March 31, 2023 @ 10:43 am By JD Alois  |  

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

 Tagged banking, digital banking, s&p

March 31, 2023 @ 10:25 am By JD Alois  |  

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

 Tagged lendinvest, mortgages, peter wallis, uk, united kingdom

March 31, 2023 @ 9:27 am By Omar Faridi  |  

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

 Tagged digital ecosystem, finance, finverity, investment round, supply chain finance, trade finance, uk, united kingdom, viacheslav (slava) oganezov, viacheslav oganezov

March 30, 2023 @ 11:00 pm By Omar Faridi  |  

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

 Tagged data, employment data, fintech adoption, fintech trends, income data, lauren crossett, pinwheel, vanessa colella, visa, visa fintech partner connect program

March 30, 2023 @ 10:58 pm By Omar Faridi  |  

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

 Tagged anu somani, bob stark, cloud, digital financial services, finance, financial services, kyriba, payments, real-time payments, san diego, united states, us, us bank

March 30, 2023 @ 9:51 pm By Omar Faridi  |  

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

 Tagged banking, banking software, cable, chris dean, compliance, embedded banking, financial crime, natasha vernier, treasury prime

March 30, 2023 @ 9:35 pm By Omar Faridi  |  

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

 Tagged banking, card payments, digital transactions, financial services, fintech adoption, fintech trends, global issuer-processor, mena, mena region, middle east, paymentology, uae, united arab emirates, wio bank, wio bank pjsc

March 30, 2023 @ 5:55 pm By JD Alois  |  

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

 Tagged office of the comptroller of the currency, Prashant Bhardwaj

March 30, 2023 @ 5:27 pm By Omar Faridi  |  

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

 Tagged alipay, alipay platform, he yongming, service provider partners, update

March 30, 2023 @ 3:42 pm By JD Alois  |  

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

 Tagged block, hindenburg research