September 30, 2024 @ 8:47 am By Omar Faridi  |  

UK Fintech firm Codat has recently released its FY 2023 report. The UK based Fintech Codat is reporting a modest £14 million in total revenue for this period a swell as £34 million in losses for the same financial period. Codat is a UK-headquartered fintech… Read More

September 30, 2024 @ 8:41 am By Omar Faridi  |  

Building on the multimarket partnership to enable flexible payments adoption in the region, Mastercard (NYSE: MA) and ZOOD, one of the digital lending platforms for e-commerce in the Middle East and Central Asia, has introduced a BNPL card – ZOOD Card – in Uzbekistan. The… Read More

September 30, 2024 @ 8:40 am By Omar Faridi  |  

Scila AB, the Stockholm-based independent provider of trade surveillance, risk management and anti-money laundering (AML) technology has announced that Erste Group, a European financial institution, has implemented Scila Surveillance. Scila Surveillance is a trade surveillance cloud-powered solution meant for comprehensive monitoring of trading activities across… Read More

September 30, 2024 @ 7:52 am By Omar Faridi  |  

Circle, a global financial technology firm, releases its first Global Impact Report on the grounds of the United Nations. Examples in the report from Circle reportedly demonstrate the “inherent” power of open blockchain-based financial infrastructure to streamline aid delivery as well as remittances for humanitarian… Read More

September 29, 2024 @ 11:15 pm By Michael Wong  |  

The Federal Bureau of Investigation (FBI) have seized more than $6 million in cryptocurrency from international perpetrators involved in fraudulent investment schemes, according to an official announcement. Matthew M. Graves, U.S. Attorney for the District of Columbia, along with U.S. Attorney Francis M. Hamilton III… Read More

September 29, 2024 @ 10:17 pm By Michael Wong  |  

The European Investment Fund (EIF) and Hungarian National Capital Holding (NCH) have announced the launch of Impact Ventures III, a €40 million venture capital fund aimed at supporting early-stage, innovative small and medium-sized enterprises (SMEs) and startups with positive social and environmental impacts in Hungary… Read More

September 29, 2024 @ 6:25 pm By Omar Faridi  |  

FIS (NYSE: FIS) says it will provide a complete end-to-end loyalty program management platform for Commerce Bank, a Midwest regional bank with over $30 billion in assets and nearly 160 years of history. By collaborating with FIS on this strategic initiative, Commerce Bank seeks to… Read More

September 29, 2024 @ 6:22 pm By Tony Zerucha  |  

This week, Marqeta (NASDAQ: MQ), a global modern card issuing platform that enables embedded finance solutions, announced a partnership with Found, a business banking platform that supports small businesses and the self-employed. Found’s commercial card solution, powered by Marqeta, allows small businesses and self-employed entrepreneurs to… Read More

September 29, 2024 @ 6:14 pm By Omar Faridi  |  

Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential… Read More

September 29, 2024 @ 6:10 pm By Omar Faridi  |  

Scotiabank is helping recent immigrants to Canada settle into their new lives faster with the expansion of its partnership with Nova Credit, the cross-border credit bureau operating in Canada. Through this partnership, Scotiabank is helping newcomers from select countries2 with the opportunity to “access higher… Read More

September 29, 2024 @ 6:06 pm By Omar Faridi  |  

Committed to safeguarding its members in their times of need, Santa Rosa, Calif.-based Community First Credit Union announced it has partnered with TruStage, financially “strong” insurance, investment and technology provider, to integrate its Payment Guard embedded insurance strategy into the credit union’s indirect auto loan… Read More

September 29, 2024 @ 6:02 pm By Tony Zerucha  |  

Stripe, Databricks, Rippling, and OpenAI all made the cut when Forge (NYSE: FRGE), a private market platform, identified the Private Magnificent 7, which comprises seven of the largest, most resilient, and highest-performing companies in the U.S. innovation economy. Much like their public market counterparts, this… Read More

September 29, 2024 @ 5:54 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, “while simultaneously reducing costs and risks through pre-configured… Read More

September 29, 2024 @ 5:46 pm By Omar Faridi  |  

Global Fintech Broadridge Financial Solutions, Inc. (NYSE: BR)  announced that Skandinaviska Enskilda Banken AB (SEB) is leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international and domestic markets. SEB is an established, long-standing user of Broadridge‘s front and middle… Read More

September 29, 2024 @ 1:03 pm By Omar Faridi  |  

Qist Bazaar, Pakistan’s Buy Now Pay Later (BNPL) fintech startup, announced that it has secured $3.2 million in its Series A funding round. The round was led by Indus Valley Capital, with “participation from Gobi Partners, a prominent Asia-focused venture capital firm with $1.6 billion… Read More

September 29, 2024 @ 1:02 pm By Omar Faridi  |  

Backbase is pleased to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set… Read More

September 29, 2024 @ 12:58 pm By Omar Faridi  |  

Hemi and Layerbank will collaborate to provide users with an industry-leading platform for lending and borrowing Hemi-based assets. Hemi Network is teaming up with LayerBank, the 8th largest lending protocol on DeFiLlama, “with $750M in Total Value Locked (TVL).” LayerBank is bringing its lending and… Read More

September 29, 2024 @ 12:36 pm By Omar Faridi  |  

BILL (NYSE: BILL), a financial operations platform for small and midsize businesses (SMBs), announced new payment offerings for SMBs and accountants to make payments faster, easier, and more secure. The new capabilities, which are “part of BILL’s powerful payments engine, include a new international payment… Read More

September 29, 2024 @ 12:33 pm By Omar Faridi  |  

Amplify Growth Partnership has announced the launch of its growth debt fund. The $100 million fund aims to “provide debt capital to technology focused companies across the MENA region.” The Fund is also pleased to announce “that it has successfully closed its first transaction, deploying… Read More

September 29, 2024 @ 12:31 pm By Michael Wong  |  

Israel officially joined the Asian Development Bank (ADB) as its 69th member and 20th nonregional member on Thursday, after fulfilling all necessary membership requirements. Israel submitted its application for ADB membership in January 2022. The ADB Board of Governors approved the membership on April 14,… Read More