economy is being hammered from multiple directions right now. After years of calm sailing, a global pandemic marked a dramatic change in markets that have endured a growing list of geopolitical and economic challenges. Like all… Read More

May 5, 2022 @ 10:30 am By JD Alois  |  

Binance, the largest crypto exchange in the world, is now registered with the French Autorité des Marchés Financiers (AMF) as a digital asset service provider (DASP). According to the AMF, Binance France is registered to offer: Digital assets custody Purchase/sale of digital assets for legal… Read More

May 5, 2022 @ 10:14 am By JD Alois  |  

BPC will help Mexican company Up Sí Vale by providing end-to-end payment services, according to a statement by the company. Up Sí Vale is a prepaid card issuer serving over 4 million customers throughout Mexico.  Up Sí Vale offers a range of prepaid “all-in-one” services… Read More

May 5, 2022 @ 9:24 am By JD Alois  |  

Keewe, a French Fintech in the eco sector, has raised €1.25 million for its mission to support SMEs and carbon reduction. The capital infusion cam from “selected business angels,” including Guillaume Amblard, (also Ledger, Lendable) and former head of trading and quantitative research at BNP… Read More

May 5, 2022 @ 9:10 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More

May 5, 2022 @ 7:53 am By Omar Faridi  |  

Scalapay, a European Buy Now – Pay Later provider, has announced a $27 million investment from Poste Italiane, which is Italy’s largest service infrastructure network and claims to be one of the largest payment card issuers in Europe, in a Series B extension. Scalapay is… Read More

May 5, 2022 @ 7:52 am By Omar Faridi  |  

Citi (NYSE: C) has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, “further increasing the bank’s global Instant Payments offering.” The launch will provide clients with the ability “to pay to and receive from 36 SEPA countries instantly.” The offering… Read More

May 5, 2022 @ 7:50 am By Omar Faridi  |  

Deutsche Börse is reportedly expanding the market data offering on its Cloud-powered online analytics platform A7 in order to include historical market data from international derivatives marketplace CME Group. The two companies have reached a licensing agreement, which will allow market participants to test out… Read More

May 4, 2022 @ 10:35 am By JD Alois  |  

EstateGuru, a European investment platform providing access to short-term property-backed loans, has returned to Seedrs once again to raise additional growth capital. According to the offering page, EstateGuru has cruised past its €500,000 initial target, having raised almost €1.2 million as of this writing. EstateGuru… Read More

May 4, 2022 @ 10:08 am By JD Alois  |  

LGT Bank, based in Liechtenstein, has enlisted the assistance of SEBA Bank to provide digital asset trading and custody for Bitcoin and Ethereum. LGT stated in a release, that additional cryptocurrencies will be added going forward, contingent upon client demand. SEBA Bank, based in Switzerland,… Read More

May 4, 2022 @ 9:41 am By JD Alois  |  

Zilch, a UK-based buy now, pay later (BNPL) credit provider, has joined the US-based Financial Technology Association (FTA) in advance of an expansion into the US. According to a note from the FTA, the advocacy group now has 20 Fintechs as members from diverse sectors… Read More

May 4, 2022 @ 9:15 am By JD Alois  |  

Zopa’s “Smart Saver” savings account feature has topped £115 million in 65 days, according to a note from the Fintech. Currently, savers earn 1.455% interest (AER) on these accounts. Zopa’s goal is to create a £225 billion “zombie money” sitting idle in UK current accounts… Read More

May 4, 2022 @ 8:27 am By Omar Faridi  |  

Kevin., a Lithuania -headquartered account-to-account payments Fintech, has acquired $65 million via a Series A round that has been led by Accel. Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures, and a host of angels joined the company’s latest investment round, which has come only… Read More

May 4, 2022 @ 8:25 am By Omar Faridi  |  

Atom Bank is reportedly expanding Portal, which is their next-gen broker gateway- in order to include their Quick Quote tool. As noted in the update, this addition will enable brokers providing secured business loans to self-assess and create an indicative quote within the portal before… Read More

May 4, 2022 @ 8:22 am By Omar Faridi  |  

Leumi ABL, the Asset-Based Lending (ABL) subsidiary of Bank Leumi UK, has introduced a new operating platform on HPD Lendscape’s secured lending tech, in order to transform their invoice discounting and asset-based lending business in the United Kingdom. Lendscape was chosen to support the initiative,… Read More

May 4, 2022 @ 1:03 am By Omar Faridi  |  

Australia-based Hay Group is introducing Shaype in order to redefine what may be possible in financial innovation, Fintech and embedded financial experiences. Since introducing the Hay as a Service (HaaS) product offering back in 2020, the professional team and the platform’s capabilities have reportedly grown… Read More

May 3, 2022 @ 7:07 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) is at least one of the firms that called up the European Commission to complain about Apple (NASDAQ:AAPL) and its Apple Pay offering pushing the competition ministry to pursue possible anti-trust violations, according to a report in Bloomberg. This is not the first… Read More

May 3, 2022 @ 10:12 am By Omar Faridi  |  

Ukraine and Russia lead the list of countries “with higher crypto adoption rates, with 12.73% and nearly 12%, respectively,” according to an update from DappRadar. DeFi transactions in Q1 hit the lowest levels since February 2021, “while the 116 million NFT transactions across all blockchains… Read More