Flash, Egypt’s new cashless payments app, has completed a $6 million seed round led by Addition with participation from Flourish Ventures and other strategic angel investors. This funding will be used to accelerate the startup’s product development and customer & business acquisition in Egypt. Flash has also obtained approval from the Central Bank of Egypt in partnership with Banque Misr to operate as a technical payment aggregator.

The Consumer Technology Association® (CTA) and 

The case for countries adopting their own digital currencies continues to grow as cryptocurrencies surges in popularity. While regulation and integration of alternative and digital currencies are at the top of the agenda for policymakers, some countries are already making the move – the first being El Salvador.

Temenos today announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization.

New research from Vodeno/Aion Bank has revealed how embedded banking adoption is significantly boosting brand loyalty for companies, with consumers more likely to use embedded banking products from brands as a result of the cost-of-living crisis.

FNZ, the global wealth management platform, has launched FNZ Yield Plus notes to provide professional investors such as corporates, pension funds, banks, insurance companies, asset managers and other institutional investors with a low-risk cash alternative and strengthen its global proposition. 

Have you considered owning an NFT or adding NFTs to your inventory, but aren’t sure about the accounting? Procuring a non-fungible token (NFT) may feel daunting enough, and nobody likes complicated taxes. Getting the right guidance on accounting for NFTs is crucial before owning any of these digital assets.

Saxo, the leading fintech specialist focused on multi-asset trading and investment today announces the appointment of Dan Squires as Country Head of Sales of its subsidiary, Saxo UK Limited, effective immediately. 

Squires will be based in Saxo’s London office and report to Charles-White Thomson. The appointment follows the news that Saxo is now supporting over one million clients worldwide, and that total client assets globally have exceeded USD 100 billion.  

Today, Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, announced the launch of its crypto lending and borrowing technologies, which will be available to all clients of the company’s white label exchange solution by the end of the quarter. With this technology, exchanges will be able to offer traders an easy way to earn interest on their tokens by lending them to the exchange, which, in turn, lends the tokens to qualified borrowers.