June 18, 2022 @ 12:07 pm By Omar Faridi  |  

Money movement platform Payveris, a division of Paymentus, has launched Loan Payments®, a loan and debt repayment service “with the widest array of real-time payment methods and channels available on the market.” Loan Payments is designed “to help financial institutions meet rising consumer demand for… Read More

June 17, 2022 @ 7:49 pm By Omar Faridi  |  

Aviva reportedly helps millions of customers with planning for their futures so its a key moment for the Open Banking community when they decide “to make a move in this space.” Bud‘s management noted that they’re looking forward “to supporting them along the way.” It’s… Read More

June 17, 2022 @ 6:48 pm By JD Alois  |  

Klarna, a European buy now – pay later (BNPL) platform that has experienced rapid growth, is planning to raise additional funding in a down round that may be a warning sign for the entire BNPL sector. According to a report by WSJ.com, Klarna is aiming… Read More

June 17, 2022 @ 6:12 pm By Omar Faridi  |  

Ant Group recently announced the launch of Alipay+ Unified Payment. This product upgrade “provides a unified, scalable technical solution to help online and brick-and-mortar merchants collect money through all digital payment methods supported by Alipay+ in a more convenient and effective way.” Alipay+ offers “a… Read More

June 17, 2022 @ 6:06 pm By Omar Faridi  |  

SEB Venture Capital is making an investment in one of Europe’s “fastest-growing” automated savings platforms, Lysa. As part of the investment, SEB will “support the company’s continued growth and international expansion.” Lysa was founded in 2015 and has recently “become one of the largest and… Read More

June 17, 2022 @ 3:48 pm By JD Alois  |  

Huobi Group, an operator of a crypto exchange, says it has received regulatory approval in two new jurisdictions: Dubai and New Zealand. In Dubai, Huobi obtained a DIFC Innovation License. In New Zealand, Huobi has been added to the Financial Services Provider Register. Huobi said these… Read More

June 17, 2022 @ 3:36 pm By Omar Faridi  |  

Ashman has announced its UK banking license (Authorized with Restrictions or ‘AwR’), which means it has been authorized and regulated “to trade with restrictions by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).” Ashman, which was founded by real-estate entrepreneurs Ashkin Mittal and… Read More

June 17, 2022 @ 3:23 pm By JD Alois  |  

The Financial Action Task Force (FATF), a global entity that engages financial regulators around the world, met this week to discuss multiple initiatives including the digital asset marketplace and Virtual Asset Service Providers (VASPs) as well as Travel Rule implementation. The Travel Rule is a… Read More

June 17, 2022 @ 3:03 pm By JD Alois  |  

BetaBank, an aspiring digital bank that is yet to launch, has announced that it has selected Backbase to power its banking platform. BetaBank states that it will be the first digital bank in the United States to be built entirely on Google Cloud from the… Read More

June 17, 2022 @ 2:38 pm By JD Alois  |  

House Republicans have sent a letter to the Chairman of the SEC Gary Gensler telling him to halt his pursuit of proposed climate disclosure rules as over-stepping the statutory responsibilities of the Commission. In the letter, signed by 129 Republicans led by the top Republican… Read More

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

Identitii Limited (ASX:ID8) is pleased to confirm it has signed a five-year SLA with the Australian arm of the Dutch-led multinational banking and financial services group, Rabobank. Rabobank Australia will “use Identitii’s Cloud-hosted reporting platform, to help further automate IFTI reporting to AUSTRAC.” John Rayment,… Read More

June 17, 2022 @ 11:26 am By Omar Faridi  |  

Mazepay is pleased to confirm that they’re under the Danish Financial Supervisory Authority (DFSA) supervision. Mazepay is a pan-European payments institute. After a long application and enrollment process, Mazepay have been “granted a pan-European payments institute license by the DFSA, enabling it to handle transactions… Read More

June 17, 2022 @ 10:41 am By JD Alois  |  

The US Senate has confirmed two new SEC Commissioners; Jaime Lizárraga and Mark Uyeda. Lizárraga previously served as Senior Advisor to Speaker of the House Nancy Pelosi where he covered issues relating to financial markets, housing, international financial institutions, immigration, and small business policy. He… Read More

June 17, 2022 @ 10:04 am By JD Alois  |  

PayCargo, a logistics payment platform for shipping cargo, has raised a $130 million Series C from Blackstone Growth (BXG). The global digital all-in-one payment platform for the freight, cargo, and logistics said the funding will support its domestic and international expansion. Eduardo Del Riego, PayCargo… Read More

June 17, 2022 @ 9:51 am By JD Alois  |  

Babel Finance, a Hong Kong-based crypto firm that recently raised $80 million at a $2 billion valuation, has halted all withdrawals and redemptions according to a company statement. Posted on the website, Babel Finance explains: “Recently, the market has fluctuated violently, and some institutions in… Read More

June 17, 2022 @ 8:36 am By Omar Faridi  |  

Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), announced that it is preparing “to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC).” Available June 30, Euro Coin is “a regulated, euro-backed stablecoin issued under… Read More

June 17, 2022 @ 8:20 am By Omar Faridi  |  

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

June 17, 2022 @ 8:16 am By Omar Faridi  |  

Fintech Australia has signed up major corporate partners, establishing a total of 11 key partnerships within the last five months. Fintech Australia‘s ecosystem partnership program assists firms with collaborating with the Fintech sector and foster relationships with its major players. The new Gold tier partners… Read More

June 17, 2022 @ 6:53 am By Omar Faridi  |  

Episode Six, a global payment and banking infrastructure provider, announced a new relationship with Galaxy FinX, Vietnam’s Fintech builder that is “re-shaping” the future of money and banking in the country. The deal “represents two firsts for Episode Six: a partnership in Vietnam as well… Read More

June 16, 2022 @ 11:30 pm By JD Alois  |  

Foxstone, a real estate crowdfunding platform, has raised a CHF 10 million Series A funding round according to a note from the company. Foxstone said all existing investors participated in the securities round along with new investors including Rosablanche Ventures, the family investment vehicle of… Read More