July 14, 2024 @ 9:32 pm By Omar Faridi  |  

Griffin, the UK’s bank for fintechs, is pleased to announce that it is now a certified B Corp – the global community of companies committed to high standards of social and environmental performance, transparency, and accountability. This milestone reinforces Griffin’s dedication to “embedding sustainable and… Read More

 Tagged b-corp, certification, griffin, uk, united kingdom

July 14, 2024 @ 8:45 pm By Omar Faridi  |  

Envestnet, Inc. (NYSE: ENV), a provider of integrated technology, intelligent data and wealth solutions, announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the company at $4.5 billion ($63.15 per share). Reverence Capital also agreed… Read More

 Tagged acquisition, bain capital, data, envestnet

July 14, 2024 @ 6:51 pm By Omar Faridi  |  

Partior, a fintech company with global unified ledger-based interbank rails for real-time clearing and settlement, has announced the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and… Read More

 Tagged clearing, partior, settlement, valor capital

July 14, 2024 @ 3:35 pm By Omar Faridi  |  

The embedded finance market is now ranking and evolving, according to an update shared by CBInsights. The report notes that this is taking place where integrated financial services are maturing, emerging, and plateauing. This latest research report uses the CB Insights TECH Framework in order… Read More

 Tagged bnpl, cbinsights, embedded finance, financial services, research

July 14, 2024 @ 3:30 pm By Omar Faridi  |  

LexisNexis Risk Solutions released a study evaluating how financial institutions (FIs) detect and mitigate authorized transfer scams, where fraudsters manipulate or deceive account holders to transfer funds to them. The study, Defend Against Authorized Transfer Scams, finds “that fraud risk and mitigation strategy leaders at… Read More

 Tagged fraud, Lexis Nexis, lexisnexis risk solutions, scams

July 14, 2024 @ 3:29 pm By Michael Wong  |  

The United Nations Development Programme (UNDP) together with the timbuktoo Africa Innovation Foundation inaugurated the Fintech timbuktoo Hub in Lagos early this week. This pioneering facility, the first of its kind on the continent, aims to stimulate innovation, encourage collaboration, and expedite growth within the… Read More

 Tagged africa, fintech, Fintech timbuktoo Hub, nigeria, Timbuktoo, UNDP

July 14, 2024 @ 12:24 pm By Michael Wong  |  

WeBank, a pioneering Fintech giant, says it has established its new global headquarters in Hong Kong. The headquarters is expected to primarily focus on research and development (R&D) and the commercialization of technological solutions aimed at international markets, according to an announcement. The decision to… Read More

 Tagged banking, digital bank, fintech, hong kong, webank

July 14, 2024 @ 12:22 pm By Omar Faridi  |  

Cross-border payments are becoming increasingly important to international economies. Around 63% of global consumers use international real-time payments (RTPs) services to send money to family and friends and 51% use them only to pay for goods and services, according to the 2024 Financial Services Consumer… Read More

 Tagged cross-border payments, payments, research

July 14, 2024 @ 12:21 pm By Omar Faridi  |  

Bridgewise, a financial research intelligence platform for global securities, has revealed a new fund analysis solution that aims to provide deeper levels of detail into funds and their underlying assets. Powered by AI, including machine learning and advanced language models, Bridgewise will enable deep analysis… Read More

 Tagged analysis, bridgewise, research intelligence, securities

July 14, 2024 @ 12:19 pm By Michael Wong  |  

European banking giant BNP Paribas announced that it has launched the BNP Paribas Cross Asset Trend and AI Index in Brazil in partnership with AI-driven investment solutions company QuantumStreet AI. The newly launched index marries traditional trend-based investment strategies with advanced AI technology provided by… Read More

 Tagged AI Index, bnp paribas, brazil, Cross Asset Trend, fintech index, QuantumStreet AI