July 13, 2024 @ 6:12 am By Tony Zerucha  |  

Online travel platform Expedia Group has finalized a multiyear agreement with Wells Fargo and Mastercard to launch two new co-branded credit cards. Designed to complement One Key, Expedia Group’s loyalty program, the One Key Card and One Key+ Card will offer more flexibility, savings, and… Read More

July 8, 2024 @ 10:36 am By Tony Zerucha  |  

Viola FinTech, an operator-led global Fintech venture fund, announced this past week that Scott Galit has joined its advisory board. Galit is the former CEO of Payoneer, an international payments platform that partners with freelancers, SMBs, marketplaces, and enterprises, especially in emerging markets. Previously, Galit… Read More

July 8, 2024 @ 9:31 am By Tony Zerucha  |  

Israeli startup SendBlocks, a blockchain data management company, announced this week that it is coming out of stealth mode with $8.2 million in seed funding. The SendBlocks platform is fully customizable, allowing blockchain enterprises, ecosystems, protocols, and applications to define pertinent data and leave it… Read More

July 8, 2024 @ 9:29 am By Tony Zerucha  |  

Balance, a Canadian digital asset custodian, incorporated Balance Trust Company this week as a special purpose trust under the Loan and Trust Corporations Act in Alberta. In connection with the issuance of the letters patent by Alberta’s Treasury Board and Finance (ATBF), Balance committed $10 million of regulatory… Read More

July 6, 2024 @ 7:51 pm By Tony Zerucha  |  

Alloy, an identity risk management platform for companies that offer financial products, announced this week that Kathryn Cook has joined the company as its new chief marketing officer. Cook joins the company following nine years at nCino, an Alloy partner and provider of cloud banking for the… Read More

July 6, 2024 @ 1:55 pm By Tony Zerucha  |  

Blockchain and AI-based real estate company Propy announced this week that millionaire entrepreneur and equity fund manager Grant Cardone has listed his mansion in Golden Beach, Fla., on its site. The asking price is $42 million, and cryptocurrency is accepted. The home is listed on… Read More

July 2, 2024 @ 5:43 am By Tony Zerucha  |  

Last week, mortgage Fintech Lower announced Craig Montgomery as its new chief strategy officer. Montgomery is charged with helping Lower achieve its goal of becoming a top-five national lender. A 27-year industry veteran, Montgomery took part in driving organizational growth from under $2 billion to over $50 billion in annual production… Read More

June 30, 2024 @ 7:23 pm By Tony Zerucha  |  

AI-powered risk decisioning software provider Provenir believes it has the solution to more sophisticated types of fraud. Identity theft and synthetic identities will account for roughly half of all financial services fraud cases by 2025. In a global survey of financial services executives, 43% said… Read More

June 30, 2024 @ 6:23 pm By Tony Zerucha  |  

TD and MPOWER Financing have collaborated to simplify the banking experience for international students pursuing higher education in Canada by offering a suite of financial resources needed to help students on their journey to Canada. As part of this collaboration, TD would be MPOWER’s preferred… Read More

June 30, 2024 @ 6:17 pm By Tony Zerucha  |  

This week, Trovata, a provider of corporate banking APIs, launched Multibank Connector, which includes what the company claims is the most extensive library of direct-to-bank APIs to power financial services worldwide. Much like data aggregation solutions contributed to the rise of fintech in consumer banking,… Read More

June 29, 2024 @ 7:01 pm By Tony Zerucha  |  

Pathward’s new report – Embedded Finance – Executive Perspectives shares how executives view a growing trend that’s set to grow almost fivefold to $248.4 billion by 2032. One key takeaway is there is opportunity for consultants to assist with strategy and implementation. Most senior executives,… Read More

June 29, 2024 @ 6:34 pm By Tony Zerucha  |  

Open Banking in a Box, a new program from Open Banking Excellence (OBE), helps regulators globally develop their open banking markets. It gives access to insights, expertise and practical advice from the UK’s experience in creating its open banking blueprint. This provides the building blocks… Read More

June 29, 2024 @ 6:26 pm By Tony Zerucha  |  

Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts with links to Binance and Microsoft, Tomarket is designed to address markets and user needs beyond those already provided for by… Read More

June 24, 2024 @ 8:00 am By Tony Zerucha  |  

Finastra has announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota, and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community. The move expands Bank Midwest’s collaboration with the financial… Read More

June 23, 2024 @ 8:44 pm By Tony Zerucha  |  

Findings from Veriff’s Fraud Index 2024 suggest that consumer acceptance of new security technologies is growing, with some groups still to be convinced. According to the FTC, fraud topped $10 billion in 2023, a 14% jump in one year. Almost half of consumers, 47.8%, experienced… Read More

June 22, 2024 @ 10:24 pm By Tony Zerucha  |  

This week, Borrowell, a Canadian company, launched a program allowing renters to report up to 24 months of past rent payments to Equifax Canada with no landlord involvement required. By providing renters the ability to report past rental payment history, Borrowell said Canadians can finally… Read More

June 22, 2024 @ 8:21 pm By Tony Zerucha  |  

Apiture, a provider of digital banking solutions, this week released key findings from a survey of more than 2,000 U.S. consumers conducted with market research and analytics company The Harris Poll. The study finds that although 80% of Gen Z and 75% of millennials have… Read More

June 22, 2024 @ 8:15 pm By Tony Zerucha  |  

Results of a new survey commissioned by Galileo, further illustrate the shifting nature of primacy in financial services. While most consumers, 85%, say they have positive experiences with their primary financial institution, they’re using as many tools or services with other financial providers as they… Read More

June 22, 2024 @ 7:17 pm By Tony Zerucha  |  

Coinbase Ventures is among the participants in a $1.75 million pre-seed funding round for Farworld Labs, a gaming and media consortium. The round was co-led by Lemniscap and Variant, with additional participation from Base Ecosystem Fund. The funding will enable Farworld Labs to expedite the… Read More

June 22, 2024 @ 6:58 pm By Tony Zerucha  |  

This week, Amount, a digital origination and decisioning SaaS platform powering account opening, loan origination, and financing, unveiled a partnership with Liberty Bank to modernize its technology infrastructure to originate personal loans from within the bank for the first time. Based in Middletown, Conn., Liberty… Read More