Global

February 16, 2021 @ 1:35 pm By JD Alois  |  

Technicorum Holdings has announced that Daniel Daboczy, c0-founder of international crowdfunding platform FundedByMe, has been selected as their new Chief Executive Officer (CEO). Daboczy announced that he was stepping down as CEO of FundedByMe back in November of 2020. Technicorum Holdings, based in Singapore, is… Read More

February 16, 2021 @ 8:47 am By JD Alois  |  

Warburg Pincus LLC has invested $75 million into Personetics, an artificial intelligence (AI) firm providing proactive engagement for banks and other financial services firms. Terms of the investment were not disclosed. Personetics has created an AI software platform for global banks. The service is currently… Read More

February 16, 2021 @ 8:37 am By JD Alois  |  

Lending-as-a-service (LaaS) platform Trade Ledger has raised £13.5 million in a Series A funding round led by Point72 Ventures – a VC firm founded by billionaire Steven Cohen. Alex Tarhini, Operating Partner at Point72 Ventures will be joining the board of the firm. Trade Ledger… Read More

February 16, 2021 @ 8:20 am By Omar Faridi  |  

iwoca, an established European small business lender, has announced its UK-first integration with leading SME platform Xero. Integrating iwocaPay – iwoca’s invoice checkout – into Xero’s platform, will “for the first time provide small businesses with a Pay Later option for their business customers,” according… Read More

February 15, 2021 @ 10:42 pm By Omar Faridi  |  

On February 26, 2021, at 1400 UTC, an Ethereum community call is scheduled to take place in order to discuss the implementation of Ethereum Improvement Proposal (EIP) 1559. EIP-1559 is a transaction pricing mechanism that includes “fixed-per-block network fees” on Ethereum (ETH), the world’s largest… Read More

February 15, 2021 @ 9:45 pm By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) notes that the COVID-19 outbreak has accelerated consumers’ adoption of digital platforms and services. Technically “timid” grandparents have also become a lot more comfortable with video conferencing in a post COVID world, the Adyen team writes in a blog post. People… Read More

February 15, 2021 @ 8:55 pm By Omar Faridi  |  

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

February 15, 2021 @ 5:46 pm By Omar Faridi  |  

Amsterdam has reportedly managed to overtake London as the largest share trading center in Europe. Industry analysts have noted that the symbolic blow may be followed by London losing many more jobs and business opportunities due to Brexit. Amsterdam, which was once the sixth-largest European… Read More

February 15, 2021 @ 9:07 am By JD Alois  |  

Last November, Hong Kong kicked off a consultation pertaining to anti-money laundering (AML) and counter finance terrorist (CFT) regulation that will impact cryptocurrency exchanges or virtual asset service providers (VASPs). The deadline for comments delivered to the Hong Kong Financial Services and the Treasury Bureau (FTSB),… Read More

February 15, 2021 @ 8:27 am By Omar Faridi  |  

We recently caught up with Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta. Dr. Ellul discussed how blockchain-based smart contracts are streamlining routine business processes. He also talked about his research interests which include… Read More

February 15, 2021 @ 8:08 am By Omar Faridi  |  

The Bank of England (BoE) is getting ready for its first major break from European Union regulations with a new proposal that might make bank capital rules a lot more strict in the UK (when compared to other jurisdictions). The European Banking Authority had noted… Read More

February 15, 2021 @ 8:02 am By Omar Faridi  |  

The team at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that Kyber Network Token’s (KNC) very first liquidity mining program was scheduled… Read More

February 14, 2021 @ 10:42 pm By Samantha Hurst  |  

  UK-based challenger bank Tide recently announced its Tide Charity has donated £175,000 to small businesses that have been impacted by the COVID-19 pandemic. According to Tide, the charity launched in November 2020 in partnership with the Daily Mail, Karren Brady, and The Federation of Small Businesses. Its mission is… Read More

February 14, 2021 @ 10:35 pm By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions (NYSE:BR) recently announced its Board of Directors has declared a quarterly cash dividend of $0.575 per share. The dividend is payable on April 2, 2021 to stockholders of record at the close of business on March 15, 2021. Broadridge claims to be a fintech… Read More

February 14, 2021 @ 8:38 pm By Omar Faridi  |  

London-based Abaka, which improves financial wellbeing by offering affordable financial advice powered by artificial intelligence (AI), notes that companies across different categories and markets aim to deliver the appropriate messages to their target clients, at the best time, using the most engaging channels. Traditional approaches… Read More

February 14, 2021 @ 7:29 pm By Omar Faridi  |  

The global micro-lending market is projected to reach a valuation of $343.84 billion by 2027, according to a new report. The expected increase in adoption of microlending in developing countries may improve consumers’ lifestyle or standard of living. The anticipated shift from traditional lending to… Read More

February 14, 2021 @ 12:21 pm By Omar Faridi  |  

Auxmoney, a marketplace lending platform that serves both private and institutional investors, recently hired Carsten Höltkemeyer, the former CEO of Barclaycard Germany, in order to serve as the lender’s board chairperson. This move has come as part of a shake-up of Auxmoney’s senior management. Auxmoney,… Read More

February 14, 2021 @ 11:35 am By Omar Faridi  |  

Digital asset exchange Coinbase recently explained how the company is building digital payments systems. Coinbase says that it aims to create an open financial system for consumers and businesses across the globe. The Coinbase Payments team’s mission is “to empower customers to move money in… Read More

February 14, 2021 @ 9:10 am By Omar Faridi  |  

Aaron Cummings, Portfolio Manager at LendInvest, a leading UK based Fintech firm focused on the property finance sector, recently commented on his role, which is to deliver on development loans. Cummings also offered insights regarding what good portfolio management is all about. Cummings, who reportedly… Read More

February 13, 2021 @ 10:39 pm By Omar Faridi  |  

European online lender October notes that on February 8, 2020, they got a very good surprise when they found out that they had been ranked in the French Tech Next40 2021 ranking. October had also been recognized for its services in 2020, but claims it… Read More