Global

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

September 1, 2021 @ 9:38 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the international payments platform for leading businesses, has officially launched Score. Adyen claims that it’s the first-to-market with a machine learning powered solution on a single platform for identifying unusual activity and ensuring platform compliance. By utilizing key data insights for analyzing… Read More

September 1, 2021 @ 5:20 pm By Omar Faridi  |  

Kava Labs, an open-source and non-custodial developer of financial products and services for decentralized finance (DeFi), reveals that it has launched its latest platform project, Kava Swap. As mentioned in a release, Kava Swap is a cross-chain Autonomous Market Making (AMM) protocol specifically developed to… Read More

September 1, 2021 @ 3:28 pm By Omar Faridi  |  

UK-headquartered micro-investing platform Wombat Invest has appointed David Davies, the ex-Chief Information Officer at Hargreaves Lansdown, and former eToro Managing Director Iqbal Gandham to its advisory board. These appointments have been made as the company prepares a  £10m Series A round in order to support… Read More

September 1, 2021 @ 12:21 pm By JD Alois  |  

Two weeks ago, the UK Financial Conduct Authority posted a “Dear CEO” letter directed at investment crowdfunding platforms. The letter, signed by Debbie Gupta, Director of Consumer Investments Supervision, cautioned platforms on both the risk of investments being offered to investors as well as the… Read More

September 1, 2021 @ 11:19 am By Omar Faridi  |  

The security tokens market cap recently surpassed the $1 billion mark, indicating that these blockchain-powered digital tokens have strong potential for steady growth in the foreseeable future. After the listing of INX Limited’s INX security token, the digital securities space has surpassed $1 billion, which… Read More

September 1, 2021 @ 9:15 am By JD Alois  |  

Wiserfunding is reporting two new platforms that are incorporating its service. Monet, a financial services firm for the “creator” economy, and Playter a buy now, pay later (BNPL) service, have both incorporated Wiserfunding’s credit risk assessment for SMEs. According to a release, Monet is using… Read More

September 1, 2021 @ 8:49 am By JD Alois  |  

Digital bank Zopa has added a broadband switching service to its marketplace in a move designed to create more value for its users. Zopa said this is the latest feature delivered in partnership with Decision Tech. Previously, Zopa added an energy switching feature. Zopa wants… Read More

September 1, 2021 @ 7:48 am By Omar Faridi  |  

The team at coinpass is pleased to confirm that they’ve been granted approval to serve as a registered crypto-assets company. The approval has been given by the UK’s Financial Conduct Authority (FCA). As mentioned in the announcement, the coinpass management team have always “believed in… Read More

September 1, 2021 @ 7:43 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, and Global-e (NASDAQ: GLBE), a cross-border digital commerce platform, have extended their partnership to provide  flexible payment methods to clients across the US, UK, France, Spain, Italy, and Australia. Klarna‘s payment services will be accessible to… Read More

September 1, 2021 @ 7:39 am By Omar Faridi  |  

Capitalise.com, a digital “super” platform that enables accountants and their SME customers to gain access to capital with a range of credit and risk tools, has secured £10 million from Experian, QED Investors, Gauss Ventures, Hambro Perks, and Post Finance. The investment acquired by Capitalise.com… Read More

August 31, 2021 @ 11:47 pm By Omar Faridi  |  

Switzerland-based digital banking challenger Yapeal has a new virtual banking service for children and younger people in general. Called Yapini, the new product offering is meant to support financial management services for young clients. As noted by the Yapeal team: “Yapini is a digital account… Read More

August 31, 2021 @ 8:17 pm By Tony Zerucha  |  

Investment in technology and data infrastructure sit at the top of asset managers’ priorities as they position themselves to deliver business growth in the recovery from the COVID-19 pandemic, a new report finds. Most, 56 per cent, say their investment will focus on these areas… Read More

August 31, 2021 @ 4:07 pm By Omar Faridi  |  

A consortium of Ethereum-based decentralized finance (DeFi) protocols and initiatives have  announced DeFi for the People, a collaboration of international crypto-focused organizations united by a shared goal: bringing DeFi to the 6 billion mobile phone users across the globe. Developed on Celo, the project includes… Read More

August 31, 2021 @ 3:41 pm By Tony Zerucha  |  

Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, has been listed on Changelly PRO. $wLITI pairs with BTC and USDT are now available for trading. This comes less than a week after listing on Bitcoin.com Exchange and less than… Read More

August 31, 2021 @ 3:00 pm By Tony Zerucha  |  

This week’s launch of Open Banking Excellence’s presence in Brazil could play a key role in the country’s emergence as an open banking stalwart, two executives from instant payments infrastructure provider Volt believe. CEO Tom Greenwood said Banco Central do Brazil has gone farther than… Read More

August 31, 2021 @ 11:32 am By JD Alois  |  

Gala Technology and Freedom Pay have partnered on a payment solution, according to a note from the company. Gala offers a “cardholder not present” solution called SOTPay that allows secure remote transactions.   FreedomPay offers a client experience platform that enables end-to-end consumer experiences by delivering… Read More

August 31, 2021 @ 11:18 am By Omar Faridi  |  

Stripe, a tech firm that develops vital economic infrastructure for the Internet, has extended ts partnership with China’s UnionPay International, which is one of the biggest payment networks in the world. The updated integration should enable businesses in over 30 different markets, including Australia, Singapore,… Read More

August 31, 2021 @ 7:22 am By Omar Faridi  |  

Alpaca, a commission-free stock brokerage platform that provides APIs for Fintech-related apps to connect and trade in US stocks, reveals that it has finalized a $50 million Series B “on the heels” of driving 1500% YTD growth in brokerage accounts and “expanding partnerships” across Europe,… Read More

August 31, 2021 @ 6:59 am By Omar Faridi  |  

TheJobApp, a newly developed app that has been introduced to improve gig working and support businesses, will be available across the United Kingdom. This proposition aims to provide immediate payments after shifts and assists businesses with sourcing the best gig economy workers in an efficient… Read More