October 25, 2024 @ 4:10 pm By Omar Faridi  |  

Consumers are not holding back on holiday spending this year – but they are taking a “more deliberate approach” to the purchases they make, according to  research from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The research study,… Read More

 Tagged affirm, bnpl, fintech trends

October 25, 2024 @ 4:09 pm By Omar Faridi  |  

DailyPay, Inc., a worktech company and provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The commitment doubles Citi’s commitment from $100 million to $200 million. DailyPay‘s total revolving secured debt… Read More

 Tagged dailypay, earned wage access, ewa

October 25, 2024 @ 11:28 am By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, released a report exploring the opportunities and challenges tied to embedded finance – the practice of platforms, marketplaces, and software companies integrating user-friendly financial services within their existing offerings. Airwallex’s survey of 200 enterprise decision-makers… Read More

 Tagged airwallex, embedded finance, payments, research

October 25, 2024 @ 10:27 am By JD Alois  |  

LendingClub (NYSE:LC), one of a handful of pure-play digital banks, saw its shares hit a new 52-week high yesterday before retreating towards the end of the day following its Q3 earnings announcement. Shares are trading higher again in early morning trading. LendingClub has undergone a… Read More

 Tagged banking, digital bank, lendingclub

October 25, 2024 @ 8:30 am By Omar Faridi  |  

Mastercard (NYSE: MA) has reportedly announced the expansion of its Product Express platform in an effort to help fintechs accelerate the launch of new card programs and other payment solutions. After the roll-out in Latin America earlier in 2024, Product Express now enables fintechs to… Read More

 Tagged digital technology, fintech adoption, mastercard, payments

October 24, 2024 @ 10:37 pm By Omar Faridi  |  

Nium, the infrastructure for real-time cross-border payments, has recently announced that financial institutions are now able to leverage the Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. This connection provides a cost-effective solution for financial institutions to connect… Read More

 Tagged Cross-Border Transactions, international payments, nium, payments, swift

October 24, 2024 @ 10:05 pm By Omar Faridi  |  

The UK’s Pensions Minister has recently announced a prioritization of the Moneyhelper Dashboard launch, with a further delay to the launch of commercial dashboards. Becky O’Connor, Director of Public Affairs of PensionBee, commented that while it’s encouraging to see the UK Government’s continued commitment to… Read More

 Tagged online pension provider, pensionbee, uk, united kingdom

October 24, 2024 @ 8:10 pm By Omar Faridi  |  

Thunes, the so-called “Smart Superhighway” to move money around the world, has recnetly announced its Direct Global Network now provides banks with access to more than 3 billion mobile wallets across the globe via their existing Swift connectivity. Thunes’ network capability allows financial institutions connected… Read More

October 24, 2024 @ 8:05 pm By Omar Faridi  |  

Criminals appear to be reverting to old-school tactics but with certain new twists, according to payments company Visa’s (NYSE: V) State of Scams Report. The latest Visa Threats Report highlights “emerging” scams targeting consumers, merchants and financial institutions. Ahead of Money20/20 US, Visa, a global… Read More

 Tagged fraud, payments, research, scams, visa

October 24, 2024 @ 8:04 pm By Omar Faridi  |  

Research and key insights released by Adyen (ADYEN:AMS), the global financial technology platform of for international businesses, reveals 40% of consumers have already, or are planning to, “unsubscribe” from services and products they’ve set up recurring payments with over the “next 12 months.” The data… Read More

 Tagged adyen, consumer behavior, financial planning, financial services, Research Study