Published

  • 08:00 am

Digital bank N26 announced the integration of popular local payment service iDEAL to its 100% digital banking experience in the Netherlands.

Available to the first N26 customers in the Netherlands from today, the new integration will be gradually rolled out in the market and will allow all Dutch N26 customers to make payments and transfers to friends easily through iDEAL without having to leave the N26 app. Additionally, the integration of iDEAL will allow customers to execute peer-to-peer payment requests through Tikkie - the most popular peer-to-peer payment service in the Netherlands.

With iDEAL, N26 will deliver an even more secure, seamless and complete online banking experience for its Dutch customers

Cashless payment adoption continues to climb in the Netherlands, with 91% of the population embracing digital payments and debit card usage. Used in around 70% of e-commerce transactions in the country, iDEAL is the most popular online digital payment service with over +1bn transactions per year. Having introduced the ability to top up N26 accounts directly with iDEAL in 2021, N26’s latest integration will allow customers the ability to unlock the full functionality of using iDEAL’s payment solutions directly within their N26 app.

With the integration of iDEAL, N26 customers will be able to buy and pay online with their N26 app without having to know the bank details of the beneficiary. Payment details will be filled automatically in the N26 app by scanning a QR code, or through payment links on e-commerce websites. Customers only need to review and confirm the payment within their app for the money to be transferred to the beneficiary’s account through a regular SEPA Credit Transfer. To be able to initiate this transfer, N26 leverages iDEAL’s relevant beneficiary details to proceed with regular compliance checks and execute the requested payment.

“We are very proud that from today, our Dutch customers will be able to use iDEAL with their N26 account. Simple, instant and secure, this localized solution specifically for the Dutch market will make paying online with N26 more seamless than it has ever been”, explains Jérémie Rosselli, General Manager N26, France & BeNeLux.

Daniel van Delft, CEO of Currence iDEAL, is pleased with the integration of N26 into this ecosystem: "The inherent innovative attributes of iDEAL align well with those of a neobank like N26. Both organizations are resolute in their commitment to consistently enhance the sector. We take pride in being able to cater to the needs of N26 customers, offering them the reliability that countless organizations already rely upon."

An important step to make N26 the primary bank account for Dutch customers

Bringing popular local payment solutions like iDEAL to the N26 experience is a crucial step to help accelerate N26’s growth in the Netherlands, as it gives customers one more reason to choose N26 as their primary bank account.

“We know that integrating localized solutions like iDEAL are important investments that help us build a more relevant and tailored product for N26’s customers in our key markets. We will continue to work to deliver an even more seamless banking experience for our 300,000 Dutch customers”, adds Jérémie Rosselli. 

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  • 01:00 am

Vantage (or “Vantage Markets”) is pleased to present its upgraded Copy Trading features on the Vantage App. With this upgrade, copy traders will be able to copy trades from signal providers at the click of a button or apply to become signal providers.

The copy trading user interface is now even more seamless, allowing traders to view both their copy trading and regular trading accounts on a single account management page. They are also able to view their profit-sharing summary within the same profile page, regardless of whether they are a copy trader, a signal provider, or both.

Earlier this year, Vantage received the Best-in-Class Social Copy Trading Award 2023 from ForexBrokers.com, in a nod to the team’s continued innovation and app development.

New Functional Tabs

The dedicated Copy Trading tab helps copy traders to discover new signal providers, highlighting them by their historical performance. The Community tab also enhances copy traders’ ability to search and filter for suitable signal providers by their risk appetite, preferred trading asset classes, performance data and other relevant filters. The addition of the new Academy tab provides quick access to essential educational materials like beginner-friendly copy trading articles, and a comprehensive glossary of important terms to begin their trading journey. 

Exploring individual signal providers becomes easier with the updated signal profile page clearly displaying signal providers’ experience levels, average risk band, past trade performance, number of copiers, and the volume of assets being copied.

Profit-Sharing Feature

The new upgrade also allows signal providers to be paid more frequently through a profit-sharing feature, where signal providers can set their profit-sharing ratio to a maximum of 50%. With this information displayed upfront, copiers can have the flexibility to select signal providers based on their preferred profit-sharing ratio.

Lian Jie, Assistant Director of App Marketing at Vantage, added: 

“It is with our utmost pleasure to unveil the upgraded Copy Trading function, with an exciting range of features to better suit the needs of our copiers and signal providers. Our improved copy trading functions have been so well received that one in five new clients now opt for a copy trading account just to experience this innovative way of trading.

Traders today are looking for intuitive user interface design, greater system stability, faster transaction speeds, and high-tech applications in their trading app that enhance their trading experience. These remain the key focuses for Vantage. With this in mind, every new app development is driven by the evolving needs of our clients, in line with our vision of creating an All-In-One trading app that combines speed and simplicity for our clients.”

 
 

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  • 03:00 am

Worldline, a global leader in payment services, announced that its Trusted Authentication solution is officially certified by FIDO Alliance, a worldwide organisation aimed at standardisation and bringing interoperability to the authentication world.

The certification is clear evidence of Worldline’s active online identification strategy in promoting strong authentication, interoperability, and the use of biometrics.

The FIDO Alliance is a global open industry association that aims to reduce the world’s over-reliance on passwords by creating authentication standards. FIDO certifications are a guarantee of quality and security.

Worldline’s FIDO-certified Trusted Authentication offering is a password-free web-based authentication solution that is suitable for all markets. The solution combines FIDO authenticators and Worldline’s back-end server to ensure strong customer authentication (SCA) for online banking use cases, 3DS payments, digital identity, and delegated authentication to retailers.

Important benefits for businesses and consumers

Using Worldline’s Trusted Authentication on FIDO provides numerous benefits for organisations that want to enhance their online security and improve the authentication experience for their customers:

  • Improved security: by using cryptographic keys instead of passwords, the FIDO-certified server provides an extra layer of protection against attacks such as phishing, account takeover, and other types of online fraud.
  • Interoperability: a seamless and consistent authentication experience across different devices and services is guaranteed thanks to interoperability among a wide range of FIDO-compliant devices and platforms, including smartphones, tablets and laptops.
  • User convenience: the authentication process is more convenient and user-friendly, as users are not required to remember complex passwords or carry physical authentication devices. Instead, they can authenticate using biometrics such as fingerprints, facial recognition, or by using a hardware token such as a USB key.
  • Cost savings: organisations can save money on password-related support costs, such as password resets and account lockouts. In addition, the risk of data breaches and additional costs such as regulatory fines, legal fees, and damage to reputation, is reduced.

Andrew Shikiar, executive director and CMO of the FIDO Alliance said: “By achieving FIDO certification, Worldline is showing its dedication to the vision of industry standards for strong authentication. They join a powerful FIDO ecosystem vital to widespread adoption of interoperable, strong authentication that simplifies the user experience while raising security and privacy at the same time.”

Tanguy Epale, Head of Digital Services at Worldline Financial Services said: “The FIDO solution helps to combat financial exclusion by offering an alternative to non-smartphone-based authentication. Moreover, the FIDO certification guarantees that our authentication solution is adaptable with other certified devices and services, providing a consistent user experience. It also ensures the solution’s commitment to rigorous security standards, helping to build user confidence in the protection of their personal data.

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  • 01:00 am

HashKey Exchange, the first licensed retail cryptocurrency exchange in Hong Kong, will officially launch on August 28th. As a regulated entity under the supervision of the Securities and Futures Commission of Hong Kong and in collaboration with top-tier banks, HashKey Exchange has pioneered automatic bank transfers for deposits and withdrawals, effectively addressing the industry pain point of frozen accounts and ensuring the security of user assets.

HSK Ecological Points
HashKey Group has introduced HashKey Ecological Points (HSK) to incentivize participants, including users and partners, within the HashKey ecosystem through various use cases. Users can utilize HSK obtained to access special features, enjoy discounted transaction fees, and exclusive benefits on the HashKey platform, among others.

HSK Mystery Box
•Customer Type: Individual customers (including retail customers and individual professional investors)
•All customers who successfully register during the event period will receive a mysterious blind box, which can be opened within 14 days after completing identity verification.
•Event Duration: From 14:00 on August 28th, 2023, to 14:00 on September 4th, 2023 (UTC+8), spanning 7 days.

Super Professional Customer Verification Rewards Event
•Customer Type: Individual professional clients / Corporate / Institutional professional clients
•During the event period, customers who complete verification will receive a generous package of 500 HSK.
•Event Duration: From August 18th, 2023, to September 30th, 2023.
•Contact for Details: VIP@Hashkey.com

Zero Trading Fees
•Customer Type: All customers
•At HashKey Exchange, spot trading incurs no fees. All customers can enjoy zero-rate transactions.
•Details: https://hashkey-pro.zendesk.com/hc/en-gb/articles/20863840032921-Zero-trading-fee-promotion-going-live
•Use item code to get an extra 20 HSK: iezc4, zijaz, ja3o0, 8bjx4, u0xny

API Trading Rewards Event
•Customer Type: All customers
•Trading Type: API trading
•Customers who achieve certain trading volumes and ranking requirements through API trading have a chance to win up to 300,000 HSK as the grand prize.
•Event Start Date: Starting from September 1st, 2023.
•Contact for Details: API@HashKey.com

Upcoming Events
Newcomer Starter Pack
•Customer Type: All customers
•All new customers can receive corresponding HSK rewards by completing beginner tasks. Completing identity verification awards 10 HSK, and an additional 15 HSK can be earned by completing the first transaction.
•Event Start Date: Starting from September 5th, 2023.

Trading Rewards Bonanza
•Customer Type: All customers
•Trading Type: Non-API trading
•During the event period, customers will receive 10 HSK for each trade reaching an equivalent of $10,000.

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  • 07:00 am

Coinstore, the world’s leading digital asset exchange announced today that its user base has crossed the 3.6 million milestone with daily transaction volume creating an all-time high value of $450 million. Coinstore’s dedicated local teams in the United Kingdom, India, the United Arab Emirates, South Korea, Indonesia, Vietnam, the Philippines, Malaysia, and other regions demonstrate its deep commitment to serving our users with expertise and understanding of their local markets.

The rapid developments in Singapore’s regulatory landscape for digital assets will provide a fertile platform to Coinstore to expand its services and user base across the globe. The latest regulatory guidelines for digital assets issued by Monetary Authority of Singapore (MAS) will create an environment of trust and transparency for all the stakeholders of the industry in the region.

Inspired by the exponential growth, Coinstore is hosting a mega success event in Singapore titled ‘Coinstore Brand Launch Conference 2023’ on September 12, 2023, at The Fullerton Hotel, which will witness active participation from global blockchain companies like Cardano, Dfinity, W3GG, Infinity Ventures Crypto, Emurgo Ventures. The mega event has received generous sponsorship from industry leaders including Animoca Brands, Unix Gaming, Nordek, and more.

Commenting on the development Jennifer Lu, Co-Founder at Coinstore, said “We started Coinstore in December 2020 when awareness around digital assets was limited but we are excited to reveal that Coinstore transformed into a global force with over 3.6 million users who share our vision for the industry. By 2025, our ultimate ambition is to cement our status as the primary entry point for digital assets, catering to millions of users worldwide, and becoming the premier global platform in emerging markets.”

“With over 200 international staff and 13 centres worldwide, we are committed to providing localized professional connections and services to our global user base” She added

Bringing together premium assets from around the world, Coinstore aims to establish itself as the leading premier global platform for exclusive premier listings. In the rapidly evolving landscape of cryptocurrency exchanges, Coinstore stands out by thoroughly analysing the business logic and positioning. With a strong emphasis on product and service experiences, Coinstore proudly presents its brand positioning and value proposition as "The Premier Global Platform for Exclusive Premier Listings."

Leveraging on the momentum of the world's largest blockchain event, Token2049, the upcoming Coinstore Brand Launch Conference 2023 in Singapore marks the official debut of the emerging digital asset exchange, Coinstore. During the event, Coinstore will globally unveil its fresh brand positioning, unveil key regional markets, introduce products and services, as well as outline the company’s future strategic plans.

Attendees at Token2049 are cordially invited to visit Coinstore's Token 2049 booth on the 4th floor (P124) and 5th floor (P19) on the main exhibition areas on 13-14 September 2023. Additionally, on September 13th at 7PM, Coinstore will be hosting the "Coinstore Gamefi night" at The Spot Singapore.

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  • 06:00 am

Investment Management firm Mangold Fondkommission has signed an agreement for use of Crosskey’s SaaS-based service for Wealth Management and Capital Markets, replacing incumbent solutions provided by other suppliers as well as numerous components developed in-house.

“We are honoured and excited to be selected as supplying partner for Mangold’s next-generation business support backbone. Crosskey’s service platform will allow Mangold to further automate and integrate several business processes, and to consolidate them onto one single platform. This facilitates improved cost efficiency as well as speedier business development, both short- and long-term. We are eagerly looking forward to continuing our journey together with Mangold” – says Eva Thelin, Business Area Manager at Crosskey Capital Markets.

”We at Mangold Fondkommission are very pleased to have chosen Crosskey's SaaS-based service for Wealth Management and Capital Markets as our integrated Investment Management Solution. We believe that this platform will enable us to automate and integrate our processes, resulting in improved cost efficiency and flexibility in our business development. We are excited to be working with Crosskey and look forward to a successful collaboration” – says David Jansson, COO at Mangold Fondkommission.

Mangold provides financial services to companies, institutions, and private individuals through its two business areas Investment Banking and Private Banking. Mangold is a trading member at Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen, BX Swiss, Spotlight Stock Market, and Nordic Growth Market as well as a Derivatives member at Nasdaq Stockholm. In addition, Mangold acts in both a Clearing Member and an Issuing Agent capacity at Euroclear Sweden. Mangold stock is listed at the Nasdaq Stockholm Main Market under ticker symbol MANG.

Crosskey combines big-league IT capabilities with flexibility, engagement, and a personal touch. We make it easier to create new revenue from financial services, getting you to market faster with the right offering. Our solutions are open for your maximal flexibility. Our expertise covers everything from traditional banking to eBanking, card & mobile payments, capital markets and OpenBanking. A subsidiary of Ålandsbanken, we have offices in Mariehamn, Stockholm, Helsinki, and Turku. 

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  • 04:00 am

Malwarebytes, a global leader in real-time cyber protection, announced the acquisition of Cyrus, a disruptive innovator in online privacy solutions. This strategic acquisition reinforces Malwarebytes' commitment to privacy by giving users more control over their information, no matter where or how they choose to browse and interact online. The Cyrus team and technology will also help Malwarebytes strengthen its mobile privacy solutions.

“We firmly believe that data privacy is a human right. Hackers, trackers, location data, and even browsing history are information that individuals should control,” said Marcin Kleczynski, co-founder and CEO of Malwarebytes. “The innovative technology Cyrus has built will allow us to better advise our customers on the intersection of privacy and security while also providing us the tools to safeguard their personal data and online privacy.”

"By leveraging Cyrus’ cutting-edge technology, we can provide an even more holistic, mobile-first, experience that provides context to when, why and how users may be at risk," said Mark Beare, the General Manager of Malwarebytes’ Consumer Business Unit. "The acquisition underscores our mission to provide world-class cybersecurity and privacy solutions and is a logical continuum for our portfolio expansion from Premium Security to Privacy VPN and Browser Guard."

The Cyrus technology looks at security and privacy in a new way, exploring the kill chain for consumer threats – considering social media, dark web content and overall online presence to form a correlated view of threats specific to each individual, helping flag early indicators that something is awry.

"In an era where the digital landscape is increasingly dangerous for consumers, joining forces with Malwarebytes is a pivotal step toward realizing our mission and vision,” said Oren Arar, CEO of Cyrus. “Through this powerful collaboration, we are uniquely positioned to protect millions of people across the world from cybercrime. Our combined strengths will empower individuals to navigate the digital realm with newfound confidence and security."

As part of the acquisition, all Cyrus employees joined Malwarebytes, ensuring a seamless transition for customers and continuous innovation in the areas of mobile and online privacy.

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  • 01:00 am

Celerway, a leading provider of business-grade mobile connectivity, has announced the appointment of technology stalwart Marianne Styrman as Chief Operating Officer. 

Styrman, who brings almost 30 years of technology experience as a founder of start-ups and leadership positions at large international technology corporations, will be responsible for Celerway’s operations and management strategy as it continues its growth and innovation across the international market. 

Reporting into Celerway co-Founder and CEO Audun Fosselie Hansen, Styrman’s appointment comes as the company looks to continue to develop its advanced connectivity platforms, allowing businesses to operate beyond the edge and capitalise on the transformative benefits of high-speed, low-latency 5G. 

Styrman was most recently the CEO of Last Mile Solutions, launching the company from a tech start-up to a high-performing business in the loT connectivity space. She was also the CEO of Movilisto and Moustik Holding AG, two telecommunications companies that pioneered SMS services. 

Styrman’s previous experience also includes Texas Instruments as Director of Marketing for Wireless Solutions and Director of loT Solutions at Webstep ASA. Marianne is also currently a Non-Executive Director for Camfil and Radiocrafts, supporting both as an advisor. 

Marianne Styrman, Chief Operating Officer at Celerway, commented: “This is an incredibly exciting time to be joining Celerway and I’m thrilled to help the company go from strength-to-strength. With a focus on the integration of hardware and software at scale, it feels like the perfect fit; to me, Celerway embodies the perfect blend of innovation and drive, allied with an impressive track record of connectivity excellence by offering unbeatable levels of security, latency, extensibility and reliability not seen in any other edge solutions. The connectivity industry is thriving and I'm looking forward to supporting the team as we continue to be important partners for enterprises internationally.”

Audun Fosselie Hansen, Co-founder and CEO of Celerway, said: “Having someone of Marianne’s technology pedigree in our leadership team is invaluable. She brings a wealth of international experience within the connectivity industry and will be a key driver for our growth and innovation strategy.” 

Celerway delivers disruptive, leading-edge, and secured mobile connectivity solutions with unmatched performance to workforces and organisations operating in the field. A standout from its portfolio includes an ultra-compact platform which brings true mobility with built-in high-computing capabilities for ultra-fast, secure access to an organisation’s resources. With all devices configured and managed through the cloud, Celerway simplifies procurement, deployment, management and maintenance for IT teams.

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  • 06:00 am

GLN International, a subsidiary of Hana Bank, (GLN) has recently announced the launch of cross-border remittance service; offering instant, secure, and inexpensive money transfers from abroad to all domestic bank accounts in Korea. The service is aimed to benefit Korean residents, international students, and other remittance customers residing overseas. In collaboration with Remitly, a U.S.-based remittance platform, GLN seamlessly disburses funds to the preferred domestic bank accounts of the recipients in Korea, by leveraging GLN's bank-level secure platform.

In August, the Korean financial regulator granted GLN the license to carry out its cross-border remittance service. Through the stability in its transaction processing system and enhanced security GLN is becoming the fastest growing, bank backed fintech company, and gaining recognition of trusted companies such as Remitly.

GLN International Inc. was established as a spin-off from Hana Bank in July 2021 to run its global payment and settlement network business. To build its global financial network business GLN  leverages KEB Hana Bank's global banking network, stringent Anti-Money Laundering (AML) system and compliance policies.

GLN International Inc.'s CEO, Kim Kyung-ho, expressed his enthusiasm for the expanded opportunities for both domestic and international customers to benefit from overseas remittance services through GLN's robust global payment network. He emphasized that overseas remittance is a pivotal aspect of GLN's global market expansion strategy, and with the upcoming initiation of domestic-to-overseas remittance services, they plan to collaborate with various partners to further expand the global remittance market.

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  • 07:00 am

Irys Insurtech, Inc., a pioneering insurtech startup, has closed a seed funding round of $3.5 million, marking its entrance into the market dominated by stagnant legacy agency management systems. The funding round was led by Markd, known for its keen interest in groundbreaking insurtech innovations. This investment heralds a new era where traditional insurance distribution processes are challenged and redefined.

Irys, established in 2021, is an open API software platform with a mission to break down the barriers erected by large legacy competitors. Their cutting-edge platform utilizes machine learning (ML) and generative artificial intelligence (AI) to aid insurance brokers by providing critical information exactly when it's needed.

"Parker Beauchamp, our lead investor, shares our vision of breaking free from outdated, restrictive insurance practices," says Margeaux Giles, CEO of Irys. "We've assembled a group of intelligent, motivated, and unorthodox insurance entrepreneurs. We're not just shaking the tree; we're uprooting it."

This seed round will fuel the scaling of the platform and implementation team, thereby providing the industry a much-needed escape route from the confines of traditional systems. Irys, with its revolutionary spirit and no-nonsense approach, is ready to demonstrate what the future of insurance distribution can and should look like.

Markd's Beauchamp asserts, "In my distribution experience, there was never a bigger drag on growth, profitability, innovation, and customer happiness than an agency management system. I have no issue with legacy claims of those to be the original insurtechs. They certainly act like it."

"In Margeaux and her team, we knew we had finally found someone who has been a successful insurance agency account and operations manager, and they created and will continually innovate an AMS other professionals like she all dream of having."

With this successful funding round which included follow-on investment from prominent insurtech firms Brokertech Ventures, Revtech Labs, Cofounders Capital and Mtech Capital, Irys is geared up to bring a refreshing, innovative approach to an industry in desperate need of change.

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