Global

November 2, 2021 @ 7:52 am By Omar Faridi  |  

Small business owners are feeling “optimistic” about economic conditions for growth, according to iwoca’s quarterly SME Expert Index of UK brokers. The Index reveals that more than a third (35%) of brokers reported the “top motivator” for applying for unsecured finance was “to ‘grow the… Read More

November 2, 2021 @ 7:48 am By Omar Faridi  |  

Klarna, an international retail bank, has entered an agreement to acquire PriceRunner. As mentioned in a release, PriceRunner will aim to bring new features in the form of product reviews, rich product discovery and price comparisons to the Klarna app in order to improve the… Read More

November 1, 2021 @ 7:51 pm By Omar Faridi  |  

The Board of P27 has reportedly appointed Paula da Silva as the new CEO of P27 replacing Lars Sjögren. As mentioned in the announcement, Paula is expected to start on January 17, 2022, while Claus Richter, Deputy CEO of P27, will be taking the interim… Read More

November 1, 2021 @ 2:50 pm By Omar Faridi  |  

UK-headquartered digital bank Monzo notes that you can view all your scheduled and recurring payments in a single place within the Payments tab of your Monzo app. The team at Monzo writes in a blog post: “We know that tracking your future payments and ensuring… Read More

November 1, 2021 @ 2:35 pm By Omar Faridi  |  

The World Payments Report from Capgemini has looked into the major trends, drivers, opportunities, and risks that are transforming the financial services sector. The report mainly focuses on the beginning of a new era, called ‘Payments 4.X’, an experience-driven environment that’s leading to greater industry… Read More

November 1, 2021 @ 11:24 am By JD Alois  |  

British Business Investments, a subsidiary of government-backed British Business Bank, has committed £30 Million to Mobeus Equity Partners, according to a note from the firm. The money will go into the Mobeus Equity Partners Fund V. Mobeus invests in smaller companies, to support their growth… Read More

November 1, 2021 @ 11:17 am By Omar Faridi  |  

The team at digital bank Revolut recently wished everyone a Happy Halloween. Revolut‘s management writes in a blog post that October’s new products are the “best treat you’ll get this year.” Boo!-k a stay and Earn Instant Cashback  Revolut notes that if you’ve been dreaming… Read More

November 1, 2021 @ 10:52 am By Omar Faridi  |  

UK-based Fintech firm Modulr notes that unless you’ve been living in a completely different digital dimension, you can’t have “failed to hear about the data breaches and high-profile phishing scams that have been hitting the recent headlines.” The team at Modulr writes in a blog… Read More

November 1, 2021 @ 10:37 am By JD Alois  |  

Urban Angehrn has moved into the CEO role at the Swiss financial services regulator FINMA (Financial Markets Supervisory Authority). Angern replaced Mark Branson who took over the leadership of German finance regulator BaFin. The transition was initially revealed this past summer. Angehrn issued the following… Read More

November 1, 2021 @ 10:24 am By Omar Faridi  |  

The inherent transparency of blockchains or distributed ledger tech (DLT) networks makes crypto-related investigations a lot easier for law enforcement agencies, when compared to financial investigations involving fiat currency. Blockchains or DLT networks serve as a permanent, publicly viewable ledger of almost all crypto transfers,… Read More

November 1, 2021 @ 7:57 am By Omar Faridi  |  

Open Banking is driving the “largest disruptors” in the virtual banking market, BaaS (Banking-as-a-Service) and embedded finance, by serving as an “enabler for delivery of these concepts,” according to a report from Juniper Research. As noted in a whitepaper, shared by Juniper Research: “While the… Read More

November 1, 2021 @ 7:35 am By Omar Faridi  |  

Maslife, an AI-enhanced app that assists you with improving your health, relax your mind and take control of your finances, has raised 84% (£845,172) of its £1,000,001 target from 90 investors via Seedrs. With 24 days left in the Maslife crowdfunding campaign, the UK-based company notes… Read More

October 31, 2021 @ 7:56 pm By Omar Faridi  |  

Shiba Inu (SHIB) is now available for trading on digital asset exchange OkCoin – with some of “the lowest fees around.” OkCoin users are able to deposit, withdraw, and trade SHIB against USD via the exchange. All OkCoin clients including those in the US, except… Read More

October 31, 2021 @ 6:54 pm By Omar Faridi  |  

Hong Kong-headquartered crypto-asset custody service provider Hex Trust confirmed earlier this week that James Fok has joined the firm’s advisory board. James brings more than 2 decades of professional experience in capital markets and the financial services sector across high-profile management roles, and also as… Read More

October 31, 2021 @ 6:42 pm By Omar Faridi  |  

More than 20,000 investors are now signed up with Croatian peer-to-peer lender Robo.cash. Robo.cash writes in a blog post that the month of October 2021 made them happy with a new milestone: over 20k investors have now registered on the Robo.cash platform. The platform’s management… Read More

October 31, 2021 @ 6:18 pm By Omar Faridi  |  

The Nationwide House Price Index (in the UK) reveals that the annual house price growth remained steady in double digits for the fifth straight month in September 2021. However, it eased back to 10.0% from 11.0% in August, the Blend Network team notes. The UK-based… Read More

October 31, 2021 @ 5:22 pm By Omar Faridi  |  

Asset managers are set to deploy capital at an accelerated rate, according to an update from European online lender October. Despite the global 2020 Covid-19 outbreak and resulting socioeconomic uncertainty, the asset management sector is going strong, if not stronger, the team at October reveals…. Read More

October 31, 2021 @ 11:47 am By Omar Faridi  |  

The team at digital assets firm Kraken notes that after a “predictably underwhelming” September in the crypto-asset markets, “history was made in October as BTC hit new all-time highs.” Kraken wrote in an extensive report that, as foreshadowed last month, data “indicates that a supply… Read More

October 30, 2021 @ 5:12 pm By Tony Zerucha  |  

Cross-border payment hub Tranglo has launched its new cross-border payment corridor to Mongolia. They said it will aim to improve the cross-border payment services there via a single connection to regional corridors and local partners. According to World Bank estimates, remittance inflows to Mongolia made… Read More

October 30, 2021 @ 5:08 pm By Omar Faridi  |  

Abrdn (LON: ABDN) has reportedly acquired investing insights platform Finimize, a company that empowers retail investors to make informed investment-related decisions. Finimize has more than 1 million subscribers for its daily newsletter and approximately 40,000 premium subscribers. It aims to make investing more accessible and… Read More