Tagged: coronavirus

April 1, 2020 @ 12:01 pm By JD Alois  |  

Current, an aspiring digital bank with over 800,000 accounts, has pulled some paycheck and purchasing data to provide some insight into how the COVID-19 pandemic is impacting the economy. Of course, this is a snap-shot in time and a single set of data does not… Read More

April 1, 2020 @ 7:46 am By Omar Faridi  |  

Charities in the United Kingdom are currently experiencing major challenges due to the deadly Coronavirus (COVID-19) outbreak. Payments services provider Thyngs has partnered with the Charities Trust, in order to introduce a new way to assist the UK’s charities sector with raising funds from people… Read More

April 1, 2020 @ 7:41 am By Omar Faridi  |  

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

April 1, 2020 @ 2:03 am By JD Alois  |  

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

March 31, 2020 @ 10:23 pm By Omar Faridi  |  

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

March 31, 2020 @ 10:19 pm By Omar Faridi  |  

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

March 31, 2020 @ 2:18 pm By Samantha Hurst  |  

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

March 31, 2020 @ 12:49 pm By Samantha Hurst  |  

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

March 31, 2020 @ 11:46 am By Karsten Wenzlaff and Ronald Kleverlaan  |  

The Crowdfunding industry is well aware of what economists call externalities – the fact that behavior of some people has an unintended impact on other people. Positive externalities can be observed on the Crowdfunding platforms every day due to the willingness of people to join… Read More

March 31, 2020 @ 8:08 am By Omar Faridi  |  

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

March 31, 2020 @ 12:38 am By Omar Faridi  |  

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

March 30, 2020 @ 10:38 pm By Omar Faridi  |  

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

March 30, 2020 @ 10:36 pm By Omar Faridi  |  

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

March 30, 2020 @ 6:25 pm By JD Alois  |  

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

March 30, 2020 @ 6:13 pm By JD Alois  |  

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

March 30, 2020 @ 4:53 pm By Samantha Hurst  |  

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

March 30, 2020 @ 2:36 pm By JD Alois  |  

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

March 30, 2020 @ 11:25 am By JD Alois  |  

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

March 30, 2020 @ 8:07 am By Omar Faridi  |  

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

March 30, 2020 @ 7:52 am By Omar Faridi  |  

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