October 25, 2023 @ 9:48 pm By Omar Faridi  |  

Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More

 Tagged analytics, cash flow, data, digital financial services, financial services, funding, funding round, investment round, jason rosen, open banking, prism, prism data, underwriting

October 25, 2023 @ 4:30 pm By JD Alois  |  

LendingClub (NYSE:LC), a digital bank with expertise in online lending, announced Q3 results today, reporting top line revenue of $200.8 million and net income of $5 million or EPS of $0.05. The top line number was a decline from $232.5 million in Q2 and when… Read More

 Tagged digital bank, lendingclub, scott sanborn

October 25, 2023 @ 2:29 pm By JD Alois  |  

Freemarket has been approved by the Central Bank of Ireland as a Payment Institution. The UK-based Fintech provides B2B payments and currency exchange. Freemarket said the approval will help with its European expansion plans as it now has access to all EEA countries. Freemarket has… Read More

 Tagged EU, freemarket, ireland, payments

October 25, 2023 @ 2:20 pm By Omar Faridi  |  

Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, announced a global partnership with Republic – an ecosystem of Web3 optimized financial services that are “building the digital infrastructure required to support a fully democratized future of finance.” The partnership will enable Republic’s global portfolio… Read More

 Tagged capchase, chuck pettid, republic, saas, software as a service, web 3.0, Web3

October 25, 2023 @ 11:45 am By JD Alois  |  

US-based switching platform Squeeze has acquired UK-based Youtility, an embedded finance management firm working with banks and Fintechs. The terms of the acquisition were not revealed by the companies. Youtility’s tech platform is backed by some big firms, including Barclays, The Joseph Rowntree Foundation, Big… Read More

 Tagged uk, youtility

October 25, 2023 @ 9:57 am By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a new global survey that revealed surging demand for cloud-based financial services “with more than 80 per cent of SMBs looking to switch away from traditional banks for their payment needs.” The report, jointly… Read More

 Tagged airwallex, banking, cloud, digital financial services, financial services, fintech adoption, fintech trends, international payments, payments, research, small businesses, smbs, sme's, survey

October 25, 2023 @ 8:45 am By Omar Faridi  |  

Mambu, a Software as a Service (SaaS) cloud banking platform, announced it is now available in AWS Marketplace, making it one of the first core banking providers on the site. AWS Marketplace is a digital catalogue “with thousands of software listings from independent software vendors… Read More

 Tagged amazon, amazon web services, aws, AWS Marketplace, banking, chetwood, chetwood financial, cloud, core banking, digital financial services, mambu, saas, software as a service

October 25, 2023 @ 8:14 am By Omar Faridi  |  

A challenging macroeconomic environment is prompting businesses worldwide to cut their supplier list, “with payment service providers (PSPs) in the crosshairs.” Two-thirds (66%) of businesses in a five-market survey “across the US, UK, and Eurozone say they are looking to consolidate the number of PSPs… Read More

 Tagged banking, digital financial services, financial services, fintech adoption, fintech trends, gocardless, insights, payments, research, Research Study, survey

October 24, 2023 @ 10:13 pm By Omar Faridi  |  

Riskified (NYSE: RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced a partnership and integration with Plaid, the data network powering the digital financial ecosystem. This partnership empowers online merchants, marketplaces, and trading platforms to approve ACH (Automatic Clearing… Read More

 Tagged data, data network, digital commerce, digital financial services, e-commerce, fraud, integration, kevin sprake, plaid, risk intelligence, Riskified

October 24, 2023 @ 10:11 pm By Omar Faridi  |  

nSure.ai, an innovator in AI-driven fraud prevention, and Justt, a firm focused on smart chargeback automation, today announced a new partnership. This collaboration will aim to “provide fraud protection and chargeback management capabilities tailored for high-risk digital transactions in gaming, gift card, and cryptocurrency.” As… Read More

 Tagged ai, artificial intelligence, automation, chargebacks, Crypto Adoption, Crypto Transactions, digitalization, fraud, fraud prevention, justt, nsure.ai, renata caine