Global

May 18, 2021 @ 10:17 pm By Omar Faridi  |  

UK-based consumer group Which? has asked local banking institutions and building societies to release figures on the number or percentage of clients they refund for authorized push payment (APP) fraud. APP scams have been increasing during the Coronavirus crisis, with losses reaching almost half a… Read More

May 18, 2021 @ 9:37 pm By Omar Faridi  |  

SmartSearch, an anti-money laundering (AML) solution provider, has reportedly entered the non-regulated market with the launch of a product that’s a part of its business growth strategy. The Ilkley, West Yorkshire-based Regtech firm reports that it recorded its most successful year to date in 2020…. Read More

May 18, 2021 @ 9:03 pm By JD Alois  |  

Prospa Group Limited (ASX: PGL ) has topped $2 billion in lending to SMEs in Australia and New Zealand. In a public statement, Prospa said the milestone arrived after a solid increase in loan originations due to pent-up demand from small businesses. For the month… Read More

May 18, 2021 @ 8:09 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) services are becoming increasingly popular across the globe. The BNPL market is valued at around £2.7 billion in the United Kingdom. Although postponing payments might appear to be useful for security and in many instances provides other benefits depending on… Read More

May 18, 2021 @ 2:29 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics team have noted in their latest State of the Network Report that after Elon Musk helped drive the Bitcoin (BTC) price to around $60,000 (three months back), he’s now managed to send the volatile digital currency markets in the opposite… Read More

May 18, 2021 @ 12:00 pm By Omar Faridi  |  

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

May 18, 2021 @ 9:35 am By JD Alois  |  

Judith Hartley, CEO of British Patient Capital – a subsidiary of the British Business Bank, has commented on the lack of UK institutional capital going into venture capital. British Patient Capital manages a £2.5 billion investment program that seeks to facilitate £5 billion of institutional… Read More

May 18, 2021 @ 7:57 am By Samantha Hurst  |  

    Global fintech infrastructure platform, Nium, announced on Monday the launch of its maritime payments solution. According to Nium, the solution was created to digitize the payments experience for shipping companies, their management, seafarers, and their families.  “The Nium maritime payment solution leverages the company’s… Read More

May 18, 2021 @ 7:37 am By Omar Faridi  |  

Legal technology (Legaltech) company Exizent has teamed up with Experian in order to automate the asset discovery process that’s involved in probate. Through their partnership, Exizent and Experian aim to pave the way for future institution connectivity, with the goal of making routine processes a… Read More

May 18, 2021 @ 6:52 am By Omar Faridi  |  

Sweden’s Open Banking Fintech Tink has reportedly acquired German equivalent FinTecSystems. The latest acquisition by Tink should help the firm further expand its business operations across Europe. FinTecSystems aims to offer advanced data analytics, digital or online account checks, account aggregation and also supports Open… Read More

May 18, 2021 @ 6:50 am By Omar Faridi  |  

UK-headquartered money app provider Ziglu, which was developed by Mark Hipperson, a founder of Starling Bank, and enables clients to purchase, hold and sell various digital currencies, is reportedly expanding its list of supported crypto-assets it offers with Chainlink (LINK). The addition of LINK, which… Read More

May 17, 2021 @ 12:30 pm By JD Alois  |  

Getsafe is an emerging Insurtech based in Germany with international aspirations. This past December, Getsafe announced a $30 million funding round led by Swiss Re – bringing the company to $53 million in total funding. It was recently reported that Getsafe is looking to raise… Read More

May 17, 2021 @ 9:46 am By JD Alois  |  

Invesdor has announced a new securities offering for shares in Foodtech NEOH while simultaneously stating they are “setting new standards in digital financing in Germany.” In 2019, the Nordic equity crowdfunding operation Invesdor Oy merged with German SME finance specialist Finnest. Invesdor is now pursuing… Read More

May 17, 2021 @ 8:41 am By JD Alois  |  

EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, has closed its securities offering on Seedrs having raised €1,393,817 from 938 investors in just nine days on Seedrs – closing ahead of schedule. As was previously reported,… Read More

May 17, 2021 @ 7:38 am By Omar Faridi  |  

Yusef Jacobs, the 28-year-old Founder and Chief Executive at Graviti, aims to transform microfinance by allowing consumers to gain access to essential appliances. Jacobs believes that people who might not have a lot of funds will still pay for items they really need. Jacobs has… Read More

May 17, 2021 @ 7:35 am By Omar Faridi  |  

Tesla and SpaceX CEO Elon Musk, who has a net worth of almost $150 billion (second only to Amazon founder Jeff Bezos at $187 billion) at the time of writing, has clarified that Tesla has not sold any of its Bitcoin holdings. Musk confirmed in… Read More

May 17, 2021 @ 7:32 am By Omar Faridi  |  

Manchester-based B-North, the challenger developing an SME lending bank for the United Kingdom, has hired five more professionals to support its finance and risk departments. David Travis has joined as B-North’s Secretary and General Counsel, Andrea Harrison will be serving as Head of Financial Reporting… Read More

May 16, 2021 @ 11:48 pm By Omar Faridi  |  

UK-based Paysend, a Fintech firm with the goal to develop the “next generation” of integrated global payment solutions that will save time, money and serve millions, has announced that it will be expanding its operations to the APAC region. Paysend reports reaching over 3.5 million… Read More

May 16, 2021 @ 11:17 pm By Omar Faridi  |  

The way in which payments are conducted has been gradually changing but the shift towards all-digital platforms has accelerated following the COVID-19 outbreak. As noted in a recent report from Juniper Research: “The number of and the success of online retailers has been growing, and… Read More

May 16, 2021 @ 7:09 pm By Omar Faridi  |  

LendInvest, a property finance Fintech, notes that embedding technology throughout their lending process has been “key to making your deals complete quicker and more efficiently.” During the past few months, LendInvest has been working on bringing its clients a broker portal that will see the… Read More