October 6, 2023 @ 6:54 am By Omar Faridi  |  

Lloyds Bank has released a new Digital ID app with Yoti – Lloyds Bank Smart ID. The app reportedly gives people “a more private, secure and convenient way to prove their age or identity through their mobile phone.” This follows the £10 million investment Lloyds… Read More

 Tagged digital id, digital identity, europe, lloyds, lloyds bank, mobile apps, robin tombs, uk, united kingdom, yoti

October 5, 2023 @ 11:55 pm By Omar Faridi  |  

A spending downturn in the retail and e-commerce sector drove a $2.9 billion YoY nation-wide drop in online spending, according to the Q3 Digital Economy Index from global financial platform Airwallex. The quarterly Airwallex Digital Economy Index “records year-on-year and quarter-on-quarter snapshots of the digital… Read More

 Tagged airwallex, consumer spending, digital commerce, Digital Economy, e-commerce, financial services, fintech adoption, fintech trends, online spending, research, Research Report

October 5, 2023 @ 10:53 pm By Omar Faridi  |  

Toronto-based fintech Clearco announced the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include “a $60M equity raise from existing investors and a new asset-backed financing facility, which provides… Read More

 Tagged americas, canada, clearco, digital commerce, e-commerce, financial services, fintech adoption, fintech trends, growth capital, toronto

October 5, 2023 @ 10:29 pm By Omar Faridi  |  

Lendbuzz, a financial technology company, that uses alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers announces today that they raised $345 million in a combination of $45 million in equity funding and $300 million in… Read More

 Tagged alternative data, digital financial servics, financial technology, fintech trends, investment round, lendbuzz, machine learning, neural networks

October 5, 2023 @ 10:26 pm By Omar Faridi  |  

Vyzer, a digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data “into potent wealth-building strategies and grants… Read More

 Tagged digital financial services, digital wealth management, financial services, fintech adoption, fintech trends, investment round, vc funding, venture capital, vyzer

October 5, 2023 @ 10:23 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions, has expanded its longstanding relationship with Swift by joining the Swift Partner Program as a Platform Partner. As a Partner, Fiserv will “enable connectivity to Swift APIs and enhance support for… Read More

 Tagged Business Expansion, digital financial services, digital technology, financial services, fintech adoption, fintech trends, fiserv, payments, swift

October 5, 2023 @ 12:00 pm By JD Alois  |  

Block (NYSE:SQ), the parent company of Square, may be slashing its employee headcount, according to Job Community Blind. In recent days, a posting was made inquiring about layoffs as a Block recruiter was apparently let go – leaving an aspiring hire in the lurch. Other… Read More

 Tagged blind, block, square

October 5, 2023 @ 11:16 am By JD Alois  |  

  Chase and Bank of America are the big losers when it comes to providing a savings rate for their account holders. Currently both Chase and B of A offer a interest rate on their savings account of a measly 0.01% (APY). What do you… Read More

 Tagged bank of america, banking, chase, raisin, savings

October 5, 2023 @ 10:25 am By Omar Faridi  |  

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

 Tagged brite payments, digital financial services, europe, financial services, fintech adoption, fintech trends, instant payments, investment round, sweden

October 5, 2023 @ 9:58 am By Omar Faridi  |  

The UK’s smallest companies could generate £77.3bn of extra revenue and create 885,000 new jobs if they “all digitalized at the rate of the top 20% of tech adopters.” This is according to new research from Xero, the global small business platform, and economics consultant,… Read More

 Tagged cebr, digital technology, digital transformation, digitalization, europe, insights, research, small businesses, smbs, sme's, uk, united kingdom, xero