Investors Commit Staggering $735m into Singapore Fintech Deals

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Investors Commit Staggering $735m into Singapore Fintech Deals
The fintech industry is booming as shown by investors in Singapore who poured a record $735 million into financial-technology deals representing a 69% surge from the prior-year period that had $435 million.
Investors Commit Staggering $735m into Singapore Fintech Deals

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Source: CoinSpeaker

Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population

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Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population
The need for fintech solutions is very present in Southeast Asia as many are still without access to financial services. However, at the current rate of growth, there’s a good chance the region will outshine others, in the sector.
 
Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population

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Source: CoinSpeaker

Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio

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Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio
Broadridge Financial Solutions plans to offer post-trade services for cryptocurrency after acquiring fintech company Shadow Financial Systems. The company invested in blockchain projects, but the Shadow deal will be its foray into cryptocurrency.
Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio

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Source: CoinSpeaker

$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API

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$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API
A Fintech as a service Rapyd network, that allows consumers and businesses to transact however they opt for cross-border and local eCommerce transactions, raised a whopping $100M financing round spearheaded by Oak HC/FT together with Stripe.
$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API

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Source: CoinSpeaker

Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU

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Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU
A challenger bank based in the Netherlands has increased its coverage area to cater to the European Union. Bunq also offers extra services including an affordable Travel Card, on which there are no charges.
Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU

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Source: CoinSpeaker

Tencent Acquires Almost a Third of Computer Games Developer Funcom

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Tencent Acquires Almost a Third of Computer Games Developer Funcom
Tencent has agreed to acquire all the shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom.
Tencent Acquires Almost a Third of Computer Games Developer Funcom

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Source: CoinSpeaker

Ripple Makes Inroads into Europe by Making Yet Another Acquisition

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Ripple Makes Inroads into Europe by Making Yet Another Acquisition
Ripple Labs Inc has made a little-known but significant acquisition – Iceland-based of Algrim, which is a cryptocurrency trading firm with small but mighty talent pool.
Ripple Makes Inroads into Europe by Making Yet Another Acquisition

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Source: CoinSpeaker

Chinese Fintech Stock is Rising in Anticipation of PBoC’s Digital Currency

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Chinese Fintech Stock is Rising in Anticipation of PBoC’s Digital Currency
China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services.
Chinese Fintech Stock is Rising in Anticipation of PBoC’s Digital Currency

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Source: CoinSpeaker

Fidel Payment API Provider Has Raised $18M to Let Developers Build ‘Card-linked’ Apps

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Fidel Payment API Provider Has Raised $18M to Let Developers Build ‘Card-linked’ Apps
Fidel has received funding that it hopes to use in the expansion of its services to other countries. The startup which is in partnership with major card companies, such as Visa and MasterCard, offers developers easy access to the card networks.
Fidel Payment API Provider Has Raised $18M to Let Developers Build ‘Card-linked’ Apps

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Source: CoinSpeaker

Fintech Startups Will Eat a Massive $280 Billion Banking Revenues by 2025

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Fintech Startups Will Eat a Massive $280 Billion Banking Revenues by 2025
A newly released Accenture report shows the rapid transition of the global payments industry and how the new systems will make the traditional revenue models obsolete.
Fintech Startups Will Eat a Massive $280 Billion Banking Revenues by 2025

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Source: CoinSpeaker

Fintech Northmill Gets Banking License: Should Revolut, N26, and Others Be Worried?

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Fintech Northmill Gets Banking License: Should Revolut, N26, and Others Be Worried?
Northmill, a Swedish fintech company, has received an SFSA (Swedish Financial Supervisory Authority) approval to receive a banking license. Experts are speculating that other competitors in this field such as Revolut and N26 should be worried.
Fintech Northmill Gets Banking License: Should Revolut, N26, and Others Be Worried?

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Source: CoinSpeaker

AOFEX Strengthens AML System and Makes Efforts to Prevent Suspicious Capital Inflows

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AOFEX Strengthens AML System and Makes Efforts to Prevent Suspicious Capital Inflows
A UK-based cryptocurrency exchange AOFEX boasts a bank-level security risk control system and technology which fully guarantees fairness of transactions and provides users with quality service.
AOFEX Strengthens AML System and Makes Efforts to Prevent Suspicious Capital Inflows

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Source: CoinSpeaker

The World’s “First Ultra-Secure Crypto Smartphone” Unveiled In Singapore

Sirin Labs, a crypto firm founded in Israel has announced the release of its ultra-secure crypto smartphone. The company, with this development, is touted to be recognized as the manufacturer of the world’s first crypto-centric smartphone.
Sirin Labs Unveils Finney
The crypto smartphone named Finney was launched in Singapore through local electronics retailer courts. With Finney, Sirin Labs aims to solve two main pain points standing in the way of mass crypto adoption: user experience and security.
Finney Designed With A Military-Grade Security System
For enhanced security, Finney, which costs S$1,899 has been integrated with an onboard “cold-storage” crypto wallet that keeps users’ cryptocurrencies “physically insulated” from the Central Processing Unit and linked to the internal system of circuits for power via an electromechanical switch that has to be activated when users need to use their crypto. The company believes that the level of security provided is military-grade.
Other Special Features
Physically Activated Safe Screen: Sirin Labs also demonstrated that Finney has been designed with a safe screen which needs to be physically activated before transactions can be made. The inbuilt crypto wallet allows for convenient transactions, along with an exchange service which can be used without the need of a third-party exchange body.

Custom Operating System: Sirin Labs has built-in a custom operating system, Sirin OS, for the smartphone. This Operating System is certified by Google and it enables Sirin Labs to implement a cold storage crypto wallet, together with cybersecurity inclusions, Token Conversion Service (TCS) and center app store.
Encrypted Transactional data: The Finney has a combination of hardware and software which work together with the safety screen and crypto wallet technologies in order to isolate sensitive data, altogether ensuring that transactional data are kept safe and untampered. Also, the safe screen and crypto wallet can only be connected to the power system upon physically activating the safe screen.
Calls And Text Messages Encryption By Koolspan: Another incredible innovation coming with the Finney is the koolspan’s TrustCall mobile application which can also be installed on both android and iOS devices. While this feature doesn’t necessarily add any extra security to the crypto wallet, it does ensure that phone calls and text messages by making use of FIPS 140-2 validated, end-to-end 256-bit AES encryption.

Three-Factor Authentication 3-FA: The Finney comes with a three Factor Authentication of wallet security and cryptocurrency transfers. It includes a combination of behavioral, biometric and lock pattern.
With this new offering, Sirin Labs has become a pace-setter in the field of ultra-secure smartphone production after the ultra-secure US$16,000 Solarin smartphone that they launched back in 2017.
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Source: CoinGape

Jay Z and Will Smith-Backed Insurance Startup Ethos is Now Worth Nearly $500 Million

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Jay Z and Will Smith-Backed Insurance Startup Ethos is Now Worth Nearly $500 Million
Through a new Series C funding round, American life insurance startup Ethos has successfully pulled in an additional $60 million investment, driving the company’s valuation all the to the neighborhood of $500 million.
Jay Z and Will Smith-Backed Insurance Startup Ethos is Now Worth Nearly $500 Million

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Source: CoinSpeaker

U.S. Mobile Bank ‘MoneyLion’ Raises $100 Million, Nears ‘Unicorn’ Valuation

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U.S. Mobile Bank ‘MoneyLion’ Raises $100 Million, Nears ‘Unicorn’ Valuation
Recent news show that a rival U.S. mobile bank called “MoneyLion” has raised $100 million in a new funding round, putting them near a “unicorn” valuation. This is meant to accelerate the company growth in the U.S. markets.
U.S. Mobile Bank ‘MoneyLion’ Raises $100 Million, Nears ‘Unicorn’ Valuation

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Source: CoinSpeaker