Omar Faridi

Financial Wellbeing Platform Dreams and Mastercard to Offer Sustainable Banking Products

Mastercard Credit Cards

Dreams, the financial wellbeing platform and “leader” in engagement banking solutions has  announced a partnership with Mastercard (NYSE: MA) in order “to focus on delivering a suite of sustainable banking products for financial institutions designed to empower individuals to change their behavior for the better… Read More

BaaS Fintech Unit Announces $100M Series C Led by Insight Partners, Valuing Business at $1.2B

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Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round “led by global software investor Insight Partners, with participation from existing investors including Accel, Better Tomorrow Ventures, and Flourish… Read More

Swiss Private Bank Chooses Temenos to Digitally Transform Wealth Management Services

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Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Mirabaud, the Swiss private bank, has selected Temenos “to move from a traditional on-premise system to a digital end-to-end wealth management platform on Temenos Banking Cloud.” With the generational transfer of wealth, new regulations and… Read More

Fintech Square Acquires GoParrot to Provide Advanced Capabilities for Restaurants

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  Square, part of Block (NYSE:SQ), recently announced that it acquired GoParrot, an “all-in-one” digital ordering and marketing platform for restaurants. GoParrot enables restaurants “to connect more easily and directly with customers through powerful omnichannel software.” As a long-time Square partner, GoParrot’s products already “integrate… Read More

Berlin’s Fraugster Launches Alternative Credit Decisions Solution to Support BNPLs, Enterprise Merchants

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Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

Splitit Introduces Installments-as-a-Service Platform, Announces OCM as First Merchant to Adopt the Tech

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Splitit recently unveiled a new way to drive installment payments via its merchant-branded Installments-as-a-Service platform. Instead of originating new loans, Splitit taps existing consumer credit on payment cards “to simplify the checkout experience embedded into the existing payment flow.” While merchants are experiencing increased sales… Read More

Glue42 Adds AllianceBernstein as Client, Enhancing Trader Productivity

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Glue42, the company that delivers integrated desktop experiences to financial institutions globally, has added research and global investment firm AllianceBernstein (AB) to its client roster “helping traders gain better insights more efficiently, improving traders’ experience, and optimizing their productivity.” As a global asset manager, AB… Read More

PopPay Platform in The Bahamas Expands to Government-backed Virtual Currency

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PopID and SunCash announced that for the “first time” in history, consumers can now use the PopPay face verification platform “to purchase goods and services with a central bank digital currency (CBDC) – digital money issued and backed by a government.” Bahamian consumers can now… Read More

London Stock Exchange Group (LSEG) to Acquire MayStreet

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London Stock Exchange Group (LSEG) recently announced that it has signed an agreement to acquire MayStreet, a market data solutions provider. Founded in 2012, MayStreet provides “high-quality” global low latency technology and market data to more than 65 industry participants, “including banks, asset managers and… Read More

UK Fintech Modulr Finalizes $108M Series C Led by General Atlantic

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Modulr, an embedded payments platform for digital businesses, recently announced that it has raised $108m (£83m) in Series C funding that was led by General Atlantic, a global growth equity firm. The investment round also “included significant participation from existing investors including Blenheim Chalcot, Frog… Read More

UK’s Thought Machine Secures $160M via Series D, Doubling Valuation to $2.7B

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Thought Machine, the Cloud native banking tech firm, recently announced it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, “with participation from Intesa Sanpaolo and Morgan Stanley.” Existing investors following-on in this investment round reportedly include:… Read More

Neon, Brazil’s Newest Unicorn, Drives Innovation to Address Financial Inequalities

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Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

Open Banking Fintech Volt Introduces Transformer to Help Merchants Bypass High Interchange Fees

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Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

Ophelos Teams Up with Consumer Lending Fintech Plend for “Ethical” Debt Resolution

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Ophelos, the technology firm building “fairer” debt resolution for businesses and their customers, announces it has partnered with Plend, an “ethical” consumer lender using Open Banking “to provide affordable loans to those struggling with access to credit.” Both pending B-corporations, Plend and Ophelos are closely… Read More

Insurtech: Pie Insurance Doubles Premium, Number of Clients, Business Partners

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Pie Insurance, a technology-enabled provider of workers’ compensation insurance to small businesses, released its latest figures, “highlighting the company’s strong and sustainable growth since its founding in 2017.” In the first quarter of 2022, Pie more than doubled its gross written premium “over the same… Read More

Napier Expands North America Operations to Address Demand for AI-powered FinCrime Solutions

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Napier, the provider of anti-financial crime compliance solutions, has announced the addition of two key hires to strengthen its North America team. Shana Leyva joins as Head of Marketing and Danielle Labarbera as Head of Sales. The new hires “represent Napier’s latest investment in the… Read More

Dedicated Fintech VC Upfin Secures €30M for Early-Stage Investments

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Upfin says it is here to support “exceptional” fintech founders with capital, deep industry expertise, and a network within financial services. Upfin is led by a team “with extensive experience founding, operating, and supporting fintech.” At first closing Upfin is “backed by a sovereign wealth… Read More

Fintech Ripple and FINCI Introduce Benefits of On-Demand Liquidity to Lithuania

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Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced a partnership with FINCI, the Lithuanian online international money transfer provider, “to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages… Read More

Paxos and State Street to Deliver Reduced Costs, T+0 Settlement in New Pilot

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Paxos, the regulated blockchain infrastructure platform, has teamed up with State Street (NYSE: STT). one of the “leading” providers of financial services to institutional investors, “to integrate State Street’s custodial services into the Paxos Settlement Service.” As part of the pilot, State Street was able “to… Read More

Fintech Dwolla Celebrates Nacha’s Announcement of Same Day ACH Transaction Limit Increase

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Dwolla, a Fintech powering innovation with sophisticated account-to-account payment solutions, “celebrates” Nacha‘s announcement of the Same Day ACH transaction limit increase “from $100,000 to $1 million.” Effective March 18, the $1 million limit was “applied to all Same Day ACH transactions.” Dwolla expects this update… Read More

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