November 9, 2023 @ 10:50 pm By Omar Faridi  |  

PhonePe recently announced that it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe, the Fintech firm claims. The company is the first Indian Internet company to “have reached this scale globally.” This… Read More

 Tagged digital technology, digitalization, financial services, financial technology, fintech adoption, fintech trends, india, milestone, PhonePe, sameer nigam

November 9, 2023 @ 10:48 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions (CFIs), today announced its integration with Portico® from Fiserv, a full-service account processing platform. This integration empowers credit unions utilizing Portico “to harness Eltropy’s cutting-edge technology, including advanced Text, Video, Secure Chat, co-browsing, screen sharing, and… Read More

 Tagged eltropy, fiserv, jason smith

November 9, 2023 @ 10:46 pm By Omar Faridi  |  

Clear Junction, a firm focused n cross-border payments solutions for regulated institutions, has announced the launch of its new Confirmation of Payee (CoP) service. Available for clients receiving GBP payments in the UK, the new service “will boost the security of these transactions amid the… Read More

 Tagged clear junction, confirmation of payee, cross-border payments, dima kats, europe, financial services, uk, united kingdom

November 9, 2023 @ 10:45 pm By Omar Faridi  |  

American Express (NYSE:AXP) announced that American Express Business Checking is now available to any eligible U.S. small business, “offering a digital banking experience with no monthly maintenance fees, 24/7 service, and the ability to earn and redeem Membership Rewards points with select travel partners and… Read More

 Tagged american express, amex, business checking accounts, digital banking, digital financial services, financial services, small businesses, smbs, sme's, united states, us, virtual bank

November 9, 2023 @ 10:41 pm By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced the introduction of enhanced fraud detection through a partnership with DefenseStorm, provider of the only built-for-banking cyber risk management platform. Integrated with the Apiture Digital Banking Platform, the DefenseStorm GRID Active Fraud Detection solution “protects financial institutions… Read More

 Tagged apiture, banking, chris babcock, digital banking, fraud, fraud detection, fraud prevention, virtual bank

November 9, 2023 @ 10:39 pm By Omar Faridi  |  

The Bank of London announced the appointment of Frankie Woodhead as Chief Product Officer, effective immediately. In his role, Frankie will “oversee product vision, development and delivery across the UK Bank and Group.” Frankie joins the bank “with 15 years of senior leadership experience across… Read More

 Tagged digital financial services, europe, financial services, new appointments, the bank of london, uk, united kingdom

November 9, 2023 @ 12:45 pm By Omar Faridi  |  

Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries, and DailyPay, a financial technology company, announced it has expanded the rollout of a first-of-its-kind OVG integration into venues across the U.S. The partnership will reach… Read More

 Tagged Business Expansion, dailypay, dan griffis, digital payments, financial technology, integration, investment, kevin coop, oak view group, on-demand pay, payments, united states, us

November 9, 2023 @ 12:15 pm By JD Alois  |  

Era, an AI-augmented Wealthtech, has raised $3.1 million in seed funding, according to a corporate statement. Investors include Northzone, who led the round, with participation from Protagonist and Designer Fund. The company explains that it seeks to “level the playing field” in regard to financial… Read More

 Tagged era, northzone, wealthtech

November 9, 2023 @ 11:46 am By JD Alois  |  

There have been reports on both sides of the Atlantic that some banks are pumping the brakes on providing credit to smaller businesses. While there are multiple reasons why this may be the case, a gap in lending has helped to boost alternative lending platforms… Read More

 Tagged banking, banks, iwoca, laurent descout, neo, uk, united kingdom

November 9, 2023 @ 11:26 am By JD Alois  |  

Recently, there have been various reports about the decline in venture capital funding. VC money is a key component in funding risky early-stage ventures. While only a fraction of the investments may drive results, some of these companies may turn into revolutionary platforms or launch… Read More

 Tagged perspective, vc, venture capital, venture funding