Tradeteq to Securitize Trade Finance Receivables on the XDC Network’s Public Blockchain
- 4 years 3 months ago
- Blockchain
Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens. The move is expected to deliver significant liquidity to the trade finance sector by securitizing a traditionally illiquid asset class on the XDC Network – a public, decentralized blockchain.
Stop Increasing the Costs of Cyber Breaches, says MyCena
- 4 years 3 months ago
- Security
The cost of data breaches globally is growing, with the average cost of a data breach in 2021 totalling a staggering $4.24 million, according to the latest IBM report - a 10% increase from the previous year and the largest single-year cost increase in the last seven years. Data leaks also likely accounted for a majority of breaches with the most common attack vector being compromised credentials.
OTC Markets Group Designates Invest Securities as an OTCQX Sponsor
- 4 years 3 months ago
- Investment
OTC Markets Group Inc., operator of regulated markets for 12,000 U.S. and international securities, announced that Invest Securities, a multi-expert investment services provider, has been designated as an OTCQX sponsor.
Barclays to Buy a Stake in Cryptocurrency Firm Copper
- 4 years 3 months ago
- Cryptocurrencies
UK-based multinational banking giant Barclays has reportedly bought into crypto custody firm Copper’s latest raise, concluding long-standing talks with investors in the round which had been delayed since November.
Moove Partners with Uber to Launch Mega Fleet for Ride-hailing in India
- 4 years 3 months ago
- FinTech StartUps
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing its launch in India as a part of its global expansion. Moove, which provides revenue-based financing to mobility entrepreneurs, has expanded from its African roots to Mumbai, Hyderabad, and Bangalore to provide accessible vehicle financing to driver partners on Uber’s platform.
YC Backed Better Opinions Raises $2.5 Million
- 4 years 3 months ago
- Fundraising News
Better Opinions, a Y-Combinator-backed company, has raised $2.5Mn from investors including Metaplanet VC and Goldwater Capital. The investors participating in the seed round include YCombinator, Taurus VC, Original Capital, Tremis Capital, Super Capital, and other investors, including angel investors.
GBA Launches New Blockchain Assessment Methodology
- 4 years 3 months ago
- Blockchain
The Government Blockchain Association (GBA) has published the Blockchain Maturity Model (BMM) Assessment Requirements. This is the second published document in the BMM Series. Why is the GBA establishing the Blockchain Maturity Model?
On its 11th Anniversary, OctaFX Announces a Visual Rebranding
- 4 years 3 months ago
- Trading Systems
Over more than a decade, OctaFX has managed to accomplish numerous achievements. Today, clients from over 150 countries have opened more than 12 million trading accounts with the broker. To become even closer to its clients, OctaFX decided to adopt a fresh new look: with refined colours, space-inspired elements, and a new logo. The concept
24/07 – Weekly Investment & Fundraising News
- 4 years 3 months ago
- Fundraising News
Neon Raises $80M to Expand Product Access
24/07 – Weekly Fintech Recap
- 4 years 3 months ago
- Artificial Intelligence, Blockchain, Open Banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships PayMate B2B Customers to Make Utility Bill Payments Using Visa Commercial Credit Cards
BFSI Leaders in India are Gathering to Discuss the Roadmap for the Future of the BFSI Sector in the Country
- 4 years 3 months ago
- Banking
Officially supported by NITI Aayog, the 10th edition of Big BFSI Future Tech Show & Awards is convening top-tier CXOs in India; to exchange information and effective techniques as they prepare for the next phase of tech-powered growth in India. Big BFSI Show and Awards is set to take place on 27 July 2022 at the Taj Lands End in Mumbai.
Aspire and Know Your Customer to Empower SMEs and Entrepreneurs
- 4 years 3 months ago
- RegTech
Aspire, the #1 all-in-one finance operating system for growing businesses in Southeast Asia, has joined forces with award-winning RegTech provider Know Your Customer to safely facilitate access to its financial products to underserved SMEs and entrepreneurs in the region.
Virgin Money Partners with BrightHR
- 4 years 3 months ago
- Digital banking
Virgin Money is partnering with BrightHR, the award-winning multi-service HR platform, to provide its small business customers with support in managing all their HR and health & safety needs. The bank's offering to business current account customers is being transformed with its improved digital proposition, which will offer services - such as BrightHR - to help customers run their businesses successfully.
Neon Raises $80M to Expand Product Access
- 4 years 3 months ago
- Fundraising News
Brazilian digital banking FinTech firm Neon on Thursday (July 21) announced that it has raised $80 million in its first Credit Rights Investment Fund (FIDC) focused on credit cards, increasing the total fund to $170 million, a number that is expected to double, according to a
Visa in Talks to Invest in Fintech Startup Airwallex
- 4 years 3 months ago
- Payments
Visa is reportedly in talks to contribute to a funding round for FinTech startup Airwallex, according to people familiar with the matter. Sources told Bloomberg that Airwallex’s goal is to raise $100 million to $150 million in an extension for its Series E round, per a report Wednesday (July 20).
