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

October 22, 2023 @ 1:42 pm By Tony Zerucha  |  

Global B2B payments and invoicing network TreviPay this week announced the launch of the Financial Partner Gateway, a new suite of APIs for financial institutions looking to expand commercial offerings. TreviPay’s composable technology platform now enables banks around the world to deliver automated accounts receivable, underwriting and trade… Read More

October 22, 2023 @ 1:13 pm By Tony Zerucha  |  

The United Nations Development Programme (UNDP) and the Secure Identity Alliance (SIA) this week announced the signing of a memorandum of understanding (MOU) to assist developing countries in implementing, strengthening or expanding their digital identity systems. The agencies said they are committed to promoting open… Read More

October 14, 2023 @ 6:00 pm By Tony Zerucha  |  

The CEO of the American Fintech Council blasted the Centre for Responsible Lending (CRL) for a report on earned wage access (EWA), calling it a ‘complete misunderstanding and mischaracterization of the industry” that, among other things, takes information out of context and uses ‘improper interpretations… Read More

October 14, 2023 @ 12:42 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks creating access to safe and affordable financial services, has announced that FinMkt has become its newest member. Woman-founded and owned, the AFC said the company adds an important voice to the fast-growing… Read More

October 14, 2023 @ 11:38 am By Tony Zerucha  |  

MineralTree’s eighth-annual State of AP Report chronicles the effect of automation, headwinds, inflation and hybrid workplaces on AP teams. “As businesses continue to face a number of challenges and pressures, finance teams are being tasked with finding new ways to drive operating efficiencies and get… Read More

October 9, 2023 @ 12:58 pm By Tony Zerucha  |  

United Kingdom regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), have proposed measures to boost diversity and inclusion in financial services. In consultation papers published this month, the financial regulators have proposed to “boost diversity and inclusion to support healthy work cultures, reduce… Read More

October 9, 2023 @ 9:07 am By Tony Zerucha  |  

This week, Trulioo, a global identity verification platform, announced new research revealing that 79% of responding organizations have experienced business identity theft, which involves defrauding, extorting or stealing money from a company. The findings stem from the Trulioo September 2023 Global Know Your Business (KYB)… Read More

October 9, 2023 @ 8:18 am By Tony Zerucha  |  

Apex Fintech Solutions’ new fixed-income investing platform promises everyday retail investors the ability to directly invest in fixed-income via fractional corporate bonds and treasuries, the company said this week. The solution meets investor demand for portfolio diversification and yield that fixed-income can offer. However, Apex… Read More

October 9, 2023 @ 7:40 am By Tony Zerucha  |  

This week, the American Fintech Council announced that they have added several financial institutions as new members. Coastal Community Bank, Customers Bank, Thread Bank, Portage Bank, Evolve Bank and Trust, Five Star Bank, Lineage Bank and The Atlantic Federal Credit Union are among those joining… Read More

September 29, 2023 @ 3:11 pm By Tony Zerucha  |  

A new report from business data API provider Codat shows that business lenders continue innovating and evolving their offerings despite current economic challenges. The study of 115 business lenders in the United States and the United Kingdom shows providers are adapting their strategies and priorities to narrow in focus… Read More

September 29, 2023 @ 6:22 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association, this week announced its support of consumer advocates seeking a stop to predatory pawn shop loans. The AFC said pawn shops exploit a loophole given to them by a judge in Sangamon County who issued an injunction… Read More

September 25, 2023 @ 9:53 am By Tony Zerucha  |  

SmartMetric announced this week that it has received clearance to ship its biometric card with its inbuilt rechargeable hybrid battery. “We are very excited to have now overcome this last remaining hurdle to bring our advanced biometric fingerprint-activated card to market,” said SmartMetric’s president and… Read More

September 24, 2023 @ 8:07 pm By Tony Zerucha  |  

The Payments Association, a United Kingdom-based payments organization, presented its report, Navigating the rising cost of living: Payments innovation as a game-changer at Parliament last week. The report identifies three groups of people newly at risk of financial exclusion and provides recommendations for building a… Read More

September 23, 2023 @ 6:16 pm By Tony Zerucha  |  

Fintech firm Arta Finance this week named Tomas Arlia its chief investment officer and head of alternative investments. A former CIO of GE Asset Management, Arlia brings more than 25 years of experience to further the company’s offerings in alternative assets, including private equity, private credit, venture capital,… Read More

September 23, 2023 @ 6:04 pm By Tony Zerucha  |  

New data suggests an increase in fraudulent activities within the automotive, credit card, and mortgage sectors, according to the latest Equifax Canada Fraud Trends Report. The report also suggests the uptick in fraud is being driven by financial pressures faced by consumers and by bold… Read More

September 23, 2023 @ 5:59 pm By Tony Zerucha  |  

CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, this week emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on… Read More

September 23, 2023 @ 5:57 pm By Tony Zerucha  |  

Greenlight, a Fintech company aiming to help parents raise financially savvy kids, this week announced the launch of Greenlight for Classrooms, a free, web-based personal finance library of interactive K-12 lessons and teaching materials mapped to state and national standards. As of Sept. 21, teachers… Read More

September 23, 2023 @ 5:54 pm By Tony Zerucha  |  

Clear Street, a New York-based independent prime broker, this week appointed Jonathan “Jon” Daplyn as chief information officer and Hari Godbole as managing director and vice president of engineering. The moves are effective immediately. Daplyn leads Clear Street’s 150 technologists and reports to Chris Pento, Clear Street’s co-founder and chief executive officer…. Read More