March 29, 2023 @ 9:11 am By JD Alois  |  

Federal regulators will return to Capitol Hill today to continue the discussion on the events that led up to the failure of multiple banks at a hearing of the House Financial Services Committee. Yesterday, regulators testified in front of the Senate Banking Committee. While little… Read More

March 29, 2023 @ 8:42 am By Omar Faridi  |  

CellPoint Digital, which claims to be the global leader in Payment Orchestration, has announced a new partnership with Nium, the global platform for on-demand money movement. Through this integration, CellPoint Digital and Nium will “offer merchants a frictionless, optimised end-to-end money movement process.” Payments systems… Read More

March 29, 2023 @ 8:38 am By Omar Faridi  |  

ZEBEDEE, a payments processor, has announced an overhaul of how users can move money across the world. The upgraded feature for borderless transactions showcases “the power and potential of global, friction-free and currency-agnostic payments and represents a significant improvement and simplification of how anyone can… Read More

March 29, 2023 @ 8:35 am By Omar Faridi  |  

Inpay’s Annual Report for 2022, released at the company’s AGM in Copenhagen, Denmark, announced solid results “for the international payments firm and outlined plans for significant future growth within their UK office (London) and internationally across Asia, the Middle East and Europe.” As noted in… Read More

March 29, 2023 @ 2:00 am By JD Alois  |  

CrowdProperty, a real estate investment platform, reports that it has topped 3000 homes financed. According to the funding platform, it has provided financing for 3010 houses worth £680,000,000, originating over £375,000,000 of financing facilities and lending more than £299,000,000 to date. CrowdProperty is authorized and… Read More

March 28, 2023 @ 11:47 pm By Omar Faridi  |  

The fixed fee money transfer service, Atlantic Money, raised concerns at the Directorate-General for Competition (DG COMP) within the European Commission about the conduct of its competitor, the London Stock Exchange-listed technology company Wise. Having first raised its concerns in January with the Competition and… Read More

March 28, 2023 @ 11:24 pm By Omar Faridi  |  

Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced the opening of its new office in Singapore, “strengthening its presence in the APAC region following a strong increase in businesses’ needs.” Leaning on its large portfolio of… Read More

March 28, 2023 @ 11:21 pm By JD Alois  |  

Crowdcube, a top UK and European securities crowdfunding platform, has announced a partnership with Octopus to provide access for investors to Venture Capital Trusts (VCTs). In a company statement, Crowdcube said that the collaboration with Octopus will allow for lower minimum hurdles to invest in… Read More

March 28, 2023 @ 9:59 pm By Omar Faridi  |  

Brex recently announced Brex travel, a premium travel management experience that delivers comprehensive booking and management capabilities, all in the Brex dashboard and mobile app, “with unbiased global inventory, self-service trip changes, and 24/7 agent support.” With the addition of travel, Brex is “extending Empower… Read More

March 28, 2023 @ 8:28 pm By Omar Faridi  |  

The Commonwealth Bank (CBA) and Telstra announced a new pilot to help protect their customers from phone scams. Scam Indicator, currently in proof-of-concept stage and to be piloted over the next few months, will help “protect joint CBA and Telstra customers from phone scams where… Read More

March 28, 2023 @ 8:27 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Kiatnakin Phatra Securities Plc., one of the leading financial institutions in Thailand for wealth management, has selected Temenos to advance its service platform. Kiatnakin Phatra Securities, “which is part of Kiatnakin Phatra Financial Group, will implement Temenos Wealth to provide… Read More

March 28, 2023 @ 8:07 pm By Omar Faridi  |  

DailyPay claims that it continues to innovate its technology platform with a new function created “to tackle a growing problem among tipped employees within the hospitality industry.” For parking valets, restaurant servers, porters, and hotel concierges, the recent trend for customers “to go cashless can… Read More

March 28, 2023 @ 6:09 pm By JD Alois  |  

Opportun (Nasdaq: OPRT), an online lender and neobank, says the Consumer Financial Protection Bureau (CFPB) has decided not to pursue an enforcement action against the Fintech. In a corporate statement, Opportun said that it had received a letter from Enforcement staff at the CFPB indicating… Read More

March 28, 2023 @ 5:58 pm By JD Alois  |  

The French national financial prosecutor’s office (Parquet Financier National – PFN) announced today that it has engaged in multiple search operations at five banking and financial services firms located in Paris and La Defense (a suburb of Paris). According to the prosecutor, the actions are… Read More

March 28, 2023 @ 5:31 pm By Omar Faridi  |  

Creditas Auto was reportedly introduced with the objective of strengthening the relationship with Creditas’ existing customers, “providing consumers with a solution to buy, sell and trade a car.” According to the firm, there are clear synergies with their lending and insurance operation, with Creditas Auto… Read More

March 28, 2023 @ 4:11 pm By JD Alois  |  

Shares in Affirm (NASDAQ:AFRM) to a bit of a bruising today on the news that Apple had finally released its buy now pay later service (BNPL) into the wild for selected borrowers. At the close of the market, Affirm had lost over 7% but had… Read More

March 28, 2023 @ 2:28 pm By JD Alois  |  

Worthy Financial, an investment platform that offers securities under Reg A+, says that it has increased the yield on its bonds to 5.5% or 5.65% as of April 1, 2023. The company offers  Worthy Property Bonds, an SEC-qualified real-estate-backed debt product that is available to… Read More

March 28, 2023 @ 2:17 pm By Omar Faridi  |  

Mendix, a Siemens business and global leader in modern enterprise application development, announced that Socotra, a provider of end-to-end insurance IT solutions, is now a Mendix independent software vendor (ISV). The Mendix ISV Program is “available for partners across all industries to expand their businesses… Read More

March 28, 2023 @ 1:30 pm By JD Alois  |  

Apple’s buy now – pay later service (BNPL) is finally available. Apple Pay Later was announced quite some time ago – but then Apple tends to make certain everything is perfect (or nearly) before launching anything. In a release, Apple (NASDAQ:AAPL) said that starting today,… Read More

March 28, 2023 @ 12:27 pm By JD Alois  |  

Spiral has raised $28 million in Series A funding, according to a statement by the Fintech, bringing the total to date to $42 million. Spiral is a company that offers “impact as a service,” allowing banks, Fintechs, etc., to embed ESG or impact offerings on… Read More