Today Revolut, the Financial Super App with over 10 million customers in the U.K and Europe, reveals figures outlining how the cryptocurrency market has changed on a week by week basis during the lockdown period.
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Lockdown alters crypto trading habits - Revolut data
Thursday, May 28, 2020 - 07:49
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Financial IT
Volksbank Bielefeld-Gütersloh Cooperates with Penta
Volksbank Bielefeld-Gütersloh is expanding its successful cooperations with Fintechs from the German start-up scene. The cooperative bank is now the first regional institute to cooperate with the Berlin company Penta. The customers of the digital platform for business banking are primarily small and medium-sized enterprises, some of them from the East Westphalia-Lippe region. The aim of the cooperation is to provide them with urgently needed liquidity support during the Corona crisis.
Thursday, May 28, 2020 - 07:30
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Findr launches AI matching platform to help fintechs grow safely during lockdown
Findr has launched operations in London with the vision of becoming the leading global technology platform for automating and accelerating the creation of commercial partnerships. The company will initially focus on the UK fintech market – the second largest in the world.
Thursday, May 28, 2020 - 07:28
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Financial IT
On a mission to mainstream digital asset investing and trading, capital markets veterans launch CrossTower Exchange
Thursday, May 28, 2020 - 07:13
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Financial IT
Nimbla and Wiserfunding partner to protect UK SMEs from insolvency
With the number of UK SMEs in significant financial distress reaching over 500,000 due to COVID-19[1], leading invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding, to improve the availability and pricing of commercial credit insurance. This will ensure that SMEs can continue trading and prevent the UK economy from stalling.
Thursday, May 28, 2020 - 06:48
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Financial IT
Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round
Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion.
Thursday, May 28, 2020 - 05:45
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Samsung and SoFi introduce money management tool
Electronics giant Samsung has partnered US digital lender SoFi on a mobile-first money management platform and Mastercard debit card.
The Samsung Pay debit card was unveiled earlier this month but the partners have now provided more detail on an accompanying fee-free cash management account.
Launching later this summer, Samsung Money by SoFi promises higher-interest earning and a combination of the convenience of mobile payments and the control of a debit card.
Thursday, May 28, 2020 - 05:44
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Financial IT
Social distancing & Financial distancing - New counterparty risk models
The impact of the current crisis on counterparty risk models
One could argue, that in a similar way that social distancing can limit the epidemic spread in the current health crisis, applying correct counterparty risk measures can prevent the contagion and propagation of financial defaults. Not by excluding companies from doing business, but by helping them with specific measures, hence avoiding a more systemic economic collapse.
Wednesday, May 27, 2020 - 22:44
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Siebert Financial Corp. teams up with InvestCloud to lead digital transformation
Siebert, a leading national broker-dealer and provider of financial services, has appointed InvestCloud to design and implement its complete digital transformation.
Wednesday, May 27, 2020 - 16:47
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Financial IT
NICE Actimize’s AML Solutions Chosen by Rakuten Securities to Improve Operational Efficiencies and Reduce Compliance Risk
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Rakuten Securities Inc., a major online brokerage operating throughout Japan and across Asia, to implement an innovative anti-money laundering compliance platform to protect and support its investor clients and meet regulatory requirements. Rakuten Securities will utilize industry-leading solutions from NICE Actimize’s Autonomous Anti-Money Laundering portfolio, initially rolling out the
Wednesday, May 27, 2020 - 16:27
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Financial IT
