December 2, 2022 @ 5:54 pm By Omar Faridi  |  

A chargeback is the formal process initiated when a cardholder disputes a payment – “often leading to the cardholder being reimbursed directly by their issuing bank, which then obtains the funds from the merchant,” according to an update from Chargebacks 911. The update further noted… Read More

 Tagged amadeus, chargeback, chargebacks, chargebacks911, damian alonso, digital transactions, fintech adoption, fintech trends, monica eaton, Payment Cards, payments, transaction disputes

December 2, 2022 @ 3:53 pm By Omar Faridi  |  

Regtech startup docStribute has joined the Mia-Platform Partner Network. Effective immediately, docStribute solutions will be “available to businesses on the Mia-Platform Marketplace.” docStribute  uses “a distributed ledger application that utilizes a decentralized public network known as hashgraph, a secure, shared database that everyone can read… Read More

 Tagged bruno natoli, chris ansara, docstribute, europe, london, mia-platform partner network, regtech, regulatory technology, uk, united kingdom

December 2, 2022 @ 12:43 pm By JD Alois  |  

Tweeq, a Saudi Fintech, has become one of the first Fintechs in the Kingdom to receive an e-money license from The Saudi Central Bank (SAMA). The e-Money license from SAMA will allow Tweeq to launch a “super app” providing neobank features and services tailored to… Read More

 Tagged neobank, paymentology, rowan brewer, Saeed Al-Bahairi, saudi arabia, tweeq

December 2, 2022 @ 12:33 pm By Omar Faridi  |  

Finastra announced that Clinc, the conversational AI specialist serving global financial institutions, will “deliver its Virtual Banking Assistant technology fully integrated within Finastra’s Fusion Digital Banking platform.” The application “enables Finastra’s bank and credit union customers, utilizing Fusion Digital Banking as their digital platform, to… Read More

 Tagged ai, artificial intelligence, clinc, conversational ai, digital banking assistant technology, digital technology, digital transformation, digitalization, financial institutions, finastra, fusion digital banking platform, integration, jon newhard, narendra mistry, virtual banking

December 2, 2022 @ 12:30 pm By JD Alois  |  

The Financial Technology Association (FTA) has selected Leigh Lytle, head of North American Policy at Plaid, as the 2023 Chair of the FTA Board of Directors. Before joining Plaid, Lytle spent more than 15 years at the Federal Reserve Bank of San Francisco. According to… Read More

 Tagged financial technology association, fta, leigh lytle, penny lee, plaid

December 2, 2022 @ 10:08 am By Omar Faridi  |  

Decimal, a Fintech company offering bookkeeping and accounting operations for small and medium-sized businesses (SMBs),  announced it “has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark, owned by Big Four tax, accounting and advisory firm KPMG LLP.” Financial terms “were not… Read More

 Tagged accounting, acquisition, bookkeeping, cloud, decimal, digital financial services, financial services, fintech adoption, fintech trends, kpmg, matt tait, rema serafi, saas, small businesses, smbs, sme's, software as a service, tax

December 2, 2022 @ 8:20 am By JD Alois  |  

LendingClub  (NYSE: LC) has agreed to acquire a $1.05 billion loan portfolio of personal loans that became available following US Bancorp’s acquisition of MUFG Union Bank’s core regional banking franchise. The loans were originated on the LendingClub platform. On September 21, 2021, MUFG and MUFG… Read More

 Tagged lendingclub, mufg, scott sanborn, us bancorp

December 1, 2022 @ 11:17 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has granted a license to MetaComp Pte. Ltd. (f.k.a. Cyberdyne Tech Services Pte. Ltd) “to provide digital payment token services as a Major Payment Institution.” Effective December 2022, MetaComp has been “granted a license under the Payment Services Act,… Read More

December 1, 2022 @ 10:27 pm By Omar Faridi  |  

Inflation is taking its toll on America’s healthcare workers, according to an update from DailyPay. A recent Harris Poll, “among over 2,000 U.S. adults of which nearly 200 are healthcare workers, commissioned by IntelyCare and DailyPay reveals that a majority of healthcare workers across the… Read More

 Tagged consumer behavior, dailypay, david coppins, financial services, financial stress, financial wellbeing, harris poll, healthcare, healthcare workers, inflation, mental health, research, survey, united states, us

December 1, 2022 @ 10:09 pm By Omar Faridi  |  

The Securities Lending market is large — “with more than $2.7 trillion in assets on loan as of 2021 and revenue of $5.45 billion, an increase of 19% year over year,” according to an update shared with CI. Its major function of “facilitating lending and… Read More

 Tagged atlas, clear street, proprietary trading, securities, securities lending market, trading