June 29, 2024 @ 4:09 pm By Omar Faridi  |  

Tuum, a core banking platform, is pleased to announce the strengthening of its ongoing partnership with Amazon Web Services (AWS). This strategic alignment introduces Tuum to the AWS Marketplace, a platform that is reportedly known “for its robust, scalable, and secure cloud infrastructure.” Through this… Read More

 Tagged amazon web services, aws, banking, core banking, tuum

June 29, 2024 @ 4:08 pm By Omar Faridi  |  

Visa (NYSE: V)  has announced a new collaboration with Amazon (NASDAQ:AMZN) that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option “to select Installments… Read More

 Tagged amazon, canada, checkout, visa

June 29, 2024 @ 4:05 pm By Omar Faridi  |  

Feedzai and STET, a European company focused on payment market infrastructures, which processed more than 35 billion transactions in 2023, are working together “to offer concrete and innovative solutions to financial institutions to help them in the fight to protect their customers from payment fraud.” Feedzai’s… Read More

 Tagged ai, feedzai, financial crime, stet

June 29, 2024 @ 4:01 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced a significant expansion in its asset tokenization initiatives, aiming to set industry-wide standards across various financial sectors, including fixed income, foreign exchange (FX), and asset & wealth management. The announcement includes the successful completion of the first phase… Read More

 Tagged asset tokenization, fintech, monetary authority of singapore, singapore, tokenization

June 29, 2024 @ 4:00 pm By Michael Wong  |  

Fintech firm Chime announced its acquisition of Salt Labs, an enterprise technology company dedicated to enhancing the financial stability of hourly workers. The transaction, which did not disclose its financial details, positions Chime to tap into new growth and revenue opportunities through Salt Labs’ extensive… Read More

 Tagged chime, Salt Labs

June 28, 2024 @ 10:26 pm By Omar Faridi  |  

With the end of financial year (EOFY) around the corner, new research from digital bank, ubank, revealed what’s on the minds of Gen Z and Millennials when it comes to tax time. According to ubank’s research, which “surveyed 1,311 adults between the ages of 18… Read More

 Tagged australia, digital bank, research, taxes, ubank

June 28, 2024 @ 9:39 pm By Omar Faridi  |  

Global payments and financial platform for modern businesses, Airwallex, has continued on its growth trajectory, delivering a 93 percent increase in year-on-year (YoY) revenue across Australia and New Zealand (ANZ). Airwallex also reports that it recorded strong global revenue growth, “up 84 percent YoY, while… Read More

 Tagged airwallex, australia, new zealand, payments

June 28, 2024 @ 5:43 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform in the world outside Asia, announced on the results of the seventh edition of Nubank Data, this time with the theme Financial Health and Well-Being: Access Beyond Credit. The study focuses on the journey… Read More

 Tagged brazil, data, financial wellbeing, nubank

June 28, 2024 @ 5:17 pm By Omar Faridi  |  

Retail investors are often seen as overly indexing tech stocks; however, financial services is the most owned sector among this group, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In the study of American retail investors, 54%… Read More

 Tagged etoro, research

June 28, 2024 @ 5:14 pm By Omar Faridi  |  

Ramp is completing a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This investment round was co-led by Khosla Ventures and Founders Fund ‘with additional new investors Sequoia Capital, Greylock, and 8VC.’ Ramp‘s existing investors Thrive Capital, General Catalyst, Sands Capital,… Read More

 Tagged funding round, ramp, spend management