Tagged: coronavirus

Russia’s Planned Introduction of its Cryptocurrency Bill has Been Postponed Again, Due to Coronavirus Outbreak

The planned introduction of Russia’s cryptocurrency laws and regulations have been delayed again, due to the Coronavirus (COVID-19) outbreak. Anatoly Aksakov, chairman at the Russian State Duma committee on financial markets, claims that the nation’s virtual currency law, the bill “On Digital Financial Assets,” has… Read More

Starling Bank Adds No Interest Overdraft Feature for COVID-19 Impacted Individuals

Digital bank Starling Bank is now offering an “overdraft interest holiday” to personal account holders who are struggling financially due to the COVID-19 crisis. Starling Bank customers may apply for a three month interest holiday beginning today (Apri 1, 2020). Effectively, Starling will waive all… Read More

NYMBUS to Help US-based Financial Institutions with Effectively Responding to Economic Instability Following Coronavirus Outbreak

NYMBUS is planning to help US-based financial institutions with effectively responding to the economic instability resulting from the Coronavirus (COVID-19) outbreak. NYMBUS is a core banking modernization firm. It helps financial service providers with their digital transformation strategies. The company is offering a new program… Read More

ThetaRay, Provider of Big Data and AI-enhanced Analytics Tools, Joins Microsoft’s Partner Program to Offer AML Solution

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

German Solar Crowdfunding Platform Ecoligo Announces Guarantee Fund to Safeguard Investors Against Possible Coronavirus Impact

Solar crowdfunding platform Ecoligo recently announced a new guarantee fund that will safeguard investors against potential COVID-19 impact. The fund will notably be initially funded with €50,000 from Ecoligo, which will cover payments that are upcoming in the next months.  Ecoligo also revealed the guarantee… Read More

FundedByMe Set to Relaunch Donation-Based Crowdfunding Services to Help Small Businesses During COVID-19 Pandemic

FundedByMe, a multi-national investment crowdfunding platform, recently announced it is re-launching its donation-based crowdfunding services in order to help small businesses during the coronavirus (COVID-19) pandemic. The platform reported that in the suites of the financial crisis following the Coronavirus, many people, as well as… Read More

Poland’s National Payments Processor, KIR, Partners Cryptomathic to Allow Residents to Sign Documents Remotely Following Coronavirus Outbreak

KIR, the national payments processor in Poland, has partnered with Cryptomathic in order to allow the country’s residents to sign documents electronically (and remotely), following the deadly Coronavirus (COVID-19) outbreak. The eIDAS-certified remote qualified e-signature service (QES) allows Poland’s citizens and firms based in the… Read More

Financial Software Provider, Iress, to Offer Free Technology-related Information to Australia’s Fintech Sector as Country Adjusts to Working Remotely During Coronavirus Outbreak

Australia-based Iress is launching a new hub that will offer free technology-related information and support for the financial services sector as it begins to adjust to new ways of completing tasks during the coronavirus (COVID-19) outbreak. Visitors will have access to guidance and tools such… Read More

Fintech Credit Provider 4G Capital Adjusts Business Operations to Cope with Coronavirus Outbreak

Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda. The company has also shared how it is dealing with the deadly coronavirus (COVID-19) outbreak. FSD (Financial… Read More

Proof of Stake Blockchain Algorand Releases Survey to Gather Information on Status, Spread, and Symptoms of Coronavirus

Algorand (ALGO), a proof-of-stake (PoS)-based blockchain network, has released a global survey which will be used to compile information into a database. The survey will collect information on the current status, spread, and symptoms of the coronavirus (COVID-19). On March 27, 2020, Algorand’s developers noted… Read More

SEC: Small Business Capital Formation Advisory Committee & Investor Advisory Committee Schedule Meetings to Discuss COVID-19 Impact

The Securities and Exchange Commission has announced two meetings of Committees that provide recommendations to the Commission. The Small Business Capital Formation Advisory Committee on Small and Emerging Companies Meeting and the Investor Advisory Committee will both be holding meetings on Thursday, April 2, 2020…. Read More

Fintech App Usage Jumps by 72% According to deVere as COVID-19 Lockdown Forces Utilization

The COVID-19 lockdown and social distancing are forcing people to migrate to financial apps, according to a report by the deVere Group. In fact, the note from deVere claims that the use of financial Apps has jumped by a whopping 72% in a single week…. Read More

Biz2Credit Introduces Biz2X Accelerate SBA Platform For Banks & Credit Unions to Start Lending Under CARES Act

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

Seedrs Founder Comments on COVID-19 and UK Government Support

Seedrs founder and Chairman Jeff Lynn has distributed his thoughts on the ongoing impact of the COVID-19 pandemic and the UK government’s approach to aid the struggling economy – more specifically for early-stage firms. Lynn dices the issue up between the Good, the Bad and… Read More

Parliament of Australia: Select Committee on Fintech & Regtech Re-Opens Comments on Sector in Light of COVID-19 Pandemic

The Australian Select Committee on Financial Technology and Regulatory Technology (ie Fintech and Regtech) has re-opened a consultation in light of the ongoing Coronavirus or COVID-19 pandemic. According to the Australian Parliament: “Since the committee finished its last round of public hearings in February, Australia’s… Read More

COVID-19 Prevention Campaign: IT Firms in the Netherlands Launch “Tech Against Corona” Project, Leverages DLT

A group of companies based in the Netherlands have introduced the “Tech against Corona” project. Firms taking part in the initiative will provide the latest technology and expertise to the Dutch government so that it may be used to combat the coronavirus (COVID-19) outbreak. Tymlez,… Read More

COVID-19: US Consumer Sentiment in March 2020 Experienced 4th Largest Monthly Decline in Almost Five Decades

The Michigan Consumer Sentiment Index (MSCI), a monthly telephonic survey that aims to capture and assess the sentiment of US-based consumers, recorded the fourth-biggest monthly decline in almost five decades driven by the Coronavirus (COVID-19) pandemic. The MSCI is used by investors as a way… Read More

Coinbase Announces Coinbase Custody COVID-19 Update

Cryptocurrency platform Coinbase recently announced a COVID-19 update for its Coinbase Custody feature. Coinbase reported that the Coinbase Custody pandemic business continuity plans anticipated “shelter in place” scenario and the Coinbase team has plans in place to ensure that continue to meet the team’s withdrawal… Read More

Finastra Says Cyber-Attack Sought to Take Advantage of COVID-19 Driven Shift to Remote Operations

Just about all financial services firms have rushed to move operations to as much as possible to remote operations. For many Fintechs, the migration was fairly simple as many had established tech and protocols in place to operate in a virtual environment. For more traditional… Read More

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