May 23, 2024 @ 3:00 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement, in Q1 2024, of “a $350 million personal loan securitization” exclusively with funds and accounts… Read More

 Tagged digital financial services, pgim fixed income, securitization, sofi

May 23, 2024 @ 1:22 pm By Omar Faridi  |  

Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America‘s (NYSE: BAC) 14th annual Workplace Benefits Report, “The Resurging Workforce.” Conducted in partnership with Bank of America Institute, the report also “found… Read More

 Tagged americans, bank of america, Research Report, wellness

May 23, 2024 @ 12:01 pm By Omar Faridi  |  

FairPlay, a Fairness-as-a-Service company, announced a customer relationship with Chime, a financial technology platform founded on the belief that everyday people deserve access to helpful, transparent and fair banking services to unlock financial progress. Chime will implement FairPlay’s solutions in “the underwriting models powering the… Read More

 Tagged ai, artificial intelligence, chime, financial services

May 23, 2024 @ 11:12 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features “include business financing through Stripe Capital, lower-cost… Read More

 Tagged financial infrastructure, stripe, uk, united kingdom

May 23, 2024 @ 10:44 am By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More

 Tagged AFC, american fintech council, bnpl, cfpb, dorsey and whitney, erin bryan, financial technology association, penny lee, Phil Goldfeder, rohit chopra

May 23, 2024 @ 8:56 am By JD Alois  |  

Paris-based payments Fintech Mangopay has hired Jonathan Greenland as Sales Director, Strategic Accounts UK&I. Greenland previously was an executive at Airwallex. Mangpay says the move is designed to boost its presence in the UK. Prior to Airwallex, Greenland worked at GoCardless, another UK Fintech. In… Read More

 Tagged mangopay, payments, uk, united kingdom

May 23, 2024 @ 8:40 am By Omar Faridi  |  

After years at the forefront of projects and research based on artificial intelligence (AI), BBVA takes a “decisive step” in the use of generative AI in its main markets. On the one hand, it has prioritized “around 100 projects that will be developed with different… Read More

 Tagged ai, artificial intelligence, bbva, openai, spain

May 23, 2024 @ 8:32 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) is making a major shift in how we offer margin investing to better serve our customers on their financial journey. Robinhood notes in a blog post that it is pleased to launch what they claim to be “the lowest margin rates among  brokerages,… Read More

 Tagged financial services, margin, robinhood

May 23, 2024 @ 8:26 am By Omar Faridi  |  

Fraud remains a major problem as over £1 billion is stolen by criminals in 2023, according to an update from UK Finance. UK Finance recently released its 2024 annual fraud report, “detailing the amount its members reported as stolen through payment fraud and scams in… Read More

 Tagged scams, uk, uk finance, united kingdom

May 23, 2024 @ 8:18 am By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses “a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account,… Read More

 Tagged alchemy pay, Crypto Adoption, digital transactions, payments, Web3