May 3, 2024 @ 12:44 pm By Tony Zerucha  |  

DailyPay, a leading provider of earned wage access, this week announced that Brett Pitts has joined its board of directors. Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove… Read More

May 1, 2024 @ 10:00 am By Tony Zerucha  |  

Baselayer, a B2B platform utilizing proprietary Graph AI technology to fight fraud and optimize business onboarding, today emerged from stealth with a $6.5 million seed round and an experienced team of compliance and machine learning experts. The company has secured more than 20 customers, including… Read More

April 30, 2024 @ 10:24 am By Tony Zerucha  |  

Payhawk, a global spend management solution for domestic and international businesses throughout the United States, United Kingdom, and Europe, this week announced a new integration with American Express. It offers U.S. business and corporate card members the ability to issue virtual cards with built-in spend… Read More

April 30, 2024 @ 8:50 am By Tony Zerucha  |  

This week, FinQuery (formerly LeaseQuery), a provider of AI-powered solutions, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. The funding will accelerate product innovation and support strategic mergers and acquisitions. FinQuery’s AI-driven SaaS platform unifies finance, accounting, and… Read More

April 29, 2024 @ 11:12 am By Tony Zerucha  |  

DataVisor, an AI-powered fraud and risk platform, this week expanded its partnership with DCI, a provider of core processing, digital banking, and fintech solutions. DCI will now broaden the use of DataVisor’s fraud solutions to support more community banks across a variety of use cases. Since partnering with… Read More

April 29, 2024 @ 7:42 am By Tony Zerucha  |  

This week Finastra, a global provider of financial software applications and marketplaces, unveiled its latest mobile banking software. Next Gen Mobile Banking, a new digital banking experience for community banks and credit unions, offers financial institutions customization options and enhanced security features. With Next Gen… Read More

April 29, 2024 @ 7:37 am By Tony Zerucha  |  

This past week, FastSpring, a merchant of record for global SaaS and software companies, and EBANX, a global technology company specializing in payments for rising markets, announced a partnership to enhance users’ payment experience within FastSpring’s product suite in Latin America through local payment method Pix. Pix, Brazil’s instant payment… Read More

April 29, 2024 @ 7:34 am By Tony Zerucha  |  

Entrust, a provider of payments, identities, and data security, this week announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats. By enhancing Entrust Identity as a… Read More

April 26, 2024 @ 5:31 pm By Tony Zerucha  |  

401GO, a retirement plan provider for employers, advisors, and individuals, this week announced the completion of its $12 million Series A funding round. Next Frontier Capital led the round, which also included Rally Ventures, Impression Ventures, and Stout Street Capital. The latest capital infusion will fuel… Read More

April 26, 2024 @ 5:15 pm By Tony Zerucha  |  

Movement Labs, a San Francisco-based blockchain development team, has secured $38 million in a Series A financing round led by Polychain Capital. The funding will support the company’s mission to bring Facebook’s Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput…. Read More

April 26, 2024 @ 5:03 pm By Tony Zerucha  |  

This week doxo, a Fintech providing bill-paying services, railed against a lawsuit filed by the U.S Federal Trade Commission,  saying the complaint “indicates a fundamental misunderstanding of the existing bill-pay market and the structural inefficiencies that work against consumers.” In a release, doxo said the… Read More

April 23, 2024 @ 8:28 am By Tony Zerucha  |  

On April 21, Trulioo, an identity verification platform, announced a collaboration with Nium, a provider of real-time cross-border payments. Nium integrated Trulioo’s Person Match identity verification capability to deliver compliant payment experiences for its U.K. operations. The companies first partnered in 2015, initially for Nium’s… Read More

April 23, 2024 @ 8:00 am By Tony Zerucha  |  

AU10TIX, a global provider of identity verification and management, today announced that it has protected companies against more than $18 billion in business fraud since the 2021 launch of its Serial Fraud Monitor (formerly INSTINCT). The tool draws insights from millions of transactions processed across… Read More

April 22, 2024 @ 3:14 pm By Tony Zerucha  |  

Open Lending, a provider of automotive lending enablement and risk analytics solutions for financial institutions, released a new Near- and Non-Prime Consumer Update this week, continuing its quarterly report series on automotive lending trends among near- and non-prime consumers. The latest update uncovers disproportionate economic… Read More

April 22, 2024 @ 8:47 am By Tony Zerucha  |  

Alkami, a cloud-based digital banking solutions provider for financial institutions in the U.S., announced this week that it has formed a partnership with SWIVEL. Through Alkami’s single sign-on integration with SWIVEL’s Transaction Enablement Platform, Alkami’s bank and credit union clients can access their new partner’s… Read More

April 22, 2024 @ 6:58 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies, BaaS banks and credit unions, announced this week that Continental Finance has become its newest member. Continental Finance works to provide a variety of services to customers who have been long forgotten by traditional financial… Read More

April 21, 2024 @ 8:24 am By Tony Zerucha  |  

This week WorldFirst, a digital payment and financial services platform for global businesses, launched WorldTrade, a payment solution for global sourcing to bolster the security and speed of cross-border payment for international SMEs that procure goods from suppliers based in China. WorldTrade employs smart contract-fulfillment… Read More

April 14, 2024 @ 10:29 am By Tony Zerucha  |  

Verituity, a provider of payout solutions, this week announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers. According to Mastercard’s Borderless Payments Report, one-third of consumers… Read More

April 13, 2024 @ 2:10 pm By Tony Zerucha  |  

Tabs, an accounts receivable platform for B2B businesses, this week announced a $7 million seed funding round led by Lightspeed Venture Partners. This brings the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs’ mission… Read More

April 10, 2024 @ 6:45 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies and banks, this week added the Center for Accelerating Financial Equity (CAFE) as their latest strategic partner. Located at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus, CAFE is… Read More