Global

March 17, 2021 @ 11:18 pm By JD Alois  |  

BPC Technology’s payment division, O-City, is partnering with the Philippines’ Land Bank of the Philippines to pilot the country’s digital payments in Public Utility Vehicles such as buses and jeepneys. O-CITY is expected to ensure urban transit systems are interoperable and travelers can pay seamlessly… Read More

March 17, 2021 @ 9:33 pm By Omar Faridi  |  

Digital assets firm CoinShares has released its weekly Fund Flows Report (on March 15, 2021). The digital asset fund flows report notes that crypto-asset investment products closed on Friday (March 12, 2021) with an all-time record $55.8 billion AUM – which came after positive price… Read More

March 17, 2021 @ 7:33 pm By Omar Faridi  |  

Juniper Research recently published a report titled, “The Role of Regtech in a Post-Pandemic World.” Juniper Research notes that during the past few years, the concept of Regtech or regulatory technology has taken on a lot of importance within the financial services sector and in… Read More

March 17, 2021 @ 10:05 am By Samantha Hurst  |  

  Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, announced on Wednesday it has joined force with global digital payments giant PayPal. Flutterwave reported that through the partnership, PayPal customers will be enabled to… Read More

March 17, 2021 @ 8:37 am By JD Alois  |  

The French Autorité des Marchés Financiers (AMF) has distributed its position on the European Commission’s consultation on Alternative Investment Fund Managers Directive (AIFMD). The AIFMD seeks to create a level playing field across Europe for Alternative Investment Funds (AIF) and is part of the overal… Read More

March 17, 2021 @ 8:13 am By JD Alois  |  

Bitcoin Suisse AG has been denied by the Swiss Financial Market Supervisory Authority (FINMA) in its application for a banking license.  Bitcoin Suisse submitted an application for a Swiss banking license in July 2019. According to a statement by FINMA, the bank license application was… Read More

March 17, 2021 @ 7:55 am By Omar Faridi  |  

UK-headquartered digital banking challenger Revolut says it will be suspending its business operations in Canada, a move that has come just 18 months after the Fintech launched a beta version of its services in the North American country. BetaKit, which keeps track of Canadian tech… Read More

March 16, 2021 @ 11:33 pm By Omar Faridi  |  

Ant Group, the Fintech division of digital commerce giant Alibaba Group Holding Limited (NYSE: BABA), has made a commitment to become carbon neutral by 2030. Ant Group’s management stated that to achieve the carbon neutral target within the coming decade will involve establishing a carbon… Read More

March 16, 2021 @ 10:39 pm By Omar Faridi  |  

Proof of stake or PoS based blockchain consensus may be coming to Ethereum (ETH), the leading smart contract platform, “sooner than we think” according to a blog post published by ConsenSys, a leading distributed ledger tech (DLT) development studio based in New York. The post’s… Read More

March 16, 2021 @ 10:01 pm By Omar Faridi  |  

Assetz Capital, a peer-to-peer lender that originates secured loans, recently promoted Andrew Fraser to its UK Director for the North. The new appointment comes as the firm plans to focus on driving more lending to small businesses after exceeding the £1 billion mark in 2020…. Read More

March 16, 2021 @ 4:38 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics Team note that on March 12, 2020, amid the growing panic over the rapid spread of the Coronavirus, the Bitcoin (BTC) price had crashed from around $8,000 to below $4,000 during just a 24-hour timeframe. Predictably, the rest of… Read More

March 16, 2021 @ 2:30 pm By Samantha Hurst  |  

  Pagaya, an artificial intelligence (AI) powered investment manager, announced on Tuesday the expansion of the Pagaya AI Debt Selection Trust (PAID) shelf with $900 million committed. According to Pagaya, the demand for this PAID issuance was evidence of investors deeply trusting the platform as… Read More

March 16, 2021 @ 12:03 pm By JD Alois  |  

Draper Goren Holm, a venture capital firm in the digital asset/blockchain sector, is once again hosting the Security Token Summit taking place this month (March 25). The Summit is said to be the largest gathering of digital securities experts in existence seeking to educate and… Read More

March 16, 2021 @ 8:51 am By JD Alois  |  

  eToro, a digital investment platform, has announced it will become a publicly-traded company in a SPAC deal via FinTech Acquisition Corp. V (NASDAQ: FTCV). The deal includes a $650 million common share private placement from investors including ION Investment Group, Softbank Vision Fund 2,… Read More

March 16, 2021 @ 8:10 am By JD Alois  |  

Digital investment platform Bitpanda has raised $170 million in a Series B funding giving the company a $1.2 billion valuation making it Austria’s first unicorn. The Vienna-based company says the round is one of the largest Series B investments ever in Europe. The round was… Read More

March 16, 2021 @ 2:30 am By JD Alois  |  

OurCrowd has revealed that NTT Finance, a subsidiary of NTT Group (Nippon Telegraph and Telephone), will establish NTT Finance Israel LP in partnership with OurCrowd. According to OurCrowd, NTT Finance will initially commit $15 million for a dedicated investment program. OurCrowd will provide early access… Read More

March 16, 2021 @ 1:32 am By Omar Faridi  |  

Peer-to-peer lending marketplace Mintos reveals that on 1 March 2021, Mogo Latvia had issued bonds valued at €30 million, thus managing to successfully complete the largest bond issue in recent years by a private firm via the Nasdaq Riga Stock Exchange. On March 11, 2021,… Read More

March 15, 2021 @ 11:25 pm By Omar Faridi  |  

UK-based Diem, a startup that aims to combine traditional banking with a service that allows users to sell their unwanted items to the company, has secured $5.5 million in capital via a seed round that was led by Fasanara Capital. Diem provides a user account,… Read More

March 15, 2021 @ 10:45 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that McKinsey has found that around $800 billion to $2 trillion has been laundered annually via the international banking system. Banking Circle reveals that criminals keep using more sophisticated methods to launder funds, which may put the reputations… Read More

March 15, 2021 @ 10:09 pm By JD Alois  |  

OurCrowd portfolio company SaNOtize says that a UK clinical trial has delivered solid results as COVID-19 treatment. A self-administered nasal spray is said to reduce the viral load by more than 95% in 24 hours and by 99% in 72 hours. Trial results indicated that… Read More