Global

December 2, 2021 @ 4:40 pm By JD Alois  |  

Grab, an Asian delivery firm and Fintech, traded on the Nasdaq today as part of a SPAC deal that raised gross proceeds of USD $4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The value of the deal was pegged… Read More

December 2, 2021 @ 12:52 pm By JD Alois  |  

UK-based Fintech Wise (LSE:WISE) has provided an update on its expansion plans across North America. Yesterday, it was revealed that the Wise Card is now available in  Canada but the fast-growing firm has other items on its roadmap. Wise notes that its New York City… Read More

December 2, 2021 @ 11:02 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Ivars Auzins, a citizen of Latvia with crypto asset fraud. The SEC states that the defendant also went under the names of Ron Ramsey and Daniel Gaines. According to a statement by the SEC, Auzins allegedly defrauded… Read More

December 2, 2021 @ 9:30 am By JD Alois  |  

Deel has announced the launch of “Deel Premium” a new service that facilitates remote hiring and compliance, worldwide. Deel has partnered with Insurtech Tint, a startup that provides an insurance-as-a-service platform. Tint’s best-in-class API allowed Deel to design, launch, and scale this new service. Deel… Read More

December 2, 2021 @ 9:15 am By JD Alois  |  

Ransomware attempts are said to rise by 30% monthly, on average, during the holidays, according to a note by Darktrace. The cybersecurity firm says that its researchers are comparing global data from 2018 to 2020 When comparing November and December to January and February, the… Read More

December 2, 2021 @ 8:47 am By Omar Faridi  |  

Prospective users of the forthcoming large-value payment system T2 are able to begin testing the functionalities of the system as of December 1, 2021. The testing is scheduled to run over the coming year and will “allow participants to prepare for a smooth migration to… Read More

December 2, 2021 @ 7:58 am By Omar Faridi  |  

Payments are faster and easier than ever before, the Chainalysis team writes in a blog post. As taps and texts continue to overtake cash and checks, they’re “increasingly digital, too,” the Chainalysis team adds while noting that thanks to the blockchain or distributed ledger tech… Read More

December 2, 2021 @ 6:07 am By JD Alois  |  

OakNorth Bank, a challenger bank that focuses on entrepreneurs, has completed a £531,000 loan to Sincere Homes, the development arm of Midway Care Group. OakNorth focuses on supporting two main divisions. In the UK, the Fintech serves as a banking challenger that provides loans from… Read More

December 2, 2021 @ 1:18 am By Omar Faridi  |  

Australian mobile payments firm, Mr Yum, has secured £48 million via a Series A round that was  led by Tiger Global. This is reportedly the largest Series A for a female-led firm from Australia, and the third-largest Series A in Australian markets. Other investors that… Read More

December 2, 2021 @ 12:01 am By Omar Faridi  |  

Global crypto trading platform BitMEX. which was hit earlier this year with a $100 milllion penalty pertaining to CFTC action claiming illegal trading, AML violations and other charges, has announced the launch of BitMEX EARN. This interest-bearing product “offers the highest annual percentage rate (APR)… Read More

December 1, 2021 @ 11:47 pm By Omar Faridi  |  

The Republic of North Macedonia has introduced its National Digital Identity Service – with assistance from Mastercard (NYSE: MA) – in order to support the nation’s fast-evolving digital economy. The partnership between Mastercard and the Macedonian Ministry of Information Society and Administration (MISA) – first… Read More

December 1, 2021 @ 11:11 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) and INSEAD, one of the largest graduate business schools, have announced the launch of the Standard Chartered-INSEAD Wealth Academy, with a multi-year client engagement and wealth management global education program “for the Bank’s Relationship Managers and Wealth Specialists.” Co-created by financial… Read More

December 1, 2021 @ 10:57 pm By Omar Faridi  |  

ACI Worldwide, an international provider of real-time payments and virtual payment software services, has introduced its Network Intelligence Technology as a key part of ACI Fraud Management. The tech allows banking institutions, processors, acquirers, and networks to complement fraud prevention strategies by enabling them to… Read More

December 1, 2021 @ 10:22 pm By Omar Faridi  |  

Consumers in the United Kingdom can now get access to enhanced financial products and services, as Experian introduces a service to assist lenders with offering quicker, more accurate, and reliable lending decisions. Work Report™ is reportedly the first digital verification service that should enable clients… Read More

December 1, 2021 @ 10:06 pm By Omar Faridi  |  

Taking a leading role in the sector with its innovative solutions in virtual banking, Garanti BBVA has implemented the Document Upload function for their corporate clients where they are able to add their financial data from Corporate Internet Banking. With this new function, Garanti BBVA… Read More

December 1, 2021 @ 2:29 pm By Omar Faridi  |  

Crypto.com, which claims to be one of the fastest-growing cryptocurrency and financial services platforms, has announced that it has executed a sale and purchase agreement to acquire the North American Derivatives Exchange (Nadex) — a US-headquartered retail-focused, regulated online exchange and clearinghouse offering derivative products… Read More

December 1, 2021 @ 8:42 am By JD Alois  |  

Republic, a leading US-based securities crowdfunding platform, has acquired Seedrs – a top UK-based investment crowdfunding platform that operates across Europe. The deal brings together two of the most effective investment platforms in the online capital formation sector. Republic is a full-stack crowdfunding platform offering… Read More

December 1, 2021 @ 7:59 am By Omar Faridi  |  

The Bank of London has launched as the 6th principal clearing bank of the United Kingdom  with a mission to “lift communities and power the borderless economic infrastructure of the future.” Led by an executive team of industry pioneers and a board of international leaders,… Read More

December 1, 2021 @ 7:56 am By Omar Faridi  |  

The Co-operative Bank has reportedly invested £500,000 in Manchester-headquartered Fintech platform Bankifi as part of a large co-development deal. BankiFi is “putting banks at the heart of business.” As noted by its management: “BankiFi is a technology platform designed to make business banking better, enabling… Read More

December 1, 2021 @ 1:46 am By Tony Zerucha  |  

Assetz Capital has provided a £2.3 million commercial mortgage to Roseberry View Lodges. The capital infusion allows the luxury holiday site to refinance an existing development facility and fund five new lodges in North Yorkshire. In a statement, the company said the loan follows 18… Read More