September 4, 2023 @ 11:45 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking for the global financial services industry, announced financial results for the second quarter of fiscal year 2024, ended July 31, 2023. Pierre Naudé, Chairman and CEO of nCino, said: “We are very… Read More

 Tagged banking, cloud, cloud banking, financial services, nCino, pierre naude, progress report

September 4, 2023 @ 4:37 pm By Omar Faridi  |  

Nada, a wealthtech platform, says that it is focused on unlocking the $20T home equity market for homeowners & investors. This wealthtech platform has raised $8M+ from VCs and around 3k+ individuals (LiveOak, Revolution, Capital Factory). This platform released “Cityfunds,” which is described as “the… Read More

 Tagged nada, wealthtech

September 4, 2023 @ 12:52 pm By Michael Wong  |  

Ivy, the company providing a global API for instant bank transfers, has successfully secured $20 million in a Series A investment round led by Valar Ventures. This development follows a $7.7 million seed round led by Creandum just a few months prior. “The rapid succession… Read More

 Tagged api, bank transfers, germany, ivy, payments, valar ventures

September 4, 2023 @ 12:15 pm By Omar Faridi  |  

A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More

 Tagged consumer behavior, credit unions, experian, financing, lending, loans, Research Report, united states, us, vehicle financing

September 4, 2023 @ 11:29 am By JD Alois  |  

FCA-licensed payments platform Clear Junction has acquired crypto firm Altalix, according to a company statement. Clear Junction states that the acquisition makes it one of the few companies that possess both an EMI (e-Money) license and a crypto-asset registration. Altalix is a UK-based Fintech company… Read More

 Tagged clear junction, dima kats, payments, uk, united kingdom

September 4, 2023 @ 10:45 am By Tony Zerucha  |  

ACE Money Transfer, a Fintech company based out of Manchester, United Kingdom, has announced an enhanced partnership with Pakistani commercial institution Bank Alfalah. The union will enable overseas Pakistanis to remit money back home. ACE Money Transfer allows expatriates to send money from 28 countries… Read More

 Tagged ACE Money Transfer, Bank Alfalah, money transfer, pakistan, remittances

September 4, 2023 @ 10:09 am By Omar Faridi  |  

As more countries implement real-time payments rails (including the U.S. in July with FedNow), the next big frontier in the industry is the race to develop the best real-time cross-border payments solutions. ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments solutions, can speak… Read More

 Tagged aci worldwide, cross-border payments, fednow, fintech adoption, fintech trends, instant payments, real-time payments, real-time transactions, women changing finance

September 4, 2023 @ 9:59 am By Omar Faridi  |  

MoonPay –a Web3 infrastructure company – announced the launch of its investment arm, MoonPay Ventures. The new division enables MoonPay “to collaborate with and support trailblazing startups to drive industry-wide value and onboard the world to Web3.” MoonPay Ventures will engage “with early-stage companies across… Read More

 Tagged moonpay, Web3

September 4, 2023 @ 9:55 am By Tony Zerucha  |  

The Securities Commission Malaysia this week has announced the first group of award recipients for its Digital Innovation Fund. The Digital Innovation Fund was established to co-fund innovative projects that demonstrate the use of technology to allow new and competitive propositions in the Malaysian capital market. It… Read More

 Tagged malaysia, securities commission malaysia

September 4, 2023 @ 9:51 am By Michael Wong  |  

International Finance Corporation (IFC), a member of the World Bank Group, and Nepal Rastra Bank (NRB) formalized an agreement to strengthen the fintech ecosystem in Nepal, focusing on increasing the adoption of electronic payments and fostering innovation in digital financial services. This collaboration is part… Read More

 Tagged digital financial services, electronic payments, fintech, ifc, international finance corporation, nepal, nepal rastra bank, world bank