Global

March 10, 2022 @ 8:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), the international firm focused on “mission-critical,” real-time payments software, has announced the launch of Fraud Scoring Services—which is a fraud scoring platform offering next-gen machine learning capabilities for financial institutions of all sizes “to deliver real-time fraud detection and prevention.” Underpinned… Read More

March 10, 2022 @ 8:35 pm By JD Alois  |  

The German Crowdfunding Association (Bundesverband Crowdfunding) has issued a statement criticizing new funding guidelines for venture capital grants recently enacted by the German Government. Under the INVEST Grant for venture capital in Germany, smaller investors receive a 25% tax benefit following the sale of the… Read More

March 10, 2022 @ 8:15 pm By Tony Zerucha  |  

Okcoin, a cryptocurrency platform, along with the Stacks Accelerator and Stacks Foundation, today announced the launch of the Bitcoin Odyssey, a year-long pledge among venture firms to deploy $165 million collectively into solutions for accelerating bitcoin adoption. The participating firms—which include Digital Currency Group, GSR,… Read More

March 10, 2022 @ 5:51 pm By Omar Faridi  |  

Finxact, a provider of the next-gen core banking platform to the US regional and super-regional banking sector, announced that its technology is available to financial institutions to run on Google Cloud. In the five years since its launch, Finxact has become a key player in… Read More

March 10, 2022 @ 3:45 pm By JD Alois  |  

Following the news that Goldman Sachs (NYSE:GS) was exiting operations in Russia, JPMorgan (NYSE:JPM) is reportedly doing the same. The move follows heavy economic sanctions targeting Russia by many countries around the world following Russia’s draconian invasion of Ukraine. JPMorgan Chase is the largest bank… Read More

March 10, 2022 @ 3:04 pm By Omar Faridi  |  

Tot, an Italian Fintech banking platform that streamlines administrative and financial management via all-digital tools for self-employed professionals and micro-businesses with up to 10 workers, confirms its market debut in March 2022. Tot mainly specializes in microenterprises, amid rising attention to this industry segment, because… Read More

March 10, 2022 @ 11:44 am By Omar Faridi  |  

Open Banking Fintech firm Bud has confirmed its Australian market debut after obtaining accreditation from the Australian Competition and Consumer Commission in order to offer a range of Open Banking services. The Fintech firm, named an international player in Open Banking intermediary services in Forrester’s… Read More

March 10, 2022 @ 11:08 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the most prominent investment bank in the world, will exit the Russian market due to the unprovoked war with Ukraine, according to multiple reports. Goldman Sachs has had a presence in Russia since 1998. On the bank’s Russia page it notes that… Read More

March 10, 2022 @ 10:42 am By JD Alois  |  

Estateguru, an online investment platform matching SMEs in need of capital with individual investors, will lunch a fund targeting institutional investors in a move that should significantly scale the firm’s operations. Importantly, the European Investment Fund (EIF) has committed to be an anchor investor in… Read More

March 10, 2022 @ 10:14 am By Omar Faridi  |  

In order to support victims of the unprovoked Russian invasion of Ukraine, digital asset firm Kraken is preparing an aid package distributing more than $10 million “directly to affected clients.” Beginning on March 10, 2022, and running until July 1, 2022, Kraken customers who created… Read More

March 10, 2022 @ 9:38 am By Omar Faridi  |  

Nexus Mutual will execute (what it claims to be) the “single largest” DAO treasury deposit on Bancor this week, joining other DAOs that have staked treasury funds on Bancor. The deposit of more than $2.2 million wNXM comes as an increasing number of DAOs and… Read More

March 10, 2022 @ 9:28 am By Tony Zerucha  |  

The National Bank of Ukraine has received the first tranche of $1 million raised by Solana enthusiasts from all over the world through a dedicated initiative. The initiative, dubbed Aid for Ukraine, is powered by Everstake, FTX, Solana Labs, the Metaplex Foundation and Ukraine’s Ministry for Digital Transformation via… Read More

March 10, 2022 @ 9:01 am By Omar Faridi  |  

HyperionDev, a company that teams up with top ranked universities such as the University of Edinburgh to deliver university certified coding bootcamps online & onsite, has raised 132% (£2,654,165) of its £2,000,000 target via Crowdcube (at the time of writing) from 600 investors with 11… Read More

March 10, 2022 @ 8:22 am By Tony Zerucha  |  

Hakkoda, a cloud data company, today announced it has launched a new multi-party analytics offering on Snowflake designed for financial services companies. The new solution will enable banks and lenders to unlock new customer insights with deeper analytics from their Snowflake Data Cloud. To lead the new… Read More

March 9, 2022 @ 8:36 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, announced that its U.S. customers may send funds “directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S.” Recipients will generally see… Read More

March 9, 2022 @ 5:01 pm By JD Alois  |  

Marqeta, Inc. (NASDAQ: MQ) has posted its Q4 earnings as well as full year 2021 numbers. According to a corporate release, Marqeta generated revenue of $155 million during the quarter while delivering a GAAP net loss of $37 million. The revenue was a 76% increase… Read More

March 9, 2022 @ 11:49 am By JD Alois  |  

Bank North, a forward-thinking bank serving UK SMEs, has added several new executives to its team. According to a note from the company, the bank has appointed a Head of Valuations, Head of Financial Reporting and Financial Control, Head of Underwriting, and acting Treasurer, along… Read More

March 9, 2022 @ 7:37 am By Omar Faridi  |  

Palamon Capital Partners, a pan-European growth investor, and Corsair, a private equity company targeting services, software, and payments investments in the financial services market, announced that funds managed by Blackstone Tactical Opportunities  have agreed to “make a £140 million strategic investment” in Currencies Direct, a… Read More

March 9, 2022 @ 7:25 am By JD Alois  |  

mmob, a UK-based embedded finance provider, has raised £5 million in seed funding, according to a statement by the company. Founded in 2020, mmob is led by founder and CEO, Irfan Khan. mmob reports that a group of angel investors, as well as HNW individuals… Read More

March 9, 2022 @ 7:16 am By Omar Faridi  |  

AngelList Venture has reportedly acquired $100 million in capital from Tiger Global and Accomplice. The round values the firm at $4B (pre-money). Just two weeks back, the company had finalized its massive round at this pre-money valuation, led by Tiger Global along with contributions from… Read More