Leading Peer to Peer Bitcoin Marketplace Paxful Processed $1.6 Billion in Global BTC Trading Volume in 2019: Report

Paxful, a leading peer-to-peer (P2P) Bitcoin marketplace, revealed that it processed more than $1.6 billion worth of global trading volume last year. India’s digital assets industry has been experiencing major challenges as the nation’s central bank, the Reserve Bank of India, has prohibited local banks… Read More

Early Stage Tech-focused VC Fund OTB Ventures Receives $100 Million in Commitments for Projects in Europe

OTB Ventures (OTB), a VC fund focused on making strategic investments in technology firms based in central and eastern Europe, has introduced an early-stage tech fund, which is notably the biggest venture capital fund in the region. The fund has reportedly received $100 million in… Read More

Peer to Peer Lending Platform LenDenClub Teams Up with Singapore’s CredoLab to Offer AI-based Credit Scoring System

LenDenClub, a peer-to-peer (P2P) lending solution provider, has teamed up with Singapore-headquartered CredoLab, an established developer of bank-grade online credit scorecards, which are based on mobile phone metadata.  LenDenClub has integrated CredoLab’s credit scoring system, called CredoSDK. The credit system will help the firm in… Read More

Nasdaq-listed NICE Actimize Chosen by Asian Digital Bank TONIK to Develop Anti-Money Laundering Solutions and Create Secure Banking Environments

NICE Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has reportedly been chosen by TONIK, an Asian pure-play regulated digital bank, to develop its Essentials anti-money laundering platforms and also to assist in the creation of secure banking environments for… Read More

Digital Bank Varo Money’s Users to Get Direct Access to Fintech WorldRemit’s Global Money Transfer Services via the Varo App

WorldRemit, a cross-border funds transfer company, revealed on February 19 that it has teamed up with Varo Money, an established Fintech firm focused on providing digital banking services in the US.  According to a press release, the partnership between the two companies will give Varo… Read More

Bank of Singapore Appoints Celine Le Cotonnec as Chief Data and Innovation Officer

Bank of Singapore, the private banking arm of OCBC Bank (Oversea-Chinese Banking Corporation, Limited) (SGX: O39), has appointed Celine Le Cotonnec to the institution’s newly created role of chief data and innovation officer. Le Cotonnec will be reporting directly to Bahren Shaari, the CEO at… Read More

ASEAN Exchanges, including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam to Use Refinitiv’s Digital Solutions

ASEAN Exchanges, a group which consists of six major exchanges based in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, have reportedly chosen to integrate Refinitiv’s digital solutions onto their online platform. The solution offers critical data and insights to institutional and retail clients, and assists… Read More

CrowdStreet Tops $1 Billion in Real Estate Crowdfunding

CrowdStreet, a top real estate investment marketplace, has topped $1 billion in direct equity investment from individual (accredited) investors. The company provides access to real estate investments in commercial property. CrowdStreet CEO Tore C. Steen called crossing the one billion mark a significant milestone for… Read More

SoFi Announces New Partnership With Edmit

Fintech unicorn SoFi announced on Tuesday it has formed a new partnership with Edmit, a company that helps families make smarter financial decisions about college, to provide college-bound students and their families with tools and resources needed to make the college selection and financial aid process… Read More

UK-based Fintech Axept Introduces Strong Customer Authentication Compliant Payment Method, Uses Contactless Payments Cards for E-Commerce Transactions

UK-based Fintech company Axept has unveiled a Strong Customer Authentication (SCA) compliant payment method, which uses contactless payments cards for settling e-commerce transactions. Axept’s new solution does not require users to type in their card details, usernames, passwords or sign up while purchasing items. If… Read More


Overfunding: European Mobile-Based Payment System Trisbee Quickly Surpasses €250,000 Equity Crowdfunding Target on Seedrs

Less than a week after launching its equity crowdfunding campaign on Seedrs, European mobile-based payments platform Trisbee has successfully secured its initial €250,000 funding target from more than 60 Seedrs investors.  As previously reported, Trisbee is on a mission to become a completely independent banking… Read More

U.S. Fintech Self Raises $20 Million Through Series C Funding Round Co-Led By Altos Ventures & Conductive Ventures

Self (formerly Self Lender), a U.S.-based fintech startup offering people a way to build their credit while also saving money, announced on Wednesday it raised $20 million through its Series C funding round, which was co-led by Altos Ventures & Conductive Ventures. Founded in 2015,… Read More

ICO Issuer Enigma MPC Settles with the SEC, Will Return Money to Investors,

Enigma MPC, formerly known as Newton Security Labs, has settled charges leveled by the Enforcement Division of the Securities and Exchange Commission regarding an initial coin offering (ICO). The SEC had accused Enigma of conducting an unregistered securities offering. Enigma raised $45 million by selling… Read More

Swedish Banking Group Northmill Appoints Former Klarna Product Manager Arash Eftekhari As New Chief Product Officer

Northmill, a banking group based in Sweden, announced on Wednesday it has appointed former Klarna product manager, Arash Eftekhari, as its new Chief Product Officer. According to Northmill, Eftekhari will lead product development aiming to strengthen the connection between the product and the user. Northmill… Read More

Open for Trading: Openfinance Lists LDCC Token from Lottery.com

Openfinance, a registered alternative trading system (ATS) that is trading marketplace for digital assets, has announced the listing of Lottery.com‘s LDCC token. The digital asset is available for all US investors – not just accredited individuals. LDCC is the security token offered by Lottery.com. The… Read More

Tipalti’s New Milestone: Surpasses $10 Billion in Annual Transactions

Global payables platform Tipalti announced on Wednesday it has surpassed $10 billion in annual transactions. The company reported the news coincides with it exceeding 900 customers, once again doubling new customer bookings in 2019. Tipalti also added 65 new team members during the second half… Read More

Japan’s MUFG to Reportedly Invest More Than $700 in South Asian Ride-Hailing Service Grab

Japan’s Mitsubishi UFJ Financial Group Inc. (MUFJ) is set to invest more than $700 million in Southeast Asian ride-hailing giant Grab. According to Bloomberg, the MUFG intends to market a range of financial services from insurance to loans to Grab’s users. Founded in 2012, Grab describes… Read More

Ally Financial Set to Acquire CardWorks For $2.65 Billion

Ally Financial Inc. (NYSE: ALLY) announced on Wednesday it has entered into a definitive agreement to acquire CardWorks, a U.S. credit card issuer focused on the non-prime segment with a complementary full-spectrum unsecured servicing operation that includes third-party servicing and recovery capabilities, in a transaction… Read More

Perspective: Don’t Blame the SEC, the Definition of “Accredited Investor” Was Never the Problem

Recently, the Securities and Exchange Commission (SEC) proposed changes to the definition of “accredited investor.” Many issuers and intermediaries hoped the SEC would expand the definition of “accredited investor,” to include qualitative conditions, such as education, or by lowering quantitative thresholds, such as income and… Read More

Coinbase Becomes First Pure-Play Crypto Company to be Approved as a Visa Principal Member

Coinbase,  a leading digital asset marketplace, has become the “first pure-play crypto company to be approved as a Visa principal member,” according to a blog post. By becoming a principal member, Coinbase will be able to offer additional services. Principal members may also act as… Read More

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