November 2, 2023 @ 8:07 pm By Michael Wong  |  

Bahrain’s Labour Fund (Tamkeen) has recently partnered with Safaghat, a crowdfunding investment platform licensed by the Central Bank of Bahrain, to offer alternative financing options to micro, small, and medium-sized enterprises (mSMEs) in the country. This strategic collaboration aims to empower Bahraini enterprises, particularly those… Read More

November 2, 2023 @ 5:11 pm By Omar Faridi  |  

Swiss Tennis, the national association that advocates for a strong Swiss tennis community, is cooperating with Sygnum, the digital asset bank, in order “to launch the Swiss Tennis World Champion NFT art collection to support the next generation of tennis players in Switzerland.” Swiss Tennis… Read More

November 2, 2023 @ 3:09 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), an innovator in the digital assets space and owner of Netcoins, and Blockchain Intelligence Group and TerraZero is pleased to announce a significant milestone in Blockchain Intelligence Group’s growth and global expansion strategy. Blockchain Intelligence Group has signed 1… Read More

November 2, 2023 @ 1:06 pm By Omar Faridi  |  

Figure Lending LLC and Figure Technologies, Inc., a key player focused on transforming financial services through the power of blockchain technology, announced it has expanded its Partnership business to “include an increased offering under the Lending-as-a-Service (LaaS) platform, in addition to the previously launched Wholesale… Read More

November 2, 2023 @ 12:54 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new data revealing shoppers’ priorities this holiday season. While consumers face continued economic uncertainty, the survey of 2,000 gen pop Americans revealed “they are still planning to spend: 3 in… Read More

November 2, 2023 @ 12:03 pm By Omar Faridi  |  

wefox, the Berlin-based insurtech, is launching a new brand claim: “wefox Empowering Insurance”. The new brand claim defines the company’s unique position “as more than just an insurance company.” It paves the way for wefox to also “provide a wide range of tech-enabled insurance solutions.”… Read More

November 2, 2023 @ 12:00 pm By Omar Faridi  |  

Global spend management platform, Payhawk announces that it has become a principal member of Visa. The membership supports Payhawk’s mission “to simplify business payments, by accelerating new product innovation.” The membership also “supports greater service reliability and resilience for Payhawk customers.” Payhawk’s platform provides businesses… Read More

November 2, 2023 @ 11:45 am By Omar Faridi  |  

Carriers are prioritizing profitability, especially when it comes to fostering innovation, according to Insurance Operations in a Changing Industry, a study published today by Earnix, the global provider of intelligent, SaaS solutions for insurers and banks. The survey of 400 insurance executives “provides insight into… Read More

November 2, 2023 @ 11:38 am By JD Alois  |  

Yesterday, the US Federal Reserve decided it was prudent to hold rates where they are for the time being, and today, the Bank of England decided to do the same. The Bank of England’s Monetary Policy Committee (MPC) has a similar target with inflation as… Read More

November 2, 2023 @ 11:23 am By Omar Faridi  |  

Finkargo, the international trade platform empowering small and medium-sized businesses (SMBs) with global sourcing, trade services and embedded financing, announced a $20 million Series A financing. The investment round was led by QED Investors, “with the participation of new investor Nazca and existing investors Quona,… Read More

November 2, 2023 @ 11:20 am By Omar Faridi  |  

Mastercard’s (NYSE: MA) new borderless payments report reveals consumers globally are setting up side hustles and considering working or living abroad, prompting the acceleration of cross-border payments. Small businesses are also increasingly “reliant on international payment networks with three in five sourcing more suppliers internationally… Read More

November 2, 2023 @ 11:01 am By Michael Wong  |  

The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions. The project, named Helvetia Phase III, will involve the use of wholesale CBDC on the SIX Digital Exchange (SDX) platform, a… Read More

November 2, 2023 @ 10:51 am By Omar Faridi  |  

PayPal (NASDAQ:PYPL) has reportedly been registered to provide crypto-asset services in the UK. This, according to the UK Financial Conduct Authority’s (FCA) update posted on its website. The news comes as the international payments firm builds a post-Brexit base in the country. Although the cryptocurrency… Read More

November 2, 2023 @ 10:40 am By Omar Faridi  |  

BitGo, the provider of financial services for digital assets, announces that its subsidiary in Germany, BitGo Europe GmbH, has received a crypto custody license from the German Federal Financial Supervisory Authority (BaFin). BitGo has already been storing crypto assets “for its customers since 2019, also… Read More

November 2, 2023 @ 10:37 am By Michael Wong  |  

Italian financial services firm Generali has officially launched Generali Ventures, a venture capital initiative aimed at driving innovation, breaking into new markets, and bolstering operational efficiency throughout the group. With a substantial €250 million commitment, Generali Ventures sets its sights on unearthing the most promising… Read More

November 2, 2023 @ 10:32 am By Omar Faridi  |  

Digital bank Revolut has reportedly appointed Francesca Carlesi as CEO of its UK operations, the Fintech company confirmed in a statement issued on Thursday. This new leadership announcement for Revolut should help the firm become a “global financial super-app.” Revolut, which is among the United… Read More

November 2, 2023 @ 8:39 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced significant momentum and new financing on the heels of its top-grossing quarter and amid continued corporate growth. Cowbell’s new financing builds on its $148M raised to-date. Cowbell announced a new investment… Read More

November 2, 2023 @ 4:21 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, today announced expanded support for JCB, a card network in Japan and one of the top payment networks in the world. JCB is now available on Stripe “in 39 countries and territories, making it easy for businesses in… Read More

November 1, 2023 @ 10:26 pm By Omar Faridi  |  

Qomply pre-empts market activity by welcoming FCA Regulator and Capital Markets & Regulatory Compliance professional Sophia Fulugunya onboard as Director of Transaction Reporting. With the US still reeling from recent regulatory enforcement actions, the move is “seen by many as an indication of an anticipated… Read More

November 1, 2023 @ 10:19 pm By Omar Faridi  |  

Paymentology, a global issuer-processor, today announces it is the first issuer processor in Europe to secure Visa Cloud Connect (VCC) certification from Visa, a digital payments provider. Paymentology claims that it is “at the forefront of innovation in the fintech and banking sector, providing a… Read More