Global

November 26, 2020 @ 1:59 pm By JD Alois  |  

The Central Bank of Iceland (CBI) and SIA, a technology infrastructure and service provider for financial institutions, has launched a new real-time gross settlement system (RTGS) and a new instant payment platform. CBI is a public institution operating under the auspices of the Prime Minister…. Read More

November 26, 2020 @ 1:21 pm By Omar Faridi  |  

Fintech firm Stripe is reportedly planning an investment round so that its payment platform and business can be valued significantly higher than the $36 billion valuation it received during its last funding round. According to Bloomberg (which cited sources familiar with the matter), Stripe could… Read More

November 26, 2020 @ 1:13 pm By Omar Faridi  |  

ENGIE, a French service firm listed on the stock exchange, will be working with online SME lender October to develop an engagement platform based on “the financial participation of employees in internal projects.” According to the October team, the financial platform, i-DEAL, was introduced in… Read More

November 26, 2020 @ 10:18 am By JD Alois  |  

In an interview as part of the Fintech Abu Dhabi Festival taking place this week, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), discussed how Fintech or digital finance has been boosted by the COVID health crisis. Digital Transformation Menon shared that… Read More

November 26, 2020 @ 9:45 am By Omar Faridi  |  

Ahead of the upcoming Ethereum 2.0 upgrade, ETH has been experiencing “significant momentum,” according to a report from OKCoin. The digital asset exchange notes that during the past week, the Ethereum price surged 30% to a high of over $600, but it has corrected sharply… Read More

November 26, 2020 @ 9:21 am By JD Alois  |  

ETC Group, a digital security firm, is out with note claiming that since listing on the Deutsche Boerse’s Xetra the BTCetc Bitcoin Exchange Traded Crypto (ticker BTCE) has become the most liquid Bitcoin backed exchange-traded product (ETP) in the world. BTCE is 100% backed by… Read More

November 26, 2020 @ 8:56 am By Omar Faridi  |  

Fintech firm TransferWise recently announced that Indonesians and ex-pat workers will now be able to send money from Indonesia to 80 different countries, which includes Australia, Singapore, Japan, US, UK, China (Alipay) — and across Europe as well. TransferWise users are now able to send… Read More

November 25, 2020 @ 6:09 pm By Omar Faridi  |  

India Fintech Forum, a non-profit Fintech advocacy group, revealed on November 24, 2020, that it had shortlisted 27 financial technology firms for its 5th installment of India Fintech Awards (IFTA). The Fintechs will be presenting live demos to the event judges, beginning on November 30… Read More

November 25, 2020 @ 11:02 am By JD Alois  |  

Digital bank Revolut has announced that it will hand over one Bitcoin, worth around £14,333 right now, as part of a “Black Friday Crypto competition.” The promotion is only available for UK customers. Revolut users just need to set up a Crypto Recurring Buy worth at… Read More

November 25, 2020 @ 8:10 am By JD Alois  |  

Peer to peer lending marketplace Mintos has surpassed £7 million on Crowdcube on the final day of the securities offering. The Mintos security offering should be one of the largest offerings on Crowdcube for 2020. Mintos is raising equity capital at a pre-money valuation of… Read More

November 25, 2020 @ 7:44 am By JD Alois  |  

Saas provider Konsentus has announced the launch of its Open Banking Hub (OB Hub), a cloud based service that offers clients a global open banking solution. According to Konsentus, the OB Hub is designed to remove the complexity involved in setting up a central and… Read More

November 25, 2020 @ 7:29 am By Omar Faridi  |  

Germany-based CrossLend, a platform that provides a digital debt marketplace with a goal to make the global lending and investment ecosystem more efficient, transparent and profitable, is reportedly offering its Europe-based lenders access to its data analytics software free of cost. CrossLend said the tools… Read More

November 25, 2020 @ 7:19 am By Omar Faridi  |  

Mike Bristow, CEO at CrowdProperty, a property investment platform, says that there’s likely to be a significant increase in overall activity in the UK’s property market. Bristow believes that the surge in transactions should come toward the end of the stamp duty holiday. Bristow’s comments… Read More

November 24, 2020 @ 11:25 pm By Omar Faridi  |  

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

November 24, 2020 @ 11:25 am By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

November 24, 2020 @ 10:43 am By Samantha Hurst  |  

Check Point Software (NASDAQ: CHKP), a global provider of cyber-security solutions, announced on Tuesday it has become a strategic partner of FinTech Scotland, an independent not-for-profit body jointly established by the private sector and the Scottish Government. Check Point solutions bring a practical boost to… Read More

November 24, 2020 @ 9:50 am By JD Alois  |  

YRD Capital, a company that claims to offer the world’s first Fund of Funds (FoF) incorporating quantitative trading in crypto assets, is reporting over a 20% net return to its investors during the past three years that the fund has been in operation. YRD says… Read More

November 24, 2020 @ 8:12 am By Omar Faridi  |  

Ian Liddell-Grainger, who’s Chair of the All-Party Parliamentary Group on Open Banking and Payments in the UK, notes that Britain’s financial technology industry has been expanding rapidly with emerging Fintechs such as Monzo, Starling, Revolut and TransferWise. Ian points out that these companies are turning… Read More

November 24, 2020 @ 8:00 am By JD Alois  |  

Securitize has received regulatory approval to acquire the FINRA regulated broker-dealer Distributed Technology Markets, LLC (DTM). The pending acquisition was announced last October and includes the Velocity Platform, LLC, a money services business with money transmitter licenses in several states. DTM also includes an alternative trading… Read More

November 24, 2020 @ 7:53 am By Omar Faridi  |  

Elisha Wiesel, a former Goldman Sachs executive and son of Elie Wiesel, has taken on the role of Chairman of The Floor, a Tel Aviv-based Fintech firm. Wiesel is well-known for his Wall Street investment banking and risk management experience within the financial services industry…. Read More