July 15, 2024 @ 8:40 am By JD Alois  |  

Goldman Sachs (NYSE:GS)  has released Q2 2024 results reporting earnings per share (EPS) of $8.62 on net earnings of $3.04 billion in a solid earnings beat. Goldman CEO and Chairman David Solomon issued the following statement on the bank’s performance: “We are pleased with our… Read More

 Tagged goldman sachs

July 15, 2024 @ 7:58 am By Tony Zerucha  |  

This week, Open Payment Technologies launched Kuady, a digital wallet app. Designed to accelerate financial inclusion and transform how merchants and users manage their money, Kuady launched in Peru and Chile – giving global organizations access to these markets with seamless cross-border transactions – with further LatAm countries being… Read More

 Tagged digital wallet, isle of man, Kuady, lorenzo pellegrino, NETELLER, Open Payment Technologies, Optiomal Payments

July 15, 2024 @ 7:55 am By Omar Faridi  |  

Assetz Capital, a funder in the SME commercial property and residential development markets, is pleased to announce that Mark Roberts has joined the expanding business to lead the growth of their development finance arm. While Mark’s role is national, his remit will also “focus on… Read More

 Tagged assetz capital, mark roberts, sme's, uk, united kingdom

July 15, 2024 @ 7:51 am By Omar Faridi  |  

The recent election of Labour in the UK is likely to result in “major changes” to fintech and payments markets, according to an analysis shared by Juniper Research. Juniper Research notes in a blog post that as industry watchers, they wanted to “examine the new… Read More

 Tagged labour, payments, research, uk, united kingdom

July 14, 2024 @ 10:31 pm By Omar Faridi  |  

Payment orchestration provider BR-DGE has announced the launch of its white-label payment orchestration solution, which is set to propel payment acquirers, gateways, platforms and other ecosystem players with agile and customizable modular tech to stand out in a fiercely competitive market. As an independently-owned, vendor-agnostic… Read More

 Tagged br-dge, payment acquirers, payment orchestration provider, payments, uk, united kingdom

July 14, 2024 @ 9:32 pm By Omar Faridi  |  

Griffin, the UK’s bank for fintechs, is pleased to announce that it is now a certified B Corp – the global community of companies committed to high standards of social and environmental performance, transparency, and accountability. This milestone reinforces Griffin’s dedication to “embedding sustainable and… Read More

 Tagged b-corp, certification, griffin, uk, united kingdom

July 14, 2024 @ 8:45 pm By Omar Faridi  |  

Envestnet, Inc. (NYSE: ENV), a provider of integrated technology, intelligent data and wealth solutions, announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the company at $4.5 billion ($63.15 per share). Reverence Capital also agreed… Read More

 Tagged acquisition, bain capital, data, envestnet

July 14, 2024 @ 6:51 pm By Omar Faridi  |  

Partior, a fintech company with global unified ledger-based interbank rails for real-time clearing and settlement, has announced the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and… Read More

 Tagged clearing, partior, settlement, valor capital

July 14, 2024 @ 3:35 pm By Omar Faridi  |  

The embedded finance market is now ranking and evolving, according to an update shared by CBInsights. The report notes that this is taking place where integrated financial services are maturing, emerging, and plateauing. This latest research report uses the CB Insights TECH Framework in order… Read More

 Tagged bnpl, cbinsights, embedded finance, financial services, research

July 14, 2024 @ 3:30 pm By Omar Faridi  |  

LexisNexis Risk Solutions released a study evaluating how financial institutions (FIs) detect and mitigate authorized transfer scams, where fraudsters manipulate or deceive account holders to transfer funds to them. The study, Defend Against Authorized Transfer Scams, finds “that fraud risk and mitigation strategy leaders at… Read More

 Tagged fraud, Lexis Nexis, lexisnexis risk solutions, scams