Global

March 22, 2021 @ 10:10 am By JD Alois  |  

Judith Hartley, CEO of British Patient Capital, believes the UK can do better in providing access to capital for younger tech firms. More specifically, as firms grow there is a need to facilitate funding sufficient to take a company to a point that it may… Read More

March 22, 2021 @ 8:06 am By Samantha Hurst  |  

Plug and Play recently announced it has joined forces with UK-based fintech Finastra to help expand the FusionFabric.cloud platform for open innovation. Plug and Play reported that through the collaboration, it will support Finastra with the ultimate goal of bringing more fintechs to the platform to bring… Read More

March 22, 2021 @ 7:57 am By Lee Schneider  |  

CryptoUK issued a clarion call to the Financial Conduct Authority (FCA), the UK financial and anti-money laundering (AML) regulator, demanding that FCA grant licenses as prescribed by AML rules.  Too many applications have gone unanswered since those rules came into effect over one year ago. … Read More

March 22, 2021 @ 7:34 am By Omar Faridi  |  

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More

March 22, 2021 @ 7:31 am By Omar Faridi  |  

European peer to peer lending platform Bondora confirmed in a blog post on March 19, 2020, that its performance remained steady during the month of February 2021. While commenting on its annual performance, Bondora notes that the return rate remained steady at 17.4% for the… Read More

March 22, 2021 @ 7:28 am By JD Alois  |  

Zopa, a digital bank, has raised £20 million from existing investors, according to a release from the company. The Fintech said this is an indication of confidence in the initial success of its bank launch and growth of its latest products. The round was led… Read More

March 21, 2021 @ 11:19 pm By Omar Faridi  |  

Blockchain security firm CipherTrace has provided an analysis on the proposed Financial Action Task Force (FATF) guidance for digital assets and virtual asset service providers (VASPs). On March 19, 2021, global anti-money laundering watchdog, the FATF, released a public consultation for its latest Draft Guidance… Read More

March 21, 2021 @ 10:24 pm By Omar Faridi  |  

  Milind Mehere, founder and CEO of YieldStreet, a digital wealth management platform that aims to transform the way financial products are delivered and how wealth is created, notes that the world had to deal with major challenges during last year’s “roller coaster ride” due… Read More

March 21, 2021 @ 9:15 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that the market capitalization for its stablecoin USDC has now exceeded $10 billion. More than 2 years after introducing the compliant and regulated “digital dollar” stablecoin, growth “continues to accelerate as shifting macroeconomic trends and exploding innovation in digital… Read More

March 21, 2021 @ 8:30 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that the end of the tax year is now “fast approaching.” This may be a good time to “make the most” of your tax-free allowances on Individual Savings Accounts (ISAs), the Starling team writes in a blog post. Starling… Read More

March 21, 2021 @ 8:14 pm By Omar Faridi  |  

Payoneer Inc., the global payment and commerce-enabling platform, has published a blog post in which it argues that freelancing or the gig economy is “here to stay.” Kareen Friedman (from Payoneer), who focuses on the freelance and service providers sector, writes that it should be… Read More

March 21, 2021 @ 2:21 pm By Omar Faridi  |  

Researchers at Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) have published an update, titled The Future of Payments in which they look into whether Bitcoin (BTC) may offer any value to the financial system. The bank’s research team points out that Bitcoin or BTC’s market capitalization… Read More

March 20, 2021 @ 9:07 pm By Omar Faridi  |  

Capdesk, an equity management solution provider, has acquired £5 million in capital via a Series A extension that was led by Fidelity International Strategic Ventures and MiddleGame Ventures. Capdesk’s latest investment round has come after the firm secured £3 million in funding last year. That… Read More

March 20, 2021 @ 7:37 pm By Omar Faridi  |  

Notabene has teamed up with blockchain analysis firm Chainalysis to bring a “scalable” Travel Rule solution to cryptocurrency-focused businesses. Crypto-related businesses are working consistently to meet updated regulatory guidelines involving counterparty risk. According to a blog post by Chainalysis, the most notable of these requirements… Read More

March 20, 2021 @ 4:41 pm By Omar Faridi  |  

Divvy, a modern payment and expense management platform for businesses, which notably secured $165 million through its Series D funding round, has published a blog post that looks into how small businesses can settle their tax payments. Divvy confirms in its blog post that the… Read More

March 20, 2021 @ 3:45 pm By Omar Faridi  |  

Mastercard (NYSE:MA) reveals that February 2021 was yet another huge month for digital commerce, which increased 54.7% year-over-year (YOY). Mastercard pointed out that despite the “inclement weather” felt across many parts of the country this past month, US retail sales (excluding automotive and gasoline) surged… Read More

March 20, 2021 @ 1:57 pm By Omar Faridi  |  

Visa confirms that a year into the Coronavirus pandemic, digital payments continue to “keep money moving.” The company’s latest report reveals that consumer behavior is changing how businesses sell or market their products in a post-COVID environment. Visa notes that due to the COVID outbreak,… Read More

March 20, 2021 @ 1:29 pm By Omar Faridi  |  

Property finance marketplace LendInvest has published a Case Study, which outlines the process of “stepping in with a £3.6m development exit loan following Covid delays.” You may also view LendInvest’s Development Exit products and complete range of short-term lending options by visiting the company’s intermediaries… Read More

March 20, 2021 @ 12:52 pm By Omar Faridi  |  

Digital asset exchange Binance, which is being investigated by CFTC for a possible violation of US rules, recently explained why people should consider using cryptocurrencies when making cross-border payments. Binance notes in a blog post that traditional borderless transactions can be “cumbersome” with each transfer… Read More

March 20, 2021 @ 11:37 am By Omar Faridi  |  

Currencycloud, a cross-border payment platform, notes that a lot has changed since March 2020, when the financial markets crashed (after awareness about COVID became more widespread). The COVID crisis has led to the largest global upheaval since the past few decades. It has touched the… Read More