June 1, 2024 @ 10:59 am By Omar Faridi  |  

JRNI, the firm focused on enterprise-scale global customer engagement for financial services, today announced an integration with Backbase, the creator of the Engagement Banking Platform. The integration allows customers of financial institutions “to securely book virtual and in-person appointments leading to improved customer satisfaction, loyalty,… Read More

June 1, 2024 @ 10:51 am By Omar Faridi  |  

Sumsub recently shared Q1 data for deepfake fraud worldwide, showcasing alarming YoY trends in AI-powered scams. With half the world’s population heading to the polls this year, Sumsub, a global full-cycle verification provider, detected “upwards of a 245% YoY increase in deepfakes worldwide.” The findings… Read More

June 1, 2024 @ 10:49 am By Michael Wong  |  

Virrtue, a Texas-based finance and accounting business process outsourcing (BPO) company, announced its acquisition of Virgate, a technology-driven accounting services firm based in Gloucester, England. This move is set to enhance Virrtue’s technological capabilities and expand its footprint in the UK and European markets. Arvind… Read More

June 1, 2024 @ 10:42 am By Omar Faridi  |  

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Jeff Staley as Head of Sales. Staley will be responsible for leading bolt’s sales efforts “across its core business segments and meeting the company’s growth targets.” Staley brings more than… Read More

June 1, 2024 @ 10:41 am By Tony Zerucha  |  

rapid!, a payment solutions provider and the wage and disbursements arm of Green Dot, this week announced the addition of new companies in the staffing, human capital management, and professional services industries; Elevanta, TempWorks, and solved have signed on. “Today’s employers are turning to financial… Read More

June 1, 2024 @ 10:38 am By Tony Zerucha  |  

The American Fintech Council, an association representing Fintech companies and BaaS banks, has submitted a response to the US Department of Treasury, Financial Crimes Enforcement Network (FinCEN) Request for Information (RFI) related to existing requirements for banks under the Customer Identification Program (CIP) Rule. The… Read More

June 1, 2024 @ 10:34 am By Michael Wong  |  

The International Finance Corporation (IFC), part of the World Bank Group, has launched a new initiative to facilitate financial support for small businesses in emerging markets, particularly those owned by women and those in the agriculture and climate sectors. The MSME Finance Platform will channel… Read More

May 31, 2024 @ 9:48 pm By Omar Faridi  |  

Earlier this month, Google launched its much-awaited Google Wallet app in India. Fintech company Pine Labs shed more light on the close collaboration with Google Wallet to enable “a seamless integration of Gift Cards on the product.” The ‘power of choice’ associated “with e-gifting appeals… Read More

May 31, 2024 @ 4:46 pm By Omar Faridi  |  

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

May 31, 2024 @ 4:36 pm By Omar Faridi  |  

FintechOS, an end-to-end financial product management platform, announced the successful completion of a $60 million Series B+ round. This investment round was led by Molten Ventures, Cipio Partners, and BlackRock, “alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.” The new funding round comes… Read More

May 31, 2024 @ 4:30 pm By Suki Gao  |  

To the surprise of nobody, female-led SMEs often face significant hurdles in the hyper-competitive global marketplace, primarily due to systemic biases and gender disparities entrenched within financial systems. Studies have consistently shown that women entrepreneurs encounter more challenges in securing financing compared to their male… Read More

May 31, 2024 @ 2:14 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings, and Northern Trust, has partnered with Forteus Investment Management, the investment advisory business of the Numeus Group, and backed by Schroders, to provide secure custody and staking solutions. Forteus’ Digital Asset… Read More

May 31, 2024 @ 1:57 pm By Omar Faridi  |  

DailyPay, a worktech company and the leading provider of earned wage access, celebrates a significant milestone as South Carolina Governor Henry McMaster signed Senate Bill 700 into law on May 21, 2024. This legislation received bipartisan support and “created a new license for earned wage… Read More

May 31, 2024 @ 10:32 am By JD Alois  |  

The  Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has scheduled a hearing to review the tokenization of real-world assets (RWA). Typically, this entails utilizing blockchain (or DLT) technology to turn assets into digital assets.  While traditional securities… Read More

May 31, 2024 @ 10:22 am By Omar Faridi  |  

Marie Seiller has reportedly been appointed Resources, Operations and Transformation Director at the Autorité des Marchés Financiers (AMF). Currently Chief accountant at the Autorité des Marchés Financiers (AMF), Marie Seiller will head “the Resources, Operations and Transformation Directorate (DRST) from 27 May 2024.” In this… Read More

May 31, 2024 @ 10:20 am By Omar Faridi  |  

CIBC announced it is the first major financial institution to launch a bundled digital credit card and deposit account application for those new to Canada, making it faster and more convenient for these clients to make key banking decisions sooner. Michael Clabby, Executive Vice-President, Head… Read More

May 31, 2024 @ 9:35 am By Omar Faridi  |  

OKX and Jambo, a Web3 mobile infrastructure builder, have recently announced a partnership aimed at enhancing the accessibility of the digital economy in emerging markets by combining advanced Web3 and mobile technologies. This partnership reportedly follows “a strategic investment in Jambo made by OKX’s investment… Read More

May 31, 2024 @ 9:27 am By Omar Faridi  |  

The UK reportedly witnessed the announcement of 389 venture capital (VC) funding deals worth $3.6 billion from January to April 2024. This is a year-on-year (YoY) decline “of 21.4% in terms of deal volume and 32.8% in terms of value,” according to GlobalData, a data… Read More

May 31, 2024 @ 9:24 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, announced today a $25 million contribution to Fairshake, a federal super PAC committed to supporting pro-crypto, pro-innovation political candidates during the 2024 elections. This investment is in addition to the $25 million Ripple contributed “to Fairshake… Read More

May 31, 2024 @ 9:23 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and real estate funding specialist, ASK Partners have provided a £19.5m co-loan to independent hotel management business, Capilon Hotels Group. Capilon specializes in property investment, development and management of various sectors and asset classes, with “a particular… Read More