May 24, 2024 @ 9:12 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announced its latest milestone: surpassing 4 million registered customers within 44 months of launch. Philip Belamant, CEO and co-founder of Zilch said: “In less than four years, we’ve transformed how millions experience, engage and – most importantly – are… Read More

 Tagged fintech adoption, milestone, payments, zilch

May 24, 2024 @ 9:03 am By Omar Faridi  |  

Upvest, the investment infrastructure provider in Europe, and Raisin, Europe’s marketplace for savings and investment products, are pleased to announce the successful migration of single-digit billion in Assets under Management (AuM). This significant achievement demonstrates “the strength of the partnership between the two fintech leaders… Read More

 Tagged berlin, europe, raisin, upvest

May 23, 2024 @ 11:26 pm By Omar Faridi  |  

The release of Deloitte Private’s inaugural Family Office Insights Series – Global Edition reveals The Top 10 Family Office Trends of 2024, which covers investing, risk management, hiring, sustainability, succession planning, cybersecurity, digital transformation, and more. Deloitte Global surveyed 354 single family offices “from around… Read More

 Tagged asset management, investment strategy, research, sustainable investing

May 23, 2024 @ 10:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The initiatives discussed covered… Read More

 Tagged china, digital financial services, mas, singapore

May 23, 2024 @ 4:47 pm By Omar Faridi  |  

Swift has set out plans to help financial institutions streamline the cross-border payment experience for their corporate customers by “extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labeled tracking services that can be activated for customers at the click of a… Read More

 Tagged iso 20022, payments, swift

May 23, 2024 @ 3:00 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement, in Q1 2024, of “a $350 million personal loan securitization” exclusively with funds and accounts… Read More

 Tagged digital financial services, pgim fixed income, securitization, sofi

May 23, 2024 @ 1:22 pm By Omar Faridi  |  

Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America‘s (NYSE: BAC) 14th annual Workplace Benefits Report, “The Resurging Workforce.” Conducted in partnership with Bank of America Institute, the report also “found… Read More

 Tagged americans, bank of america, Research Report, wellness

May 23, 2024 @ 12:01 pm By Omar Faridi  |  

FairPlay, a Fairness-as-a-Service company, announced a customer relationship with Chime, a financial technology platform founded on the belief that everyday people deserve access to helpful, transparent and fair banking services to unlock financial progress. Chime will implement FairPlay’s solutions in “the underwriting models powering the… Read More

 Tagged ai, artificial intelligence, chime, financial services

May 23, 2024 @ 11:12 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features “include business financing through Stripe Capital, lower-cost… Read More

 Tagged financial infrastructure, stripe, uk, united kingdom

May 23, 2024 @ 10:44 am By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More

 Tagged AFC, american fintech council, bnpl, cfpb, dorsey and whitney, erin bryan, financial technology association, penny lee, Phil Goldfeder, rohit chopra