October 17, 2019 @ 2:35 pm By Samantha Hurst  |  

Bill.com, a business payments and software platform provider, announced on Wednesday its new set of offerings designed to help midmarket companies better automate their AP/AR functions and achieve greater operational efficiencies. According to Bill.com, the newly introduced capabilities for the midmarket include support for a centralized,… Read More

 Tagged ap/ar, bill.com, midmarket companies, midmarkets

October 17, 2019 @ 10:20 am By Samantha Hurst  |  

Galileo Financial Technologies, a U.S.-based fintech, announced on Thursday it secured $77 million through its Series A funding round, which was led by Accel with participation from Qualtrics Co-Founder and CEO Ryan Smith.   Founded in 2000, Galileo claims it has grown to become one of… Read More

 Tagged accel, galileo financial technologies, investment, qualtries, ryan smith, series a

October 17, 2019 @ 9:35 am By Omar Faridi  |  

A report from the Bank of England (BoE) notes that the application of machine learning (ML) methods in the financial services sector could enhance routine business processes.  Improved software and hardware and increasing volumes of data have enhanced the pace of ongoing ML development, BoE’s… Read More

 Tagged bank of england, boe, fca, financial conduct authority, financial services, machine learning, ML

October 17, 2019 @ 8:27 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has launched its mobile pay service in the U.S. Paysafe reported that the solution was developed following strong interest from US small and medium-sized businesses (SMBs) in integrating mobile payment apps. Thirty percent of American… Read More

 Tagged expansion, mobile app, paysafe, u.s., united states

October 16, 2019 @ 10:56 pm By Omar Faridi  |  

Robo investment advisors have threatened to make human advisors obsolete and the rise in passive investments may lead to less demand for active management. However, a recent partnership between Betterment and Dimensional Fund Advisors (DFA) indicates that there may still be a need for certain… Read More

 Tagged betterment, Brad Felix, Bryce Skaff, dfa, Dimensional Fund Advisors

October 16, 2019 @ 12:49 pm By Samantha Hurst  |  

Emolize Co., Ltd, a Korean cross-border mobile payment platform, announced on Wednesday it has expanded its global payment services through its mobile app, Payvil, to Hong Kong and Thailand in September 2019, with further expansion reaching about 16 countries by the end of 2019. The… Read More

 Tagged asia, cross border, emolize, hong kong, korea, mobile app, payvil, tng fintech group

October 16, 2019 @ 10:46 am By JD Alois  |  

ID Finance has crowdfunded £1.5 million “within minutes” according to a note from the company. ID Finance is seeking £2 million on Crowdcube. According to the offering page, ID Finance has received the backing of 248 investors hitting  76% of the target raise. ID Finance… Read More

 Tagged crowdcube, id finance, spain

October 16, 2019 @ 10:31 am By Omar Faridi  |  

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

 Tagged bain, digital financial services, google, indonesia, internet, payments, Philippines, singapore, southeast asia, temasek, thailand, vietnam

October 16, 2019 @ 9:04 am By Omar Faridi  |  

Investment in Fintech-related projects in Singapore increased significantly during the first nine months of this year. It was mainly led by fundraising rounds for payment companies and insurtech startups with a shift toward mature firms. As of October 2019, the combined value of Fintech deals… Read More

 Tagged accenture, Divyesh Vithlani, singapore, sopnendu mohanty

October 15, 2019 @ 10:52 pm By JD Alois  |  

Google has banned high-interest rate lenders from the Google Play app store. First reported by WSJ.com, the move was said to be made to protect people from “exploitive personal loan terms.” The report quoted a Google spokesperson: “Our Google Play developer policies are designed to… Read More

 Tagged google, mary jackson, online lenders alliance, payday