Omar Faridi

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

Cross-Border Payments Provider CurrencyFair to Merge with Assembly Payments after Standard Chartered Investment

CurrencyFair, a cross-border payments solution provider, and Assembly Payments, whose platform aims to fully automate complex payment workflows, recently revealed that they’ve merged operations as part of a strategic investment from Standard Chartered (which is subject to shareholder approval and regulatory clearance). As noted by… Read More

P2P Bitcoin, Ethereum Exchange Paxful Denies there Was Data Leak, Confirms User Data and Funds Remain Safe

A recent post on Raidforums, a marketplace for purchasing and selling stolen data, has claimed that it has the personal details from millions of users on Paxful, a leading peer to peer Bitcoin (BTC) and Ethereum (ETH) exchange. However, Paxful‘s management stated that they’re false… Read More

ZA Tech Global, the Technology Initiative Backed by Softbank Vision Fund I, Launches Asia Fintech Center

ZA Tech Global Limited, the technology venture established by ZA International and supported by Softbank’s Vision Fund 1, revealed on Friday (April 9, 2021) that it’s launching its Asia Fintech Center (AFC) in Singapore. The new center will focus on financial services innovation projects and… Read More

Cardless ATM Withdrawal Services to be Offered in Hong Kong by Ping An OneConnect Bank and JETCO

Ping An OneConnect Bank (PAOB) recently revealed that it has teamed up with JETCO in order to provide cardless ATM withdrawal services. PAOB clients will now have the option to make cash withdrawals from over 1,700 JETCO ATM machines based in Hong Kong. Customers may… Read More

Digital Wealth Management Platform StashAway to Offer Services to Hong Kong Consumers after Obtaining License from SFC

StashAway, a digital wealth management solution provider, recently revealed that it will be offering services to Hong Kong consumers. The firm’s management confirmed that it’s now licensed by the Securities and Futures Commission (SFC). StashAway is a digital investment platform that offers “intelligent” asset allocation… Read More

Mintos Explains how Mexico Is Different from European Lending Markets, Platform Plans to Onboard More Mexican Lenders

After carrying out its market overviews for developing Asian countries like Uzbekistan, P2P lending marketplace Mintos has now shared key insights about Mexico. The Mintos team has carefully examined the overall picture of Mexican markets, as well as covering how the nation and the local… Read More

Betterment Introduces FDIC Insured Joint Checking Account for Clients Looking to Effectively Manage Shared Recurring Expenses

Betterment, the largest independent online financial advisor, recently launched an FDIC-insured Joint Checking account with several new features designed to help you and your partner “make the most of your money.” As mentioned in a note shared with CI, Betterment’s Joint Checking account is “for… Read More

Salesforce Dir of Strategy, Architecture Reveals he “Successfully” Tested Enterprise “Adoption Ideas” on Leading Blockchain Platform VeChainThor

The VeChain Foundation, which aims to support the development of VeChain, a leading blockchain platform, reports that their community’s vision “remains steadfast” which is focused on delivering the “mass adoption of public blockchain” while addressing key business challenges that may be “unworkable without this emerging,… Read More

There are “Signs” an Even “More Significant” Bitcoin, Ethereum, Crypto Market Move Is on Horizon: Report

After six months of double digit returns for Bitcoin (BTC) investors, some traders might be wondering whether this is the beginning of another 2017-type cryptocurrency market rally, the Kraken team writes in a blog post. The digital assets firm pointed out that Ethereum (ETH) and… Read More

Huobi Group’s Charity Division Commits $1 Million in Bitcoin (BTC) and Fiat Currency to UNICEF

Huobi Group, a leading blockchain firm, recently announced that its “philanthropic” division Huobi Charity Limited (regulated by the Charity Commissioners of Gibraltar – registration no. 324) is committing $1 million in Bitcoin (BTC) and fiat currency to UNICEF. The funds will be used to “help… Read More

Global Fintech Funding Remains Steady with Many Asian Fintechs Raising Massive Mega-Rounds: Report

Fintech funding has really picked up in 2021. It’s estimated to have already reached $15 billion during the first quarter, according to CB Insights data. In Asia, Fintech-related investments are on track to exceed $2.6 billion, which is notably the continent’s highest quarterly total since… Read More

Fintech Qudian Reports $109.4M in Q4 2020 Revenue, a 63.1% Decrease from Same Period Last Year, but Net Income Increased

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently revealed its “unaudited” financial results for the quarter and full year that ended on December 31, 2020. As noted in a release by the… Read More

Real-Time Account Payout Features Now Supported by Pakistan’s Faysal Bank via Western Union Partnership

Western Union, a leading provider of cross-border, cross-currency money transfer services, is teaming up with Pakistan’s Faysal Bank in order to improve its real-time bank account transaction network. Receivers of global money transfers in Pakistan can take advantage of Western Union’s real-time account payout feature… Read More

Fintech Unicorn Nubank’s Mexican Division Nu Mexico to Acquire $135M in Capital to Expand Operations in Latin America

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

Mark Yusko from Morgan Creek Capital Mgmt Says it Might Soon Be Considered Irresponsible to “Ignore” Bitcoin

Mark Yusko, founder, CEO and CIO at Morgan Creek Capital Management, recently argued that soon it could be considered irresponsible to ignore Bitcoin (BTC), the flagship cryptocurrency. In an interview with MarketWatch, Yusko said that he believes we’ll all be looking back 5 years from… Read More

DeFi Wealth Management Platform YIELD App Reports Over 25,000 Users, Appr. $46M AUM

YIELD App, a decentralized finance (DeFi) wealth management platform, has revealed that they’ve seen “strong” growth during their first quarter of trading, with the total number of users reaching almost 26,000 as assets under management (AUM) surged to around $46 million “between week one and… Read More

Cardano Smart Contracts Update to Allow Blockchain Devs to Work with Auctions, Collectibles, Crowdfunding Use-Cases

Alonzo will be developing on Cardano’s (ADA) token upgrades in order to give application developers the tools needed for creating business applications. IOHK, which supports Cardano development, notes in a blog post that at the beginning of March 2021, they implemented Mary ‒ which is… Read More

UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

Malaysia based Telecom Axiata Group and Norway’s Telenor to Merge Malaysian Mobile Businesses

Axiata Group and Telenor Asia revealed on Thursday (April 8, 2021) that they’ve revisted and confirmed their merger plans involving Celcom and Digi. At present, the deal is in advanced discussions. Malaysian telecoms company Axiata Group Bhd and Norway-based Telenor ASA will be focused on… Read More

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