November 27, 2023 @ 8:45 am By Tony Zerucha  |  

Marqeta (NASDAQ: MQ), a card issuing platform, this week announced a new partnership with Credi2 to provide an end-to-end installment platform designed for banks. It helps them deliver installment payments on cards to meet growing consumer demand for more flexible and seamless digital payment experiences…. Read More

November 27, 2023 @ 8:18 am By Tony Zerucha  |  

Deduce, a fraud technology platform designed to prevent AI-generated identity fraud, in association with Wakefield Research, this week released a study showing alarming trends in synthetic fraud growth. The study, which polled 500 financial executives in the United States, shows a 17% increase in synthetic… Read More

November 27, 2023 @ 7:34 am By Tony Zerucha  |  

Feedzai, a financial crime and risk management solution, and Mastercard are combining technologies to increase crypto fraud protection for hundreds of millions of consumers. Today, an estimated 40% of scam transactions exit directly from a bank account to a crypto exchange. According to Feedzai’s recent… Read More

November 25, 2023 @ 6:44 pm By Tony Zerucha  |  

This week, BSV Blockchain revealed the findings from its inaugural Blockchain Barometer, a worldwide report that seeks to establish an official record of the public’s perception and level of understanding of blockchain and other emerging technologies like AI and the metaverse. The survey, which included… Read More

November 20, 2023 @ 2:42 pm By Tony Zerucha  |  

Xapo Bank, a fully licensed bank that combines traditional banking with access to Bitcoin, stablecoins, and altcoins, recently announced it is launching three more cryptocurrencies that members can buy, sell, and hold on the Xapo Bank app — Ethereum (ETH), Cardano (ADA), and Polygon (MATIC)…. Read More

November 20, 2023 @ 6:08 am By Tony Zerucha  |  

Tassat Group, a provider of real-time digital payment solutions, recently announced the appointment of Zain Saidin as CEO. Saidin assumes the CEO position after serving as Tassat’s COO since February. Kevin R. Greene will continue his role at Tassat as the chairman of the board… Read More

November 19, 2023 @ 8:17 pm By Tony Zerucha  |  

Refine Intelligence launched earlier this month with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures and other investors including Ground Up Ventures. The firm describes itself as “greenflagging” legitimate customer behavior by… Read More

November 19, 2023 @ 11:18 am By Tony Zerucha  |  

The American Fintech Council (AFC), the industry association representing responsible fintech companies and innovative banks and credit unions, has announced a strategic partnership with Alloy Labs, a consortium of community and mid-size banks that drive innovation, develop best practices and build benchmarks and tools for… Read More

November 19, 2023 @ 9:46 am By Tony Zerucha  |  

Dwayne Johnson and Acorns, a saving and investing app, have announced the launch of the Mighty Oak Debit Card. The heavy metal tungsten debit card, exclusive to Acorns, was constructed to address overspending and under-saving. With Real-Time Round-Ups, customers invest their spare change from each… Read More

November 6, 2023 @ 12:23 pm By Tony Zerucha  |  

The American Fintech Council (AFC) has thrown its weight behind the Protecting Consumers from Unreasonable Credit Rates Act of 2023. The legislation, introduced by U.S. Senate Majority Whip Dick Durbin (D-IL) and co-sponsored by U.S. Senators Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Sheldon Whitehouse… Read More

November 6, 2023 @ 9:41 am By Tony Zerucha  |  

Two in three consumers (65%) with a student loan said they were caught by surprise when the U.S. Department of Education announced this summer that student loan repayments would begin once more in October 2023. TransUnion’s Q4 2023 Consumer Pulse study found that 49% of… Read More

November 5, 2023 @ 7:45 pm By Tony Zerucha  |  

Foyer, which bills itself as the 401(k) for Homeownership, this week announced that the company is live across Michigan. The company, founded by former Better.com executive Landy Liu, provides accelerated savings programs and a platform of purchasing resources so first-time homebuyers can confidently make their… Read More

October 30, 2023 @ 8:22 am By Tony Zerucha  |  

This week, Blend, a provider of cloud banking services, today announced an integration with MeridianLink, a provider of modern software platforms for financial institutions and consumer reporting agencies. Lenders using MeridianLink Consumer can now leverage their partner’s unified platform and consumer banking origination software for… Read More

October 29, 2023 @ 11:00 pm By Tony Zerucha  |  

The annual holiday forecast1 from global branded payments provider Blackhawk Network found shoppers surveyed plan to spend 43% of their holiday budget on gift cards this year. This trend is largely fuelled by Gen Z consumers. The report also found that consumers aren’t starting their holiday… Read More

October 29, 2023 @ 9:00 pm By Tony Zerucha  |  

Repay, a provider of vertically integrated payment solutions, this week announced a new partnership and technology integration with Kredit Financial, a digital debt resolution platform and network. The collaboration enables collection agencies, debt buyers and collection law firms that use Kredit’s technology platform to offer… Read More

October 29, 2023 @ 3:09 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks, this week named Ian P. Moloney as their new senior vice president and head of federal and state policy. Moloney brings more than a decade of fintech and research experience from the private… Read More

October 25, 2023 @ 10:50 am By Tony Zerucha  |  

Groundfloor this week launched Groundfloor 3.0. Derived from a decade of insights from more than 230,000 investors, Groundfloor 3.0 is designed for mass market investors seeking exposure to private market real estate. “The alternative investments industry has scaled to the point where it’s now possible… Read More

October 23, 2023 @ 1:00 am By Tony Zerucha  |  

Nium, a provider of real-time global payments, today announced Nium Global FX, a product it says allows for guaranteed and competitive FX rates. This includes the ability to lock and hold an FX rate for up to 24 hours and settle FX conversions on a… Read More

October 22, 2023 @ 7:17 pm By Tony Zerucha  |  

The American Fintech Council this week announced that Cleo has become its newest member. Cleo is the latest in a growing number of fintechs who have joined the American Fintech Council roster in recent weeks. “Cleo focuses on the comprehensive and unique financial situation of each… Read More

October 22, 2023 @ 2:10 pm By Tony Zerucha  |  

SoFi-owned Galileo Financial Technologies now offers its Payment Risk Platform to the entire financial services ecosystem. This holistic fraud engine delivers real-time payment risk mitigation controls that allow any fintech or financial brand to reduce fraud losses and minimize payment risks proactively. The Galileo Payment… Read More