August 18, 2022 @ 7:56 am By Omar Faridi  |  

The Bank of London, which claims to be the first purpose-built global clearing, agency, and transaction bank, welcomed Economy Minister Gordon Lyons MLA “to mark the opening of its new Northern Ireland Headquarters, based in the landmark Soloist office at Lanyon Place in Belfast.” During… Read More

August 18, 2022 @ 7:52 am By Omar Faridi  |  

Crypto.com, which claims to be the “fastest-growing” cryptocurrency platform, announced that it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as “a crypto-asset business.” This registration will “enable Crypto.com to offer a suite of products and services to… Read More

August 17, 2022 @ 11:35 pm By Omar Faridi  |  

viafintech GmbH, part of the leading specialized payments platform, Paysafe (NYSE: PSFE), recently announced a partnership with Pecunpay “to launch a new cash deposit and withdrawal network in Spain.” Pecunpay, a brand from e-money institution Pecunia Cards EDE, “specializes in innovative e-payment and e-money processing… Read More

August 17, 2022 @ 11:24 pm By Omar Faridi  |  

Azerbaijan-headquartered SmilePay has reportedly entered agreements with two large food retailers in the nation in order to allow consumers to purchase their groceries using their faces. SmilePay has acquired an investment from the largest acquirer bank in Azerbaijan, Pasha, and entered deals with the Bravo… Read More

August 17, 2022 @ 10:39 pm By Omar Faridi  |  

Nebeus, the European cryptocurrency app, has announced a partnership with Modulr, the embedded payments platform, “to augment its offering with accounts, real-time payments and Visa cards.” This move makes Nebeus one of the first European companies “to leverage Modulr’s one-stop card issuing solution across the… Read More

August 17, 2022 @ 10:30 pm By Omar Faridi  |  

Digital wealth management platform and broker Scalable Capital has reportedly doubled customer assets during the last 12 months to hit a high water mark of €10 billion in assets under management. The firm, which moved into cryptocurrency trading in December 2021, now claims over 600,000… Read More

August 17, 2022 @ 9:47 pm By Omar Faridi  |  

SmartCrowd Holdings, a firm focused on fractional real estate investments, has been issued a Fintech experimental license by the Saudi Capital Markets Authority (CMA). SmartCrowd is now focused on following through with business requirements for the launch of its Real Estate Funds Distribution Platform, making… Read More

August 17, 2022 @ 9:39 pm By Omar Faridi  |  

The Federal Reserve Board on Monday (August 15, 2022) announced final guidelines that establish “a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services.” The final guidelines are substantially “similar to… Read More

August 17, 2022 @ 5:07 pm By Omar Faridi  |  

Pomelo has announced a $20 million round in venture capital and $50 million in warehouse facility for a total of $70 million in seed financing, and claims to be “the first company to combine credit and international money transfer.” Pomelo also “announced its official launch… Read More

August 17, 2022 @ 4:36 pm By Omar Faridi  |  

Zimpler, a Fintech company based in Sweden, has partnered with Fintech startup Gigapay in order to offer content creators with a seamless payout management system. Gigapay was reportedly the first to accommodate freelancers without a registered firm and now thanks to their collaboration with Zimpler,… Read More

August 17, 2022 @ 4:16 pm By JD Alois  |  

Ranqx, a digital lender based in New Zealand, says it has expanded into North America to “fix” the SME credit and lending market. Ranqx says that following its success in the APAC region, it aims to address the small business lending market by providing banks,… Read More

August 17, 2022 @ 3:17 pm By Omar Faridi  |  

WebBank has announced an agreement with American Express (NYSE: AXP) “to become a card issuer and participant in the American Express network.” The collaboration allows WebBank “to issue credit card and payment solutions that include American Express benefits.” American Express selected WebBank “as one of… Read More

August 17, 2022 @ 3:07 pm By Omar Faridi  |  

Established in 2010, Mindbanque’s consultants use their industry experience and understanding of the finance sector “to offer guidance and insight to shape business strategy and manage business transformation projects, using strengths across operations, compliance, integration and project management.” The acquisition of Mindbanque will “allow SkySparc… Read More

August 17, 2022 @ 2:46 pm By Omar Faridi  |  

MX, a firm focused on the Open Finance ecosystem, recently announced that Guild Financial, an investing platform helping the U.S. military community, is “leveraging MX to enable military service members, veterans, and their families to easily and securely connect financial data to help them build… Read More

August 17, 2022 @ 2:44 pm By Omar Faridi  |  

Scotiabank recently announced the launch of Scotia TranXactTM – a digital payments platform that “provides business banking clients with on-demand access to Scotiabank’s payments and cash management Application Programming Interfaces (APIs).” With Scotia TranXact business banking clients now “have access to real-time payments, request-to-pay and… Read More

August 17, 2022 @ 2:17 pm By Omar Faridi  |  

SigFig, a key player focused on enterprise financial technology that develops next-generation products for banks and wealth management firms, announced the appointment of Amanda LaFerriere, a “results-driven” product executive, as Chief Product Officer and Clifford Schoeman, a strategic executive “with extensive knowledge of wealth management,… Read More

August 17, 2022 @ 1:03 pm By JD Alois  |  

Super Payments Holdings Ltd has raised £22.5 million in an over-subscribed funding round led by Accel. Other investors include Union Square Ventures, LocalGlobe, and a number of angel investors, including Sir Ron Kalifa OBE, Edward Wray (co-founder of Betfair), Peter Jackson (CEO of Flutter), Gokul… Read More

August 17, 2022 @ 12:27 pm By Omar Faridi  |  

Casper Arboll from Perenna notes that the firm has secured a banking license “with restrictions by the PRA and the FCA.” They are delighted to share that Perenna has been awarded a banking permit but with certain restrictions by the UK’s Prudential Regulatory Authority and the… Read More

August 17, 2022 @ 11:55 am By JD Alois  |  

Genesis, a digital asset prime brokerage providing services for qualified individuals and global institutional investors, has announced a number of executive changes to “position the company for its next phase of growth.” Genesis is controlled by the Digital Currency Group. Effective immediately, Michael Moro, Genesis… Read More

August 17, 2022 @ 10:57 am By Omar Faridi  |  

Robo.cash notes that since the beginning of 2022, P2P investments have increased their share in investor portfolios (considerably more than other assets). At the same time, when planning their future expenses, investors still “trust stocks more,” the team at Robocash wrote in a blog post…. Read More