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Fintech News

Open Payments raises 3 MEUR seed funding backed by Industrifonden

Fintech News Desk
by Fintech News Desk0
Sweden FinTech Open Payments has raised a 3 MEUR seed round. Leading the round is Industrifonden, existing investors Brightly Ventures, Luminar Ventures, and angel investors also participated. The capital will be used to continue to grow the team and establish the platform in the Nordic and European market. Read More: AssetMark......
The FinTech Sector Will Lead M&A Activity Out of the Doldrums, and This Is Why …   
Fintech Fintech Funding Guest Posts InsurTech Investment Services

The FinTech Sector Will Lead M&A Activity Out of the Doldrums, and This Is Why …   

Nicky Cotter
by Nicky Cotter0
Seven months into a global pandemic, the harsh lessons learned are creating a sweet spot for FinTech companies and start-ups and an expected uptick in deals involving US tech giants. And while lagging 2019 levels, we’ve seen US-based deal activity rise 3% in 2020. On the M&A side we saw big acquisitions with FIS acquiring Worldpay for $35Bn and Fiserv acquiring First......
Bluefin Announces $25 Million in Growth Financing Led by Macquarie Capital Principal Finance
Banking Blockchain Cryptocurrency Fintech News

FamaCash™ Announces Partnership with Stably

Fintech News Desk
by Fintech News Desk0
FamaCash, one of the fastest growing digital financial service (DFS) networks in the world, today announced that it has partnered with the blockchain technology experts at Stably Corporation to provide development support for Fama’s growing portfolio of financial service platforms. Read More: Lincoln Financial Group Elects Reginald E. Davis to Serve on......
Wipro Selected as Strategic Partner by Metro Bank to Drive IT Transformation
Business Fintech News

Wipro and Quaternion Partner to Launch Standard Initial Margin Model (SIMM) Solution

Fintech News Desk
by Fintech News Desk0
Wipro Limited, a leading global information technology, consulting and business process services company, today announced a partnership with industry-leading Standard Initial Margin Model (SIMM) vendor, Quaternion Risk Management. As part of the collaboration, Wipro will offer SIMM-in-a-box to financial institutions covered under Uncleared Margin Rules (UMR). Read More: Cardtronics takes over......
CVentures, Commercial International Bank's Venture Capital Arm Invests in MagicCube's Contactless SoftPos Platform and its Differentiating Software Defined Trust
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Visa Invests in MagicCube’s Contactless SoftPOS & PIN Platform and Its Differentiating Software Defined Trust (SDT)

Fintech News Desk
by Fintech News Desk0
MagicCube, the creator of the world’s only Software Trusted Execution Environment platform, today announced a strategic investment from Visa. Visa, which previously invested in the company, is renewing its support for MagicCube with this latest financing as the company continues to gain momentum in global partnerships and customers to bring......
Banking Fintech News

First Bank & Trust Company Ranked Among Top Lenders by U.S. Small Business Administration District Office

Fintech News Desk
by Fintech News Desk0
Small businesses throughout Virginia and Tennessee are receiving much needed assistance from the Small Business Administration, thanks to First Bank & Trust Company.  According to a recent announcement from the SBA, First Bank & Trust Company loaned $9.3 million in Fiscal Year (FY) 2019, a $2.6 million increase over the previous year. Read More: COVID-19 and Automation are......
Regulating Cryptocurrency – Global Lessons From South Africa
Cryptocurrency Fintech Guest Posts

Regulating Cryptocurrency – Global Lessons From South Africa

Angus Brown
by Angus Brown0
“Cryptocurrency is the perfect way to launder money”. This has been the view of many hackers, fraudsters and even regulators. The creation of a distributed network of servers allowing anonymous accounts and the instant transfer of value anywhere in the world was initially seen as an opportunity to launder illicit......
Business News

Carrick Capital Partners to Expand Investment in Factor, Become Majority Shareholder in Rapidly Growing Legal Innovator

Fintech News Desk
by Fintech News Desk0
The leader in next generation solutions for complex legal work at scale is now poised to accelerate its rapid growth, increase global market share Factor, the leader in next-generation solutions for complex legal work at scale, today announced a significant new investment to be provided by Carrick Capital Partners (Carrick),......
Mazars in South Africa Selects Verady's Ledgible for Crypto Asset Confirmations
Cryptocurrency Fintech News

Mazars in South Africa Selects Verady’s Ledgible for Crypto Asset Confirmations

Fintech News Desk
by Fintech News Desk0
Verady, the leading cryptocurrency tax and accounting software company, announced Mazars in South Africa international audit, tax and advisory firm has selected Ledgible to supply confirmation and reporting around its clients’ digital currency audits. Understanding how digital assets align with accounting, reporting and verification is key to the adoption of cryptocurrency worldwide. Ledgible is the bridge......
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