Reporting, interviews and analysis on AI, fintech, startups, venture and the operators building what comes next.
10 articles shown
In the rapidly evolving financial services industry, compliance remains a hot topic for institutions worldwide. Recent studies conducted by LexisNexis in partnership with Forrester Consulting unveil a massive increase in financial crime compliance expenditures. Financial institutions in EMEA, the U.S. and Canada are incurring costs upwards of $85 bln and $61 bln, respectively. This substantial…
by Chris M Skinner There’s a huge furore in Britain about debanking: the process where a bank says we cannot trust you anymore so get lost. It happened to Nigel Farage, a high profile figure, and now it’s happened to me. What happened? My bank basically decided that my regular withdrawals from a crypto exchange looked…
Pomelo, the first consumer fintech to enable international money movement with consumer credit, announced a Series A of $35 million in venture capital and a $75m expansion of its warehouse facility from Vy Capital, Founders Fund, and A* Capital. This brings total funds raised to date to $55m in equity capital and $125m for its warehouse facility. This round of funding follows Pomelo’s inclusion…
Ramp, the company revolutionizing financial management with its ‘better corporate card’, today announced a significant capital infusion in its Series D-2 funding round. Founded just five years ago, Ramp’s steadfast mission has been to empower businesses to spend less and save more, a commitment that remains at the heart of their operations. Ramp has evolved…
The world’s largest stablecoin, USDt, is now live on The Open Network (TON), the first blockchain Integrated with Telegram. This launch introduces a groundbreaking Web3 experience for Telegram’s 900 million monthly users, enabling global peer-to-peer payments directly through the app. At the TON Foundation, we view this development as a major leap forward in making…
Hokodo, Europe’s leading provider of digital payment terms solutions, has today unveiled a new €100 million debt facility from Viola Credit, a global credit investment manager dedicated to fostering the growth of the innovation economy. With this fresh injection of financing, Hokodo is poised to facilitate over €1.5 billion of B2B transactions in the next…
Pactio, a digital infrastructure platform serving the private markets, has announced a successful $14 million (£11 million) Series A funding round, led by EQT Ventures. The round attracted significant participation from prominent figures in the private equity sector and technology angels, including Matt Henderson, former CEO of Stripe Europe, and Tom Greenwood, founder of Volt….
by Chris M Skinner Talking of sharing data, Salt Edge just sent me some interesting stats about Open Banking and Open Finance (there is a difference). They start by quoting that inconsistently reliable source Statista, who claim that the number of open banking users worldwide was expected to grow by an average of 50% per year between…
by Chris M Skinner After yesterday’s discussion of being careful with customer data, AI may be the solution. In previous examples of data sharing, such as those mentioned with Barclays and ING ten years ago, it was too much of a blunt instrument. The intelligence was lacking. But I can see banks moving stealthily into…
Nubank Ultravioleta, the exclusive experience for high-income Nubank customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, Wise’s market-leading global infrastructure solution for banks and large companies. Starting today, Ultravioleta customers can sign up in advance for first-hand access to the service, which will…
03 / The briefing
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