Tagged: financial services

August 29, 2021 @ 8:16 am By Omar Faridi  |  

Cyberport recently confirmed that the application stage for Phase 2 of the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau (FSTB), had been closed at the end of June 2021. As mentioned in a release, dated August 26, 2021: “Together… Read More

August 28, 2021 @ 9:03 am By Omar Faridi  |  

The National Bank of Canada (TSE: NA) has reportedly invested $103 million in Flinks, including $30 million in growth capital “towards acceleration of the Montreal-based fintech’s expansion activities in North America,” according to a release. As mentioned in the announcement, the investment has been made… Read More

August 27, 2021 @ 8:11 am By Omar Faridi  |  

Monit, a mobile financial platform for small businesses, states that it plans to improve the connections between banking platforms and their small business clients. The company has announced several new senior management appointments across the organization. Rian Stockbower is now the firm’s first CTO; Max… Read More

August 27, 2021 @ 6:49 am By Omar Faridi  |  

Serrala, an international financial automation and B2B payments software firm, has acquired a majority investment from Hg, a global software and services investor. After the deal is finalized, Serrala’s Chief Executive Sven Lindemann and existing investor, Waterland, will continue to offer support to the business… Read More

August 26, 2021 @ 11:36 pm By Omar Faridi  |  

Tezos (XTZ) has been chosen to enable smart contracts for “leading” European banks, according to a recent update. Crypto Finance Group, InCore Bank, and Inacta announced on August 24, 2021, that they are selecting Tezos for “innovative, compliant on-chain digital financial products.” As mentioned in… Read More

August 25, 2021 @ 8:52 am By Omar Faridi  |  

Financial giant ING (AMS: INGA), a Dutch multinational banking and financial services corporation headquartered in Amsterdam, reveals that it has hired Marnix van Stiphout as its Chief Operations Officer and Chief Transformation Officer (COO/CTO) and member of the Management Board Banking. Marnix will be taking… Read More

August 24, 2021 @ 10:02 pm By Omar Faridi  |  

Open Banking Initiative Canada (OBIC), which is a non-profit advocacy organization bringing together professionals from finance, technology, and regulation, to promote Open Banking, has teamed up with the Open Banking Expo, an international community of Open Banking and Open Finance execs working on digital transformation… Read More

August 24, 2021 @ 8:38 am By Omar Faridi  |  

Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More

August 22, 2021 @ 9:28 pm By Omar Faridi  |  

The Abu Dhabi Global Market (ADGM) has introduced the 5th edition of its flagship project,  Fintech Abu Dhabi Innovation Challenge. The challenge is reportedly a part of the upcoming Fintech Abu Dhabi festival – which is scheduled to take place in November 2021. The ADGM… Read More

August 19, 2021 @ 9:36 am By Omar Faridi  |  

The music industry deserves “music banking.” Nerve reveals the launch of the first neobank that will address the requirements of musicians. Nerve’s mobile app will aim to merge user experience and Fintech solutions in order to assist artists with establishing stronger communities and more sustainable… Read More

August 19, 2021 @ 7:41 am By Omar Faridi  |  

European Fintech solutions provider finleap has teamed up with Bahrain-based telecom firm Batelco in order to support Open Banking in the MENA region. Recently, Batelco became the very first GCC-headquartered firm to acquire an Open Banking license. Through this latest partnership, finleap will be extending… Read More

August 18, 2021 @ 9:29 am By Omar Faridi  |  

GLORY LTD., an international provider of cash tech solutions to the financial, retail and quick service restaurant industries, reveals that it will aim to become the “cornerstone” investor in the UK’s OneBanks, the shared branch banking “innovator,” as part of a Series A round in… Read More

August 17, 2021 @ 5:00 pm By Omar Faridi  |  

Ximena Alemán, Co-CEO at Prometeo, the Latin American (LatAm) Fintech firm that’s leading Open Banking adoption throughout the region, recently shared key industry insights with Crowdfund Insider. Prometeo recently announced the launch of Spark, which is a free-of-cost program for high-potential startups, Fintechs, as well… Read More

August 16, 2021 @ 12:14 pm By Omar Faridi  |  

UK’s digital bank Starling notes that with their platform and financial services, clients are able to bank “anywhere.” According to Starling Bank, that’s what makes them a wonderful app for business owners “out and about at festivals.” As part of this ongoing support for the… Read More

August 16, 2021 @ 8:37 am By Omar Faridi  |  

A team of experienced investors, technologists and Fintech professionals, Mode has been offering innovative financial services in the United Kingdom, Europe and across the globe since their inception back in 2018. Although we might be aware that Mode serves as a Bitcoin app, its vision… Read More

August 14, 2021 @ 4:22 pm By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) recently revealed that eight teams have been chosen to take part in a “tech sprint” designed “to explore new technologies and techniques” to assist banking institutions with meeting the requirements of unbanked consumers. The FDIC’s technology lab, FDITECH, introduced… Read More

August 13, 2021 @ 4:16 pm By Omar Faridi  |  

We recently connected with Neil Bergquist, CEO at Coinme, a crypto firm that’s focused on serving retail investors. Coinme offers on-the-ground access to purchase/sell Bitcoin (BTC) with cash through the Coinstar and MoneyGram. During our conversation, Neil talked about what people should consider when looking… Read More

August 12, 2021 @ 9:47 pm By Omar Faridi  |  

Fintech firm dopay has received a banking agent license via the Arab Banking Corporation Egypt (Bank ABC Egypt). As noted by its management: “Dopay is the Fintech innovator driving financial inclusion by making access to cashless payment solutions simple, secure, and super-fast. Today, 1.7 billion… Read More

August 11, 2021 @ 8:53 am By Omar Faridi  |  

The team at Fintech Kroo notes that they say “money talks,” but how loud does £17.7 million “speak?” After hours of “great conversations” with potential investors, company CEO Andrea De Gottardo is pleased to share her excitement with everyone. Kroo has raised £17.7m through its… Read More

August 11, 2021 @ 8:42 am By Omar Faridi  |  

A survey by API Management firm Axway (Euronext: AXW.PA) reveals that half of Americans have “never heard” of the term “Open Banking,” however, 84% agree with its “central tenet” that they should have “control of their financial data.” As mentioned in an update shared with… Read More