May 20, 2024 @ 7:38 am By Tony Zerucha  |  

Findings from the newly released Q1 2024 Quarterly Credit Industry Insights Report from TransUnion reveal that the consumer credit market continues to show resiliency in the face of a challenging economic environment as consumers continue to turn to credit to help manage higher costs. Despite… Read More

May 19, 2024 @ 2:45 pm By Tony Zerucha  |  

AI lending technology provider Zest AI this week unveiled its new lending intelligence companion LuLu. LuLu is a customized generative AI tool that lending organizations can use to instantly capture strategic industry insights, decisioning and portfolio performance metrics, and quickly access their unique Zest AI… Read More

May 19, 2024 @ 1:59 pm By Tony Zerucha  |  

The current interest in generative artificial intelligence (AI) has caused some to conclude that we may see a new wave of AI-enabled fraud. However, the payments industry shouldn’t overestimate the abilities of large language models or underestimate the power of existing anti-fraud systems, says chargeback… Read More

May 19, 2024 @ 11:35 am By Tony Zerucha  |  

Pagos, a provider of payments optimization solutions, recently announced the launch of Pagos Copilot, an AI-powered tool for instant payment intelligence. “It’s easy for subpar performance to go unnoticed when you don’t have a wealth of payments industry knowledge because you don’t necessarily know what… Read More

May 19, 2024 @ 9:31 am By Tony Zerucha  |  

Biometric-based fraud is the number one threat financial services providers face today, warns Michael Marcotte, CEO at artius.ID, a digital ID and authentication firm. This intervention comes off the heels of the RSA cybersecurity conference, where academics, entrepreneurs and corporations discussed pressing security issues. Marcotte,… Read More

May 19, 2024 @ 8:37 am By Tony Zerucha  |  

Sift, the AI-powered anti-fraud platform securing digital trust for leading global businesses, recently announced the availability of trend data for two new fraud metrics in the Fraud Industry Benchmarking Resource. The Fraud Industry Benchmarking Resource is powered by Sift’s Global Data Network, which analyzes more… Read More

May 16, 2024 @ 6:00 pm By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, today expanded its partnership with Deel, a global HR and payroll platform that helps businesses scale their remote workforce capabilities. The expansion includes Indonesia, Malaysia, Thailand, and Vietnam in Asia, and Ghana, Jordan, Kenya, Morocco, Saudi… Read More

May 14, 2024 @ 10:17 am By Tony Zerucha  |  

Alkami, a cloud-based digital banking solutions provider for financial institutions in the U.S., announced the success of its first external TechFin Hackathon, held as part of the Alkami Co:lab 2024 programming. Combining Alkami bank and credit union clients, fintech partners, and system integrators, TechFin Hackathon… Read More

May 14, 2024 @ 10:00 am By Tony Zerucha  |  

MoneyLion company Malka, an adaptive content studio, has appointed ad industry veterans Chris Apostle and Bill Davaris as co-CEOs and Paige McCrensky as its first chief brand officer. As a subsidiary of MoneyLion, Malka has access to sophisticated data and technology infrastructure which, when combined… Read More

May 14, 2024 @ 9:18 am By Tony Zerucha  |  

Sift, an AI-powered fraud platform, this week released trend data for two new fraud metrics in the Fraud Industry Benchmarking Resource. The Fraud Industry Benchmarking Resource is powered by Sift’s Global Data Network, which analyzes more than one trillion events and identity signals per year…. Read More

May 13, 2024 @ 10:59 pm By Tony Zerucha  |  

This week, FutureMoney announced the launch of their tech-enabled micro-investing platform that helps everyday families create generational wealth and give their kids a head start on building a nest egg. Through compounding returns and an app, FutureMoney enables parents to establish an account for their… Read More

May 13, 2024 @ 12:01 pm By Tony Zerucha  |  

This week, the American Fintech Council, an industry association representing fintech companies that deliver critical access to safe and affordable financial services, issued a statement supporting the Joint Agency Third Party Risk Management Guide for Community Banks, a document that helps community banks navigate fintech… Read More

May 13, 2024 @ 9:16 am By Tony Zerucha  |  

BlueSnap, a global payment orchestration platform for B2B and B2C businesses, this week announced the appointment of Brian Greenfield as chief financial officer. Greenfield brings more than twenty years of experience in both financial and senior executive leadership roles with global venture-backed companies across multiple… Read More

May 13, 2024 @ 8:05 am By Tony Zerucha  |  

Mesh, a provider of real-time professional license verification trusted by leading marketplaces, today announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance. Co-founded by ex-Amazon executives Diego Asenjo (CEO) and Tony Bryan (CTO), and following a $5.7 million seed… Read More

May 6, 2024 @ 9:43 pm By Tony Zerucha  |  

nCino, a provider of cloud banking for the global financial services industry, announced this week that Libro Credit Union, one of the largest credit unions in the Canadian province of Ontario, has selected nCino’s Cloud Banking Platform. Libro serves more than 117,000 owners via 34… Read More

May 5, 2024 @ 6:53 pm By Tony Zerucha  |  

Our Crowd portfolio company BioCatch, a global provider of digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, this week announced that Permira Growth Opportunities II, a fund advised by global private equity firm Permira, has agreed to acquire a majority position… Read More

May 4, 2024 @ 11:57 am By Tony Zerucha  |  

Feedzai, a provider of anti-fraud and financial crime software, this week appointed David Larson as its new chief financial officer. Founded in 2011, Feedzai’s RiskOps platform protects approximately one billion people, analyzing more than $6 trillion in payments at 3,000 transactions per second to prevent… Read More

May 3, 2024 @ 6:59 pm By Tony Zerucha  |  

A report from the Small Business Payments Alliance (SBPA) finds that the majority of small businesses oppose new government payment network mandates. They believe the Durbin-Marshall bill, aka the Credit Card Competition Act, will disproportionately benefit the top five businesses in the United States by creating a… Read More

May 3, 2024 @ 6:33 pm By Tony Zerucha  |  

The 2023 LexisNexis True Cost of Fraud Study – Asia Pacific finds that fraud costs APAC-based businesses nearly quadruple the face value lost in fraudulent transactions. In Australia, 66% of companies reported an increase in fraud in the 12 months prior to the survey, while… Read More

May 3, 2024 @ 2:22 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing Fintech companies, including the largest earned wage access (EWA) providers, has joined with members in a letter to the South Carolina House Committee on Labor, Commerce and Industry endorsing legislation to regulate the burgeoning financial service… Read More