Global

April 6, 2022 @ 8:39 am By Omar Faridi  |  

London Stock Exchange Group (LSEG) announced that it has agreed to acquire Global Data Consortium Inc (GDC), an international provider of “high-quality” identity verification data “to support clients with Know Your Customer (KYC) requirements.” Established back in 2012, GDC specializes in “delivering high-speed electronic digital… Read More

April 6, 2022 @ 8:11 am By Omar Faridi  |  

Alpian SA, an innovative digital private bank, has announced the granting by FINMA of a banking license and “a successful CHF19 million Series B+ closing, enabling Alpian to shortly launch to the public in Q3 2022, becoming Switzerland’s first digital private bank.” Alpian, majority-owned by… Read More

April 5, 2022 @ 11:57 pm By Omar Faridi  |  

Rewire, which claims to be the first digital financial services platform for migrant workers, has entered a partnership agreement with value SIM provider Lebara. The collaboration should give Rewire access to Lebara’s UK client base, the opportunity to fast-track its growth in the United Kingdom… Read More

April 5, 2022 @ 10:07 pm By JD Alois  |  

The UK government commenced a consultation on crypto-assets in early 2021. This past week, the UK government indicated its intent to acknowledge stablecoins as valid forms of payment while aiming to emerge as the world’s top crypto hub. This stands in stark contrast to the… Read More

April 5, 2022 @ 8:06 pm By Omar Faridi  |  

Edison Partners, a growth equity investing firm, has announced the closing of its 10th fund, Edison Partners X, “oversubscribed at $450 million.” Fund X is the firm’s third consecutive fund “dedicated to growth equity since 2015 and the largest in the firm’s 36-year history.” Edison… Read More

April 5, 2022 @ 11:07 am By Omar Faridi  |  

Qonto, a European business finance solution, announced that it will pursue a securities crowdfunding offering on investment marketplace Crowdcube. Qonto claims to be the first European unicorn to “launch a pan-European community equity raise campaign in partnership with the European platform Crowdcube.” The firm,  which… Read More

April 5, 2022 @ 10:02 am By Omar Faridi  |  

  The Open Banking Implementation Entity (OBIE) is pleased to confirm the publication of the Open Banking Standard, version 3.1.3 – including updates to the Read/Write API Specification and Customer Experience Guidelines (CEGs). This is “a minor update to version 3.1.2 which was released in… Read More

April 5, 2022 @ 9:51 am By JD Alois  |  

The UK Financial Conduct Authority has made several new hires according to a release. The appointments include a Fintech executive who steps into the Finance Director role. According to the FCA, Craig Chapman will join the regulator as Finance Director in May. Chapman is currently… Read More

April 5, 2022 @ 8:57 am By Omar Faridi  |  

The BBVA and Anthemis partnership led the first pre-seed funding for Wiserentr with an investment of €1 million. The Spanish startup raised “a total of €1.6 million in the funding round, in which Shard Capital also participated.” Its service “reinvents the way to access high-end… Read More

April 5, 2022 @ 8:46 am By JD Alois  |  

Crowdcube is accelerating in France. That is how the new French version of Crowdcube announces itself. Crowdcube is one of the largest securities crowdfunding platforms in the UK as well as Europe. Having long operated in Europe, recent rule changes will make it easier for… Read More

April 5, 2022 @ 7:59 am By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, has announced the completion of its acquisition of PriceRunner, the comparison shopping service in the Nordic region “with operations in Sweden, Denmark, Norway and the United Kingdom.” PriceRunner will aim to “bring new features to the… Read More

April 4, 2022 @ 11:47 pm By Omar Faridi  |  

Organizations need to prepare for a quantum advantage as technological breakthroughs “accelerate the timeline for quantum adoption,” according to an update from Capgemini. As noted in an update shared with CI, quantum technologies “promise exponential speed-up over today’s best supercomputers and will bring to market… Read More

April 4, 2022 @ 11:07 pm By Omar Faridi  |  

Syntropy, a Web3 connectivity firm, and Entain, which claims to be one of the largest sports betting and gaming companies, announced the successful implementation of Syntropy’s relay network with its “decentralized autonomous routing protocol (DARP), connecting the data centers across the globe.” Syntropy’s DARP technology… Read More

April 4, 2022 @ 10:27 pm By Omar Faridi  |  

Brightflag, the AI-enhanced legal operations platform, recently released several updates designed “to address the complex and varied budgeting requirements of corporate legal departments.” In combination with existing department-level budgeting and forecasting features, Brightflag’s versatile new matter-level controls “afford in-house legal professionals complete visibility and proactive… Read More

April 4, 2022 @ 10:17 pm By Omar Faridi  |  

PayMint, the Egypt-headquartered Fintech firm, has closed a seed funding round (of 7 figures) from AUR Fintech-which is a subsidiary of AUR Capital, in order to support PayMint’s business expansion plan in Fintech and SMEs’ financial inclusion in Egyptian markets. PayMint introduced its services back… Read More

April 4, 2022 @ 10:15 pm By Omar Faridi  |  

Although centralized crypto exchanges (CEXes) and decentralized crypto exchanges (DEXes) are often said to be in competition with each other, an executive from Huobi Ventures believes the opposite is true. During the annual Harvard Blockchain Conference held 27 March 2022, Huobi Ventures Investment Director HaiJing… Read More

April 4, 2022 @ 9:46 pm By JD Alois  |  

HM Treasury announced today that the UK government will acknowledge stablecoins as a form of valid payment. The government is expected to create legislation to bring stablecoins within the payments regulatory perimeter, creating conditions for stablecoins issuers and service providers to operate and invest in… Read More

April 4, 2022 @ 2:27 pm By Omar Faridi  |  

European Fintech bunq notes that you probably never met someone who “doesn’t like savings.” More savings, more money. It all sounds pretty good, the team at bunq writes in a blog post. It only gets “a bit more complicated when it comes to what you’re… Read More

April 4, 2022 @ 11:36 am By JD Alois  |  

Earlier this year, BitMEX announced its intent to acquire Bankhaus von der Heydt., a bank based in Munich, Germany. BXM Operations AG, founded by BitMEX CEO  Alexander Höptner and CFO Stephan Lutz, was expected to close on the acquisition of the bank at some point in 2022. Terms were not… Read More

April 4, 2022 @ 11:06 am By JD Alois  |  

Exabel and Gridwise are partnering to provide Gridwise Analytics for Investors. Exabel, a data and analytics platform for investment teams. Gridwise is said to be the largest and only “first-party ground-truth level dataset on how people and goods are moving across the gig mobility economy.”… Read More