July 25, 2017 @ 11:51 am By Erin Hobey  |  

U.S. electronic cash transaction network PayNearMe has partnered with Blackhawk Network (NASDAQ:HAWK), a global fintech company specializing in connecting brands and people through branded value solutions. PayNearMe now offers consumers the ability to pay with cash for rent, bills, online purchases and other goods and… Read More

 Tagged blackhawk network, danny shader, dave tate, electronic cash transaction network, mobile wallet

July 25, 2017 @ 11:32 am By Erin Hobey  |  

DailyPay, a financial solutions company that aims to reduce employee turnover and increase retention through instant access to wages, today announced its one millionth payment made through the company’s platform. DailyPay experienced a rapid growth trajectory with its customer base growing at 30 percent month… Read More

 Tagged emoji payment, jason lee

July 25, 2017 @ 11:14 am By Erin Hobey  |  

Morgan Stanley Investment Management (NYSE: MS) has invested in iCapital Network, a fintech platform that aims to democratize alternative investments for high-net-worth individuals and their financial advisors. Morgan Stanley’s investment, together with investments from UBS Financial Services, Inc. (NYSE: UBS) and lead investor BlackRock (NYSE:… Read More

 Tagged alternative investments, dan simkowitz, lawrence calcano, morgan stanley investment management

July 25, 2017 @ 10:56 am By Erin Hobey  |  

UK SME lender Growth Street has brought on board a new Director of Sales, Head of Relationship Management and Business Development Manager as the firm’s expansion continues. The new appointments bring a wealth of sector experience to Growth Street. Chan Purewal, formerly of Boost Capital and… Read More

 Tagged chan purewal, chris weller, nick owers, nicola weedall, sme lending

July 25, 2017 @ 10:29 am By Samantha Hurst  |  

Credit score firm Aire recently secured $5 million during its Series A funding round led by Sunstone Capital with participation from White Star Capital. The company states it gives people a new credit to help them qualify for essential financial products. It is authorized and… Read More

 Tagged aire, aneesh varma, sunstone capital, toyota financial services, yacine ghalim, zopa

July 25, 2017 @ 9:00 am By JD Alois  |  

  Bootstrap Legal is a new Legaltech and Fintech startup that has officially launched today. Bootstrap Legal is a software service that automates the drafting of complex legal documents for smaller real estate projects. The service was luanched in recognition of the fast changing world… Read More

 Tagged amy wan, bootstrap legal, legal, legaltech

July 25, 2017 @ 8:20 am By JD Alois  |  

Banco BNI Europa, a digital challenger bank based in Portugal, has announced it has reached profitability in the first half of 2017, its third year in operation. Banco BNI Europa said its total assets grew 36.7% reaching almost €500 million in June this year. Total… Read More

 Tagged banking, bni europa, challenger bank, online lending, pedro coelho, portugal

July 25, 2017 @ 8:00 am By JD Alois  |  

Varo Money has applied for a national bank charter from the Office of the Comptroller of the Currency (OCC) and with the Federal Deposit Insurance Corporation (FDIC) for federal deposit insurance. This is the next step in creating a digital only challenger bank (Varo Bank) that… Read More

 Tagged app, bancorp, banking charter, challenger bank, colin walsh, david coulter, fdic, occ, varo bank, varo money, warburg pincus

July 24, 2017 @ 2:15 pm By Samantha Hurst  |  

Synechron, global financial services consulting and technology services provider, announced the opening of its New York City office and fintech lab, also known as Financial Innovation Labs (FinLabs). According to Synechron, FinLabs act as an innovation showcase to enable businesses to touch, feel and experience first-hand the latest… Read More

 Tagged david horton, faisal husain, new york city, synechron

July 24, 2017 @ 1:46 pm By JD Alois  |  

Last week, the Independent Community Bankers of America  (ICBA) sent a letter to the attention of Kathy Moe, Regional Director of the FDIC in San Francisco. The subject of the letter was the ICBA’s vehement opposition to Fintech darling SoFi’s effort to become a licensed… Read More

 Tagged banking, christopher cole, fdic, icba, ilc, independent community bankers of america, industrial loan charter, kathy moe, sofi