Global

June 15, 2021 @ 7:56 am By Omar Faridi  |  

Italy-based Fabrick, an Open Banking ecosystem, is introducing various API-powered solutions that aim to harness the power of Open Finance. Fabrick has developed two different solutions that are reportedly based on Mastercard APIs: InControl for Business and Identity Check Mobile (IDCM). They are used to… Read More

June 15, 2021 @ 7:49 am By Omar Faridi  |  

French Fintech firm Pennylane has acquired €15 million in capital in order to expand its bookkeeping and financial management services. The Pennylane platform has been designed to allow SME owners to view all of their real-time financial data from a single dashboard. Established in 2020,… Read More

June 15, 2021 @ 4:00 am By JD Alois  |  

Crypto exchange Change is reporting having closed a £3.7 million securities crowdfunding at a post-money valuation of £175 million. According to the company’s website, investors had three options to participate in the firm: a securities offering on Funderbeam Purchase CNG tokens that gives you equity… Read More

June 15, 2021 @ 3:17 am By Omar Faridi  |  

The Basel Committee on Banking Supervision, the main international standard-setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters (with 45 members comprising central banks and bank supervisors from 28 jurisdictions), has initiated a public consultation on… Read More

June 15, 2021 @ 2:14 am By Omar Faridi  |  

LexisNexis Risk Solutions, a global data and analytics firm, has published its annual True Cost of Financial Crime Compliance Global Report. The results shared in the new report have been prepared after conducting an extensive survey of 1,015 financial crime compliance decision-makers at established financial… Read More

June 15, 2021 @ 12:58 am By Omar Faridi  |  

London-based DNA Payments Group, the fast-growing “vertically integrated” payments firm, has entered a £100 million deal with Alchemy Partners (Alchemy). With an operations based hub in Kent, DNA presently serves more than 45,000 merchants including established online and offline retailers to SMEs, offering them with … Read More

June 14, 2021 @ 11:08 pm By Priyanka Pani  |  

The UK has emerged as the leading adopter of Open Banking, with it’s clear functionality and widespread mandating of interesting features, such as bulk payments and variable recurring payments, as per new data released by Open Bank firm Yapily. The UK was followed by countries… Read More

June 14, 2021 @ 11:05 pm By Omar Faridi  |  

Roxe, a global payment network, revealed on Friday (June 11, 2021) that it has officially launched  the Roxe Payment Protocol (RPP), which is described as an open, decentralized and peer-to-peer payments protocol developed to offer wholesale foreign exchange rates to individuals, payment firms, banking institutions… Read More

June 14, 2021 @ 10:47 pm By Omar Faridi  |  

BC Technology Group, a digital asset and Fintech-focused firm as well as the parent of OSL, has acquired a $70 million (appr. HKD 543.19 million) investment from Singapore’s GIC, the city-state’s sovereign wealth fund. BC Technology Group says it’s planning to further develop and improve… Read More

June 14, 2021 @ 10:37 pm By Priyanka Pani  |  

Crown Agents Bank, a UK-regulated provider of wholesale foreign exchange and cross-border payments services has appointed a new Head of Fintech and Chief Commercial Officer. According to a statement from the company, David Mountain has joined the bank as Executive Vice President (EVP) and Head of… Read More

June 14, 2021 @ 10:37 pm By Omar Faridi  |  

Tyler Winklevoss, CEO at digital asset firm Gemini, recently noted that the company is pleased to confirm that they have completed the acquisition of Shard X, a developer of secure multi-party computation (MPC) cryptographic technology. As mentioned in the announcement, Gemini will be integrating Shard… Read More

June 14, 2021 @ 10:08 pm By Omar Faridi  |  

Digital asset firm Kraken notes that customers looking to support their “favorite” Kusama projects can now, “for the first time,” take part in Parachain Slot Auctions (or “Parachain Auctions”) directly via the Kraken platform. Kusama is described as a “scalable” network of specialized or purpose-built… Read More

June 14, 2021 @ 10:07 pm By Omar Faridi  |  

B4B Payments, a multinational prepaid payments provider, has chosen Banking Circle to offer  payments infrastructure to support its corporate banking services. Offering prepaid solutions to businesses for over 15 years, Financial Conduct Authority (FCA) approved B4B Payments enables companies to effectively manage their finances, which… Read More

June 14, 2021 @ 9:56 pm By Omar Faridi  |  

Lloyds Banking Group plc (LON: LLOY), a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009 and one of the UK’s largest financial services organizations, with 30 million customers and 65,000 employees, has confirmed that David Gledhill will be joining… Read More

June 14, 2021 @ 6:24 pm By Omar Faridi  |  

US-based Broadridge Financial Solutions (NYSE: BR), a tech solutions provider, revealed on Monday (June 14, 2021) that it has managed to acquire AdvisorStream, a leading provider of digital engagement and marketing solutions for the international wealth and insurance sectors. The terms of the transaction have… Read More

June 14, 2021 @ 3:41 pm By Omar Faridi  |  

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

June 14, 2021 @ 3:24 pm By Priyanka Pani  |  

Founder-first VC Meron Capital on Monday announced the close of its $50 million second fund Meron II.  The second fund will invest in 18-20 early-stage deep-technology software startups led by Israeli entrepreneurs. According to a note from the company, the fund will focus on startups… Read More

June 14, 2021 @ 3:20 pm By Priyanka Pani  |  

Amsterdam-headquartered Adyen (AMS: ADYEN) is on an expansion spree. After entering the Middle East market, the company has now received a banking branch charter in the United States to establish a Federal Foreign Branch, the company said. Banking licensing overseer, the Office of the Comptroller of… Read More

June 14, 2021 @ 8:30 am By Omar Faridi  |  

The Swiss National Bank, the Banque de France and the BIS Innovation Hub and a private sector consortium being led by Accenture will be carrying out a pilot program by using wholesale central bank digital currencies (CBDCs) for settling cross-border transfers. The private sector consortium… Read More

June 14, 2021 @ 8:30 am By Tony Zerucha  |  

With most areas of finance exploring tokenization, it was only a matter of time before somebody applied it to the courts. Swiss litigation finance fund Liti Capital is expected to soon launch the LITI token, as an asset-backed equity token. That backing comes from ongoing… Read More