Global

September 4, 2021 @ 12:15 pm By Omar Faridi  |  

Axyon AI, an AI provider for the asset management sector, has appointed Luigi Conti to serve as an independent board member. Axyon AI offers deep learning solutions that assist fund managers with providing more efficient and innovative investment services. The firm, which includes UniCredit S.p.A…. Read More

September 3, 2021 @ 7:55 pm By Omar Faridi  |  

MEFF, the Spanish Derivatives Market, has introduced BME FX, a web-based platform meant for banking institutions and various other financial service providers. It will aim to help with hedging against the currency risk with MEFF’s xRolling FX futures contracts. BME FX consists of a tech… Read More

September 3, 2021 @ 3:03 pm By Omar Faridi  |  

The MULTOS Consortium, a group of organizations that are focused on the promotion and development of the MULTOS specifications, revealed that McLEAR, a technology firm supplying smart payment rings has joined as a Partner Member. MULTOS is a security technology for all-digital devices offering a… Read More

September 3, 2021 @ 2:51 pm By Tony Zerucha  |  

Nauta Capital this week led a £2.3 million seed round in trustshare, a company offering borderless marketplace payments. Trustshare allows online marketplaces to offer high-value transactions between parties who either don’t know or don’t trust each other by using an escrow system that can be… Read More

September 3, 2021 @ 11:53 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has launched a buy now, pay later (BNPL) payments product thus expanding its set of Fintech services. In a release, Funding Circle announced FlexiPay in a move to “revolutionize” the £1 trillion payments market. Funding Circle says that… Read More

September 3, 2021 @ 8:51 am By Omar Faridi  |  

Hawk AI, Germany’s software provider of Transaction Monitoring for banking institutions, payment companies and Fintech firms, reveals that it has teamed up with Moss, a Berlin-headquartered expense and financial platform for comprehensive management of card payments, worker expenses, and invoices. Through the partnership, Hawk AI’s… Read More

September 3, 2021 @ 8:18 am By Omar Faridi  |  

Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

September 2, 2021 @ 11:46 pm By Omar Faridi  |  

Roxe, a next-gen international payment network, reveals that it will offer qualifying reserve banks with free access to its global Central Bank Digital Currency (CBDC) Plus Program. The new program will aim to enable countries to issue “new secondary or primary sovereign, fiat currencies backed… Read More

September 2, 2021 @ 9:40 pm By Omar Faridi  |  

The Abu Dhabi Securities Exchange (ADX) reveals that it has taken an important step towards establishing a derivatives market in 2021 by entering an agreement with Nasdaq (Nasdaq: NDAQ) in order to provide marketplace tech services, such as matching, real-time clearing and settlement technology. Abu… Read More

September 2, 2021 @ 6:55 pm By Omar Faridi  |  

Databricks, the data and AI firm, reveals that it has completed a $1.6 billion round in order to promote the innovation and adoption of the data lakehouse, as the data architecture’s utilization across data-oriented organizations keeps growing rapidly. The Series H investment round in Databricks… Read More

September 2, 2021 @ 2:38 pm By JD Alois  |  

Perception of investment crowdfunding in Germany continues to tick up, according to crowdfunding.de. In its annual barometer report, almost 3/4 of surveyed individuals are aware of the ability to raise money online at 74.3% The segment of people that understand crowdfunding is almost half at… Read More

September 2, 2021 @ 10:00 am By Omar Faridi  |  

The Financial Data Exchange (FDX) reveals that 22 million consumer accounts are currently using its FDX API for open finance data sharing. Since FDX’s previous report in April of this year, more than 1 million additional consumer accounts per month have transitioned to the FDX… Read More

September 2, 2021 @ 9:39 am By Omar Faridi  |  

The Chancellor Rishi Sunak has decided to put John Flint, ex- Chief Executive at HSBC, at the helm of UKIB. Flint will be responsible for leading the UKIB to promote investments into various infrastructure initiatives that aim to lower emissions and assist with leveling up… Read More

September 2, 2021 @ 9:05 am By Omar Faridi  |  

Heroes, an established digital commerce firm which acquires, operates and scales “top performing” Amazon brands, reveals that it has finalized a $200 million round from US-headquartered investor Crayhill Capital Management. As mentioned in an update shared with CI, the investment round will aim to facilitate… Read More

September 2, 2021 @ 8:42 am By JD Alois  |  

As was previously reported, TWINO, a peer to peer lending marketplace for consumer loans, has been approved by the Latvian Financial and Capital Market Commission (FCMC) to operate as an Investment Brokerage. TWINO has now shared some additional information as to how it will operate… Read More

September 2, 2021 @ 7:36 am By JD Alois  |  

Draper Esprit (LSE: GROW), a publicly-traded venture capital group, will join the FTSE 250 with a market cap of around £1.6 billion. Year to date, shares in Draper Esprit have almost doubled. Draper Esprit seeks to reinvent European venture capital investing in early-stage as well… Read More

September 2, 2021 @ 7:12 am By Tony Zerucha  |  

Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, has launched the first round of its Polygon-Grants Hackathon on HackerLink, DoraHacks’ open-source developer incentive platform. Developers are encouraged to come up with ideas for dApps and bring them to life on… Read More

September 2, 2021 @ 7:04 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) has introduced a dedicated sustainable finance innovation division in Singapore as a key part of its new LSEG Labs network. As noted by the LSEG, the division will mainly focus on offering sustainable finance solutions and capabilities in order… Read More

September 2, 2021 @ 6:56 am By Omar Faridi  |  

Privalgo reveals that it has appointed Martin Griffiths as a non-executive Director and Board member. With a 30-year career focused on banking and corporate foreign exchange, Martin will “bring his experience and knowledge to Privalgo’s Executive Team, helping the business with its strategic development,” according… Read More

September 2, 2021 @ 6:53 am By Omar Faridi  |  

iwoca, one of the largest small business lenders in Europe, has introduced its “industry-first” cash advance product on Funding Xchange for small business online sellers. iwoca will reportedly be the first lender in the United Kingdom – leveraging Open Banking – to provide fully automated… Read More