Fintech CEO: Kevin O’Leary’s Move Towards Crypto Raises Custody Questions
- 4 years 7 months ago
- Cryptocurrencies
Kevin O’Leary, notable for his role on Shark Tank, has made an about-face on digital assets. Originally a skeptic, the businessman has, this month, announced that nearly 10% of his portfolio is now invested in digital assets. O’Leary isn’t the only famous businessman to espouse the benefits of cryptocurrencies. Mark Cuban and Elon Musk, in particular, have long been cheerleaders for the new investment class.
Tinkoff Acquires Jump.Finance – a Service that Automates Payments to Individuals and Self-employed Persons
- 4 years 7 months ago
- Payments
Tinkoff has acquired a controlling stake (51%) in Just Look, the developer of Jump.Finance, a fintech service that automates interactions with freelancers, including payments. The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services small, medium-sized and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team. The financial terms of the deal...
Constant Fear of Cyber Threats Puts Information Security at Number one Risk Concern in Financial Services, says ORX
- 4 years 7 months ago
- Security
Interestingly, this year’s report reveals that External Fraud has entered the top five (from 9th place), replacing Business Continuity. The variety, volume, and sophistication of External Fraud attempts present an evolving and ever-present challenge in an economically turbulent environment. Top Risk Review (Sep 2020) Top Risk Review (May 2021)
Diversifi in Partnership with Cloverly Launched Green Crypto for Institutions
- 4 years 7 months ago
- Management
First crypto risk management platform for institutions, utilizes Cloverly, a sustainability-as-a-service platform, to help the crypto industry offset its environmental footprint.
UK Venture Capital Fund Performance Increased Sharply Over the Last year, Finds Latest Research by the British Business Bank
- 4 years 7 months ago
- Banking
Performance of UK VC funds has increased sharply over the last 12 months
Access to Affordable Borrowing Options Vital as UK Reliant on Credit in Run up to Christmas
- 4 years 7 months ago
- Open Banking
Debt levels among variable workers* have increased by ten percentage points throughout the pandemic, with the number of variable workers with debts of between £5,000 and £10,000 more than doubling from 2020 (10% to 23%). Of the 25-34 year olds that expect to increase borrowing in the next six months, 31% need additional funds to buy Christmas gifts for friends and family. These groups of society are also more likely to use higher cost credit...
Response from Judith Hartley, Chief Executive Officer, British Patient Capital
- 4 years 7 months ago
- Trading Systems
Judith Hartley, CEO, British Patient Capital said: “The performance of UK venture capital is a notable success story after what has been an otherwise challenging period for businesses across the world. The third annual UK Venture Capital Financial Returns report from our parent company, the British Business Bank, clearly illustrates the importance of venture capital as an asset class to investors, innovative companies, and the wider economy.
Are You Ready For iFX EXPO Dubai 2022?
- 4 years 7 months ago
- Blockchain, Payments
Following this year’s UAE success, iFX EXPO Dubai 2022 will be sweeping into an even larger venue for another action-packed show. The eagerly-awaited expo will take place at Za'abeel Hall 6, Dubai World Trade Centre from 22-24 February 2022 and is expected to attract more than 3000 attendees.
Allica Scoops £110 million in Series B
- 4 years 7 months ago
- Banking
SME challenger bank Allica has agreed a £110 million Series B funding round led by Atalaya Capital Management, alongside existing lead investor Warwick Capital Partners. The new equity injection comes just days after the startup boosted its profitability ambitions by agreeing to buy the £600 million British small business loan book of Allied Irish Bank.
Landsbankinn Chooses Salt Edge to Become PSD2 Compliant
- 4 years 7 months ago
- Payments, Compliance
Landsbankinn, the largest Icelandic bank, has joined forces with Salt Edge, a pioneer in open banking, to comply with Icelandic law on the PSD2 legislation.
Why a Multi-acquirer Strategy is Key to Global Growth
- 4 years 7 months ago
- Payments
As online business grows exponentially, finally fulfilling the internet’s promise of a ‘global village’ in which anyone can buy and sell anything from anywhere, CellPoint Digital is providing merchants with the ability to increase conversions, reduce operational costs, and boost profits.
Vauban Raises £4.7m to Provide Investors With an End-to-end Platform to Easily Launch and Run a Venture Capital Firm Online
- 4 years 7 months ago
- Fundraising News, Fund Management, Infrastructure
Vauban is building the infrastructure and network powering the global alternative investment industry. The platform provides venture capital fund managers and angel investors with everything they need to raise and invest capital quickly and simply. Users can set-up, deploy and manage Funds and SPVs online, from multiple global investment jurisdictions, at a fraction of the usual time and cost.
Chill Out, Relax, Take It Easy: PCI Pal® Removes the PCI Compliance Worry from Chill Insurance
- 4 years 7 months ago
- Transaction Banking, Payments, Credit Cards, Compliance
PCI Pal, – the global provider of cloud-based secure payment solutions – has upgraded Chill Insurance’s payment security solution to aid secure and compliant payment card transactions, regardless of whether contact centre agents are working onsite or remotely from home.
FICO Launches Powerful Next-Generation Originations Solution as Consumers Demand Digital Account Openings
- 4 years 7 months ago
- Data
With FICO® Originations Solution, Powered by FICO® Platform, financial institutions can eliminate barriers to customer acquisition as more consumers opt to open accounts digitally
Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas
- 4 years 7 months ago
- Lending
Debt levels among variable workers* have increased by ten percentage points throughout the pandemic, with the number of variable workers with debts of between £5,000 and £10,000 more than doubling from 2020 (10% to 23%). Of the 25-34 year olds that expect to increase borrowing in the next six months, 31% need additional funds to buy Christmas gifts for friends and family.
