Tagged: digitalization

August 2, 2023 @ 5:18 pm By Omar Faridi  |  

Rapyd, the global Fintech-as-a-Service provider, announced the acquisition of PayU Global Payment Organization (GPO; not including PayU’s India, Turkey, and Southeast Asia operations) of Netherlands-based Prosus, a global consumer internet group and one of the largest technology investors in the world. PayU GPO, a provider… Read More

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

July 30, 2023 @ 8:59 pm By Omar Faridi  |  

Clear Capital, a national real estate valuation technology company, announced that it has entered into a strategic partnership with BeSmartee, a digital mortgage solution development company, in order “to offer a cost effective and efficient solution for mortgage and home equity origination property valuations.” Clear… Read More

July 29, 2023 @ 11:20 am By Omar Faridi  |  

eToro, the multi-asset investing platform, has announced that on 29 June 2023 the Bank of Spain has “approved the registration of eToro as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services.” Tali Salomon, eToro’s Regional Manager for… Read More

July 28, 2023 @ 1:54 pm By Omar Faridi  |  

Trintech, a global provider of cloud-based financial close solutions for the Office of the CFO, today announced its acquisition of Frontier Reconciliation and Accurate Reconciliation from Fiserv (NYSE: FI), a global provider of fintech and payments solutions. Serving customers across multiple verticals including financial services,… Read More

July 27, 2023 @ 8:24 pm By Omar Faridi  |  

Q-CTRL, a global firm focused on developing useful quantum technologies through quantum control infrastructure software, announced the addition of Morpheus Ventures as a new investor in their record-setting Series B funding round, which has raised $54 million USD. Morpheus Ventures, “known for its expertise in… Read More

July 27, 2023 @ 4:28 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that insurance policy owners will soon have online options to nominate their beneficiaries. Amendments have been “made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide these options from 2 January 2024.” The process… Read More

July 27, 2023 @ 2:29 pm By Omar Faridi  |  

Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More

July 26, 2023 @ 8:46 pm By Omar Faridi  |  

Embroker, the digital platform making it radically simple to get business insurance, today announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs). With these, Embroker increases customer security through Dashlane’s… Read More

July 26, 2023 @ 10:53 am By Omar Faridi  |  

Sygnum and SATO Technologies are renewing this innovative green financing solution to grow the global ecosystem of carbon-neutral crypto miners. Sygnum provides cash loans “to green crypto miners who pledge a pre-defined portion of their computational mining power, then sells the mined coins to repay… Read More

July 25, 2023 @ 11:54 am By Omar Faridi  |  

Pebble Finance, a registered investment advisor, introduces an innovative app designed for digital natives that helps address the investing challenges faced by individuals who are often overlooked due to their limited financial resources. Whether driven by personal values or the desire to capitalize on emerging… Read More

July 23, 2023 @ 10:41 pm By Omar Faridi  |  

Following 2 successful pilots, the UK Financial Conduct Authority’s (FCA) Digital Sandbox will be “made available permanently on 1 August 2023, opening up the platform to an even broader range of innovative businesses, start-ups and data providers.” The Digital Sandbox is a testing environment that… Read More

July 23, 2023 @ 2:26 pm By Omar Faridi  |  

Cognaize, the intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology, announced that it has closed $18 million in Series A funding in order “to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the… Read More

July 22, 2023 @ 5:50 pm By Omar Faridi  |  

Snapsheet, which claims to be an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures. Through its innovative platform, Snapsheet streamlines and “expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience.” Snapsheet offers “a… Read More

July 22, 2023 @ 4:42 pm By Omar Faridi  |  

Backbase, a provider of Engagement Banking, has announced that Orient Commercial Joint Stock Bank (OCB) has chosen Backbase to power its omnichannel banking modernization in a signing ceremony on 20 July 2023. OCB’s goal is to create a personalized digital banking system “for each customer… Read More

July 22, 2023 @ 3:51 pm By Omar Faridi  |  

Pacaso, the technology-enabled real estate marketplace that helps people buy and co-own a luxury second home, released its 2023 Second Home Attitude Report, in order “to better understand what’s motivating second home buyers.” Applied Research West (ARW), a “trusted” research firm, “conducted a quantitative survey… Read More

July 19, 2023 @ 9:31 am By Omar Faridi  |  

Bowmark Capital, the mid-market private equity firm, has invested significantly in Lendscape, a technology provider to the global secured commercial finance market. The company’s software and technology “underpin the secured lending offerings of over 120 banks and financial institutions worldwide.” Its platform supports the management… Read More

July 18, 2023 @ 11:27 pm By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization. In 2022, Canadian Tire Bank chose the Temenos… Read More

July 17, 2023 @ 11:11 pm By Omar Faridi  |  

The Norwegian Public Service Pension Fund (SPK) has announced a contract agreement with Mambu, a cloud banking platform, and Knowit, a Nordics-based digital consultancy. The partnership is set “to modernize SPK’s housing loan solution, allowing the institution to build a flexible, user-friendly, and complete component-based… Read More

July 17, 2023 @ 10:39 pm By Omar Faridi  |  

Ubank – NAB’s digital only bank – has reached a major milestone, celebrating its first birthday since launching its new brand in market and the completion of its migration onto new technology to improve customer experience. Ubank CEO Philippa Watson said since NAB announced the intention… Read More