Global

July 21, 2021 @ 7:42 am By Omar Faridi  |  

Railsbank, an established global embedded finance solution provider, and Visa (NYSE: V) are joining forces to promote local Fintech services, with Railsbank becoming a Visa Ready Banking Identification Number (BIN) sponsor. This, according to an update shared by Finextra. Through the BIN sponsor program, all… Read More

July 21, 2021 @ 7:39 am By Omar Faridi  |  

After the formation of SIX SIS USA Inc. and with the launch of its US-based office, SIX has decided to a take strategic step forward in its global expansion plan. As a trusted Financial Market Infrastructure currently operating the Central Securities Depository (CSD) in Switzerland… Read More

July 21, 2021 @ 2:38 am By Omar Faridi  |  

As embedded finance continues to transform the financial services sector, Currencycloud questions how banks will shape that future. The cross-border payments Fintech notes that this is the question “on the minds of industry insiders — and with the rise of embedded finance, it’s never been… Read More

July 21, 2021 @ 2:00 am By JD Alois  |  

Solda has raised $180 million in a Series C funding round led by Singapore-based Temasek. The European pay and spend automation platform reports that the investment round is the largest in its category to date. The funding round included new investors Sunley House Capital, Advent… Read More

July 21, 2021 @ 12:44 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, has released their Weekly Hash Report, dated July, 19 2021. As noted in the report from BitOoda, hashrate or the amount of… Read More

July 20, 2021 @ 11:06 pm By Priyanka Pani  |  

pinBox, a global PensionTech working towards providing digital micro-pension and social security inclusion, has raised $ 1 million in funding from Venture Catalysts (Vcats), an integrated incubator, along with accelerator fund 9unicorns. Founded in 2016 by industry veterans Parul Seth Khanna and Gautam Bhardwaj, pinBox… Read More

July 20, 2021 @ 11:01 pm By Omar Faridi  |  

Enjin has reportedly joined the United Nations Global Compact in order to promote sustainability and equality. Enjin says that it is committed to the UN Global Compact corporate responsibility initiative and its principles “in the areas of human rights, labor, the environment and anti-corruption.” Enjin,… Read More

July 20, 2021 @ 10:11 pm By Tony Zerucha  |  

Biometric Fintech Zwipe and ICPS, an international card payment processor and card personalization bureau, together are bringing Zwipe Pay ONE-enabled biometric payment cards to African and Asian banks. They will be equipped with fingerprint sensors. Zwipe will contribute its biometric ISO contact plate module, passive… Read More

July 20, 2021 @ 9:06 pm By Priyanka Pani  |  

Over the last few months, platforms that have been providing non-dilutive financing or revenue-based financing are attracting several large venture capital firms globally. One such platform is US-based fintech Capchase that has raised $280 million in debt and equity funding from i80 Group. The Spanish-American… Read More

July 20, 2021 @ 4:57 pm By JD Alois  |  

CoinFund says it has closed on its 3rd VC fund in an oversubscribed offering that raised $83 million, according to a note from the company. CoinFund stated that the raise was backed by Venrock partners as well as a number of other institutional investors and… Read More

July 20, 2021 @ 4:46 pm By Tony Zerucha  |  

Don’t say she didn’t warn you, GlobalBlock sales trader Alexandra Clark said in her latest research notes. As Bitcoin continued plummeting, contributing to the downward spiral was the lacklustre performance of crypto stock Galaxy Digital Holdings, which shed 63 percent of its value from its… Read More

July 20, 2021 @ 11:27 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (July 19) that for the week ending July 19,… Read More

July 20, 2021 @ 11:05 am By JD Alois  |  

The European Commission has updated the European Union’s anti-money laundering and countering terrorism financing (AML/CFT) rules. Included in the new policy is a requirement that anonymous crypto asset wallets will be prohibited. Along with the new policy on AML/CFT is the creation of a new… Read More

July 20, 2021 @ 10:47 am By Xu Gao  |  

Alibaba Establishes Digital Agricultural Subsidiary According to information from Tianyancha, Alibaba Digital Agriculture (Shandong) Co., Ltd. was established on July 12th, with a registered capital of 10 million yuan. This company is a fully owned subsidiary of Alibaba (Shanghai) Co., Ltd. Its business scope includes… Read More

July 20, 2021 @ 10:01 am By Omar Faridi  |  

IslamicFinanceGuru has secured £3.0 million in capital through a round led by Outward VC. Outward says it is pleased to confirm their investment in IFG, the UK-headquartered Islamic finance platform. Other investors include B&Y Venture Partners and angels. The platform has been designed to offer… Read More

July 20, 2021 @ 8:39 am By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that many investors active on their platform will know that they have an AutoLend feature that enables lenders to make automatic investments. Blend Network explains in a blog post that these auto investments can be made… Read More

July 20, 2021 @ 2:33 am By Omar Faridi  |  

CLS, a financial market infrastructure service offering settlement, processing and data solutions across the international foreign exchange (FX) ecosystem, has welcomed updates to the FX Global Code – which aim to place more emphasis on the use of payment-versus-payment (PvP) settlement mechanisms where accessible, while… Read More

July 20, 2021 @ 1:17 am By Priyanka Pani  |  

In a strange turn of events that could negatively impact the crypto sector, two well-known founders and critical architects from the industry have called quits. In four days, Jackson Palmer, co-founder of cryptocurrency Dogecoin, and Anthony Di Iorio, co-founder of Etheruem have decided to quit… Read More

July 20, 2021 @ 1:00 am By JD Alois  |  

The Future Fund: Breakthrough, opens today for applications.  The new programme was revealed by the Chancellor of the Exchequer, Rishi Sunak, during the budget speech this past spring. The £375 million scheme is designed to encourage private investors to co-invest with the government in high-growth… Read More

July 19, 2021 @ 10:47 pm By Omar Faridi  |  

Compass Mining, an online marketplace for Bitcoin mining hardware and hosting, recently revealed that it has launched a real-time status updates page for cryptocurrency miners in order to monitor the uptime of Compass hosting facilities across the globe. As noted in an update from Compass,… Read More