Tagged: financial institutions

March 18, 2022 @ 9:12 am By Omar Faridi  |  

Auto Link, a financial tech and marketing firm serving more than 175 financial institutions, has confirmed the appointment of Bryan Clagett as a strategic advisor to the company. Bryan’s appointment has been made as Auto Link, having self-funded its development and ongoing growth to-date, is… Read More

March 17, 2022 @ 7:59 am By Omar Faridi  |  

Nium, an international firm focused on modern money movement, has introduced a new brokerage payments solution that provides financial institutions a quicker and more cost-effective method of “settling transactions to select U.S. brokerages enabling customers to easily invest in U.S. equities.” When compared to transactions… Read More

February 28, 2022 @ 10:42 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

February 25, 2022 @ 8:26 am By Omar Faridi  |  

The blockchain sector saw some major changes during the past year, brought on by a “maturing” crypto ecosystem and the development of innovative technologies. American Fintech firm Ripple notes that it remained focused on better understanding and further analyzing this rapid “evolution” via primary and… Read More

February 6, 2022 @ 7:24 pm By Omar Faridi  |  

PAI, a company focused on ATM portfolio management tools and services, announced that it has acquired Texas-based TouchPoint 21, a firm specializing in ATM and cash management outsourcing for financial institutions. As mentioned in the update, the acquisition brings a proven managed service model to… Read More

February 3, 2022 @ 4:12 pm By Omar Faridi  |  

Consumers and businesses reportedly sent 1.8 billion payments via the Zelle Network during 2021, an increase of 49% from a year prior, Early Warning Services, LLC, the network operator behind Zelle, confirmed on February 2, 2022. Those payments “totaled $490 billion, up 59%.” Al Ko,… Read More

February 1, 2022 @ 1:15 pm By Omar Faridi  |  

Newgen Software, an international provider of the NewgenONE Digital Transformation Platform, recently announced an integration of Newgen’s Commercial Loan Origination Software (CLOS) with Factual Data “for seamless access to the bureau credit information.” By leveraging Newgen’s CLOS, financial institutions can effectively automate their commercial lending process,… Read More

January 27, 2022 @ 6:58 pm By Omar Faridi  |  

Zafin, the SaaS Cloud-native product and pricing platform for banking institutions and credit unions, announced that it has acquired FINCAD, a global firm focused on pricing and risk analytics of financial derivatives and fixed income products. By acquiring FINCAD, Zafin expands its product portfolio and… Read More

January 21, 2022 @ 6:37 pm By Omar Faridi  |  

SaaS banking platform Mambu and an international provider of Cloud payments and financial messaging solutions, Volante Technologies, announced a collaboration to assist banks and lenders with streamlining their banking and payment infrastructures. The partnership should enable joint clients to “speed delivery of innovative payment products… Read More

January 21, 2022 @ 5:12 pm By Omar Faridi  |  

Arabesque has formed a new partnership with Snowflake, the Data Cloud firm, enabling financial institutions and investors to “integrate Arabesque’s suite of data assets and insights into their technology stacks securely and in real-time.” As mentioned in a release, the partnership will allow Arabesque to… Read More

December 13, 2021 @ 3:43 pm By Omar Faridi  |  

The first interbank Payment vs Payment (PvP) settlement outside of CLS has been completed using Baton Systems’ Core-FX solution, which is built on Baton’s distributed ledger technology (DLT) and “governed by the Baton Rulebook.” Standing at the threshold of a “new era” in FX settlements,… Read More

November 29, 2021 @ 9:21 pm By Omar Faridi  |  

Indian payments Fintech and neobank Razorpay notes that applying for a line of credit via traditional banks and lenders “can be disappointing with unrealistic approval requirements.” Razorpay Cash Advance has been specifically designed to “make it easier for Razorpay users to get quick access to… Read More

November 9, 2021 @ 3:07 pm By Omar Faridi  |  

Clearpool, a decentralized capital markets ecosystem, is teaming up with X-Margin, the platform facilitating credit to trading companies, in order to enable institutions to borrow from their “own dedicated and transparent lending pool.” As mentioned in an update shared with Crowdfund Insider, Clearpool will be… Read More

October 23, 2021 @ 9:37 am By Omar Faridi  |  

Over 70 financial institutions have reportedly worked with Valk‘s digital transaction and tokenization platform this year. Private market digital platform VALK says that it is “building for expansion after achieving over $4 billion in assets and deals managed on its platform in a year” as… Read More

October 16, 2021 @ 1:07 pm By Omar Faridi  |  

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

October 15, 2021 @ 8:12 am By Omar Faridi  |  

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

October 7, 2021 @ 9:03 am By Omar Faridi  |  

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

September 22, 2021 @ 1:34 pm By Omar Faridi  |  

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

September 17, 2021 @ 8:20 am By Omar Faridi  |  

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

September 16, 2021 @ 8:36 am By Omar Faridi  |  

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