Tagged: digital technology

June 4, 2023 @ 5:29 pm By Omar Faridi  |  

Mortgage entrepreneur, Ying Tan, will reportedly take the position of CEO at Habito (subject to Financial Conduct Authority approval) and aim to become a significant shareholder in the business. This update comes as Habito, the digital mortgage broker and home-buying service, finalizes its most-recent round… Read More

June 3, 2023 @ 11:11 am By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization. Powered by KAI-GPT, KAI Answers is… Read More

June 2, 2023 @ 8:37 am By Omar Faridi  |  

FintechOS, the fintech enablement platform, announced a series of accomplishments from 2022 to the present, illustrating its momentum and leadership in the new industry category of fintech enablement. The accomplishments illustrating the momentum of FintechOS, and the interest of financial institutions in “modernizing and innovating… Read More

June 1, 2023 @ 10:42 pm By Omar Faridi  |  

NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has raised $53.6m. The investment round was “led by Finch Capital, and includes participation from Outpost Ventures, a Neuberger Berman fund, with participation from individuals.” Peter Burridge,… Read More

May 31, 2023 @ 10:56 pm By Omar Faridi  |  

Tarabut Gateway, MENA’s open banking platform, announces a strategic partnership with Qarar, the region’s credit analytics technology provider and technology arm of SIMAH, the first and largest credit bureau in the Kingdom of Saudi Arabia. This strategic partnership is set to enhance the financial landscape… Read More

May 31, 2023 @ 7:08 pm By Omar Faridi  |  

NameCheck anti-fraud technology to be offered to government, financial services firms as CommBiz customers get use of new service from now. Commonwealth Bank plans to offer its NameCheck anti-scams technology “to government organizations and other financial service companies that process payments in Australia as part… Read More

May 31, 2023 @ 11:17 am By Omar Faridi  |  

Unqork, the Codeless as a Service platform, announced the availability of the Unqork platform on the Microsoft Azure Marketplace, which offers IT software applications and services built by technology companies, optimized to run on Azure. Unqork enables customers “to democratize technology and free themselves from… Read More

May 31, 2023 @ 9:16 am By Omar Faridi  |  

LendInvest co-founder Christian Faes says he’s pleased to be launching Faes & Co. Based out of the US, a new firm that will focus on “building and investing in technology-enabled direct lending businesses, alongside their own private credit fund.” Faes says he’s learned “a lot… Read More

May 31, 2023 @ 8:27 am By Omar Faridi  |  

Velocity Global, the world’s “expert” on work, announced new platform updates to improve the customer experience, accelerate the hiring process, and help companies more strategically meet escalating hiring demands and complexities. In addition to a more seamless, intuitive user experience and improved onboarding management, customers… Read More

May 29, 2023 @ 1:26 pm By Omar Faridi  |  

The British Business Bank announced a Call for Proposals as part of the launch of the government’s Long-term Investment for Technology and Science (LIFTS) initiative. It seeks proposals from industry “for the establishment of new funds or investment structures to crowd in UK institutional investment,… Read More

May 29, 2023 @ 1:24 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions, is excited to announce that Cyprus Credit Union has chosen Eltropy as its new partner to modernize the credit union’s digital communication strategy. Ashish Garg, co-founder and CEO of Eltropy, said: “We’re thrilled to welcome Cyprus… Read More

May 28, 2023 @ 8:44 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB) has reportedly become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) “with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology.” This new feature will “allow businesses to… Read More

May 28, 2023 @ 12:55 pm By Omar Faridi  |  

In response to the rapid emergence of new and powerful generative AI tools, on Thursday, UNESCO held the first global meeting of Ministers of Education “to explore the immediate as well as far-reaching opportunities, challenges and risks that AI applications pose to education systems.” Over… Read More

May 27, 2023 @ 5:23 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced a $15,000 grant contribution and financial advisory commitment to Hamilton, MT-based nonprofit Loads of Dignity, a 501(c)(3) organization that “provides funds and supplies to individuals without housing to do laundry in a… Read More

May 26, 2023 @ 8:20 am By Omar Faridi  |  

Alviere, the global embedded finance platform, is proud to announce that it is partnering with Array to offer Alviere’s enterprise clients customizable digital credit and identity tools “to increase digital engagement, generate revenue, and help end customers own their financial future.” Alviere enables enterprises worldwide… Read More

May 25, 2023 @ 8:56 pm By Omar Faridi  |  

Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, announced a $48 million Series C financing led by Avenir, a growth stage investment firm “focused on category defining, tech-enabled companies.” The investment round also “included additional participation by existing investor,… Read More

May 25, 2023 @ 3:32 pm By Omar Faridi  |  

Vespia, an AI-powered Business Verification Service for verifying and onboarding business customers that helps minimize the risk of fraud, has highlighted the significance of business verification for non-AML obligated firms, like supply chain, digital commerce, as well as the sharing economy. Vespia explains that by… Read More

May 25, 2023 @ 6:05 am By Omar Faridi  |  

The Commonwealth Bank of Australia’s (CBA) is launching a new tool to help small and medium sized enterprises (SMEs) to embed sustainability into their operations. CBA’s new Sustainability Action Tool “provides insights into actions businesses can take to reduce their environmental impacts and lower costs.”… Read More

May 25, 2023 @ 1:57 am By Omar Faridi  |  

Visa Inc. (NYSE: V), which claims to be a global leader in digital payments, announced that it plans to open a new global Technology and Product Hub in Poland that will be the first of its kind for Visa in Central and Eastern Europe. The… Read More

May 23, 2023 @ 11:07 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, today announced it has acquired Airside Mobile, Inc., a key player focused on private, digital identity sharing technology. The World Economic Forum Technology Pioneer is “the first company to bring user-controlled digital identity… Read More