October 12, 2023 @ 8:21 pm By Omar Faridi  |  

Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world’s leading enterprises to Build for Change, announced the Pega Financial Crime and Alerts Investigation Management Accelerator, a new solution that helps financial institutions manage the rising number of risk alerts and more efficiently orchestrate… Read More

 Tagged financial crime, financial institutions, low-code, low-code platform, online security, pegasystems

October 12, 2023 @ 4:26 pm By JD Alois  |  

In a rather vague headline, digital bank and online lender LendingClub (NYSE:LC) says it is aligning its cost structure to the evolving macroeconomic environment. Scott Sanborn, LendingClub CEO, issued the following statement: “We continue to proactively implement various measures to navigate the persistent and ongoing… Read More

 Tagged digital bank, lendingclub, scott sanborn

October 12, 2023 @ 1:02 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has finally agreed to sell digital lender GreenSky to a consortium led by Sixth Street. The purchasers include KKR, Bayview Asset Management, and CardWorks, with “significant support” from PIMCO through an asset acquisition, as well as strategic financing from CPP Investments. Alan… Read More

 Tagged david solomon, goldman sachs, greensky, online lending

October 12, 2023 @ 10:50 am By Omar Faridi  |  

The Central Bank of Jordan (CBJ) has taken a significant step towards modernizing the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services. These guidelines apply to all banks operating “within the jurisdiction of CBJ, as well as online payment… Read More

 Tagged central banks, financial services, jordan, mena, mena region, middle east, open finance, reserve banks, uk, united kingdom

October 12, 2023 @ 10:39 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have taken regulatory action against global credit profiling firm TransUnion (NYSE: TRU), claiming the company failed in regard to rental background checks. Additionally, the two agencies claimed TransUnion withheld the names of third parties… Read More

 Tagged cfpb, consumer financial protection bureau, enforcement, federal trade commission, ftc, transunion

October 12, 2023 @ 9:08 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch. Shopping lens, the flagship new feature, “allows shoppers to take a picture of things and styles in their surroundings, instantly find… Read More

 Tagged ai, artificial intelligence, Customer Experience, cx, financial technology, fintech adoption, fintech trends, klarna, online shopping

October 12, 2023 @ 8:46 am By Omar Faridi  |  

cahoot, the UK-based online bank, has increased the interest offered on its Simple Saver account. cahoot Simple Saver (issue 2) now “pays customers 5.12% AER/gross variable rate interest for 12 months, on balances up to £500,0001.” Simple Saver (issue 2) is described as an easy… Read More

 Tagged banking, digital banking, europe, financial services, interest rates, online bank, savings, uk, united kingdom, virtual bank

October 12, 2023 @ 8:39 am By Omar Faridi  |  

Zilch, the UK-headquartered ad-subsidized payments network, today proudly unveils Zilch Up – a product dedicated to empowering people typically excluded from mainstream credit. This will create access for millions “to build their financial profiles safely and responsibly and without paying any interest.” The introduction of… Read More

 Tagged credit, europe, financial inclusion, financial services, payments, philip belamant, uk, united kingdom, zilch

October 12, 2023 @ 6:08 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, introduced its latest product innovations at Stripe Tour Singapore. Stripe products are positioning businesses of all sizes in Southeast Asia “to take advantage of surging consumer demand in the region for online goods and services.” A recent Stripe… Read More

 Tagged financial infrastructure, financial services, fintech adoption, fintech trends, singapore, southeast asia, stripe

October 12, 2023 @ 1:19 am By Michael Wong  |  

Indonesian fintech lending platform Investree has announced raising about $231 million in its Series D funding round anchored by Qatar’s JTA International Holdings with participation from SBI Holding. Following the investment, JTA International Holding and Investree have completed the setup of a joint venture company… Read More

 Tagged fintech, indonesia, investree