July 25, 2024 @ 12:24 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is now targeting transaction fees on school lunches.  The CFPB pointed to the approximately 20 companies offering services to school districts nationwide. According to their data, transaction fees average 4.4% of the purchase or around $2.37. While this may… Read More

 Tagged cfpb, consumer financial protection bureau

July 25, 2024 @ 12:06 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has added joint brokerage accounts as a feature for their account holders. In a blog post, Robinhood said joint accounts “make investing more collaborative for families and loved ones,” explaining that funds can be combined and thus boost investment holdings. Steve Quirk, Chief… Read More

 Tagged robinhood

July 25, 2024 @ 11:09 am By Omar Faridi  |  

U.S. Bank introduced a comprehensive accounts receivable (AR) platform to help suppliers accelerate cash flow, cut costs through automation and deliver better payment experiences. Created in partnership with Billtrust, U.S. Bank Advanced Receivables “brings together the bank’s leading payment and risk management capabilities with Billtrust’s… Read More

 Tagged accounts receivable, automation, billtrust, u.s. bank

July 25, 2024 @ 9:36 am By Omar Faridi  |  

Revolut has received a UK banking license. The global Fintech now enters the PRA’s ‘mobilization’ stage, “having received authorization with restrictions, designed for new banks to complete the build out of their banking operations.” During this mobilization stage nothing changes for Revolut UK customers. Revolut,… Read More

 Tagged banking, banking license, digital bank, revolut, uk, united kingdom

July 25, 2024 @ 6:38 am By Omar Faridi  |  

On 18th July 2024, a large number of Windows users found themselves caught in what’s being called the “largest IT outage in history.”  Crowdstrike (NASDAQ:CRWD), an IT cyber protection firm, stumbled in an update that caused a global outage. Shares in the firm have dropped… Read More

 Tagged crowdstrike, juniper research, research

July 25, 2024 @ 5:00 am By Omar Faridi  |  

Maybank, a partner to two-thirds of Malaysia’s 1.2 million SMEs, has taken a significant step forward in empowering them by automating bookkeeping. This innovative solution frees them to focus “on their core business and allows for a more efficient way of managing their finances, seamlessly… Read More

 Tagged automation, malaysia, maybank, sme's

July 24, 2024 @ 4:18 pm By Omar Faridi  |  

Three in five people believe that the U.S. is currently in a recession, even though we’re not in one officially, according to new research from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The survey of 2,000 Americans explored… Read More

 Tagged affirm, recession, research

July 24, 2024 @ 12:38 pm By Omar Faridi  |  

Smart Pension has released a report entitled, “Delivery 2030: A blueprint to transform the UK pension system, deliver the future of retirement and leave no saver behind.” Jamie Fiveash, CEO, Smart Pension UK said: “Today’s workers are navigating the biggest shift in demographics for many… Read More

 Tagged pensions, smart pension, uk, united kingdom

July 24, 2024 @ 12:37 pm By Omar Faridi  |  

British Business Investments announces a further commitment to Claret Capital Partners Limited, with a new co-investment fund. The fund will invest in high-growth technology enabled smaller businesses across the UK. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve… Read More

 Tagged british business investments, claret capital partners, uk, united kingdom

July 24, 2024 @ 11:00 am By Omar Faridi  |  

  We recently connected with Kelvin Tan, CEO of audax, a corporate venture backed by Standard Chartered Bank. Before transitioning to a full-time career as an entrepreneur, Kelvin held multiple roles at Standard Chartered Bank — from Transaction Banking to Retail Products and Payments to… Read More

 Tagged audax, banking, fintech adoption, fintech trends, interview, kelvin tan, singapore, standard chartered