Tagged: financial data

Finance Teams at Tech Firms Forced to Inefficiently Scale Headcount to Manage Operations – Ledge Report

Ledge, the automated finance operations OS, released a finance industry report with new benchmark data that shows that finance teams at tech companies are forced “to inefficiently scale their headcount to manage the heavy workload of their finance operations.” Ledge’s research found that “as businesses… Read More

Fintechs Adyen and Plaid to Enable Pay-by-Bank Services in North America

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is pleased to announce its Pay-by-Bank services in North America will launch in early 2024 in partnership with Plaid, the digital finance innovator that makes it easy, safe and reliable for people… Read More

BNPL Fintech Affirm Survey Reveals Consumers Are Still Planning to Spend More via Online Shopping Platforms

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new data revealing shoppers’ priorities this holiday season. While consumers face continued economic uncertainty, the survey of 2,000 gen pop Americans revealed “they are still planning to spend: 3 in… Read More

Kyndryl to Provide Banking and Financial Industry Services for Google Cloud ​Clients

Kyndryl (NYSE: KD), the technology infrastructure services provider, announced the availability of new services for financial services organizations seeking to use Google Cloud to safely store and protect their confidential and sensitive data. Kyndryl’s new services are designed “to enable a unified, scalable and security-rich… Read More

Investors May Consider Rebalancing Investment Portfolios, As High-Interest Rates are Expected to Continue, Industry Professional Says

US Consumer Price Index (CPI) data published Thursday supports the case that the Federal Reserve will likely “implement one more interest rate hike,” says the CEO of one of a financial advisory, asset management and fintech organization. The prediction from Nigel Green of deVere Group… Read More

Financial Infrastructure Fintech Plaid Announces Updates to Transactions Product

Plaid is pleased to announce several updates to their Transactions product, which enables financial services providers to do even more with transactional data. These new features and quality enhancements from Plaid are “designed to amplify your ability to provide tailored solutions and services, unlocking improved… Read More

Outdated Legacy Systems in Tech-focused Landscape are Banking Sector’s Greatest Challenge – Survey Reveals

As the interest rate environment continues to place pressure on the banking sector, key insights and data collected (last week) shed light on the present situation. This data, shared with CI, was obtained from banking, fintech and financial professionals at FinovateFall in New York and… Read More

Worldcoin Crypto Initiative Is Being Scrutinized by Regulators in Several Jurisdictions

Growing numbers of world governments are beginning to scrutinize the services provided by Worldcoin, which is described as a crypto-related initiative that’s co-founded by OpenAI Chief Executive Officer Sam Altman that was officially launched in July of this year. Nearly 2.3 million consumers throughout the… Read More

Financial Wellbeing: Civica, Experian to Enhance Worker Payday Experience

Customers of global software provider Civica will benefit from enhanced payroll information thanks to a new partnership with Experian. Through Experian’s interactive digital platform, PayDashboard, Civica users “will be empowered to better engage with, and understand their payslip information, helping them to take control of… Read More

Cytora, CAPE Analytics to Enhance Commercial Property Risk Assessment

Cytora, the digital risk processing platform, is pleased to announce an integration with CAPE Analytics, a provider of AI-powered geospatial property data. CAPE Analytics’ commercial property data APIs will be “accessible on the Cytora platform, enhancing insurers’ capabilities to assess and manage risks associated with… Read More

Chainalysis Explains How On-Chain Data May Help Assess Digital Assets for Opportunity, Risk

Many investors are eager to embrace cryptocurrency, but don’t feel they “have the data to do so safely,” according to an update from Chainalysis. With traditional assets, there are established providers “for a variety of metrics that investors can use to assess opportunity and risk:… Read More

Datasite Finalizes Acquisition of London’s MergerLinks, a Financial Data Platform

Datasite, an SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, has completed the acquisition of MergerLinks, a London-based financial data platform used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions. The acquisition… Read More

Alternative Payments Account for Almost 40% of Digital Commerce Transactions in Singapore: Report

Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More

AI, Climatetech Sectors in Australia Defy Slowdown in Venture Capital Activity: Report

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

Payments Fintech Payoneer Adds Capabilities with Acquisition of Data Platform, Spott

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, and quantify data for more… Read More

Peter Barcak, CEO at Credolab: Fintech Professional Comments on Future of Lending, Power of Behavioral Data

We recently connected with Peter Barcak, Founder & CEO of credolab, which claims to be today’s largest developer of bank-grade digital scorecards and data enrichment solutions based on behavioral metadata. The company leverages privacy-consented and anonymous smartphone and online metadata to provide lenders, risk officers,… Read More

Fintech Firm Mollie Integrates with Klaviyo to Help Merchants Increase Revenue

Mollie, which claims to be one of the “fastest-growing” financial services providers in Europe, announces a new integration and joint marketing effort with Klaviyo, a marketing automation and customer data platform that “drives revenue growth for businesses of all sizes.” Through the new integration, merchants… Read More

Improvement in Jobs Growth Across UK Small Businesses Offset by Increasing Late Payments, Slowdown in Wages Growth: Report

An improvement in jobs and sales growth across UK small businesses in June “has been largely offset by increasing late payments and a slowdown in wages growth,” according to the latest data from global small business platform Xero. Xero’s Small Business Index, based “on anonymized… Read More

Centre for Finance, Innovation and Technology (CFIT) Begins to Deliver on its Kalifa Review Mandate

CFIT, the Centre for Finance, Innovation and Technology, announced that its initial ‘Open Finance Coalition’ will demonstrate the power of leveraging financial data to deliver better financial outcomes to consumers and SMEs. It also announced the first coalition partners who have “committed to progressing Open… Read More

Nordic Capital to Sell Macrobond, a Tech Platform Providing Financial Data, to Francisco Partners

Nordic Capital has agreed to sell Macrobond, a global provider of software and macroeconomic and financial data, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses. Since its initial investment in 2018, Nordic Capital has together “with the management and… Read More

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