November 11, 2023 @ 5:40 pm By Michael Wong  |  

BonEvalue Pte Ltd (BondbloX), a Singapore-based fintech startup that provides easy access to bonds for investors, has secured $6 million in a Series B round. The funding round was backed by Beacon Venture Capital, the corporate venture arm of Thailand’s Kasikornbank. Existing shareholders MassMutual Ventures… Read More

 Tagged bonds, fintech, singapore, venture capital

November 11, 2023 @ 3:22 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that “have created or retained more than 3,000 jobs across 37… Read More

 Tagged bank of america, boa, financial services, financing, small businesses, smbs, sme's, united states, us

November 11, 2023 @ 1:22 pm By Omar Faridi  |  

Instant Financial, the firm focused on the responsible on-demand pay solutions, partnered with HR Dive’s studioID to find out how companies perceive and use earned wage access (EWA) as a benefit to attract, retain and engage employees. The research study found that while many employers… Read More

 Tagged earned wage access, employee satisfaction, ewa, fintech adoption, fintech trends, hr services, human resources, insights, instant financial, on-demand pay, payments, research, survey, tal clark

November 11, 2023 @ 12:45 pm By Omar Faridi  |  

Cost cutting is said to be behind a significant drop in satisfaction levels in 2023, according to a comprehensive update shared by KMPG. The UK’s biggest brands are turning “to artificial intelligence (AI) to develop better customer and colleague experiences,” according to KPMG’s latest Customer… Read More

 Tagged ai, artificial intelligence, Customer Experience, digital financial services, digitalization, europe, financial services, kpmg, kpmg uk, uk, united kingdom

November 11, 2023 @ 12:10 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program (SLCLC Program). The company anticipates approximately $2 billion dollars of loan volume “through the SLCLC Program… Read More

 Tagged atalaya capital management, banking, clarke roberts, justin burns, lending, lendingclub, lendingclub bank, personal loans

November 11, 2023 @ 11:13 am By Omar Faridi  |  

Chargebacks911 and Fi911, the global firm focused on chargeback management technology, has reaffirmed its support of continued discussion “around strategies to reduce the likelihood of friendly fraud, such as the Federal Trade Commission’s (FTC) proposed ‘click-to-cancel’ provision to its 1973 Negative Option Rule.” The provision… Read More

 Tagged chargebacks, chargebacks911, digital transactions, fi911, financial services, monica eaton, united states, us

November 11, 2023 @ 9:11 am By Omar Faridi  |  

With macroeconomic conditions continuing to make it difficult for auto lenders to maintain or increase profitability, all eyes have “turned to digital channels as the most cost-effective and efficient means to do so.” According to the J.D. Power 2023 U.S. Consumer Financing Satisfaction Study, released… Read More

 Tagged consumer behavior, Customer Experience, cx, digital technology, digital transformation, digitalization, insights, J.D. Power, jdpower, research, Research Report, Research Study, united states, us

November 11, 2023 @ 8:49 am By Michael Wong  |  

SEBA Bank, a digital assets bank regulated in Switzerland, has announced that its subsidiary has been granted a license by the Securities and Futures Commission (SFC) in Hong Kong. The development marks the first regulated foray of the SEBA Group into the Asia Pacific market,… Read More

 Tagged digital asset bank, hong kong, seba, seba bank

November 10, 2023 @ 5:33 pm By Omar Faridi  |  

Ripple, the firm enabling enterprise blockchain and crypto solutions, debuted the evolution of its crypto-enabled cross-border payments solution, Ripple Payments, formerly known as RippleNet. Ripple Payments provides the enterprise-grade infrastructure “required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without… Read More

 Tagged cross-border payments, Cross-Border Transactions, Crypto Adoption, crypto-assets, digital assets, distributed ledger technology, dlt, Enterprise Blockchain, fintech adoption, fintech trends, monica long, ripple, ripplenet

November 10, 2023 @ 4:24 pm By Omar Faridi  |  

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

 Tagged argentina, brazil, crypto-assets, Finery Markets, latam, latin america, otc trading, South America, stablecoins, tokenization, trading, transfero