Global

October 13, 2021 @ 7:52 am By Omar Faridi  |  

Celsius Network, the international digital currency earning and borrowing platform, reveals that it has finalized a $400 million investment that was led by WestCap, a growth equity company, as well as Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The transaction… Read More

October 13, 2021 @ 6:17 am By Tony Zerucha  |  

Finacity, a provider of capital markets receivable funding, announced this week it has successfully completed the facilitation of a new consumer loan funding program for Express Credit Group’s Botswana specialty finance operations. The new facility will purchase loans from Express Credit through a newly created… Read More

October 12, 2021 @ 9:25 pm By JD Alois  |  

Fintech Founders has published a survey in collaboration with the UK Department for International Trade (DIT). Once again the group notes there is significant optimism for the Fintech industry while calling for more government support in a rapidly changing and dynamic market. Originally called the… Read More

October 12, 2021 @ 8:35 pm By JD Alois  |  

Earlier this year, CrowdProperty announced an expansion into Australia. The property investment marketplace said the model that they have proven in the UK is a perfect fit for the Australian market. Today, CrowdProperty Australia is reporting that it has raised $1.5 million to expand its… Read More

October 12, 2021 @ 4:01 pm By Omar Faridi  |  

Planixs, the provider of real-time, intraday cash, collateral and liquidity management services, has revealed that its Realiti software suite has been chosen by Nord/LB as the bank “embarks on a digital transformation project to overhaul its treasury operations.” NORD/LB Norddeutsche Landesbank is reportedly one of… Read More

October 12, 2021 @ 3:46 pm By Douglas Horn  |  

The 17-hour outage has exposed a critical design flaw and grossly exaggerated TPS claims.   On September 14 at 12:38 PM UTC, Solana announced that it had encountered a denial-of-service [DoS] disruption caused by a surge in transaction loads, reaching as high as 400,000 attempted… Read More

October 12, 2021 @ 3:11 pm By Tony Zerucha  |  

Tinkoff Bank has been added to the Bank of Russia’s list of 13 systemically important lenders, the institution said this week. They said the decision was based on such factors as higher than average business growth and an extensive customer base. The move comes days… Read More

October 12, 2021 @ 1:06 pm By Omar Faridi  |  

“Crypto Made Easy” pioneer Divi says that it has taken a step towards its mission to develop a completely decentralized, private payment service that will support the mass adoption of virtual currencies, with the UK launch of its user-friendly mobile wallet. The United Kingdom is… Read More

October 12, 2021 @ 1:04 pm By Tony Zerucha  |  

New research from investment holding company MBH Corporation reveals 85 per cent of professional investors from the United Kingdom, United States, and Germany believe equities in the UK are undervalued. Those investors, who collectively manage more than $300 billion, said a key reason for optimism… Read More

October 12, 2021 @ 12:24 pm By Tony Zerucha  |  

Polymesh will not be launching as promised on Oct. 13, but the delay will be minimal, officials said today. A blockchain built specifically for security tokens, Polymesh is being developed by Polymath, a company that builds technology to create, issue and manage digital securities on… Read More

October 12, 2021 @ 10:15 am By Omar Faridi  |  

Moneybrain, an international Fintech platform, reveals that it has joined Visa’s Fintech Fast Track program, in order to accelerate the process of integrating with Visa and “allowing Moneybrain to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers.” As mentioned… Read More

October 12, 2021 @ 9:19 am By JD Alois  |  

A new partnership between Hex Trust and Hedera Hashgraph will aim to provide banks, financial institutions, and institutional investors with a safe, and compliant way to integrate HTS-based tokens into the operations of their digital assets. Hex Trust will be using the Hedera Token Service… Read More

October 12, 2021 @ 9:01 am By JD Alois  |  

LendInvest, a UK-based property finance platform, will offer a new holiday product for lets and short term properties. The new credit offer was announced alongside a series of reductions across its standard property range. The Proptech has introduced a product catalogue with rates starting at… Read More

October 12, 2021 @ 7:54 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is teaming up with Demica, a major Fintech focused on working capital solutions, in order to streamline access to the bank’s supplier finance program,  allowing easier enrolment for suppliers via an online portal while providing a seamless experience for the Bank’s… Read More

October 12, 2021 @ 7:48 am By Omar Faridi  |  

MT Finance is pleased to confirm the appointment of Chris Patrick to the Board as the lender’s “first ever” non-executive director. Chris has “forged a long career in the private equity, finance and investment banking world,” according to an update shared with CI. Chris has… Read More

October 11, 2021 @ 9:46 pm By Omar Faridi  |  

Mortgage platform Finova has reportedly acquired its competitor, BEP Systems, in order to expand its presence in the United Kingdom. Finova’s Cloud-powered software is being used by more than 60 lenders and around 3,000 brokers, meanwhile, BEP, which launched back in 2014, focuses mainly on… Read More

October 11, 2021 @ 9:37 pm By Omar Faridi  |  

UK-based Proptech Goodlord, the lettings tech and services platform, has reportedly acquired the Fintech app provider, acasa, in order to wider the range of services it provides to letting agents and their landlords and tenants. As first reported by Mortgage Introducer, acasa is a Fintech… Read More

October 11, 2021 @ 5:29 pm By Omar Faridi  |  

Following the commercial launch of the Spenda Payment Suite in May of this year, this week Cirralto released a “major” upgrade to the Spenda system. In addition to the increased functionality, this update provided the necessary changes and assurance of their transaction scaling capabilities “to… Read More

October 11, 2021 @ 3:46 pm By Omar Faridi  |  

Over a third or more than 30% of Bank of Ireland branches across the nation closed down permanently on Friday (October 8, 2021). As reported by The Journal, clients at 88 physical Bank of Ireland branches across the country had been able to use their… Read More

October 11, 2021 @ 2:43 pm By Omar Faridi  |  

Morgan Stanley (NYSE: MS) has reportedly agreed to a £1 million investment in order to further expand its Multicultural Innovation Lab across Europe, Middle East and other areas. Initially introduced in the US back in 2017, the Lab aims to serve as an accelerator program… Read More