June 10, 2022 @ 8:11 pm By JD Alois  |  

YAS MicroInsurance (YAS) and Amodo have partnered to deliver insurance on-chain, according to a company statement. YAS is an Asia-Pacific Insurtech that is combining blockchain technology and insurance. Amodo is a telematics company providing on-demand insurance that is hyper-localized and usage-based insurance. The two firms… Read More

June 10, 2022 @ 6:38 pm By Omar Faridi  |  

ICICI Bank recently announced that it has teamed up with ZestMoney, a digital EMI/ pay-later platform, in order to expand its ‘Cardless EMI’ facility “for purchases at retail and e-commerce platforms.” The partnership enhances affordability for millions of customers of the Bank who can use… Read More

June 10, 2022 @ 5:35 pm By JD Alois  |  

Inflation continues to rocket higher with no end in sight. Today, the US Bureau of Labor Statistics reported that prices rose by1% in May driving the annual rate of inflation to 8.6% – a 40-year high. All prices are going up but perhaps most acutely… Read More

June 10, 2022 @ 5:14 pm By Omar Faridi  |  

Payment orchestration provider BR-DGE has teamed up with Fintech firm Trust Payments in order to offer its merchants access to Trust Payments’ suite of Converged Commerce offerings. The partnership should allow BR-DGE clients to access Trust Payments’ tech, which includes a comprehensive payments platform, risk… Read More

June 10, 2022 @ 3:56 pm By Omar Faridi  |  

Thought Machine, the Cloud-native banking tech firm, has launched Vault Payments: a new, cloud-native cards and payments processing platform. Launching with card processing on the Mastercard network, Vault Payments has been built from scratch “as a cloud-native payments processing platform – ensuring the platform is… Read More

June 10, 2022 @ 3:07 pm By JD Alois  |  

Serai, an HSBC-founded venture based in Hong Kong that offered a B2B supply-chain platform, has shut down. The move was foreshadowed in an executive change last month when Vivek Ramachandran, formerly CEO of Seria, was appointed as Head of Global Trade and Receivables Finance (GTRF)… Read More

June 10, 2022 @ 2:50 pm By Omar Faridi  |  

Instant payments are at “the top” of P27’s agenda. And more than a dozen banks connected to Swedish instant payments solution Swish are “set to test the Nordic payments platform by the end of the year.” Customer Relations Director Jacob Groth said: “We’re doing everything… Read More

June 10, 2022 @ 2:48 pm By JD Alois  |  

LendingClub Bank: Well Positioned for the Future. Recently, Fintech Nexus (formerly known as LendIt Fintech) held its annual event in New York City. Hundreds of Fintechs showed up for the in-person event that spanned the spectrum of innovative financial services. From blockchain to online capital… Read More

June 10, 2022 @ 11:53 am By Omar Faridi  |  

On the margins of the Ninth Summit of the Americas, DFC and Mastercard (NYSE: MA) announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed “to… Read More

June 10, 2022 @ 11:14 am By Omar Faridi  |  

“Renowned” by credit unions for its digital communications capabilities, Eltropy recently  announced the acquisition of video banking service provider POPi/o. The acquisition strengthens Eltropy’s digital communications platform, and represents one of the fastest Fintech expansions in the industry, the company claims. Eltropy now empowers more… Read More

June 10, 2022 @ 10:59 am By Omar Faridi  |  

Januar, the compliant gateway to the new digital economy for crypto businesses and institutional investors, has chosen Tuum as the core banking platform “to power its pan-Europe goals.” Tuum’s banking core will be used “to build account and payment solutions for crypto companies, in order… Read More

June 10, 2022 @ 10:57 am By JD Alois  |  

Huobi Global has announced the creation of Ivy Blocks, a subsidiary that will invest in early-stage blockchain ventures in the DeFi and Web3 space. Huobi said in a corporate statement that its “multi-billion dollar war chest” will allow Ivy Blocks to gain access to unique… Read More

June 10, 2022 @ 10:45 am By Omar Faridi  |  

HSBC recently revealed that it is offering the Oxford Fintech Program to staff, “in first partnership of its kind between the University and the banking sector.” One of Europe’s biggest banks, HSBC, is joining forces with Saïd Business School, University of Oxford, “to help train… Read More

June 10, 2022 @ 9:38 am By Omar Faridi  |  

Backbase, creator of the “category-leading” Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering “with a Fintech specialist private equity firm, to further strengthen its claim on the… Read More

June 10, 2022 @ 9:33 am By JD Alois  |  

  Proportunity, a mortgage enabler for home buyers, is planning to raise growth capital on Seedrs. Proportunity is an interesting financing platform as it provides part of the capital needed to purchase a home. As prices rise along with inflation, Proportunity can provide an alternative… Read More

June 10, 2022 @ 9:17 am By JD Alois  |  

Unstoppable Domains and Blockchain.com have announced a collaboration that will provide .blockchain NFT domains to their users. The two companies explain that in the coming weeks, 83 million Blockchain.com Wallet users will be able to get a free .blockchain domain from the Blockchain.com Wallet. For… Read More

June 10, 2022 @ 8:28 am By JD Alois  |  

Crowdcube, one of the largest investment crowdfunding platforms in Europe, has shared some insight into May’s platform performance. In a Tweet, Crowdcube reported that 27,265 investors committed over £28 million during the month. Moneybox topped the list of investments garnering 15,461 investors contributing almost £6.4… Read More

June 10, 2022 @ 7:56 am By Omar Faridi  |  

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More

June 10, 2022 @ 7:51 am By Omar Faridi  |  

Swedish firm Juni, a neobank focused on digital commerce entrepreneurs, has finalized a $206 million Series B and venture debt funding. The $100 million Series B investment round has been led by Mubadala Capital, whose international Fintech initiatives reportedly include investments in SpotOn, Brex, C2FO,… Read More

June 10, 2022 @ 7:45 am By Omar Faridi  |  

Satago, a provider of invoice financing and Lending as a Service software solutions, has signed a LOI “to enter into a three-way partnership with Sage and Lloyds Bank.” The partnership will formalize plans “to create an embedded finance solution within Sage, the leader in accounting,… Read More