Omar Faridi

Asian Development Bank Launches ADB Ventures to Support Initiatives for Achieving UN’s Sustainable Development Goals

The Asian Development Bank (ADB) has launched the ADB Ventures platform in order to channel investments and extend support to Asian firms that are creating platforms for achieving the United Nations’ Sustainable Development Goals (SDGs). ADB’s investment fund is taking contributions from several different partners… Read More

Automated Platform Astra Joins Visa’s US Fintech Fast Track Program

Astra, an automation platform, recently revealed that it had joined payments giant Visa’s US-based Fintech Fast Track Program. Astra has a mobile app that assists US customers in improving their cash flow and helps them save time using established rules that automatically transfer funds between… Read More

Interest-Free Buy Now, Pay Later Platform Laybuy Partners UK’s WHSmith to Offer Convenient Payment Plans

Laybuy, an interest-free “buy now, pay later” payment solutions provider, is teaming up with UK’s WHSmith, in order to provide users the option to buy now and pay later through the WHSmith.co.uk website. Customers will be able to buy products now, and will receive their… Read More

European Central Bank Partners with Digital Innovation Platform Reply to Offer AI and Machine Learning Coding Marathon

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

Rabobank Spins Off Fintech Startup Sure Pay, as Company Prepares to Establish Operations in the UK

After successfully offering IBAN check-ups in the Netherlands, Rabobank has reportedly spun off Fintech startup SurePay as it gets ready to establish business operations in the United Kingdom, ahead of the launch of the newly developed Confirmation of Payee rules. SurePay presently offers Confirmation of… Read More

Bitcoin (BTC) Lightning Network Developer Lightning Labs Secures $10 Million in Investments from Craft Ventures, Ribbit Capital, Others

Lightning Labs, a company focused on the development of the Lightning Network (LN), a second-layer scalability solution for expediting small Bitcoin (BTC) payments, has reportedly  finalized a $10 million Series A investment round – which was led by Craft Ventures. Ribbit Capital, RRE Ventures, Slow… Read More

Intercontinental Exchange to Acquire Loyalty Program Provider Bridge2 Solutions

The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE) and newly launched digital asset trading desk Bakkt, will be acquiring loyalty program provider Bridge2 Solutions, the firm confirmed on February 5. After the deal has been finalized (the terms of which have… Read More

Ripple Partners with Nasdaq-Listed Remittance Firm International Money Express (Intermex)

Ripple, a San Francisco-based Fintech firm,  has confirmed its new partnership with International Money Express (Intermex), a Nasdaq-listed remittance company. Intermex will reportedly be using Ripple’s On-Demand Liquidity (ODL) solution, which uses XRP, the world’s third-largest digital asset by market cap, to conduct cross-border transactions…. Read More

Popular Crypto Exchange Zebpay Set to Relaunch in India After Shutting Down Due to Regulatory Pressure

Nearly 16 months after winding down its business operations in India, digital asset exchange Zebpay is reportedly set to resume offering services in the country. Zebpay was one of the most popular crypto exchanges in India. However, it had to shut down because of a… Read More

UAE’s Ministry of Health and Prevention Teams Up with Other Local Agencies to Launch Blockchain Platform for Managing Healthcare Records

The United Arab Emirates’s (UAE) Ministry of Health and Prevention (MoHAP) has teamed up with the nation’s Ministry of Presidential Affairs, Dubai Healthcare City and several other local government agencies in order to launch a blockchain-enabled health data storage platform. The Emirates News Agency reported… Read More

Myanmar’s Digital Commerce Platform Get to Acquire Fintech Daung Capital

Myanmar’s online commerce platform Get is set to acquire Fintech Daung Capital, which focuses on offering a digital platform for education finance, cash advance distribution, and a rent-to-own option for personal and commercial automobiles. The transaction reportedly includes all of Daung’s assets, which comprise all… Read More

Public Sector Lender, Bank of Maharashtra, Tops List of Indian Banks for Most Digital Transactions in December 2019

Bank of Maharashtra (BoM), a small public sector Indian bank and lender, reportedly topped the list of all the country’s banking institutions for digital transactions performed in December of last year. This, according to India’s Ministry of Electronics and Information Technology (Meity). Meity data shows… Read More

Blockchain-based Supply Chain and Trade Finance Firm, Envoy Group, Acquires $13 Million in Funding

Blockchain-enabled supply chain and trade finance firm Envoy Group is reportedly planning to expand its operations beyond Latin America. This, after recently acquiring $13 million in funding from Alcedo Digital Ventures. Developed on R3’s Corda platform, Envoy aims to enhance the existing $17 trillion annual… Read More

Intercontinental Exchange (ICE) Makes Giant Online Marketplace eBay a Takeover Offer that May Value Firm at $30 Billion

The Intercontinental Exchange (NYSE:ICE), one of the world’s largest derivatives and equities trading firms, has reportedly made giant online marketplace eBay a takeover offer that could value the company at well over $30 billion, The Wall Street Journal reported. The companies have not yet held… Read More

Leading Digital Asset Custodian BitGo Partners with SettleBit to Allow Institutions to Trade Directly from their BitGo Accounts

BitGo, a leading digital asset custodian which holds $2 billion worth of cryptocurrency on behalf of its clients, has teamed up with SettleBit, a financial services provider, in order to allow institutions to conduct trades directly from their BitGo accounts. Established in 2013, BitGo provides… Read More

UK’s Starling Bank Adds Molo, Underpinned, Paystream to its Business Marketplace with Over 100,000 Customers

The addition of Molo, UK’s first, all-digital mortgage lender, Underpinned, a career management platform for freelance workers, and accounting services provider Paystream to the Starling Business Marketplace will take the digital bank’s business integrations count to 14. The integrations aim to build on services that… Read More

Regtech Firm Encompass Acquires £2 Million Grant from Scottish Enterprise to Build AI Engine to Complement KYC Offering

Regulatory technology (Regtech) firm Encompass has reportedly won a £2 million grant from the Scottish Enterprise, in order to create an artificial intelligence (AI)-enhanced engine to complement its existing know-your-customer (KYC) product offering. The latest funding is part of an initiative with a total value… Read More

Digital Asset, Developer of DAML Smart Contract Language, Acquires Investments from Salesforce Ventures, Samsung Investment Corp.

Digital Asset, the firm behind the open-source DAML smart contract programming language, has reportedly acquired investments from Salesforce Ventures and Samsung Venture Investment Corp, as part of the second closing of its Series C financing round. As mentioned on Digital Asset’s official website, the company… Read More

Barclaycard Confirms Deal to Become Preferred Payments Partner for 60,000 E-Commerce Retailers Hosted on BigCommerce’s SaaS Platform

Barclaycard, a major brand for credit cards at Barclays, a leading London-based multinational investment bank and financial services company, has confirmed a deal in which it will reportedly become the preferred payments partner for 60,000 e-commerce retailers hosted on BigCommerce’s software-as-a-service (SaaS) online platform. The… Read More

Giant US Post-trade Financial Services Firm DTCC Introduces Unified API Marketplace for Business Partners

The Depository Trust & Clearing Corporation (DTCC) has introduced its Application Programming Interface (API) Marketplace, which offers its customers, business partners, and internal developers a single, unified, central location for APIs created by DTCC. Each API comes with a software development kit (SDK) and relevant… Read More

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