Tagged: digital financial services

December 29, 2023 @ 11:37 am By Omar Faridi  |  

Folks Finance has chosen LI.FI in order to power the swaps and DEX integrations for its upcoming cross-chain protocol. Set to launch in Q2 2024, the expansion from Folks Finance will aim to “introduce a unique hub-and-spoke model to DeFi lending, seamlessly unifying multiple blockchains… Read More

December 28, 2023 @ 9:45 pm By Omar Faridi  |  

OakNorth – a UK-based digital bank, has added Lord (Adair) Turner as its Chairman of the Board. Lord Turner reportedly has “an extensive track record in financial services, including as Vice-Chairman of Merrill Lynch Europe, a Board Director of Standard Chartered, Chair of the Financial… Read More

December 27, 2023 @ 9:22 am By Omar Faridi  |  

Chancellor Jeremy Hunt has (21 December) signed the Berne Financial Services Agreement, a pact on financial services cooperation, with his Swiss counterpart Karin Keller-Sutter. The agreement sets sectors where the UK and Switzerland will “mutually recognize each other’s domestic laws and regulations on financial services,… Read More

December 21, 2023 @ 12:15 pm By Omar Faridi  |  

iCapital, a global fintech platform enabling access to alternative investments for the wealth management industry, has partnered with investor services group IQ-EQ to establish a new series of French domiciled funds, which will “increase access for individual investors resident in France to global alternative investment… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

There is reportedly a strong correlation between a bank’s technology choices and its performance, showing that overall success hinges “on deft use of technology rather than on simply spending more on technology,” according to an update from Bain & Company. Bain & Company analysis finds… Read More

December 21, 2023 @ 5:07 am By Omar Faridi  |  

Virgin Money has announced the launch of a new pension offering, enhancing its digital platform and further extending its partnership with FNZ. The digital investment solution was initially “launched in April 2023, and aimed to make investments more accessible, straightforward and transparent for UK retail… Read More

December 19, 2023 @ 10:00 pm By Omar Faridi  |  

Atom bank, the UK’s app-based bank, is boosting Durham University’s Women in Technology program with two new scholarships aimed “at prospective female students from low-income backgrounds.” The Women in Technology program was inspired “by globally recognized tech leader Dr Anne-Marie Imafidon MBE, and was founded… Read More

December 19, 2023 @ 4:06 pm By Omar Faridi  |  

Addepar, a global technology and data company for investment professionals, announced that it has exceeded $5 trillion of client assets managed on its platform. This milestone signifies the company’s position as the standard “for data management and aggregation, analysis and reporting.” Amidst fast-moving markets and… Read More

December 18, 2023 @ 3:55 pm By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announced St. Louis-based First Bank is live on the Backbase Engagement Banking Platform, powering the bank’s transformation strategy to offer a seamless, digital-first experience to its customers. First Bank chose Backbase for its centralized platform, “enabling the integration… Read More

December 17, 2023 @ 4:37 pm By Omar Faridi  |  

FactSet (NYSE:FDS), a global financial digital platform and enterprise solutions provider, announced the beta release of its latest AI advancement, FactSet Mercury, an innovative large language model-based knowledge agent “to power modern digital workflows and enhance fact-based decision making.” FactSet Mercury is a solution “that… Read More

December 16, 2023 @ 5:28 pm By Omar Faridi  |  

EBANX, a global fintech company specializing in payment solutions for rising economies, announced the direct integration of Botón Bancolombia, a payment method created by Bancolombia bank, to be part of its array of available payment methods in Latin America. This strategic partnership aims “to streamline… Read More

December 15, 2023 @ 10:22 am By Omar Faridi  |  

Trustly, a global enabler of Open Banking Payments, is pleased to announce that it is seeing steady  adoption of its Real-Time Payments (RTP) service and has reportedly become one of the “largest” originators on the RTP network. Specifically, Trustly’s RTP volume reportedly “grew 29% in… Read More

December 13, 2023 @ 6:39 am By Omar Faridi  |  

A research study recently revealed that healthcare workers who leverage the financial wellness benefit of DailyPay offered by their employer, “reduce their credit card debt, pay fewer late fees on bills, use payday loans less often and pay fewer overdraft fees.” The majority of healthcare… Read More

December 10, 2023 @ 8:05 pm By Omar Faridi  |  

In the bustling financial landscape of Hong Kong, Asia Win Inc Limited, under Owen Huang’s leadership, introduced GUGU in June 2020. GUGU is not just a financial platform; it’s a mission-driven venture committed “to breaking down barriers for Asian investors looking to enter the US… Read More

December 8, 2023 @ 1:55 pm By Omar Faridi  |  

CaixaBank has executed its first project finance transaction in New Zealand through its involvement in the refinancing of the debt of the Ara Tūhono–Pūhoi–Warkworth motorway in New Zealand’s North Island. This has amounted to a total of 779 million New Zealand dollars (around 430 million… Read More

December 8, 2023 @ 9:38 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, and Best Egg, Inc., a fintech that provides flexible solutions to help people with limited savings confidently navigate their everyday financial lives, have announced a $150 million credit facility, which will allow the… Read More

December 5, 2023 @ 4:58 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced today its strategic partnership with Effectiv, a fraud and risk management platform for financial institutions and fintech companies. This collaboration will empower companies and financial institutions within Treasury Prime’s multi-bank network “to leverage Effectiv’s Transaction Monitoring solution,… Read More

December 4, 2023 @ 9:36 pm By Omar Faridi  |  

Klarna, the AI-powered payments network and shopping assistant, has partnered with  airline Cathay Pacific in order “to offer fairer, flexible payments to travellers in six countries across Europe.” The agreement is the latest in a series of travel tie-ups for Klarna “as the company aims… Read More

November 27, 2023 @ 5:05 pm By Omar Faridi  |  

It’s not just Millennials and Gen Z with do-it-yourself brokerage accounts “driving the trend toward increased use of digital wealth management tools; the digital channel has become central to the client experience for all types of investors, with mobile apps leading the way.” According to… Read More

November 27, 2023 @ 11:47 am By Omar Faridi  |  

Payhawk introduces a 3-way match Purchase Orders system, “enabling businesses to automate their procure-to-pay process to further increase the efficiency and control in business purchases.” Payhawk, the global spend management platform, reveals that it has launched its new Purchase Orders system. The solution streamlines procurement… Read More