Global

November 28, 2020 @ 6:41 pm By JD Alois  |  

Switzerland has emerged as a Fintech friendly jurisdiction and home to many blockchain-focused financial services firms. The country  has long been an important banking center and the Swiss government is keen to maintain its status in a world that is going through a digital transformation…. Read More

November 28, 2020 @ 3:42 pm By Omar Faridi  |  

A new survey from Capco has revealed that consumers must receive proper information and educational materials so that they can responsibly use Buy Now, Pay Later (BNPL) platforms and services. According to the study, BNPL services must also be regulated properly. Capco’s research found that… Read More

November 28, 2020 @ 2:58 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) recently announced the benefits of its new data collection platform, called RegData. The FCA noted that RegData would be replacing Gabriel as the regulator’s data collection platform. The FCA confirmed that RegData is “informed by user feedback, is faster,… Read More

November 28, 2020 @ 2:45 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, is considered a legitimate store of value (SoV) by many investors, as it allows them to hedge against “expansionist monetary policies,” according to a blog post by Ledger Vault, a digital asset security solution for financial institutions, powered by Ledger… Read More

November 28, 2020 @ 1:54 pm By Omar Faridi  |  

OwnHome, the recent winner of Xccelerate2020, the startup competition that’s managed by the Commonwealth Bank of Australia’s Fintech incubation division X15ventures, has reportedly received $150,000 in capital after grabbing the number one spot in the contest. Over 80 different startups had applied to take part… Read More

November 28, 2020 @ 1:33 pm By Omar Faridi  |  

The TokenInsight team notes that once again (unsurprisingly), we all received a “big gift” from the digital asset market for Thanksgiving with Bitcoin (BTC) crashing – which came right after it surged past the $19,000 mark for the first time in around three years. The… Read More

November 27, 2020 @ 4:58 pm By Omar Faridi  |  

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, recently laid off 257 workers and finalized voluntary redundancy terms with another 261 employees as part of the banking service provider’s 2-year strategic overhaul of operations. The recently announced… Read More

November 27, 2020 @ 4:14 pm By Omar Faridi  |  

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, introduced PagoFX, its international payments application for UK customers, in April 2020. Santander’s TransferWise competitor PagoFX is now set to expand its coverage into Belgium. There will… Read More

November 27, 2020 @ 4:08 pm By Omar Faridi  |  

The developers of the Waves protocol and MADANA are teaming up so that they can leverage the benefits of “confidential” computing when working with blockchain or distributed ledger technology (DLT)-based Oracles and while engaging in inter-chain communication. Through the partnership, Waves and MADANA have agreed… Read More

November 27, 2020 @ 1:39 pm By JD Alois  |  

LendInvest, a property finance platform, has been recognized as the BTL [Buy to Let] Lender of the Year at the 2020 National Association of Commercial Finance Brokers (NACFB) awards for the second year in a row. The NACFB is the UK’s trade body for commercial… Read More

November 27, 2020 @ 1:26 pm By Omar Faridi  |  

BTCPay Server, a self-hosted, open-source digital currency payment processor that claims to be secure, private, “censorship-resistant” and free to use, recently expanded its ability to bring Bitcoin’s (BTC) values to global digital commerce with a Shopify integration The BTCPay Server team, which is one of… Read More

November 27, 2020 @ 11:14 am By JD Alois  |  

Challenger bank FinecoBank has expanded its investment offerings once again with a series of funds from Robeco. Account holders will now have access to Robeco’s range of investment products, including a number of products focused in the sustainable sector. FinecoBank says more partnerships are in… Read More

November 27, 2020 @ 11:07 am By JD Alois  |  

Injeq, a Medtech firm based in Finland, has quickly raised €2 million on Invesdor, according to an email from the platform. Invesdor reports that during the private portion of the securities offering, Injeq raised €1.5 million in just a day. The next day, Injeq opened… Read More

November 27, 2020 @ 10:50 am By Omar Faridi  |  

The developers 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,” have revealed that the platform’s native FUSE token has been listed on the… Read More

November 27, 2020 @ 8:10 am By JD Alois  |  

A report claims that the US Director of National Intelligence (DNI) John Ratcliffe has contacted SEC Chairman Jay Clayton regarding China’s influence in the crypto market including mining. According to the Washington Examiner, the DNI is worried that China has too much control when it… Read More

November 27, 2020 @ 7:46 am By Omar Faridi  |  

Blockchain and Fintech advisor Efi Pylarinou notes that Stripe has been actively investing in many different startups — 22 and growing. Pylarinou writes in a blog post that Stripe is currently in the spotlight as the Fintech firm is ranked quite high based on several… Read More

November 27, 2020 @ 7:33 am By JD Alois  |  

Libra, Facebook’s project to launch a global cryptocurrency, may launch as soon a January but as a stablecoin and not as a basket of assets that it originally sought to create. According to a report in the FT, Libra may launch in early 2021 as… Read More

November 27, 2020 @ 6:59 am By Omar Faridi  |  

Germany-based digital insurance firm Getsafe has teamed up with GoCompare as it prepares to firmly establish its presence in the UK markets. Getsafe launched operations in the UK in February 2020 and it’s now planning to make app-based insurance services more accessible to UK residents…. Read More

November 26, 2020 @ 3:24 pm By Omar Faridi  |  

SoftBank-backed Fintech firm OakNorth claims that it has been issuing loans at record levels following the COVID-19 outbreak. Established in 2015, OakNorth was recently valued at $2.8 billion and has managed to achieve profitability. This is not too common for many of the firms or… Read More

November 26, 2020 @ 2:19 pm By JD Alois  |  

As all crypto followers know, Bitcoin recently edged closed to its all-time high, topping out at around $19K and change. Then, almost magically, it tanked – now trading around $16,500. While some people view Bitcoin as a store of value, somewhat similar to gold and… Read More