Global

February 19, 2021 @ 2:11 pm By Omar Faridi  |  

Nina Stoyanova, Deputy Governor and Head of the Banking Department of the Bulgarian National Bank, has noted that digital technologies have significantly changed the financial services provision business, and the payment sector is “the leader in this trend.” Stoyanova notes that the overall speed of… Read More

February 19, 2021 @ 11:07 am By Omar Faridi  |  

The IOTA Foundation has teamed up with Curv Custody in order to expand the IOTA Token Ecosystem. The IOTA developers noted that they’re pleased to confirm that the IOTA token will “soon be available” on Curv’s “industrial-grade” digital asset custody platform. With IOTA’s planned Chrysalis… Read More

February 19, 2021 @ 10:44 am By Oliver Woolley  |  

Social media-hyped stocks took a beating on 18th February, with shares of game retailer GameStop (NYSE:GME) closing at around $40. The share price dove from an all-time high of $483 earlier this month, ending a wild ride for amateur investors still holding their position. The… Read More

February 19, 2021 @ 9:22 am By JD Alois  |  

Brickowner, a property investment platform, has launched a secondary market for securities purchased on their site. Investors may now buy and sell their securities for properties funded on the Brickowner platform. The London-based investment site said this brings liquidity to investments that originated on their… Read More

February 19, 2021 @ 8:51 am By Omar Faridi  |  

BioCatch, a digital identity firm, has revealed that it has acquired a registered US patent for the method it uses to verify a user’s identity and for detecting fraud. According to BioCatch, the verification process is based on the manner in which the user holds… Read More

February 19, 2021 @ 8:38 am By Omar Faridi  |  

As digital assets investing continues to become more widely adopted by institutional clients, Canada is introducing its second cryptocurrency exchange-traded-fund (ETF). The Ontario Securities Commission (OSC) has reportedly approved the second Bitcoin ETF from Evolve Funds, which has come only a few days after the… Read More

February 18, 2021 @ 11:45 pm By Omar Faridi  |  

Bondora, a European peer to peer lender, notes that if you’re new to their platform and haven’t had the chance to verify your identity yet, then you should know that your (true) identity is “vital” to the authentication process, as the information you provide helps… Read More

February 18, 2021 @ 11:21 pm By Omar Faridi  |  

Stock trading volumes in Hong Kong have reportedly increased by as much as 4x compared to those on London’s main stock exchange, as large tech stocks continue to attract investors from other jurisdictions. Some have referred to Hong Kong’s stock trading as the “Nasdaq of… Read More

February 18, 2021 @ 10:50 am By JD Alois  |  

Earlier this week it was reported that Monzo was asking the UK government to make available gambling blocks for everyone. Monzo said that around two million people in Britain are experiencing harm caused by gambling. Today it was announced that Monzo and TrueLayer are partnering… Read More

February 18, 2021 @ 10:34 am By JD Alois  |  

LendInvest, a digital property finance platform, has issued a new range of Buy-to-Let products. The Fintech says it has reduced rates across its five-year fixed rate BTL range, with its 65% LTV product now available at 3.29% with a maximum loan of £1.5 million. Additionally,… Read More

February 18, 2021 @ 8:10 am By Omar Faridi  |  

After disrupting the world of finance, particularly how cross-border transactions are settled, TransferWise Co-founder Taavet Hinrikus says he wants to develop solutions to combat the COVID-19 pandemic. Hinrikus confirmed that he’s launching a new startup called Certific, which will be focused on improving the overall… Read More

February 17, 2021 @ 10:33 pm By Omar Faridi  |  

Digital banking platform Revolut has launched a financial app that has been developed specifically for kids. The Fintech app is controlled by the child’s parent or their legal guardian so that they are able to monitor how the tools are being used. This new app… Read More

February 17, 2021 @ 8:06 pm By Omar Faridi  |  

Malaysia-based Tranglo, a cross-border payment firm, has established four new payment channels that are connected to financial networks in Brazil, Ghana, Nigeria, and Uganda. The payment corridors mark the Fintech firm’s first entry into Sub Saharan Africa and Latin American (LatAm) regions. Tranglo’s management stated… Read More

February 17, 2021 @ 1:21 pm By JD Alois  |  

Simetria has received a no-action letter from the Israel Securities Authority. Simetria says it will launch the first digital securities offering platform at some point in May 2021. Simetria added that it has also requested a permit that would allow it to settle digital securities… Read More

February 17, 2021 @ 9:03 am By Samantha Hurst  |  

TrueNorth, a global fintech software development company, recently announced it has formed a new partnership with Codat, a technology company that connects the internal systems of small businesses to financial institutions, including fintechs. According to TrueNorth,  the collaboration provides Codat’s FI clients with direct access… Read More

February 17, 2021 @ 8:35 am By Omar Faridi  |  

Israel-based Mirato, a company that has developed an AI-enhanced third-party risk management platform (TPRM) for financial services providers, has secured $9 million in capital. Mirato’s investment round was led by Grove Ventures along with contributions from Janvest Capital Partners (co-leader), American Express Ventures, iAngels and… Read More

February 17, 2021 @ 8:22 am By Omar Faridi  |  

Cloud-based clearing bank ClearBank will be offering access to the United Kingdom’s Faster Payments network, allowing payments that would normally take three working days to be settled within minutes. Cloud-powered ClearBank will be teaming up with Manchester Credit Union in order to streamline digital payment… Read More

February 17, 2021 @ 8:16 am By Omar Faridi  |  

Billhop, a Swedish Fintech firm that makes invoices and bills payable by card payments, has acquired €4 million in capital through a Series A round from financial technology VC Element Ventures. Billhop’s services aim to address the issue of low card acceptance in supplier payments… Read More

February 16, 2021 @ 7:35 pm By Omar Faridi  |  

The developers of The Graph, which serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks, claim that the decentralized finance (DeFi) boom is just the beginning of the massive Web 3.0 innovation that’s about to take place in… Read More

February 16, 2021 @ 7:03 pm By JD Alois  |  

Money transfer Fintech Joompay has partnered with Visa (NYSE:V) in a move that makes the company a Principal Member of the Visa, allowing it to issue new Joompay cards across Europe. “Getting a Visa Principal Membership is a significant milestone in the development of the… Read More