The largest international bank in the UK, Barclays, has closed a long-running negotiation with investors in the round that had been postponed since November by investing in cryptocurrency custody startup Copper’s most recent round. This brings to an end a delay of more than nine months for Copper’s $500 million Series C investment round, for
Know Your Customer is an award-winning provider of digital onboarding solutions for financial institutions worldwide. We partner with regulated organizations across multiple sectors to radically simplify, improve and digitize the KYC and AML compliance process.
Aspire, Southeast Asia’s top all-in-one finance operating system has partnered with Know Your Customer, a renowned RegTech supplier, to safely enable access to its financial products for the region’s underserved SMEs and company owners. Over 140 million people are employed by the 70 million micro, small, and medium-sized firms (SMEs) in Southeast Asia, which make
Neon, a digital bank and FinTech firm whose mission is to better the lives of Brazilian workers, has disclosed that it has secured $80 million for its initial Credit Rights Investment Fund (FIDC) focusing on credit cards. With this investment, the overall equity fund rises to $170 million US, which is forecast to nearly treble.
SumUp, the financial partner for over 4 million small businesses worldwide, today announced the launch of SumUp Magic Pay, a QR code payment solution for the hospitality sector. After the epidemic, guest behavior in the hospitality industry changed. As the market gradually began to open again, it became clear that we had become accustomed to scanning
A leader in global Fintech, Broadridge Financial Solutions, Inc., has won the Systems in The City Award for Best Global Proxy Voting Service for 2022. The financial services consultant business Goodacre, a renowned top service and technology provider to the regulated financial community in the UK, is the organization hosting the awards. The award recognized
The banking sector was in a turnaround even before the downturn threw a shadow over the financial markets. Neobanks were altering the competitive landscape for regulated banks, and the pandemic pushed quick adoption by the “on-the-go” consumer who was expecting more from safe mobile banking applications. The core of banks’ IT departments, which were attempting
UnitPlus, Vodeno, and European digital bank Aion have joined forces to give savers the opportunity to now also become investors. The trio is making this possible by helping savers invest unused money and make prospective market returns to combat inflation, all while retaining instant access to cash. Holding onto funds in savings accounts loses value in
The Italian financial regulator has given cryptocurrency company Coinbase permission to operate as a provider of services for crypto assets. In response to the market’s explosive expansion, the Organismo Agenti e Mediatori established new standards for all businesses providing custody, trading, and other services for cryptocurrencies. “The company was proud to be among the first
A day in the crypto market is often the equivalent of a week in real life, due to its volatile, unpredictable nature. So what could a whole new year bring to the big table? Plenty of changes, we hope, as cryptocurrencies are now becoming mainstream. But their popularity doesn’t come without risks. The crypto market
Cover Whale, an insurtech focused on the commercial auto space, today announced reaching $100 million in insurance premiums in the first half of the year. This growth far outpaces competitors within its industry class. Leading a new vision for the insurtech industry, the company owes this milestone to its ongoing technological innovation, a distinct business
Finastra and HSBC announced that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure, regulated infrastructure. The first phase of the rollout will provide indicative and executable FX rates to regional
