Search Results for: digital financial

President Trump Signs Executive Order to Ensure US Leadership in Digital Financial Technology, including Digital Assets, Bans CBDCs

The Executive Orders keep coming out of the White House. Today, President Donald Trump signed several big ones – including an Executive Order that aims to ensure US leadership in digital financial technology or Fintech, including AI and digital assets. The Order establishes a Presidential… Read More

Milan’s Habacus Reports $5M Seed Round to Connect Education with Digital Financial Services

Milan based Habacus has reportedly finalized a $5 million seed funding round in order to offer students / learners an ecosystem of services, including various financial services and products. Habacus, the Milan-headquartered student service ecosystem, has raised the new funding in order to develop its… Read More

Tink Survey Links Digital Financial Management Tools With Better Financial Health

New research from data enrichment and payment services platform Tink suggests that consumers in the United Kingdom who use digital financial management tools are better off. They average an additional Ā£37.08 better off per month, or Ā£4451Ā better off per year, compared to pre-adoption. Today, as… Read More

UK Consumers May Be Almost Ā£24.5B Per Year Better Off By Using Digital Financial Management Tools – Report

Consumers across the UK who are using digital financial management tools report being on average “Ā£37.08 better off per month, or Ā£445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

Older Consumers Demonstrate More Digital Financial Literacy than Younger Generations – Survey

Financial activitiesā€“from paying bills to checking bank balances to sending money to friendsā€“have increasingly “moved online, making digital literacy critical to managing our finances,” according to an update from Capital One. Adam Davis, Vice President, Financial Health, Inclusion, and Liquidity at Capital One, said: ā€œFinancial… Read More

Regtech Uppsala Security Signs ā€˜K-Virtual Asset Threat Intelligence Industry-Academic Joint MOUā€™ with Hoseo Universityā€™s Department of Digital Financial Management

Uppsala Security, which claims to be a pioneer in providing top-tier security tools and services for Crypto Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF), Transaction Risk Management, Regulatory Compliance, and Transaction Tracking, is pleased to announce the signing of an industry-academia joint MOU with Hoseo Universityā€™s Department of… Read More

Digital Financial Advisor Platform Betterment Introduces “Tax-Smart” Transitions Features for Advisors

Betterment, the independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division, has launched an integrated suite of tools that will provide financial advisors “with granular control over how client assets are managed, transferred, and sold.” The new features will “give… Read More

Digital Financial Services: Remitly Global Reports Increase in Active Customers, Send Volume Rises

Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families in over 170 countries around the world, reported results for the first quarter ended March 31, 2023. Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly, said: ā€œWe are pleased to… Read More

Digital Financial Services Provider Remitly Appoints Members to Board of Directors

Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families, announced the appointments of Phyllis Campbell and Ryno Blignaut to its Board of Directors. Matt Oppenheimer, CEO of Remitly, said: ā€œWe are delighted to welcome Phyllis and Ryno to Remitlyā€™s… Read More

Financial Wellbeing: Accion, Mastercard to Connect Clients to Digital Financial Services

Building on four years of work together to enable digital transformation among small businesses, Accion and the Mastercard Center for Inclusive Growth announced a renewal of their partnership and a sustained commitment “to improve the financial health of micro and small enterprises (MSEs) in emerging… Read More

Banking Tech Provider Nymbus, Vantage West Credit Union to Launch Digital Financial Solution

NYMBUS, a provider of banking technology solutions, announced Vantage West Credit Union has chosen its Launch product “to deliver a niche financial brand that is primed to reach new Member segments and grow revenue that it can reinvest back into the communities they serve.” Arizona-based… Read More

Open Banking Could Serve Big Tech by Allowing them to Offer Tailored Digital Financial Services: Report

Juniper Research defines Open Banking as the practice of “sharing, and to an extent control, personal financial information between FIs (Financial Institutions) and TPPs (Third-party Providers), mostly in the form of Fintech developers, subject to customer consent via the use of APIs (Application Programming Interfaces).”… Read More

Digital Financial Services Firm Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2022 Financial Results

Nu Holdings Ltd. (NYSE: NU), one of the worldā€™s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

Mambu Will Ensure Pension Management Firm INDEXO with Digital Financial Service Tech

INDEXO, the pension management company that is now working on its new bank project, has selected its key banking technology platform ā€“ Mambu, a cloud-native banking platform already in use by banking institutions including Raiffeisen Bank, ABN AMRO’s New10, N26, Western Union and others. Mambu… Read More

Fintech Alviere Announces Coppel as Enterprise Client, Providing Access to Digital Financial Services

Alviere, the embedded finance platform provider, is pleased to announce that Grupo Coppel, Mexico’s largest non-food retailer, has chosen Alviere “to enable the launch of Coppel Access, a mobile wallet that will provide millions of unbanked and underbanked consumers in the U.S. with easy access… Read More

Malaysia: Maybank, Perodua to Enhance Dealersā€™ Digital Financial Services via Maybank2e Platform

Maybank and Perodua Sdn Bhd recently signed a Memorandum of Collaboration (MoC) on providing seamless end to end integrated digital financial services for Perodua via Maybankā€™s M2e platform as well as offering additional financial support via financing packages worth close to RM400 million to help… Read More

Digital Financial Advisor Selma Secures Additional CHF 7M via Series A Extension

Digital financial advisor Selma Finance has reportedly extended its Series A round with an additional CHF 7 million. This investment has been led by TX Ventures, the venture capital divisionĀ  of Swiss media firm TX Group, bringing its Series A fundraise to a total of… Read More

Digital Financial Services Provider Remitly to Acquire Rewire

Remitly Global, Inc., (NASDAQ: RELY), a global digital financial services provider for immigrants and their families, announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will “acquire Rewire… Read More

Open Banking Platform Spire Partners with Mastercard to Enhance Digital Financial Services

Spire, a GCC Open Banking services provider, has announced a partnership with Mastercard (NYSE: MA),Ā  a technology leader in the global payments sector. The collaboration will “help banks revolutionize consumer engagement and enhance user experiences in the region by integrating Spire ‘Ingage’ and Mastercardā€™s Merchant… Read More

Letter Calls Crypto “risky, flawed, and unproven digital financial instruments,” Tells Policymakers to Act Now to Protect from Severe Risk

A group of “technologists” has published an open letter addressed to Congressional leaders asking them to push back on the narrative that crypto and Web3 are good for financial services. The “26 computer scientists, software engineers, and technologists” state in the “Letter in Support of… Read More

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