June 16, 2022 @ 10:08 pm By Omar Faridi  |  

Narmi, a provider of open digital banking technologies, announced $35 million in Series B funding co-led by Greycroft and existing investors NEA and Picus Capital. Narmi claims it is one of the fastest-growing companies “servicing financial institutions in the United States and plans to leverage… Read More

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

June 16, 2022 @ 8:37 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services “delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation.” TS Banking Group will “migrate the entirety of its banking operations to Temenos’ leading open platform… Read More

June 16, 2022 @ 7:50 pm By Omar Faridi  |  

Flip, Indonesia’s consumer payments platform, announced a second close of a Series B funding round “led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.” A number of experienced operators “participated meaningfully in this extension round, including Guillaume Pousaz,… Read More

June 16, 2022 @ 7:43 pm By JD Alois  |  

Rich Glory Coin, a digital security being issued to raise capital and expand the Dagang Oil Field in the Kongnan Block, is available on Securitize for accredited and institutional investors. The tokenized debt is seeking up to USD$ 25 million with a three-year term, paying… Read More

June 16, 2022 @ 7:07 pm By Omar Faridi  |  

Fintech lender Uncapped announced the acquisition of Sugar, a specialist flexible finance provider for gaming and digital apps. Sugar will “continue to trade under the new brand Sugar powered by Uncapped.” The acquisition gives Uncapped “a foothold in the gaming and apps market.” Sugar also… Read More

June 16, 2022 @ 6:15 pm By JD Alois  |  

Bitso, a Mexico-based crypto platform that claims to be the leading platform of its kind in Latin America, says it has completed $1 billion in remittances during the first 6 months of 2022. This represents 4X the same period in 2021. Currently, Bitso claims over… Read More

June 16, 2022 @ 4:32 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, revealed that its subsidiary, The Depository Trust Company (DTC), successfully “processed the U.S. market’s first-ever, fully-automated voluntary reorganization ISO 20022 instruction as part of its newly automated Voluntary… Read More

June 16, 2022 @ 4:27 pm By JD Alois  |  

The economy is sinking, interest rates are rising and gas at the pump is around $6 a gallon. Following years of a bull market, the US has encountered a bear market with expectations the pain is just getting started. While the signs of looming economic… Read More

June 16, 2022 @ 3:18 pm By JD Alois  |  

  Late last year, Republic announced its acquisition of Seedrs – a leading UK-based investment crowdfunding platform. Republic paid $100 million to acquire the firm. Seedrs has long operated in both the UK and the European continent providing access to capital for early-stage and later-stage… Read More

June 16, 2022 @ 2:47 pm By JD Alois  |  

Plaid has officially opened an office in Toronto, Canada as it aims to expand its presence in the market. Simultaneously, Plaid announced an agreement with RBC to access data. According to a blog post: “The agreement will – for the first time – bring about… Read More

June 16, 2022 @ 2:38 pm By JD Alois  |  

Business Warrior Corp. (OTC: BZWR) has acquired Alchemy Technologies for $8.75 million, according to a statement by the company. Business Warrior is a SaaS company that aims to help small businesses attract new customers. Alchemy is a Fintech Lending as a Service provider that enables… Read More

June 16, 2022 @ 2:24 pm By Omar Faridi  |  

BANCOMAT S.p.A and Discover signed a strategic agreement that “increases acceptance for Discover, Diners Club International and network alliance cardholders, all part of the Discover Global Network.” This new partnership will “give cardholders the ability to use their cards and mobile payment products on the… Read More

June 16, 2022 @ 11:17 am By JD Alois  |  

Celsius continues to struggle in the background to resurrect its crypto banking operations. This past weekend, Celsius announced it had paused all withdrawals due to an apparent crypto bank run. Of course, this generated panic and frustration from its users that had trusted the operation… Read More

June 16, 2022 @ 10:59 am By JD Alois  |  

Earlier this month, US Senators Kirsten Gillibrand and Cynthia Lummis revealed their long-anticipated legislation aiming to provide a clearcut regulatory regime for the digital asset industry. The language of the bill represents a comprehensive approach for crypto including digital securities, stablecoins, and more while selecting… Read More

June 16, 2022 @ 10:08 am By JD Alois  |  

SEC Commissioner Hester Peirce posted a speech this week that addresses crypto markets and regulation. Commissioner Peirce has long taken a thoughtful approach in regards to digital asset innovation while generally being supportive Fintech. Peirce mentioned the bipartisan legislation published this month that aims to… Read More

June 16, 2022 @ 8:50 am By JD Alois  |  

The cost of living is rising higher and credit is along for the ride. With no end in sight to rising interest rates and inflation, the UK Financial Conduct Authority (FCA) is asking lenders to help consumers during a difficult time. In a release, the… Read More

June 16, 2022 @ 8:25 am By Omar Faridi  |  

Wealthsimple is reportedly laying off 13% of its staff members as the financial services firm joins the slew of global technology businesses facing market “immense volatility.” In a letter to staff of the Toronto-headquartered company on Wednesday, CEO Michael Katchen noted that 159 of the… Read More

June 16, 2022 @ 7:59 am By Omar Faridi  |  

Rewire, a digital wallet designed for economic migrants, has made its very first acquisition, picking up Imagen, a pre-paid card service provider intended for migrants in Israel. Financial terms were not shared publicly. Imagen operates over 30,000 active pre-paid MasterCards that are connected to the… Read More

June 16, 2022 @ 7:57 am By Omar Faridi  |  

With summer firmly upon us, Lisbon’s technology scene is beginning to heat up as it welcomes the launch of “plug-and-play” finance provider, Weavr, to Portugal. In recent times, Portugal has become “a noted hub for startups,” according to an update shared with CI. In fact,… Read More