Global

November 3, 2020 @ 7:58 am By JD Alois  |  

HM Government of Gibraltar has joined the Global Blockchain Business Council (GBBC) an industry association for the blockchain technology industry. Gibraltar has targeted the digital asset sector of Fintech – including digital securities and cryptocurrency. The jurisdiction has created a digital asset friendly ecosystem in… Read More

November 3, 2020 @ 7:40 am By Samantha Hurst  |  

Discover Financial Services (NYSE: DFS) announced on Tuesday the launch of its new Data and Analytics (DNA) organization. Discover revealed that the new organization represents its commitment to technological advancement in financial services with a focus on customer engagement and marketing technologies. The organization combines… Read More

November 3, 2020 @ 7:12 am By Omar Faridi  |  

Signicat, the trusted digital identity firm, has shared new research which reveals that 63% of European consumers have abandoned financial applications during the past year. Signicat’s survey was carried out in May and June 2020 which was during the Europe-wide COVID-19 lockdowns or restrictions. The… Read More

November 3, 2020 @ 7:10 am By Omar Faridi  |  

The developers of the Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, have partnered with the Central Bank of Germany. Through the partnership, both organizations will develop a “decentralized” data sovereignty… Read More

November 2, 2020 @ 11:16 pm By Omar Faridi  |  

Mortgage Choice, an established brokerage firm, will be offering its brokers access to Australian digital bank 86 400. The broker has reportedly added the challenger bank to its residential lending panel. Emma Dupont-Brown, GM at Mortgage Choice, stated that adding the digital bank would mean… Read More

November 2, 2020 @ 6:01 pm By Omar Faridi  |  

Allens is reportedly seeking applications for its legal accelerator program, called Auctus, which was introduced on November 2, 2020. The program is being offered through a partnership with Collective Campus, a corporate innovation consultancy, and startup accelerator. The Auctus Legal Accelerator program provides innovators and… Read More

November 2, 2020 @ 3:57 pm By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) and the South African Reserve Bank (SARB) have signed a Statement of Intent to cooperate and support innovation through each authority’s respective financial technology (Fintech) initiative. More specifically, the CFTC’s LabCFTC and SARB’s Fintech Unit. LabCFTC’s mission is… Read More

November 2, 2020 @ 1:43 pm By JD Alois  |  

As of Thursday, November 5, in a somewhat controversial move, the UK government will shutter a good portion of the country as COVID-19 cases rise. In a release by the UK government, the new restrictions will remain in place until at least December 2nd. The… Read More

November 2, 2020 @ 9:51 am By Samantha Hurst  |  

Arcus, a Payment-as-a-Service (FaaS) platform, announced on Monday it has received an investment from Citi Ventures for expansion and partnerships in Latin America. Arcus claims that this investment marks the first investment by Citi Ventures in a Fintech company in Mexico. Founded in 2013, Arcus… Read More

November 2, 2020 @ 9:18 am By JD Alois  |  

Following a big win at the European Commission in regards to the harmonization of investment crowdfunding rules, the European Crowdfunding Network (ECN) has published a report analyzing European blockchain regulation. Crafted in partnership with the law firm of Denton’s, the ECN report reviews the European… Read More

November 2, 2020 @ 8:46 am By JD Alois  |  

British Patient Capital (BPC), a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank, says it is deliverying strong results corresponding to its business plan. BPC believes that the advent of COVID-19 will drive a wave of “tranformative” innovation. According… Read More

November 2, 2020 @ 8:25 am By Omar Faridi  |  

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, notes that Bitcoin (BTC) miners are about to enter an “extremely profitable” market. Quigley points out that cryptocurrency prices are surging but “input costs are about to drop significantly.” He… Read More

November 2, 2020 @ 8:22 am By JD Alois  |  

Property finance Fintech LendInvest has announced a new pay rate product to its Buy-to-Let range for Limited companies and Special Purpose Vehicles. LendInvest has launched a 5-year fixed pay rate product at 3.69% for Limited company landlords. The lender is now offering 80% LTV products… Read More

November 2, 2020 @ 8:12 am By Samantha Hurst  |  

Digital payments platform Wirex announced on Monday the unveiling of its “2020 Rising Women in Crypto Power List” Wirex claims that the List, which was done in partnership with The Fintech Times, received a total of 367 entries and features the ten most inspirational women… Read More

November 2, 2020 @ 7:45 am By Omar Faridi  |  

Cryptocurrency hedge funds have been reporting significant gains this year. They appear to have benefitted from the rise in transactions that let borrowers and lenders settle payments directly, without having to go through third-parties like banks. Crypto-asset hedge funds could also be performing well due… Read More

November 1, 2020 @ 8:39 pm By Omar Faridi  |  

Digital Banking Maturity (DBM) is a global accelerator that assists banking institutions with responding to change. Digital Banking Maturity is the largest global digital banking study, offering an extensive “outside-in ’mystery shopper’ assessment of retail banks’ digital channels and furthering discussion about future developments,” according… Read More

November 1, 2020 @ 6:43 pm By Omar Faridi  |  

Establishing proper standards is the key to ensuring that the blockchain sector moves forward, according to a recent blog post published by the World Economic Forum (WEF). The blog post’s authors (Sumedha Deshmukh, Mercina Tillemann-Dick, Sofia Arend) note that standards for blockchain or distributed ledger tech… Read More

November 1, 2020 @ 5:35 pm By Omar Faridi  |  

Naim Alame, the MENA Payments Lead at Accenture, and Elie El Khoury, Financial Services Lead for MENA Region at Accenture Interactive, have noted in a thought leadership piece (posted by Accenture) that the Fourth Industrial Revolution, which is “defined by the platform economy,” is now… Read More

November 1, 2020 @ 4:09 pm By Omar Faridi  |  

Robo.cash, a peer to peer (P2P) lending marketplace, has provided an update on the performance of its loan originators in Q3 2020. The Robo.cash team revealed that its Spanish loan originator, Prestamer.es, has managed to record “one of the best results in the whole group.”… Read More

November 1, 2020 @ 11:26 am By Omar Faridi  |  

Binance, the world’s largest digital currency exchange, notes in its latest Crypto Market Overview report that Bitcoin (BTC) almost managed to break past the $14K mark, as it “massively outperformed” altcoins (alternative coins or all coins besides Bitcoin). Binance points out that Bitcoin began moving… Read More