Global

We find Fintech news from around the world and share it with you here.

Open Banking Platform Yapily Partners Fintech Firm Ordo to Launch Neighbour2Neighbour Project to Help COVID-19 Volunteers

UK-based Yapily, an established enterprise connectivity platform, has confirmed that it will be teaming up with Fintech firm Ordo, in order to launch a new payments service. The payments platform was officially launched last month. It allows users to issue invoices in a  simple, quick… Read More

Hungary’s Reserve Bank Says Fintech Adoption Is Relatively Slow, as Most Consumers Still Using Cash

Magyar Nemzeti Bank (MNB), the reserve bank of Hungary, has released its very first Fintech and Digitalization Report, which looks into the state of financial technology adoption and the level of digitalization across the nation’s banking ecosystem. The report revealed that there are at least… Read More

Cayman Islands Proposes New Legislation to Regulate Firms Dealing in Cryptocurrencies, Particularly Exchanges

The legislative assembly of the Cayman Islands has introduced five new pieces of legislation that may be used to regulate local firms dealing in cryptocurrencies. The proposed rules have mainly been created to monitor the operations of digital asset exchanges. The Virtual Asset Service Provider… Read More

Uruguay-based Fintech dLocal Adds Google Pay as a New Payment Option

Uruguay-based dLocal, a Fintech firm focused on facilitating international transactions, has reportedly added Google Pay as one of its local payment options. As mentioned on dLocal’s official website: “dLocal [aims] to close the payments innovation gap that exists between developed countries and emerging economies. We… Read More

Since January, the French Autorité des Marchés Financiers Has Whitelisted Just ONE ICO

France has been recognized as quickly crafting a digital asset friendly regulatory environment while some other jurisdictions struggled to move. The concept of digital securities and non-security crypto assets found support from policymakers and a law was enacted to create a structure for initial coin… Read More

Regtech: European Trade Repository REGIS-TR Partners Sensiple to Offer Interoperable, Automated Reporting Software

European trade repository REGIS-TR, which is a joint initiative established by the Clearstream (Deutsche Börse Group) and Iberclear (BME Group), will partner with Sensiple, a company offering regulatory technology (Regtech) for making repurchase agreements and facilitating secure lending. Through the partnership, REGIS-TR and Sensiple plan… Read More

Amsterdam-based Banking Challenger Finom Secures €6.5 Million in Seed Funding via Round led by Target Global

Amsterdam-based banking challenger Finom, which aims to serve entrepreneurs and SMEs, has secured €6.5 million in seed funding through an investment round led by Target Global. General Catalyst, FJlabs, the Raisin founders Frank Freund, Tamaz Georgadze, and Michael Stephan also took part in Finom’s funding… Read More

Santander Completes 50.1% Stake in UK Fintech Ebury After £350 million Investment

Spain-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, announced this week it has completed its purchase of a 50.1% stake in Ebury, a UK-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that trade internationally,… Read More

Andreessen Horowitz Secures Over Half a Billion Dollars for its Second Digital Asset Fund

Giant venture capital firm Andreessen Horowitz (a16z) has finalized its second crypto asset fund which is valued at over half a billion dollars. Established in 2009 by Marc Andreessen and Ben Horowitz in 2009, the VC firm confirmed the news on April 30, 2020. The… Read More

Bitcoin Bull Run. Is the Halving and Massive Government Stimulus Fueling Bitcoin’s Rise?

May is here meaning spring is emerging for parts of the world. For all of the world, it also means that Bitcoin is on the cusp of the next Halving (or the Halvening). The Bitcoin Halving takes place every four years. This is when the… Read More

American Fintech Ripple’s On Demand Liquidity Payments Network Triples Transaction Volume in Q1 2020: Report

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

Pakistan’s Largest Transaction Clearing Facilitator, NIFT, Partners with Fintech Haball to Introduce Contexual B2B Payments

The National Institutional Facilitation Technologies (NIFT), the largest transactional clearing facilitator in Pakistan and Haball, a Fintech firm that provides various B2B services, have teamed up, in order to launch contextual payments for local companies. NIFT is a payment system operator and provider. It offers… Read More

New Analysis Claims that Ethereum (ETH) Price Might be Manipulated by Certain Large Crypto Exchanges and “Whales”

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

WhatsApp Payments Plans to Penetrate India’s Lending Sector, Waiting for Regulatory Clearance

WhatsApp Payments, an in-chat payment feature that lets customers perform transfers through the messaging app to anyone in their contact list, has not achieved mainstream adoption in India. The UPI-based payments service lets users send and receive funds. It has been created by the National… Read More

Digital Identity: Eftpos Australia to Begin Testing its Mass-Market Online Customer ID Service, backed by Leading Banks, Merchants

Eftpos (electronic funds transfer at point of sale) Australia confirmed that it will begin running pilots of a mass-market digital identity service, which is reportedly backed by the nation’s leading banks and merchants. According to a document submitted to the Australian government’s Select Committee on… Read More

Blockchain Firm Bison Trails Adds Support for Keep Network, a Privacy Protection Layer for Ethereum (ETH)

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

COVID-19: Largest Real Estate Platform in Austria First Saw Dip, then a Bounce

  We are hearing a lot of chatter about some online lending platforms halting originations and some real estate crowdfunding platforms pulling back. A report out of the DACH countries provides some European perspective. In the DACH countries, property investment has been a standout performer… Read More

Fireblocks Tops $30 Billion in Digital Assets Transfers, Sees Strong APAC Demand

Fireblocks reports having topped $30 billion in digital asset transfers and over $7 billion in monthly transfers, according to a company release. Fireblocks is an enterprise-grade platform providing the infrastructure for moving, storing, and issuing digital assets. Fireblocks seeks to enable exchanges, custodians, banks, trading… Read More

Report Calls Cryptocurrency Derivative Trading Gambling Due to High Leverage

  A report conducted by crypto research firm Diar calls crypto trading on derivative exchanges “more akin to gambling than sustainable trading strategies.” Ironically, the report was paid for by crypto derivatives exchange ZUBR. The report states that Bitcoin liquidations on popular derivatives exchanges have… Read More

Blockchain-based Brave Browser Files Complaint Urging European Commission to Take Action Against Government Agencies that are Not Ensuring User Privacy

The San Francisco-based developers of Brave, an open-source, privacy-oriented Internet browser, have submitted a complaint which asks the European Commission to take quick action against European Union-based government agencies that are not protecting the data and privacy of local residents. Brave’s complaint was filed on… Read More

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