March 25, 2022 @ 8:43 am By Omar Faridi  |  

NICE Actimize, a NICE (NASDAQ: NICE) business, has announced the launch of its advanced, X-Sight Entity Risk SaaS solution, which is described as an innovative solution that “produces a single risk score that enables a financial institution to gain a greater understanding of their clients… Read More

March 24, 2022 @ 10:21 pm By Tony Zerucha  |  

Cambodia’s Vattanac Bank this week announced a partnership with global payments network EMQ, to facilitate real-time cross-border payments across Asia. By integrating with EMQ’s API-enabled payments platform, Vattanac Bank said it can further expand to new geographies and provide their customers with multi-currency payout to… Read More

March 24, 2022 @ 9:43 pm By Omar Faridi  |  

Chainalysis, the blockchain data platform, has announced a partnership with Cross River, a tech-driven financial services organization that offers core infrastructure and embedded financial solutions. Cross River is well-known for offering financial services to the Fintech and crypto sectors and will utilize Chainalysis tools “to… Read More

March 24, 2022 @ 8:35 pm By Omar Faridi  |  

  Surecomp, which claims to be a market leader in international trade finance solutions for banking institutions and corporations, has confirmed that Societe Generale has now gone live with the latest version of its IMEX solution for back-office trade finance processing automation across four nations… Read More

March 24, 2022 @ 6:30 pm By Omar Faridi  |  

ANZ has introduced a virtual banking service, ANZ Plus. Smart, “secure” and built on an updated banking platform, ANZ Plus is specifically designed to give Australia-based consumers a lot more visibility and control of their funds. The first release from ANZ Plus is described as… Read More

March 24, 2022 @ 6:19 pm By JD Alois  |  

Last month, the SEC Small Business Capital Formation Advisory Committee held a virtual meeting to discuss the definition of an Accredited Investor. For anyone viewing the meeting, it was clear that Committee members would like to make it easier for individuals to qualify as Accredited,… Read More

March 24, 2022 @ 5:28 pm By Omar Faridi  |  

U.S. Bank and Driveway have collaborated to pay car sellers “immediately” with real-time payments, making Driveway one of the first online car dealerships “to pay customers over the RTP network.” Clients selling a car on Driveway.com may now have the payment deposited “instantly” into their… Read More

March 24, 2022 @ 4:45 pm By JD Alois  |  

In his annual letter to shareholders, Blackstone CEO Larry Fink commented on a broad range of issues including the “end of globalization” and the power of capital markets. The end of globalization is largely due to the unprovoked invasion by Russia and war in Ukraine… Read More

March 24, 2022 @ 4:27 pm By Omar Faridi  |  

Cowen Inc. (NASDAQ:COWN) has announced the launch of its digital asset division, Cowen Digital LLC. Based in Stamford, Connecticut, the division offers full-service trade execution and custody solutions “on a platform that provides institutional clients with secure and compliant access to the digital asset ecosystem.”… Read More

March 24, 2022 @ 4:17 pm By Omar Faridi  |  

Global Processing Services (GPS), an international payment tech platform, has announced a strategic partnership with Mastercard (NYSE: MA). This latest announcement “expands on the two firms’ longstanding relationship stretching back over a decade.” GPS and Mastercard have “worked in partnership to launch and scale hundreds… Read More

March 24, 2022 @ 4:01 pm By JD Alois  |  

PayPal Ventures has invested in Cymbio, a marketplace and dropship automation platform, months after the company completed a $20 million Series B round. PayPal Ventures is, of course, the venture arm of payments platform PayPal (NASDAQ:PYPL). Cymbio is a platform that aims to enable brands… Read More

March 24, 2022 @ 3:57 pm By Omar Faridi  |  

Visa (NYSE: V) has announced a new offering with DoorDash, a “last-mile” logistics platform, in order to help enable faster payouts “to eligible Dashers across Canada.” The latest feature, called DoorDash Fast Pay, is “facilitated by Stripe’s Instant Payouts product, made available through Stripe’s financial… Read More

March 24, 2022 @ 3:52 pm By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), a banking app on a mission to build products that level the financial playing field, has announced a partnership with West Realm Shires Services, Inc., which is the owner and operator of FTX US, “whereby the companies will work together to… Read More

March 24, 2022 @ 3:33 pm By Tony Zerucha  |  

Digits, a real-time finance and accounting platform for small businesses, this week closed a $65 million Series C funding round led by SoftBank with participation from Harry Stebbings’ 20VC Growth, as well as GV and Benchmark. The latest round brings Digits’ total funding to $97.5 million and values the company at $565… Read More

March 24, 2022 @ 3:26 pm By Tony Zerucha  |  

LexisNexis Risk Solutions this week released the results of its latest Cybercrime Report, an analysis of transaction data from the LexisNexis Digital Identity Network in the second half of 2021. The report shows a significant shift to mobile fraud over the last four years, with… Read More

March 24, 2022 @ 3:24 pm By Omar Faridi  |  

MoonPay, the international crypto payments infrastructure provider, has announced the appointment of James Freis as Special Advisor for Global Financial and Regulatory Affairs. James Freis, an advisory lawyer, financial executive and ex-Director of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) will… Read More

March 24, 2022 @ 1:07 pm By Omar Faridi  |  

UBS (SWX: UBSG) has announced the launch of its Virtual Worker Framework, which is described as a new approach to “flexible” working that will offer US workers in eligible roles with the opportunity “to work 100% remotely.” UBS will begin “a phased implementation of the… Read More

March 24, 2022 @ 12:53 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that Martha Legg Miller, Director of the Office of the Advocate for Small Business Capital Formation (OASB), is leaving the agency at the end of April. The SEC added that Sebastian Gomez Abero will serve as Acting… Read More

March 24, 2022 @ 12:34 pm By Omar Faridi  |  

Meta (NASDAQ:FB) has launched a partnership with NatWest, the United Kingdom’s largest business bank, in order to provide financial readiness training and other support “to female business owners.” This is available to all women entrepreneurs as part of Meta‘s #SheMeansBusiness program, which “provides digital skills… Read More

March 24, 2022 @ 12:32 pm By Tony Zerucha  |  

Climate X, a London-based climate risk analytics provider, has raised $5.4M in seed funding. CommerzVentures and A/O PropTech led the round, and were joined by Voyagers Climate Tech Fund, Blue Impact Ventures, Deloitte LLP and angel investors including David Rowan (founding editor-in-chief at WIRED), Kat… Read More