January 29, 2025 @ 7:50 am By Omar Faridi  |  

A London-based financial services startup, Stenn Group, has reportedly entered administration, leaving creditors facing losses of over £100 million. The company, which specialized in invoice finance, had been under investigation by HSBC, its lender, following allegations of links to a Russian money laundering case. As… Read More

January 29, 2025 @ 7:49 am By Omar Faridi  |  

Vyne, a London-based real-time account-to-account payments platform, has announced that it will be winding down its UK operations effective April 22. This decision comes just months after Vyne was acquired by Tarabut, a Middle Eastern fintech company. According to a statement released recently on Vyne’s… Read More

January 29, 2025 @ 7:47 am By Omar Faridi  |  

Revolut, a London-based digital banking platform, is venturing into commercial real estate lending, capitalizing on signs of a potential market resurgence, according to a report from Bloomberg. To spearhead this new initiative, Revolut has appointed Duncan Batty, formerly of M&G Investments, where he led the… Read More

January 29, 2025 @ 7:46 am By Omar Faridi  |  

LSEG announces the launch of LSEG Research & Insights available through a new app on LSEG Workspace. This app provides a way to access LSEG’s range of research and insights in one centralized location. It will aim to serve as a “one-stop shop” for insights… Read More

January 29, 2025 @ 5:40 am By Omar Faridi  |  

The South Pacific Stock Exchange (SPX) of Fiji and the PNGX Group Limited (PNGX Group) of Papua New Guinea have reaffirmed their commitment to fostering innovation and sustainability in the capital markets of the South Pacific region. The two exchanges have entered into a Memorandum… Read More

January 28, 2025 @ 11:33 pm By Omar Faridi  |  

Lunar launches crypto in Norway via Lunar Block, a Scandinavian crypto trading platform that allows users to buy and sell crypto -assets directly through the Lunar app. The launch offers Norwegians with a way to explore the world of crypto while “managing their traditional financial… Read More

January 28, 2025 @ 10:32 pm By Omar Faridi  |  

Nuvei Corporation, the Canadian fintech company, announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry. The license enables Nuvei to progress with launching direct acquiring capabilities… Read More

January 28, 2025 @ 10:22 pm By Omar Faridi  |  

Shanghai Commercial Bank (SCB) and Planto, a digital banking solution provider headquartered in Hong Kong, have joined forces in order to leverage fintech to enhance banking experiences for SMEs operating in Hong Kong. Through this collab, SCB and Planto have developed a suite of e-banking… Read More

January 28, 2025 @ 9:26 pm By Omar Faridi  |  

Derivative Path, Inc., a provider of capital markets technology and derivatives execution services, announced a partnership with Wells Fargo, to enhance the payments capabilities available to banks. Leveraging Wells Fargo’s FX Payment APIs integrated with Derivative Path’s platform, this initiative is designed to work within… Read More

January 28, 2025 @ 8:30 pm By Omar Faridi  |  

KPMG in India and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and tech company operating within the Hedera ecosystem, announced an alliance. The alliance is expected to see KPMG in India and The Hashgraph Group AG (THG) collaborating to “enable and advance blockchain… Read More

January 28, 2025 @ 8:25 pm By Omar Faridi  |  

Brightflag launches Matter Updates to further its goal of providing in-house professionals with complete visibility into legal work and spend. Ian Nolan, founder and CEO of Brightflag said: “To effectively deliver legal services, it’s essential that in-house leaders understand how legal work is progressing. Matter… Read More

January 28, 2025 @ 8:21 pm By Omar Faridi  |  

Bitpanda has reportedly become one of the first major crypto firms to secure a MiCA (Markets in Crypto-Assets Regulation) license. Issued by Germany’s Federal Supervisory Authority (BaFin), this milestone reinforces Bitpanda’s goal to remain secure and compliant while offering crypto services. This achievement marks the… Read More

January 28, 2025 @ 2:53 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop” shop for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results for its fourth quarter and fiscal year ended Dec 31, 2024. Anthony Noto, CEO of SoFi Technologies, Inc. said:… Read More

January 28, 2025 @ 12:28 pm By JD Alois  |  

The CfPA, or the Crowdfunding Professionals Association, is touting potential legislation aiming to boost the utilization and benefits of Reg CF or Regulation Crowdfunding. The proposed legislation, supported by the Coalition for Crowdfunding American Jobs and Prosperity (CCAJP); the Targeting Resources to Unleash Market Prosperity… Read More

January 28, 2025 @ 11:41 am By JD Alois  |  

Grey and Clear Junction will partner on global payments, according to a company release. Grey is a graduate of Y-Combinator in 2022. The Fintech aims to provide banking services in emerging markets. Current products include multi-currency accounts, real-time money transfers, and virtual cards. Grey targets… Read More

January 28, 2025 @ 11:09 am By Omar Faridi  |  

Danielle Sassoon, the United States Attorney for the Southern District of New York, announced that PEKEN GLOBAL LIMITED, a Seychelles-based entity that, since at least September 2019, has operated KuCoin, one of the largest cryptocurrency exchanges, pled guilty to “one count of operating an unlicensed… Read More

January 28, 2025 @ 11:08 am By Omar Faridi  |  

DriveScore, an app that utilizes telematics technology to reward good drivers with discounted car insurance, has launched what it claims is the first car finance deals service that offer discounts for “safe” drivers. This approach enables drivers to leverage their personalized driving data to secure… Read More

January 28, 2025 @ 11:02 am By JD Alois  |  

Raisin, a European Fintech based in Germany, has joined the American Fintech Council (AFC), Raisin’s platform aims to enable consumers access to the highest-yielding savings accounts regardless of geography. In the US, Raisin is said to currently work with 70 different banks and credit unions…. Read More

January 28, 2025 @ 10:27 am By JD Alois  |  

X (formerly Twitter) has long been expected to move into the Fintech sector. Today, we have an announcement from X CEO Linda Yaccarino on a partnership with Visa (NYSE:V) to enable peer-to-peer payments. Via X, Yaccarino shared that the “Everything  App” (IE X) will work… Read More

January 28, 2025 @ 10:14 am By JD Alois  |  

The UK government is looking to alter how defined benefit pension plans are managed by allowing excess funds to be funneled to private firms. This should also help boost economic growth in an economy that needs a bit of help. Today, Prime Minister Keir Starmer… Read More