Spanish banking giant Banco Santander has nabbed the majority stake in the UK-based fintech startup Ebury after acquiring 50.1 percent in the company at the price of £350 million.
According to a report from Tech Crunch, under the terms of...
Walmart, the world’s largest retailer, announced Tuesday, Oct 29, it has extended its existing relationship with financial services provider Green Dot to develop a FinTech accelerator under the name “Tailfin Labs.”
In a press release, the American multinational retailer giant...
The city of Johannesburg’s authority system was hacked last Sunday, Oct. 27, by a group that demanded a Bitcoin ransom worth $136,736 or R2,000,000.
The authorities are conducting an investigation and have shut down the city’s billing systems and website....
South Africa’s first-ever peer-to-peer insurance platform, Pineapple, has won the top prize at a recent fintech competition held in the United States last September and October, bagging a total prize of R22.5 million.
According to a report from Business Tech,...
This year’s Africa Fintech Festival will be conducted in Kampala, Uganda on November 5 and 6 as part of the 2019 Financial Inclusion Week. The event will be held at the Kampala Serene Hotel. SoftPower News reported that the...
Fintech startup PeerNova Inc. announced Tuesday, Oct 22, it has secured a $31M in its latest funding round led by an existing investor, Mosaik Partners, along with the participation of Medici Ventures and Intuitive Venture Partners.
In a press...
The U.S. Commodity Futures Trading Commission (CFTC) announced in the annual Fintech Forward Conference last Oct. 24, its decision to turn its research wing into an independent office.
LabCFTC will transform its research laboratory into an independent office. While there...
Fintech startups who are trying to turn into a bank need to slow down, as the New York Federal District requires a traditional route for granting fintech charters.
The Federal District has slammed the Office of the Comptroller of the...
Montreal- and Toronto-based Luge Capital recently raised $85 million for its fintech focused investment plans. With its funding, the company plans to provide seed funding for financial technology startup companies as well as artificial intelligence (AI) innovation.
The fundraising round...
Malaysia’s Securities Commission (SC) recently granted Luno the full approval to do business as a recognized market operator (digital asset exchange/DAX) in the country, reported The Sun Daily. This comes after the London-based company fulfills all requirements for crypto...
