May 10, 2023 @ 6:26 pm By JD Alois  |  

MoneyLion (NYSE: ML), a neobank that offers a diverse portfolio of financial services to consumers, reported Q1 earnings this week deliving a solid increase on the top line but flat GAAP net income results. First quarter 2023 revenues increased 34% to $93.7 million in comparison… Read More

May 10, 2023 @ 6:12 pm By Omar Faridi  |  

Yieldstreet, the private market investing platform, announced the appointment of Ted Yarbrough as its Chief Investment Officer. Yarbrough reportedly “brings to Yieldstreet nearly three decades of experience at Citigroup (NYSE: C) and its predecessor companies, holding a variety of leadership roles across the firm’s banking,… Read More

May 10, 2023 @ 5:28 pm By Omar Faridi  |  

Resistant AI, the AI and machine learning financial crime prevention specialists, today announces that Bank of Valletta, the largest bank in Malta, is to adopt its Transaction Forensics product for anti-money laundering (AML). It will “enable the bank to prevent and detect transactions that are… Read More

May 10, 2023 @ 5:24 pm By Omar Faridi  |  

Temenos open platform, running on Red Hat OpenShift, is now available on IBM Power, LinuxONE and IBM Cloud for Financial Services to enable banks to realize the benefits of hybrid cloud. The partnership aims “to help accelerate banks’ digital transformation programs by providing enhanced security,… Read More

May 10, 2023 @ 1:04 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) provides much of the magic behind Apple’s (NASDAQ:AAPL) Fintech ventures. Not too long ago, Apple announced its anticipated saving plan, offering consumers an APY of 4.15% – higher than many banking firms. While few details are available on the success of Apple… Read More

May 10, 2023 @ 12:48 pm By JD Alois  |  

Argyle says that it has boosted consumer verifications by 100% year over year having added more than 35 new customers for its payroll connectivity platform. Shmulik Fishman, Argyle CEO and founder, said the company has packaged five years of learning into their new platform version…. Read More

May 10, 2023 @ 12:41 pm By JD Alois  |  

Rapid Enterprise, part of Rapid Finance, has announced that its loan origination system (LOS), Decisioneer, is now integrated with Mambu’s cloud-based lending platform. Decisioneer is a service that is designed to accelerate the loan decisioning and underwriting process. Targeting both business and consumer lending, Decisioner… Read More

May 10, 2023 @ 12:26 pm By Omar Faridi  |  

Taktile, the automated decisioning platform, announced the launch of its Data Marketplace as part of its mission to revolutionize how fintechs and banks harness data to make decisions. The Taktile Data Marketplace is described as “a one-stop ecosystem of leading data providers that enables customers… Read More

May 10, 2023 @ 12:24 pm By Omar Faridi  |  

Fund Recs announced that CACEIS Bank, Ireland Branch (CACEIS), has selected Fund Recs in order “to introduce further automation to the performance of Position Reconciliations and Daily Cash Flow Monitoring.” The rollout of Fund Recs’ Cash Flow Monitoring Module “within CACEIS has further automated the… Read More

May 10, 2023 @ 12:22 pm By Omar Faridi  |  

CMFG Ventures, the venture capital arm of CUNA Mutual Group, has announced a strategic investment in DataVisor, a global firm focused on online fraud detection and risk management for financial services and ecommerce, as they expand their services into the credit union market. Credit unions… Read More

May 10, 2023 @ 12:19 pm By Omar Faridi  |  

iDenfy, an AI-enabled identity verification, and fraud prevention tech startup, announced its partnership with Fincapital Partners, an all-in-one banking and asset management platform that offers comprehensive financial services. The company will “leverage iDenfy’s advanced KYC and AML solutions to deliver a seamless customer onboarding process.”… Read More

May 10, 2023 @ 9:37 am By Omar Faridi  |  

Grasshopper, the client-first digital bank built for the business and innovation economy, and Sydecar, a frictionless deal execution platform for venture investors, announced a partnership to provide Sydecar’s venture investing clients with access to digital banking products through Grasshopper’s Banking-as-a-Service (BaaS) platform. The partnership fulfills… Read More

May 10, 2023 @ 9:27 am By Omar Faridi  |  

ThriveDX, the global firm focused on cybersecurity and digital skills training, is pleased to announce the launch of its new certificate program exclusively designed “for security awareness administrators and managers to equip them with the skills and knowledge they need to implement and manage comprehensive… Read More

May 10, 2023 @ 9:00 am By JD Alois  |  

Freeport, a fractional art investment platform, has launched for investors pitching a series of Warhol prints. Fractional investing is growing in interest as alternative asset classes can benefit from technology to simplify the process of purchasing a portion of an asset and potentially benefit from… Read More

May 10, 2023 @ 8:40 am By Omar Faridi  |  

Xapo Bank, a licensed private bank that aims to combine traditional banking with access to Bitcoin and stablecoins, claims to have become the first bank in the world to integrate Tether (USDT) payment rails. Xapo Bank is regulated and based in Gibraltar. Earlier this year,… Read More

May 10, 2023 @ 7:35 am By Omar Faridi  |  

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, implements payment solutions for NFP Health. The exchange billing vendor “streamlined its overall customer experience while securing consumer payments and ensuring continued compliance with data protection legislation and the PCI Data… Read More

May 10, 2023 @ 6:13 am By JD Alois  |  

Estateguru has been approved to operate under European Crowdfunding Service Providers Regulation or ECSPR. Under the new EU legislation, a platform may sell securities online across all EU member states. Issuers may raise up to €5 million. Estateguru was approved by the Estonian Financial Supervision… Read More

May 10, 2023 @ 5:20 am By Omar Faridi  |  

  Digital Asset and market participants announce their plans to launch the Canton Network, the industry’s “first” privacy-enabled interoperable blockchain network designed for institutional assets and built “to responsibly unlock the potential of synchronized financial markets.” Canton Network participants reportedly “include 3Homes, ASX, BNP Paribas,… Read More

May 9, 2023 @ 10:55 pm By JD Alois  |  

Business loan approval for small businesses tanked in April, according to a report. The driver is higher interest rates and banks tightening up their books in the volatile market. According to Biz2Credit Small Business Lending Index, loan approval dropped from 13.8% in March to 13.5%… Read More

May 9, 2023 @ 10:36 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) seeks public consultation on the draft “Rules for Regulating Buy Now Pay later (BNPL) Companies.” In the interest of transparency and wider participation, SAMA reportedly “invites stakeholders and public to provide suggestions and observations on the draft Rules by visiting… Read More