August 14, 2024 @ 8:15 am By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness “regarding the true cost of their credit card debt in today’s high interest rate environment.” LendingClub conducted a national… Read More

 Tagged banking, credit, digital bank, lendingclub, research

August 14, 2024 @ 8:09 am By Omar Faridi  |  

Pibank, the direct banking solution of Intercredit Bank, has formally launched its U.S. presence with a 5.50% APY high-yield savings account. The direct bank, which already has a robust presence “in Spain and Colombia, will now be offering its high-yield, customer-centric savings products to U.S…. Read More

 Tagged banking, itercredit bank, pibank

August 14, 2024 @ 5:05 am By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly “with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard… Read More

 Tagged cloud, issuer-processor, paymentology, payments

August 13, 2024 @ 10:06 pm By Omar Faridi  |  

Nu Asset, Nubank’s (NYSE: NU) investment fund manager, takes its first steps into exploring the institutional investor segment. This move is part of a distribution agreement established with Itajubá Investimentos Assessores de Investimentos, a key player focused on wholesale market distribution in Brazil. Nu Asset’s… Read More

 Tagged brazil, fund manager, nu asset, nubank

August 13, 2024 @ 10:01 pm By Omar Faridi  |  

Thunes, the Smart Superhighway for money movement around the world, announces it has hit growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end. Thunes’ growth journey is fueled by “demand for its proprietary Direct Global Network for… Read More

 Tagged milestone, payments, thunes

August 13, 2024 @ 10:00 pm By Omar Faridi  |  

Stenn, the working capital digital platform, has partnered with Payyd, a firm focused on dynamic payments technology, to help power growth for Indian exporters. The collaboration delivers access “to Stenn’s innovative invoice financing, providing Payyd’s customers with on-demand capital through converting outstanding invoices into cashflow.”… Read More

 Tagged payments, payyd, stenn, working capital

August 13, 2024 @ 3:02 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) welcomes Jeff Pinner as Chief Technology Officer. Robinhood says they are pleased to announce that Jeff Pinner has now officially “joined Robinhood as Chief Technology Officer (CTO).” Jeff is said to be “a deeply respected innovator who will help us accelerate their… Read More

 Tagged new appointments, robinhood

August 13, 2024 @ 9:38 am By Omar Faridi  |  

KPMG has released two reports, Venture Pulse Q2’24 and Pulse of Fintech H1’24, which show that Ireland is following the global trend with investment up in the broader VC market, investment in fintech, is also up – “bucking the global trend.” 24 venture capital (VC)… Read More

 Tagged fintech adoption, ireland, research

August 13, 2024 @ 7:12 am By Omar Faridi  |  

Nium is expanding its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This continued expansion is a step towards Nium’s commitment to enhancing “the global payments landscape in this strategic region.” This month,… Read More

 Tagged latam, latin america, nium, payments

August 13, 2024 @ 6:11 am By Omar Faridi  |  

KeyCorp (NYSE: KEY) announced it has reached an agreement under which The Bank of Nova Scotia (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing “approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per… Read More

 Tagged bank of nova scotia, banking, investments, keycorp