Tagged: digital financial services

October 8, 2023 @ 6:19 pm By Omar Faridi  |  

In a key move in the Brazilian investment market, Nubank (NYSE:NU) announces the launch of the first ETF (exchange-traded fund) in Brazil that pays monthly dividends to shareholders: Nu Renda Ibov Smart Dividendos (NDIV11). The new product results from “a partnership between Nubank’s investment fund… Read More

October 8, 2023 @ 1:37 pm By Omar Faridi  |  

Oxygen, an innovator in the financial technology industry, announced a series of executive hires. These appointments come at a time of “significant” transformation for Oxygen. With a commitment to strengthen its leadership team and provide financial solutions to the marketplace, the company continues “to prioritize… Read More

October 7, 2023 @ 3:31 pm By Omar Faridi  |  

Fintechs Canada launched the “Choose More” campaign, an initiative to raise awareness of how our financial sector could better serve Canadian consumers and businesses. The campaign is a response to the significant financial strains Canadians are experiencing: Canadians are paying thousands of dollars in banking… Read More

October 5, 2023 @ 10:26 pm By Omar Faridi  |  

Vyzer, a digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data “into potent wealth-building strategies and grants… Read More

October 5, 2023 @ 10:23 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions, has expanded its longstanding relationship with Swift by joining the Swift Partner Program as a Platform Partner. As a Partner, Fiserv will “enable connectivity to Swift APIs and enhance support for… Read More

October 5, 2023 @ 10:25 am By Omar Faridi  |  

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

October 5, 2023 @ 9:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly made a deal with primary backer SoftBank on a change to the latter’s shareholding, a strategic move that will clear away a significant barrier in the fintech firm’s pursuit of a UK banking license. The Bank of England’s Prudential Regulation… Read More

October 2, 2023 @ 7:27 pm By Omar Faridi  |  

Addepar has shared key platform updates, research insights and the latest client, partner and company developments. This month, Addepar is highlighting updates that will “enable firms to run reports at enterprise scale, as well as Client Portal improvements that offer more flexibility and functionality to… Read More

October 2, 2023 @ 11:44 am By Omar Faridi  |  

Plaid is pleased to announce several updates to their Transactions product, which enables financial services providers to do even more with transactional data. These new features and quality enhancements from Plaid are “designed to amplify your ability to provide tailored solutions and services, unlocking improved… Read More

October 2, 2023 @ 8:48 am By Omar Faridi  |  

Enterprise blockchain firm Ripple‘s co-founder Chris Larsen recently commented on how the UK has become a major Fintech hub. The UK is also adopting a progressive approach to regulating crypto-assets, according to Ripple co-founder Chris Larsen (although certain significant challenges still remain). The UK has,… Read More

October 1, 2023 @ 9:19 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, recently marked its tenth anniversary serving Irish businesses, “with the release of data revealing widespread, rapid growth in the country’s internet economy.” Over the last decade, conditions for Ireland’s internet businesses “have improved dramatically.” Homegrown startups now “have… Read More

September 30, 2023 @ 3:51 pm By Omar Faridi  |  

As Paysafe Payment Solutions Limited “unilaterally” decided to stop processing EUR deposits for Binance users, Paysafe users are now “advised to take appropriate actions in advance.” Paysafe users may “convert EUR balances in their Binance accounts to USDT before 2023-10-31 at 0:00 (UTC).” Meanwhile, users… Read More

September 29, 2023 @ 1:53 am By Omar Faridi  |  

BCB Group is a crypto-dedicated payment services provider, serving many of the industry’s  clients including Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini and Kraken. It provides payment services in “over 30 currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB’s free, instant settlements network… Read More

September 28, 2023 @ 8:27 pm By Omar Faridi  |  

Farther – the technology-centric wealth management firm – announced the  closure of its oversubscribed Series B, securing $31 million in investments for the round. This development has propelled the firm’s valuation to $131 million, “marking a 2.5x increase compared to its previous valuation – all… Read More

September 26, 2023 @ 8:52 am By Omar Faridi  |  

Nearly nine in ten Americans believe it is time to update the financial system, but progress is being slowed “by resistance of those in power who embrace the status quo: outdated systems that limit economic freedom and opportunity for everyday Americans,” according to an updatre… Read More

September 24, 2023 @ 10:21 pm By Omar Faridi  |  

Starling Bank is raising the interest rate on its 1-Year Fixed Saver from 5.25% to 5.53% AER/Gross. Effective from Thursday 21 September 2023, Starling Bank customers “choosing the Fixed Saver will receive a return of 5.53% on balances of £2,000 – £1 million locked in… Read More

September 23, 2023 @ 6:12 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, has just completed one year of its adherence to Open Finance (a system that allows customer data sharing among financial institutions with consent) and is “positively impacting its customers’ financial… Read More

September 22, 2023 @ 11:04 am By Omar Faridi  |  

BMO is partnering with DailyPay to provide earned wage access to employees of BMO’s commercial clients, providing real-time access to their wages as they earn them with the funds deposited in their direct-deposit account and available to them for immediate use. Andrew Harrison, Head of… Read More

September 22, 2023 @ 6:06 am By Omar Faridi  |  

Global fintech SumUp has launched 7AM payouts in the UK, a feature giving merchants near-instant access to their money. As the UK cost of living crisis persists, SumUp has responded by “working with merchants to ensure they get their money faster, to help manage cash… Read More

September 18, 2023 @ 11:25 am By Omar Faridi  |  

Republic, the operator of the largest investment crowdfunding platforms in the world, has made investing in new opportunities more seamless and accessible. Republic, which gives you power to invest in the future you believe in by taking positions in startups, real estate, crypto and video… Read More