Global

April 22, 2022 @ 5:23 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published an expected report on challenger banks and financial crime controls which states that some are falling short when it comes to diligence against malfeasance such as money laundering. The review, conducted during 2021, said that some challenger… Read More

April 22, 2022 @ 5:07 am By Omar Faridi  |  

Citi’s Treasury and Trade Solutions (TTS) have announced that they are entering into an agreement with international payment processor EBANX in order to offer an end-to-end digital collection solution (eCommerce) “for Citi’s institutional clients in Latin America.” Citi’s clients will be able “to accept more… Read More

April 21, 2022 @ 8:48 pm By Omar Faridi  |  

21Shares AG, a Swiss-based issuer of crypto Exchange Traded Products (ETPs), and the leading ETF provider, ETF Securities have “launched two funds that offer simple, cost-effective and direct access to cryptocurrency investments.” ETFS 21Shares Bitcoin ETF is “the first Australian ETF to invest directly in… Read More

April 21, 2022 @ 11:02 am By Omar Faridi  |  

  In the face of this “tsunami” of branch closures, plans are progressing on a pilot which will see high street “champions” and community branch innovators, Newcastle Building Society, team up with global player in cash automation, GLORY, and shared banking Fintech, OneBanks Hub, in… Read More

April 21, 2022 @ 9:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has received a forfeiture order for £2,000,000 regarding erstwhile Fintech QPay Europe Limited, a firm that at one point sought to be regulated by the FCA. The money was initially frozen in “urgent proceedings” initiated by the FCA in… Read More

April 21, 2022 @ 9:25 am By JD Alois  |  

European unicorn Qonto has easily topped its crowdfunding goal utilizing Crowdcube. Qonto is a Payment Institution regulated, approved and supervised by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR). Qonto, a company that has already raised €486 million in Series D funding, stated earlier… Read More

April 21, 2022 @ 8:27 am By Omar Faridi  |  

Qualco UK, which delivers panel management solutions and analytics that are focused on debt resolution, has reportedly gone live with new solutions leveraging Open Banking tech. Having teamed up with Ecospend and Themis Global, Qualco UK is providing account-to-account payment options, under a white label… Read More

April 21, 2022 @ 8:24 am By Omar Faridi  |  

European lender Bondora notes that if you are looking to invest while you’re on the move, then they have an app just for that. The investment platform is introducing the Go & Grow app by Bondora. With the app, users have all they need at… Read More

April 20, 2022 @ 11:19 pm By Omar Faridi  |  

MYPINPAD, which claims to be an international leader in mobile-based payments acceptance and digital authentication solutions, and SmartPesa, a provider of payments and agency banking solutions, have “agreed to merge.” The combined entity will “operate under the MYPINPAD brand.” Customers will benefit from greater scale,… Read More

April 20, 2022 @ 10:43 pm By JD Alois  |  

Treinta, a super-app that aims to provide SMEs with a range of services supporting these firms across the Latam region, has raised a large $46 million Series A funding. According to the company’s website, in Latin America there are more than 50 million microenterprises, of… Read More

April 20, 2022 @ 10:18 pm By Omar Faridi  |  

Juni, the financial companion for digital commerce entrepreneurs, recently announced it is embarking on its next phase of growth. Having doubled the number of clients and card spend every quarter for the past year, and expanded its professional team by 644% in 2021, Juni continues… Read More

April 20, 2022 @ 9:45 pm By Omar Faridi  |  

In the APAC region, regulatory authorities have reportedly been working on frameworks and guidelines in order take account of various products and services that are being launched due to ongoing Fintech innovation and the rise of emerging technologies. However, with the COVID crisis significantly accelerating… Read More

April 20, 2022 @ 4:39 pm By JD Alois  |  

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has moved once again to take action against Russian entities as part of the growing sanctions against the rogue nation and its unprovoked war against Ukraine. In the first action of its kind,… Read More

April 20, 2022 @ 4:16 pm By Omar Faridi  |  

Australia Treasury and the Monetary Authority of Singapore (MAS) recently signed the Australia-Singapore Fintech Bridge Agreement in order “to strengthen cooperation between the Fintech ecosystems of both countries.” The commencement of discussions to develop the Fintech Bridge was “announced in June 2021, when Australian Prime… Read More

April 20, 2022 @ 11:09 am By JD Alois  |  

ADDX, a full-service capital markets platform with Monetary Authority of Singapore (MAS) licenses for the issuance, custody, and secondary trading of digital securities, along with Singtel and UOB have priced Singapore’s largest foreign currency digital bond, to date. Digital bonds, or tokenised bonds, are issued… Read More

April 20, 2022 @ 10:49 am By JD Alois  |  

Artificial intelligence (AI) startup Futr has raised £2.1 million from Blackfinch Ventures, according to a statement from the company. Futr is a live chat and customer service chatbot that aims to disrupt customer service by leveraging AI. Futr has a mission of “delivering superpowers to… Read More

April 20, 2022 @ 10:29 am By Omar Faridi  |  

UniCredit, which claims to be one of the major pan-European banks, has renewed the partnership with Worldline [Euronext: WLN], an international “leader” in payment services, for the Open Banking Third Party Provider (TPP) service. The partnership with Worldline allows UniCredit customers “to connect their accounts… Read More

April 20, 2022 @ 8:31 am By Omar Faridi  |  

UK-based specialist lender Shawbrook Bank is reportedly using Open Banking tech from ClearScore in order to determine the creditworthiness of potential clients and offering a discount on loans for those who decide to share their data. Via ClearScore, Shawbrook aims to begin integrating Open Banking… Read More

April 20, 2022 @ 8:28 am By Omar Faridi  |  

Paysend, the UK-based fintech with over 6.5 million customers, recently announced that it has opened its Americas headquarters in Miami. As mentioned in an update shared with CI, the move embraces Miami’s reputation “as America’s new Fintech capital, with a growing community of venture capital… Read More

April 20, 2022 @ 8:17 am By Omar Faridi  |  

French Fintech Kard has introduced a range of virtual banking services that allows families to gain a better understanding of exactly where they spend their funds. These new features show Kard users the actual name of each brand, the corresponding logo or icon and the… Read More