June 13, 2021 @ 9:10 am By Omar Faridi  |  

The topic of banks vs. Fintech firms has been “another hot one as of late,” the team at Fintech Current notes in an update while adding that with court rulings, the questioning of banking execs on Capitol Hill has been ongoing. And, if you have… Read More

 Tagged banking, current, customer service, cx, digital banking, floyd mayweather, logan paul, new york, new york city, nyc, united states, us, user experience

June 12, 2021 @ 8:34 pm By Omar Faridi  |  

New York-based Clair, an earned wage firm for gig economy workers and technology contractors, has finalized a $15 million Series A round that was led by Thrive Capital. Clair’s latest investment round brings the Fintech firm’s total funding to $19.5 million. The company’s seed round… Read More

 Tagged clair, earned wage access, investment round, new york, nico simko, payday loans, salary advance, thrive capital, united states, upfront ventures, us

June 12, 2021 @ 7:24 pm By Omar Faridi  |  

Line has reportedly introduced its third digital banking platform in Southeast Asia through a partnership with PT Bank KEB Hana Indonesia. The introduction of the smartphone-only bank in Indonesia has come after similar launches in Taiwan and Thailand. The partnership between Line and Hana Bank… Read More

 Tagged banking, digital bank, digital banking, digital financial services, financial services, indonesia, line, mizuho, pt bank keb hana indonesia, southeast asia, virtual bank, young eun kim

June 12, 2021 @ 7:21 pm By Omar Faridi  |  

Mastercard (NYSE: MA) revealed on Friday (June 11, 2021) that it has finalized its acquisition of Ekata, a provider of identity verification services that assist companies or businesses with making informed decisions when opening online accounts, conducting payments and handling various other digital interactions. Ajay… Read More

 Tagged acquisition, ajay bhalla, Customer Experience, cx, Digital Economy, digital financial services, digital identity, digital transactions, ekata, financial services, fraud protection, id verification, mastercard, online identity

June 12, 2021 @ 10:59 am By Xu Gao  |  

National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to… Read More

 Tagged bsn, bytedance, cbdc, china, hkma, hong kong, red date technology, weiyangx, xu gao

June 12, 2021 @ 10:42 am By Omar Faridi  |  

The Bank for International Settlements (BIS) and the Bank of England (BoE) revealed on June 11, 2021, that they’ve introduced the BIS Innovation Hub London Centre, which is notably the fourth Innovation Hub Centre to have been launched in the last couple years. The BIS… Read More

 Tagged agustin carstens, andrew bailey, bank of international settlements, Benoit Coeure, bis, europe, london, rishi sunak, uk, united kingdom

June 12, 2021 @ 10:25 am By JD Alois  |  

Hello Alice, a platform for helping small businesses grow their businesses, has raised $21 million in a Series B funding round led by QED Investors. Founded by Elizabeth Gore and Carolyn Rodz, the company has now raised $30 million in funding. Speaking with Crunchbase, Rodz… Read More

 Tagged carolyn rodz, elizabeth gore, frank rotman, hello alice, qed investors

June 11, 2021 @ 12:57 pm By Omar Faridi  |  

Luxembourg-based Fintech Finologee has reportedly created a hosted system that offers API end-points in order to automate payments and support secure web interfaces which improve workflows and data visualization while establishing a direct connection to the SWIFT network. The product’s development has been supported by… Read More

 Tagged apis, automated workflows, automation, crédit agricole life insurance europe, digital payments, europe, finologee, franz fayout, luxembourg, payments, pierre gramegna, raoul mulheims, swift network

June 11, 2021 @ 11:53 am By Omar Faridi  |  

Osome, a three-year-old Super App that digitizes accounting and compliance services for small businesses, has secured $16 million through a Series A round that received contributions from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong (who joined… Read More

 Tagged altaIR capital, compliance, hong kong, igor ryabenkiy, investment round, mike lobanov, osome, singapore, small businesses, smbs, sme's, uk, united kingdom, victor lysenko

June 11, 2021 @ 10:25 am By Omar Faridi  |  

The innovation and ventures division at Standard Chartered (LON: STAN) has teamed up with fund manager Franklin Templeton in order to introduce a “wealth, health and lifestyle” consumer platform for Singapore residents. Excited to announce our partnership with @FTI_Global to launch Autumn in SG, a… Read More

 Tagged alex manson, autumn, europe, financial literacy, financial planning, financial wellbeing, franklin templeton, harshendu bindal, hong kong, london, mike kruger, sc ventures, singapore, standard chartered, uk, united kingdom, wealth management