B2B AR Automation Fintech Billtrust Surpasses $100B in Payments Volume by Omar Faridi

Private equity investment in banking sector down more than half in 2022 but Some Fintechs Getting Funded: S&P

Private equity investment in the banking sector was down by more than half in 2022, according to a recent report provided by S&P Global Market Intelligence. The drop in PE and VC money was driven by the obvious economic decline and rising interest rates. The… Read More

LendInvest Announces Mortgage Tech Meetup Series Chatting About Trends

LendInvest has launched a new Mortgage Tech Meetup event series to discuss the future of mortgage technology.  The inaugural session will focus on key trends in Mortgage Technology in 2023 and the Future of Lending. The discussion is expected to be centered on the state… Read More

Supply Chain Finance Firm Finverity Finalizes $5M in Equity Funding as Revenues Grow Steadily

Finverity, the digital ecosystem for trade and supply chain finance, announces it has raised $5 million in an equity funding round from new and current investors. New investors reportedly “include London-based Fintech specialist Outward, Amsterdam-based Acrobator Ventures and US-based s16vc founders fund with follow-on investments… Read More

Income Data Provider Pinwheel Joins Visa Fintech Partner Connect Program

Pinwheel, the provider of income and employment data provider engineered for fintech innovation, joined the Visa Fintech Partner Connect program. Visa Fintech Partner Connect participants “are Visa Ready certified by Visa and trusted by the global payments ecosystem to help technology companies build and launch… Read More

Finance Solution Provider Kyriba, U.S. Bank Support Real-Time Payment Enablement for Businesses

Kyriba, a global firm focused on cloud-based finance solutions, and U.S. Bank announced that they are working together “to ease the process of enabling real-time payments for businesses.” With new API-powered payment connectors, clients of both U.S. Bank and Kyriba can now easily “send instant… Read More

Embedded Banking Firm Treasury Prime, Cable to Provide Automated Financial Crime Compliance Monitoring Offerings

Treasury Prime, an embedded banking software platform, announced a partnership with Cable, an all-in-one financial crime compliance effectiveness testing platform, “to enhance compliance assurance and testing capabilities for Treasury Prime customers.” Through this partnership with Cable, companies and banks working with Treasury Prime “can access… Read More

Fintech Paymentology, Wio Bank PJSC to Streamline Banking Operations Across the UAE

Paymentology, the global issuer-processor, has joined forces with Wio Bank PJSC, the region’s first platform bank, “to power its innovative banking model with customer-centric card payment services.” Wio Bank PJSC is leveraging Paymentology’s in-cloud card issuing platform and data analytics capabilities “to launch financial products… Read More

The Office of the Comptroller of the Currency Creates Office of Fintech

The Office of the Comptroller of the Currency (OCC) has created the Office of Financial Technology (Fintech). At the same time, the OCC has appointed Prashant Bhardwaj to lead the office as Deputy Comptroller and Chief Financial Technology Officer. This is not the first time… Read More

Alipay Platform Pledges $1.45B in Incentives to Support Service Provider Partners

The Alipay platform announced an incentive plan worth 10 billion RMB (approximately 1.45 billion USD) to further support its service provider partners (ISVs). The ISVs are independent software vendors that “utilize Alipay’s digital capabilities to create solutions for merchants, such as mobile food ordering, digital… Read More

Block Responds to Short Seller Hindeburg’s Damning Allegations: “Factually inaccurate”

Last week Block (NASDAQ:SQ) fired back at noted short-seller Hindenburg Research’s hit piece that lambasted the Fintech’s operations. The report by Hindenburg did not mince words describing Block as having embraced one traditionally very “underbanked” segment of the population: criminals. Block quickly responded, stating that… Read More

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