Global

July 31, 2021 @ 2:29 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis has added advanced investigation and compliance support for six more widely-used ERC-20 tokens. All six crypto tokens are decentralized finance or DeFi related and five of them “specifically belong to top DeFi protocols,” the blockchain firm noted in a recent update…. Read More

July 31, 2021 @ 9:06 am By Omar Faridi  |  

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More

July 31, 2021 @ 9:04 am By Omar Faridi  |  

Latvia-based P2P lending platform Sun Finance has exceeded the €1 billion (appr £851.7 million) milestone in the total loans provided. The company reveals that it’s on track to end 2021 with €200 million in earnings. Established in January 2017, the Sun Finance platform has managed… Read More

July 30, 2021 @ 11:01 pm By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More

July 30, 2021 @ 7:25 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, had secured $150 million in capital in June of this year. Addepar‘s management recently revealed that they’re planning to further expand business operations outside the US. The company confirmed that it’s hiring… Read More

July 30, 2021 @ 5:23 pm By Omar Faridi  |  

Transcend, an established provider of analytics, optimization, and automation for collateral, liquidity, and funding, has reportedly hired Rajen Patel who will be leading European sales, strategy and the firm’s ongoing expansion efforts. As Transcend continues to expand its international presence and customer base, it is… Read More

July 30, 2021 @ 4:11 pm By Omar Faridi  |  

The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More

July 30, 2021 @ 4:06 pm By Omar Faridi  |  

IuteCredit, a European personal finance firm, has shared its unaudited results for the first 6 months of 2021. As noted by the Mintos team, luteCredit has reported its operational, strategic, and financial highlights of its business, as well as comments from its Chief Executive. Operational… Read More

July 30, 2021 @ 11:15 am By Omar Faridi  |  

SKALE Network, the multichain network of “unlimited” Ethereum blockchains for powering Web 3.0 today, has initiated a roll out of the first decentralized applications (dApps) to go live on Mainnet. As mentioned in an update shared with CI, the release of the SKALE IMA bridge… Read More

July 30, 2021 @ 11:11 am By JD Alois  |  

Earlier this week, a tidal turbine went online generating sufficient power to provide enough electricity for 2000 homes. Towed and anchored off the coast of Scotland, the Orbital O2 is predicted to operate for around 15 years. The project came to fruition with the assistance… Read More

July 30, 2021 @ 10:43 am By JD Alois  |  

FT Partners, the leading boutique investment in the Fintech sector, has distributed its own spin on Fintech venture funding. Recently, CI covered CBInsights’ report on Fintech funding, and FT Partners concurs. Fintech is booming during the first half of 2021 fueled in part by the… Read More

July 30, 2021 @ 7:56 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More

July 30, 2021 @ 7:48 am By Omar Faridi  |  

The team at European P2P lending service provider Bondora notes that while return rates on their platform originations declined in June when compared to figures from May 2021, returns over the most recent few years “were still above their target rates.” The Bondora team has… Read More

July 29, 2021 @ 10:08 pm By Tony Zerucha  |  

Israeli blockchain firm Kirobo has launched the P2P Swap Button, a decentralized service enabling truly peer-to-peer token swaps without the need for an exchange or custodial OTC party. Users can set their own token prices with the off-exchange platform, allowing them to avoid the slippage… Read More

July 29, 2021 @ 9:40 pm By Tony Zerucha  |  

Recent activity in China is having global effects, the CEO of Sun Global Investments said. Earlier this week global stocks retreated following Chinese equity declines over three consecutive sessions that saw CSI 300 of Shanghai and Shenzhen listed companies close 3.5 per cent lower while… Read More

July 29, 2021 @ 6:15 pm By Tony Zerucha  |  

Bender Labs and Plenty DeFi are rewarding users of the Tezos DeFi ecosystem. Plenty will create a $PLENTY pond where users can stake $PLENTY tokens to earn $WRAP governance tokens as rewards (Bender Labs launched Wrap Protocol). At the same time Wrap Protocol will create… Read More

July 29, 2021 @ 2:48 pm By Tony Zerucha  |  

While the Americans and Chinese have more collective wealth, it is the Swiss who are the richest per capita, new numbers from BuyShares.co.uk show. The Swiss have average per capita wealth of $674,000, which is 33 per cent more than the USA or Hong Kong…. Read More

July 29, 2021 @ 12:23 pm By Omar Faridi  |  

68% of wealth management customers in the post-COVID world are expecting a fully digital onboarding experience, according to an update from OneSpan, a company specializing in digital identity and anti-fraud solutions that “create exceptional and secure experiences.” OneSpan, which supports risk-based adaptive authentication and digital… Read More

July 29, 2021 @ 11:04 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) and Finastra have announced that they are bringing the trade funding marketplace pilot to Ecuador. ICC TRADECOMM – designed to tap into the international $1.5 trillion trade finance gap – should enable local SMEs to unlock new financing options…. Read More

July 29, 2021 @ 10:35 am By JD Alois  |  

Payment service PayU has announced a partnership with Visa. According to a release, PayU is launching its Card Push service to provide businesses with efficient payments. By leveraging Visa Direct, a real-time push payments platform, businesses using PayU Card Push will be able to instantly… Read More