May 14, 2024 @ 9:18 am By Tony Zerucha  |  

Sift, an AI-powered fraud platform, this week released trend data for two new fraud metrics in the Fraud Industry Benchmarking Resource. The Fraud Industry Benchmarking Resource is powered by Sift’s Global Data Network, which analyzes more than one trillion events and identity signals per year…. Read More

 Tagged armen najarian, fraud, Fraud Industry Benchmarking Resource, sift

May 14, 2024 @ 8:32 am By Omar Faridi  |  

Business activity continued to rise across almost all UK nations and regions during April, latest Regional PMI survey data from NatWest showed. Just half of areas saw an increase in employment, however, with businesses “facing a sharp, wage-led rise in costs.” The PMI Business Activity… Read More

 Tagged business activity, natwest group, uk, united kingdom

May 14, 2024 @ 8:31 am By Omar Faridi  |  

UK Finance releases its latest mortgage arrears and possessions data for Q1 2024, while highlighting continuing lender support for customers The number of homeowner mortgages in arrears “rose slightly (three per cent) in Q1 2024 compared to the previous quarter,” in line with UK Finance’s… Read More

 Tagged mortgages, uk, uk finance, united kingdom

May 13, 2024 @ 10:59 pm By Tony Zerucha  |  

This week, FutureMoney announced the launch of their tech-enabled micro-investing platform that helps everyday families create generational wealth and give their kids a head start on building a nest egg. Through compounding returns and an app, FutureMoney enables parents to establish an account for their… Read More

 Tagged Dave Fortin, FutureMoney, micro investing, Philip Barrar, Roth IRA

May 13, 2024 @ 10:57 pm By Omar Faridi  |  

Payment cards remain the most preferred payment tool for e-commerce purchases in South Korea, collectively accounting for over half (54%) of the total e-commerce payments in 2023, signifying a strong preference for secure and convenient transactions among the online shoppers, finds GlobalData, a data and… Read More

 Tagged Payment Cards, payments, research, south korea

May 13, 2024 @ 7:07 pm By Michael Wong  |  

CIFDAQ, a Fintech company specializing in a comprehensive array of blockchain-based services, announced the inauguration of its operations across India, with a strategic aim to harness the potential of the nation’s burgeoning digital finance sector. Founded with the vision to streamline blockchain applications for mainstream… Read More

 Tagged CIFDAQ, india

May 13, 2024 @ 5:06 pm By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers,  announced financial results for the first quarter ended March 31, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange, said: “We… Read More

 Tagged accounts payable, avidxchange, fintech adoption

May 13, 2024 @ 12:21 pm By JD Alois  |  

Top Fintech VC firm QED Investors has participated in a funding round of Aplazo, a Mexico-based buy now pay later (BNPL) firm. According to a release, Aplazo has closed on an additional $70 million in funding inclusive of a $45 million Series B round. QED… Read More

 Tagged aplazo, bnpl, buy now pay later, latam, mexico, qed, qed investors

May 13, 2024 @ 12:01 pm By Tony Zerucha  |  

This week, the American Fintech Council, an industry association representing fintech companies that deliver critical access to safe and affordable financial services, issued a statement supporting the Joint Agency Third Party Risk Management Guide for Community Banks, a document that helps community banks navigate fintech… Read More

 Tagged american fintech council, community banks, FIntechs, Phil Goldfeder, Third Party Risk Management Guide for Community Banks

May 13, 2024 @ 10:08 am By Omar Faridi  |  

Experian announced the launch of Cashflow Attributes, a solution to help expand fair and affordable access to credit, particularly for thin-file and credit invisible consumers. With over 900 income, cashflow and affordability attributes, Experian’s cashflow insights are available now and “allow lenders to seamlessly integrate… Read More

 Tagged banking, experian