October 31, 2022 @ 11:35 pm By Omar Faridi  |  

The Green and Sustainable Finance Cross-Agency Steering Group welcomes the launch of Core Climate, the international carbon marketplace “set up by the Hong Kong Exchanges and Clearing Limited (HKEX).” Core Climate will “provide effective and transparent trading of voluntary carbon credits and instruments across Asia and… Read More

October 31, 2022 @ 10:54 pm By Omar Faridi  |  

Maybank Indonesia announced its Consolidated Financial Results for nine months ended 30 September 2022, “with Profit before Tax (PBT) of Rp1.48 trillion and Profit after Tax and Minority Interest (PATAMI) of Rp1.06 trillion.” The Bank’s PBT and PATAMI “remained comparatively stable to last year’s results.”… Read More

October 31, 2022 @ 9:27 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, has rolled out their Disbursement and Collections solution for Lending, “to enable NBFCs and their partner LSPs to comply with the new Digital Lending guidelines.” Cashfree Payments will “facilitate both digital lending and co-lending use cases… Read More

October 31, 2022 @ 8:48 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be the world’s leader in digital payments, announced plans to open a state-of-the art Innovation Center in Riyadh, Saudi Arabia “at the Future Investment Initiative.” The facility, that will be operational by the end of 2023, is “being built… Read More

October 31, 2022 @ 7:06 pm By JD Alois  |  

Apollo (NYSE: APO), one of the largest private equity and asset managers in the world, has custodied its first digital assets with Anchorage Digital, according to a company statement. Apollo currently has a market cap of over $33 billion. A growing number of banks and… Read More

October 31, 2022 @ 3:29 pm By JD Alois  |  

Valereum plc (AQSE: VLRM) has been approved to acquire the Gibraltar Stock Exchange (GSX). The consent was provided by the Gibraltar Financial Services Commission (GFSC). The deal was first revealed in the fall of 2021. The acquisition is expected to be completed in the first… Read More

October 31, 2022 @ 2:42 pm By JD Alois  |  

  Wefunder, one of the leading funding portals raising money for early-stage firms, is nearing the close of its most recent Reg CF investment crowdfunding round. The round is being hosted on HoneyComb Credit – another funding portal that typically provides small business loans. Currently,… Read More

October 31, 2022 @ 2:16 pm By JD Alois  |  

DBS, a top financial services group in Asia with a presence in 18 markets and based in Singapore, has announced an initiative to create a programmable digital Singapore dollars (DSGD). The project has the defacto approval of the Singapore government which recently indicated its support… Read More

October 31, 2022 @ 1:50 pm By Omar Faridi  |  

Sterling Trading Tech (STT), a provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced it has signed with Avenue Securities, a U.S. digital brokerage serving retail investors in Brazil, “to provide its suite of technology… Read More

October 31, 2022 @ 1:47 pm By Omar Faridi  |  

Prosper Marketplace announced access to a new fixed-rate Home Equity Loan (HELoan) product for its customers in select US markets, “following the lending platform’s strong performance in personal loan origination last quarter.” This new product “complements Prosper’s suite of home equity products and resources and… Read More

October 31, 2022 @ 1:47 pm By Omar Faridi  |  

Jumio, the provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, unveiled its extended Jumio KYX Platform, with “an integrated orchestration hub benefiting from the company’s acquisition of 4Stop.” The platform “streamlines fraud and eKYC/AML compliance management with the intuitive one-stop orchestration hub,… Read More

October 31, 2022 @ 10:37 am By Omar Faridi  |  

Molo Finance has partnered with Brilliant Solutions, a distributor of mortgages that sits between mortgage brokers and lenders. This partnership “further underlines Molo’s ambitions to offer fully-digital mortgages on a larger scale and it will provide Brilliant Solutions’ membership of directly authorized (DA) brokers with… Read More

October 31, 2022 @ 9:07 am By Omar Faridi  |  

Collctiv, a group payment app that allows friends, families, businesses, charities, and community groups to collect money together, has launched operations in the US. Due to steady demand, an “eager” waiting list of users in the US who have previously watched on from afar, will… Read More

October 31, 2022 @ 8:54 am By Omar Faridi  |  

Crypto lending platforms, including BlockFi, Ledn, and Nexo, have recently raised their interest rates on deposits. Historically, crypto lending platforms have offered fairly steep returns. The question is, why? They’re citing a lack of options for borrowers, given both Celsius and Voyager going bankrupt, but… Read More

October 31, 2022 @ 8:37 am By Omar Faridi  |  

Banking Circle S.A. is set to help US payments providers expand out of the domestic market with low-cost and fast cross-border payments across 25 currencies. Underlining the momentum it has gained as an alternative to correspondent banking for cross-border payments, Banking Circle S.A. is “forecasting… Read More

October 31, 2022 @ 8:13 am By JD Alois  |  

Financial Conduct Authority (FCA) CEO Nikhil Rathi delivered a speech last week that reflected upon the ever-changing regulatory environment. Rathi re-affirmed the FCA’s mission of fostering competition stating, “we will continue to embed competitiveness throughout our regulatory approach,” while noting this will not come to… Read More

October 31, 2022 @ 7:51 am By Omar Faridi  |  

Adyen (AMS: ADYEN)  has broadened its offering by taking live two new embedded financial products – Capital and Accounts – which are now “available to platform and marketplace businesses in the US and Europe via Adyen’s single integration.” Adyen, the global financial technology platform of… Read More

October 31, 2022 @ 7:47 am By Omar Faridi  |  

Payer, the B2B technology company specializing in digital conversion, payments, and finance automation, with a mission to digitalize the B2B industry wherever payments play a central role, has announced that it will now facilitate American Express payments “across the Nordics in Denmark, Finland, Norway, and… Read More

October 30, 2022 @ 11:25 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced its partnership with Ashman Bank, a new entrant bank with plans “to transform the banking experience for UK property SMEs, a… Read More

October 30, 2022 @ 11:07 pm By Omar Faridi  |  

Embedded finance integrator AAZZUR and alternative asset manager Channel Capital have formed “an embedded lending partnership.” The multi-faceted partnership will “see AAZZUR supporting Channel’s digital SME lending strategy.” Channel has invested significantly in “developing proprietary systems using APIs, Open Banking and cloud-based technologies to provide… Read More