November 23, 2020 @ 12:00 am By Samantha Hurst  |  

Australian financial advice software as a service (SaaS) platform Lumiant announced on Monday it is now seeking $1.5 million through its equity crowdfunding campaign on Equitise. Founded earlier this year, Lumiant describes itself as a soon-to-be live, interactive client experience SaaS solution that drives “better”… Read More

November 22, 2020 @ 8:10 pm By Omar Faridi  |  

Indoensian President Joko “Jokowi” Widodo recently requested Fintech firms in the country to adopt good governance practices and become more accountable so that they can reduce the risks associated with rapid tech developments in the financial services sector. President Widodo noted during the recently-held Indonesia… Read More

November 22, 2020 @ 5:48 pm By Omar Faridi  |  

Henrique Dubugras, Co-Founder at Brex, a Silicon Valley-based Fintech Unicorn, recently noted that companies were forced to cut many jobs and were also more focused on retaining customers following the COVID-19 outbreak earlier this year. Dubugras now claims that the startup space is booming once… Read More

November 22, 2020 @ 3:42 pm By Omar Faridi  |  

Most of the staff members at Kazakhstan-based Fintech firm Kaspi.kz (LSE:KSPI) have been working from their homes due to the COVID-19 outbreak. The company claims its business has been doing well despite the challenges created by the Coronavirus crisis. Kaspi provides payment systems and digital… Read More

November 22, 2020 @ 3:39 pm By Omar Faridi  |  

The Seoul Fintech Lab, which has been established by the Seoul Metropolitan Government in South Korea, aims to transform the city into one of the leading financial centers in the world. The Fintech Lab’s organizers may be working closely with companies in Luxembourg. There’s an… Read More

November 22, 2020 @ 3:03 pm By Omar Faridi  |  

Qualified or eligible Fintech firms interested in establishing operations at the Qatar Financial Centre (QFC) could save around $10,000 as the QFC gets ready to launch its “Tech Talk” series. Henk Jan Hoogendoorn, MD at the Financial Sector Office at the QFC, noted earlier this… Read More

November 22, 2020 @ 2:55 pm By Omar Faridi  |  

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

November 22, 2020 @ 1:38 pm By Omar Faridi  |  

Western Union (NYSE: WU) has reportedly acquired a 15% stake in Saudi Arabia’s Telecom’s digital payment division. Western Union, which is notably the largest money transfer company in the world, has confirmed that it has purchased a $200 million (or 15%) stake in the online… Read More

November 22, 2020 @ 11:50 am By Omar Faridi  |  

Bitcoin (BTC), the world’s leading digital currency that’s trading at over $18,000, has become less volatile than many S&P 500 stocks. The team at VanEck, a New York-based investment management firm, has noted: “Historically, Bitcoin has been discussed in the news and among investors as… Read More

November 22, 2020 @ 11:48 am By Omar Faridi  |  

Global Fintech firm Circle has teamed up with the Bolivarian Republic of Venezuela and Airtm in order to provide aid to Venezuelan residents using the USDC stablecoin. According to a release, the initiative has been introduced with government support and notably marks “a global first”… Read More

November 21, 2020 @ 9:40 pm By Omar Faridi  |  

Nandan Nilekani, the Chairman at InfoSys, recently noted that French expertise could help with establishing an Aadhar-like system in order to make data more accessible to everyone. The Aadhaar system provides a 12-digit unique identity number that may be obtained voluntarily by India’s residents or… Read More

November 21, 2020 @ 8:36 pm By Omar Faridi  |  

Israel’s Bank Hapoalim and Abu Dhabi Global Market will be collaborating on various Fintech projects. Both organizations have agreed to support the digital transformation of financial services in the UAE and Israel. Abu Dhabi Global Market (ADGM), a major international financial centre located in the… Read More

November 21, 2020 @ 6:35 pm By Omar Faridi  |  

Italian mobile payments firm Satispay has secured €93 million (appr. $110.5 million) in capital from a share sale to several different investors which includes payments company Square (NYSE:SQ), tech giant Tencent (HKG: 0700), LGT Lightstone and TIM Ventures. Satispay’s investment round consisted of €68 million… Read More

November 21, 2020 @ 5:31 pm By Omar Faridi  |  

London-headquartered digital bank Revolut has partnered with global online advertising platform, Adzooma, so that the bank’s business customers can get special advertising cashback incentives. This is notably the first marketing-focused incentive scheme that Revolut Business has introduced while working with a trusted partner. It’s also… Read More

November 21, 2020 @ 5:13 pm By JD Alois  |  

Chainalsysis, a top firm aiding both public and private entities monitor and track crypto transactions, is expected to raise $100 million at a $1 billion valuation according to a report by Forbes. The new funding is said to be led Lee Fixel’s VC firm, Addition,… Read More

November 21, 2020 @ 4:33 pm By Omar Faridi  |  

The United Arab Emirates (UAE) is reportedly leading the MENA region’s Fintech sector with a projected valuation of around $2.5 billion by 2022 (which is still not significant compared to international standards). Regional and multinational financial services providers have been launching digital platforms in order… Read More

November 21, 2020 @ 3:45 pm By Omar Faridi  |  

South Korea’s Financial Services Commission (FSC) has proposed several legislative updates that could potentially give it more control over payment settlements in the Fintech sector. The Bank of Korea (BOK), the nation’s central bank, has stated that these proposed guidelines would create redundant regulations. As… Read More

November 21, 2020 @ 3:31 pm By Omar Faridi  |  

Luvleen Sidhu, Co-Founder and CEO at BankMobile, an established US-based digital banking platform, reveals that she was only 28-years-old when she had launched BankMobile Technologies, which will be acquired by Megalith Financial Acquisition Corporation (NYSE:MFAC) (as reported in August 2020). In only six years, the… Read More

November 21, 2020 @ 2:43 pm By Omar Faridi  |  

Although the COVID-19 pandemic has affected the business operations of small and large companies across the globe, it has also accelerated the adoption of all-digital platforms and services. Large banks like Santander and the Lloyds Banking Group have shut down many physical branch locations as… Read More