December 2, 2023 @ 8:58 am By Michael Wong  |  

Buenos Aires-based fintech firm Uala has launched a no-fee credit card in Argentina, targeting the massive population of unbanked Argentines, according to a Bloomberg report. The company, which is backed by investors George Soros, Steve Cohen, and Tencent Holdings, is offering its no-fee credit card… Read More

 Tagged argentina, credit card, digital bank, fintech, payments, uala

December 1, 2023 @ 5:11 pm By JD Alois  |  

Swift says it has finally brought 24/7 global payments to life for transfers destined to Europe. According to a statement by Swift, the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), now enables payments to and from Europe to be processed 24 hours… Read More

 Tagged belgium, swift

December 1, 2023 @ 5:00 pm By Omar Faridi  |  

Global equity management company Carta announced plans to expand operations to the Middle East—citing a 180% increase in year-over-year bookings across the broader Asia Pacific region, and “launching with flagship Middle East customers including Global Ventures, BECO Capital, Cotu Ventures, and Outliers VC and Middle… Read More

 Tagged Business Expansion, carta, equity management, mena, middle east

December 1, 2023 @ 4:55 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments market leader, announces a new, easier-to-use interface for its AI-powered accounts receivable (AR) software platform which delivers improved insights and a more holistic view of AR processes to optimize cash flow and improve staff productivity. The new, platform-wide… Read More

 Tagged b2b, billtrust, digital payments, financial services

December 1, 2023 @ 4:11 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the 26th edition of the Reality Check: Paycheck-To-Paycheck research series. The Seasonal Financial Distress Deep Dive Edition “examines the impact of seasonal spending on consumers’ ability to… Read More

 Tagged cost of living crisis, digital marketplace bank, financial management, insights, lendingclub, lendingclub bank, paycheck to paycheck, research, Research Report, Research Study, survey, united states, us

December 1, 2023 @ 4:07 pm By Omar Faridi  |  

CME Group, which claims to be one of the world’s leading derivatives marketplaces,  announced that open interest in its deeply liquid U.S. Treasury futures “set a new record of 21,428,757 contracts on November 24.” This year, the notional value of open interest “in CME Group… Read More

 Tagged cme group, derivatives, marketplaces, milestone, united states, us

December 1, 2023 @ 3:53 pm By Omar Faridi  |  

With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount “for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers.  ” According to Experian’s State of the… Read More

 Tagged automobile financing, experian, financing, insights, research, united states, us

December 1, 2023 @ 10:02 am By JD Alois  |  

Yesterday, the UK government announced a “world’s first” agreement with big tech to help battle online fraud, the most common type of crime in the country. The UK government is partnering with the likes of Amazon, eBay, Facebook, Google, Instagram, LinkedIn, Match Group, Microsoft, Snapchat,… Read More

 Tagged fraud, oliver prill, rishi sunak, tid, UK government

December 1, 2023 @ 9:33 am By JD Alois  |  

Neobank Bluevine is reporting that it has topped $1 billion in deposits for its SME banking customers. The Fintech provides FDIC-covered accounts in partnership with Coastal Community Bank. Lines of credit are issued by Celtic Bank, a Utah-chartered Industrial Bank. Bluevines states that accounts have… Read More

 Tagged bluevine, eyal lifshitz, neobank

December 1, 2023 @ 8:15 am By Omar Faridi  |  

Lloyds Banking Group is reportedly the first UK bank to adopt fintech platform PrimaryBid’s Fuse platform in order “to expand access to UK capital markets transactions for customers.” This partnership will enable significantly greater participation “for customers of Halifax Share Dealing, Lloyds Bank, Bank of… Read More

 Tagged integration, lloyds, lloyds banking group, primarybid