September 4, 2024 @ 5:34 am By Omar Faridi  |  

10x Banking, the cloud-native core banking platform, has announced a strategic partnership with SunTec Business Solutions, the world’s relationship-based pricing and billing provider, to enable banks to offer personalized and contextual products, services and offers to their customers, across Corporate, SME and Retail Banking. As… Read More

September 3, 2024 @ 11:06 pm By Omar Faridi  |  

Small-and-medium-sized enterprises (SMEs) are increasingly looking to global markets to fuel their growth. According to Mastercard’s 2023 Borderless Payments Report, 50% are now “conducting more international business than they did in 2021, contributing to over $17 trillion in annual cross-border payments.” Despite this momentum, growth… Read More

September 3, 2024 @ 11:05 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $130 million in Asialink Finance Corp, a prominent lender to small and medium enterprises (SMEs) in the Philippines. The financing package, aimed at bolstering Asialink’s lending… Read More

September 3, 2024 @ 7:00 pm By Peter Reynolds  |  

The US Federal Reserve Board’s June cease-and-desist order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, came in response to a series of alarming deficiencies in its risk management, anti-money laundering (AML), and compliance practices. The order wasn’t just a regulatory formality—it was… Read More

September 3, 2024 @ 4:22 pm By JD Alois  |  

The House Financial Services Committee, Subcommittees on Digital Assets, Financial Technology, and Inclusion & Oversight and Investigations, has scheduled a meeting on DeFi. Entitled “Decoding DeFi: Breaking Down the Future of Decentralized Finance, the hearing was previously scheduled for July and then postponed. The hearing… Read More

September 3, 2024 @ 4:07 pm By Omar Faridi  |  

In an era where Fintechs become increasingly bloated with ancillary products and spend years integrating their platforms with third parties like banks, UK Fintech Atlantic Money took a step in the opposite direction. With the launch of Portals, Atlantic Money allows users “to make international… Read More

September 3, 2024 @ 1:55 pm By Omar Faridi  |  

Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML). The deal, which was announced in March, will “significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will… Read More

September 3, 2024 @ 1:49 pm By JD Alois  |  

The Securities and Exchange Commission has settled charges with Galois Capital Management LLC pertiainging to allegations for shortcomings in crypto custody. Without admitting or denying the SEC’s findings, Galois Capital consented to the entry of an order requiring it to cease and desist from further violations… Read More

September 3, 2024 @ 12:19 pm By JD Alois  |  

OpenSea, a leading NFT [non-fungible token] platform, has received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice indicates that the SEC is recommending that the Commission pursue enforcement action against the target firm. While not conclusive, it is highly likely… Read More

September 3, 2024 @ 11:10 am By JD Alois  |  

Axway (Paris:AXW) says it has completed the acquisition of Sopra Banking Software for an enterprise value of €330 million. The deal was previously revealed this past February. Axway said the acquisition was enabled by the support of investors who supported a share capital increase of… Read More

September 3, 2024 @ 11:00 am By Omar Faridi  |  

Linas Agro and HeavyFinance will convert 300.000 ha of agricultural land to regenerative farming. One of the largest agribusiness companies in the Baltics, AB Linas Agro, has “become the exclusive representative of the HeavyFinance Carbon Farming Program in Lithuania.” Together, the companies aim to reduce… Read More

September 3, 2024 @ 10:56 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer showed that business confidence in the United Kingdom remained at 50% in August. Although there was no increase to the overall UK business confidence figure, the result highlighted the continued positivity amongst businesses, with “confidence still at the highest… Read More

September 3, 2024 @ 9:22 am By JD Alois  |  

Tokeny, a top European tokenization platform, has revealed a partnership with ShipFinex. According to a note from the firm, the two are collaborating on ship ownership that is said to transform “the way maritime assets are tokenized and managed.” Tokeny has largely focused on digital… Read More

September 3, 2024 @ 9:10 am By Omar Faridi  |  

Robo.cash has shared its latest August highlights. The investment platform is reporting fairly steady summer activity. The Robocash team noted in a blog post that they’re highlighting key developments of August and bid farewell to summer. It may not have been filled with standout events… Read More

September 3, 2024 @ 9:09 am By Omar Faridi  |  

“Ad-subsidised payments network (ASPN)” Zilch says it has generated $130 million or £100 million in revenue as of July while turning the corner on profitability. The company did not provide information as to how profitable it is. The Fintech compares itself to other big name… Read More

September 3, 2024 @ 8:57 am By Omar Faridi  |  

In August, the total interest paid to PeerBerry investors exceeded €35 million (totaling €35 255 302). Last month, PeerBerry investors have reportedly “received €908,061 in interest.” PeerBerry investors funded €46 million in loans last month, which “is 5% fewer than in July, as the loan… Read More

September 3, 2024 @ 6:30 am By Omar Faridi  |  

The first six months of 2024 were challenging for the global fintech market given the high interest rate environment and geopolitical uncertainties. Global investment in fintech fell “from 62.3 billion dollars to 51.9 billion dollars during this period.” While VC investments in the USA and… Read More

September 3, 2024 @ 6:28 am By Omar Faridi  |  

The Bondora Group has shared their comprehensive 2023 Financial Results. They are pleased to report Bondora Group’s 2023 financial results, “with the greatest highlight being their seventh consecutive year of profitability.” Last year was a prosperous chapter in their financial journey, showcasing “what’s possible when… Read More

September 3, 2024 @ 6:03 am By Omar Faridi  |  

Adyen (AMS: ADYEN) has partnered with Swedish home furnishing business IKEA. The new partnership with Adyen will allow IKEA to “connect the dots between in-store and digital sales channels and offer better payment and loyalty experiences for customers.” Utilizing Adyen’s single financial technology platform to… Read More

September 2, 2024 @ 9:54 pm By Omar Faridi  |  

We recently caught up with Terence Kwok, CEO and Founder of Humanity Protocol. Terence Kwok spearheads Humanity Protocol, an organization dedicated to amplifying human potential amidst the transformative impact of artificial intelligence. He is a technology entrepreneur from Hong Kong and the CEO and founder… Read More