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Financial development platform Hydrogen won the grand prize at the Luxembourg Fintech Awards last week. The awards, sponsored by KPMG Luxembourg and Luxembourg House of Financial Technology (LHoFT), were contested by nearly 200 applicants from 46 countries. As the Grand Prize winner, Hydrogen picked up €50,000 in prize money and will receive four months of hosting at Luxembourg’s Read more…
For its first round of funding, investment marketplace Newchip has closed on a $2 million Seed round this week. Participating in the round are JadeValue Fintech, Yeoman’s Capital, Spunik ATX, Youbi Capital, and Polymath. “We’re very excited about the funding partnerships we’ve accomplished and the value those investors bring to the company. We started Newchip with Read more…
Software development company Luxoft announced this week it acquired a Seattle-based innovation agency called Smashing Ideas. The Switzerland-based company acquired Smashing Ideas from book publisher Penguin Random House, which purchased the company in 2011, for an undisclosed amount. Today’s deal marks Luxoft’s 10th acquisition. Luxoft made the purchase to bolster its digital research, strategy, and design capabilities Read more…
On Finovate.com Luxoft Acquires Smashing Ideas. KeyBank Acquires Small Business Lending Platform Bolstr. NTT Data Appoints Bob Pryor as CEO. Around the web Threat detection specialist Zighra announces support for FIDO authentication. BBVA and energy company Repsol collaborate to develop blockchain-based financial products. Etsy partners with Klarna, bringing new payment options to its German website Read more…
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. Asia Flywire and UnionPay International partner to provide Chinese customers with better rates Read more…
AlphaPoint, a New York-based fintech that leverages distributed ledger technology to enable financial institutions to digitize, trade, and manage any asset, is celebrating its fifth anniversary with news that it has raised $15 million in new funding. The Series A round was led by Galaxy Digital Ventures, and brings the company’s total capital to $16.6 Read more…
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. Central and Eastern Europe Revolut announces recruitment initiative in Kraków, Poland to hire Read more…
Next generation payment solution provider PayStand is expanding into Canada. The Scotts Valley, California-based company announced that its digital payments platform will support domestic B2B commercial payments and help it earn a share of the Canadian payments volume that takes place over electronic funds transfer (EFT) – more than a third of which is B2B. Read more…
Alternative investment platform DarcMatter has teamed up with South Korean crypto investment fund and accelerator, #Hashed. The partnership will enable DarcMatter, which specializes in providing direct access to pre-vetted hedge funds, private equity, and venture capital funds, to extend its reach into the Asian market and gain insight into the crypto investment industry. And as Read more…
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. LATAM Integrated touch sensors at sign-in kiosk and video wall enhance experience for Read more…
Cross-border payments platform Caxton is piloting a new direct payments solution for clients of its multi-currency prepaid MasterCard. The new capabilities come courtesy of a partnership with open banking champion Token. The integration allows Caxton clients to use the Caxton mobile app to load their prepaid cards directly from their bank account. By leveraging Token’s open banking Read more…
On Finovate.com Gusto Launching its Own Yelp for Accountants. Fintonic Bolsters Platform’s Loan Options with BBVA Partnership. Token Facilitates Direct Payments for Caxton FX. Around the web Multiple-time Best of Show winner Ondot Systems launches its digital card services platform. Thomson Reuters and ICAP announce five-year extension of their partnership. TransferWise lands its first big European Read more…