Global

March 28, 2022 @ 9:23 am By Omar Faridi  |  

It’s been a tough couple of years for the United Kingdom’s economy. Living costs are increasing, disruption continues as a result of the COVID-19 pandemic, and now there’s a war going on in Europe. So “all eyes were on Westminster” recently as the Chancellor, Rishi… Read More

March 28, 2022 @ 8:37 am By JD Alois  |  

FOLK2FOLK, an SME lender that matches investors with borrowers, is reporting a “record year” for its Innovative Finance ISA (IFISA) for the tax year 2021/22, sharing that the company received 44% more ISA funds than in the previous year. FOLK2FOLK states that it has seen… Read More

March 28, 2022 @ 1:03 am By Omar Faridi  |  

QOALA, a “free” browser extension and mobile app that “automatically rewards users while shopping online” with the aim to help digital commerce sites to improve their conversion rates, has acquired 78% (€391,365) of its €500,000 target via Crowdcube (at the time of writing) with 29… Read More

March 27, 2022 @ 8:14 pm By JD Alois  |  

Last week, Chancellor of the Exchequer Rishi Sunak delivered the Spring Statement outlining the challenges facing the economy and at least some of the government’s plans to alleviate some of the pain. A combination of COVID and then Russia’s unprovoked invasion of Ukraine has helped… Read More

March 27, 2022 @ 6:12 pm By Omar Faridi  |  

The team at Airwallex notes that as the global online sales continue to grow, “so do customer expectations.” Digital wallets such as Apple Pay are “becoming more popular, more secure — and without all the friction, more necessary for eCommerce success.” As noted in the… Read More

March 27, 2022 @ 5:59 pm By Omar Faridi  |  

The price of Ethereum Classic (ETC) surged 103% – compared to Bitcoin’s (BTC) increase of 13% – between March 13 and March 24, 2022, starting from $26 and “peaking at $48.50,” according to a report from Grayscale. The team at Grayscale noted in the report… Read More

March 27, 2022 @ 3:30 pm By Omar Faridi  |  

As the global crypto market keeps growing, stablecoins are playing “a more indispensable role, with TRC20-USDT becoming a mainstay.” On March 23, 2022, Tether’s (USDT) official data showed that “the supply of TRC20-USDT topped 40.7B, surpassing that of ERC20-USDT (39.8B).” This is another milestone for… Read More

March 27, 2022 @ 11:22 am By Omar Faridi  |  

Unstoppable Domains, the platform for “user-controlled” digital identity on Web3 with 2 million registered NFT domains, recently announced two key hires to lead the firm’s global expansion efforts in Europe and Asia. Sajjad Rehman joins Unstoppable Domains as its new Head of Europe, “leaving his… Read More

March 27, 2022 @ 10:22 am By Omar Faridi  |  

UK house prices continue to “advance unrestrained,” and on average are “up £29,000” over the last year, according to an update shared by Blend Network, a specialist development finance lender. The Nationwide House Price Index increased by 12.6% YoY in February 2022, which is an… Read More

March 26, 2022 @ 9:30 pm By Omar Faridi  |  

Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing, marking a key milestone for entrepreneurship in the region. Supported by well-known investors… Read More

March 26, 2022 @ 8:28 pm By Omar Faridi  |  

Nium, the modern platform for international money movement, recently announced the appointment of Dylan Lowrey, to General Counsel. Lowrey joined Nium last year as Head of Regulatory Affairs and Product Law and has “helped the company launch new services in complex emerging markets, while expanding… Read More

March 26, 2022 @ 3:22 pm By Omar Faridi  |  

Classiq, which offers (what it claims to be) the leading platform for creating quantum software, recently announced a collaboration with NVIDIA (NASDAQ:NVDA) in order to bring large-scale quantum circuits to customers. Now, businesses and other organizations can “prepare for and explore the benefits of larger… Read More

March 26, 2022 @ 12:04 pm By Omar Faridi  |  

Huobi Research Institute, the blockchain research organization, has released its latest report, titled “Unveiling the Mysterious Bored Ape Yacht Club”. The report from Huobi analyzes the rise of the “infamous” Bored Ape Yacht Club NFT collection, and explains Yuga Labs’ ambitions “to branch into Gamefi… Read More

March 25, 2022 @ 6:41 pm By Omar Faridi  |  

Australian expense management Fintech Cape has acquired $33.1 million in capital from Aura Ventures, Investible, Scalare Partners, Mercury Capital and various business angels. Cape intends to offer a centralized node for handling internal expense controls, eliminating duplicate and unnecessary expenses, in order to assist firms… Read More

March 25, 2022 @ 3:49 pm By JD Alois  |  

Neobank Revolut has hired two new executives for its US operations as it continues to pursue the highly fragmented market. According to a release, Revolut has hired Yuval Rechter as General Manager and Danil Ovechkin as Head of Growth. Revolut states that as US General Manager,… Read More

March 25, 2022 @ 3:32 pm By Omar Faridi  |  

Spanish Fintech platform SeeDCash has chosen Nordigen for an enhanced financial data import process. SeeDCash is described as an intuitive and advanced analytical system for managing and predicting companies’ liquidity and finances. The application reportedly includes custom payment and transaction categories, automated daily treasury processes,… Read More

March 25, 2022 @ 12:14 pm By Omar Faridi  |  

On 22 March 2022, the Central Bank of Ireland  “reprimanded” and fined BNY Mellon Fund Services (Ireland) DAC €10,780,000 pursuant to its Administrative Sanctions Procedure (the ASP) for 16 regulatory breaches “relating to the outsourcing of fund administration activities.” The 16 breaches “arose because of… Read More

March 25, 2022 @ 11:37 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has appointed Dagmara Aldridge as its first Chief People and Culture Officer as it “seeks to reflect Future of Work trends and the latest neuroscience teachings.” With 15 years’ leadership and coaching experience, Dagmara, who was previously… Read More

March 25, 2022 @ 11:34 am By JD Alois  |  

The Bank of England has enlisted the Massachusetts Institute of Technology (MIT) to engage in a project to review the potential of a digital pound or central bank digital currency (CBDC). The collaboration between the Bank and the MIT Media Lab’s Digital Currency Initiative (DCI)… Read More

March 25, 2022 @ 11:03 am By Omar Faridi  |  

RTGS.global, which is focused on developing a Financial Market Infrastructure (FMI) for the digital world in order to address issues with cross-border settlements, recently confirmed that it has joined Temenos Exchange, which is the open marketplace for Fintech solutions. Temenos banking clients will now get… Read More