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 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
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
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
Financial activitiesāfrom paying bills to checking bank balances to sending money to friendsāhave 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: āFinancial… Read More
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 Universityās Department of… Read More
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
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: āWe are pleased to… Read More
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: āWe are delighted to welcome Phyllis and Ryno to Remitlyās… Read More
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
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
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
Nu Holdings Ltd. (NYSE: NU), one of the worldās 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
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
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
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 Maybankās 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 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
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
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 Mastercardās Merchant… Read More
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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