August 30, 2021 @ 9:43 pm By Omar Faridi  |  

MX Exchange has reportedly received full approval from the Securities Commission Malaysia (SC) to serve as a Recognized Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of virtual currencies in the Southeast Asian country. This makes MX Exchange only the fourth DAX to offer compliant… Read More

August 30, 2021 @ 9:17 pm By Omar Faridi  |  

Hong Kong-based OneDegree, an Insurtech firm under the Cyberport Incubation Program, revealed on August 30, 2021 that it has secured $28 million in capital through a Series B1 round. The company has secured more than $70 million, to date. As noted by its management: “In… Read More

August 30, 2021 @ 8:31 pm By Omar Faridi  |  

Philippines-headquartered financial services center PERA HUB has teamed up with Brankas, an Indonesia-based open API tech provider, in order to introduce a digital remittance platform, called PERA HUB Conex. As noted by its management: “PERA HUB is the country’s foremost urgent transaction center for money… Read More

August 30, 2021 @ 8:03 pm By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, is raising money for itself once again using the Reg A+ securities exemption. StartEngine utilizes several securities exemptions to raise capital online including Reg A+ and Reg CF as well as Reg D (506c)…. Read More

August 30, 2021 @ 4:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a judgment against a California man who allegedly posted false tweets to boost the price of a security that traded on OTC Markets. According to the SEC, Andrew L. Fassari used the Twitter name @OCMillionaire to promote shares… Read More

August 30, 2021 @ 4:25 pm By Omar Faridi  |  

Sensibill, the customer data platform that “enriches” SKU-level data for the financial services sector, and FreeAgent, a provider of cloud accounting software for SMBs and accountants, will be supporting over 110,000 business clients to “better manage their business expenses.” As mentioned in a release, the… Read More

August 30, 2021 @ 1:57 pm By Omar Faridi  |  

Fintech investments are fueling growth in the MENA region’s digital economy as consumers increasingly begin to conduct cashless transactions, following the Coronavirus outbreak. The region’s financial technology space is also benefitting from updated regulatory guidelines that may be more conducive for growth, according to consultancy… Read More

August 30, 2021 @ 11:59 am By JD Alois  |  

Shares in PayPal (NASDAQ:PYPL) are rising following the report that the Fintech is preparing to launch stock trading. PayPal already features crypto trading so a move towards traditional assets, alongside digital assets, may make a lot of sense to the global payments firm. According to… Read More

August 30, 2021 @ 11:42 am By JD Alois  |  

FV Bank, a digital bank with a focus on digital assets, has raised $8 million in a Series A funding round according to a company release. The funding will be utilized to launch a digital asset custody solution, a debit card along with international expansion…. Read More

August 30, 2021 @ 10:10 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, revealed on August 30, 2021 that 15 finalists were selected for the international competition to create a retail Central Bank Digital Currency (CBDC) solution (Global CBDC Challenge). The finalists include financial institutions,… Read More

August 30, 2021 @ 10:01 am By Omar Faridi  |  

We recently connected with James Wo, the Founder and CEO at Digital Financial Group, an investment company empowering Web 3.0 applications and blockchain or DLT -enabled platforms. Wo discussed the different products and services that his company supports. He also discussed the long-term impact that… Read More

August 30, 2021 @ 9:14 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a Fintech that became a public company last month, has distributed a note indicating that underwriters have exercised a portion of the share over-allotment. The customary practice allows underwriters to purchase more shares at the IPO price. Robinhood states that our of the… Read More

August 30, 2021 @ 9:02 am By JD Alois  |  

Russian Digital bank Tinkoff has been recognized as the Most Innovative Digital Bank in Central and Eastern Europe at Global Finance magazine’s 2021 World’s Best Digital Banks awards, according to a note from the Fintech. Tinkoff states that its AI [artificial intelligence] banking strategy seeks… Read More

August 30, 2021 @ 9:00 am By Omar Faridi  |  

Hats has secured $3.5 million in seed funding in order to create an “incentivized” cybersecurity network. Hats is now live with Liquity and Kleros bounty vaults, according to an update shared with CI. Hats is described as a “decentralized” cybersecurity incentive network “governed by its… Read More

August 30, 2021 @ 7:50 am By Omar Faridi  |  

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), recently revealed that Sun Life (TSX: SLF) (NYSE: SLF) has chosen AWS as its Cloud tech  provider in order to become a “Cloud-first” organization, supporting ongoing innovation, and develop digital client experiences. Sun Life… Read More

August 30, 2021 @ 7:48 am By Omar Faridi  |  

Scalable Capital, an online broker and one of Europe’s largest digital wealth management platforms, recently expanded its savings plan offering. Scalable Capital customers are now able to consistently save towards stocks, exchange-traded funds or ETFs, and virtual currencies, beginning at just 1 Euro savings rate…. Read More

August 29, 2021 @ 11:34 pm By Omar Faridi  |  

European P2P lender Bondora reveals that returns are holding steady. Investor returns via the platform for 2021 originations were “higher in July compared to June,” the company noted in a recent update. Here are the key takeaways for July 2021’s portfolio performance (as shared by… Read More

August 29, 2021 @ 11:23 pm By Omar Faridi  |  

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

August 29, 2021 @ 11:17 pm By Tony Zerucha  |  

Taoping (NASDAQ: TAOP), a provider of blockchain technology and smart cloud services, today announced that its wholly-owned subsidiary Taoping Digital Assets (Asia) Limited (TDAA) and a Kazakhstan company Aral Petroleum Capital (APC) have signed an MOU to establish a joint venture in Kazakhstan, of which… Read More

August 29, 2021 @ 11:08 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and assists merchants with driving growth reveals that its “flexible” payment service will soon be available to Amazon.com clients at checkout. As mentioned in the announcement, Amazon and Affirm are currently testing with select customers, and… Read More