Global

November 13, 2021 @ 10:00 am By Omar Faridi  |  

ABAKA has announced the closing of a $5 million second tranche of its Series A round. The company’s investment round has reportedly been co-led by Lingfeng Capital and Thames Trust, along with contributions from new and existing investors. ABAKA‘s management noted that the proceeds will… Read More

November 13, 2021 @ 9:55 am By Omar Faridi  |  

BEQUANT, the digital asset prime brokerage and exchange, has reportedly appointed Huong Hauduc as General Counsel. As mentioned in an update shared with CI, Huong will be helping BEQUANT to “expedite the growth of the business across new jurisdictions and products.” Huong has almost 2… Read More

November 12, 2021 @ 4:10 pm By Omar Faridi  |  

Akt.io, the platform bridging decentralized finance (DeFi), wealth management and payment services, has announced its partnership with the HBAR Foundation in order to support their launch of the first DeFi app on the carbon-negative Hedera Network, which claims to be “the most used, sustainable and… Read More

November 12, 2021 @ 3:06 pm By Tony Zerucha  |  

Earlier this month the United Kingdom’s Competition and Markets Authority (CMA) provided an update on the current state of open banking in the region. It comes after the release of a report from an independent investigator of allegations against the Open Banking Implementation Entity (OBIE)…. Read More

November 12, 2021 @ 10:42 am By JD Alois  |  

Tot, an Italian digital banking platform, has raised €2 Million in seed funding according to a note from the firm. Banca Sella was the lead investor in the funding round. Tot is a new banking platform that aims to update the administrative and financial management… Read More

November 12, 2021 @ 10:36 am By JD Alois  |  

Amsterdam-based Recharge has opened an office in Lisbon, Portugal to accelerate its expansion plans, according to a company release. Recharge is a European firm providing online consumer-branded payments, currently operating in over 150 markets around the world. Recharge recently announced a $35 million Series B… Read More

November 12, 2021 @ 10:30 am By JD Alois  |  

European payments firm Volt has entered Brazil. Volt states that it has now integrated Brazil’s domestic instant payments network Pix – and established its physical presence in São Paulo. Volt states that it currently works with over 5000 banks in Europe on the PSD2 Open… Read More

November 12, 2021 @ 9:38 am By Omar Faridi  |  

ABN AMRO (AMS: ABN) confirmed that it’s the co-founder of the new Energy Efficient Mortgages NL Hub (EEM NL Hub). Charissa Cardon will reportedly represent the banking institution on the EEM NL Hub’s board. As mentioned in the announcement, the EEM NL Hub was “initiated… Read More

November 12, 2021 @ 9:36 am By JD Alois  |  

Global investment platform OurCrowd has inked another Memorandum of Understanding (MOU) – this time with an entity from Colombia. According to an email distributed by OurCrowd, they have signed an MOU with iNNpulsa to establish a fund to invest in OurCrowd portfolio companies, as well… Read More

November 12, 2021 @ 9:22 am By JD Alois  |  

FINMA licensed digital asset bank SEBA Bank has won the “Best ETP of the Year” Award in the Swiss ETF Awards 2022, according to a note from the company. The ETP in question is the SEBA Crypto Asset Select Index (SEBAX), which trades on the… Read More

November 12, 2021 @ 8:40 am By Omar Faridi  |  

Michael Santner has reportedly joined European payments platform, Nets, part of Nexi Group, as Head of PSP DACH. In this new role, Michael is responsible for digital commerce payment services being offered in the DACH region. His key focus is on the ongoing development and… Read More

November 12, 2021 @ 8:32 am By Omar Faridi  |  

The European Banking Authority (EBA) has released its discussion paper on machine learning “used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.” As noted in the announcement, the stated aim of the discussion paper is to clearly establish… Read More

November 11, 2021 @ 10:00 pm By Omar Faridi  |  

FINOS, the Fintech Open Source Foundation, has announced at its Open Source Strategy Forum in New York, six new corporate members, “bringing its membership to 55 members.” As mentioned in the announcement, BMO Financial Group (BMO) joins as a Platinum member, with Kim Prado, CIO,… Read More

November 11, 2021 @ 5:59 pm By JD Alois  |  

The European Banking Authority (EBA) has published its Final Report on draft Regulatory Technical Standards (RTS) specifying the information that crowdfunding service providers offering individual portfolio management of loans shall provide to investors in relation to the method to assess credit risk, and on each… Read More

November 11, 2021 @ 5:47 pm By Omar Faridi  |  

Moven is pleased to confirm that it has entered into a partnership with Australia’s banking Information and Communications Technology (ICT) integration provider, Nixil Pty Ltd, with the aim of establishing a footprint in the fast-evolving virtual banking space that is “opening up in the region.”… Read More

November 11, 2021 @ 11:37 am By JD Alois  |  

Singapore and Abu Dhabi (UAE), have completed a pilot of a “world’s first” cross-border digital trade financing pilot. The pilot was completed in partnership with the Monetary Authority of Singapore (MAS), Singapore’s Infocomm Media Development Authority (IMDA),  the Financial Services Regulatory Authority (FSRA) of Abu… Read More

November 11, 2021 @ 8:27 am By Omar Faridi  |  

CryptoUK, the “trusted” voice of the United Kingdom’s crypto-assets industry, revealed on November 11, 2021, that it has appointed Rob McWilliam as its new non-executive director (NED). McWilliam has held key executive roles at two of the “most customer-centric” companies in the world, as finance… Read More

November 11, 2021 @ 8:16 am By Omar Faridi  |  

TrueLayer, the international Open Banking platform, has announced a new collaboration with investment platform Lightyear in order to provide instant account funding via Open Banking payments. Lightyear, established by ex-Wise professionals Martin Sokk and Mihkel Aamer, combines multi-currency accounts with unlimited access to 1,000+ international… Read More

November 11, 2021 @ 7:53 am By Omar Faridi  |  

Scila AB, the Stockholm-headquartered independent provider of trade surveillance, anti-money laundering and risk management tech, has established a new regional office in Singapore “covering the Asia-Pacific region.” As mentioned in a release, Scila has worked cooperatively with clients in the APAC region since 2009, and… Read More

November 11, 2021 @ 7:51 am By Omar Faridi  |  

An automatic online service should assist the United Kingdom’s 8 million financially vulnerable households which are currently missing out on £16 billion in benefits that may be owed to them. Not-for-profit lending platform Scotcash stated that its benefits calculator, offered by Inbest, an established Fintech… Read More