Tagged: covid-19

April 3, 2020 @ 9:15 am By Samantha Hurst  |  

UK banking group NatWest announced on Friday it is continuing to offer support SME customers by waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020 in response to the COVID-19 pandemic. NatWest also revealed that is providing… Read More

April 3, 2020 @ 9:14 am By JD Alois  |  

Factom, a blockchain as a service platform, is going into liquidation. Factom raised over $8 million in 2017 from well-known investors like Tim Draper, of Draper Associates and Medici Ventures, a wholly-owned subsidiary of Overstock.com, Inc., Peeli Ventures, and Harvest Equity. The news of Factom’s… Read More

April 3, 2020 @ 8:21 am By JD Alois  |  

ChainTrust GmbH, based in Hamburg, Germany, is out with a new crisis management system for entities that have migrated to remote operations during the COVID-19 outbreak. The company is focusing on supporting firms and other institutions to manage their workers in a GDPR compliant manner…. Read More

April 3, 2020 @ 7:54 am By Omar Faridi  |  

Nottingham-headquartered Fintech firm Tully has introduced a Coronavirus (COVID-19) Relief and Wellbeing network. The network aims to offer a single, comprehensive online resource where individuals financially affected by the Coronavirus outbreak may get access to payment relief. Tully’s free of cost service accepts applications from… Read More

April 3, 2020 @ 7:29 am By Omar Faridi  |  

Wolters Kluwer’s Compliance Program Management (CPM) business has introduced the Coronavirus Noteworthy Developments Bulletins, which aim to bring together all the global regulatory modifications, orders, notices and various other updates for the financial services sector (as they relate to the deadly COVID-19 outbreak). The newly… Read More

April 3, 2020 @ 7:21 am By Omar Faridi  |  

Spain’s tax authorities have begun sending warning letters to around 66,000 digital asset investors. The Spanish tax agency aims to remind cryptocurrency holders of their tax obligations. The Agencia Estatal de Administración Tributaria (AEAT) reportedly began its crypto-related tax collection campaign on April 1, 2020…. Read More

April 2, 2020 @ 8:30 pm By Renaud Laplanche  |  

It wasn’t supposed to be this way. Our biggest concern this year was going to be the Presidential election, or for some of us the Tokyo Olympics or the Warriors missing the NBA playoffs. Instead, the world’s population is experiencing an unprecedented shock that is… Read More

April 2, 2020 @ 2:21 pm By Samantha Hurst  |  

SMBX, a marketplace for buying and selling small-business bonds, announced on Thursday the first two issuers for its small business rebuild bond program, which is running in tandem with the company’s regular Small Business Bond Program. SMBX reported that through the program offers small business… Read More

April 2, 2020 @ 1:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met today in a teleconference to discuss the impact of COVID-19 and small business. In brief, several Committee members expressed the opinion that it is going to be really bad. Martha Legg Miller,… Read More

April 2, 2020 @ 11:59 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com has announced it is waiving the 3.5% credit card fee for crypto purchases during the next three months (April through June) as well as increasing rebates for essential purchases (food, groceries, and delivery) during the COVID-19 pandemic. Supported brands of… Read More

April 2, 2020 @ 8:36 am By Samantha Hurst  |  

Online payments company Skrill announced on Wednesday it is now offering its wallet and Quick Checkout solution free of charge to the many small to medium-sized businesses (SMEs) around the world that are providing products or services supporting communities during the COVID-19 pandemic.  According to… Read More

April 2, 2020 @ 7:22 am By Omar Faridi  |  

Fintech TransferWise has revealed that there are now over 7 million people across the globe that are using the company’s services to move money from one country to another. Founded in 2010 in Estonia, TransferWise now supports over 1,600 different currency routes, helping people save… Read More

April 1, 2020 @ 10:57 pm By Omar Faridi  |  

Amsterdam-based ABN Amro, the third-largest bank in the Netherlands, has revealed that it will be offering a credit facility to its commercial banking clients. The bank said it aims to help those who have been most affected by the coronavirus (COVID-19) outbreak. ABN Amro said… Read More

April 1, 2020 @ 10:22 pm By Omar Faridi  |  

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

April 1, 2020 @ 6:08 pm By JD Alois  |  

Earlier this week, an article in The Daily Caller targeted Itria Ventures. Itria is a financial services firm in the business of providing financing to its clients by making loans and purchasing accounts receivable – typically referred to as a Merchant Cash Advance (MCA) provider…. Read More

April 1, 2020 @ 3:15 pm By JD Alois  |  

Earlier this week, Monethera issued a rather brief statement via Twitter that it was ceasing all activities due to the COVID-19 outbreak. Details of the decision were said to be forwarded in an email to investors. Sorry to tweet this, but we are forced to… Read More

April 1, 2020 @ 2:54 pm By JD Alois  |  

Grupeer is the latest European peer to peer lender to shut down operations. Grupeer operates out of Latvia but also claims an office in Ireland. In a message posted on the site this week, Grupeer management claimed that the impact of the COVID-19 pandemic made… Read More

April 1, 2020 @ 2:40 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it is planning to hire up to 200 full-time small business loan agents to help meet the demand for emergency capital during the COVID-19. Lendio reported that with the recent passing of the CARES Act and the inclusions… Read More

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