April 14, 2023 @ 12:57 pm By JD Alois  |  

InvestEngine, a Fintech that offers commission-free ETF investing for individuals and small businesses, has closed its securities crowdfunding round, having raised £1.94 million, topping its goal of £1.25 million, according to an email from the company. This is the second time InvestEngine has leveraged Crowdcube… Read More

April 14, 2023 @ 12:19 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) re-opened comments on a proposed rule during a meeting of the Commission that in many respects raised more questions than provided answers. The proposed amendments to the definition of “exchange” under Exchange Act Rule 3b-16 were initially proposed in… Read More

April 14, 2023 @ 12:04 pm By JD Alois  |  

Regions Bank (NYSE:RF), a large regional bank based in Alabama, has selected Temenos (SIX: TEMN) to update its banking platform, bringing it into the Fintech era. Regions Bank has approximately $155 billion in assets, ranked at 227th in the US for consolidated assets as of… Read More

April 14, 2023 @ 9:56 am By Omar Faridi  |  

Changi Airport Group (CAG), in collaboration with Accenture (NYSE:ACN), has unveiled a metaverse experience called ChangiVerse, a fresh way for new audiences to connect with Singapore Changi Airport and explore its notable sights in the digital space. An immersive wonderland, ChangiVerse is reportedly “the first… Read More

April 14, 2023 @ 9:53 am By Omar Faridi  |  

The National Trust and Starling Bank have launched a three-year partnership aimed at ensuring more people “have access to nature, both now and in the future.” Through the partnership, it is “estimated that over 1 million people will be able to benefit from improved access… Read More

April 14, 2023 @ 8:24 am By Omar Faridi  |  

Dmitry Zlokazov, Head of Product at neobank Revolut, recently noted that the joint accounts feature should help the app become more social and “inclusive.” Revolut’s new joint account feature is available for consumers across Europe. As noted in the update from the Fintech firm, joint… Read More

April 14, 2023 @ 8:05 am By Matthew G. White  |  

Recent headlines have highlighted significant risks associated with investments in cryptocurrency. For instance, in recent months, we have seen the price of various cryptocurrencies plummet, creating a “crypto winter” (though prices have recently been swinging back up, demonstrating the volatility risk associated with cryptocurrency). As… Read More

April 13, 2023 @ 10:20 pm By Omar Faridi  |  

Building on four years of work together to enable digital transformation among small businesses, Accion and the Mastercard Center for Inclusive Growth announced a renewal of their partnership and a sustained commitment “to improve the financial health of micro and small enterprises (MSEs) in emerging… Read More

April 13, 2023 @ 10:19 pm By Omar Faridi  |  

Iris Powered by Generali, provider of a proprietary identity and cyber protection platform,  announced the launch of ScamAssist, a dedicated service to help Iris’ clients provide customers comprehensive and rigorous protection against email, phone, text, and direct mail scam attempts. In conjunction with the launch,… Read More

April 13, 2023 @ 10:17 pm By Omar Faridi  |  

Singapore businesses have a “cautious” economic outlook, as new data from global fintech Airwallex reveals 7 in 10 small and medium-sized enterprises (SMEs) here are “bracing for a potential recession within the next two years.” The independent research “considered the challenges SMEs in Singapore would… Read More

April 13, 2023 @ 10:16 pm By Omar Faridi  |  

Nium, the global payments infrastructure for the on-demand economy, announced the appointment of Anupam Pahuja to EVP and General Manager of Asia Pacific, MENA. Pahuja will “build on Nium’s success in Southeast Asia, where the fintech unicorn was founded, and will quickly expand Nium’s presence… Read More

April 13, 2023 @ 7:20 pm By Omar Faridi  |  

SMBs based in Latin America have received another boost in lending services with the recent $4 million investment in Kala, a Colombia-headquartered firm creating Fintech infrastructure for enabling more efficient lending. The firm, which has been co-founded by Manuel Alemán, Rodolfo Lazo and Pablo Cattólica… Read More

April 13, 2023 @ 7:19 pm By Omar Faridi  |  

Northern Trust (Nasdaq: NTRS) announced it has expanded accessibility to its Front Office Solutions platform for asset owners and other institutional investors with a new mobile application for Android and iOS users. Asset owners increasingly “seek platforms that can deliver functionality in flexible ways.” The… Read More

April 13, 2023 @ 7:14 pm By Omar Faridi  |  

Veriff, a global identity verification provider, announced its new Know Your Customer (KYC) Education Center. Offering a comprehensive library of KYC articles and guides, the hub “acts as an essential resource for businesses looking to remain compliant with quickly evolving Anti-Money Laundering (AML) and Counter-Terrorist… Read More

April 13, 2023 @ 5:27 pm By JD Alois  |  

Knightscope (NASDAQ:KSCP), a company that raised funds in an online securities offering, has signed a contract to sell its autonomous security robots to the City of New York. New York is currently enduring an extended rise in the rate of criminal activity. At the same… Read More

April 13, 2023 @ 5:13 pm By JD Alois  |  

Global venture capital (VC) investments cratered in March 2023 by 44.3% to $29.15 billion from $52.32 billion in the same month a year earlier. This is just another report that indicates a sinking economy and the lack of risk capital supporting early-stage firms. S&P Global… Read More

April 13, 2023 @ 4:57 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Representative Bill Huizenga, Chairman of the Subcommittee on Oversight and Investigations, have joined in sending a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler criticizing him for a failure to provide information… Read More

April 13, 2023 @ 4:35 pm By JD Alois  |  

Affirm (NASDAQ: AFRM) is expanding its offerings north by moving into Canada. Affirm is a top buy now pay later (BNPL) platform founded by Max Levchin, who also co-founded PayPal. The expansion into Canada is being enabled by another big Fintech – Stripe, which now… Read More

April 13, 2023 @ 4:18 pm By JD Alois  |  

KeyBank (NYSE:KEY) will see its digital banking product receive an upgrade as Quolo has announced that it will power KeyBank’s banking services, including payment solutions, virtual accounts and more. As a KeyBank customer, it has been a pretty rough ride, so expectations are pretty high… Read More

April 13, 2023 @ 4:01 pm By Omar Faridi  |  

Visa (NYSE: V) announced it is partnering with PayPal and Venmo in order to pilot Visa+, an innovative service that aims to help individuals move money quickly and securely between different person-to-person (P2P) digital payment apps. Later this year, Venmo and PayPal users in the… Read More