September 5, 2023 @ 10:01 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) indicated it is moving forward with a review of the treatment of “politically exposed persons” (PEPs). The FCA distributed today a list of areas it will review in regard to the treatment of accounts at financial services firms, including:… Read More

September 5, 2023 @ 9:13 am By Omar Faridi  |  

Clear Junction, the global cross-border payments solution provider, has announced it has been granted ISO 27001 certification, the highest global standard that corporates can achieve for information security. With this globally trusted stamp of approval, Clear Junction assures clients and their customers that their transaction… Read More

September 5, 2023 @ 9:11 am By Omar Faridi  |  

Banking Circle, the Payments Bank for the new economy, is strengthening its presence in Spain “with membership of the Spanish Association of Fintech & Insurtech (AEFI).” A modern correspondent bank committed to building a local clearing network for all major currencies, Banking Circle says that… Read More

September 5, 2023 @ 9:06 am By Omar Faridi  |  

ThetaRay, the AI-powered secure global payments with offices in New York, Madrid, London, Dubai and Tel Aviv, announced a significant growth round led by Portage, “with investments by existing investors JVP, OurCrowd and others.” The investment, totaling $57 Million, will enable ThetaRay “to accelerate global… Read More

September 5, 2023 @ 2:51 am By Omar Faridi  |  

The London Stock Exchange (LSEG) is reportedly working on a new digital marketplace that will leverage blockchain technology. Murray Roos, head of capital markets at the LSE Group, told the FT that the company had made the decision to move forward with the initiative after… Read More

September 5, 2023 @ 1:41 am By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a sustainability-linked financing package of €150 million to support Lion’s Head Investments AD (LHI), a commercial property investment platform in Bulgaria and Romania. The investment will be used for the acquisition… Read More

September 5, 2023 @ 12:40 am By Michael Wong  |  

Malaysia’s Labuan Financial Services Authority (Labuan FSA) has signed a memorandum of understanding (MoU) with the Bermuda Monetary Authority (BMA) to facilitate increased regulatory, enforcement, and supervisory cooperation between the two regulatory bodies. The MoU was signed virtually by Nik Mohamed Din Nik Musa, Director-General… Read More

September 4, 2023 @ 11:50 pm By Michael Wong  |  

Hong Kong’s Financial Secretary Paul Chan Mo-po cautioned in his weekly blog on Sunday that merely lowering the tax on securities trading would not necessarily breathe new life into city’s lethargic stock market, and added that piecemeal measures could be counterproductive. This is his first… Read More

September 4, 2023 @ 11:45 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking for the global financial services industry, announced financial results for the second quarter of fiscal year 2024, ended July 31, 2023. Pierre Naudé, Chairman and CEO of nCino, said: “We are very… Read More

September 4, 2023 @ 9:39 pm By Tony Zerucha  |  

Sumsub, a global full-cycle verification platform, today launched a six-month free trial of its Travel Rule compliance solution. The product will be available to global cryptocurrency organizations in time for the enforcement of the landmark Crypto Travel Rule legislation expanding in the United Kingdom today to further combat money laundering and terrorism… Read More

September 4, 2023 @ 4:37 pm By Omar Faridi  |  

Nada, a wealthtech platform, says that it is focused on unlocking the $20T home equity market for homeowners & investors. This wealthtech platform has raised $8M+ from VCs and around 3k+ individuals (LiveOak, Revolution, Capital Factory). This platform released “Cityfunds,” which is described as “the… Read More

September 4, 2023 @ 12:52 pm By Michael Wong  |  

Ivy, the company providing a global API for instant bank transfers, has successfully secured $20 million in a Series A investment round led by Valar Ventures. This development follows a $7.7 million seed round led by Creandum just a few months prior. “The rapid succession… Read More

September 4, 2023 @ 12:15 pm By Omar Faridi  |  

A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More

September 4, 2023 @ 11:29 am By JD Alois  |  

FCA-licensed payments platform Clear Junction has acquired crypto firm Altalix, according to a company statement. Clear Junction states that the acquisition makes it one of the few companies that possess both an EMI (e-Money) license and a crypto-asset registration. Altalix is a UK-based Fintech company… Read More

September 4, 2023 @ 11:01 am By Omar Faridi  |  

Confirm, the “first” platform to inject the science of Organizational Network Analysis (ONA) into performance reviews to help people leaders make fairer, faster, and data-driven talent decisions, announced that it has raised $6.2 million in Series A funding, bringing its total investment to $11.4 million…. Read More

September 4, 2023 @ 10:45 am By Tony Zerucha  |  

ACE Money Transfer, a Fintech company based out of Manchester, United Kingdom, has announced an enhanced partnership with Pakistani commercial institution Bank Alfalah. The union will enable overseas Pakistanis to remit money back home. ACE Money Transfer allows expatriates to send money from 28 countries… Read More

September 4, 2023 @ 10:11 am By JD Alois  |  

The British Business Bank has appointed Karen Barnett as its new Chief People Officer. Barnett steps into the role from October 2023. Barnett joins the Bank from WH Ireland, a private wealth management, financial planning, and capital markets services company where she was Human Resources… Read More

September 4, 2023 @ 10:09 am By Omar Faridi  |  

As more countries implement real-time payments rails (including the U.S. in July with FedNow), the next big frontier in the industry is the race to develop the best real-time cross-border payments solutions. ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments solutions, can speak… Read More

September 4, 2023 @ 9:59 am By Omar Faridi  |  

MoonPay –a Web3 infrastructure company – announced the launch of its investment arm, MoonPay Ventures. The new division enables MoonPay “to collaborate with and support trailblazing startups to drive industry-wide value and onboard the world to Web3.” MoonPay Ventures will engage “with early-stage companies across… Read More

September 4, 2023 @ 9:55 am By Tony Zerucha  |  

The Securities Commission Malaysia this week has announced the first group of award recipients for its Digital Innovation Fund. The Digital Innovation Fund was established to co-fund innovative projects that demonstrate the use of technology to allow new and competitive propositions in the Malaysian capital market. It… Read More