Tagged: digital financial services

March 19, 2023 @ 2:50 pm By Omar Faridi  |  

Juniper Research specializes in identifying and appraising new high-growth market sectors within the digital ecosystem. They provide market research covering 90 technology markets. Their research reports form the basis on which their analysts make various predictions. As noted in an update shared by Juniper Research,… Read More

March 18, 2023 @ 11:52 am By Omar Faridi  |  

Xapo Bank now supports near-instant pounds Sterling payments and from the United Kingdom. Xapo Bank confirmed in a blog post that they are pleased to announce that they have joined the Faster Payment System (FPS). This means their members can now “send Pounds Sterling directly… Read More

March 18, 2023 @ 11:46 am By Omar Faridi  |  

GoCardless, a global firm focused on bank payment solutions, has integrated with Zapier, the key player supporting no-code automation, in order “to help businesses save time and energy when managing their payments.” Businesses can now “build Zaps — Zapier’s automated workflows — for GoCardless, eliminating… Read More

March 17, 2023 @ 9:03 am By Omar Faridi  |  

Robinhood Inc (NASDAQ:HOOD) has reportedly decided to make an exception to its short position ban for customers who had placed winning “puts” against failed lender Signature Bank (Nasdaq: SBNY), the FT revealed on Thursday (March 16, 2023). Put options are essentially contracts that provide a… Read More

March 17, 2023 @ 8:59 am By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised an additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding reportedly comes as “a part of PhonePe’s ongoing fundraise of up to $1 billion in… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

March 12, 2023 @ 11:47 pm By Omar Faridi  |  

Liquidity Group, an Israel-based fintech and asset manager, is looking to provide $500 million this year “to support startups in the UAE and across the Middle East.” The company reached unicorn status last month, “with fresh investment of $40 million from Japan’s MUFG at a… Read More

March 11, 2023 @ 5:31 pm By Omar Faridi  |  

Credit Karma (NASDAQ: INTU), the consumer technology platform with more than 120 million members in the U.S., announced Net Worth, a new product experience within Credit Karma that will help millions of members know, grow and protect their wealth. The introduction of Net Worth “brings… Read More

March 9, 2023 @ 10:31 pm By Omar Faridi  |  

Candidly, which claims to be the market’s most comprehensive student debt and savings optimization platform, announced it raised $20.5M in a Series B round of financing, led by Altos Ventures, with follow-on participation from Cercano Management. The Series B investment round reportedly “follows a year… Read More

March 9, 2023 @ 8:03 am By Omar Faridi  |  

Intergiro, a European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb, a Swiss payment solution empowering consumers to support social causes. This partnership marks a significant milestone “towards the launch of Retreeb‘s sustainable payment solution and reinforces its commitment… Read More

March 8, 2023 @ 8:30 am By Omar Faridi  |  

Global financial technology company SumUp has unveiled its multi-product subscription – SumUp One, now “available in the UK and Italy, and soon in other European markets.” SumUp One reportedly “combines the best of the SumUp product suite in a single, unified offering for merchants across… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

March 5, 2023 @ 9:26 pm By Omar Faridi  |  

Nubank, one of the largest digital financial services platforms in the world, announces the launch of Nucoin, “a free-of-charge native crypto token that rewards users’ engagement through a loyalty program.” First announced in late 2022, the novelty was “developed through a decentralized creation process, gathering… Read More

March 5, 2023 @ 5:04 pm By Omar Faridi  |  

First Fidelity Bank (FFB), a 100-year-old community bank headquartered in Oklahoma City, announced the launch of its next-gen Banking as a Service (BaaS) solution. The solution was “developed with Episode Six (E6), a global payments and banking infrastructure provider that provides a simple, flexible platform… Read More

March 2, 2023 @ 10:55 pm By Omar Faridi  |  

Open finance platform Brankas has announced a new feature enabling instant bank account opening as an “embedded finance” experience on third-party applications. The API is the “first” of its kind in the region, “launched first in Indonesia and the Philippines.” As a bundle with Brankas’… Read More

March 2, 2023 @ 4:33 pm By Omar Faridi  |  

We recently caught up with Sarah Howell, SVP of Partner Programs at Infinant, a financial technology company that provides pioneering infrastructure to help banks build embeddable financial products above their legacy banking technology. Sarah Howell shared her insights on the origins of the ecosystem strategy,… Read More

March 2, 2023 @ 3:32 pm By Omar Faridi  |  

Wealthfront, a robo-advisor for young professionals, launched the ability to buy individual stocks and fractional shares with zero commissions. Starting today, investors can open a Wealthfront Stock Investing Account with just $1 and access curated stock collections designed “to help clients discover new investment opportunities.”… Read More

March 1, 2023 @ 11:24 am By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces the next phase of its expansion plans, in which it will increase its global headcount by more than 20% in 2023, which includes hiring in India, Japan and other world regions for the first time. The company… Read More

February 28, 2023 @ 8:03 am By Omar Faridi  |  

Pagos, a payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud,  announced an oversubscribed $34 million Series A investment led by Arbor Ventures, a global fintech-focused venture firm. Additional participating investors “include Point… Read More

February 27, 2023 @ 10:31 pm By Omar Faridi  |  

Western Union (NYSE:WU)  and Beforepay (ASX: B4P) announced a first-of-its-kind collaboration, allowing consumers “to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending.” Consumers can ‘Send Now, Pay Later’ by “borrowing up to AUD 2000 through Beforepay’s wage-advance product on Western… Read More