July 11, 2023 @ 12:55 am By Omar Faridi  |  

Inversis, a Banca March 100%-owned subsidiary specializing in providing global solutions for institutional clients in the financial asset distribution business, has reached an agreement with BME, a SIX company, for the complete acquisition of Openfinance. This firm reportedly “offers technological tools for the provision of… Read More

July 10, 2023 @ 11:53 pm By Omar Faridi  |  

UBS (NYSE:UBS) announced that it and Numarics are planning to enter into a strategic partnership to specifically digitize and expand financial and administration solutions for small and medium-sized companies in Switzerland. Administrative tasks mean “a lot of time for SMEs today and are often a… Read More

July 10, 2023 @ 11:04 pm By Omar Faridi  |  

Archax, the global, regulated digital asset exchange, brokerage, and custodian, announces the launch of its Crypto OTC Desk. This new service offering “further strengthens Archax’s position as a credible bridge between the blockchain-centric crypto community and the traditional investment space.” Archax claims that it has… Read More

July 10, 2023 @ 10:57 pm By Omar Faridi  |  

Quantexa, which claims to be a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it will invest over $155M in the global artificial intelligence (AI) industry over the next three years “to help clients advance the use of… Read More

July 10, 2023 @ 10:50 pm By Omar Faridi  |  

Australian-born payments company Airwallex has appointed Luke Latham as General Manager for its Australia and New Zealand business. Latham joins Airwallex following senior roles “with Amazon, Amazon Web Services, Groupon and most recently as Chief Operating Officer for MILKRUN.” Airwallex CEO and Co-founder Jack Zhang… Read More

July 10, 2023 @ 10:43 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that BanCoppel, part of Grupo Coppel, one of the largest organizations in Mexico, which includes brands such as Afore Coppel and Tiendas Coppel, has selected Temenos in order “to continue its technological transformation, driving modern banking services.” BanCoppel was reportedly the… Read More

July 10, 2023 @ 10:38 pm By Omar Faridi  |  

Global Screening Services (GSS), the RegTech innovator focused on financial transactions screening, has announced its partnership with software company Appian, in order “to integrate the company’s leading low-code development and AI-powered process automation tools into the GSS screening platform.” GSS has reportedly “leveraged Appian’s flexible,… Read More

July 10, 2023 @ 10:25 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) is reportedly working on a new regulatory framework that should be more “developmental” and conducive for financial technology or Fintech firms. This, according to a deputy governor of the reserve bank (as first reported by Reuters this past Friday)…. Read More

July 10, 2023 @ 7:01 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has issued a statement on its ongoing crackdown of crypto ATMs in the UK that are not authorized. The FCA says it has investigated 34 locations in the UK since the start of the year, typically working with other law… Read More

July 10, 2023 @ 7:01 pm By Omar Faridi  |  

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

July 10, 2023 @ 6:59 pm By Omar Faridi  |  

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.” The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry… Read More

July 10, 2023 @ 5:51 pm By Emily Strack  |  

Venture capital financing plays a crucial role in funding the growth and expansion of startups. However, the path to success is not always smooth, and companies may, at certain points in their lifecycle, need to raise capital on less-than-ideal terms. In today’s challenging economic climate,… Read More

July 10, 2023 @ 3:32 pm By Omar Faridi  |  

SumUp, the financial partner for over 4 million businesses worldwide, has selected Form3, the cloud-native account-to-account payments platform, in order “to provide direct access into the UK Faster Payments Scheme (FPS) and Bacs Scheme to further enhance its business account offering for UK customers.” SumUp… Read More

July 10, 2023 @ 3:30 pm By Omar Faridi  |  

A survey from Betterment, the largest independent digital financial advisor in the US, finds that despite market instability, retail investors are “optimistic about their financial futures.” The research report, which tracks data from 1,200 retail investors across four generations (Gen Z, Millennials, Gen X, and… Read More

July 10, 2023 @ 3:29 pm By Omar Faridi  |  

True Digital Group, provider of the industry’s first digital vendor optimization network that supports banks in their discovery, diligence, implementation, and monitoring of technology vendors, announced a strategic partnership with the Texas Bankers Association (TBA). The True Digital Platform, available to TBA bank members, “will… Read More

July 10, 2023 @ 11:55 am By JD Alois  |  

Republic, the operator of the largest investment crowdfunding platforms in the world, has enhanced its private deal room service for its top global investors. Republic has revealed “Project Platinum” to serve accredited investors. Republic has sought to create a multi-tiered service for both smaller and… Read More

July 10, 2023 @ 11:44 am By JD Alois  |  

Blockchain security firm CyVers is claiming first in uncovering the Multichain mega hack that saw over $126 million pilfered from the protocol. As was previously reported, Multichain halted its network on the hack just a month after the entity’s CEO disappeared. Cyvers said its AI-driven service… Read More

July 10, 2023 @ 10:54 am By Omar Faridi  |  

Global fintech SumUp has announced the appointment of Anna Kuriakose as Chief Product Officer. She joined SumUp in mid-June 2023 and will be “based in London.” Anna was formerly at Meta, “where she was the product director for Messenger on Windows and Mac and web-based… Read More

July 10, 2023 @ 10:18 am By Omar Faridi  |  

Online trading platform moomoo, an “intuitive” investment and trading platform providing investors with pro-grade, easy-to-use tools, data, and insights, recently released results of its first Personal Finance Survey of US moomoo users. The survey has “discovered three key takeaways.” First, mooers are worried “about their… Read More

July 10, 2023 @ 10:05 am By JD Alois  |  

As part of a policy aiming to boost economic growth and innovation, the UK is expected to announce pension fund reforms that will allow these vehicles to invest in early stage firms. Chancellor of the Exchequer Jeremy Hunt is expected to pursue a policy that… Read More