November 1, 2024 @ 4:45 pm By Tony Zerucha  |  

This week, LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data… Read More

November 1, 2024 @ 11:21 am By Tony Zerucha  |  

African Fintech Moniepoint has successfully raised $110 million in equity financing. The company was formerly known as TeamApt. The capital raised will accelerate Moniepoint’s growth across Africa, building an integrated platform for African businesses of all sizes. This platform will include services such as digital… Read More

November 1, 2024 @ 10:23 am By Tony Zerucha  |  

Melio, an accounts payable and receivable platform for small and medium businesses, this week announced it had raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions. Shopify Ventures and… Read More

November 1, 2024 @ 7:55 am By Tony Zerucha  |  

Marqeta (NASDAQ: MQ), a card issuing platform that enables embedded finance solutions, this week unveiled its Marqeta Flex solution. Marqeta Flex addresses the way BNPL loans can be delivered inside payment apps and wallets, surfacing them at the moment of need within an existing payment… Read More

October 28, 2024 @ 2:17 pm By Tony Zerucha  |  

Pinwheel, a Fintech developing account activation and engagement products, this week introduced Bill Navigator, a solution to help banks, credit unions, and fintechs save their customers money on unused subscriptions and manage their recurring bills from within their banking app. A recent consumer study conducted by CNET… Read More

October 28, 2024 @ 9:00 am By Tony Zerucha  |  

FV Bank, in partnership with Visa, has announced at Money 20/20 the launch of its new debit cards and corporate expense cards. Available to both U.S. and international customers and businesses, the debit and corporate expense cards can be used worldwide, providing individuals and companies… Read More

October 28, 2024 @ 8:04 am By Tony Zerucha  |  

The Retail Alliance Foundation has  announced its official launch as a non-profit coalition committed to reshaping the future of a transparent and equitable gift card and loyalty economy. In partnership with BFG Labs, the organization will launch and govern the Retail Alliance Network, which aims… Read More

October 28, 2024 @ 7:36 am By Tony Zerucha  |  

Proof, a provider of identity-secured transactions, has launched Verify, a live face-to-face experience that delivers high-level assurance with identity verification performed in the presence of an agent. It claims to reduce the risk of fraudulent activities such as deepfakes by ensuring that users are legitimate…. Read More

October 28, 2024 @ 6:21 am By Tony Zerucha  |  

The Common Crawl Foundation, a non-profit organization founded in 2007 and dedicated to providing a copy of the Internet to the public, and Constellation Network, a Web3 blockchain ecosystem notable for providing solutions to the US Department of Defense, this announced a strategic partnership aimed… Read More

October 28, 2024 @ 1:03 am By Tony Zerucha  |  

EtherMail founder and CEO Shant Kevonian said Stripe’s $1.1 billion acquisition of Bridge, a stablecoin API provider, is a pivotal moment in bridging the Web2/Web3 divide. Kevonian said the move is the latest step in the ongoing convergence of the crypto and fintech markets –… Read More

October 27, 2024 @ 7:51 pm By Tony Zerucha  |  

This week, FINRA released The Metaverse and the Implications for the Securities Industry. It is intended to raise awareness among FINRA member firms and the broader securities industry by providing an overview of how developments related to the metaverse may impact business models and processes…. Read More

October 27, 2024 @ 5:51 pm By Tony Zerucha  |  

A new report from J.D. Power analyzes if mortgage customers are prepared for AI-powered chatbots. The signs are encouraging. Artificial intelligence (AI) is here to stay. Three-fourths of business leaders say they are planning to escalate their AI investments as they see its potential to redefine… Read More

October 27, 2024 @ 4:50 pm By Tony Zerucha  |  

Security platform Socket recently confirmed a $40 million Series B round. It was led by Abstract Ventures, with participation from Elad Gil, Andreessen Horowitz (a16z), Bret Taylor (OpenAI), Phil Venables (Google), Scott Johnston (Docker), Christina Cacioppo (Vanta), Ann Mather (Pixar, Alphabet, Netflix, Airbnb), and Tobias… Read More

October 24, 2024 @ 9:34 am By Tony Zerucha  |  

The latest edition of LexisNexis Risk Solutions’ Taking the Pulse of Major Sanctions Lists suggests a heightened level of sanctions activity may be the new normal. The report analyzes activity from the United Nations (UN), European Union (EU), Office of Foreign Assets Control (OFAC), and… Read More

October 22, 2024 @ 8:05 am By Tony Zerucha  |  

As more companies gravitate toward card programs to drive customer attraction and retention, they are learning that success significantly depends on the quality of the customer experience. Today, Marqeta (NASDAQ:MQ) released a pair of tools designed to make creating front-end payment experiences a much easier… Read More

October 21, 2024 @ 9:39 am By Tony Zerucha  |  

People have long sought to declutter their homes. A more recent trend is doing the same with their online lives. Yorba helps them do that while offering benefits like money savings, improved online security, and a cleaner email inbox. Yorba has expanded into Canada. The company has linked… Read More

October 21, 2024 @ 9:14 am By Tony Zerucha  |  

Unity Wallet (formerly Savl) COO James Toledano believes DeFi has the potential to break Visa’s and Mastercard’s dominance of European payment rails, while also allowing Europe to at least partially free itself from depending on American payment rails. Savi is a self-custodial crypto and Web3 wallet… Read More

October 21, 2024 @ 8:54 am By Tony Zerucha  |  

AI accounting automation platform Numeric has raised a $28 million Series A round. It was led by Menlo Ventures, with participation from new investors IVP and Socii Capital, and existing investors Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others. This investment will accelerate engineering hiring and product development. In the past year,… Read More

October 20, 2024 @ 6:46 pm By Tony Zerucha  |  

Drop Protocol, a liquid staking protocol for interchain assets and an inaugural member of the Lido Alliance, is reporting that it successfully closed a $4 million seed funding round. The round was led by CoinFund, with additional backing from CMS Holdings, Anagram, Interop Ventures, and… Read More

October 19, 2024 @ 7:35 pm By Tony Zerucha  |  

Swift is planning to roll out new AI-enhanced fraud detection for the global payments industry. It will be available in January 2025. The new capability builds on Swift’s existing Payment Controls Service by drawing on pseudonymized data from the billions of transactions that flow over… Read More