Global

May 16, 2022 @ 2:21 pm By Omar Faridi  |  

Trakx, an emerging Fintech firm offering “thematic” Crypto Tradable Indices (CTIs) via its registered Tier-1 trading platform, and LumRisk, a Swiss-based provider of risk consolidation, analysis and reporting services for institutional clients, recently announced an  alliance through which Trakx CTIs will reportedly “become the first… Read More

May 16, 2022 @ 1:16 pm By Omar Faridi  |  

Millions of Brits hold a driving license but don’t have “access to a car,” according to an update shared with CI. The “rigid” nature and upfront cost of annual car insurance combined with continuously rising costs of running a car “prompted” car insurance provider, Cuvva… Read More

May 16, 2022 @ 7:35 am By Omar Faridi  |  

Monoova, a B2B payments solutions provider, and TrueLayer, a key player in open banking, are teaming up to harness financial and identity insights using Australia’s Consumer Data Right (CDR) “for smarter, faster, data-enabled payments in the Australian market.” The benefits of the combination of CDR… Read More

May 16, 2022 @ 6:32 am By Omar Faridi  |  

$156 trillion will cross international borders in 2022, with cross-border transactions “worth up to 41% more than local ones.” Businesses have the need “to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights.” BridgerPay allows any business “to connect their… Read More

May 16, 2022 @ 6:21 am By Omar Faridi  |  

Axway, an API management provider, and Cloudentity, a provider of modern application identity and authorization, are pleased to provide the first production release to support FDX 5.0 APIs. Financial Data Exchange (FDX) is committed to unifying the financial sector around “a common data standard.” The… Read More

May 15, 2022 @ 7:53 pm By Omar Faridi  |  

Clear Junction has announced the introduction of an e-wallet solution that will “enable open banking providers to overcome some of the challenges they face when going to market.” Clear Junction has been working on a new and improved e-wallet solution that “adds value to open… Read More

May 15, 2022 @ 7:34 pm By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

May 15, 2022 @ 7:19 am By Omar Faridi  |  

DriveWealth, LLC, an international Fintech infrastructure firm that powers equity investing for Fintechs, has announced the appointment of Terry Angelos as Global Chief Executive Officer. This appointment will aim to “support DriveWealth’s continued growth, following a transformational year where the company realized a 100% growth… Read More

May 15, 2022 @ 3:45 am By Omar Faridi  |  

ID-Pal, the identity verification provider, recently revealed that it is entering the UK market after six years of steady growth across Ireland, the US and the European Union. This move has reportedly been planned due to increasing levels of identity fraud and the growing complexity… Read More

May 14, 2022 @ 11:42 pm By Omar Faridi  |  

Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More

May 14, 2022 @ 7:02 pm By Omar Faridi  |  

Westpac recently announced the opening of a new technology engineering hub on the Gold Coast, which will aim to create “up to 200 additional jobs in the state over the next few years.” The opening will “enable Westpac to expand its technology, engineering, and training… Read More

May 14, 2022 @ 11:26 am By Omar Faridi  |  

Digidoe, the UK-headquartered Fintech firm that aims to streamline the global payments infrastructure, has introduced a fast Banking as a Service (BaaS) solution which enables businesses to launch a new virtual bank within 72 hours. The secure Cloud-powered API and white-label service opens the door… Read More

May 14, 2022 @ 10:52 am By Omar Faridi  |  

Analysis from online pension provider, PensionBee reveals that many women could “lose out on as much as £225,000 in pension savings, should they retire at the same time as their male partner.” As men in heterosexual relationships tend to be the older partner, typically by… Read More

May 14, 2022 @ 10:47 am By Omar Faridi  |  

Wahed Inc., an international Islamic Fintech firm, has announced the appointment of former BlackRock lawyer, Shahan Jamil, “as Deputy General Counsel based in London.” In this role, Shahan will be “a key contributor to the company’s legal function led by Wahed’s Chief Legal Officer and… Read More

May 13, 2022 @ 6:02 pm By Omar Faridi  |  

Scila and Athens Exchange Group co-operates to offer a SaaS solution based on Scila Surveillance “for both Buy and Sell side members of the Athens exchange.” Piraeus Securities S.A. is reportedly “the first customer of the new service to go-live.” The Scila Surveillance software is… Read More

May 13, 2022 @ 3:44 pm By Omar Faridi  |  

TrustPay, a European provider of acquiring services and online payments solutions, has reportedly introduced Single Euro Payments Area (Sepa) instant payments – Euro transactions processed within a few seconds, regardless of time and day of the week it may be. The launch should  offer TrustPay’s… Read More

May 13, 2022 @ 11:45 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has posted another warning about digital assets or cryptoassets. The FCA points to “recent social media posts” promoting digital assets including NFTs. The FCA tells consumers to be ready to lose all of their money when participating in a… Read More

May 13, 2022 @ 11:36 am By JD Alois  |  

The European Banking Authority (EBA) has posted the “final technical standards” pertaining to European crowdfunding platforms. The release of the standards has long been anticipated and is affiliated with the European Union enacting pan-European securities crowdfunding rules. New regulatory standards were revealed in November of… Read More

May 13, 2022 @ 10:46 am By Omar Faridi  |  

Banco Santander is digitalizing its Core banking with Cloud tech in order to improve service and efficiency. The core banking platform is reportedly the most vital part of a bank’s IT infrastructure and is “where the main financial transactions, such as money transfers, deposits or… Read More

May 13, 2022 @ 10:23 am By JD Alois  |  

The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event. Inevitably there is a pile on of “I told you… Read More