Tagged: digital financial services

July 27, 2023 @ 8:26 pm By Omar Faridi  |  

Inside Addepar, a recap of key Addepar platform updates, research insights and client, partner and company developments, has shared that in July 2023, the firm introduced new product enhancements, which include “scheduling for daily reports and customizable charts in Navigator.” The Addepar Research team published… Read More

July 27, 2023 @ 2:29 pm By Omar Faridi  |  

Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More

July 27, 2023 @ 8:09 am By Omar Faridi  |  

Global financial platform Airwallex has delivered “a 115 percent increase in revenue across Australia and New Zealand YoY.” The progress comes as Airwallex “delivers global revenue growth of 120 percent YoY and global transaction volume growth of 77 percent YoY.” The revenue and transaction volume… Read More

July 26, 2023 @ 8:43 pm By Omar Faridi  |  

  Travis Everett, Chief Operating Officer (COO) of National Merchants Association (NMA), has shared key insights with Crowdfund Insider on FedNow, the new instant payments and transfer service offered by the US Federal Reserve. The new service became operational this past week, with 35 financial… Read More

July 26, 2023 @ 7:43 am By Omar Faridi  |  

Digital bank N26 announced the appointment of Carina Kozole as Chief Risk Officer and Managing Director of N26 AG. She will begin in her new role later this year, and will “assume responsibility for risk management at the digital bank.” Carina reportedly brings “with her… Read More

July 25, 2023 @ 11:21 pm By Omar Faridi  |  

One year after launching its marketplace, Nubank (NYSE:NU), one of the world’s largest digital financial services platforms, is partnering with the traditional retail chain Casas Bahia in order “to implement a new shopping experience in its app.” Now, Nu customers will “have an even more… Read More

July 25, 2023 @ 9:20 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) issued the Annual Performance Report of the Saudi Finance Companies Sector 2022. The report outlines the sector’s key developments and financial results in 2022. According to the report, most indicators in the finance companies sector “grew at varying rates in… Read More

July 25, 2023 @ 6:38 pm By Omar Faridi  |  

Chime is pleased to announce that Madhu Muthukumar has joined the company as our first Chief Product Officer (CPO). This appointment furthers Chime’s commitment “to creating the next wave of innovative products and services critical to their members’ needs and their long-term success as we… Read More

July 24, 2023 @ 11:45 am By Omar Faridi  |  

Klarpay AG is pleased to announce an enhancement to its services, allowing clients to create U.S. Dollar denominated Visa debit cards “linked to Corporate USD accounts.” This offering aims “to improve the way Klarpay clients transact with popular services, which are often charged in USD,… Read More

July 24, 2023 @ 8:55 am By Omar Faridi  |  

Atlantic Money, the provider of fixed fee international money transfers, marks its one-year anniversary by releasing its inaugural company figures. The fintech has achieved significant milestones “in both transfer volume and cost savings, solidifying its position in the market.” During its first year of operation,… Read More

July 23, 2023 @ 4:42 pm By Omar Faridi  |  

Bankjoy, an end-to-end digital banking provider, announced its partnership with Plaid, the open finance provider powering the digital financial ecosystem. Institutions on the Bankjoy platform will now be able “to offer their customers API access to Plaid’s network of more than 8,000 fintech apps and… Read More

July 22, 2023 @ 4:42 pm By Omar Faridi  |  

Backbase, a provider of Engagement Banking, has announced that Orient Commercial Joint Stock Bank (OCB) has chosen Backbase to power its omnichannel banking modernization in a signing ceremony on 20 July 2023. OCB’s goal is to create a personalized digital banking system “for each customer… Read More

July 21, 2023 @ 3:45 pm By Omar Faridi  |  

Citi (NYSE: C) has launched its Trade and Working Capital eLoans solution for its U.S. CCB clients. The solution is designed to help clients “meet their current and projected working capital needs through loan advances via Citi’s easy to use and secure eLoans platform.” The… Read More

July 21, 2023 @ 9:01 am By Omar Faridi  |  

Nexpay, a Lithuanian Electronic Money Institution (EMI) providing business banking solutions for digital companies, has announced its enhanced service offering by adding SWIFT payments in 23 currencies. This strategic move caters “to the evolving needs of digital businesses worldwide and advances Nexpay‘s ambition to bring… Read More

July 20, 2023 @ 11:22 pm By Omar Faridi  |  

GoCardless, the bank payment company, has announced a partnership with embedded finance solution provider UNIPaaS, who will be the latest payment service provider (PSP) to tap into the fintech’s global bank payment network via a white-label integration. Through GoCardless Embed, UNIPaaS will be able “to… Read More

July 20, 2023 @ 11:02 pm By Omar Faridi  |  

Nordea has entered into an agreement with Danske Bank to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit “for Nordea and will strengthen Nordea’s market position in Norway among household customers.” The… Read More

July 20, 2023 @ 10:59 pm By Omar Faridi  |  

Klarna, the global payments network and shopping destination, announced a partnership with the Money Adviser Network to help its consumers access free and impartial debt advice quickly, as part of wider efforts to promote healthy spending. This makes Klarna the first Buy Now Pay Later… Read More

July 20, 2023 @ 4:52 pm By Omar Faridi  |  

WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced that WisdomTree Prime is now available, “granting investors access to the blockchain-enabled financial app built to save, spend, and invest in digital assets and WisdomTree Digital Funds.” The personal finance app is “available in the Apple… Read More

July 18, 2023 @ 11:27 pm By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization. In 2022, Canadian Tire Bank chose the Temenos… Read More

July 18, 2023 @ 10:55 pm By Omar Faridi  |  

Payhawk, a global spend management solution, has launched in Lithuania and opened a local office in Vilnius. Having recently obtained an Electronic Money Institution (EMI) license from the Bank of Lithuania, the company is looking “to hire a team of finance professionals that will help… Read More