Global

January 27, 2022 @ 8:54 am By JD Alois  |  

Facebook/Meta’s (NASDAQ:FB) digital currency venture Diem will be sold to Silvergate Capital for $200 million, according to WSJ.com. It was previously rumored that the failed cryptocurrency project was on the auction block as Meta threw in the towel on a project that once sought to… Read More

January 27, 2022 @ 8:35 am By Omar Faridi  |  

Tuum, the next-gen core banking platform, has announced a €15 million Series A round. Portage Ventures is leading Tuum’s investment round, along with contributions from existing investors Blackfin Capital Partners and Karma Ventures. As mentioned in the update, the proceeds should enable the core banking… Read More

January 27, 2022 @ 1:02 am By JD Alois  |  

  Created by IDF cyber-warfare veterans, Scribe Security has closed on a $7 million seed round led by Elron Ventures with the participation of Tal Ventures, YYM Ventures, and more. Based in Israel, Scribe Security is on a mission to provide a SaaS platform for… Read More

January 26, 2022 @ 6:52 pm By Omar Faridi  |  

Block (formerly Square) (NYSE: SQ), the firm specializing in software, payments, and hardware solutions for businesses of all sizes, has announced its arrival in Spain following a successful Early Access Program. Beginning on January 25, 2022, Spanish entrepreneurs, freelancers and business owners will be able… Read More

January 26, 2022 @ 3:42 pm By Omar Faridi  |  

Pagaya, a tech firm building AI infrastructure for the financial ecosystem, and Visa (NYSE: V), which facilitates over 160 billion payments transactions globally, have announced a strategic relationship that will “enable Visa’s expansive network of merchant partners and issuing co-brand financial institutions to leverage Pagaya’s… Read More

January 26, 2022 @ 11:52 am By JD Alois  |  

The International Monetary Fund (IMF) is telling El Salvador not to adopt Bitcoin as legal tender. In a statement by the IMF, the international agency noted that since September 2021, the Salvadoran government has adopted Bitcoin as legal tender. But the IMF believes the adoption… Read More

January 26, 2022 @ 11:42 am By JD Alois  |  

CoinShares (OTCQX: CNSRF) has announced the launch of physically-backed crypto exchange-traded products (ETP). CoinShares Physical Staked Tezos and CoinShares Physical Staked Polkadot will be listed on Germany’s main market Xetra. The new ETPs utilize CoinShares’ platform to provide exposure to proof-of-stake protocols and the rewards for… Read More

January 26, 2022 @ 11:29 am By JD Alois  |  

Luna PR, a digital asset-focused marketing firm, has announced the creation of Luna VC – a venture company launched to invest in early-stage crypto companies. Apparently, Luna VC has already invested in ten crypto firms claiming a 4000% return during the first quarter of its… Read More

January 26, 2022 @ 9:48 am By JD Alois  |  

Ownera has joined the Global Digital Finance (GDF) Patron Board. Global Digital Finance is a UK-based organization that aims to support the digital asset sector of Fintech. In a public statement, Global Digital Finance said it will work with Ownera to promote standards and best… Read More

January 26, 2022 @ 8:50 am By JD Alois  |  

Global X ETFs, a member of Mirae Asset Financial Group with more than $620 billion in assets under management, has announced the Global X Blockchain ETF (BKCH) on the London Stock Exchange and Deutsche Börse Xetra. BKCH is designed to provide investors with a portfolio… Read More

January 26, 2022 @ 8:41 am By Omar Faridi  |  

Finvault Exchange OÜ, the Fintech firm that’s licensed and regulated by the Estonian FIU as an authorized digital currency exchange, is transforming the way individual consumers and businesses save, invest, transfer and spend their funds and digital wealth. Finvault announced that it has opened up… Read More

January 26, 2022 @ 8:33 am By Omar Faridi  |  

American Express (NYSE: AXP) Chair and Chief Executive Stephen Squeri seems to have been proven right for his careful approach to introducing digital currency services via the payment company’s platform. In statements shared with Yahoo Finance, Squeri remarked: “What I’ve said from the beginning is… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 26, 2022 @ 2:36 am By Omar Faridi  |  

Around 500,000 new merchants across the MENA region will soon be able to take advantage of seamless and convenient virtual payment acceptance via Network International’s Tap on Phone tech, which enables smartphones to serve as payment terminals. The project represents a key milestone between Mastercard… Read More

January 26, 2022 @ 1:31 am By Omar Faridi  |  

BR-DGE, the payment orchestration provider, has announced “major” growth plans for 2022, following a “substantial” follow on investment from existing shareholders in Q3 2021. Led by Brian Coburn, BR-DGE’s platform aims to streamline online payments for merchants by providing a range of payment options through… Read More

January 25, 2022 @ 11:47 pm By Omar Faridi  |  

Baton Systems, the Fintech firm that’s focused on transforming post-trade processing by leveraging distributed ledger technology (DLT), has appointed David Ornstein to serve as the firm’s Chief Operating Officer. Ornstein joins the company at an important time, as industry demand continues to grow steadily for… Read More

January 25, 2022 @ 11:07 pm By Omar Faridi  |  

Elaine Chuah’s conversations with clients are reportedly changing. Increasingly, the first topic is no longer loan products or interest rates – it’s ESG (or environmental, social and governance) issues. “Our clients are initiating conversations on this topic,” says Chuah, a relationship manager with Westpac Institutional… Read More

January 25, 2022 @ 10:47 pm By JD Alois  |  

Inter, a Brazilian financial “super app,” has announced it has been approved to acquire USEND, a service offering transfers and payments, as well as non-financial services to more than 150,000 customers across 40 US states. USEND’s digital money transfer platform lets users make international transactions… Read More

January 25, 2022 @ 10:38 pm By Omar Faridi  |  

The team at HYPR reveals that they’re pleased to confirm that they’ve successfully completed SOC 2 Type 2 and ISO 27001 compliance and audit initiatives “along with obtaining ISO 27017 and ISO 27018 compliance certifications.” As noted by its management, HYPR allows customers to finally… Read More

January 25, 2022 @ 9:06 pm By Tony Zerucha  |  

Viva Wallet, a European cloud-based payments fintech company, is selling a 49 per cent stake to JPMorgan (NYSE:JPM). The financial terms of the transaction were not disclosed. Founded in 2000, Viva Wallet is headquartered in Athens, Greece, and focuses on serving SMBs in 23 countries…. Read More