Global

July 10, 2021 @ 7:24 pm By Omar Faridi  |  

The European Commission reveals that it has approved the merger request from the P27 Nordic Payments initiative in order to form its pan-Nordic payments platform. This latest approval from the European Commission marks a key milestone for the project which is focused on working towards… Read More

July 10, 2021 @ 4:57 pm By Omar Faridi  |  

After selling its proprietary lending technology to banking institutions, Funding Xchange has decided to launch an FXE Technology unit. The FXE Technology division for lenders will offer affordability and eligibility assessments, along with portfolio monitoring services after loans have been issued. Funding Xchange Co-founder and… Read More

July 10, 2021 @ 1:31 pm By Omar Faridi  |  

Promsvyazbank and Tochka, a Fintech-focused service for SMEs, reportedly began using an Open Banking API implemented by the Bank of Russia and the Russian Fintech Association (RFA). They’ve passed the tests at the Open API Certification Stand, which is being operated by the Russian Fintech… Read More

July 10, 2021 @ 12:28 pm By Tony Zerucha  |  

Australian blockchain-based voting and engagement platform Horizon State will soon start an equity crowdfunding offering on the Equitise platform. Funds will go to staffing, technology, expansion, and other sectors. Horizon State has developed a digital voting and engagement platform that facilitates secure and remote public… Read More

July 10, 2021 @ 11:27 am By Omar Faridi  |  

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

July 9, 2021 @ 5:27 pm By Omar Faridi  |  

BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million). This move has been announced ahead of AirAsia‘s plans to offer a Super app… Read More

July 9, 2021 @ 2:51 pm By Omar Faridi  |  

The last generation ONE wallet, a newly-launched mobile wallet by Postbank Bulgaria, a member of the Eurobank Group, is the latest service created with assistance from global tech firm, Software Group . Based on Software Group’s Mobile Wallet platform, ONE wallet is a last-generation high-tech… Read More

July 9, 2021 @ 1:41 pm By Tony Zerucha  |  

Two European technology firms are teaming up to help companies understand how much impact individual decisions have on the environment. DirectID assesses credit risk through the application of real-time bank data and can identify issues related to affordability, income, account verification, emerging financial distress and… Read More

July 9, 2021 @ 11:29 am By JD Alois  |  

Following the announcement from Barclays that it would no longer allow transfers to the world’s largest crypto exchange Binance, Santander has announced it will do the same. As posted on the Santander website, the bank explains: We’re stopping payments to Binance for your protection We… Read More

July 9, 2021 @ 9:36 am By Omar Faridi  |  

Square Inc (NYSE: SQ) will reportedly be developing a hardware wallet for Bitcoin (BTC), the payments giant revealed on Thursday (July 8, 2021). We’re doing it #Bitcoin https://t.co/IwbKuBoXGv — jack (@jack) July 8, 2021 Square’s announcement came after US Senator Elizabeth Warren cautioned about the… Read More

July 9, 2021 @ 8:49 am By JD Alois  |  

JustUs, a UK-based peer-to-peer lender, says it has updated its investment platform is ready to expand its services into both Europe and the US. According to a post by JustUS founder and CEO Lee Birkett, crowdfunding will be available in the US later in July:… Read More

July 9, 2021 @ 8:33 am By JD Alois  |  

SeedBlink,  an investing platform specialized in sourcing, vetting, financing, and scaling European tech start-ups, has received a €1.2 million investment from Catalyst Romania Fund II as the lead in a Series A €3 million funding round, according to a note from the company. SeedBlink reports… Read More

July 9, 2021 @ 8:15 am By Omar Faridi  |  

London-headquartered Hudson Fintech, a Capital Markets tech company, has teamed up with 1066NOW, an Oracle Partner, in order to offer the Hudson Edge platform to financial institutions that are currently using Oracle’s suite of products. Through the partnership, 1066NOW’s Banking Integration Application (BIA) will aim… Read More

July 9, 2021 @ 1:30 am By Omar Faridi  |  

Modulr, a Payments as a Service API Platform for digital businesses, notes that they work hard every day to make sure that all of the client communications are clear. The UK-based Fintech is also committed to playing its part in enhancing established standards across the… Read More

July 9, 2021 @ 1:28 am By Omar Faridi  |  

Digital banking platform Revolut notes that they already know that Revoluters are “exceptional people.” However, the Fintech firm points out that what makes its team extraordinary is how well they have adapted to remote work in a post COVID environment. Revolut writes in a blog… Read More

July 9, 2021 @ 12:24 am By Omar Faridi  |  

Full-service payment service provider (PSP) of local digital payment solutions, Paymaster24, has reportedly chosen Banking Circle in order to improve its existing service proposition for merchants. Importantly, the collaboration with Banking Circle should assist Paymaster24 with speeding up payments while offering additional currencies to its… Read More

July 8, 2021 @ 11:56 pm By Tony Zerucha  |  

The European Union’s proposed Markets in Crypto Assets (MiCA) Regulation will bring new opportunities for crypto-asset service providers (CASP), the CEO of one such company believes. In the European Union, digital assets are currently regulated through a combination of the Fifth Anti-Money Laundering Directive (5AMLD)… Read More

July 8, 2021 @ 11:32 pm By Omar Faridi  |  

GoCardless, an established Fintech firm offering account-to-account payments, has teamed up with Pennylane, a financial management and accounting platform for firms and their accountants. Through the partnership, the companies will provide SMEs and early-stage ventures with an easy and intuitive way to manage and collect… Read More

July 8, 2021 @ 11:17 pm By Omar Faridi  |  

Taproot has now been locked in and should activate in November of this year. Taproot is the name of various technological innovations that have all been bundled together. When they are activated, they should make Bitcoin (BTC) transactions significantly cheaper and also more private, along… Read More

July 8, 2021 @ 9:28 pm By Omar Faridi  |  

Workmate, a Southeast Asian Workforce Management Platform and marketplace for informal workers, has reportedly acquired a senior secured loan of “up to $10 million” from Lendable Inc., a provider of debt to Fintechs in emerging and frontier markets. As mentioned in the announcement: “A committed… Read More