October 1, 2023 @ 8:00 pm By Omar Faridi  |  

Klarna, the AI powered global payments network, announced the launch of several new products and services aimed to promote circularity and encourage smart shopping. With these updates, Klarna continues to evolve beyond payments “to become a starting point for every purchase for 150 million consumers… Read More

 Tagged ai, artificial intelligence, digital tools, e-commerce, financial services, flexible payments, klarna, online shopping, payments, shopping

October 1, 2023 @ 7:35 pm By Omar Faridi  |  

Digital bank Revolut is reportedly engaged in discussions with the UK’s financial regulator regarding potential failures that enabled funds to be released from customer accounts identified by the National Crime Agency as suspicious. This latest development is now part of several issues that impact the… Read More

 Tagged aml, compliance, digital bank, digital banking, europe, fca, financial conduct authority, financial services, revolut, uk, united kingdom

October 1, 2023 @ 4:56 pm By Omar Faridi  |  

Square, part of Block (NASDAQ:SQ), launched Tap to Pay on Android for sellers across Canada. The new technology enables businesses “to securely accept credit card contactless payments with a compatible Android device, at no additional cost.” With Tap to Pay on Android, Square claims it… Read More

 Tagged android, canada, contactless, contactless payments, contactless transactions, digital technology, digital transactions, digital transformation, digitalization, fintech adoption, fintech trends, payments, square, tap to pay

September 30, 2023 @ 4:21 pm By Michael Wong  |  

d1g1t, a Canadian institutional-grade wealth management platform for Financial Advisors, RIAs, and Multi-Family Offices, announced that it has closed a combined equity and debt financing round. U.S. based existing investor MissionOG led the equity investment, which included participation of other top existing institutional investors: CI… Read More

 Tagged canada, d1g1t, finance, fintech, funding, wealth management

September 30, 2023 @ 3:51 pm By Omar Faridi  |  

As Paysafe Payment Solutions Limited “unilaterally” decided to stop processing EUR deposits for Binance users, Paysafe users are now “advised to take appropriate actions in advance.” Paysafe users may “convert EUR balances in their Binance accounts to USDT before 2023-10-31 at 0:00 (UTC).” Meanwhile, users… Read More

 Tagged binance, crypto-assets, digital assets, digital currency, digital financial services, fiat on-ramps, financial services, payment processing, paysafe, transaction processing, virtual currencies

September 29, 2023 @ 3:11 pm By Tony Zerucha  |  

A new report from business data API provider Codat shows that business lenders continue innovating and evolving their offerings despite current economic challenges. The study of 115 business lenders in the United States and the United Kingdom shows providers are adapting their strategies and priorities to narrow in focus… Read More

 Tagged api, codat, FIntechs, lending

September 29, 2023 @ 1:58 pm By Omar Faridi  |  

A report has looked into how consumers are managing higher mortgage rates and adapting their spending due to inflation. This along with other key insights are shared in the KPMG UK’s latest Consumer Pulse research. KPMG’s Consumer Pulse survey “tracks how over 3000 consumers across… Read More

 Tagged euroep, inflation, insights, kpmg, mortgage rates, mortgages, research, Research Report, spending, uk, united kingdom

September 29, 2023 @ 1:54 pm By Michael Wong  |  

Hispanics, which currently represent nearly 20% of the US population, are on track to reach $113 trillion in collective wealth by 2025, according to a new report released by Fintech platform Finhabits. By comparison, the total household wealth in the US in 2022 was $140… Read More

 Tagged fintech, hispanics, us, wealth

September 29, 2023 @ 10:42 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year results from its partnership with Operation Hope: HOPE Inside Cross River, which “provides financial literacy education and financial planning to empower local small business owners and individuals on… Read More

 Tagged cross river, cross river bank, education, embedded finance, financial literacy, john hope bryant, operation hope

September 29, 2023 @ 8:40 am By Omar Faridi  |  

Capital on Tap, the Fintech company which says it is focused on democratizing small business funding, opened the London Stock Exchange market recently in order to mark the launch of its £250 million securitization facility. The securitization, called London Cards No.1, is reportedy among the… Read More

 Tagged Capital On Tap, David Luck, financial services, london, milestone, uk, united kingdom