August 13, 2023 @ 9:40 pm By Tony Zerucha  |  

LeaseQuery, a financial software provider, this week announced the acquisition of Stackshine, a SaaS spend management platform. Stackshine helps companies track and optimize their software spend and usage. With this acquisition, LeaseQuery said it hopes to address SaaS operations and spend management. With SaaS spending… Read More

August 13, 2023 @ 12:46 pm By Tony Zerucha  |  

This week, ConnexPay, a payments technology company that integrates payments acceptance and issuance inside a single platform, announced the appointment of George Hansen as its chief revenue officer (CRO). Hansen brings more than 20 years of experience in the payments industry. He previously worked as… Read More

August 8, 2023 @ 9:00 am By Tony Zerucha  |  

Greenlight, a Fintech company that helps teach financial literacy, today announced a credit builder for teens to build credit before they turn 18. Parents can now add teens as authorized users to the Greenlight Family Cash Mastercard. In a release, Greenlight said 84% of teens… Read More

August 6, 2023 @ 10:40 pm By Tony Zerucha  |  

Public trust in the data security methods deployed by financial institutions is high, IT security solutions provider Utimaco said in new research. Overall, 64% of people trust their financial institution’s methods. Circles of Trust 2023: Exploring Consumer Trust in the Digital Society surveyed thousands of… Read More

August 6, 2023 @ 10:39 pm By Tony Zerucha  |  

The United States maintained its dubious top spot in data breaches as cybersecurity company Surfshark released its Q2 statistics last week. According to Surfshark, 110.8 million accounts were breached in the quarter. The USA (49.8M) accounts for nearly half of those breaches, with Russia (15.3M),… Read More

August 6, 2023 @ 5:26 pm By Tony Zerucha  |  

The American Fintech Council (AFC) announced last week that OMB Bank has become its newest member. OMB Bank joins a growing group of Banking-as-a-Service (BaaS) banks focusing on access, transparency, consumer protection and regulatory compliance. “OMB leads by example and is an important voice at… Read More

August 1, 2023 @ 10:54 pm By Tony Zerucha  |  

DataVisor, a real-time fraud and risk management platform using AI and machine learning, recently partnered with Q6 Cyber, a cyber and fraud threat intelligence provider. Together, they will centralize relevant threat intelligence data in a single platform to increase fraud detection accuracy. The companies said Q6… Read More

August 1, 2023 @ 10:48 pm By Tony Zerucha  |  

Employee social media communications leave financial institutions at risk, even as U.S. regulators threaten fines, results of a study from compliance services provider Shield and business communications firm LeapXpert show. Only 51% of institutions monitor employee communications over WhatsApp. Even fewer watch SMS, iMessage, LINE,… Read More

July 30, 2023 @ 12:54 pm By Tony Zerucha  |  

Provenir, a provider of data and AI-powered risk decisioning software, this week announced the appointment of Richard Kern as senior vice president of Global Professional Services. The head of Provenir’s global professional services team, Kern is charged with overseeing client delivery services. That includes implementation… Read More

July 29, 2023 @ 3:39 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) this week adopted rules requiring registrants to disclose material cybersecurity incidents they experience and, on an annual basis, material information regarding their cybersecurity risk management, strategy, and governance. The SEC also adopted rules requiring foreign private issuers to make… Read More

July 29, 2023 @ 10:55 am By Tony Zerucha  |  

This week, the Securities and Exchange Commission (SEC) proposed new rules requiring broker-dealers and investment advisers to address conflicts of interest associated with their use of predictive data analytics and similar technologies to interact with investors. The proposed regulations are designed to prevent firms from… Read More

July 17, 2023 @ 9:00 am By Tony Zerucha  |  

Nav, a financial health platform for small businesses, has acquired Tillful, a startup focusing on modernizing business credit and cash flow insights for small- and medium-sized businesses by using better data. The acquisition should allow Nav to accelerate its data platform development and product roadmap… Read More

July 17, 2023 @ 7:50 am By Tony Zerucha  |  

A Koch Industries subsidiary and Andreessen Horowitz are among the backers behind a $132 million infusion into Silo Technologies, a Fintech provider focused on the food supply chain. The funds consist of $100 million to introduce the funding program Cash Advance and a $32 million… Read More

July 16, 2023 @ 12:47 pm By Tony Zerucha  |  

Adyen, a global fintech platform, is among the first to complete testing and receive certification to utilize FedNow, the Federal Reserve’s instant payment infrastructure that is launching this summer. The news comes two years after Adyen obtained a U.S. banking branch license. In a release,… Read More

July 16, 2023 @ 12:45 pm By Tony Zerucha  |  

A new report from the United Kingdom-based The Payments Association suggests the area’s burgeoning Fintech sector can play a key part in helping folks emerge from poverty. Navigating the rising cost-of-living: Payments innovation as a game-changer analyzes the cost-of-living crisis and poverty premium in the… Read More

May 17, 2022 @ 4:18 pm By Tony Zerucha  |  

Infinity Ventures, an early-stage venture firm investing in founders building across fintech infrastructure and commerce enablement, today announced its inaugural $158 million fund. Since their first close in June 2021, Infinity Ventures has funded 11 companies. Infinity Ventures was co-founded by Jeremy Jonker, Jay Ganatra… Read More

May 17, 2022 @ 9:33 am By Tony Zerucha  |  

Cybercriminals are finding the most victims in the West, according to a study by cybersecurity company Surfshark. The UK tops the list, followed by the US, Canada, Australia, and Greece. Canada had 174 victims per 1M internet users in 2021, roughly eight times less than… Read More

May 17, 2022 @ 8:28 am By Tony Zerucha  |  

SunTec Business Solutions, a relationship-based pricing and billing company, recently announced the appointment of Clinton Abbott as the head of product management. The company said his appointment comes at a crucial time when countries are emerging from the pandemic and organizations across various industries are… Read More

May 16, 2022 @ 6:44 pm By Tony Zerucha  |  

  Like everyone else, American consumers are looking for faster ways to make payments, the results of a survey by the Federal Reserve Banks suggest. Overall, 80% say they are interested in more immediate ways to pay businesses, with around 70% saying the option of… Read More

April 14, 2022 @ 8:42 am By Tony Zerucha  |  

The HBAR Foundation and Dropp, a digital micropayment transaction platform enabling payments both in FIAT ($USD) and cryptocurrency, today announced a grant that will help Dropp develop its business. “Dropp is a revolutionary technology that solves the incredibly large business problem of hefty fees associated with low-cost… Read More