February 17, 2022 @ 11:00 am By JD Alois  |  

Neobank Revolut has selected Ibrahim “Ibo” Dusi as its Chief Risk Officer for Americas, according to a statement from the company. Revolut says that as Chief Risk Officer for Americas, Dusi will oversee risk management for Revolut in North and South America. He will be… Read More

February 17, 2022 @ 10:27 am By JD Alois  |  

The Financial Stability Board (FSB) published a report yesterday on crypto-asset risks. The FSB is an international entity that promotes global financial stability. As digital assets have grown, the FSB has engaged in the ongoing discussion of the importance and systemic impact of crypto. The… Read More

February 17, 2022 @ 9:27 am By JD Alois  |  

Creator of Filecoin, Protocol Labs, has announced the creation of a $38 million Filecoin NNI Renewable Energy Fund in partnership with Nelnet. The Fund is focused on investments in solar energy throughout the United States, with Nelnet Renewable Energy Services (NYSE: NNI). Dr. Alan Ransil,… Read More

February 17, 2022 @ 9:14 am By JD Alois  |  

Propine, a licensed and regulated digital asset platform, is partnering with Watiga to provide digital asset services. Watiga is an independent professional services group of companies located in Singapore, providing trust, funds, corporate and legal services focusing on private equity, venture capital, mezzanine, and other… Read More

February 17, 2022 @ 9:02 am By JD Alois  |  

Neobank Revolut has announced an “all-in-one” payroll solution for UK SMEs, according to a release. Revolut describes the service as a “first-of-its-kind milestone” for the industry, integrating payroll directly into a business account. Revolut Business is a digital banking vertical that is designed to bring… Read More

February 17, 2022 @ 8:52 am By Omar Faridi  |  

After making numerous unsuccessful attempts in the US to get a Bitcoin ETF that tracks BTC spot price, Fidelity, one of the world’s largest asset managers, has now introduced such products in Canada and European markets. On Tuesday (February 15, 2022), Fidelity introduced a European… Read More

February 17, 2022 @ 8:49 am By Omar Faridi  |  

European lender Bondora reveals that 2022 is off to a solid start, as the annual return rate for 2021 outperforms the target rate by 5.5%. The quarterly performance has also improved from December 2021, with all four quarters of 2021 “performing above their target rates.”… Read More

February 17, 2022 @ 8:46 am By Omar Faridi  |  

The year has kicked off on a strong note in the United Kingdom’s housing market and the price of an average home continued to reach all-time highs, according to an update published by Blend Network, a specialist development finance lender. The Nationwide House Price Index… Read More

February 17, 2022 @ 8:39 am By Omar Faridi  |  

Following its £100 million fundraise from Alchemy Partners last year, DNA Payments marks its 7th acquisition with the purchase of First Payment Merchant Services (FPMS), a payment solutions provider operating out of Surrey, UK. During the last 10 years, FPMS has become a key player… Read More

February 17, 2022 @ 5:00 am By Omar Faridi  |  

indó, an Icelandic Fintech focused on the consumer virtual banking space, has announced that it is emerging from stealth mode with $4.5 million in seed funding. indó is reportedly the first challenger bank to launch in Iceland. The motivation behind indó was the 2008 financial… Read More

February 17, 2022 @ 4:17 am By Omar Faridi  |  

1inch has released a spot price aggregator. The tool delivers spot price data from the blockchain, “enabling immediate displays of token prices in the interfaces of websites and apps.” As explained in an update shared with CI, 1inch‘s spot price aggregator aims to make token… Read More

February 17, 2022 @ 4:00 am By JD Alois  |  

Insurtech Laka has partnered with the sports retailer Decathlon to provide a tech-driven insurance offering for customers as bike theft is on the rise. Laka is a bike insurance provider – including e-bikes, etc. – and also offers health and recovery coverage. The news follows… Read More

February 17, 2022 @ 3:43 am By Omar Faridi  |  

Consistently ranked as one of the world’s best universities, Imperial College is known for its research-focused approach to science, engineering, and business. With crypto sitting at the intersection of these disciplines, the institution is well-positioned to leverage its expertise and capabilities to develop and explore… Read More

February 17, 2022 @ 2:32 am By Tony Zerucha  |  

Regulatory technology company Clausematch has released an e-book that details its top 10 compliance technology trends for 2022. They are briefly summarized here. 1. Expect more regulatory clarity on cryptocurrencies Given the increased use of cryptocurrencies in money laundering activity, regulators will continue their progress… Read More

February 17, 2022 @ 2:25 am By Tony Zerucha  |  

Forter today launched Smart Payments, a new offering designed to increase digital commerce conversion rates and revenue. The offering optimizes the use of 3D Secure (3DS) to meet strong customer authentication (SCA) requirements and addresses friction in the payment process. Smart Payments executes 3DS only… Read More

February 17, 2022 @ 1:35 am By Tony Zerucha  |  

Flutterwave, a Nigerian Fintech company, announced this week it has raised $250 million in Series D funding. The infusion values the company north of $3 billion. The round was led by B Capital Group, with participation from Alta Park Capital, Whale Rock Capital, Lux Capital,… Read More

February 17, 2022 @ 1:17 am By Omar Faridi  |  

Saudi Arabia’s sovereign wealth fund is now an investor in a new virtual bank being launched in the Middle Eastern nation with a capital of SAR 1.65 billion (appr. $440 million). The Saudi cabinet has reportedly approved a license for D360 bank (on Tuesday), the… Read More

February 17, 2022 @ 12:52 am By Omar Faridi  |  

Sharegain, a capital markets infrastructure Fintech, has raised $64 million in a Series B round that was led by WestCap and also joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors reportedly include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium, and the… Read More

February 16, 2022 @ 11:57 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that enables clients to purchase, sell, send and spend a range of virtual currencies, has announced that Valliance Bank, a provider of various financial solutions, will provide clients access to Bitcoin (BTC) and Ethereum (ETH) via… Read More

February 16, 2022 @ 11:36 pm By Tony Zerucha  |  

Akulaku, an Indonesian buy now, pay later (BNPL) firm, announced this week it has received $100 million from the Siam Commercial Bank in Series E financing. The news comes months after the firm announced a $125 raise which was co-led by Silverhorn Group, who has… Read More