Global

October 1, 2021 @ 8:10 am By Omar Faridi  |  

COTI is pleased to confirm that its Visa debit cards and bank account are accessible to the public. With assistance from Simplex, both of these financial tools should help with addressing “economic inequality.” As noted in an update shared with Crowdfund Insider, COTI aims to… Read More

October 1, 2021 @ 8:08 am By Omar Faridi  |  

ModusBox is teaming up with Mambu, the global Fintech platform. Through their partnership, the companies aim to support the next generation of financial institutions in order to challenge the status quo. Mambu and ModusBox intend to bring a combination of domestic and international experiences and… Read More

October 1, 2021 @ 7:58 am By Omar Faridi  |  

Australian founded and headquartered payments firm, Till Payments, has finalized its Series C round, securing $110 million in private capital. The proceeds will be channeled towards strengthening Till’s domestic capabilities, “bolster global expansion, and further innovate its cutting-edge technology,” according to a release. The announcement… Read More

September 30, 2021 @ 8:27 pm By Tony Zerucha  |  

n.exchange, a cryptocurrency exchange specializing in fiat on- and off-ramp services, this week unveiled its crypto purchase credit card fraud attempt figures for 2019-2021. It highlights a significant rise in fraudulent purchase attempts by cyber criminals using stolen card details, most of which was perpetrated from… Read More

September 30, 2021 @ 8:05 pm By Tony Zerucha  |  

Digital assets infrastructure company Zero Hash this week announced $35 million in new Series C funding. The investment round was led by Point72 Ventures alongside NYCA Partners, DriveWealth, and other unnamed investors. Several notable angel investors also participated in the round including Immad Akhund (Mercury… Read More

September 30, 2021 @ 10:18 am By Omar Faridi  |  

Matrixport, which claims to be Asia’s fastest-growing crypto-assets financial services platform, and MetaOpus, Non-Fungible Token (NFT) asset issuance and trading platform powered by BlockCreateArt (BCA) Network, have formed a partnership to provide NFT investors “best in class” custody solutions. As mentioned in an update shared… Read More

September 30, 2021 @ 9:25 am By JD Alois  |  

Curve, a Fintech that is on a mission to become a “financial super app,” has posted its annual report. The results are for the period ending December 2020. Curve operates in the UK and the EEA countries reporting 2.6 million customers as of June 2021…. Read More

September 30, 2021 @ 8:47 am By Omar Faridi  |  

Three Egypt-based banking institutions will be establishing a 1 billion Egyptian pound Fintech fund (appr. $63.6 million) in order to offer support to Fintech firms (starting October 2021). The three banking institutions include the National Bank of Egypt, Banque Misr, and Banque du Caire, along… Read More

September 30, 2021 @ 8:18 am By Omar Faridi  |  

Finastra revealed on Wednesday (September 29, 2021) that First National Bank of Manchester (FNBM) has chosen Fusion Phoenix as its Core banking solution to “best serve its account holders and grow the bank.” As mentioned in a release, the decision represents “an upgrade from its… Read More

September 30, 2021 @ 7:42 am By Omar Faridi  |  

Zavann, a Sweden-headquartered SaaS firm that’s owned by EG and offers data-driven offerings for electricity suppliers across the country, has teamed up with Neonomics, an Open Banking platform for improving the way in which clients receive and settle their electricity bills. As noted by its… Read More

September 30, 2021 @ 7:39 am By Omar Faridi  |  

Engagement banking tech provider Backbase recently revealed that it has entered into a “long-term” collaboration with Raiffeisen Switzerland. It involves Backbase supporting Switzerland’s third-largest banking group in the “development of their customer interface.” Backbase and Raiffeisen “signed the contract to formalize their collaboration on September… Read More

September 29, 2021 @ 11:29 pm By JD Alois  |  

EML Payments (ASX: EML) has received approval by French and UK regulators to complete its acquisition of Sentenial Limited including its Nuapay Brand. EML states that the acquisition positions it as a global leader in Open Banking and card payments. EML is acquiring Sentenial, including… Read More

September 29, 2021 @ 11:18 pm By Omar Faridi  |  

Market Pay, the European omni-channel payment service provider, reveals that it will be  acquiring Dejamobile, a French Fintech platform offering mobile and connected equipment payment solutions. After the acquisition has been finalized, Dejamobile will become a subsidiary of Market Pay, the announcement confirmed. Dejamobile is… Read More

September 29, 2021 @ 11:14 pm By JD Alois  |  

Following approval by the Australian Competition and Consumer Commission, TrueLayer, an open banking platform, has announced the launch in Australia and the promotion of Brenton Charnley to CEO of Australia & New Zealand, according to a statement by the company. Brenton joined TrueLayer in Sydney… Read More

September 29, 2021 @ 3:27 pm By Omar Faridi  |  

Elements Global Services, a tech firm and direct Employer of Record service provider that simplifies a firm’s international expansion efforts, augments its leadership team with the addition of three C-Suite executives to “further its position as a leading technology and HR solutions provider,” according to… Read More

September 29, 2021 @ 3:26 pm By JD Alois  |  

FINMA, the Swiss financial regulatory, has approved Crypto Finance to become the first regulated crypto asset fund. Crypto Finance’s fund will be administered by PvB Pernet von Ballmoos AG with custody handled by SEBA Bank AG. As was previously reported, SEBA has just received approval… Read More

September 29, 2021 @ 12:48 pm By JD Alois  |  

SEBA Bank, a FINMA licensed Swiss Bank that works with both digital and traditional assets, has been granted a license to act as a custodian bank for Swiss collective investment schemes. SEBA states that it is the first entity to be granted this type of… Read More

September 29, 2021 @ 11:12 am By Omar Faridi  |  

Partisia Blockchain, the Web 3.0 public (or permissionless) blockchain developed for trust, transparency, and privacy, recently confirmed the appointment of experienced cryptographer Christian Cachin to their team. Dr. Christian Cachin, a former computer scientist working at IBM, has joined the team as a Consensus and… Read More

September 29, 2021 @ 11:09 am By JD Alois  |  

The Bank of England and HM Treasury have joined the central bank digital currency (CBDC) Engagement and Technology Forums. The Forums were created earlier this year alongside a task force exploring a digital pound sterling. CBDCs have emerged as a hot policy issue in the… Read More

September 29, 2021 @ 10:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) says it’s “reinventing” installments in order to give clients more payment options wherever they make purchases. According to an announcement from the payments giant, Mastercard Installments BNPL program will be introduced in the US, Australia, and the UK markets. The payments company… Read More