Revolut applies for US banking licence after bidding adieu to Canada

Challenger bank Revolut has applied for a full banking licence in the US, filing a draft application with the FDIC and California Department of Financial Protection and Innovation, which would allow the startup to expand its services across all 50 states.

Amex to acquire digital payments automation firm

American Express has revealed plans to acquire digital payment company ACOM Solutions.

Onepay launches integrated lifestyle and financial mobile app in Myanmar

Myanmar-based, Onepay has just been launched with the support of Asia Green Development Bank (AGD)

BitPesa buys TransferZero to ‘plant deeper roots’ in Europe

BitPesa, a blockchain payments platform for Africa and Europe, has purchased TransferZero, an international, online money transfer platform.

Capital One pays $22m in cybersecurity incident expenses as Elizabeth Warren uses breach to...

American lender Capital One has revealed its third quarter results and it seems like the highly reported security breach has taken a big chunk out of its profits.

Online ID platform Berbix closes seed round on $2.5m

Berbix, an online identity verification platform, has closed a $2.5m seed round to support further partnerships within the market.

Vela expands MiFID II solution suite with SI Data Hub launch

Vela, the premier market access technology provider, has expanded its MiFID II solution suite as the deadline for the regulation fast approaches.

Kin Insurance to leverage Cape Analytics software to improve insurance

Home insurance platform Kin Insurance will leverage Cape Analytics’ geospatial property intelligence to improve policies for consumers, as part of a new agreement.

New UK court ruling classifies bitcoin as a legal property

Cryptocurrencies are still reasonably new, meaning that every legal aspect of it is still not 100% clear. Yet, a new case might help shed some light.

Sapiens And Munich Re join forces to help insurers target the commercial insurance market

Munich Re has teamed up with Sapiens International to help primary insurers better target the commercial insurance market and aid post-Covid economic revival.

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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