Global

August 12, 2021 @ 5:57 pm By JD Alois  |  

Wise, formerly doing business as Transferwise, continues to lower the fee it charges for its users. Earlier today, Wise announced that transfers in dollars, sent anywhere in the world, will now be charged at a lower rate. While banks continue to obfuscate and gouge, Wise… Read More

August 12, 2021 @ 10:59 am By Omar Faridi  |  

Crypto is “changing,” and BitMEX is “changing with it” according to Alexander Höptner, the CEO at the Bitcoin Mercantile Exchange. In a blog post dated August 10, 2021, the team at BitMEX revealed that they’ve reached a “resolution” with the US Commodity Futures Trading Commission… Read More

August 12, 2021 @ 10:56 am By JD Alois  |  

Zilch, a buy now – pay later (BNPL) Fintech, has acquired NepFin in a move to expand the company’s offerings in the United States. The terms of the deal were not disclosed. Neptune Financial, or NepFin, is a commercial lending Fintech that provides debt funding… Read More

August 12, 2021 @ 8:48 am By JD Alois  |  

London-based BPC banking technology is reporting that PPCBank in Cambodia has is now using its SmartVista platform. SmartVista is being utilized to centralize their payment switching activity, manage and monitor their ATM and POS networks. The bank says that it is responding to the country’s… Read More

August 12, 2021 @ 8:34 am By Omar Faridi  |  

AstroPay, a provider of online payment solutions, has introduced its digital payment service for the European markets, after a period of steady growth for the business which has seen its users and merchants increase significantly. Established in 2009, AstroPay has been offering payment solutions to… Read More

August 12, 2021 @ 8:15 am By Omar Faridi  |  

The team at Tel Aviv-based Shield, an established Regtech firm, reveals that they’re introducing their powerful Alert Transparency capabilities, bringing “unmatched” understanding to compliance alerts and triggers via AI, Natural Language Processing (NLP), and various other backend technologies. As regulatory authorities throughout the world aim… Read More

August 12, 2021 @ 8:10 am By Omar Faridi  |  

Online lender October is currently active in five different European countries and now it’s the turn of the CEO of October Italy Sergio Zocchi to share his views and insights (after the company’s Netherlands and Spain Chief Executives provided comments during interviews). Sergio Zocchi, who… Read More

August 12, 2021 @ 8:07 am By Omar Faridi  |  

The Poly Network attacker has been returning funds after managing to pull of the largest DeFi theft ever. On, August 10, 2021, an unidentified attacker had managed to steal around $612 million worth of virtual currency from cross-chain DeFi protocol Poly Network, making this the… Read More

August 11, 2021 @ 9:08 pm By Omar Faridi  |  

In what appears to be a first for the Central and Eastern European as well as the MENA region, Visa (NYSE: V) and Mashreq, a card acceptance service provider in the UAE, have teamed up to offer a “Rapid Seller Onboarding” program in the Middle… Read More

August 11, 2021 @ 7:19 pm By Tony Zerucha  |  

A new Omdia whitepaper commissioned by fintech solutions provider CR2 discusses the rise of digital wallets and their influence on the unbanked and underbanked and offers recommendations on how incumbent banks can embrace digital wallets to engage with new and existing customers. It cites key… Read More

August 11, 2021 @ 2:42 pm By Omar Faridi  |  

Today, nearly a year and a half since the Coronavirus pandemic began, we have all been forced to adapt to the new environment or the “new normal” in almost every aspect of life. As at any time, there are always “winners” in the economy and… Read More

August 11, 2021 @ 2:29 pm By Tony Zerucha  |  

Cryptocurrencies and other emerging financial technologies raise concerns with sanctions and compliance professionals, the results of a new survey by the International Compliance Association suggest. Almost half (46 percent) of respondents believe greater training and education is needed around crypto/digital currencies and emerging financial technologies… Read More

August 11, 2021 @ 2:20 pm By Priyanka Pani  |  

The UK government plans to create a digital identity trust framework using modern technology to make verification faster and easier for its citizens. The government had first published the trust framework in February this year.  The UK government has created the framework by conducting extensive online surveys,… Read More

August 11, 2021 @ 2:16 pm By Tony Zerucha  |  

Decentralized finance technology services provider AllianceBlock has announced eight new C-level hires. The company’s new Zug-based office plans to create 20 to 30 new jobs by the end of 2021. AllianceBlock’s open-source technology provides regulated financial entities around the globe with the infrastructure and tools… Read More

August 11, 2021 @ 12:03 pm By Omar Faridi  |  

Lithuania-based Debitum, a borderless financial platform, is pleased to report that their new product on the market “Easy Invest“ has officially been launched. With this new product, Debitum offers investors the same tools that professional investors have been using for a long time – “a… Read More

August 11, 2021 @ 11:53 am By Omar Faridi  |  

Blockchain analysis firm Chainalysis is pleased to confirm that they now cover the world’s “premiere” memecoin: Dogecoin (DOGE). Once considered “nothing more than a light-hearted joke,” Dogecoin has become one of the “world’s most popular crypto assets, thanks in part to cheerleaders like Elon Musk… Read More

August 11, 2021 @ 11:38 am By Omar Faridi  |  

Big Four auditing firm KPMG is reporting record-breaking VC investment in Fintech-focused businesses during H1 2021. KPMG’s Pulse of Fintech report reveals that investment into Fintech firms during H1 of this year reached $98 billion. Nearly $100 billion was allocated towards Fintech investment (M&A, PE… Read More

August 11, 2021 @ 10:34 am By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, reveals that it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business. Patel will be reporting directly to Group CEO, Philip McHugh, when he joins the firm in September 2021. Chirag has… Read More

August 11, 2021 @ 10:18 am By JD Alois  |  

ION Markets has announced the extension of the partnership with UBS Bond Port, connecting the former’s LatentZero buy-side clients to the latter’s Bond Port trading platform. ION Markets is a provider of trading, analytics, and risk management solutions for institutional markets,   Bond Port is now… Read More

August 11, 2021 @ 10:00 am By Omar Faridi  |  

On Wednesday, August 4, 2021, Lattice Exchange, a decentralized finance (DeFi) platform that connects all blockchain or DLT networks and enables users to transfer cryptocurrency in a seamless manner between each other, introduced the Lattice Launchpad, which is described as a “one-stop” shop for blockchain… Read More