September 7, 2024 @ 11:35 am By Michael Wong  |  

Jingdong Technology Holding Co. Ltd., the fintech arm of Chinese e-commerce giant JD.com, is poised to acquire Home Credit Consumer Finance Co. Ltd., China’s first wholly foreign-owned consumer finance firm, according to sources cited by Caixin. The acquisition, which awaits approval from the National Financial… Read More

September 7, 2024 @ 11:31 am By Omar Faridi  |  

Latest figures have revealed Scottish businesses remain attractive to investors as 23 firms shared funding worth over £85 million in the second quarter of 2024. The latest KPMG Private Enterprise Venture Pulse report has showed “that companies from across the region – including Edinburgh, Stirling,… Read More

September 7, 2024 @ 11:29 am By Omar Faridi  |  

Ingo Payments, a firm focused on account funding and disbursement solutions defined as Money Mobility, says it will acquire Deposits Inc., a banking software tool and infrastructure platform. This acquisition accelerates the launch of its Modern Money Stack, which will “enable banks, fintechs and brands to transform… Read More

September 7, 2024 @ 11:07 am By Omar Faridi  |  

Fifth Third Bank is pleased to announce a collaborative agreement between NewlineTM by Fifth Third, an embedded payments platform, and Trustly, the global enabler of Open Banking Payments. Working together, Trustly and Newline will “drive innovation across the money movement landscape, including payments via the… Read More

September 7, 2024 @ 11:06 am By Omar Faridi  |  

Indus Valley Partners (IVP), a global provider of software and technology solutions to the world’s most sophisticated investment managers backed by PPC Enterprises, a specialist middle-market private equity firm and minority investor in IVP, announced that it has agreed to acquire IntegriDATA, a leader in… Read More

September 7, 2024 @ 10:53 am By Tony Zerucha  |  

Digital security firm security.org recently released its top 17 scams for 2024, and P2P payment apps top the list. The full text can be viewed here. Security.org surveyed nearly 1,100 American adults about their recent experiences with cybercriminals and the latest online schemes. They found… Read More

September 7, 2024 @ 10:50 am By Tony Zerucha  |  

Flutterwave, an African payments technology company, recently announced that its online merchants in Nigeria can now accept American Express payments. American Express Card Members – with consumer, business, or corporate cards – can make payments directly to e-commerce businesses using Flutterwave in Nigeria. This service… Read More

September 7, 2024 @ 10:33 am By Omar Faridi  |  

Grath, a global platform for financial services and regulatory compliance technology, is expanding its presence into the Middle East with the opening of a new office in the prestigious Dubai International Finance Centre (DIFC). This expansion is said to mark a significant milestone in Grath’s… Read More

September 7, 2024 @ 9:08 am By Omar Faridi  |  

Hex Trust, a provider of digital asset solutions for institutional finance and the Web3 ecosystem, announces a strategic partnership with Grass, a viral, new decentralized infrastructure network that is building the first open internet to scale web crawl. Today, the network is powered by “over… Read More

September 7, 2024 @ 8:30 am By Tony Zerucha  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, has hired Venu Palaparthi as its chief operating officer. Palaparthi will oversee DriveWealth’s risk and compliance functions, and contribute to the company’s ongoing international expansion. He begins on Sept. 16, reporting to CEO Michael Blaugrund. “We have thoughtfully… Read More

September 7, 2024 @ 6:31 am By Tony Zerucha  |  

Chargeback technology platform Chargebacks911 recently announced the appointment of payments industry entrepreneur Oliver Rajic to the board of directors. In his new role, Rajic will serve as a key advisor to Chargebacks911 and its CEO, Monica Eaton. This includes assisting the company with its expansion… Read More

September 7, 2024 @ 3:59 am By Tony Zerucha  |  

Flutterwave, an African leading payments technology company, has appointed Mitesh Popat as CFO. Popat brings 20 years of global financial services experience across North America, Europe, the Middle East, and Africa, which Flutterwave said will be instrumental in driving its next phase of growth and… Read More

September 6, 2024 @ 4:58 pm By Omar Faridi  |  

Paystand, the global enabler of blockchain-enabled B2B payments, announced its zero-fee B2B network is expanding to Canada. While Paystand first introduced limited service in Canada in 2018, Canadian payers will now be able to “access all the benefits of the Paystand Platform and the Zero-Fee… Read More

September 6, 2024 @ 4:48 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new Advanced Persistent Threat (APT) campaign carried out by the Tropic Trooper group. This operation has been targeting a governmental entity in the Middle East “for over a year, aiming to conduct cyberespionage.” To gain… Read More

September 6, 2024 @ 1:51 pm By JD Alois  |  

“Fan-owned” film studio Legion M is nearing the close of its most recent securities offering. The longtime crowdfunding proponent is scheduled to complete its ninth online securities offering in the past eight years. The company has utilized several different platforms in the past. The current offering… Read More

September 6, 2024 @ 12:17 pm By JD Alois  |  

Republic, a global online investment ecosystem, is boosting its offerings once again by offering the ability to invest in films. While many platforms have periodically listed securities tied to the movie and video industry, it seems that Republic is taking a more dedicated approach to… Read More

September 6, 2024 @ 10:43 am By JD Alois  |  

A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More

September 6, 2024 @ 10:16 am By Omar Faridi  |  

Binance has released an update entitled, Blockchain in the Modern Payments Landscape: Synergy and Transformation. Binance Research has shared that key takeaways as follows: This Binance Research report looks at “the state of modern payments, its main pain points, and how blockchain payments can address… Read More

September 6, 2024 @ 10:14 am By Omar Faridi  |  

MARA Holdings, Inc. (NASDAQ: MARA), which claims to be one of the world’s largest publicly traded bitcoin (BTC) miners and a leader in supporting and securing the Bitcoin ecosystem, recently released unaudited BTC production and miner installation updates for August 2024. Fred Thiel, MARA’s chairman… Read More

September 6, 2024 @ 8:51 am By Omar Faridi  |  

Chainalysis has shared key insights focused on Russia’s cryptocurrency pivot as well as legislated sanctions “evasion.” In response to mounting financial pressures of Western sanctions, Russia enacted significant legislation “legalizing cryptocurrency mining and permitting the use of cryptocurrency for international payments.” Chainalysis added that the… Read More