General News

October 1, 2020 @ 4:31 pm By JD Alois  |  

A report published by Deloitte highlights the Fintech industry and the disparity in gender when it comes to founders. As many people know, traditional finance has historically been dominated by the old boy network. Innovative financial services firms have experienced greater participation from women executives… Read More

October 1, 2020 @ 2:21 pm By Samantha Hurst  |  

Standard Chartered Bank announced on Thursday it has formed a partnership with Sociolla through nexus, the bank’s “Banking as a Service” solution. Standard Chartered revealed that in line with its vision to enable convenient access to financial services for tech-savvy consumers across its market, this… Read More

October 1, 2020 @ 1:54 pm By Omar Faridi  |  

Alternative lending platform Greensill has reportedly hired Tracy Clarke, who has been serving as CEO of Europe, the Americas, and Global at Standard Chartered, as a non-executive director. Clarke will be joining Greensill’s board of directors in 2021 after her planned retirement from Standard Chartered… Read More

October 1, 2020 @ 9:23 am By Samantha Hurst  |  

CORO, a U.S.-based gold payment app, announced on Wednesday it has received a Money Transmitter license by the State of Oregon. Founded in 2018, Coro states it has created a new financial payment system that where gold to be used as a currency in everyday… Read More

September 30, 2020 @ 2:07 pm By Samantha Hurst  |  

iCapital Network, a fintech providing access to alternative investments, announced on Wednesday as part of the recent closing of its acquisition of Artivest, it had divested its right to acquire a private client team to AlphaCore Wealth Advisory. iCapital reported it also took ownership of factorE, a… Read More

September 30, 2020 @ 1:14 pm By Timothy Li  |  

Tim here, I gotta be honest with you, I’ve attended a handful of virtual conferences this year and LendIt Fintech USA 2020 by far took the top prize home in my books. The production value is top-notch, from the studio look and feel to the… Read More

September 29, 2020 @ 1:40 pm By Samantha Hurst  |  

  Jumio, a U.S.-based AI-powered end-to-end identity verification and eKYC solutions provider, announced on Tuesday it has acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and KYC. Jumio reported it will integrate Beam’s suite of AML solutions into… Read More

September 29, 2020 @ 9:33 am By JD Alois  |  

American Express (NYSE:AXP) and Amazon (NASDAQ:AMZN) have partnered on a new card that is designed for small businesses. The card is said to “offer rich rewards and access to flexible payment terms to help them better manage their finances.” The two cards available are the… Read More

September 29, 2020 @ 9:31 am By Samantha Hurst  |  

FinMason, a U.S.-based fintech and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, announced on Tuesday it has analyzed over 20 million portfolios for clients since launching its analytics API service in 2017. FinMason claims to be the world’s largest independent… Read More

September 29, 2020 @ 7:25 am By Samantha Hurst  |  

Nexi, an Italy-based paytech, announced on Tuesday it has formed a new partnership with UK fintech Ebury. Through the partnership, Ebury will join Nexi Open and Nexi’s partner banks will be able to offer their clients the full suite of Ebury services, which includes international… Read More

September 28, 2020 @ 3:51 pm By Samantha Hurst  |  

SPARQ, an Estonia-based fintech startup, has reportedly secured €440,000 in financial backing from the Baltic International Bank. Founded in 2019, Sparq states it combines together the banking sector, fintech market, and retail companies to bring a seamless experience for millennials and generation Z by providing… Read More

September 28, 2020 @ 10:46 am By Samantha Hurst  |  

Santander Bank recently announced it has signed a deal with Correos to provide services in Spain. The agreement will allow the banking group to provide services at a total of 4,675 Correos offices from the first quarter of 2021, with Santander’s basic financial services reaching… Read More

September 28, 2020 @ 9:49 am By Samantha Hurst  |  

Finicity, a U.S.-based online banking solutions provider, announced on Monday the launch of Finicity Lend, which is described as an integrated solution set of open banking data services that provides banks, lenders, and fintech developers access to tools that enable their borrowers to directly permission… Read More

September 27, 2020 @ 10:18 pm By Samantha Hurst  |  

RoosterMoney, a UK-based money managing mobile app, is now nearing £2.1 million through its equity crowdfunding campaign on Seedrs. The funding round was launched less than two weeks ago and has already attracted more than 440 Seedrs investors. As previously reported, RoosterMoney was founded in… Read More

September 26, 2020 @ 6:01 pm By Omar Faridi  |  

Mark Schwartz, MD at Ernst & Young Capital Advisors LLC, Equity Capital Markets Advisory, has explained how (special purpose acquisition company) SPAC mergers can help companies with accessing better financing deals or options. Schwartz noted that the growth of SPACs gives private business owners an… Read More

September 25, 2020 @ 10:20 pm By Samantha Hurst  |  

Paya,  a U.S.-based integrated payment and commerce solutions provider, announced earlier this week it has formed a partnership with CoverMe, a Software-as-a-Service (SaaS) application for hospitals and long-term care providers. Paya reported that through the partnership, CoverMe will increase efficiency for healthcare providers in processing… Read More

September 25, 2020 @ 5:55 pm By Omar Faridi  |  

Sophie Robé, CFA and Impact Investing Adviser and Investment Consultant from Amsterdam, Netherlands, has confirmed the official launch of FIIND Impact, which is described as an independent investment consultant and advisor that aims to strategically combine impact and financial expertise. FIIND Impact aims to help… Read More

September 25, 2020 @ 4:30 pm By Samantha Hurst  |  

  Following the recent announcement that app-only banking service Chime raised $485 million through a Series F round, CEO of the company, Chris Britt, sat down to discuss the funding round, as well as Chime’s future plans. As previously reported, Chime is on a mission… Read More

September 25, 2020 @ 3:59 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) has released a new report, titled “Technology Vision for Cybersecurity for Urban Co-operative Banks – 2020-2023.” The RBI notes that the document makes recommendations or suggestions on how to improve the nation’s cybersecurity infrastructure of its urban co-operative banking… Read More

September 25, 2020 @ 11:32 am By Samantha Hurst  |  

  Topa Insurance, a specialty property-casualty insurer, and U.S. insurtech Hippo Enterprises Inc. announced earlier this week that they have made a mutual decision to transition their partnership. Following the transition, Hippo customer policies with Topa will be underwritten by Spinnaker Insurance Company, a wholly-owned… Read More