General News

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

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

Mark Cuban and ConsenSys CEO Joseph Lubin Backed Nifty’s Appoints Olta Andoni, as NFT Legal Expert

Billionaire Mark Cuban-backed Nifty’s has reportedly hired Olta Andoni, an NFT copyright legal expert as its new Chief Legal Officer. Andoni will notably be the first CLO of the nascent non-fungible token or NFT-focused social media platform. Nifty’s is a fairly new online network for… Read More

Draper Esprit Updates on Exits and Performance Including Freetrade Investment

Publicly traded VC firm Draper Esprit (LSE: GROW, Euronext Growth: GRW), has distributed an update on recent developments in its portfolio in advance of full year reporting for the year. Draper noted that it will provide a full year trading update on April 26, 2021,… Read More

European B2B Wealthtech Allfunds Set to List on Euronext Amsterdam Stock Exchange

Madrid-based Allfunds, a B2B Wealthtech solution provider, will reportedy be listing on the Euronext Amsterdam stock exchange. Allfunds has developed a comprehensive ecosystem that aims to cover the complete fund distribution value chain and related investment cycles, including through Allfunds Connect, which is a suite… Read More

IDNow Says Germany’s Recent Decision to Allow Video ID Validates Strategy

On April 1, 2021, the German Federal Network Agency (Bundesnetzagentur) posted an update on “electronic trust services” in regards to video identification. Pointing to this update, IDNow said the decision to allow AI (artificial intelligence) based identification methods for new use cases in Germany is… Read More

Clubhouse Adds New Digital Payments Option so Creators on Platform Can Generate More Revenue

Clubhouse will reportedly be adding a payments option that’s meant to generate more revenue for creators. The company also revealed that it could launch other initiatives in the foreseeable future. The move to add the new payments feature has come at a time when several… Read More

JPM CEO Jamie Dimon: “Banks are playing an increasingly smaller role in the financial system”

JPMorgan Chase (NYSE:JPM) is out with its annual report today and opening up the document is a letter from JPM CEO Jamie Dimon. The annual missive has emerged as the most widely read “dear shareholder” letter in the financial services sector as Dimon is broadly… Read More

ABN Amro and Rabobank in the Netherlands are Working with Technology that Helps Combat Financial Crime, but Maintains Client Privacy

ABN Amro (AMS:ABN), a Dutch bank with headquarters in Amsterdam, and Rabobank, a Dutch multinational banking and financial services group, are reportedly working with research platform TNO in order to test technology that allows banking institutions to share data that’s used for identifying financial crime… Read More

IOTA, which Re-Engineered Principles of DLT to Offer Improved Financial Exchange Protocol, Gets Ready for Major Upgrade

Dominik Schiener, Co-founder at IOTA, which claims it has “re-engineered the principles” of existing distributed ledger technology (DLT) to offer a fee-less, open-source, secure data and financial exchange protocol, has revealed that one of the biggest upgrades in IOTA’s history is “right in front of us.”… Read More

Neobanking Fintech StashFin Secures $40M via Series B Extension led by Prominent Global Investros

Singapore-headquartered neo-banking platform StashFin has finalized a Series B extension equity financing valued at $40 million from several international investors. New investors taking part in StashFin‘s investment round included Altara Ventures and Uncorrelated Ventures along with contributions from investors such as Integrated Capital, Kravis Investment… Read More

Security Tokens Market Cap Surpasses $613M, Up Over 21% MoM, Trading Volume Up Over 10%: Report

The team at Security Token Market (STM), which is focused on the fast-evolving blockchain-enabled security tokens space, has published their monthly report. The report reveals that the total security token market cap (as tracked by stomarket.com) stood at  $613,442,470. The market cap monthly change was… Read More

British Business Bank: Recovery Loan Scheme Open for Applications

The Recovery Loan Scheme is now open for application. Administered by the British Business Bank, this is a new scheme to support access to finance for UK businesses as they turn the corner on the COVID-19 health crisis. The scheme, announced at the Budget on… Read More

BNPL Fintech Affirm Reveals that Almost 60% of Survey Respondents are Interested in Using Pay Over Time Services

BNPL Affirm (NASDAQ:AFRM) notes that US consumers happen to agree that the best or ideal surprise in life is “randomly finding money in your pocket or on the street closely followed by getting a tax refund, no matter the amount.” As mentioned in a recent… Read More

PeerIQ: Consumer Bankruptcies Lower, Loan Performance Strong

PeerIQ, a data house for online lending platforms, reports that consumer bankruptcy filings fell sharply last year. PeerIQ notes that filings under chapter 7 were down 22%, while those under chapter 13 were down 46%. Certain government programs have helped to mitigate bankruptcies as well… Read More

Blend Network Says its Strategy of Funding £100-200k Flats or £200-400k Houses has Been Effective, and Might Be Even More Relevant Now

The team at UK-based Blend Network, an online P2P lender, notes that after a “short-lived” slowdown, the United Kingdom annual house price growth managed to recover with “renewed vigor” in February 2021. Blend Network writes in a blog post that January 2021 saw price growth… Read More

Germany: Investment Crowdfunding Declines to €400 Million in 2020, €100 Million Reported in Q1 2021

In 2020, over €400 million was invested into securities offerings in Germany via crowd investing or investment crowdfunding platforms according to research by Crowdinvest.de augmented by data from Bundesverband Crowdfunding (the German crowdfunding association). The first quarter of 2021 saw approximately €100 million. According to… Read More

Rashelle Salimi from Wealth Management Tech Platform Addepar Discusses Key Industry Trends with Women Fintech Execs

Wealth management tech platform Addepar published a blog post on March 31, 2021, noting that it was Women’s History Month, when they look forward to celebrating the impressive accomplishments of women in “every avenue of business, government and our communities.” At Addepar, they feel privileged… Read More

Bank of America Announces Acquisition of Healthcare Payment & Tech Company Axia Technologies

Bank of America announced on Friday it has acquired Axia Technologies, Inc. (AxiaMed), a healthcare payment and technology company that is focused on facilitating secure patient payments. The banking giant reported that the acquisition will deepen and expand its payment offerings for healthcare clients, as… Read More

Cross-Border Payment Platform dLocal Secures $150 Million Through Latest Investment Round Led By Alkeon Capital

  dLocal, a cross-border payment platform, announced on Friday it secured $150 million through its latest investment at a valuation of $5 billion. According to dLocal, Alkeon Capital led the round with participation from BOND, D1 Capital Partners, and Tiger Global. dLocal claims to be… Read More

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