Global

February 11, 2021 @ 8:02 am By Omar Faridi  |  

John Smith, who has been regularly keeping up with computer science, quantum computing, and cryptocurrency-related developments, claims that the “future of crypto” is quantum-resistant, meaning we must build systems that can protect themselves against the potential attack from quantum computers (QCs) when they become powerful… Read More

February 11, 2021 @ 7:30 am By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has teamed up with Bestow, a “full-stack” life insurance firm. Powered by Bestow’s Protect API, Lemonade clients may apply for “instant,” and… Read More

February 10, 2021 @ 11:13 pm By Omar Faridi  |  

A new United Nations inquiry into the reported theft of $281 million in crypto-assets from  KuCoin, a major digital currency exchange, in September 2020 “strongly suggests” links to North Korea. Industry participants claim that Seychelles-headquartered KuCoin could be the victim of one of the largest… Read More

February 10, 2021 @ 8:51 pm By Omar Faridi  |  

China’s Nervos, a major public blockchain network, has introduced a $5 million fund that will provide cash grants to blockchain and Fintech entrepreneurs developing new solutions for “the future” of decentralized finance (DeFi). As mentioned in a release shared with CI, the pledge “comes amid… Read More

February 10, 2021 @ 2:07 pm By JD Alois  |  

Earlier today, the Resolution Foundation published a report called On firm ground? The impact of Covid-19 on firms and what policymakers should do in response. The report seeks to assess the current state of corporates while setting out priorities for policymakers to allow enable firms… Read More

February 10, 2021 @ 11:29 am By JD Alois  |  

Speaking about the ongoing digital transformation of financial services the Chairman of the French Autorité des Marchés Financiers (AMF), Robert Ophèle, commented on the emergence of crypto assets (digital assets) for both non-securities and securities. Ophèle first noted the ongoing COVID health crisis has helped… Read More

February 10, 2021 @ 10:58 am By JD Alois  |  

The UK National Crime Agency (NCA), working in concert with the US Secret Service, Department of Homeland Security, Federal Bureau of Investigation, and Santa Clara DA’s Office, have arrested eight men, aged 18 to 26, in England and Scotland in regards to SIM Swap hacks… Read More

February 10, 2021 @ 8:58 am By JD Alois  |  

Nexo, a crypto lending platform and exchange, says that assets under management have “surged” to more than $4 billion. The comments may come as no surprise as Bitcoin has rocketed to new highs as Tesla announced it had purchased $1.5 billion in BTC and expectations… Read More

February 10, 2021 @ 8:28 am By Omar Faridi  |  

Trade Ledger, which provides a Lending-as-a-Service (LaaS) platform, has secured £13.5 million in capital through a Series A round that was led by Point72 Ventures. Foundation Capital, Court Lorenzini, and Hambro Perks also took part in the round. Trade Ledger aims to assist lenders with… Read More

February 10, 2021 @ 8:23 am By Omar Faridi  |  

The team at Juniper Research, an analyst house focused on digital technology market research and related Fintech trends, technology data, market sizing, and consulting, notes that e-commerce and financial services have become a key part of many consumers’ lives in a post-COVID world. The Juniper… Read More

February 9, 2021 @ 10:43 pm By Omar Faridi  |  

A new study by Fenergo, provider of digital transformation, customer journey and client lifecycle management (CLM) software, has revealed that Malaysia ranked the highest for data privacy fines in the Asia-Pacific (APAC) region. Fines from Malaysian authorities totaled nearly $4 billion this past year. Neighboring… Read More

February 9, 2021 @ 10:25 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet service, block explorer, and trading platform notes that Vladimir Ilyich Lenin (the Russian revolutionary who founded the Soviet Union) had said that there are “decades where nothing happens; and there are weeks where decades happen.” Blockchain.com writes… Read More

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

The team at Security Token Markets (STM), which is focused on re-inventing capital markets with blockchain-based security tokens, has published its monthly market report for January 2021. The report reveals that the total security token market cap reached $504,304,199 to close the month of January… Read More

February 9, 2021 @ 5:36 pm By JD Alois  |  

UK-based Fintech Cashplus has received approval to become a regulated bank after operating as an e-money institution for many years. Cashplus has worked for a couple of years to gain the license and has recently indicated it is now authorized by the Prudential Regulation Authority… Read More

February 9, 2021 @ 2:35 pm By Samantha Hurst  |  

Social news aggregation, web content rating, and discussion website, Reddit, announced on Tuesday it secured $250 million through its Series E funding round. Founded by Steve Huffman and Alexis Ohanian in 2005, Reddit describes itself as an online community where users submit, vote, and comment… Read More

February 9, 2021 @ 11:20 am By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at online peer to peer lender Blend Network, who had previously explained in an interview with CI last year that we’re witnessing the “democratization of property investing” in the 21st century. As covered in December 2020, the Blend… Read More

February 9, 2021 @ 10:18 am By JD Alois  |  

Finch Capital, a UK and Netherlands based VC firm, has closed on a new fund – Europe III – raising €150 million to invest in Fintechs and artificial intelligence (AI) startups in the financial services sector. Finch said it will target Series A and B… Read More

February 9, 2021 @ 8:37 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of a money transfer service to Pakistan in partnership with HBL, Pakistan’s largest commercial bank. The new service will allow Pakistanis living in the UK, Europe and Australia to send money in minutes, according to… Read More

February 9, 2021 @ 8:13 am By Samantha Hurst  |  

Equifax (NYSE: EFX) announced on Tuesday it has acquired transaction data analytics company AccountScore Holdings Limited to bolster its Open Banking and insights capabilities. Equifax reported that the acquisition will see it enhance its consumer and commercial product offerings, combining traditional credit bureau information held by… Read More

February 9, 2021 @ 7:29 am By Omar Faridi  |  

UK-based Wombat, a fractional investment platform, has acquired $2 million in capital via a seed funding round that was led by Fuel Ventures. Established in 2019, Wombat claims around 62,000 users for its mobile trading platform, providing access to 31 popular stocks and 22 theme-based… Read More