Belgian fintech startup Silverfin has raised a Series B round of $30 million, according to De Tijd. The round was led by Hg Capital with participation from Index Ventures and SmartFin Ventures.
The payment management platform IXOPAY is now connected to Finrax, an exchange and wallet provider for cryptocurrencies. eMerchants connected to the IXOPAY software platform will have the opportunity to use Finrax to accept payments from customers, issue withdrawals and pay vendor invoices with cryptocurrencies.
The Monetary Authority of Singapore (MAS) has launched a $1.75 million competition to seek innovative fintech solutions that can help financial institutions (FIs) respond to two critical global challenges: Covid-19 and climate change.
New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco.
Connected Claims USA has officially launched as the first fully virtual claims event and remains the world’s largest and most senior claims event (June 23-25, 2020).
It may have been a bad week for European neobanks — with mass layoffs at Monzo and tales of forced firings at Revolut — but at least the public markets are positive that financial technology companies are going to do well coming out of lockdown.
Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT.
Bailey Communications and InvestHK have confirmed today that the StartmeupHK Festival 2020, due to take place from 6-11 July 2020, is to be transformed from an in- person event to a fully virtual experience. Connected Retail Experiences will take place on 7th July 2020.
Financial crime is a fast-growing problem for banks, financial institutions and financial services firms. With the scale and sophistication of criminal activity on the rise, and regulatory scrutiny and penalties increasing, firms are under pressure to improve the effectiveness and efficiency of their efforts to tackle fraud.
Three of Japan’s largest banks are among major players joining a study group looking at developing a digital payment system that may address concerns about cryptocurrencies.
Regulators in the US and France are building bridges to assist fintech companies expand abroad. The New York State Department of Financial Services (DFS) and France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) today entered a cooperation agreement to promote innovation in financial services in their respective markets.
Mastercard has added a program designed to assist FinTech startups in Europe with quickly launching and expanding, the company announced on Tuesday (June 2).
Marqeta brought in a round of $150 million in fresh capital from an undisclosed investor, valuing the company at $4.3 billion, the company announced Thursday.
Investment in the UK’s financial technology (fintech) firms has grown by 500% in the past three years, compared with 133% for Europe and 170% for the US, says a new report.
France's competition authority has launched a public consultation into the fintech sector, with a focus on payment services.
A former Visa executive is launching an AI-based platform designed to help fintech startups build commercial partnerships with retailers, financial institutions and investors
Chinese tech giant Tencent Holdings will allocate nearly $70 billion (500B yuan) over the next five years in fintech development, including blockchain, cloud computing, and artificial intelligence (AI).
GoBear has secured $17 million in funds that it says will drive its efforts to become a "full-fledged financial services platform". It plans to focus on three growth areas, namely, online financial supermarket, digital insurance brokerage, and digital lending.
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