February 17, 2024 @ 4:02 pm By Omar Faridi  |  

A new report from Mambu, released in partnership with Google Cloud, highlights why banks must begin to “provide services for tech-empowered customers to avoid being left behind by tech-savvy competitors.” Research shows that banks “that successfully switch to a cloud core will be bigger, more… Read More

 Tagged google cloud, mambu, omar paul, research

February 17, 2024 @ 11:12 am By Omar Faridi  |  

Genesis Global, the software application development platform purpose-built for financial markets organizations, announced the launch of the web version of its multi-asset class middle-office solution, Trade Allocation Manager (TAM). TAM provides a robust foundation “for operational efficiency and regulatory compliance through a centralized application that… Read More

 Tagged application development, financial markets, genesis, genesis global, niketta postlethwaite-williams, software, trade allocation manager

February 16, 2024 @ 5:14 pm By Tony Zerucha  |  

Neobank Dave this week announced it has joined the American Fintech Council, an industry association representing fintech companies and banks. Dave partners with Evolve Bank & Trust, an FDIC member. “Our members are setting the standard for the responsible use of innovation to increase competition in… Read More

 Tagged american fintech council, banking, dave, jason wilk, neobank, Phil Goldfeder

February 16, 2024 @ 2:17 pm By Omar Faridi  |  

2023 was a challenging year for the fintech market, with total global fintech investment dropping from US$196.6 billion across 7,515 deals in 2022 to a six-year low of US$113.7 billion across 4,547 deals in 2023 according to the Pulse of Fintech H2’23—a bi-annual report published… Read More

 Tagged dan teper, fintech adoption, Fintech funding, fintech trends, insights, kpmg, research

February 16, 2024 @ 2:15 pm By Omar Faridi  |  

Better Home & Finance Holding Company (NASDAQ: BETR), a digital homeownership company, launches Better Mortgage VA Loans, which is described as a fully digital VA loan program available to eligible US Veterans, service members, National Guard and Reserve members, and in some cases Veterans spouses… Read More

 Tagged better, better home and finance holding, better mortgage, better.com, digital homeownership, va loans, vishal garg

February 16, 2024 @ 12:54 pm By Omar Faridi  |  

Paystand, the blockchain-enabled commercial payments platform, announces the launch of Paystand.org. Paystand.org is the corporate social responsibility (CSR) arm of the financial technology company. The organization will harness the power of “the blockchain and emerging bitcoin circular economies to create financial opportunities within vulnerable and… Read More

 Tagged bitcoin, blockchain adoption, Crypto Transactions, donations, Jeremy Almond, paystand, paystand.org

February 16, 2024 @ 12:05 pm By JD Alois  |  

Crédit Agricole Consumer Finance has announced the acquisition of Pledg, a provider of buy now pay later (BNPL) services. Terms of the deal were not revealed. Pledg was founded in 2016 aiming to serve companies operating in B2C/B2B and financial institutions wishing to launch their own… Read More

 Tagged bnpl, credit agricole, france, franck oniga, nicolas pelleteir, pledg

February 16, 2024 @ 10:58 am By JD Alois  |  

Online lending platform LendInvest says it will now offer 90% LTV two-year fixed mortgages for first-time home buyers. LendInvest’s Residential Mortgages are said to have stretched LTIs up to 6.49x, to support homebuyers to borrow enough for their first home. Paula Mercer, Head of Sales… Read More

 Tagged lendinvest, mortgages, paula mercer, uk, united kingdom

February 16, 2024 @ 10:37 am By Omar Faridi  |  

More employees than ever — nearly 9 out of 10 — are feeling stressed about their finances, with almost half saying they’re just getting by. Despite budgets for salary increases reaching a 22-year high in 2023, 48% of workers are worried they “don’t have enough… Read More

 Tagged insights, research, savings, sofi, sofi at work, survey, united states, us, workers benefits

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

 Tagged digital banking, europe, lending, loans, mark cooper, martin williams, oaknorth, oaknorth bank, uk, united kingdom