May 4, 2024 @ 9:33 am By Omar Faridi  |  

A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute (NYSE: BAC). While… Read More

May 4, 2024 @ 8:45 am By Omar Faridi  |  

MoonPay now lets users buy and sell crypto funded by PayPal (NASDAQ: PYPL). MoonPay’s integration with PayPal reportedly “offers a seamless fiat-to-crypto experience for all PayPal users in the U.S.” MoonPay, the Web3 infrastructure company, has recently announced a collaboration with PayPal that allows MoonPay… Read More

May 4, 2024 @ 8:42 am By Omar Faridi  |  

ColCap Financial UK Limited and Molo Tech Limited have completed their first securitization, ‘Molossus BTL 2024-1’. The securitization totals £300 million of prime UK buy-to-let mortgage loans “in England and Wales.” It is a Residential Mortgage-Backed Security (RMBS) transaction. ColCap is a privately-owned, Australian non-bank… Read More

May 3, 2024 @ 7:03 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has agreed to acquire Parsionate, a data consultancy specialized in data products and modern data foundation services, ranging from data strategy development to technology implementation. With deep industry-specific capabilities in the retail and industrial sector, as well as in the consumer goods… Read More

May 3, 2024 @ 7:02 pm By Omar Faridi  |  

A delegation comprising executives from 11 Azerbaijani banks, under the leadership of the Governor of the Central Bank of Azerbaijan, embarked on a mission to the United States. Organized by the U.S.-Azerbaijan Chamber of Commerce (USACC), a Washington, D.C.-based trade association, in partnership with Azerbaijan… Read More

May 3, 2024 @ 6:59 pm By Tony Zerucha  |  

A report from the Small Business Payments Alliance (SBPA) finds that the majority of small businesses oppose new government payment network mandates. They believe the Durbin-Marshall bill, aka the Credit Card Competition Act, will disproportionately benefit the top five businesses in the United States by creating a… Read More

May 3, 2024 @ 6:57 pm By Omar Faridi  |  

Obligate has announced a partnership with XBTO, an enabler of digital assets and crypto finance. This collaboration is launched with the issuance of “a $1 million USDC tokenized bond by BermudAir, marking the beginning of their partnership.” The funds from this issuance will be “utilized… Read More

May 3, 2024 @ 6:33 pm By Tony Zerucha  |  

The 2023 LexisNexis True Cost of Fraud Study – Asia Pacific finds that fraud costs APAC-based businesses nearly quadruple the face value lost in fraudulent transactions. In Australia, 66% of companies reported an increase in fraud in the 12 months prior to the survey, while… Read More

May 3, 2024 @ 2:22 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing Fintech companies, including the largest earned wage access (EWA) providers, has joined with members in a letter to the South Carolina House Committee on Labor, Commerce and Industry endorsing legislation to regulate the burgeoning financial service… Read More

May 3, 2024 @ 12:44 pm By Tony Zerucha  |  

DailyPay, a leading provider of earned wage access, this week announced that Brett Pitts has joined its board of directors. Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove… Read More

May 3, 2024 @ 10:40 am By Omar Faridi  |  

Over the last decade, Fintech has undergone a significant transformation and period of growth, marked by the digitization and democratization of access to financial services to more Americans. To gain insights into what the future holds, we spoke with Ben Borodach, the co-founder and CEO… Read More

May 3, 2024 @ 10:24 am By Omar Faridi  |  

AccessFintech, the provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon, the global financial services company, to bring a joint solution to the market for addressing foreign exchange (FX) workflow challenges ahead of the forthcoming T+1 settlement regulations. Upcoming… Read More

May 3, 2024 @ 9:33 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged BF Borgers CPA PC and its owner, Benjamin F. Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings… Read More

May 3, 2024 @ 9:11 am By JD Alois  |  

TransferGo, and Tink have announced a partnership to enable international transfers and payments call Pay by Bank. Owned by Visa, Tink is a payments and transfers Fintech that is connected to over 6000 banks. Founded in Sweden, the company also provides banking and lending solutions…. Read More

May 3, 2024 @ 8:55 am By Omar Faridi  |  

Outpayce, which was launched last year to evolve Amadeus’ travel payments business, has been granted an eMoney institution (EMI) license by the Bank of Spain. As a licensed eMoney issuer, Outpayce will be able “to provide regulated payment services in Spain such as accepting customer… Read More

May 3, 2024 @ 8:49 am By Omar Faridi  |  

Checkout.com, a global digital payments provider, announces a partnership with Mastercard to bring virtual cards to Online Travel Agents. As part of the Mastercard Wholesale Program, which “reduces costs for travel businesses through virtual card technology and an innovative pricing model, customers of Checkout.com will… Read More

May 3, 2024 @ 8:31 am By Omar Faridi  |  

Zopa Bank, which began operations as a P2P lending platform but has evolved into a digital bank, has reportedly surpassed £4 billion in customer deposits. Zopa Bank says it achieved this milestone in under 4 years since acquiring its banking license. It has helped that… Read More

May 3, 2024 @ 8:23 am By Omar Faridi  |  

Estateguru is pleased to announce that their investors have now provided €800,000,000 in funding through their platform. The projects they have funded are now said to be “a feature of the modern European landscape, and a testament to the constructive power of informed investment.” The… Read More

May 2, 2024 @ 9:55 pm By Omar Faridi  |  

MAS-regulated custodian Propine has announced its support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar and designed to bridge the $5 trillion trade finance gap. This development positions FXD at the forefront of real-world assets (RWA), leveraging the power of blockchain to… Read More

May 2, 2024 @ 7:48 pm By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced the launch of a unique multi-strategy private market offering with Resona Bank, a commercial bank in Japan that provides a wide range of services including trust business. The… Read More