January 17, 2025 @ 11:47 am By Omar Faridi  |  

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More

 Tagged airwallex, brazil, Business Expansion, latam, mexico

January 17, 2025 @ 8:40 am By JD Alois  |  

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was sent in response to proposed rulemaking on the accounts. The FTA says it supports the FDIC’s… Read More

 Tagged banking, fdic, financial technology association, fta, regulations

January 17, 2025 @ 7:37 am By Omar Faridi  |  

PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions. UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of… Read More

 Tagged pensionbee, pensions, uk, united kingdom

January 17, 2025 @ 7:36 am By Omar Faridi  |  

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

 Tagged lending, lendinvest, mortgages, uk

January 16, 2025 @ 7:04 pm By Omar Faridi  |  

Eminence Home Care, a home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to “pay bills, spend,… Read More

 Tagged dailypay, earned wage access, ewa, financial wellbeing

January 16, 2025 @ 7:02 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Northeastern University in Vancouver to accelerate cybersecurity innovation and expand Canada’s technology workforce. Through 715,000 CAD, the collab will establish the Mastercard Professorship Fund and the Mastercard Vancouver Scholarship, initiatives designed to advance research and create “opportunities for women, BIPOC… Read More

 Tagged canada, cybersecurity, mastercard, technology workforce

January 16, 2025 @ 5:15 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) latest research finds “shifting preferences” in communication channels and increased investments in AI tools Utilizing data to drive the right approach in a rapidly changing environment is becoming “more impactful to recovery and collections performance than ever.” Those that do will be… Read More

 Tagged research, transunion

January 16, 2025 @ 1:46 pm By Tony Zerucha  |  

CertifID, a provider of wire fraud protection for the real estate industry, announced on Jan. 14 that it acquired Paymints.io, a solution that enables digital money transfers by title companies, law firms, and real estate brokerages. According to the FBI, $1.9 billion in funds have been stolen… Read More

 Tagged CertifID, Jason Doshi, Paymints.io, real estate, tyler adams

January 16, 2025 @ 1:43 pm By Omar Faridi  |  

From a 7-year low in dealmaking to M&A gaining steam, industry researchers break down key changes in the fintech landscape using CBInsights data. Fintech funding and dealmaking declined again year-over-year (YoY) in 2024, hitting their “lowest levels in 7 years,” the report from CBInsights revealed…. Read More

 Tagged Fintech funding, research, startups

January 16, 2025 @ 1:30 pm By JD Alois  |  

A report from online lender Biz2Credit claims that SME earnings cratered during the fourth quarter of 2024. According to the firm, there was a noted decline in activity during December. The Small Business Earnings Report for December 2024 indicates that the average monthly net income was $83,083… Read More

 Tagged biz2credit, research