Tagged: fintech

SME Challenger Bank Tide Claims 1% Of the UK SME Banking Market in Two Years

Tide, a UK-based SME challenger banking, announced on Monday it has claimed one percent of the UK SME banking market just two years after it first started operations. The company reported that by the end of 2018, 56,000 of a total of 5.6 million UK… Read More

Ontario Securities Commission Now Seeking Applications for Fintech Advisory Committee

The Ontario Securities Commission (OSC) announced last week it is seeking applications for membership on its Fintech Advisory Committee (FAC). The OSC reported the FAC advises the OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. It… Read More

Kik Announces Launch of Peer-to-Peer Transactions Feature

Kik, a Canada-based chat platform, announced on Thursday the launch of its new peer-to-peer transaction feature, which is powered by Kin. According to Kik, the feature will allow users who are participating in public group chats to reward group administrators for facilitating positive and meaningful user interactions inside… Read More

Malta Fintech Bankex Set to Launch Security Token Trading Platform

On Thursday, Malta-based fintech BANKEX announced it has launched its own security token trading platform, BANKEX Token Exchange. According to the company, this new platform enables not only the trade of basic pairs of utility tokens but also the trade of complex security tokens connected… Read More

Envestnet | Yodlee Incubator Announces New Fintech Class

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced on Thursday the members of the newest Envestnet | Yodlee Incubator class. According to Envestnet | Yodlee, the incubator connects disruptive data-driven startups with the mentorship, strategic guidance,… Read More

Korean Fintech HonestFund Secures $12 Million Through Series B Investment Round

HonestFund, a Korean fintech startup, announced on Wednesday it secured $12 million through its Series B funding round, which featured investments from Dunamu & Partners, MurexPartners, KB investment, TL Asset Management, Bass Investment, and HB Investment. HonestFund total investment amount is now $21 million. Founded… Read More

U.S. Fintech Kyriba Forms New Partnership With WorldFirst to Expand Global Solutions Ecosystem

U.S. fintech startup Kyriba Corp. announced on Monday it has formed a partnership with WorldFirst, a foreign exchange and international payments expert, to expand its global solution ecosystem. According to Kyriba, the partnership with WorldFirst will streamline payment processes, increase the speed and transparency of cross-border payments, and… Read More

Hong Kong Fintech Oriente Secures $105 Million Through Initial Funding Round

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Oriente, the Hong Kong-based financial services and technology company, announced earlier this week it secured $105 million through its initial funding round. The round included investment from the founders and a group of family offices such as members of the Berjaya Group, JG Summit Holdings, Inc., and Sinar Mas. The round ranks as one… Read More

Accenture Opens Canada Innovation Hub in Toronto

Accenture (NYSE: ACN) announced earlier this week it opened its new Canada innovation hub in the heart of Toronto’s business and technology district to help clients grow, compete and transform in the digital economy. Accenture reported that as part of its investment in Canada, it… Read More

CreditEase Wins Star of Innovation in Fintech Award

CreditEase announced on Thursday it was the winner the Star of Innovation award at Global Finance Magazine’s 2018 Stars of China Awards.   CreditEase reported that it has been actively using financial technology to drive inclusive finance and wealth management, serving a large base of high-growth groups,… Read More

DBS Bank Announces New MOU With UnionPay International

DBS Bank announced earlier this week it has signed an MOU with UnionPay International,a wholly owned subsidiary of China UnionPay, will enable more than one million DBS PayLah! users to use their mobile wallet overseas for cross-border QR code payments. According to DBS, DBS PayLah! users… Read More

Fintech/Insurtech novae Forms New Partnership With Digital Tech Agency AAXIS to Strengthen White Label B2BC Digital Capability Framework alle2020

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has teamed up with digital tech agency AAXIS to continue the growth and development of the capabilities of alle2020, a global, white-label B2B2C digital capability framework it launched in October. According to Novae, alle2020 uses… Read More

India’s HDFC Bank Announces New Next-Gen Mobile Banking App

India-based HDFC Bank announced on Tuesday the launch of its new next-gen mobile banking app. According to HDFC, the app offers users effortless access to their bank accounts while on the go. The app made its debut at the Bank’s annual Digital Innovation Summit 2018 (DIS) in New… Read More

Finastra Opens New Office in Romania

UK-based fintech Finastra announced last week it has opened a new office in Bucharest, Romania. According to Finastra, the new site hosts more than 550 employees and contractors. It is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers… Read More

CityFALCON Returns to Seedrs & Quickly Secures £200,000 Funding Target

Just a little over a year after securing £566,488 through its second Seedrs round, UK fintech CityFALCON has returned to the equity crowdfunding platform for the third time and already raised its initial £150,000 funding target.  As previously reported, CityFALCON has received awards from Twitter,… Read More

Canadian Fintech Progressa Teams Up With the Alternative Credit Fund to Facilitated Up to a $13 Million Forward Flow Whole Loan Purchase Program

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced last week it is partnering with Alternative Credit Fund, a Vancouver-based specialty credit fund, to facilitate up to a $13 million forward flow whole loan purchase program… Read More

Investment Group United First Partners Announces Latest Venture Fund “UFP Fintech”

Fintech

United First Partners (UFP), an independent Research, Brokerage, Advisory, and Investment group, announced this week the launch of its new venture, UFP Fintech. According to UFP, UFP Fintech invests in early stage Fintech, Proptech, and Legaltech startups. It was reported: “Under the leadership of the… Read More

Saxo Bank Launches New Investor Platform

Denmark-based Saxo Bank announced on Wednesday the launch of its new platform for investors.  SaxoInvestor is described as a platform that gives the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios. According to Saxo Bank, the platform… Read More

UK Fintech Form3 Secures $13 Million Through Series B Funding Round Led By Draper Esprit

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Form3,  cloud-based platform for global payments processing, announced on Tuesday it secured $13 million through its Series B funding round, which was led by venture capital firm, Draper Esprit plc, with participation from existing shareholders Barclays Bank plc, Angel CoFund, and several individuals. Founded in 2016, Form3… Read More

Intesa Sanpaolo Now Set to Offer Customers Apple Pay

Intesa Sanpaolo announced on Tuesday it is bringing its customers Apple Pay, which is available on all credit cards, prepaid cards and XME Card debit cards issued by the Intesa Sanpaolo Group. According to the fintech, Apple Pay adds another important step to the digital transformation process… Read More

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