October 26, 2022 @ 5:59 pm By JD Alois  |  

LendingClub (NYSE: LC), one of the few federally chartered digital banks, has reported Q3 2022 earnings. The Fintech states that total net revenue during the quarter came in at $304.9 million, growing by 24% year over year, driven by growth in net interest income. Alongside… Read More

October 26, 2022 @ 4:17 pm By Omar Faridi  |  

Kyriba, which claims to be a global “leader” of cloud-based finance and IT solutions, announced the launch of Liquidity Planning, a “totally reimagined” cash flow planning and forecasting solution. Liquidity Planning unifies FP&A, working capital and treasury data across multiple scenarios, giving CFOs data, insight… Read More

October 26, 2022 @ 4:16 pm By JD Alois  |  

The lines continue to blur between more traditional Fintechs and digital asset platforms. Today, Marqeta (NASDAQ: MQ) has announced a partnership with Blockchain.com to provide a Visa card that now claims 50K+ sign-ups at launch. The new card, first available to US customers, will be fee-free… Read More

October 26, 2022 @ 3:55 pm By Omar Faridi  |  

BNPL firm Zip Co (ASX: ZIP) announced the availability of Zip Card, issued by WebBank, the newest buy now, pay later product “offered through its portfolio.” As consumers look for BNPL options in brick-and-mortar retail, the Zip Card “extends the ‘Pay-in-4*’ functionality offline in a… Read More

October 26, 2022 @ 3:43 pm By JD Alois  |  

Representatives Patrick McHenry and Bill Huizenga have sent a letter to Representative Maxine Waters asking the Chair of the House Financial Services Committee to convene a hearing in November with SEC Chair Gary Gensler. McHenry is the Ranking Republican on the House Financial Services Committee… Read More

October 26, 2022 @ 11:30 am By JD Alois  |  

Zenus Bank, a digital-only bank that is regulated in Puerto Rico, is on a mission to provide access to US banking accounts to individuals all over the world. To further this ambition, Zenus has partnered with Finxact, part of Fiserv, to leverage its core banking… Read More

October 26, 2022 @ 11:09 am By JD Alois  |  

QED Investors founder and Managing Partner Nigel Morris has distributed an email commenting on the current economic environment. QED is one of the top Fintech VCs in the world, having backed dozens of successful firms both inside the US and globally. In his email, Morris… Read More

October 26, 2022 @ 10:53 am By Omar Faridi  |  

Amazon’s (NASDAQ: AMZN) U.S. customers will soon be able “to add their Venmo account as a payment method.” At Venmo, they’re consistently “focused on giving you more ways to use Venmo in your daily life.” Today, they’re pleased to introduce the ability “to pay with… Read More

October 26, 2022 @ 9:00 am By JD Alois  |  

Prometheum Ember ATS has announced a FINRA and SEC-regulated trading platform that will aim to provide liquidity for “digital asset securities.” Prometheum has received approval to operate an ATS or Alternative Trading System. Before operating an ATS, a platform must be an approved as a… Read More

October 26, 2022 @ 8:17 am By JD Alois  |  

The Crypto Council for Innovation has distributed information gleaned from a survey that indicates US voters are supportive of digital assets, with 13% stating they hold crypto. The national survey polled 1,200 likely voters and was conducted for the Crypto Council by a bipartisan team… Read More

October 26, 2022 @ 7:56 am By Omar Faridi  |  

Fintech firm Wise (LSE:WISE) is reportedly planning to introduce its Assets investing service across Europe after acquiring an operational license in Estonia. Presently available in the United Kingdom, Assets allows clients to hold cash in their multi-currency accounts in various asset classes, while also being… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 26, 2022 @ 7:07 am By JD Alois  |  

Anchorage Digital, a federally chartered digital asset bank, says it is on a mission to connect all businesses to the emerging crypto ecosystem. Anchorage has announced the launch of “Build With Anchorage” and an API environment for institutional partners. The new infrastructure facilitates crypto payment… Read More

October 25, 2022 @ 11:27 pm By Omar Faridi  |  

Baffle, Inc. announced that Saxo Bank is deploying Baffle Data Protection Services “to protect sensitive customer data, ensure compliance with stringent regulations, and support the bank’s migration to a highly scalable cloud and microservices architecture.” Saxo Bank will also be “integrating Baffle into its customer-facing… Read More

October 25, 2022 @ 11:17 pm By Omar Faridi  |  

After delivering some innovative solutions for FedNow in the US and MEPS+ in Singapore, PaymentComponents delivers a P27 solution for the Nordics. Enhancing its Finaplo Financial messaging solution with P27 payments “allows banks in the area to alleviate the burden of transitioning to this new… Read More

October 25, 2022 @ 11:15 pm By Omar Faridi  |  

MoneyLion Inc. (NYSE: ML), the “go-to” destination for financial content, products and advice, announced it launched MoneyLion University (MLU) as part of a financial literacy initiative aimed at “filling a gap in money education across the United States.” MoneyLion has partnered with NFL player and… Read More

October 25, 2022 @ 10:58 pm By Omar Faridi  |  

Finastra recently announced that Delta National Bank & Trust Company has selected Fusion Essence and Fusion Payments To Go “as its new retail core banking and payments solutions to modernize its digital banking infrastructure.” The move will also “support better customer experiences for its international… Read More

October 25, 2022 @ 10:45 pm By Omar Faridi  |  

Cross River Bank, an infrastructure provider that offers embedded financial solutions,  announced a new collaboration with American Express that “allows Cross River to issue credit cards on behalf of fintechs on the American Express network.” Gilles Gade, Founder, President and CEO of Cross River, said:… Read More

October 25, 2022 @ 10:28 pm By JD Alois  |  

Earlier today, during Money20/20, CFPB Director Rohit Chopra commented on the concept of Open Banking (or Open Finance) alongside his perspective on the CFPBs “new approach to regulation.” Chopra stated: “This week, the CFPB will launch the process to activate a dormant authority under Section… Read More

October 25, 2022 @ 10:07 pm By Omar Faridi  |  

An average person “has more than 100 passwords to manage, often making it difficult and frustrating to complete even the simplest online transactions.” Enter MiPass from Mitek (NASDAQ: MITK), a passwordless identity authentication solution that “allows a person to access digital accounts effortlessly and securely using… Read More