Estate Agency Platform Reapit Joins DLT-Based Home-buying Consortium
- 5 years 11 months ago
- Blockchain
Reapit, the UK's largest estate agency platform, has joined the IPN Consortium, a gaggle of industry players developing a distributed ledger technology-based system that lets customers go through the entire home buying process through their mobile phones.
Open Banking Platform Tink Completes €90 Million Investment Round
- 5 years 11 months ago
- Banking
Tink today announces it has completed a €90 million investment round. This investment round follows Tink’s €56 million investment round in February 2019, which makes today’s funding Tink’s largest to date.
Wirecard and EasyTransfer make payment easy for international Chinese students
- 5 years 11 months ago
- Payments
Wirecard, the global innovation leader for digital financial technology, and EasyTransfer are collaborating to enable seamless mobile payments for digital-native Chinese students. Together the two companies are launching a new mobile payment and loyalty app designed for Chinese students studying outside of China. Approximately $3.8 billion in tuition payments were transferred via EasyTransfer in the first year alone.
SunTrust Bank Nigeria to Revamp its Partnership with ICSFS
- 5 years 11 months ago
- Islamic Finance
Lu International Partners with KASIKORNBANK to Launch FinVest for Retail Investors in Thailand
- 5 years 11 months ago
- Investment Management
Lu International (Singapore) Financial Asset Exchange Pte. Ltd.
NICE Actimize Adds Cryptocurrency Innovator CipherTrace to X-Sight Marketplace to Enhance Due Diligence and Reduce Risk
- 5 years 11 months ago
- Cryptocurrencies
With cryptocurrency-related compliance issues on the rise, and an increase in enforcement actions anticipated, the need for financial institutions to adopt solid AML programs addressing this market segment is expected to escalate this year.
Leading UK Wealth Manager selects Cashfac to orchestrate cash movements and real-time operational accounting.
- 5 years 11 months ago
- Cash management, Wealth Management
Cashfac is delighted to announce that one of the UK’s largest wealth manager and specialist SIPP provider - trusted by thousands of investors with billions of pounds in pension and investment savings - has selected Cashfac to help drive their business transformation.
ISOLAS’ leading Fintech practice ranked Band 1 in Chambers & Partners
- 5 years 11 months ago
- Blockchain, Consultancy
ISOLAS LLP’s distinguished Fintech practice has been included in the newly-published Fintech rankings, as part of the Chambers Global edition for 2020, with three of its lawyers ranked. Chambers described the firm as “a top-tier firm highly regarded for its expertise in advising on regulatory matters stemming from real-life blockchain implementations.
Brits in the dark over their personal finances as consumer debt hits £218bn
- 5 years 11 months ago
- P-Cards
One in five Brits are failing to keep track of their personal finances, with 40% of millennials admitting they have no clue how much they spend compared to what they earn each month. The news comes as Bank of England data from December 2019 showed households have £45billion more debt on credit cards, personal loans and overdrafts compared to the start of 2010 – a 25 percent growth in 10 years.
Global finance leaders Citi, Bpifrance, Deutsche Börse, Fidelity to join first ever London-based conference focused on the institutionalization of digital assets Feb. 10
- 5 years 11 months ago
- Blockchain, Trading Systems, Cryptocurrencies
BlockWorks Group (BWG) today announced that on Feb.
TemTum Launches World’s Fastest Payment Mobile Wallet on iOS and Android
- 5 years 11 months ago
- Blockchain, Payments, E-Wallets, Cryptocurrencies, FinTech StartUps
TemTum (temtum.com), the quantum-secure, ultra-
RegTech Leader AxiomSL Establishes Business Operations Centre in Limerick, Ireland
- 5 years 11 months ago
- RegTech, Risk Management
AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces the opening of a business operations centre in Limerick, Ireland, creating as many as 100 jobs over the next five years. The office will be located in the National Technology Park in Plassey.
Apple Buys Edge AI Experts Xnor.ai For a Reported $200 Million
- 5 years 11 months ago
- Artificial Intelligence
Apple has acquired Seattle-based edge AI experts Xnor.ai for a reported $200 million. If you recognise Xnor.ai, it’s likely because the company’s technology once powered the person-detection feature on Wyze’s popular cameras. Xnor.ai abruptly cancelled their contract with Wyze back in November – and now we know why. In layman’s terms, edge computing means the processing is done on-device. On-device computation has significant advantages when it...
Visa Is Buying Fintech Startup Plaid For $5.3 Billion
- 5 years 11 months ago
- Payments
Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year. The eight-year-old San Francisco company last raised funding a year ago at a $2.65 billion valuation. In 2019, Plaid doubled its number of customers to reach 2,600, and it expanded beyond the U.S. to the U.K., Spain, France and Ireland.
Revolut Raise Set to Value Business at $5 Billion
- 5 years 11 months ago
- Retail Banking
UK-based Revolut is on course to achieve a $5 billion valuation during an upcoming funding round, according to documents from lead investor Technology Crossover ventures (TCV) Financial News, which has viewed the prospectus, says the round is expected to close later this month. Silicon Valley TCV, an early investor in the likes of Spotify, Airbnb and Netflix, closed a $3 billion fund in January 2019 to back fast-growing new economy companies.
