Global

May 21, 2021 @ 5:54 pm By Omar Faridi  |  

Sanctions research from blockchain security firm CipherTrace reveals that over 72,000 “unique” Iranian IP addresses have been linked to over 4.5 million “unique” Bitcoin (BTC) addresses. CipherTrace notes that since monitoring sanctions-related IP usage across the Bitcoin (BTC) blockchain network, they’ve been able to identify… Read More

May 21, 2021 @ 2:16 pm By Omar Faridi  |  

Chainalysis, the blockchain analysis firm, revealed on Thursday (May 20, 2021) that it has launched Chainalysis Business Data, which is described as a “first-of-its-kind” data offering to assist digital asset exchanges and other Fintechs that provide crypto-related services. Chainalysis Business Data should allow service providers… Read More

May 21, 2021 @ 9:04 am By JD Alois  |  

Earlier this week, the UK Financial Conduct Authority issued a “Dear Chief Executive” letter to payment and e-money firms warning about adequate disclosure when it comes to affiliated risk and consumer money. Some Fintechs provide similar services as banks while not being fully regulated as… Read More

May 21, 2021 @ 8:14 am By Omar Faridi  |  

Ireland’s B2B card payments Fintech CleverCards has finalized a €10 million funding round. The company has also acquired a European Money Institution license via the acquisition of spend management service provider, ExpendiaSmart. Since introducing its payments platform back in December 2019, CleverCards has managed to… Read More

May 21, 2021 @ 7:56 am By Omar Faridi  |  

Revolut Business revealed on Friday (May 21, 2021) that it’s introducing currency forward contracts (FX Forwards) in the United Kingdom. Revolut Business’ FX Forwards will allow firms of any size – from large corporates to single-person businesses – to set future exchange rates via an… Read More

May 20, 2021 @ 11:27 pm By Omar Faridi  |  

Bosch, Ocean Protocol represented by BigchainDB, and Fetch.ai have all joined Catena-X, in order to bring their “collective expertise” in market, mechanism, and token-based incentive design Catena-X is described as an “agile” ecosystem with automotive industry stakeholders. All firms taking part in Catena-X are working… Read More

May 20, 2021 @ 9:47 pm By Omar Faridi  |  

Instant money transfer Fintech Spoko.app reveals that it has teamed up with Sumsub, an ID verification firm that claims to offer bank-grade security. Through their partnership, Spoko.app will aim to enhance fraud protection and lower average user verification time down to a minute, in order… Read More

May 20, 2021 @ 8:40 pm By Omar Faridi  |  

The team at DFINITY, which is described as the Internet Computer and a “revolutionary” blockchain hosting “unlimited” data and computation “on-chain,” (while easily building scalable dapps, DeFi, and websites), reveals that their Internet Computer effectively replaces usernames and passwords with “a more advanced and secure… Read More

May 20, 2021 @ 3:21 pm By Omar Faridi  |  

Blackhawk Network, a global payments provider, has confirmed that product management and payments executive, Cory Gaines, will now be serving as the company’s its Chief Product Officer. Gaines will be expected to lead Blackhawk’s growth and development efforts  in payments products, which includes globalizing the… Read More

May 20, 2021 @ 11:15 am By Omar Faridi  |  

Israel-based ThetaRay, a Fintech firm that enables banking institutions to monitor payment activity in order to identify potential money laundering risks, has secured $31 million in capital via a new funding round. New ThetaRay investors reportedly include Eric Benhamou, investing via Benhamou Global Ventures, and… Read More

May 20, 2021 @ 8:30 am By JD Alois  |  

Digital asset trading platform and crypto mining firm Apifiny has hired Jason Jiang as Chief Technology Officer. Prior to joining Apifiny, Jiang was a Vice President at Goldman Sachs where he led technical development efforts within the company’s Global Markets Division, overseeing Quantitative Trading, Electronic… Read More

May 20, 2021 @ 7:36 am By Omar Faridi  |  

New Zealand’s Buy Now, Pay Later (BNPL) Fintech Laybuy has acquired A$35m in capital in order to expand business operations into the UK markets. Laybuy‘s latest investment round has come as part of a private placement and will be used to make additional investments into… Read More

May 20, 2021 @ 2:12 am By Omar Faridi  |  

Informed.IQ, a tech firm helping financial institutions with instantly and accurately verifying income, assets, residence, and other loan origination data and documents, has reportedly acquired $20 million through a Series A round. The fund raised from the investment round should help Informed.IQ to better address… Read More

May 20, 2021 @ 2:11 am By Omar Faridi  |  

Rabobank, a Dutch multinational banking and financial services group, has reportedly decided to spin off its TreasurUp initiative via a Series A round with assistance from Australia’s cross-border payments Fintech OFX. Rabobank will still be a shareholder in TreasurUp, while management and TreasurUp’s engineering partner… Read More

May 20, 2021 @ 1:07 am By Omar Faridi  |  

DailyPay, the provider of on-demand pay solutions for enterprises, has acquired $500 million in capital. DailyPay has completed a $175 million Series D equity round that was led by Carrick Capital Partners along with contributions from existing investors. DailyPay has also secured $325 million of… Read More

May 20, 2021 @ 12:27 am By Omar Faridi  |  

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More

May 19, 2021 @ 11:47 pm By Omar Faridi  |  

CITCON, the payment gateway provider that offers in-store, online, and mobile payment solutions to over 6,000 brands across the globe, has partnered with Flexa, the “pure-digital” payments network, in order to enable merchants with accepting cryptocurrencies as a payment option. Merchants connected to Citcon will… Read More

May 19, 2021 @ 11:17 pm By JD Alois  |  

The Financial Ombudsman Service (FOS) in the UK has long intermediated disagreements within the financial services sector including investment crowdfunding. A recent decision by the FOS has caused some concern amongst industry insiders as it may challenge the entire crowdfunding model based on the liability… Read More

May 19, 2021 @ 10:56 pm By Omar Faridi  |  

Ledger, a provider of security and infrastructure solutions for digital assets, has hired Iqbal V. Gandham, and Charles Hamel. As mentioned in a release shared with CI, the new hires have joined Ledger from eToro and Opera. They’ll be serving as executive leads at Ledger… Read More

May 19, 2021 @ 2:02 pm By JD Alois  |  

Sweden-based Insurtech Hedvig has announced an expansion across Europe starting with Denmark. Hedvig reports that hundreds of Danes have signed onto Hedvig’s waiting list for a new type of home insurance. The digital-first insurance platform claims that it can manage claims in about eight minutes…. Read More