Tagged: digital financial services

May 24, 2022 @ 1:59 am By Omar Faridi  |  

GreenGrowth, an investments app empowering consumers to invest for a more “sustainable world,” has acquired 77% (£258,568) of its £335,001 target via Seedrs (at the time of writing) from 72 investors with 23 days left in the firm’s crowdfunding campaign. Located in London, United Kingdom,… Read More

May 23, 2022 @ 11:47 pm By Omar Faridi  |  

Affin Bank recently revealed that it had entered a partnership with GAX MD (MYTHEO), a Robo-advisor that’s regulated by the Securities Commission Malaysia. MYTHEO is an algorithm-based and automated discretionary investment portfolio management service that’s enhanced by Al. This latest partnership is the “first” of… Read More

May 23, 2022 @ 3:21 pm By Omar Faridi  |  

Xendit, one of the “fastest-growing” payments infrastructure platforms for Southeast Asia, announced that it closed $300 million in Series D funding, “taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.” Coatue and Insight Partners co-led the investment round “with… Read More

May 22, 2022 @ 11:37 pm By Omar Faridi  |  

TrueLayer, which claims to be one of Europe’s “leading” open banking platforms, recently announced that The Credit Thing has successfully “implemented its recurring payments API and made the first consumer Variable Recurring Payments (VRP) transactions in the UK.” The Competition and Markets Authority has mandated… Read More

May 22, 2022 @ 4:35 pm By Omar Faridi  |  

C6 Bank has announced that it recently added new equity investment options to its C6 Invest platform. From now on, clients who were already able to trade mini dollar and index (Ibovespa) contracts since August last year “can also trade full futures contracts on the… Read More

May 21, 2022 @ 10:59 pm By Omar Faridi  |  

Nexi, the Paytech in Europe, and Piteco, an Italian software house offering corporate treasury management and financial planning solutions, entered a partnership enabling large corporations and SMEs to access a digital payment solution. The service provides firms with an additional line of credit, along with… Read More

May 21, 2022 @ 9:58 pm By Omar Faridi  |  

Deutsche Bank (ETR: DBK) recently announced its partnership with FinLync, a global fintech company offering products that are “transforming corporate finance and treasury offices.” FinLync’s pre-built API integrations and SAP-embedded treasury applications will “enable corporate treasury and finance teams to connect to Deutsche Bank’s API… Read More

May 21, 2022 @ 7:57 pm By Omar Faridi  |  

YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

May 21, 2022 @ 2:47 am By Omar Faridi  |  

UK’s Atom Bank has reportedly appointed Andy Sturrock as the banking platform’s new Chief Technologist. Andy joins Atom from BP plc, where he ran the firm’s Digital Consumer Channels and Offers teams, including the BPMe app and loyalty schemes. During his time working at BP,… Read More

May 20, 2022 @ 4:58 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Mirabaud, the Swiss private bank, has selected Temenos “to move from a traditional on-premise system to a digital end-to-end wealth management platform on Temenos Banking Cloud.” With the generational transfer of wealth, new regulations and… Read More

May 20, 2022 @ 8:23 am By Omar Faridi  |  

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 20, 2022 @ 3:54 am By Omar Faridi  |  

Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

May 19, 2022 @ 10:54 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has teamed up with State Street (NYSE: STT). one of the “leading” providers of financial services to institutional investors, “to integrate State Street’s custodial services into the Paxos Settlement Service.” As part of the pilot, State Street was able “to… Read More

May 19, 2022 @ 10:05 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the Fintech firm on a mission to help parents raise financially-smart kids, recently announced the Greenlight Family Cash Mastercard, a credit card designed “to help parents save for their kids’ college and family’s future.” The Family Cash Card is the “first… Read More

May 19, 2022 @ 3:50 pm By Omar Faridi  |  

Very Good Security (VGS), a firm focused on protecting sensitive data, enabling innovation while ensuring security and privacy, announced an extended partnership with Plaid, a data network that powers the tools “millions of people” rely on to “live healthier financial lives.” VGS will be “a… Read More

May 18, 2022 @ 10:17 am By Omar Faridi  |  

Elwood Technologies, a platform providing “institutional-grade” access to digital asset markets and liquidity venues, recently announced it has “closed a $70 million Series A funding round.” The round was co-led by Europe‘s largest B2B investor Dawn Capital and global investment bank, Goldman Sachs. There was… Read More

May 18, 2022 @ 7:48 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC) and client lifecycle management (CLM), recently announced the launch of FinCrime Risk. This application programming interface (API)-first software as a service (SaaS) solution will “allow financial institutions to centralize and automate risk assessment processes… Read More

May 17, 2022 @ 10:28 pm By Omar Faridi  |  

Griffin, a UK Banking-as-a-Service (BaaS) Fintech, recently announced the completion of a key step in its application for a banking license. Griffin has submitted its application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). John Weguelin, Griffin Chair, stated: “This is… Read More

May 17, 2022 @ 1:59 pm By Omar Faridi  |  

ABN AMRO’s (AMS: ABN) investment clients are now able to see what impact they have made with their investments. The impact was already stated in the quarterly updates clients received, “but is now also visible in internet banking and via app.” As noted in a… Read More

May 16, 2022 @ 1:29 am By Omar Faridi  |  

MPOWER Financing, which claims to be a mission-driven Fintech firm and the “leading” provider of education loans to “promising” international and DACA students, recently announced industry veteran Christopher Zaki “as its new Head of Capital Markets.” Zaki will identify and lead strategic partnerships “with capital… Read More