News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Fundraising News of Thursday 3 July
Yaspa, a London-based fintech startup, has raised €10.1 million to expand its payment and identity services for the regulated gambling industry, with backing from Discerning Capital, Metavallon, and TechStars Ventures. Meanwhile, Atome, a leading buy now, pay later provider in Southeast Asia, secured $75 million in asset-backed financing from Lending Ark to enhance its credit…
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MAS Proposes New Measures for Complex Finance Products
The Monetary Authority of Singapore (MAS) recently announced plans for new measures. These aim to enhance investor disclosures and simplify regulatory requirements for complex financial products. Published on July 1, the consultation paper aims to find a balance between self-directed investing and consumer protection. These proposed rules form part of a larger initiative to increase…
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UAE’s Dubai Summer Surprises Set to Boost Digital Spending
The United Arab Emirates (UAE) is gearing up for another Dubai Summer Surprises (DSS) season. Fresh data from Checkout.com suggests an upcoming boost in digital spending, building on last year’s significant increase. Renowned as a major shopping event in the Middle East, the DSS season typically triggers a spike in daily digital transactions. This trend…
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Stripe Unveils New Products to Boost German Business Growth
Stripe, a top fintech player, recently launched a range of new products. These aim to boost not only Stripe’s growth but also that of German businesses. Stripe made this announcement at Stripe Tour Berlin, a unique gathering of German business professionals. Stripe Tour Berlin served as the perfect stage for Stripe to display its latest…
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SEC CorpFin Shares Views on Crypto ETFs
The Securities and Exchange Commission’s Division of Corporate Finance (CorpFin) recently expressed its views on crypto asset-based exchange-traded products (ETPs), also known as Crypto ETFs. These products provide a regulated platform for retail investors to tap into the digital asset sector. Initially, Bitcoin ETFs were the only exchange-traded products available. However, the range has expanded…
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JD Power Finds US Bank Customers’ Financial Health Dips
Recent JD Power research indicates a worrying decline in US retail bank customers’ overall financial health. This downturn, notably occurring in May, followed two months of improvement. The study suggests that an unpredictable economy and high goods prices are the main culprits. The report shows a disappointing change in May, despite the year’s optimistic start.…
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Aliaswire Launches DirectEmbed for Vertical SaaS Providers
Aliaswire, a leading fintech company, recently launched its latest product, DirectEmbed. This new product is a comprehensive and fully integrated receivables and payment processing solution. Specifically, it caters to the needs of Vertical SaaS providers. This development signifies a significant advancement in the fintech sector, with Aliaswire persistently innovating to solve complex financial challenges. DirectEmbed…
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DigitalBridge and La Caisse Acquire Yondr Group
DigitalBridge Group Inc and La Caisse, Canada’s leading institutional fund manager, now own Yondr Group. Previously, Cathexis Holdings had ownership of this global hyperscale data centre developer and operator. This move marks a significant milestone in the digital infrastructure sector. Both companies announced this strategic acquisition, enhancing their digital infrastructure portfolio. Moreover, it increases their…
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UK Business Confidence Holds Steady, Lloyds Bank Reports
The latest economic update reveals a steady business confidence in the United Kingdom, as reported by Lloyds Bank. Despite prevalent economic uncertainties, UK businesses display resilience and optimism. This is evident in the recent Lloyds Business Barometer report. The Lloyds Business Barometer, a respected measure of business confidence, showed a slight rise in June. The…
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Schroders Capital Bolsters Investment Process with AI
Schroders Capital, Schroders’ private markets division, recently unveiled an innovative virtual ‘investment committee agent’. This new addition to its Artificial Intelligence (AI) tools aims to enhance its $99.3 billion division’s investment decision-making process. This virtual agent, the latest AI tool by Schroders Capital, is an in-house development. It’s part of the firm’s continuous commitment to…
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French Startup Bonx Nets $8.6M Seed Round for Operational Software
In a significant development, Bonx, a French startup, is revolutionizing the European industry with its operational software. They recently secured an $8.6 million seed round, led by 9900 Capital. Other contributors include Kima Ventures, Purple, OSS Ventures, and Dynamo Ventures. This funding marks a critical milestone for the startup, founded only in 2022. The funding…
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Brazil Central Bank Unveils Key Fintech and Digital Currency Policies
The Banco Central do Brasil (BCB), Brazil’s central bank, has introduced crucial policy updates. These changes highlight the BCB’s dedication to fostering financial stability, transparency, and innovation in the national financial system. They include new rules for credit fintechs and the introduction of digital currencies. Indeed, these enhancements by the BCB represent a significant milestone,…
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Tax Scams Surge by 62% in 2021, Kaplan Group Reports
The Kaplan Group’s latest report unveils a disturbing increase in tax scams. Their studies show a sharp 62% rise this year, based on 1,384 reports to the Better Business Bureau (BBB). They attribute this surge to post-pandemic economic pressures and the escalating digitisation of financial services. Post-pandemic, many businesses and individuals grappling with financial difficulties…
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90% of Firms Unprepared for AI-Driven Cyber Threats
In an era where artificial intelligence (AI) is significantly transforming the business landscape, a staggering 90% of organisations are not sufficiently equipped to secure their AI-driven future, reveals a recent report from Accenture (NYSE: ACN). This alarming lack of preparedness could potentially expose these organisations to AI-augmented cyber threats. The comprehensive report highlights that globally,…
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US Fintech Bill Could Impact British Businesses
The United States Senate recently passed The One Big Beautiful Bill (HR 1), the primary tax and spending legislation of the Trump Administration. The vote was a close shave at 51 to 50, with Vice President, JD Vance, casting the decisive vote. This move has stirred the fintech world, potentially affecting businesses across the Atlantic.…
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Fundraising News of Tuesday 01 July
Ferovinum, a UK-based fintech startup, has secured €468 million through an asset-backed securitisation programme, with backing from key investors like Pollen Street Capital and investment banks. This significant funding will enable Ferovinum to expand its global reach in providing tailored financial solutions to the drinks industry, enhancing its technology platform and market presence. The investment…
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Maybank Unveils Initiatives to Boost Sustainable Future
Maybank, a prominent financial institution in Southeast Asia, recently unveiled several initiatives. They highlight its dedication to a sustainable, inclusive future. These actions are part of Maybank’s continuous work to promote sustainability and create a positive social impact. They do this through innovative financial solutions and strategic partnerships. These new initiatives strengthen Maybank’s reputation as…
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LendInvest Bolsters Leadership Team for UK Market Push
LendInvest, a top UK property finance platform, recently announced new leadership appointments. This step aims to reinforce its status as a prominent alternative finance provider and accelerate its strategic goals. LendInvest’s tech-driven lending platform has earned significant market recognition. Known for its efficient services and streamlined processes, the platform is unique. The latest appointments highlight…
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Lithuania Paves the Way for Investors with New Initiative
Recently, the Lithuanian Parliament, or Seimas, launched an exciting project, the “Investment Highway”. The aim is to transform Lithuania into a leading investor-friendly nation in the region. The Ministry of Economy and Innovation (EIMIN) is spearheading this strategy, which is already yielding results, as inbound investments experience remarkable growth. In the framework of the Investment…
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Forge Global Unveils Next-Gen Private Market Platform
Forge Global (NYSE: FRGE) has recently launched its next-generation marketplace, marking a significant milestone for the private market. This new platform is the first major release on Forge’s API-first platform. The new state-of-the-art marketplace from Forge uses advanced technologies for secure and efficient trading of private securities. This innovation reflects Forge’s ongoing commitment to revolutionising…