November 8, 2022 @ 10:57 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a global fintech company, announced a collaboration “to extend embedded finance capabilities to all financial institutions in the Finastra BaaS (Banking as a Service) ecosystem.” Banks will be able “to deliver financing offerings… Read More

November 8, 2022 @ 10:47 pm By Omar Faridi  |  

The strategic collaboration between Odoo and Aramco outlines the long-term goals between the two companies “in line with Saudi Arabia’s Vision 2030.” Small and medium-sized enterprises (SMEs) are “among the most significant drivers of economic growth and an important area of focus of the Saudi… Read More

November 8, 2022 @ 10:30 pm By JD Alois  |  

The dust has yet to settle, and the deal has not yet closed, but Binance’s rapid acquisition of FTX following a liquidity crunch is questioning the entire crypto ecosystem. Just last week, FTX appeared to be Teflon against any attacks lobbed against the digital asset… Read More

November 8, 2022 @ 10:05 pm By Omar Faridi  |  

Facctum, a Risktech firm specializing in cloud-delivered enterprise risk decisioning technology, recently announced the launch of FacctSet, a solution designed to streamline watchlist management for enhanced compliance outcomes. FacctSet is reportedly one of the first purpose-built products designed to address the various data management challenges… Read More

November 8, 2022 @ 10:03 pm By Omar Faridi  |  

Friktion, Solana’s portfolio management platform launched in December 2021, has successfully attracted crypto-native and traditional institutions “managing up to $60 billion in AUM who seek to access leading risk-adjusted and transparent yields on DeFi.” Friktion Institutional is “a new arm of the protocol aimed to… Read More

November 8, 2022 @ 5:22 pm By JD Alois  |  

Mainvest, a FINRA-regulated Funding Portal, is looking to raise money on another funding portal – Republic. Mainvest is a securities platform that aims to provide access to capital for “main street” type firms. According to the offering page on Republic, Mainvest is looking to raise… Read More

November 8, 2022 @ 4:53 pm By JD Alois  |  

Following the news that Binance will acquire FTX.com due to liquidity problems, Congressman Patrick McHenry, the ranking Republican member on the House Committee on Financial Services, has issued a statement that there is a need for Congressional action. McHenry has long been supportive of Fintech… Read More

November 8, 2022 @ 4:25 pm By JD Alois  |  

The European Union has posted the “delegated regulation” regarding European Securities Crowdfunding Provider Regulation (ECSPR). The document supplements previous documents as the EU works towards all platforms operating under the new rules. In November 2020, the EU approved new regulation for investment crowdfunding allowing issuers… Read More

November 8, 2022 @ 2:07 pm By Omar Faridi  |  

5Mins AI, the gamified learning platform reinventing employee upskilling, has raised $5.7M in a seed round “led by AlbionVC. AlbionVC has been joined by Chalfen Ventures, Portfolio Ventures, Blue Lion Global and Edenred Capital Partners – the venture arm of the global employee benefits leader,… Read More

November 8, 2022 @ 1:53 pm By Omar Faridi  |  

The cyber risk landscape is “rapidly evolving,” with cyberattacks increasing in severity and sophistication. Hackers now “use triple extortion techniques and ransomware-as-a-service has lowered entry barriers for cybercriminals.” In addition, increased digitalization of critical infrastructure has made it “more vulnerable to cyber threats – with… Read More

November 8, 2022 @ 11:56 am By JD Alois  |  

“Digital insurance agency” Glow has raised $22.5 million in Series A funding. The round was led by Cota Capital, with AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and more participating in the round. Glow is an Insurtech that aims to automate the insurance process… Read More

November 8, 2022 @ 11:40 am By Omar Faridi  |  

Since its inception, SEON has been making effective online fraud prevention more accessible for “all businesses operating online.” Now, the company has “taken the next step in that mission by announcing a ‘forever free’ version of its online fraud prevention platform.” The free plan will… Read More

November 8, 2022 @ 11:26 am By JD Alois  |  

The dust-up between Binance and FTX has turned into a bit of a shit show. In the past days, Binance founder and CEO Chengpeng “CZ” Zhou – announced via Twitter it would be selling its FTT, the native token of FTX received from a past… Read More

November 8, 2022 @ 9:03 am By JD Alois  |  

Neobank Revolut has announced a new instant messaging feature for users in the UK, US and EEA. The chat feature is for account holders to communicate with other users while sending or requesting funds. According to Revolut,  the chat feature is designed to make it… Read More

November 8, 2022 @ 8:44 am By Omar Faridi  |  

Backbase, a global player focused on Engagement Banking, announced an expanded relationship with Eastern Bank, a Boston-based financial institution with approximately $22 billion in assets. Eastern is “adopting Backbase-as-a-Service (BaaS) and Backbase’s Engagement Banking Platform, which will offer enhanced digital banking solutions.” The solutions Eastern… Read More

November 8, 2022 @ 8:00 am By JD Alois  |  

Quona Capital has announced a new Fintech venture fund which has raised $332 million to “accelerate financial inclusion investments in emerging markets.” Quona Capital was established as an independent venture capital firm in 2015 by co-founding managing partners Monica Brand Engel, Jonathan Whittle, and Ganesh Rengaswamy. According to… Read More

November 8, 2022 @ 7:57 am By Omar Faridi  |  

One of Europe’s “fastest-growing” digital currency exchanges Coinmetro has closed an interim funding round of EUR 7million, “valuing the company at EUR 180million.” The “community-driven” exchange claims it has become “a go-to platform for jaded customers from some of the more established cryptocurrency platforms, with… Read More

November 8, 2022 @ 7:52 am By Omar Faridi  |  

Worldr, the “zero trust” architecture for the world’s collaboration and communications platforms, is announcing that it has “raised a total of $11 million in Seed funding.” The investment round was “led by Molten Ventures, with continued support from IQ Capital and Playfair Capital.” It also… Read More

November 8, 2022 @ 1:14 am By Omar Faridi  |  

Paysera has reportedly made an agreement with the global Fintech platform Airwallex. This agreement opens the gateway for Paysera’s customers to send funds to 149 different countries and open IBAN accounts of 9 countries. Bashkim Zeqiri, the Vice President of the Paysera Group, and the… Read More

November 7, 2022 @ 11:47 pm By Omar Faridi  |  

International insurtech bolttech recetnly announced the expansion of its existing partnership with WINDTRE with the launch of “a new ‘Reload exChange’ trade-in program in Italy.” With this new product, WINDTRE customers can now “trade-in their used phones in-store and receive cash payments directly to their… Read More