April 6, 2022 @ 8:39 am By Omar Faridi  |  

London Stock Exchange Group (LSEG) announced that it has agreed to acquire Global Data Consortium Inc (GDC), an international provider of “high-quality” identity verification data “to support clients with Know Your Customer (KYC) requirements.” Established back in 2012, GDC specializes in “delivering high-speed electronic digital… Read More

April 6, 2022 @ 8:11 am By Omar Faridi  |  

Alpian SA, an innovative digital private bank, has announced the granting by FINMA of a banking license and “a successful CHF19 million Series B+ closing, enabling Alpian to shortly launch to the public in Q3 2022, becoming Switzerland’s first digital private bank.” Alpian, majority-owned by… Read More

April 6, 2022 @ 6:50 am By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), an international firm focused on driving connected commerce for the financial and retail industries, has announced that it will “operate and manage the entire self-service banking channel for Langley Federal Credit Union (FCU).” The credit union will implement “the full suite… Read More

April 5, 2022 @ 11:57 pm By Omar Faridi  |  

Rewire, which claims to be the first digital financial services platform for migrant workers, has entered a partnership agreement with value SIM provider Lebara. The collaboration should give Rewire access to Lebara’s UK client base, the opportunity to fast-track its growth in the United Kingdom… Read More

April 5, 2022 @ 11:38 pm By Omar Faridi  |  

As adoption and usage of BNPL grows as the alternative payment method of choice for younger consumers, Codebase Technologies has responded by creating an innovative BNPL solution to assist banking institutions with addressing the threat of rising BNPL brands. Leveraging Codebase Technologies’ virtual banking platform,… Read More

April 5, 2022 @ 10:29 pm By Omar Faridi  |  

PT FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel Pte Ltd, the parent firm of Kredivo, has announced the acquisition of “a majority stake in PT Bank Bisnis Internasional, Tbk., an IDX listed entity (ticker BBSI).” This acquisition represents a “significant step in FinAccel’s… Read More

April 5, 2022 @ 10:07 pm By JD Alois  |  

The UK government commenced a consultation on crypto-assets in early 2021. This past week, the UK government indicated its intent to acknowledge stablecoins as valid forms of payment while aiming to emerge as the world’s top crypto hub. This stands in stark contrast to the… Read More

April 5, 2022 @ 8:18 pm By Omar Faridi  |  

Payments Canada has announced the selection of Tata Consultancy Services (TCS) (BSE: 532540) (NSE: TCS), a global IT services, consulting and business solutions organization, “as the integration lead for Canada’s real-time payment system, the Real-Time Rail (RTR).” TCS will help plan and orchestrate activities “with… Read More

April 5, 2022 @ 8:06 pm By Omar Faridi  |  

Edison Partners, a growth equity investing firm, has announced the closing of its 10th fund, Edison Partners X, “oversubscribed at $450 million.” Fund X is the firm’s third consecutive fund “dedicated to growth equity since 2015 and the largest in the firm’s 36-year history.” Edison… Read More

April 5, 2022 @ 4:09 pm By Omar Faridi  |  

The Sandbox, a “decentralized” gaming metaverse and a subsidiary of Animoca Brands, and Ledger, the hardware and software security company in crypto and Web3, have partnered “to bring Ledger’s best-in-class security technology to The Sandbox’s global user base.” The partnership will “empower The Sandbox’s 2.2… Read More

April 5, 2022 @ 3:30 pm By JD Alois  |  

  The JOBS Act of 2012 was signed into law by President Barack Obama ten years ago today, on April 5, 2012. In a rare moment of bipartisanship, Republicans and Democrats joined together to help private firms raise much-needed growth capital via online securities offerings…. Read More

April 5, 2022 @ 11:07 am By Omar Faridi  |  

Qonto, a European business finance solution, announced that it will pursue a securities crowdfunding offering on investment marketplace Crowdcube. Qonto claims to be the first European unicorn to “launch a pan-European community equity raise campaign in partnership with the European platform Crowdcube.” The firm,  which… Read More

April 5, 2022 @ 11:00 am By JD Alois  |  

Last Thursday, Members of European Parliament (MEP) voted to create new rules to track crypto transfers. The Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties (LIBE) adopted the legislation, with 93 votes for and 14 against, and 14 abstentions. The… Read More

April 5, 2022 @ 10:38 am By JD Alois  |  

Today, at 2:30 PM ET, Congressman Patrick McHenry, the ranking Republican on the House Financial Services Committee, will be hosting a roundtable to mark the 10th anniversary of the Jumpstart Our Business Startups (JOBS) Act of 2012. The JOBS Act legalized securities crowdfunding including, Reg CF,… Read More

April 5, 2022 @ 10:02 am By Omar Faridi  |  

  The Open Banking Implementation Entity (OBIE) is pleased to confirm the publication of the Open Banking Standard, version 3.1.3 – including updates to the Read/Write API Specification and Customer Experience Guidelines (CEGs). This is “a minor update to version 3.1.2 which was released in… Read More

April 5, 2022 @ 9:51 am By JD Alois  |  

The UK Financial Conduct Authority has made several new hires according to a release. The appointments include a Fintech executive who steps into the Finance Director role. According to the FCA, Craig Chapman will join the regulator as Finance Director in May. Chapman is currently… Read More

April 5, 2022 @ 8:57 am By Omar Faridi  |  

The BBVA and Anthemis partnership led the first pre-seed funding for Wiserentr with an investment of €1 million. The Spanish startup raised “a total of €1.6 million in the funding round, in which Shard Capital also participated.” Its service “reinvents the way to access high-end… Read More

April 5, 2022 @ 8:46 am By JD Alois  |  

Crowdcube is accelerating in France. That is how the new French version of Crowdcube announces itself. Crowdcube is one of the largest securities crowdfunding platforms in the UK as well as Europe. Having long operated in Europe, recent rule changes will make it easier for… Read More

April 5, 2022 @ 7:59 am By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, has announced the completion of its acquisition of PriceRunner, the comparison shopping service in the Nordic region “with operations in Sweden, Denmark, Norway and the United Kingdom.” PriceRunner will aim to “bring new features to the… Read More

April 5, 2022 @ 1:16 am By Omar Faridi  |  

Qolo, the omnichannel payments platform for Fintech, recently announced a strategic partnership agreement with MX, a key player in open finance. Qolo and MX offer “fast-track” solutions to “help businesses, particularly neobanks and fintechs, stand up a core mobile banking experience.” This allows them to… Read More