June 3, 2023 @ 9:49 am By Omar Faridi  |  

Red Flag Alert are the UK’s provider of business data intelligence and analytics to predict growth, global compliance risk and insolvency, based in Manchester. The company have “announced £ 4.5 million in funding from Foresight and Uncapped.” The company, based in Manchester, where it “employs… Read More

June 3, 2023 @ 8:47 am By Omar Faridi  |  

Proxymity, the digital investor communication platform, and Clearstream, the post-trade business for global markets, have expanded their partnership “to create a digital general meeting announcement solution.” Historically, communication between issuers and investors was “initiated through multiple disparate sources and using different modalities, causing delays and… Read More

June 3, 2023 @ 6:07 am By Omar Faridi  |  

Australians selling unwanted or used items on Facebook Marketplace, Gumtree and other online websites are “being urged to remain vigilant as new data reveals a spike in scams.” Customer reports of goods and services scams have “increased 66% in the past three months.” A third… Read More

June 2, 2023 @ 5:18 pm By JD Alois  |  

Next week on June 6th, the House Committee on Agriculture will hold a hearing on digital assets. The scheduled hearing is joined with the release of draft legislation for the digital asset ecosystem that was crafted by both the House Committee on Financial Services and… Read More

June 2, 2023 @ 4:25 pm By JD Alois  |  

Under the leadership of Republicans, the US House of Representatives continues to push forward on financial services policy matters that aim to support Fintch innovation. Today, the Chair of the House Financial Services Committee, Patrick McHenry, and the Chair of the Committee on Agriculture, Glenn… Read More

June 2, 2023 @ 4:09 pm By JD Alois  |  

Zelle, a transfers and payments service utilized by many big banks as well as hundreds of smaller ones, stumbled once again today. Some customers woke up to discover that transfers completed via their Chase (NYSE:JPM) account – may have been sent twice. The duplicate transfers… Read More

June 2, 2023 @ 3:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted its first agenda following the new incarnation of the Committee with an almost completely new group of members. The agenda for the meeting, available below, includes Member Observations on the… Read More

June 2, 2023 @ 3:22 pm By Omar Faridi  |  

Tink, Europe’s open banking platform, and ecolytiq, a climate engagement solution, are collaborating to incorporate financial and sustainability-focused coaching into a seamless experience. By combining the power of money management tools with climate education tools,  Tink will make it possible “for new and existing customers… Read More

June 2, 2023 @ 3:17 pm By Omar Faridi  |  

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

June 2, 2023 @ 12:09 pm By Omar Faridi  |  

Standard Life, part of Phoenix Group, has partnered with Moneyhub, the open finance data and payments fintech, “to enhance its digital app and dashboard, rolling out its own open finance powered tool, Money Mindset, to its existing 1.5 million workplace pension scheme members.” The addition… Read More

June 2, 2023 @ 12:07 pm By JD Alois  |  

CarCrowd has topped its funding goal on Seedrs, having raised £620,000 on a £500,003 funding goal. CarCrowd is offering equity at a pre-money valuation of £3.4 million. The EIS-qualified stock sale has garnered the support of 300 investors with just a few days left in… Read More

June 2, 2023 @ 10:31 am By JD Alois  |  

Exit opportunities are vital for the private securities ecosystem to function effectively. Obviously, investors back early-stage firms to generate capital gains, and this typically happens via an acquisition, merger, or public offering. Seedrs is unique in that it offers a relatively robust secondary marketplace to… Read More

June 2, 2023 @ 9:39 am By Omar Faridi  |  

Revolut, the global financial super app, has reportedly surpassed 30 million retail customers worldwide, and is now “processing over 400 million transactions a month.” While these figures are significant, Revolut has been unable to secure a banking license in the UK (where its headquarters are… Read More

June 2, 2023 @ 9:35 am By Omar Faridi  |  

Founded by serial Fintech entrepreneur Marta Krupinska, climate scientist Dr. Gabrielle Walker and net-zero expert Mark Stevenson, CUR8 is the market maker for carbon removals. Removing carbon emissions from the atmosphere is critical “to limit global warming to 1.5 degrees and reach net zero by… Read More

June 2, 2023 @ 9:06 am By Omar Faridi  |  

White Clay, a company that helps community and regional financial institutions improve relationships and increase revenue, announced the launch of its Treasury Management Pricing and Profitability solution. Determining the pricing and profitability of treasury management relationships can often be manual and cumbersome, “requiring bankers to… Read More

June 2, 2023 @ 8:37 am By Omar Faridi  |  

FintechOS, the fintech enablement platform, announced a series of accomplishments from 2022 to the present, illustrating its momentum and leadership in the new industry category of fintech enablement. The accomplishments illustrating the momentum of FintechOS, and the interest of financial institutions in “modernizing and innovating… Read More

June 1, 2023 @ 11:45 pm By Omar Faridi  |  

After a long period of consistent profitability, the wealth and asset management sector is “facing rising costs, shrinking margins, and intensifying consumer demands.” Firms are looking for ways “to accelerate their digital transformations, bring more of what their clients want to the table, and bolster… Read More

June 1, 2023 @ 11:13 pm By Omar Faridi  |  

Mesh Payments announced the expansion of its unified spend management platform to support global multinational businesses operating in Europe, UK, and Asia in local currencies. Mesh now enables companies “to operate globally across international entities, issue local cards and settle in local currencies all from… Read More

June 1, 2023 @ 10:42 pm By Omar Faridi  |  

NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has raised $53.6m. The investment round was “led by Finch Capital, and includes participation from Outpost Ventures, a Neuberger Berman fund, with participation from individuals.” Peter Burridge,… Read More

June 1, 2023 @ 9:07 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced that its Board of Directors has appointed Thomas Warsop as President and Chief Executive Officer, “effective June 1, 2023.” Warsop, a seasoned executive and financial services technology expert, has “served as… Read More