Tagged: digital financial services

July 10, 2023 @ 3:30 pm By Omar Faridi  |  

A survey from Betterment, the largest independent digital financial advisor in the US, finds that despite market instability, retail investors are “optimistic about their financial futures.” The research report, which tracks data from 1,200 retail investors across four generations (Gen Z, Millennials, Gen X, and… Read More

July 10, 2023 @ 10:54 am By Omar Faridi  |  

Global fintech SumUp has announced the appointment of Anna Kuriakose as Chief Product Officer. She joined SumUp in mid-June 2023 and will be “based in London.” Anna was formerly at Meta, “where she was the product director for Messenger on Windows and Mac and web-based… Read More

July 9, 2023 @ 12:59 pm By Omar Faridi  |  

Moneyhub, the data and payments platform built on the principles of Open Banking and Open Finance, has announced a partnership with MX Technologies, Inc., which claims to be a leader in Open Finance in North America. This partnership enables Moneyhub and MX “to leverage each… Read More

July 8, 2023 @ 3:23 pm By Omar Faridi  |  

Apple has reportedly removed several malicous lending apps targeting unsuspecting users in India. The apps had allegedly used unethical methods in order to collect repayments, like threatening to send deepfake nudes to the borrowers’ personal contacts. In the last week, Apple (NASDAQ:AAPL) has removed various… Read More

July 7, 2023 @ 6:58 pm By Omar Faridi  |  

Nexo, which claims to be the world’s leading digital assets institution, recently marked a significant milestone with the successful completion of its independent Type 2 SOC 2 audit. This step underlines Nexo‘s commitment “to delivering industry-leading client data security and ensures an elevated experience for… Read More

July 7, 2023 @ 9:11 am By Omar Faridi  |  

Members of the U.S. financial services sector published the findings of a proof of concept (PoC) that explored the feasibility of the regulated liability network (RLN), which is envisioned “as an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger.” While today’s… Read More

July 6, 2023 @ 4:40 pm By Omar Faridi  |  

Financial wellbeing platform, Claro Wellbeing, and expert in global pay solutions, CloudPay, have announced a new partnership to provide financial wellbeing and education via the CloudPay NOW app. Claro Wellbeing, the financial education and wellbeing provider, “which offers financial coaching, e-learning courses and webinars, is… Read More

July 6, 2023 @ 10:17 am By Omar Faridi  |  

Mbanq, the US-based Fintech innovator and global Banking-as-a-Service (BaaS) provider, has announced that Cheqly, a Fintech that makes banking simple for startups, has launched utilizing Mbanq’s BaaS platform. With this partnership, Cheqly provides its customers “with an improved banking experience that is specifically focused on… Read More

July 6, 2023 @ 7:21 am By Omar Faridi  |  

Mambu, an SaaS cloud banking platform, today announced it is now available on Google Cloud Marketplace. This opens the door for more fintechs, neobanks, traditional banks, and non-financial institutions “to embrace cloud technology.” The announcement builds on Mambu‘s existing partnership “with Google Cloud, which has… Read More

July 5, 2023 @ 10:10 pm By Omar Faridi  |  

On the back of a solid start to 2023, embedded banking platform BankiFi has denounced three misconceptions around a new class of digital only neobanks that continue “to persist despite ample evidence to dispel them.” As part of its efforts to highlight the issues faced… Read More

July 5, 2023 @ 5:32 pm By Omar Faridi  |  

The financial institution is launching a new job portal “to attract people with technological backgrounds in the different countries where it has a presence.” The Group expects to end 2023 “with over 2,600 new hires of this type of professionals, 1,000 of which will be… Read More

July 5, 2023 @ 1:27 am By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, recently announced the opening of its new headquarters in Singapore. The ceremony was officiated by Mr. Heng Swee Keat, Deputy Prime Minister of Singapore. The new facility, located strategically at Capital Tower in the… Read More

July 3, 2023 @ 6:52 pm By Omar Faridi  |  

Wealthtech firm Addepar has shared key updates, research insights and commented on client, partner and company developments. This past month, Addepar is highlighting “enhanced chart customization capabilities to uplevel reports, as well as the beta release of our in-app import tool to more efficiently bring… Read More

July 3, 2023 @ 3:11 pm By Omar Faridi  |  

From 3rd July 2023, Monzo Premium’s worldwide family travel insurance will be provided by Zurich, powered by Qover. Most of the things covered by the insurance will “stay the same.” As will the excess amount and the price of Monzo Premium, the team at Monzo… Read More

July 3, 2023 @ 10:37 am By Omar Faridi  |  

Revolut, the global financial super app with more than 30 million customers worldwide, has launched its services in New Zealand, “delivering Kiwis a first of its kind digital money experience.” For the first time ever, New Zealand residents will “get access to Revolut’s seamless, safe… Read More

July 2, 2023 @ 2:28 pm By Omar Faridi  |  

Betterment, the independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division, has launched an integrated suite of tools that will provide financial advisors “with granular control over how client assets are managed, transferred, and sold.” The new features will “give… Read More

July 1, 2023 @ 5:01 pm By Omar Faridi  |  

GSB, a nearly $1 billion community bank serving the state of Connecticut, today announced an enhanced digital onboarding experience for consumer deposit accounts, with plans to update its business onboarding experience later this year. Customers can now “open checking, savings, money market, and CD accounts… Read More

June 30, 2023 @ 10:47 pm By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, has launched a Robo-advisor in the US. The new feature “manages investment portfolios on behalf of customers to remove the friction from investing with lower fees than traditional companies.” Based on responses from… Read More

June 30, 2023 @ 8:00 am By Omar Faridi  |  

NatWest, which claims to be the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses “switching their main business banking account to NatWest.” The new SME switcher offer from NatWest for businesses “with up to £2m in turnover… Read More

June 30, 2023 @ 7:49 am By Omar Faridi  |  

LHV Bank, a provider of banking services to global fintechs and SME lending solutions to UK businesses, announces the appointment of Rachelle Frewer “as its incoming Chief Financial Officer.” Subject to regulatory approval, Rachelle will “start her position on 2 January 2024 and will also… Read More