March 30, 2022 @ 8:29 am By JD Alois  |  

Yesterday, the Banca D’Italia or Bank of Italy – the country’s central bank – issued a statement banning N26 from accepting new customers. The central bank said that the decision follows an on-site inspection that “revealed significant shortcomings in respect of anti-money laundering.” The Bank… Read More

March 30, 2022 @ 8:10 am By Omar Faridi  |  

FTX Europe recently announced the appointment “per October 1st, 2022” of Dr. Marcel Lötscher, LL.M. MBA, to the newly created position, Head of Regulatory Strategy. Lötscher is being hired to continue FTX’s global expansion into Europe and the Middle East, “giving users in European Economic… Read More

March 30, 2022 @ 8:08 am By Tony Zerucha  |  

This week, cloud banking platform Temenos announced a collaboration with Mastercard that will help banks accelerate their introduction of Request to Pay services in the United Kingdom. This new initiative combines pre-composed solutions on the Temenos Banking Cloud with market-certified Mastercard services, making it more… Read More

March 30, 2022 @ 8:06 am By Omar Faridi  |  

A report from Huobi Research Institute, a blockchain research organization, has identified multi-chain networks as “key to the blockchain ecosystem’s long-term development due to the security, decentralization and scalability they offer.” Titled “Game of Thrones in Blockchain: Multi-chain Networks Battle for Supremacy”, the report by… Read More

March 30, 2022 @ 8:05 am By Tony Zerucha  |  

While popular with consumers, buy now, pay later (BNPL) services also confuse them, results of a survey commissioned by BNPL firm Zilch suggest. Zilch plans on launching later this spring. BNPL has been used by 31% of consumers, but many folks do not understand how… Read More

March 30, 2022 @ 8:03 am By Omar Faridi  |  

Zimpler, a Swedish Fintech within the payments space, has secured new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house “focused on long-term quality growth.” FT Partners advises leading Swedish account-to-account payment provider Zimpler (@zimplers) on its new equity funding round… Read More

March 29, 2022 @ 11:46 pm By Omar Faridi  |  

In order to expand its offer for its individual clients, Yeeld, the Fintech firm which provides a savings assistance application, has chosen the joint offer of Franfinance, the consumer credit specialist and Treezor, the leader in Banking-as-a-Service (BaaS), enabling technological and regulatory aspects to be… Read More

March 29, 2022 @ 10:37 pm By Omar Faridi  |  

Mashreq Bank, a leading financial institution based in the United Arab Emirates, has completed the transition of its payments division into a wholly owned subsidiary, IDFAA Payment Services LLC, with a brand name NEOPAY, supported by Mashreq. NEOPAY, powered by Mashreq Bank, will reportedly leverage… Read More

March 29, 2022 @ 10:26 pm By Tony Zerucha  |  

Kenyan fintech Churpy this week announced a $1 million seed round led by Unicorn Growth Capital. Also participating were Antler East Africa, Nairobi’s business angel network and a group of Rally Cap LPs, including senior executives from Stripe. The funds will be used to support… Read More

March 29, 2022 @ 7:37 pm By Omar Faridi  |  

Sygno, the provider of Automated Machine Learning (AutoML) transaction monitoring models, has reportedly joined the recent cohort of scale-ups that will enter the ING Labs 2022 Program. During the 2022 program, Sygno will aim to bring its tech stack into ING’s transaction monitoring environment and… Read More

March 29, 2022 @ 7:03 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced a consent order against defendants Abner Alejandro Tinoco, and his company, Kikit & Mess Investments, LLC. The order was entered in the Western District of Texas in regards to an enforcement action. The order imposes injunctive relief, including… Read More

March 29, 2022 @ 6:52 pm By Omar Faridi  |  

The Australian Securities Exchange (ASX) is reportedly set to enforce yet another delay to the cutover of its blockchain-powered post-trade network, which was initially expected to go-live in April of last year. The ASX has been working cooperatively with distributed ledger tech (DLT) specialist Digital… Read More

March 29, 2022 @ 6:23 pm By JD Alois  |  

The House Committee on Financial Services has distributed its calendar of hearings for the month of April.  While subject to change, there are several topics of interest that may involve the Fintech sector. On April 27, the Committee will engage with the Consumer Financial Protection… Read More

March 29, 2022 @ 4:29 pm By Omar Faridi  |  

Alkami Technology, Inc. (Nasdaq: ALKT), a Cloud-powered virtual banking solutions provider for US financial institutions, announced it has entered an agreement to acquire Segmint Inc., a firm focused on “making account and transaction data usable and meaningful for FIs to deepen customer relationships and grow… Read More

March 29, 2022 @ 3:47 pm By Tony Zerucha  |  

Vivriti Capital, a tech-enabled credit investment platform in India serving institutional and retail markets, announced the close of a $55 million Series C round. Creation Investments Capital Management, a global alternative asset manager and impact manager in emerging markets, participated, along with London-based Lightrock India, a global private… Read More

March 29, 2022 @ 3:17 pm By Omar Faridi  |  

AirTree Ventures and Decade Partners have provided $25 million in capital to Zepto in order to support the next wave of innovation “transforming the payments landscape, accelerate company headcount growth and drive Zepto’s international expansion.” The team at Zepto noted that they are “humbled and… Read More

March 29, 2022 @ 2:47 pm By Omar Faridi  |  

Plinqit, the “only” savings platform of its kind that pays users for learning about personal finances, revealed that its platform is now accessible via  Jack Henry’s (NASDAQ: JKHY) Banno Digital Platform. As noted in the update, Plinqit integrated to Jack Henry “using the Banno Digital… Read More

March 29, 2022 @ 2:33 pm By Tony Zerucha  |  

Chainlink Labs, the organization developing a global decentralized oracle standard to support mainstream blockchain adoption, today announced that Dr. Dahlia Malkhi, former Diem Association chief technology officer as well as a lead researcher at Novi, has joined as a chief research officer. Dr. Malkhi joins… Read More

March 29, 2022 @ 2:31 pm By Omar Faridi  |  

Wells Fargo & Company (NYSE: WFC) has announced a partnership with Bilt Rewards, the loyalty program for renters, and Mastercard (NYSE: MA), in order to become the “official” issuer for the Bilt Mastercard. The co-brand credit card allows members “to pay rent and earn points… Read More

March 29, 2022 @ 11:32 am By Omar Faridi  |  

Mettle, the NatWest-backed digital account for small businesses operating in the United Kingdom, has reported 500% customer growth since the beginning of last year, reaching 50,000 clients nationwide. Established back in 2018, the app-only banking service offers hard-pressed freelance workers, sole traders, and small business… Read More