September 27, 2023 @ 2:01 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its partnership with Tuily, the Colombian fintech that improves expense management for small and medium-sized enterprises (SMBs) which has now enabled Apple Pay for its business customers. Launched in 2023, Tuily stands as a Colombian Fintech company “with a commitment… Read More

September 27, 2023 @ 1:57 pm By Omar Faridi  |  

Infinicept, a provider of embedded payments, and Datacap Systems, Inc., a hardware and processor-agnostic omnichannel payments provider, announced a partnership to provide coordinated support for vertical software companies on their embedded payments journeys. Infinicept’s embedded payments platform, PayOps and Payfac as a Service, Launchpay, paired… Read More

September 27, 2023 @ 1:53 pm By Omar Faridi  |  

Bold Penguin has partnered with NEXT Insurance, a technology-first small business insurer, to enhance small business coverage options on the Bold Penguin Terminal. Founded in 2016 by insurance agents for insurance agents, Bold Penguin is on a mission to simplify small commercial insurance “for carriers… Read More

September 27, 2023 @ 11:59 am By Omar Faridi  |  

Traydstream, a fintech company at the nexus of digitizing and automating the trade finance industry, announced the successful completion of its $21 Million Series B financing round. Led by Pivot Investment Partners, a U.S.-based fintech investment firm, and e& capital, the investment arm of e&,… Read More

September 27, 2023 @ 11:16 am By Michael Wong  |  

Visa Inc announced that it will introduce Account-to-Account (A2A) payments in the UAE through a partnership agreement with fintech firms ABHI and YellowPepper. In a statement, Visa said the collaboration aims to revolutionize the financial landscape by driving innovation, promoting financial inclusion, and accelerating the… Read More

September 27, 2023 @ 10:14 am By JD Alois  |  

In the minutes before the testimony by SEC Gary Gensler in front of the House Financial Services Committee, the leadership has distributed a letter pounding Chair Gensler on the “cumulative impact” of the SEC’s rulemakings during his tenure. The Republican leadership demands that Gensler “ahalt… Read More

September 27, 2023 @ 9:55 am By JD Alois  |  

  Today, commencing shortly, SEC Chair Gary Gensler will testify in front of the House Financial Services Committee. You can expect a good grilling of Chair Gensler as the Republic-controlled Committee has pushed against his aggressive rule-making agenda that has propelled the SEC into the… Read More

September 27, 2023 @ 9:29 am By Omar Faridi  |  

Vega, a UK-based wealthtech platform set up by a team of former executives from hedge funds, private equity firms, and fintech scale-ups, has launched with over $8 million in equity investment from venture capital firms and angel investors. Alexis Augier, founder and CEO of Vega,… Read More

September 27, 2023 @ 9:24 am By Omar Faridi  |  

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

September 27, 2023 @ 8:45 am By Michael Wong  |  

Global crypto exchange Bybit and the Dubai Multi Commodity Centre (DMCC) have announced the launch of “Web3 Unleashed: Crypto Innovation Challenge” hackathon in Dubai. The event promises $100,000 prize pool and comes on the heels of a partnership that has already seen Bybit contribute AED500,000… Read More

September 27, 2023 @ 8:04 am By Omar Faridi  |  

August was a benchmark month for Estateguru, with a “record-breaking” €15.0M successfully repaid by borrowers. Estateguru also reports that it saw €10,0M in loans funded across all of their markets. August was a key month for Estateguru, with substantial repayments by platform borrowers. In addition… Read More

September 27, 2023 @ 8:02 am By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues along with facing other major compliance and operational challenges, has entered into an agreement to sell the entirety of its Russia business to CommEX. To ensure a smooth process for existing… Read More

September 27, 2023 @ 7:23 am By Omar Faridi  |  

Atomic, a key player focused on financial connectivity solutions, announced the launch of PayLink, a solution suite that streamlines payment switching, “making it easier for consumers to switch their primary banking relationship.” In addition to providing a significantly improved consumer experience, this solution brings Atomic… Read More

September 27, 2023 @ 4:55 am By Omar Faridi  |  

Vestwell, the employer and individual savings platform, announced New Jersey has selected the company as its program administrator for the Secure Choice Savings Program. The partnership will provide New Jersey residents access “to modern retirement plans through their employers and marks Vestwell’s seventh state-facilitated retirement… Read More

September 27, 2023 @ 1:07 am By Omar Faridi  |  

Ocrolus, a firm focused on AI-driven financial document automation, announced the launch of an enhanced dashboard for mortgage lenders featuring the ability to automate income calculations for both traditional and self-employed borrowers. The solution combines three trusted Ocrolus capabilities – Classify, Capture and Analyze –… Read More

September 26, 2023 @ 10:52 pm By Omar Faridi  |  

PhonePe announced the launch of the Indus Appstore Developer Platform. With this launch, Indus Appstore is inviting all Android app developers to register and upload their apps using the self-serve developer platform. These apps will be listed on the soon to be launched “Made-in-India” Indus… Read More

September 26, 2023 @ 9:23 pm By Michael Wong  |  

Funding Societies, also known as Modalku, Southeast Asia’s largest unified SME digital finance platform, has successfully secured $27 million in debt funding, led by private credit financier AlteriQ Global. Multi-family office Aument Capital Partners (ACP) and sustainability-focused fund Orange Bloom also contributed to this funding… Read More

September 26, 2023 @ 8:59 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has penalized Bobbob Pty for its representations about a crypto-asset-linked investment product. Bobbob has settled the claims by paying $53,280 to comply with ASIC’s “infringement notices.” In a statement, ASIC explained that it was concerned that Bobbob made… Read More

September 26, 2023 @ 8:51 pm By Omar Faridi  |  

A new study by Juniper Research, the professional team focused on fintech & payments markets, has found by next year, digital commerce transaction volumes will “reach 1.08 trillion globally; rising from 966 billion this year – a very strong 12% growth in a single year.”… Read More

September 26, 2023 @ 8:48 pm By Omar Faridi  |  

Founding members including HSBC UK, Nationwide Building Society, Tesco Bank, NewDay, Co-operative Bank and Ovo have come together to launch Support Hub, a free platform powered by Experian that “shares access needs with multiple organisations in one go.” Nearly three-quarters (73%) of disabled people “have… Read More