January 18, 2022 @ 11:31 pm By JD Alois  |  

eToro, an online investment platform, says it has added exchange-traded funds (ETFs) and stocks to its US-facing offerings. eToro already offers crypto trading in the US. Crypto trading is offered via eToro USA LLC and securities trading is offered via eToro USA Securities, Inc., a… Read More

January 18, 2022 @ 11:16 pm By JD Alois  |  

Doconomy has raised $19 million in an equity round led by CommerzVentures. Doconomy is a climate tech firm that helps banks, brands, and consumers to measure and reduce their environmental impact. Other backers include two new investors, Ingka Investments, part of the largest IKEA retailer… Read More

January 18, 2022 @ 11:09 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has introduced a service that allows international payment firms to support various transactions in the Philippines. As mentioned in an update shared with CI, the Philippines has a fast-growing international trade market. Global trade in goods has has… Read More

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

January 18, 2022 @ 10:43 pm By Tony Zerucha  |  

The Network for Greening the Financial System (NGFS) this week announced the appointment of the Monetary Authority of Singapore’s (MAS) managing director Ravi Menon as their new chair. He will serve for a two-year term. Formed at the Paris One Planet Summit in December 2017 by… Read More

January 18, 2022 @ 10:41 pm By Omar Faridi  |  

If the world of payments has taught us “one thing,” it’s that “keeping up with the changes holds the power to keep both customers and business partners satisfied,” according to an update from Nium. Nium writes in a blog post that as more firms are… Read More

January 18, 2022 @ 9:28 pm By Omar Faridi  |  

The team at Truebill notes that the new year can be a good time to “reset your finances,” and they would like to help you out with that. The company recently shared some practical ways to help improve your finances in 2022. The firm recommends… Read More

January 18, 2022 @ 9:20 pm By Tony Zerucha  |  

Telenor Group, a provider of tele, data, and media communication services across Asia and the Baltics, this week announced it will be selling its 51 per cent stake in Digital Money Myanmar, a digital payment solutions provider that is also known by the name Wave… Read More

January 18, 2022 @ 8:41 pm By Omar Faridi  |  

Shaun Scovil, General Manager at digital assets firm Poloniex, notes that as they embark on their eighth year of operations, the team has reflected on all the great things they think they’ve accomplished so far, while “preparing for the exciting challenges and opportunities ahead.” Shaun… Read More

January 18, 2022 @ 7:11 pm By Omar Faridi  |  

The team at digital assets platform Celsius Network notes that since their goal is to bring the next 100 million consumers to crypto, they are constantly looking to offer (what they consider to be) the “best” experiences and “opportunities” for their community. This reportedly includes looking… Read More

January 18, 2022 @ 6:37 pm By Tony Zerucha  |  

Payment technology platform Global Processing Services this week announced the closure of its latest funding round at an upsized total of more than $400 million. Joining the frays are global investment firm Temasek and American growth equity outfit MissionOG. The funds will be used for new… Read More

January 18, 2022 @ 5:56 pm By Tony Zerucha  |  

The Monetary Authority of Singapore (MAS) today took steps to effectively ban the advertising of cryptocurrencies to the general public. The guidelines cover payment institutions, banks and other financial institutions, as well as applicants under Singapore’s Payment Services Act. Services included in the directives are… Read More

January 18, 2022 @ 5:52 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has conditionally approved  SoFi’s (NASDAQ:SOFI) application to operate a bank. According to the OCC, SoFi Bank National Association (SoFi Bank, N.A.), may operate as a full-service national bank headquartered in Cottonwood Heights, Utah. As part of… Read More

January 18, 2022 @ 5:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Paul A. Garcia of Severance, Colorado, for allegedly stealing approximately one-quarter of investor funds raised for Gold Hawgs Development Corp. Gold Hawgs reportedly sought to develop a gold hawg token that would be backed… Read More

January 18, 2022 @ 2:29 pm By Omar Faridi  |  

Yieldstreet explains that they aim to provide a diverse range of “unique” private market investment opportunities that offer “potentially attractive benefits” to investor portfolios. But before a particular offering makes it onto the Yieldstreet platform, it needs to go through a “stringent” multi-step vetting process,… Read More

January 18, 2022 @ 12:01 pm By Omar Faridi  |  

Legal Utopia, a powerful AI-enhanced app with the aim of “connecting legal consumers with a vast network of legal services,” has acquired 77% (£154,906) of its £200,000 target from 50 investors (at the time of writing) through a crowdfunding campaign carried out via Seedrs. With… Read More

January 18, 2022 @ 11:58 am By Sarah Touzani  |  

Surging global inflation is the number one concern for many households in 2022. With living costs continuing to rise much faster than wages, household budgets are increasingly stretched. Let’s take a closer look at how inflation is changing the game. In the UK, inflation has… Read More

January 18, 2022 @ 11:01 am By JD Alois  |  

Challenger Bank North, a modern spin on SME banking, has kicked off lending with its first “regional pod” in Manchester. Bank North notes that lending is commencing following a debt facility provided by Insight Investment announced in December 2021. Bank North received its banking license last… Read More

January 18, 2022 @ 10:37 am By JD Alois  |  

SteelEye, a Regtech firm that aims to simplify compliance for global financial institutions, is reporting that revenues increased by 88% year-on-year in 2021. SteelEye adds that the company now has over 120 institutional clients worldwide, including new clients Oppenheimer Europe Ltd and JonesTrading. Headquartered in… Read More

January 18, 2022 @ 10:15 am By Omar Faridi  |  

The team at digital bank Revolut has noted that they hear about exchange rates all the time. The company has commented on what they actually are and why they can be very important. As explained by Revolut, foreign currency exchange rates are a way to… Read More