Tagged: digital financial services

Galileo Financial Technologies Streamlines B2B Expense Management Offering with Mastercard Smart Data

Galileo Financial Technologies, a financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, an expense reporting and analytics suite…. Read More

UK Consumers May Be Almost £24.5B Per Year Better Off By Using Digital Financial Management Tools – Report

Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

Remitly Global Appoints Finance Professional Vikas Mehta as CFO

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More

Evolve Bank Shares Update on Cybersecurity Incident, Will Begin Individual Notifications Today (July 8)

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

Betterment for Advisors Enhances Platform with New Integration Partners

Betterment, the independent digital financial advisor, announced that Betterment for Advisors, its RIA custody division, has added new integrations with eMoney Advisor, Kwanti and Panoramix, which are available immediately to all advisors on the platform. Independent advisors need tools and software that “can work together… Read More

Investments into Digital Commerce Ecosystem Contracted, Impacted By Inflation and Cost of Living Crisis – Report

Investments into the e-commerce enablement ecosystem contracted in Q1, producing $1.7 billion across 83 deals, marking decreases of 52.2% and 26.5%, respectively, relative to Q4 seasonal increases. This, according to a report from PitchBook. PitchBook further noted that Q1 2024 approached parity “with Q3 2023,… Read More

Robinhood Markets Announces $1B Share Repurchase Program, Company Stock Moves Up

The board of directors of Robinhood Markets, Inc. (NASDAQ: HOOD) has authorized a $1 billion share repurchase program, “demonstrating management and the board’s confidence in Robinhood’s financial strength and future growth prospects.” Jason Warnick, Chief Financial Officer of Robinhood, said: “As our business and cash… Read More

DriveWealth, a Fintech Platform Providing Brokerage-as-a-Service, Announces Key Executive Appointments

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, announced  the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations. In their respective roles, Murphy and Veisz will “help to further expand DriveWealth’s footprint in global markets, develop… Read More

Monetary Authority of Singapore (MAS) and People’s Bank of China to Advance Cooperation in Green Finance

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The initiatives discussed covered… Read More

SoFi Boosts Lending Capabilities with Personal Loan Securitization Placement with PGIM

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement, in Q1 2024, of “a $350 million personal loan securitization” exclusively with funds and accounts… Read More

Banque Internationale à Luxembourg Now Live with Temenos to Transform Core Banking and Payments

Temenos (SIX: TEMN) announced that Banque Internationale à Luxembourg (BIL), one of the largest universal banks in Luxembourg, has gone live with Temenos core banking and payments to increase agility and efficiency of its retail, corporate and private banking operations. The move gives BIL the… Read More

Tuum and TransactionLink to Enhance Fintech Onboarding Processes

Tuum, the core banking services provider, is pleased to announce a new partnership with TransactionLink, a key player focused on end-to-end KYB/KYC automation solutions. This collaboration aims to tackle “the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth… Read More

UK’s Allica Bank Introduces Partnerships Team to Focus on Collaborations with Accountancy Firms

Allica Bank – the digital challenger bank built especially for established SMEs – has announced the launch of a new partnerships team, specifically focused on growing its relationships with accountancy firms across the UK. Allica, the business bank, sees accountants as “a vital connection to… Read More

Crowded Introduces International Currency Transfers for Nonprofits, Supported by Visa Direct and Cross River

Crowded, a digital platform dedicated to providing nonprofits and membership organizations modern, tech-enabled financial services that meet their unique needs, announced a new collaboration with Visa, the digital payments provider, to implement Visa Direct. Powered by Cross River, a technology infrastructure provider “that offers embedded… Read More

UK Fintech Tide to Introduce Business Accounts in Germany with Adyen

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has partnered with Tide, the UK’s business financial platform, to offer small and medium-sized businesses (SMEs) Tide business accounts, first in Germany before potentially expanding further into Europe. Following its announcement of strategic… Read More

League Data in Canada to Bring Mambu Cloud Banking to Credit Unions

Recent pilot conversion to completely digital cloud-based core banking platform is next step in digital transformation for Atlantic credit unions. A first for the Canadian financial industry, League Data, the CIO and technology partner for Atlantic credit unions, announced that they have successfully converted Brunswick… Read More

Working Capital Fintech C2FO TReDS Platform Goes Live with State Bank of India and Dabur India as Participants

In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone live with India’s largest bank State Bank of India (SBI) and Dabur India Ltd. among the inaugural participants on the platform. This milestone follows the… Read More

Billtrust, a B2B Order-to-Cash and Digital Payments Firm, Announces Key Appointment

Billtrust, a B2B order-to-cash and digital payments firm, has announced that Brian Daniell has joined the company as Chief Customer Officer. Committed to customer education and enablement, Brian will “oversee global customer operations and strategy and report to CEO Sunil Rajasekar.” He joins Billtrust at… Read More

BBVA Proposes to Banco Sabadell to Merge Both Firms to Establish European Banking Entity

BBVA proposes that Banco Sabadell merge both entities to create a European financial service provider. In a letter addressed to the Board of Directors of Banco Sabadell, BBVA emphasizes that the combination of both entities “would give rise to the most attractive industrial project in… Read More

Cross River Reports $200M in Commercial Banking Group Real Estate Loan Originations

Cross River Bank, a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its Commercial Banking Group (CBG) and real estate lending platform, has reportedly “closed over $200 million in originations in the first quarter of the year.” “True” to the company’s… Read More

Send this to a friend