Global

December 27, 2021 @ 10:14 am By Omar Faridi  |  

Gazeal, which aims to transform the way property is bought/sold with “upfront information and binding Reservation Agreements,” has raised 164% (£591,249) of its £360,004 target from 217 investors (at the time of writing) via Seedrs. Based in London, United Kingdom, Gazeal operates in Property / Digital… Read More

December 27, 2021 @ 3:51 am By Omar Faridi  |  

European open banking platform Tink has finalized the acquisition of German open banking infrastructure provider, FinTecSystems, following regulatory clearance. FinTecSystems will now become part of Tink, according to a release. After the acquisition, the combination of Tink’s pan-European open banking platform and FinTecSystems’ product suite… Read More

December 27, 2021 @ 2:13 am By Omar Faridi  |  

Software AG (Frankfurt MDAX®: SOW) has announced that it has entered into a partnership with Silver Lake, a company focused on technology investing, “anchored by a Silver Lake investment of €344 million in Software AG.” Following several years of transformation and with the benefit of… Read More

December 27, 2021 @ 1:34 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a global supporter of evolution of digital P2P payments, shared the results of a consumer survey that offers insights into cross-border money transfer flows going into 2022. Results reveal that as the requirements of family and friends abroad continue to… Read More

December 26, 2021 @ 11:19 pm By Omar Faridi  |  

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, welcomes the fact the UK’s Financial Conduct Authority (FCA) has “recognized current levels of Financial Services Compensation Scheme (FSCS) funding are unsustainable and is committed to reform. But current… Read More

December 26, 2021 @ 9:30 pm By Omar Faridi  |  

Rapyd, a Fintech-as-a-Service firm, shared the results of a survey exploring the adoption of digital finance tools and e-commerce in Argentina, Colombia, Mexico, and Brazil. Even though the region has a fairly large unbanked population, the survey revealed that among those with active bank accounts,… Read More

December 26, 2021 @ 9:08 pm By Omar Faridi  |  

Fnality, the financial technology company establishing a network of distributed financial market infrastructures using blockchain or distributed ledger tech (DLT), revealed it will be able to lower banks’ intraday liquidity requirements “by up to 70%, reducing funding costs and payment delays.” The findings come ahead… Read More

December 26, 2021 @ 8:30 pm By Omar Faridi  |  

Decentralized applications store DappRadar recently published their annual Dapp Industry Report, highlighting records for the decentralized application (dApp) space. As noted in a release shared with CI, 2021 saw the blockchain or distributed ledger tech (DLT) industry expand “across verticals, with usage growing sevenfold as… Read More

December 26, 2021 @ 8:07 pm By Omar Faridi  |  

Interest for peer-to-peer loans is expected to gain traction across Europe, according to an update from Croatian P2P lender Robo.cash. As noted in a blog post by Robo.cash, the number of Google requests for P2P lending in Europe has been growing steadily this year. An… Read More

December 26, 2021 @ 6:37 pm By Omar Faridi  |  

FTX US, a US-regulated crypto exchange, announced that it has entered into a partnership agreement with Stratos Jets Charters Inc, a private jet charter broker based in Orlando, Florida. Via this partnership, Stratos will be accepting payments in crypto and fiat via the FTX Pay… Read More

December 26, 2021 @ 1:17 pm By Omar Faridi  |  

The team at European online lender EstateGuru notes that during 2021, they have primarily focused on developing their loan origination tech and hiring new loan managers and credit analysts. This has helped them to support the relatively high volume of loan projects while maintaining a… Read More

December 26, 2021 @ 1:38 am By Omar Faridi  |  

Dropp, which claims to be a cost-effective, digital micropayment transaction platform enabling payments both in fiat currency and cryptocurrency, announced new appointments: Richard Re and Robert Flohr. The duo will join Dropp’s advisory board comprising top Cloud computing and Fintech professionals. Dropp CEO and Founder… Read More

December 24, 2021 @ 11:59 am By Omar Faridi  |  

HUMAN Protocol announced the complete launch of the HUMAN App: a web-based software application that demonstrates how work “published to the Protocol can be accessed and completed by distributed workforces.” As mentioned in a release, the HUMAN App acts as a gateway to work processed… Read More

December 24, 2021 @ 9:31 am By Omar Faridi  |  

Digital bank Revolut, the provider of a financial Super App with over 18 million customers globally, revealed that it will bring Google Pay to Revolut Junior clients across the United Kingdom and EEA. Revolut says it added support for Google Pay after getting feedback during… Read More

December 24, 2021 @ 8:48 am By Omar Faridi  |  

The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More

December 23, 2021 @ 11:47 pm By Omar Faridi  |  

The only “free” Open Banking platform, Nordigen, has entered into a partnership with full-service company management tool provider, Enty, in order to offer the latter with banking data that’s delivered right to their dashboard, along with integration with their other solutions. Enty may be described… Read More

December 23, 2021 @ 11:27 pm By Omar Faridi  |  

WEX (NYSE: WEX), a financial technology service provider,  announced two additions to its executive leadership team: Karen Stroup as Chief Digital Officer, and Carlos Carriedo as Chief Operating Officer, International. Stroup and Carriedo are responsible for overseeing WEX’s operations in Europe, the EMEA and Asia… Read More

December 23, 2021 @ 3:29 pm By Omar Faridi  |  

ABN AMRO (AMS: ABN) recently revealed that it’s providing business customers the option of carrying out IBAN-Name Checks on their own, via an API. Checking customer data can be a tedious and time-consuming task for many firms. By integrating the IBAN-Name Check API, these companies… Read More

December 23, 2021 @ 3:18 pm By Omar Faridi  |  

Taptap Send, a community-focused cross-border financial platform, has announced a $65M Series B round led by Spark Capital, along with contributions from Unbound and previous leads Reid Hoffman and Canaan Partners, along with Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional investors from… Read More

December 23, 2021 @ 10:43 am By Omar Faridi  |  

Working with Clearstream, Northern Trust, SETL and others, SWIFT plans experiments in Q1 2022 in order to “explore how it can support interoperability in the development of the tokenized asset market.” Relative to digital currencies and stablecoins, the current market cap of tokenized assets is… Read More