Global

June 9, 2022 @ 11:47 am By Omar Faridi  |  

Kroll, the provider of data, technology and insights related to risk, governance and growth, today released its 2022 Anti-Bribery and Corruption Benchmarking Report, which found that 70% of survey respondents in the U.S. and Canada “ranked their anti-bribery and corruption (ABC) programs as effective, with… Read More

June 9, 2022 @ 10:29 am By Omar Faridi  |  

Triterras Inc., a Fintech company focused on trade and trade finance, and Unqork, the no-code enterprise application platform, recently announced that they have entered a partnership “to further digitize global trade finance.” Unqork will be used “to enhance the end-to-end trading lifecycle of Triterras’ Kratos… Read More

June 9, 2022 @ 9:24 am By JD Alois  |  

Louis Taylor will take over the reins of the British Business Bank as its new CEO beginning on October 1, 2022. The Bank is the UK’s economic development bank. Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Before joining… Read More

June 9, 2022 @ 8:29 am By JD Alois  |  

EstateGuru, a securities crowdfunding platform based in Estonia but offering services across Europe, has joined the establishment Association of German Credit Platforms (Verband deutscher Kreditplattformen or VdK) as a full member.  While not the first Fintech to join the Association the news is reflective of… Read More

June 9, 2022 @ 8:09 am By JD Alois  |  

Raisin, a Fintech providing a savings marketplace across Europe and elsewhere, has surpassed €25 billion in assets under management (AUM). The Berlin-based financial services firm says its business model is booming during an economically uncertain time as many people have discovered the savings platform products… Read More

June 9, 2022 @ 8:00 am By Omar Faridi  |  

Ramp, the payments company making crypto accessible to everyone, has reportedly added Apple Pay as a payment option for its US clients in 36 states. As mentioned in the update shared with CI, the mobile payment option, “already available to consumers on Ramp in the… Read More

June 9, 2022 @ 7:54 am By Omar Faridi  |  

“Headless” e-commerce solution Instant Commerce has acquired €2 million in capital via a pre-seed round that was led by firstminute Capital. The founders of Storyblok, Wandera, Snyk and Supercell also contributed to the investment round. Instant Commerce will use the funding “to double the team,… Read More

June 9, 2022 @ 7:52 am By Omar Faridi  |  

Bloomberg has announced that Baader Bank AG, an investment bank in Germany, has adopted Bloomberg’s Rule Builder (RBLD), in order to automate its equities trading processes and streamline the performance of the company’s buy-side trading desk by leveraging key insights obtained from Bloomberg Transaction Cost… Read More

June 8, 2022 @ 11:06 pm By Omar Faridi  |  

Inflation is increasing in an unprecedented manner in many developed and developing economies, putting greater pressure on the major reserve banks to raise interest rates. In the United Kingdom, April inflation hit 9%, which is notably a 40-year high and the second highest inflation rate… Read More

June 8, 2022 @ 7:27 pm By Omar Faridi  |  

The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become “interoperable with one another.” Interoperability of said two systems “is based on the specifications of EMPSA (European Mobile Payments System Association).” TWINT and Bluecode interoperability has already “been running since… Read More

June 8, 2022 @ 11:27 am By Omar Faridi  |  

The non-fungible token (NFT) boom of 2021 not only brought “mainstream attention” to digital art investment, it also “catalyzed increased development of the crypto metaverse,” according to an update from Kraken. The Metaverse — a previously “esoteric” term first used in the 1992 science fiction… Read More

June 8, 2022 @ 11:17 am By JD Alois  |  

The Securities and Exchange Commission (SEC) is investigating the BNB token, issued by the world’s largest crypto exchange Binance. This is according to a report by Bloomberg and should come as no surprise to anyone as the SEC has long messaged their view that just… Read More

June 8, 2022 @ 10:44 am By Omar Faridi  |  

It’s been over ten years now since digital lending software provider Blend (NYSE:BLND) launched its business. Blend noted that it is almost hard to believe that “at that time the mortgage process was largely manual, time-consuming, and paper-based.” Blend also mentioned that they believed that… Read More

June 8, 2022 @ 10:08 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is looking to advise financial services firms with a new white paper that highlights the “risks of digital innovation.” The document is entitled “The Power of Technology Resilience: A Framework for the Industry,” and reviews the heightened risk… Read More

June 8, 2022 @ 9:25 am By Omar Faridi  |  

After carefully watching the number of new investors every month, Bondora is pleased to confirm that there are now over 200,000 investor accounts on their platform. Bondora notes that they are quite pleased that more and more people are choosing to invest with them. Their… Read More

June 8, 2022 @ 8:55 am By JD Alois  |  

ADDX, a Singapore-based digital asset exchange that is regulated by the Monetary Authority of Singapore (MAS), says it will now accept cryptocurrencies to onboard its customers describing the feature as signaling crypto as “an asset class for the mainstream.” ADDX accepts investors globally but requires… Read More

June 8, 2022 @ 8:32 am By JD Alois  |  

Currencycloud, a payments and transfer Fintech based in London, has received a license to operate in Australia granted by the Australian Securities and Investments Commission (ASIC). Currencycloud said it may now offer its “full suite” of services to Australian clients. This past January in advance… Read More

June 8, 2022 @ 8:18 am By JD Alois  |  

While most of the news was swirling around Apple’s (NASDAQ:AAPL) new buy now – pay later (BNPL) product that allows its users to pay in four equal payments over 6 weeks, digital bank Zopa has announced its spin on BNPL with a focus on big-ticket items. The… Read More

June 8, 2022 @ 8:17 am By Omar Faridi  |  

Invoice finance and embedded finance (think: buy now, pay later options at checkout) help companies with improving their cash flow. On top of this, they manage operational expenditure “to improve their business growth,” the MarketFinance team explains. Invoice finance has been a tool companies have… Read More

June 8, 2022 @ 7:21 am By Omar Faridi  |  

Mintos notes in its Mintos Insight update that for certain investment products, regulation happens from the get-go, but for others, they might “not fall into a regulatory framework straight away.” While sharing other key takeaways from the Mintos Insight report, the team noted that new… Read More