General News

September 15, 2020 @ 11:09 am By Samantha Hurst  |  

 Visa Canada announced on Tuesday the expansion of the “Click to Pay” feature in Canada. According to Visa Canada, the feature helps consumers make secure, swift purchases across various merchants and platforms, which is now more important than ever before given the world’s accelerated shift… Read More

September 15, 2020 @ 8:38 am By JD Alois  |  

Capco has partnered up with Inbotiqa, an alumnus of the Barclays TechStars Accelerator, Fintech focused program. The agreement focuses on Inbotiqa’s YUDOmail product and analytics tool for back office and operations teams. Capco is a technology and management consultancy dedicated to the financial services industry. Inbotiqa… Read More

September 15, 2020 @ 7:54 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it secured $650 million through its latest equity funding round, bringing its money valuation to $10.65 billion. The funding round is led by Silver Lake Founded in 2005, Klarna offers products and services to consumers and retailers within payments, social… Read More

September 14, 2020 @ 3:35 pm By Samantha Hurst  |  

Digital assets exchange OKEx announced on Monday its public chain OKChain has been renamed to OKExChain. The platform further noted it has made changes to the public chain. “OKExChain also takes the lead among exchange-developed public chains. By fully utilizing the nature of peer-to-peer networks,… Read More

September 14, 2020 @ 12:25 pm By Samantha Hurst  |  

U.S./Mexico fintech Oyster Financial recently announced secured $14 million through its latest seed funding round, which was led by Monashees and SV Latam Capital with participation from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint Ventures, S7 Ventures, and Ulu Ventures. The funding will go towards the company’s expansion into Mexico. Founded in… Read More

September 14, 2020 @ 11:40 am By Samantha Hurst  |  

Flaist, a U.S.-based fintech startup, announced on Monday the launch of its new AI tool, Eva, which helps credit unions, community, and regional banks better serve their existing customers and compete for new customers with larger financial institutions. Flaist stated it is on a mission… Read More

September 14, 2020 @ 11:15 am By Samantha Hurst  |  

KodyPay, a UK-based mobile point of sale app and payment aggregator, announced on Monday it raised £1.8 million through its latest seed funding round. Founded in 2018, KodyPay describes itself as a new mobile point of sale platform and payment aggregator, enabling businesses to perform… Read More

September 14, 2020 @ 10:11 am By Samantha Hurst  |  

Cross-border savings and investments marketplace Raisin announced on Monday it has joined forces with interactive financial resource platform Finect on competitive savings to help Spanish depositors beat low-interest rates. Raisin reported that by integrating its offers, Finect connects users to a wide range of banking… Read More

September 13, 2020 @ 10:49 pm By Omar Faridi  |  

The team at Quantum Resistant Ledger (QRL), a post-Quantum value store and decentralized communication layer, notes that there’s recently been what appears to be “another quantum leap” in the field of quantum computing. The QRL team states: “The team at @ustc potentially achieved ‘quantum supremacy’… Read More

September 11, 2020 @ 2:56 pm By Samantha Hurst  |  

Nubank, a Brazil-based fintech startup, announced on Friday it has acquired Easynvest, a self-direct digital broker. According to Nubank, Easynvest has 1.5 million clients and is claimed to be the largest broker to give customers the autonomy to make their investments. While sharing details about… Read More

September 11, 2020 @ 2:48 pm By Samantha Hurst  |  

Peaks, an Amsterdam-based micro-investing app, announced earlier this week that is has expanded its service to Spain and France. The company noted it will now be available in four European countries. Founded in 2016, Peaks claims its mobile app is the “easiest” way to set… Read More

September 11, 2020 @ 9:58 am By Samantha Hurst  |  

Prepaid Financial Services Limited (PFS), a European eMoney issuer, announced on Thursday it has formed a partnership with the Government of Jersey for a COVID-19 stimulus program. PFS will enable its spend local prepaid Mastercard initiative with 105,000 cads.  PFS further reported that all eligible… Read More

September 11, 2020 @ 8:21 am By Samantha Hurst  |  

Hong Kong-based crypto-to-fiat gateway XanPool announced on Friday it secured $4.3 million through its Pre-Series A funding round, which was led by blockchain technology and service provider OK Group with participation from Hashkey and Gumi Cryptos. Founded in 2019, XanPool explained that its software allows… Read More

September 10, 2020 @ 9:47 pm By Samantha Hurst  |  

Capitolis, a U.S.-based SaaS platform that drives financial resource optimization for capital markets, announced on Thursday it secured a strategic investment from Citi, J.P. Morgan and State Street. Founded in 2017, Capitolis claims its network software enables financial institutions to optimize their balance sheets, which… Read More

September 10, 2020 @ 4:12 pm By Samantha Hurst  |  

National Australia Bank (NAB) announced on Wednesday the launch of its new no-interest “NAB StraightUp” credit card. According to NAB, the card made its debut in response to Australians wanting more control over their finances. “For a flat monthly charge, customers can get access to… Read More

September 10, 2020 @ 10:18 am By Samantha Hurst  |  

Visa Inc (NYSE: V) announced on Thursday it has extended its partnership PayPal (NASDAQ: PYPL) to the provider what it believes is faster access to funds around the world. The partnership expansion notably follows the successful launch of the Instant Transfer service across North America, as… Read More

September 10, 2020 @ 8:02 am By Samantha Hurst  |  

  Exchange-traded fund provider Reality Shares announced earlier this week it has closed the exchange-traded fund “Reality Shares DIVS ETF” (NYSE: DIVY). Reality Shares reported that it will halt trading in the Fund’s shares before the open of trading on September 22nd. The Fund is… Read More

September 9, 2020 @ 3:11 pm By Samantha Hurst  |  

Payroc LLC and its affiliates, a leading merchant acquirer and global payment processing organization, announced on Tuesday its Canadian Integrated Payments Platform (Caledon) has partnered with NMI, a payments enablement platform, to provide a single-source solution to streamline and secure payment acceptance for ISV’s, ISOs… Read More

September 9, 2020 @ 2:49 pm By JD Alois  |  

Fitch Ratings has announced a new service – the US Marketplace Loan Monitor.  Fitch reports that marketplace loan performance has been “relatively stable” but posits this could change in the coming months as “borrowers focus on priority loan payments.” As has been previously reported, marketplace… Read More

September 9, 2020 @ 12:05 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Wednesday it has expanded its identity verification capabilities to Pakistan. This news comes less than two months after Trulioo expanded the capabilities to Vietnam. “Pakistan wants to improve its socio-economic well-being and inclusion by building a… Read More