Global

February 23, 2022 @ 1:37 am By JD Alois  |  

Singapore-based Thunes is opening an office in Miami to expand into Latin American markets. Thunes is a payments Fintech that currently supports 79 currencies and 126 countries. Thunes also has established regional offices in London, Paris, Shanghai, New York, Dubai, and Nairobi. Thunes recently boosted its… Read More

February 23, 2022 @ 1:00 am By Omar Faridi  |  

Open Banking has been around for several years and it’s likely that it’s “here to stay,” according to an update from PensionBee. According to the online pension provider, this new tech has benefited over 4 million people in the United Kingdom and is set to… Read More

February 22, 2022 @ 9:17 pm By Omar Faridi  |  

Jack Wilson, Head of Public Policy at TrueLayer, notes that Open banking started back in 2018 thanks to appropriate regulations (PSD2) which gave consumers the right “to access their bank account data using third parties called account information services providers (AISPs).” However, these same set… Read More

February 22, 2022 @ 6:45 pm By Tony Zerucha  |  

Weavr, a UK-based company providing businesses with plug-and-play financial solutions, this week announced the close of a $40 million Series A funding round led by Tiger Global. Additional backers included Mubadala Capital, LocalGlobe’s growth stage Latitude Fund and past Weavr backers QED Investors, Anthemis and Seedcamp…. Read More

February 22, 2022 @ 3:30 pm By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) has appointed two people to serve as special administrators over Xpress Money Services after courts issued a special administrative order. David Hudson and Philip Reynolds of FRP Advisory have been appointed as joint special administrators. Xpress is an… Read More

February 22, 2022 @ 1:15 pm By JD Alois  |  

SoFi (NASDAQ:SOFI) has announced the acquisition of Technisys. In a release, SoFi said it has signed a merger agreement with Technisys, a digital banking platform. Technisys’ shareholders will receive approximately 84 million shares of SoFi common stock or less than 10% of SoFi’s fully diluted… Read More

February 22, 2022 @ 12:43 pm By Omar Faridi  |  

Bit2Me is joining forces with Axie Infinity. At Bit2Me, the first VASP approved to offer services in Spain, they have entered an agreement with Axie Infinity to be their “reference partners” in Spain, Portugal, and Latin America. In addition, they’ll be supporting events organized by… Read More

February 22, 2022 @ 11:29 am By Tony Zerucha  |  

TORA, a cloud-based technology provider that supports customers trading multiple asset classes across global markets has been purchased by the London Stock Exchange Group in a $325 million deal, it was announced this week. Following completion, TORA will be part of the exchange’s data and… Read More

February 22, 2022 @ 11:12 am By Omar Faridi  |  

Digital asset firm Kraken is pleased to confirm that they will be supporting the Songbird (SGB) token airdrop for XRP holders. The airdrop’s snapshot of XRP balances was reportedly “taken on December 12, 2020, at ~00:00 (UTC).” Customer accounts  (spot and margin) that held XRP… Read More

February 22, 2022 @ 9:59 am By Omar Faridi  |  

Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

February 22, 2022 @ 8:52 am By JD Alois  |  

Bitpanda, an Austrian digital asset exchange, has acquired Trustology, according to a statement by Bitpanda. The move aims to bring in-house custody services for digital assets. Bitpanda stated: “We’re thrilled to welcome Trustology to Team Bitpanda! As one of the fastest-growing Fintechs, international expansion and… Read More

February 22, 2022 @ 8:39 am By JD Alois  |  

Airwallex has been selected by Qantas Loyalty as the partner for its new financial services offering, Qantas Business Money, According to a statement by Airwallex, Qantas Business Money will be available in Q2 of the year to more than 350,000 small and medium-size businesses (SMEs)… Read More

February 22, 2022 @ 8:30 am By Tony Zerucha  |  

Securitize, the digital asset securities firm, today announced its acquisition of Pacific Stock Transfer.  With more than 1.2 million investor accounts and north of 3,000 private and publicly traded clients, Securitize said it is now one of the top 10 largest stock transfer agencies in… Read More

February 22, 2022 @ 8:17 am By Omar Faridi  |  

Peter Gaffney, the Head of Research from Security Token Advisors, notes that a security token investor is an “interesting blend” of what exists in the markets today. Gaffney pointed out that it is not necessarily someone “fully fixated” on decentralization or four-digit yields. But it’s… Read More

February 22, 2022 @ 8:09 am By Omar Faridi  |  

In line with industry regulation, online payments with the Zopa Credit Card are becoming a lot more secure, with the addition of “a new layer of security,” according to an update from UK’s digital bank Zopa. You may start noticing this change from 14 February… Read More

February 22, 2022 @ 8:05 am By Omar Faridi  |  

Blockchain.com, a block explorer service, crypto wallet provider, and digital asset trading platform, notes that if people think that the 2022 Winter Olympics had “thrilling” ups and downs, they should consider getting into crypto and blockchain. During the coming weeks, Blockchain.com says it will be… Read More

February 22, 2022 @ 2:20 am By Omar Faridi  |  

Swedish VC company Wellstreet has introduced a Fintech fund with an expected total of around $40 million. The funds will reportedly be directed towards early-stage B2B and infrastructure tech firms promoting greater overall efficiency in the international banking and Fintech sectors. Supported by experienced industry… Read More

February 22, 2022 @ 1:26 am By Omar Faridi  |  

To assist in streamlining their securities finance offering, FinClear, the wealth management infrastructure provider in Australia, has chosen Broadridge Financial Solutions, Inc. (NYSE:BR). As mentioned in a release, Broadridge’s Securities Finance and Collateral Management (SFCM) FastStart solution offers FinClear and its clients “with enhanced functionalities… Read More

February 22, 2022 @ 1:18 am By Omar Faridi  |  

UK Fintech Transact365 has introduced its payments platform in Latin America, a move the firm said makes it one of the LatAm area’s biggest alternative finance platforms. The move allows for cross-border and local digital commerce transactions using local payment methods such as PIX and… Read More

February 21, 2022 @ 7:12 pm By Omar Faridi  |  

Sydney-headquartered Fintech firm Lumi has acquired an additional $10 million in funding from existing investors Arbel Fund and Melbourne’s Perennial Partners in order to capitalize on the faster than anticipated growth in certain market segments. The SME lender has acquired a total of $30 million… Read More