April 16, 2024 @ 8:34 am By Omar Faridi  |  

PineGap.ai is reporting a $2.5 million seed funding round that is said to have been led by Silicon Valley Quad (SVQ) (BV Jagadeesh), Inventus Capital Partners (Manu Rekhi) with participation from DeVC (Aakash Kumar , Divyanshi Chowdhary). Notable Silicon Valley serial entrepreneurs and investors: Mohit… Read More

April 16, 2024 @ 8:32 am By Omar Faridi  |  

Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation. The deal closely follows Lloyds Bank “becoming the first UK bank to join the… Read More

April 16, 2024 @ 7:58 am By JD Alois  |  

Berlin-based Fintech finmid has announced a €35 Million funding round following its emergence from stealth mode. Investors include Blossom Capital, Earlybird VC, and N26-founder Max Tayenthal.  finmid is an embedded finance platform that aims to provide platforms with an alternative to working with banks. The… Read More

April 16, 2024 @ 7:39 am By Omar Faridi  |  

Global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR) announced that SBI SECURITIES Co., Ltd. has selected Broadridge’s post-trade solution to launch its equities brokerage services to clients in the UK, through its subsidiary SBI Shinsei International Limited. This is in addition to the existing relationship with… Read More

April 16, 2024 @ 7:37 am By JD Alois  |  

Online investment platform Seedrs has announced a new partnership with Microsoft (NASDAQ:MSFT) to launch “SERIES A,” an AI-focused accelerator. The accelerator is said to be open to all Seed and Series A firms. Seedrs described the partnership as “an industry first that will help supercharge… Read More

April 16, 2024 @ 7:03 am By Omar Faridi  |  

Once a top UK peer-to-peer lender and today a digital bank, Zopa Bank has announced its first full year of profitability. Zopa announced a pre-tax profit of £15.8 million for the financial year ending 31 December 2023, up from a pre-tax loss of £26 million for… Read More

April 16, 2024 @ 6:23 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a further £12.2m loan to returning customer and SME housebuilder, honey, to part fund the acquisition and development of two of its latest major residential schemes. Founded in October 2022 by former Avant Homes CEO,… Read More

April 15, 2024 @ 10:26 pm By Omar Faridi  |  

GoCardless reveals that it has set up a purpose-built space in the Central District so thatthe Fintech can cement its’ commitment to the region, while providing a good employee experience to its growing team GoCardless, the bank payment company, has opened its new Riga-based headquarters… Read More

April 15, 2024 @ 10:25 pm By Omar Faridi  |  

Figure Technology Solutions, provider of a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services, announced that it will begin making its DART System, a combined lien and eNote registry service, available to private and wholesale lending partners, “initially for… Read More

April 15, 2024 @ 7:58 pm By Omar Faridi  |  

CBInsights has explored an emerging set of technologies including cybersecurity and Fintech-focused solutions impacting automotive R&D, manufacturing, sales, vehicle use, and the aftermarket. As noted in the CBInsights report, advancements in AI are “changing the way automakers design, build, sell, and repair vehicles.” Large language… Read More

April 15, 2024 @ 7:57 pm By Omar Faridi  |  

Xero, the global small business platform, today released a Xero Small Business Insights (XSBI) special report which shows Australian small business labor productivity is keeping pace with national productivity growth, but remains below pre-pandemic levels. The report, Small business productivity: Trends, implications and strategies, is… Read More

April 15, 2024 @ 7:55 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and Mastercard (NYSE: MA) signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between… Read More

April 15, 2024 @ 7:52 pm By Omar Faridi  |  

Following the launch of the Anti-Scam Consumer Protection Charter last year, the Hong Kong Monetary Authority (HKMA) announced (10 April), in collaboration with the Hong Kong Association of Banks (HKAB), the launch of the Anti-Scam Consumer Protection Charter 2.0. With the participation of more institutions… Read More

April 15, 2024 @ 7:51 pm By Omar Faridi  |  

PhonePe announced that it has partnered with e-Sewa and the Hotel Association of Nepal (HAN) Pokhara to popularize UPI on the Fonepay Network, as a part of the Fewa New Year Festival which will be held from April 11-14th. The New Year festival is not… Read More

April 15, 2024 @ 5:52 pm By Omar Faridi  |  

Circle is pleased to announce that native USDC is now available on zkSync and accessible to developers and users – no bridging required. Circle Mint and Circle APIs now fully support USDC on zkSync. zkSync is a layer 2 (L2) rollup that “is hyperscaling Ethereum… Read More

April 15, 2024 @ 5:49 pm By Omar Faridi  |  

More than half of all devices (55%) targeted by password-stealer attacks in 2023 were infected with the Redline malware, Kaspersky Digital Footprint Intelligence has found. As the malware development market continues to flourish with new stealers, such as Lumma, for the last three years Redline… Read More

April 15, 2024 @ 2:04 pm By Omar Faridi  |  

The latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, continued to signal falling levels of recruitment activity in March. Amid reports of hiring freezes and cost cutting at clients, recruitment consultants signaled another marked “decline in permanent placements as well… Read More

April 15, 2024 @ 2:02 pm By Omar Faridi  |  

Inpay, the Danish cross-border payments provider, has announced strong annual results for 2023. Annual revenues increased by 23 percent to €60.1 million, up from €48.6 million in 2022. The business also saw strong growth in EBITDA, “up 57 percent to €13.0 million in 2023, up… Read More

April 15, 2024 @ 1:56 pm By Omar Faridi  |  

Abrigo, a provider of financial crime prevention and risk management solutions for U.S. financial institutions, announced new survey results revealing how Americans and small businesses are struggling with check fraud, along with misperceptions about the growing problem. More than one thousand adults in the U.S.,… Read More

April 15, 2024 @ 11:36 am By JD Alois  |  

Two digital asset firms, R3 and Quant, have been chosen to provide services for the UK’s Regulated Liability Network (RLN). R3 is an enterprise focused permissioned blockchain provider named Corda. Quant is a tokenization service supporting traditional financial institutions. RLN is led by UK Finance… Read More