January 14, 2022 @ 1:42 pm By JD Alois  |  

The Swiss National Bank (SNB) has successfully tested wholesale CBCD [central bank digital currency] settlement in a partnership with the Bank for International Settlements (BIS) and SIX (parent of the Swiss Stock Exchange). The test was completed during Q4 2021. The project utilized SDX, the… Read More

January 14, 2022 @ 1:22 pm By Omar Faridi  |  

European lender Mintos writes in an extensive update that the Internet connections in Kazakhstan has now been restored, and the restrictions on international payments “were lifted.” The team at Mintos also mentioned that they’ve received proof of payment from all their lending firms from Kazakhstan…. Read More

January 14, 2022 @ 1:19 pm By JD Alois  |  

Neufund, once a high-profile security token platform offering primary issuance based in Germany, has decided to shut down. In 2018, Neufund announced its first “equity token offering” or ETO that was initially said to be in compliance with German law. At that time, Neufund co-founder… Read More

January 14, 2022 @ 12:52 pm By Omar Faridi  |  

The team at Fintech company Affirm (NASDAQ: AFRM) notes that two years of living with a global pandemic have “reshaped expectations for consumers and retailers in 2022.” Affirm writes in a blog post that shoppers plan to “travel and buy new clothes, and many retailers… Read More

January 14, 2022 @ 8:56 am By Omar Faridi  |  

UK-headquartered digital bank Monzo reveals that they’re opening up their Open Banking-powered gambling block to “all Open Banking providers, following a pilot last year with Truelayer.” As mentioned in the update from Monzo, this extension will let all licensed UK Open Banking firms to “integrate… Read More

January 14, 2022 @ 8:30 am By JD Alois  |  

According to a report from Crowdway, the equity crowdfunding market in Poland experienced a record year in 2021. Crowdway states that Polish startups raised over €62 million since the industry launched. The company states that the industry is poised for rapid growth in 2022 due… Read More

January 14, 2022 @ 8:08 am By Omar Faridi  |  

Software is “changing the world,” according to an update from UK Fintech Modulr. Modulr writes in a blog post that thanks to Cloud computing and the rise of SaaS (Software as a Service), businesses are now “powered by virtual services rather than having to invest… Read More

January 14, 2022 @ 7:55 am By Omar Faridi  |  

Trent Fuenmayor, Program Manager, Coinbase Giving, has announced the initiative’s second developer grant recipients. In August of last year, Coinbase (NASDAQ:COIN) via their Giving initiative, made a call for applications via their Crypto Community Fund that is “focused on blockchain developers who contribute directly to a… Read More

January 13, 2022 @ 11:40 pm By Omar Faridi  |  

FIA Tech, the futures industry’s technology provider, has announced that it has established a London subsidiary as the firm scales and expands its operations. The London office, based in Paddington, is reportedly FIA Tech’s fourth office and the first outside the US, “following Washington DC,… Read More

January 13, 2022 @ 10:46 pm By Omar Faridi  |  

India’s neobank Fintech Kaleidofin has acquired $10 million in capital via a Series B round that was led by the Michael & Susan Dell Foundation. The capital injection has now taken the total funding secured by Kaleidofin to $18 million. Existing institutional investors, Oiko Credit,… Read More

January 13, 2022 @ 10:11 pm By Omar Faridi  |  

Capital Banking Solutions is pleased to confirm the successful go-live of IMEIB on its digital banking platform, CapitalDigital. This implementation for IMEIB will provide their customers with a unique virtual banking and mobile banking experience. As mentioned in the update, the bank will enable its… Read More

January 13, 2022 @ 8:27 pm By Omar Faridi  |  

Asia United Bank (AUB), one of the fastest-growing publicly listed universal banks, has teamed up with Wallyt, a virtual banking solution provider, in order to offer a card payment acceptance solution for merchants though a card QR code or link. Wallyt is a Hong Kong-headquartered… Read More

January 13, 2022 @ 7:47 pm By Omar Faridi  |  

Tier1 Financial Solutions, a provider of capital markets and investment banking client relationship management solutions, and AML compliance and fraud prevention solutions, has appointed Megan Howe as MD, North America Sales. Howe will be responsible for “driving compliance software and buy-side CRM sales in North… Read More

January 13, 2022 @ 7:23 pm By Omar Faridi  |  

NinjaTrader Group, LLC, a provider of trading software and brokerage services to active traders, reveals that it has acquired Tradovate Holdings, LLC, an online futures brokerage company and trading tech provider, for $115 million. Established in 2003, NinjaTrader is a retail futures broker supporting more… Read More

January 13, 2022 @ 7:09 pm By Tony Zerucha  |  

FundThrough, an invoice payment fintech platform, this week announced the acquisition of BlueVine’s invoice factoring business. The company said the acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S. clients that… Read More

January 13, 2022 @ 6:04 pm By JD Alois  |  

Everyone knows that crypto mining can use a lot of energy. Blockchain transactions in generally can inhale a lot of server time. All of this means that crypto is not the most energy-efficient sector of Fintech. This fact has caught the eye of elected officials… Read More

January 13, 2022 @ 5:50 pm By Omar Faridi  |  

One of the most challenging or pressing issues facing service-oriented companies right now is retaining hardworking, motivated professionals. According to a study shared by The Washington Post, the hospitality sector has the highest quitting rates of any industry by a considerable margin. TipHaus aims to… Read More

January 13, 2022 @ 5:43 pm By Tony Zerucha  |  

The American Blockchain Political Action Committee this week appointed Michael Onghai to its board of advisors. A former CEO of Looksmart, Onghai is also a seed investor in Coinbase, FundersClub, and Upflex. He currently is principal and seed investor in Alpha Sigma Funds, and a… Read More

January 13, 2022 @ 5:39 pm By Tony Zerucha  |  

NEXT Insurance today announced the appointment of Teodora Gouneva as CFO. She steps into the role previously held by Michelle Cheung, who will now serve as NEXT’s first chief corporate officer and will lead the company’s legal, people and operations functions. As CFO, Gouneva will… Read More

January 13, 2022 @ 2:56 pm By Omar Faridi  |  

UBS (SWX: UBSG) announced that UBS Next, the company’s $200 million strategic Fintech portfolio, has invested in US-headquartered firm Trust & Will, a digital estate planning platform. Launched in October 2020, UBS Next identifies various opportunities within the start-up ecosystem and “further enhances UBS’s technology-driven… Read More