Global

January 31, 2021 @ 9:42 pm By Omar Faridi  |  

The team at Currencycloud, a cross-border payment platform, notes that there are several different ways that Fintech companies are “disrupting” corporate banking. Currencycloud explains that in today’s interconnected society, we “expect the world to be at our fingertips.” Apps allow us to easily conduct business… Read More

January 31, 2021 @ 8:38 pm By Omar Faridi  |  

A survey performed by UK-based TransferWise, a leading online money transfer service, has provided insights on how the Coronavirus crisis has impacted consumer behavior, particularly how remittance payments are handled by individuals residing in Malaysia. The survey revealed that approximately 50% of people in Malaysia… Read More

January 31, 2021 @ 7:40 pm By Omar Faridi  |  

Like many aspects of our daily lives in the 21st century, the COVID-19 outbreak is affecting consumers’ spending habits. The Coronavirus crisis may have led to permanent changes in consumer behavior, including the manner in which we acquire the products and services we need. When… Read More

January 31, 2021 @ 3:27 pm By Omar Faridi  |  

Jonah Schulman, the Head of Marketing at Security Token Market,  a US-based company focused on a listing website for Security Token Offerings (STOs) from all over the world, says that when he says “no” to US equities and “yes” to security tokens, he’s “actually saying… Read More

January 30, 2021 @ 10:12 pm By Omar Faridi  |  

The Cambridge Centre for Alternative Finance (CCAF) has revealed that their organization and the University of Cambridge Judge Business School are teaming up with the Inter-American Development Bank, which works to improve lives of people in the Latin America (LatAm) and the Caribbean region. We… Read More

January 30, 2021 @ 8:07 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that only a month into the new year, and partnerships are already beginning to emerge as “a strong theme underpinning the future of the industry.” Banking Circle also confirmed that they’ve teamed up with global provider of local… Read More

January 30, 2021 @ 7:14 pm By Omar Faridi  |  

AllianceBlock, the first “globally compliant” decentralized capital market, has entered into an agreement to join the London Stock Exchange Group’s (LSEG) Partner Platform. According to a release shared with CI, the Partner Platform will provide institutional members “the ability to have direct market access” to… Read More

January 30, 2021 @ 5:25 pm By Omar Faridi  |  

The European venture capital markets managed to perform reasonably well last year, even though there was a significant slowdown in funding or financing following the COVID-19 outbreak (during Q1 2020 and also leading into Q2 2020), Crunchbase data confirms. Funding provided to European startups during… Read More

January 30, 2021 @ 5:04 pm By Omar Faridi  |  

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, recently explained why people should be using its Auto Invest feature. EstateGuru writes in a blog post that the modern world has been “shaped by automation, which is one of the key forces driving progress.”… Read More

January 30, 2021 @ 4:02 pm By Omar Faridi  |  

Ransomware “skyrocketed” last year, however, there might be “fewer culprits” than we may think or expect, according to a report from blockchain analysis firm Chainalysis. Chainalysis acknowledges that 2020 will “forever be known” as the year of COVID-19, but when it comes to cryptocurrency-related crime,… Read More

January 30, 2021 @ 3:54 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange in terms of volume and scope of operations, recently revealed that a sudden rush of new users on its platform had put its systems under a lot of stress and overload, leading it to temporarily suspend withdrawals. Binance… Read More

January 30, 2021 @ 2:58 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

January 29, 2021 @ 8:58 pm By Omar Faridi  |  

The Berner Kantonalbank (BEKB) has reportedly integrated with an Open Banking API platform in order to connect partners and various third-party companies. The BEKB is able to easily and efficiently connect with other service providers through the new platform. For customers, this means that they’ll… Read More

January 29, 2021 @ 7:55 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, has confirmed that it will be teaming up with HCL Technologies, an India-based multinational tech firm, in order to offer treasury management technology via the Cloud to smaller banks based in Europe, North America, India, and… Read More

January 29, 2021 @ 5:50 pm By Omar Faridi  |  

Temenos (SIX: TEMN), a banking software company, has revealed that Schroders Wealth Management in Switzerland has decided to use its solution in order to automate and improve its financial advisory business. Schroders Wealth Management will reportedly launch the Temenos Wealth Front Office which is described… Read More

January 29, 2021 @ 3:49 pm By Omar Faridi  |  

After facing increasing pressure from Chinese authorities, billionaire Jack Ma’s Fintech firm Ant Group is now focused on restructuring its business operations in order to serve as a financial holding company. The Ant Group has also been focused on positioning itself as an Internet-tech firm… Read More

January 29, 2021 @ 3:02 pm By JD Alois  |  

Mambu, a cloud banking service provider that powers the likes of N26, ABN AMRO, OakNorth and more, says it experienced a 100% year over year growth in 2020. The rapid rise of Mambu was driven by the 26 financial institutions that signed up for Mambu’s… Read More

January 29, 2021 @ 2:21 pm By Omar Faridi  |  

The Open Banking Implementation Entity (OBIE) has introduced its variable recurring payments and sweeping consultation phase II. The OBIE, which was created by the UK’s Competition and Markets Authority, recently released its response and has made revisions to its proposals following the initial phase of… Read More

January 29, 2021 @ 8:20 am By Omar Faridi  |  

Cordelia Kafetz, who was responsible for helping to launch Bank of England’s (BoE) Fintech hub in 2018 and has also served in key roles as part of the Payments Policy Team, has reportedly decided to join UK’s digital bank Starling. Starling Bank has confirmed that… Read More

January 29, 2021 @ 8:15 am By Omar Faridi  |  

Germany-based lending company Commerzbank has announced that it will be cutting around 10,000 jobs and will permanently shut down 340 branches by 2024. The company confirmed that it plans to focus more on its digital transformation strategy so that it can lower operational costs and… Read More