May 22, 2024 @ 9:01 am By JD Alois  |  

Experian (LSE:EXP) has made a strategic investment in Reward. According to a release, the investment strengthens the current commercial relationship between the two firms. The terms of the investment were not provided. Experian said that the partnership will focus on leveraging Experian’s data and audience… Read More

May 22, 2024 @ 8:51 am By Omar Faridi  |  

Softpay has announced the integration of the Softpay Tap-to-Pay App into the iMin ecosystem. The app can be downloaded from the iMin App Store and “used directly from the iMin Swift 1 Pro smart POS device and the Swift 2 Pro mobile POS device.” This… Read More

May 22, 2024 @ 8:43 am By Omar Faridi  |  

Taurus, a global firm focused on institutional-grade digital asset infrastructure, announces the opening of its newest office in Vancouver, Canada, the first in North America. This expansion marks a significant milestone in Taurus‘ international growth strategy and reinforces its position as a technology provider in… Read More

May 22, 2024 @ 8:35 am By Omar Faridi  |  

The European Council has now approved a law aiming to harmonise rules on artificial intelligence, the so-called artificial intelligence act. The flagship legislation follows a ‘risk-based’ approach, which means “the higher the risk to cause harm to society, the stricter the rules.” It is the… Read More

May 22, 2024 @ 8:05 am By Omar Faridi  |  

CarCloud, which claims to be on a mission to achieve the lowest possible monthly car costs for the United Kingdom’s 33.5 million drivers, has secured 115% of its £325,000 target from 119 investors (at the time of writing) via Seedrs with 16 days left in… Read More

May 21, 2024 @ 10:22 pm By Omar Faridi  |  

C2FO announced the launch of C2treds, the global fintech’s first national platform that expands working capital access “to all micro, small and medium enterprises (MSMEs) in India.” C2FO is the latest and only US-based fintech “to join the Trade Receivables Discounting System (TReDS), distinguishing itself… Read More

May 21, 2024 @ 9:48 pm By Michael Wong  |  

The Saudi Central Bank (SAMA) has officially licensed Hala Financing to provide debt-based crowdfunding solutions in Saudi Arabia, a significant step in broadening the financial services available within the kingdom. This recent authorization increases the total number of companies licensed to offer these services to… Read More

May 21, 2024 @ 7:09 pm By Omar Faridi  |  

Businesses looking for short-term capital can access funding in rapid time thanks to a new partnership between Experian and alternative lender, TRIVER. TRIVER aims to enhance the SME lending process “by underwriting the risk of small business borrowing quickly and easily, providing advances on business… Read More

May 21, 2024 @ 7:08 pm By Omar Faridi  |  

Commonwealth Bank is urging small businesses to be extra vigilant this tax season, as scammers use sophisticated tactics to rob hardworking Australians of their tax returns. With the end of financial year approaching, scammers and cybercriminals “generally ramp up their tax scam activity, using phishing… Read More

May 21, 2024 @ 7:05 pm By JD Alois  |  

Synapse, a Banking as a Service (BaaS) provider labeled in 2023 as one of the World’s Best Fintech Companies by CNBC, is in the throes of bankruptcy. In just a few short months, things have changed dramatically at Synapse it seems. It has been reported… Read More

May 21, 2024 @ 5:32 pm By JD Alois  |  

CI reported earlier this week that Mainvest, a FINRA-regulated funding portal, is winding down operations. In an email, a spokesperson for the company provided additional insight into the unfortunate outcome. CI noted that Mainvest was one of many companies that have been impacted by the… Read More

May 21, 2024 @ 4:04 pm By Omar Faridi  |  

Solidus Labs is pleased to announce their membership in LëtzBlock, a recently formed Luxembourgish association dedicated to advancing a safe, regulated, and integrity-driven blockchain ecosystem. This initiative unites crypto professionals with “the shared goal of promoting responsible innovation and shaping a robust legal framework for… Read More

May 21, 2024 @ 3:48 pm By Omar Faridi  |  

Genesis Global and Inovotek Solutions, an IT consultant and Murex integration specialist, announced they are partnering to accelerate software innovation in the financial markets industry. The firms will apply the power of the Genesis Application Platform and the expertise in Inovotek’s team of more than… Read More

May 21, 2024 @ 12:31 pm By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies and BaaS banks, announced this week that Raido Capital Partners became their newest strategic partner. “Raido delivers a unique perspective and the hands-on approach that currently serves their portfolio companies and will now serve as… Read More

May 21, 2024 @ 10:06 am By JD Alois  |  

Deutsche Bank is providing Capchase with a €105 million credit facility. Capchase is a “revenue acceleration firm” for Software-as-a-Service (SaaS) companies. According to Capchase, the financing contributes to the more than $1 billion in combined debt and equity financing it has received since its founding… Read More

May 21, 2024 @ 9:46 am By JD Alois  |  

Fintech SumUp says it has launched direct debits for UK merchants. According to a company statement the service is now available for merchants that have a Business Account with SumUp. The SumIUp Business Account is managed via smartphone and enables merchants to spend, save, and… Read More

May 21, 2024 @ 9:35 am By JD Alois  |  

The British Business Bank has posted new data for the third iteration of its Recovery Loan Scheme, which allows smaller firms to raise up to £2 million. Businesses can use the loans for any purpose, including cashflow management, investment, and growth. The terms of the… Read More

May 21, 2024 @ 9:02 am By Omar Faridi  |  

Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) “for OCT Inst transactions via Santander, and will also “be a scheme participant in the role of… Read More

May 21, 2024 @ 9:01 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched the digital yuan, also known as e-CNY,marking a significant step in the integration of digital currencies in the region’s financial system. According to reports from Sing Tao Daily, the launch event was hosted by Howard Lee Tat-chi,… Read More

May 21, 2024 @ 8:53 am By Omar Faridi  |  

KPMG has commented on the important step on the road to ISSB adoption in the United Kingdom. KPMG recently shared key insights on the announcement that the UK Government has established the UK Sustainability Disclosure Technical Advisory Committee. Providing their perspective on the announcement that… Read More