Global

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

November 10, 2021 @ 9:43 pm By Tony Zerucha  |  

Global regtech company Clausematch this week launched a new document modification feature. The move was inspired by requests from the company’s core clients. The advanced functionality allows organizations to manage deviations to the original document and solve additional use cases while retaining governance and control… Read More

November 10, 2021 @ 3:23 pm By JD Alois  |  

The European Securities and Markets Authority (ESMA) has published its final report on the “Draft  Technical Standards under the European Crowdfunding Service Providers for Business Regulation.” As was previously reported, European Crowdfunding Service Providers Regulation (ECSPR) goes into effect today. This enables issuers to raise… Read More

November 10, 2021 @ 3:05 pm By Omar Faridi  |  

Rapyd, an international Fintech as a Service firm, has made new enhancements to its Disburse and Collect Platforms, offering end-to-end infrastructure for B2B companies to pay suppliers and sellers while “getting paid by customers around the world more efficiently.” As mentioned in a release shared… Read More

November 10, 2021 @ 11:27 am By JD Alois  |  

Harmonized European crowdfunding laws commence today (November 10, 2021). After years of engagement by industry leaders, largely due to the efforts of EuroCrowd, issuers may now utilize investment platforms to sell securities across all EU member states. The European Crowdfunding Service Providers Regulation (ECSPR) rules… Read More

November 10, 2021 @ 9:17 am By JD Alois  |  

Zilch, a London-based buy now, pay later (BNPL) Fintech, has closed on a $110 million services C funding round at a $2 billion valuation. Zilch last raised money in 2020 at a valuation of “just” $500 million. Zilch is claiming the title of the fastest… Read More

November 10, 2021 @ 8:44 am By Omar Faridi  |  

The developers of Sovryn, a Bitcoin-native app supporting decentralized lending, notes in a blog post that we are all in the middle of a truly historic transition from a global economy largely based on fiat money to an economic system based on crypto-assets and dominated… Read More

November 10, 2021 @ 8:27 am By JD Alois  |  

Assetz Capital has announced four new executives that have been hired to help drive the online lending platform to originate £1 per year of loans. The online lender specialises in commercial mortgages, bridging, and development finance, Assetz Capital also announced the full restarting of Retail… Read More