Search Results for: digital financial services

May 8, 2023 @ 10:55 pm By Omar Faridi  |  

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: “We are pleased to… Read More

April 15, 2023 @ 11:29 am By Omar Faridi  |  

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: “We are delighted to welcome Phyllis and Ryno to Remitly’s… Read More

April 13, 2023 @ 10:20 pm By Omar Faridi  |  

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

February 20, 2023 @ 10:07 am By Omar Faridi  |  

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

February 17, 2023 @ 4:17 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the world’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

January 27, 2023 @ 1:27 pm By Omar Faridi  |  

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

January 22, 2023 @ 10:21 pm By Omar Faridi  |  

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 Maybank’s M2e platform as well as offering additional financial support via financing packages worth close to RM400 million to help… Read More

August 18, 2022 @ 7:19 pm By Omar Faridi  |  

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

June 27, 2022 @ 9:23 pm By Omar Faridi  |  

Spire, a GCC Open Banking services provider, has announced a partnership with Mastercard (NYSE: MA),  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 Mastercard’s Merchant… Read More

February 14, 2022 @ 2:51 pm By JD Alois  |  

illimity, a digital bank operating in Italy, released its financial results for the full year ending December 31, 2021. According to the company, it achieved its 2021 profit guidance, posting a net profit of €65.6 million for 2021, more than double the figure for 2020… Read More

February 8, 2022 @ 8:21 pm By Omar Faridi  |  

Newt Corporation, an integrated platform for digital financial services, announced that it has entered into a service agreement with Belvo Open Banking API Platform to service its lending-as-a-service (LaaS) offering across North America. Under the terms of the Agreement, Belvo offers Newt with a tech… Read More

October 28, 2021 @ 8:36 am By Omar Faridi  |  

Zolve, a neobank enabling international access to financial services, has announced the closing of $40 million in Series A funding. Zolve‘s investment round has been led by Partners of DST Global, who have previously led rounds in Fintech firms like Robinhood, Nubank, Chime, Revolut, and… Read More

October 13, 2021 @ 8:50 pm By Omar Faridi  |  

BlueVine, the provider of financial services for small businesses, has appointed Mira Srinivasan as its Chief Risk Officer. In this role, Mira will be expected to build on the solid foundation of BlueVine’s Risk team and enhance various policies, customer experience, and risk models as… Read More

August 24, 2021 @ 10:02 pm By Omar Faridi  |  

Open Banking Initiative Canada (OBIC), which is a non-profit advocacy organization bringing together professionals from finance, technology, and regulation, to promote Open Banking, has teamed up with the Open Banking Expo, an international community of Open Banking and Open Finance execs working on digital transformation… Read More

August 16, 2021 @ 8:37 am By Omar Faridi  |  

A team of experienced investors, technologists and Fintech professionals, Mode has been offering innovative financial services in the United Kingdom, Europe and across the globe since their inception back in 2018. Although we might be aware that Mode serves as a Bitcoin app, its vision… Read More

August 4, 2021 @ 9:35 pm By Omar Faridi  |  

WeLab Bank, a digital bank that’s licensed by the Hong Kong Monetary Authority (HKMA), is celebrating its first anniversary with solid results. Since it began offering services in July 2020, WeLab Bank claims that it has raised “public expectations” of banking services with the launch… Read More

June 23, 2021 @ 8:10 am By Omar Faridi  |  

Konfio has announced a $125 million Series E round with VEF investing an additional $20 million in the company’s operations. The team at VEF announced on Tuesday (June 22, 2021) a $20 million follow-on investment into Konfio, which is one of Mexico’s leading SME-focused Fintech… Read More

May 4, 2021 @ 8:09 am By Samantha Hurst  |  

JazzCash, a Pakistan-based digital financial services provider, has launched its mobile app specifically for businesses. The app notably aims to make digital payments more efficient and easy to use for bsuiness owners, company managers, and home businesses. It will also help “kickstart” the digital payment… Read More

April 24, 2021 @ 8:12 pm By Omar Faridi  |  

The United Kingdom has been touted as a world leader in Fintech, and it also has the “accolades” to back this position, according to a blog post by London-based Pollinate, a global software business that teams up with banks to assist them with deepening and… Read More

April 16, 2021 @ 12:37 am By Omar Faridi  |  

Ten of the United Kingdom’s leading Fintech companies are now working with Big Four auditing firm PwC in order to showcase how the future of banking will focus on both collaboration and innovation, along with greater personalization. After 3 years of ongoing development, the 10… Read More