March 26, 2024 @ 6:34 pm By Omar Faridi  |  

Alibaba’s Ant Group has reportedly committed another SGD 200 million investment into ANEXT Bank, which is its wholly-owned subsidiary and SME digital bank. This, according to media reports from March 25, 2024. As reported by DealStreetAsia, the digital finance and technology firm had previously committed… Read More

 Tagged anext bank, ant group, banking, digital bank, singapore, southeast asia

March 26, 2024 @ 6:32 pm By Omar Faridi  |  

Betterment, the largest independent digital financial advisor, announced that Betterment for Advisors, its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time. This launch coincides with the 100th anniversary of the mutual fund and provides… Read More

 Tagged betterment, digital finance, investments, product update

March 26, 2024 @ 4:19 pm By Omar Faridi  |  

Euroclear and IZNES announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject “to customary closing conditions and regulatory approvals. Financial terms will not be disclosed.” Established in 2017, IZNES is a regulated… Read More

 Tagged digital transformmation, euroclear, europe

March 26, 2024 @ 3:13 pm By Omar Faridi  |  

Peruvian Fintech company Leasy has reportedly completed a $28 million Series A round in equity and debt. The investment round is said to have been led by Magma Partners with Entangle Group, DeBa Ventures, Noa Capital, and Grupo CAPEM, also making contributions along with various… Read More

 Tagged investment round, leasy, loans, peru

March 26, 2024 @ 2:32 pm By Omar Faridi  |  

Riskified (NYSE:RSKD), a firm focused on fraud prevention and risk intelligence,  unveiled Chargeback Challenges and What You Can Do About Them: Global Insights 2024, a survey conducted in partnership with Paladin Fraud of over 300 ecommerce chargeback managers worldwide to “explore how the rising rates… Read More

 Tagged chargebacks, fraud, research, Riskified

March 26, 2024 @ 8:54 am By Omar Faridi  |  

NatWest Group has announced a new package of targeted lending and support for UK social housing, aimed at supporting local housing authorities and homeowners alike in the face of ongoing economic pressures. Through a new ambition of £5billion of lending (New funding gross of repayments… Read More

 Tagged europe, lending, natwest, uk, united kingdom

March 26, 2024 @ 8:52 am By Omar Faridi  |  

The world’s 1,229 unicorn companies, which are businesses valued at $1 billion or more, have been closely examined in an extensive update shared by CBInsights. CBInsights has looked at every billion-dollar startup around the globe and profiled the fastest-growing unicorn markets in the fast-evolving digital… Read More

 Tagged ai, cbinsights, genai, research, unicorns

March 26, 2024 @ 8:49 am By Omar Faridi  |  

Danske Bank signs a multiyear agreement with Amazon Web Services (AWS). As part of our Forward’ 28 strategy, they are offering customers new digital solutions, more self-service options, and easy and quick access to daily banking needs, while becoming a more efficient bank.” Additional investments… Read More

 Tagged amazon web services, aws, danske bank, europe

March 26, 2024 @ 4:04 am By Omar Faridi  |  

Soft Space, the fintech-as-a-service company, has announced a capital alliance with its long-standing partner, GMO Financial Gate, Inc., which claims to be one of Japan’s largest payment processing companies. This investment from GMO-FG comes before Soft Space’s planned Series C funding round, combining their strengths… Read More

 Tagged cashless, japan, payments, soft space

March 25, 2024 @ 11:21 pm By Omar Faridi  |  

Mastercard (NYSE: MA) released a whitepaper on the state of remittances, also known as cross-border payments, in Latin America. Remittances play a key role in strengthening financial inclusion in the region, boosting economies, and alleviating poverty –often “serving as an essential source of income for… Read More

 Tagged latin america, mastercard, remittances, research