February 14, 2024 @ 6:13 pm By Omar Faridi  |  

Kema, a UAE fintech platform founded by ex-Mumzworld.com co-founder Michael Ghandour, says it has raised a $2 million pre-seed round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF). Kema claims that it transforms “how businesses sell to one another (B2B) by… Read More

 Tagged funding round, kema, mena, uae

February 14, 2024 @ 5:55 pm By Omar Faridi  |  

Sibli (formerly Responsibi), a company that aims to change the investment research process using AI [artificial intelligence], has announced a $4.5millio Seed round led by Staircase Ventures, a firm overseen by Janet Bannister. The deal included participation by The Group Ventures, Burst Capital, MaRS IAF,… Read More

 Tagged alik sokolov, funding round, janet bannister, sibli

February 14, 2024 @ 4:37 pm By JD Alois  |  

The Federal Reserve Bank of New York has published a write-up on Buy Now Pay Later (BNPL) services explaining reviewing which consumers select this payment option. Economists and analysts Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw claim that “more-fragile households” use these services… Read More

 Tagged bnpl, federal reserve, research

February 14, 2024 @ 10:39 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) announced financial results for the fourth quarter and full year 2023, and investors are responding positively to the news. Topping analyst expectations, currently, Robinhood is trading over 12% higher than its market close price from yesterday. The company reported total… Read More

 Tagged jason warnick, robinhood, vlad tenev

February 14, 2024 @ 9:00 am By JD Alois  |  

FIS (NYSE:FIS) has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses. Banked, enables consumers to pay directly using their bank without entering any financial data. Last year, FIS became one of the first Fintechs to… Read More

 Tagged banked, brad goodall, fednow, fis, open banking, payments, Seamus Smith, transfers

February 14, 2024 @ 8:30 am By Omar Faridi  |  

UK’s digital bank Monzo has reportedly reached the 9 million customer milestone. Monzo now claims over 9 million personal account customers, with 2 million joining in the past year. The digital banking platform says it has been at the forefront of the fintech innovation since… Read More

 Tagged banking, digital bank, europe, monzo, ts anil, uk, united kingdom

February 14, 2024 @ 3:30 am By Omar Faridi  |  

High street banking institution Virgin Money UK PLC has reportedly made an agreement to acquire abrdn PLC’s stake in its investment platform for GBP20 million. This update has been announced less than a year after it was introduced to clients. The Newcastle-headquartered lender teamed up… Read More

 Tagged abrdn, acquisition, allegra patrizi, banking, europe, uk, united kingdom, virgin money

February 14, 2024 @ 3:22 am By Omar Faridi  |  

Temenos Exchange clients can now access a suite of top identity verification solutions to streamline customer onboarding, manage digital identity, mitigate fraud and simplify the KYC processes. Facephi, a provider of secure identity verification solutions announced the availability of its suite of technology solutions on… Read More

 Tagged carlos oderiz, facephi, martin bailey, temenos, temenos exchange

February 13, 2024 @ 9:50 pm By Omar Faridi  |  

SavvyMoney, a provider of personalized financial management tools, is reporting a steady year of growth and positive impact in 2023. The company claims that it has “achieved several significant milestones highlighting its success in helping financial institutions empower consumers to take control of their financial… Read More

 Tagged david dowhan, jb orecchia, savvymoney

February 13, 2024 @ 12:09 pm By Omar Faridi  |  

Finastra, a provider of financial software applications and marketplaces, and Tesselate, a consultancy, have announced the launch of an end-to-end pre-packaged service for faster and easier online trade finance. Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables US… Read More

 Tagged digital transformation, digitalization, finance, financial software, finastra, marketplaces, tesselate