October 10, 2023 @ 9:36 am By Omar Faridi  |  

Tarabut, MENA’s leading open banking platform, has announced a new partnership with FLOOSS, a Bahrain-based digital lending platform. FLOOSS is reportedly the “first” and fastest digital loan app in Bahrain “offering consumer loans of up to BHD 750 with a repayment period of up to… Read More

 Tagged abdulla almoayed, bahrain, digital lending, mena, mena region, middle east, open banking, tarabut

October 10, 2023 @ 9:20 am By Omar Faridi  |  

Nationwide Building Society’s longstanding commitment to the High Street means it now has the largest number of branches in the UK – which is “more than any other banking brand.” Research from Britain’s biggest building society reveals “around two thirds of people (63%) value their… Read More

 Tagged bank branches, banking, Business Expansion, debbie crosbie, europe, financial services, nationwide, nationwide building society, uk, united kingdom

October 10, 2023 @ 9:01 am By Omar Faridi  |  

Rainforest, a Payments-as-a-Service (PaaS) platform, announced the closing of an $11.75 million seed funding round led by Accel, with participation from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners and a number of strategic angels. The investment round includes “a $3.25… Read More

 Tagged accel, digital payments, funding round, Infinity Ventures, investment round, payments, payments-as-a-service, rainforest

October 9, 2023 @ 9:31 am By Omar Faridi  |  

CaixaBank was the exclusive financial adviser to secure €132 million in financing for Eranovum, a Spanish group that is working “to streamline the energy transition, and its international partners Noy Fund and Nofar Energy.” This financing will be “allocated to develop the solar plant in… Read More

 Tagged CaixaBank, energy transition, europe, financial services, financing, spain

October 9, 2023 @ 7:40 am By Tony Zerucha  |  

This week, the American Fintech Council announced that they have added several financial institutions as new members. Coastal Community Bank, Customers Bank, Thread Bank, Portage Bank, Evolve Bank and Trust, Five Star Bank, Lineage Bank and The Atlantic Federal Credit Union are among those joining… Read More

 Tagged chris black, five star bank, Phil Goldfeder, thread

October 9, 2023 @ 7:37 am By Omar Faridi  |  

Metro Bank has announced a successful capital package consisting of the following: a £325m capital raise and a £600m debt refinancing. Metro Bank says it has “secured £325m capital raise, comprising £150m of new equity and £175m of new MREL issuance, alongside £600m of debt… Read More

 Tagged banking, daniel frumkin, europe, financial services, metro bank, uk, united kingdom

October 8, 2023 @ 6:19 pm By Omar Faridi  |  

In a key move in the Brazilian investment market, Nubank (NYSE:NU) announces the launch of the first ETF (exchange-traded fund) in Brazil that pays monthly dividends to shareholders: Nu Renda Ibov Smart Dividendos (NDIV11). The new product results from “a partnership between Nubank’s investment fund… Read More

 Tagged americas, brazil, digital financial services, etfs, exchange traded fund, financial services, latam, latin america, nubank, South America

October 8, 2023 @ 2:47 pm By Omar Faridi  |  

Gemba Finance, a provider of innovative banking and financial management solutions, and ThetaRay, the firm focused on next-generation AI-powered trusted global payments, announced the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, in order “to power Gemba’s growth, while reducing regulatory exposure which frequently hampers… Read More

 Tagged ai, artificial intelligence, banking, financial institutions, financial management, financial services, innovation, international payments, thetaray, transaction monitoring technology

October 8, 2023 @ 2:23 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech US – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the US FinTech space. The US Fintech sector continues to be the highest-funded Fintech startup ecosystem “on… Read More

 Tagged financial services, fintech adoption, fintech trends, market intelligence platform, research, Research Report, Research Study, saas, software as a service, tracxn, united states, us

October 8, 2023 @ 1:37 pm By Omar Faridi  |  

Oxygen, an innovator in the financial technology industry, announced a series of executive hires. These appointments come at a time of “significant” transformation for Oxygen. With a commitment to strengthen its leadership team and provide financial solutions to the marketplace, the company continues “to prioritize… Read More

 Tagged digital financial services, financial services, financial technology, fintech adoption, fintech trends, innovation, new appointments, oxygen