Global

October 5, 2021 @ 9:09 am By JD Alois  |  

Compliance and analytics firm SteelEye has appointed Brian Lynch as President of its new US operation as it seeks to expand services into North America. According to a note from the Regtech, Lynch will establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in… Read More

October 5, 2021 @ 8:45 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of an instant remittance service to Turkey. The feature is being made available by a partnership with United Payment, a leading payments service provider in Turkey. The new service will allow Azimo customers living in… Read More

October 5, 2021 @ 8:35 am By JD Alois  |  

Fabrick, an open banking platform, and Bitpanda – a digital investing platform offering stocks, digital assets and more, have joined to create a white label solution for Italian banks and Fintechs. The service enables users to give their customers and clients access to the growing… Read More

October 5, 2021 @ 8:24 am By JD Alois  |  

Sonovate says it has topped £2 billion in total funding during September 2021. Sonovate was founded in 2013 by Richard Prime and Damon Chapple and provides embedded finance and technology to businesses that employ contract and freelance workers. Sonovate states that half of this total… Read More

October 5, 2021 @ 8:13 am By Omar Faridi  |  

European P2P investors have been shifting their focus to diversification. The analysts of the European investment platform Robo.cash stated that the volume of investment in long-term loans on the platform “is 21% higher than the investment in short-term.” Meanwhile, 32% of customers “diversify their portfolio… Read More

October 5, 2021 @ 7:48 am By Omar Faridi  |  

European P2P lender Mintos has released Risk Score updates for the month of October 2021. As mentioned in a blog post by Mintos, dated October 4, 2021, the latest Mintos Risk Score updates “based on developments and data from the second quarter of 2021 are… Read More

October 5, 2021 @ 6:00 am By JD Alois  |  

Former Goldman Sachs executive Sheila Patel has joined the board of Antler, according to a statement by the company. Patel said she was attracted to Antler by its unique model – particularly its global approach to investment and focus on fostering diversity. “Where entrepreneurs innovate,… Read More

October 4, 2021 @ 4:04 pm By JD Alois  |  

Trovio Capital Management (TCM) has announced the creation of the Digital Asset Income Fund for investing in stablecoin based decentralized finance (DeFi) protocols. TCM is a subsidiary of The Trovio Group based in Australia. The Fund is said to be institutional-grade to enable a safe… Read More

October 4, 2021 @ 3:02 pm By Omar Faridi  |  

On Tuesday, September 21, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) had released an advisory on the sanctions risks associated with carrying out ransomware payments and the “proactive” steps firms may take to address these types of risks. This… Read More

October 4, 2021 @ 11:06 am By Omar Faridi  |  

Optiver, a global tech-focused trading firm that’s dedicated to enhancing the market, has “exciting” news for students with “serious” coding skills. Optiver announced: “We’re inviting STEM students to join Ready Trader Go, a coding competition that dives into the fascinating world of algorithmic trading. While… Read More

October 4, 2021 @ 8:49 am By Omar Faridi  |  

ThinCats, a UK-based lending platform, will be providing up to £300 million additional funding to businesses via the British Business Bank‘s ENABLE Guarantee program. The ThinCats team wrote in a blog post that they’re pleased to be utilizing a guarantee offered by the British Business… Read More

October 4, 2021 @ 8:46 am By JD Alois  |  

Birchal, the top investment crowdfunding platform (called crowd-sourced funding or CSF) in Australia, is reporting that September 2021 is the biggest quarter ever for the industry. According to Birchal, crowdfunding in Australia jumped by 110% versus same quarter year prior. Platforms raised $19.4 million from… Read More

October 4, 2021 @ 8:33 am By Omar Faridi  |  

Catherine Gu, Global CBDC Product Lead at Visa (NYSE: V) writes in a blog post that you should try imagining splitting the check with your friends, like when everyone at the table may be using a different “type of money” — some using a central bank… Read More

October 4, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech firm SumUp, an international leader in virtual payments, has confirmed the appointment of a new CEO for Europe, Michael Schrezenmaier. Schrezenmaier brings with him a “founder’s mentality” and a “hands-on” attitude, as well as being a “perfect cultural fit” for the London-based company,… Read More

October 4, 2021 @ 8:03 am By Omar Faridi  |  

UK-based digital bank Monzo has reportedly been forced to abandon its efforts to secure a US banking permit, after an unsuccessful 2-year engagement with regulators. In a statement, Monzo‘s management stated after their recent discussions with the OCC (Office of the Comptroller of the Currency),… Read More

October 3, 2021 @ 10:29 pm By Omar Faridi  |  

Chase has teamed up with 10x Banking, the UK-headquartered Cloud-native banking tech business, in order to create a modern technology platform that has “powered Chase’s entry into the UK retail banking market.” During the last two years, 10x and Chase have been working cooperatively to… Read More

October 3, 2021 @ 10:06 pm By Omar Faridi  |  

eFounders-formed Banking-as-a-Service (BaaS) Fintech Swan has secured €16 million in funding via a Series A round that was led by Accel. Swan’s latest investment round has come about a year after the Fintech firm finalized its seed round. The company claims that it now has… Read More

October 3, 2021 @ 9:27 pm By Tony Zerucha  |  

A £1.7m development loan to New Generation Developments is the latest move by Assetz Capital. The specialty lender has facilitated nearly £1.5bn of retail and institutional funds to UK businesses to date. New Generation Developments Ltd, a Cardiff-based construction company, secured the loan to build… Read More

October 3, 2021 @ 8:54 pm By Omar Faridi  |  

HSBC and Temasek revealed that they’ve formed a partnership in order to launch a $150 million debt financing platform that’s aimed at supporting sustainable infrastructure initiatives with a special focus on Southeast Asia. This project is reportedly a part of efforts to address climate change… Read More

October 3, 2021 @ 8:07 pm By Omar Faridi  |  

Digital assets firm Binance is pleased to confirm that they’ve hired Tigran Gambaryan, a former special agent of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit in Washington, D.C. Tigran joins Binance as Vice President of Global Intelligence and Investigations after working for around… Read More