June 8, 2022

https://ift.tt/OuIV8Jr This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Two years ago Walmart said it was aiming to reduce its carbon emissions to zero by 2040—and, as the world’s largest company—it’s working with an entire cohort […]

https://ift.tt/x2qjgmk Ethereum is entering its next phase. Some investors call it the Amazon cloud service of blockchain … [+] and crypto. (Photo by Yuriko Nakao/Getty Images) Getty Images At long last, this is the summer of Ethereum. So with the current downtrend in crypto, this might be a good time to buy some ETH, if

https://ift.tt/oluIhXi The UK’s financial regulators are to be given powers to test the resilience of big cloud providers like IBM, Google, Microsoft and Amazon and perform on-site inspections. The world’s regulatory bodies have beome increasingly concerned about the reliance of banks on a small number of Big Tech cloud providers. The Bank of England’s Financial

https://ift.tt/THsrpQ5 From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 6.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 3, 2022. This week’s results include an adjustment for the Memorial Day holiday. … The Refinance

https://ift.tt/hCp3vYS Cryptio has raised $10 million in Series A funding for its enterprise crypto back-office platform. Point Nine led the round, with participation from BlueYard, Alven, Coinshares, Avantgarde Finance, Protocol Labs and Draper Associates. Cryptio is an enterprise-grade crypto accounting and reporting platform that helps financial institutions, corporates and crypto-native businesses navigate the fragmented digital-asset

https://ift.tt/XaP1DJ3 We.trade, one of the earliest blochcain coalitions for trade finance is entering insolvency after its banking shareholders pulled the plug. The company was formed in 2017 as a consortium that eventually included a dozen major banks such as Deutsche Bank, HSBC, Santander, Societe Generale and UBS. Yesterday the Irish Independent reported that the company

https://ift.tt/xbVEv4i Maurya Murphy, Senior Product Director, Temenos, speaks at TCF 2022 in London about how corporate banking is driving real growth for banks, how the needs of corporate banks differ from retail banks, and what this means from a technology perspective. Sponsored | what does this mean? This content has been created by the Finextra

https://ift.tt/p3Krakg Source: Swivel SWIVELTransactions, a fintech innovator whose industry- leading transaction-enablement platform is used by more than 830 financial institutions, today announced Nicole M. Hill has joined the company as senior vice president . Ms. Hill has more than 20 years of experience managing risk and compliance for US and global financial services companies including

https://ift.tt/716CnVe Source: Tifin TIFIN, a fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, today announced the launch of their new Magnifi Mentor capability. Now, investors using Magnifi, TIFIN’s investment marketplace, can leverage Mentor’s powerful conversational AI to help monitor portfolio activity, answer investment questions, provide real-time market

https://ift.tt/OD6EUG2 Source: Temenos Temenos (SIX: TEMN) today announces that Optimus Cards, the white label card and banking-as-a-service provider, has subscribed to Temenos open platform for composable banking to support the expansion of its cards-as-a-service business. Temenos will help the U.K. headquartered EMI (Electronic-Money Institution) launch new products faster and scale efficiently as it expands into

https://ift.tt/LFD5cMn Source: NetGuardians NetGuardians, the award-winning Swiss FinTech renowned for its enterprise risk platform for combatting financial fraud, today announced that Basellandschaftliche Kantonalbank (BLKB) has selected its software as part of a program of enhanced fraud prevention. BLKB is Switzerland’s forward-looking bank. Looking ahead into the future epitomises the proactive attitude of BLKB stands for

https://ift.tt/ydfz7FD Source: Kushki Kushki, the payment technology company that connects LatAm through payments, today announced a $100 million extension of its Series B fundraising at a valuation north of a billion dollars. The latest round includes participation from new and existing investors including Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital among

https://ift.tt/yHjnmUk Source: F10 F10 Switzerland is excited to announce its partnership with Dorsum, a leading investment software provider in Central and Eastern Europe (CEE) . Dorsum is joining F10 as an Innovation Partner to tap into the thriving FinTech & InsurTech Innovation ecosystem in Switzerland, and beyond. Dorsum joins other world-class financial institutions, consulting and

https://ift.tt/kUiS3Ey Source: Wefox wefox, the Berlin-based digital insurance company, has appointed Hanna Jacobsson to the Board. Jacobsson will serve as a Non-Executive Director with immediate effect. Julian Teicke, ceo and founder of wefox said: “As we continue to double our revenues and maintain our focus on growth with a clear path towards profitability, we are

https://ift.tt/lRKugmF Source: FlexTrade FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, announced that APG Asset Management (APG) has selected FlexTrade’s execution management platform, FlexTRADER EMS, to consolidate and streamline its multi-asset execution management capabilities. APG, headquartered in the Netherlands with approximately EUR586bn of assets under management (April 22), identified the

https://ift.tt/n2I40Fa Source: Nucoro Leading wealthtech platform provider Nucoro, has announced that its client HeyTrade , a Spanish-based fintech, has launched a new global investment platform that simplifies investment in stocks and ETFs across 12 European and US markets. New entrant, HeyTrade, leveraged the Nucoro platform to create a fully realised platform in just under a

https://ift.tt/HzU6xkr Source: Franc Award winning local investment app Franc has announced its B2B offering Franc Business. The announcement follows Franc’s recent seed extension raise of R8-million, which included investment from pan-Africa focused venture capital firm 4DX Ventures. The capital injection will in part fund their B2B initiative aimed at businesses who want to entrench customer

https://ift.tt/HITUYdN Source: Work in Fintech Work in Fintech (WIF), the social project aiming to increase diversity in fintech and web3, today announces the launch of NFTs for Good, the world’s first NFT collection aimed at companies, where proceeds will be trackable on-chain and used to fund free learning, mentoring, work experience and career opportunities for

https://ift.tt/zNy1JDU Source: PayU Today, PayU, the leading online payment service provider operating in 50 emerging markets, announces that it is strengthening its foothold in Africa with expansion into Ghana and a number of strategic product updates: Payflex in South Africa, as well as both Scan to Pay and Pay by USSD in Nigeria. Across Africa,

https://ift.tt/n6W3wvU Source: Mobiquity Today Mobiquity, part of Hexaware, a full-service digital transformation enabler, launches a global digital Islamic banking MVP (minimum viable product) for the Muslim community. The Shariah-compliant demo – front-end solution- enables financial institutions to enhance their offerings and deliver personalised, ethical digital Islamic banking to their customers. Focussing on a Murabaha car

https://ift.tt/8NPyhXR Source: Mambu Spanish neobank Plazo has closed a strategic partnership with Mambu, the world’s leading cloud banking technology platform. This alliance allows Plazo to accelerate the development of cutting-edge lending solutions, with access to over 30,000 new product combinations and fuel its expansion to further consolidate as the go-to financial wellness app covering people’s

https://ift.tt/R2vtLNi Source: PXP Financial PXP Financial (‘PXP’), the expert in payment services, data analysis and fraud, today announces that it is partnering with Discover Global Network, the payment brand of Discover and the world’s fastest-growing global payment card network. The partnership will allow merchants which use PXP’s point of sale or eCommerce solution to accept

https://ift.tt/zbTrjXe Source: Capital C Corporation Capital C Corporation, a Singapore-based financial services provider, bags SGD$74 Million in their recent fundraising exercise with PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, various family offices and Ultra-High-Networth-Individuals. The fresh injection of funds will serve to fuel their lending capabilities and expand their digital financial platform offerings to provide

https://ift.tt/GcjaFQW Source: Railsr Railsr, the leading global embedded finance experiences platform, has launched a new Rewards-as-a-Service (RaaS) product that enables brands to build their own branded rewards programmes. By integrating rewards into its existing card, banking and wallet products, Railsr offers a one-stop-shop solution to brands wanting to increase customer loyalty and engagement through embedded

https://ift.tt/4N5aBrb Ebury, the Banco Santander-backed provider of corporate banking services to SMEs that trade internationally, has bought a stake in LoopingOne, a KYC and payments startup for marketplaces and platforms. The €800,000 seed investment aims to further develop the LoopingOne product and start the Electronic Money Instiitution (EMI) application process at the Dutch Central Bank

https://ift.tt/I7gitmZ All-in-one card and financial app Curve has tapped TrueLayer to deliver automated variable recurring payments for customers. The Competition and Markets Authority (CMA) has mandated the UK’s nine largest banks to provide variable recurring payments (VRPs) that support the automatic transfer of money between two accounts belonging to the same person, referred to as

https://ift.tt/rjyPpK4 Digital bank Zopa is the latest to jump on the buy now, pay later bandwagon, promising “responsible and sustainable BNPL lending to the UK market”. Setting its sights on the UK’s £6 billion BNPL market, Zopa is targeting bigger outlays in the £250-£30,000 region for its new offering. Tim Waterman, chief commercial officer at

https://ift.tt/UR97KO0 Source: ExtraHop ExtraHop, the leader in cloud-native network detection and response, today announced that Brewin Dolphin, one of Britain’s largest investment management and financial planning firms, has selected ExtraHop Reveal(x) 360 to help defend against advanced threats through complete visibility, real-time detection, and investigation across their technology environment. As part of a major network

https://ift.tt/ntvNw5C The Co-founder and President of Stripe, John Collison, took to the stage at Money 20/20 Europe to talk experiences, crypto and valuations. First Collison reaffirmed the mission of Stripe as removing the barriers blocking Internet businesses worldwide. While that mission started with making payments easier back in 2011, Stripe now has its sights set

https://ift.tt/CBNpjQR “Innovation is happening in the value add”, stated Charlotte Hogg, CEO of Europe Visa, during the opening session of Money 20/20 alongside Daniel Kjellén CEO and co-founder Tink and Karen Tso anchor CNBC. During the session Kjellén announced two new partnerships with Revolut and Dutch payments provider Adyen. On the topic of open banking,

https://ift.tt/u0ev9V4 A 10×10 Collage of 100 unique faces, including people from a wide range of ethnicities, ages, and … [+] backgrounds, they are all from different walks of life. getty This article—the fourth in a series on diversity, equity, and inclusion in investing—examines how investment committees and boards of leading institutional investors are overseeing incorporating

https://ift.tt/u0ev9V4 A 10×10 Collage of 100 unique faces, including people from a wide range of ethnicities, ages, and … [+] backgrounds, they are all from different walks of life. getty This article—the fourth in a series on diversity, equity, and inclusion in investing—examines how investment committees and boards of leading institutional investors are overseeing incorporating

https://ift.tt/c03D971 Family offices boost exposure to unlisted shares despite policy tightening and concerns over valuations Financial Services

https://ift.tt/c03D971 Family offices boost exposure to unlisted shares despite policy tightening and concerns over valuations Financial Services

https://ift.tt/mcQgO1e Geely Auto is controlled by China billionaire Li Shufu. (Photo by Zhang Peng/LightRocket via Getty … [+] Images) LightRocket via Getty Images Geely Automobile Holdings, a China automaker controlled by billionaire Li Shufu, said it sales declined by 7% in May from a year earlier as Covid lockdowns disrupted the world’s largest auto market.

https://ift.tt/UA9z8Gv Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. On COVID (focus on hospitalizations and deaths): COVID Metrics   Now WeekAgo Goal Percent fully Vaccinated 66.7% — ≥70.0%1 Fully Vaccinated (millions) 221.6 — ≥2321 New Cases per Day3🚩 108,891 97,584 ≤5,0002 Hospitalized3🚩 22,764