Global

July 22, 2021 @ 10:26 am By Omar Faridi  |  

At the beginning of 2021, the team at Fundrise, a real estate investment platform using Reg A+ to provide access to “eREITs and eFunds,” had introduced an updated version of their proprietary fund infrastructure that “enabled the creation of a unified flagship product, which aims… Read More

July 22, 2021 @ 9:14 am By JD Alois  |  

EIS/SEIS investment fund Velocity Capital Advisors has announced the launch of a new venture debt provider Juice Ventures, a platform that will be utilizing Modulr’s tech stack. Juice expects to facilitate fast, short-term revenue-based loans hit. Juice’s lending process bases its decisions on marketing data… Read More

July 22, 2021 @ 8:50 am By Omar Faridi  |  

LGT, a global private banking and asset management group that is owned by the Princely House of Liechtenstein, has reportedly decided to acquire a minority stake in Germany’s digital wealth manager LIQID. As noted by its management: “LIQID is a digital wealth manager that offers… Read More

July 22, 2021 @ 8:29 am By Omar Faridi  |  

Assetz Capital has now been accredited as a recovery loan scheme lender. The team at Assetz Capital, which serves as a marketplace lending platform, notes that the lender will be delivering property-secured loans “between £250,000 and £10m” to SMEs across the United Kingdom, covering commercial… Read More

July 22, 2021 @ 1:19 am By Omar Faridi  |  

Financial exclusion is negatively affecting billions of consumers across the globe, including the younger generations who do not have established credit histories. As the United Kingdom‘s economy tries to recover from the COVID-19 crisis, the nation’s lending platforms are expecting an increase in unsecured lending…. Read More

July 21, 2021 @ 11:45 pm By Omar Faridi  |  

Infosys Finacle, which is part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Santander UK, recently revealed that they’ve introduced  Santander UK’s global cash management platform as part of the institution’s digital transformation efforts. Santander Global Connect is a newly-developed… Read More

July 21, 2021 @ 10:05 pm By JD Alois  |  

Yapily, an open banking infrastructure provider, has raised $51 million in a Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital, and Latitude participated in the round as well. Yapily says the investment will enable it to expand its operations across… Read More

July 21, 2021 @ 9:42 pm By JD Alois  |  

OwnHome, an Australian Proptech seeking to help turn renters into homeowners, has raised $3.6 million from investors including Global Founders Capital, Entrée Capital, AfterWork, and InVentures. OwnHome had previously secured seed funding from the Commonwealth Bank’s x15 Xccelerate program. The company notes that skyrocketing property… Read More

July 21, 2021 @ 9:27 pm By Omar Faridi  |  

Australia-based Buy Now, Pay Later (BNPL) Fintech Afterpay (ASX:APT) says it will be diversifying its business operations with the introduction of a “money and lifestyle” app. The Money app has been developed following Afterpay‘s partnership with Westpac. Through their collaboration, Afterpay is able to operate… Read More

July 21, 2021 @ 9:08 pm By Tony Zerucha  |  

More than half (54 percent) of panelists in Finder’s latest Bitcoin Price Predictions Report believe Bitcoin will overtake fiat as the dominant form of global finance by 2050, with 29 percent believing it will happen by 2035. While Bitcoin’s value is predicted to drop to… Read More

July 21, 2021 @ 7:25 pm By Omar Faridi  |  

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know… Read More

July 21, 2021 @ 7:16 pm By Tony Zerucha  |  

New data released this week by Kaspersky shows even Africa is not immune from cyber attacks. While not considered a hotbed of financial opportunity, many African countries are seeing attacks at rates similar to the global average of one out of every 10 computers in… Read More

July 21, 2021 @ 5:19 pm By Tony Zerucha  |  

Credit card use may be falling out of favor with American consumers, results of a new survey by global payments Fintech GoCardless suggest.  Three out of four respondents (76 percent) would like to decrease their credit card use while 77 percent prefer debit cards to… Read More

July 21, 2021 @ 4:18 pm By Tony Zerucha  |  

Ripple better up its game if it wants to stay top of mind when it comes to settlement systems, the CEO of tokenization platform STASIS warns. STASIS is a tokenization platform, including smart contract creation, that claims deep expertise in the current regulatory environment. It… Read More

July 21, 2021 @ 4:09 pm By Tony Zerucha  |  

A new report from ABI Research predicts neobanks and challenger banks will nearly quadruple their number of accounts over the next five years The top 57 neo and challenger banks should grow their accounts from the 2020s 155 million to 590.6 million by 2026 due… Read More

July 21, 2021 @ 11:49 am By JD Alois  |  

Savings interest rates have hit record lows says Raisin citing ECB data. According to the ECB, retail interest rates in the eurozone have dropped to 0.16% on average, the lowest average interest rate on record.  If you are a corporation, things get worse as businesses… Read More

July 21, 2021 @ 11:25 am By JD Alois  |  

Revolut, a neo-bank currently serving over 16 million customers, has added a new travel feature, “Stays,” that it expects to provide £70 million to its customers in a 10% cashback scheme for UK and European customers. As the world attempt to turn the corner on… Read More

July 21, 2021 @ 11:02 am By JD Alois  |  

Yesterday, the European Commission announced an update to the European Union’s anti-money laundering and countering terrorism financing (AML/CFT) rules. Part of the update is a requirement that anonymous crypto asset wallets will be prohibited. Additionally, the Commission is creating a new  EU AML Authority (AMLA)…. Read More

July 21, 2021 @ 10:17 am By Omar Faridi  |  

Seven in 10 institutional investors are now expecting to purchase or invest in digital assets in the future, and over 90% of those interested in these financial instruments expect to have an allocation in their institution’s or clients’ portfolios “within the next five years.” This,… Read More

July 21, 2021 @ 10:14 am By JD Alois  |  

Fabrick, an Open Banking Fintech and Prometia, a company offering wealth management solutions, have joined to launch the Global Investment Portfolio, a digital wealth management solution that utilizes artificial intelligence (AI) as well as Open Banking tech. According to a release, the two companies have… Read More