Tagged: financial institutions

TradingView Reaches $3B Valuation with $298M Investment

TradingView Inc, the popular charting platform and social network for traders and investors, announced on October 14, 2021 that it has completed a $298 million funding round – which was led by Tiger Global. TradingView’s investment round takes the firm – with paying clients in… Read More

Financial Institutions May Expand SMB Relationships with Fintech-enabled Lending Offering from Fiserv

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech solutions, is supporting financial institutions with creating their SMB programs via the introduction of a Cloud-powered, digital lending and credit platform. The latest Fiserv product offering, leveraging the Atlas Platform from Fintech… Read More

Visa Selects Callsign as Preferred Behavioral Biometric Digital and Device Intelligence Identity Provider

Visa (NYSE: V) has chosen Callsign as their preferred behavioral biometric digital and device intelligence identity provider. Under the agreement, Visa will be introducing Callsign’s behavioral biometric and device fingerprinting services to the Visa network of financial institutions, payment service providers, and merchants across Europe…. Read More

Centennial Bank Selects FINBOA for Reg E Dispute Tracking and to Increase Efficiency via Automation

Centennial Bank (NASDAQ: HOMB) has teamed up with FINBOA, an innovator in digital automation and regulatory compliance for financial institutions, in order to boost efficiency and cut down bank losses, while also enhancing client experience and empowering workers via process automation. As virtual payments and… Read More

UK Fintech Form3 Acquires $160M via Series C Led by Growth Equity Business within Goldman Sachs

Form3, the platform payment tech provider, has revealed that its Series C investment funding of $160 million has been finalized. Form3‘s investment round has been led by the Growth Equity business within Goldman Sachs Asset Management and included contributions from existing investors. This brings the… Read More

Real Time or Instant B2B Payments Are Being Offered, but Service Needs Improvements: Report

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.” As noted in a blog post by Banking Circle: “For retail customers, instant payments have come to be expected, but in… Read More

Fintech ForwardAI Introduces PreciseMatch, an Intelligent Transaction Mapping Technology

ForwardAI, a Fintech firm offering aggregated access to business and accounting data and analysis, has introduced PreciseMatch, which is described as an intelligent transaction mapping technology that “automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.” Banking… Read More

AI enhanced Credit Decision Platform Scienaptic AI Chosen by Cooperative Teachers Credit Union

Global AI-enhanced credit decision platform provider, Scienaptic AI, has revealed that Cooperative Teachers Credit Union (CTCU) has chosen its AI-based platform, allowing the credit union to make “stronger, faster” credit decisions and provide improved financial options for its members. As noted by Scienaptic AI‘s developers:… Read More

Dave Burns, CRO at Napier AI, Says There’s Huge Potential for What Artificial Intelligence Can Bring to AML

In the fast-evolving digital economy, money laundering and financial crime have been increasing quite rapidly as regulation and banking processes struggle to address the rise in “criminal innovation.” Because of these developments, financial institutions have to respond quickly and effectively, by utilizing the appropriate tools… Read More

Banking Tech Solution Provider NYMBUS Secures $3 million via Round led by OFG Ventures, an OFG Bancorp Subsidiary

Nymbus, an established provider of banking tech services, has secured $3 million in capital through a round that was led by OFG Ventures, LLC, which operates as a subsidiary of the OFG Bancorp (NYSE: OFG). As noted by its management: “A revolutionary alternative to the… Read More

Digital Escrow Fintech ZSuite Technologies Appoints Jill Feiler as Chief Client Officer

ZSuite Technologies, a Fintech firm that aims to support community financial institutions with digital escrow products for commercial verticals, reveals that Jill Feiler has joined the company as Chief Client Officer. In her new role, Feiler will be tasked with ensuring client success with ZSuite’s… Read More

Banking Tech Solutions Provider NYMBUS Introduces Updated Portfolio of Virtual Bank Concepts via Nymbus Labs

NYMBUS, an established provider of banking tech solutions, has introduced an updated portfolio of “niche” virtual banking concepts via Nymbus Labs. These new services are ready and available “to purchase, launch and grow by any size bank or credit union seeking to accelerate growth through… Read More

ASEAN Financial Innovation Network Confirms Appointment of H.E. Serey Chea, Others as Advisors, Board Members

The ASEAN Financial Innovation Network (AFIN) recently confirmed the appointment of H.E Serey Chea, Prof. Olayinka David-West as advisors and Latha Ayyar as an independent director to its board. The ASEAN Financial Innovation Network (AFIN) has been established in order to facilitate innovation and cooperation… Read More

AI Conversational Chatbot Creator, Kasisto, Secures $15.5M via Series C led by Naples Technology Ventures, NCR Corporation

Kasisto, the developer of a conversational AI chatbot, has finalized a $15.5 million Series C round that has been co-led by new investors Naples Technology Vendors and NCR Corporation. Kasisto’s KAI digital experience platform is currently being used by major financial institutions such as JPMorgan,… Read More

Zelle Network Processed $120B in Payments via 436 Million Transactions during Q2 2021: Report

Early Warning Services, LLC, the network operator behind Zelle, has shared its Q2 2021 transaction results, which include signed financial institutions representing over 500 million DDA accounts. During Q2 2021, the Zelle Network handled $120 billion on 436 million transactions. YoY sent payment values “increased… Read More

New Cross-Border Payments Service Introduced by SWIFT for Low-Value Transfers Globally

SWIFT reveals that it has launched SWIFT Go, a service that enables small businesses and consumers to send “fast, predictable, highly secure, and competitively priced low-value” cross-border payments across the globe. Payments may be sent directly from users’ bank accounts. Seven international banking institutions, which… Read More

Elucidate Introduces Database for Assigning Scores to Financial Crime Risk Vulnerability of Financial Institutions

Elucidate, the financial crime risk scoring solution provider, has introduced the Elucidate FinCrime Risk Monitor (EFRM), an open database for assigning scores to the financial crime risk vulnerability of financial institutions. The EFRM has been designed to enhance transparency in the financial services sector. The… Read More

Financial Institutions May Purchase, Sell, Hold Bitcoin via New Fiserv, NYDIG Integration

Financial institutions will now be able to give consumers the option to purchase, sell and hold Bitcoin via their bank accounts – which will be enabled through an integration between Fiserv, Inc. (NASDAQ: FISV), a provider of payments and financial services tech solutions, and NYDIG,… Read More

BNY Mellon and other Major Financial Institutions Continue to Make Strategic Investments in Digital Assets Space

Only a month after announcing that it was working on an integrated service for crypto-assets, BNY Mellon (NYSE:BK) has decided to make a strategic investment into crypto startup Fireblocks. The New York-headquartered financial powerhouse, which is notably among the biggest banking institutions and also one… Read More

Scott Freeman: Co-Founder at JST Capital Says Bitcoin and Other Cryptos Exhibit Characteristics Found in Other Asset Classes

We recently connected with Scott Freeman, Co-Founder and Partner at JST Capital, a New York-based financial services firm currently focused on the digital asset market. The partners of JST have spent more than twenty years working in the traditional financial services sector. They’ve now entered… Read More

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