Category : News

PayPal Allows American Customers to Use Cryptocurrencies for Purchases

PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can che...

F10 Investment Selects 6 Fintech and Insurtech Startups for 2021

F10 Investment has chosen six fintech and insurtech startups from the latest F10 Incubation Programme cohort in Zurich for its second investment round. Through the F10 Investment, the corporate partners of the F10 Fintech Incubator and Accelerator, s...

Booming NFT Scene Has Critics Warn of Bubble

Stories about non-fungible tokens (NFTs) have been everywhere this past month: meme animations, musical albums, digital artworks, and even virtual houses, are being sold at exorbitant prices with NFT tokens, and now both the New York Times and the Ti...

Visa Pilots Payment Settlements Using Stablecoin with Crypto.com

Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with Crypto.com,...

ABB Signs on AWS to Develop Cloud-Based Fleet Management Platform

ABB and Amazon Web Services (AWS) announced a collaboration to jointly develop a cloud-based digital solution for the real-time fleet management of electric vehicles (EVs). The solution will optimise the efficient use of EVs and speed up the electrif...

Open Banking Picks up in the US Amid Growing Demand and Competitive Pressures

Adoption of open banking is catching in the US on the back of rising customer demand and competitive pressures, according to a new report by Financial Technology (FT) Partners. In a paper titled Open Banking: Rearchitecting the Financial Landscape, t...

Austrian Fintech NumberX to Launch App-Based Card Powered by Open Banking

NumberX, an Austrian fintech firm launched by former Revolut and Anyline managers, are preparing to launch an app-based Mastercard powered by open banking. With NumberX, users can connect all their current accounts to the app, set a monthly spending...

German Central Bank: DLT-Based Securities Settlement Successfully Tested

Deutsche Börse, Deutsche Bundesbank and Germany’s Finance Agency have developed and successfully tested a settlement interface for electronic securities, working with a range of other market participants. Securities settlement using distributed ledge...

European Trading-App Freetrade Secures $69 Million in Series B Funding

Freetrade, a London-based investment platform, announced that it has raised $ 69 million during a Series B funding round. The company said that the funds will be used to accelerate its growth in international markets and allow the team to scale its p...

METACO Leverages IBM’s Capabilities for Its Digital Asset Orchestration System

IBM announced that METACO, a provider of security-critical infrastructure that helps large banks manage digital assets, will leverage confidential computing capabilities through IBM Cloud and IBM Cloud Hyper Protect Services for their digital asset o...

Digital Banking Solution Provider Meniga Closes €10 Million Investment Round

Meniga, a provider of digital banking solutions, announced that it has closed a €10 million strategic investment round. The round was led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the r...

Fintech Platform Feedzai Raises $200 Million at a Unicorn Valuation

Feedzai, an American cloud-based financial risk management platform, announced that it has secured $200 million during a Series D investment round, valuing the startup at more than $1 billion. The funding round was led by leading global investment fi...

33% of European Fintechs Face Regulatory Intervention Due to Partner Banks

ClearBank, UK’s cloud-based clearing bank, has released a report that revealed 33% of European fintechs have faced regulatory intervention due to agency banking resiliency failures. Agency banking is when a fintech offers its customers a servic...

Kontist: 25 Millionen Euro für Expansion von Echtzeit-Steuerservice für Selbständige

Kontist, Deutschlands erste Neo-Bank mit Fokus auf Freelancern und Selbstständigen, gibt eine weitere Finanzierungsrunde bekannt. Im Rahmen einer Series-B-Runde erhält Kontist von seinen Investoren insgesamt 25 Millionen Euro, mit denen der neue Gesc...

Regtech Spending to Exceed a Whooping $130 Billion in 2025

A new study from Juniper Research has found that spending on regtech, systems that enable banks and other heavily regulated sectors to meet their compliance burdens, will exceed $130 billion in 2025 from $33 billion in 2020. The report named The Role...