Tagged: financial institutions

February 27, 2023 @ 11:50 am By Omar Faridi  |  

TransferMate have announced the launch of ‘TransferMate Connect’, an integrated payments solution for banks and financial institutions “to deliver faster and more cost-effective payments products and services for their customers.” TransferMate claims it has “built the largest non-bank payments infrastructure in the world, covering more… Read More

February 26, 2023 @ 4:43 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced the licensing of Mani, a finance debt collection company to provide debt collection service for finance institutions. The license was granted to the company after completing all requirements stipulated in the “Rules of Licensing Finance Support Activities” issued by… Read More

February 19, 2023 @ 11:37 am By Omar Faridi  |  

Early Warning Services, LLC, the network operator of Zelle, announced more than 1,800 financial institutions (FIs) are part of the Zelle Network. In 2022, 97% of FIs that joined the network “have under $10 billion in assets.” Al Ko, Chief Executive Officer at Early Warning,… Read More

February 19, 2023 @ 10:58 am By Omar Faridi  |  

Taurus SA, the digital asset infrastructure provider for financial institutions in Europe, is pleased to announce a $65 million Series B capital raise from strategic investors. Taurus’ Series B investment round is “led by Credit Suisse and includes participation from new institutional investors such as… Read More

February 15, 2023 @ 9:07 am By Omar Faridi  |  

Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the independent identity provider, announced a partnership and integration “to help thousands of banks and financial institutions adopt OAuth and APIs… Read More

February 14, 2023 @ 4:56 pm By Omar Faridi  |  

CSI, a provider of end-to-end fintech and Regtech solutions, announced that its comprehensive suite of prebuilt open APIs “has facilitated partnerships for ECHO Health, Inc. and MOCA Financial, Inc. with financial institutions to deploy Banking as a Service (BaaS) and payments initiatives.” CSI’s advanced application… Read More

February 11, 2023 @ 11:56 am By Omar Faridi  |  

Carbon credit transaction network Carbonplace has raised $45 million in “a strategic round of investment and formed its own entity.” Carbonplace, which “connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA,… Read More

February 8, 2023 @ 8:54 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its annual findings on US-issued financial institution fines. The study, which analyzed year-over-year (YoY) penalties levied by US financial regulators, revealed “that the total value of penalties issued rose 151% YoY; that US… Read More

February 8, 2023 @ 3:17 pm By Omar Faridi  |  

With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must “adapt quickly to keep pace.” To address these challenges, Oracle launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services. The six new services available “provide banks… Read More

February 8, 2023 @ 12:17 pm By Omar Faridi  |  

Larky, a Fintech provider helping financial institutions connect with their audience in the right place and at the right time, announced its launch with Marshfield, Wis.-based Forward Bank. The bank has introduced Larky’s nudge push notifications in order to provide its account holders with more… Read More

February 6, 2023 @ 4:07 pm By Omar Faridi  |  

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.” Every Vancity Visa credit cardholder “can track… Read More

February 3, 2023 @ 12:39 pm By Omar Faridi  |  

Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan’s largest financial services institutions, is “modernizing its legacy banking system for international operations with Oracle.” Over the coming years, Mizuho will “implement Oracle’s banking solutions to support… Read More

January 24, 2023 @ 12:05 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) and Fiserv (NASDAQ: FISV), a global provider of payments and financial services technology, have joined forces “to deliver additional capabilities for real-time foreign exchange (FX) rate quotes for payments from U.S. financial institutions.” Using innovative application programming interface (API) connectivity, financial… Read More

January 22, 2023 @ 5:07 pm By Omar Faridi  |  

Orrick and Buckley jointly announced the strategic combination, which “responds to growing demand from the most innovative companies and financial institutions for forward-looking regulatory and enforcement advice.” It also responds “to demand from Fintech innovators, tech companies and their financial sponsors for holistic solutions to… Read More

January 18, 2023 @ 7:45 am By Omar Faridi  |  

HAYVN, a globally regulated digital asset focused financial institution, called the bottom of the cryptocurrency market and launched its HAYVN 20 Cryptocurrency Index fund. The Cayman Islands based fund “offers clients a diversified, low-cost, and regulated strategy to invest in an index representing the top… Read More

January 12, 2023 @ 11:38 pm By Omar Faridi  |  

Binance is pleased to announce that Binance Nordics AB has been “granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” This follows months of “constructive engagement” with the regulator. Binance Nordics AB reportedly… Read More

January 10, 2023 @ 8:26 pm By Omar Faridi  |  

To provide an integrated framework that links user interfaces across products, global Fintech platform, Broadridge Financial Solutions, Inc. (NYSE:BR), announced it will utilize Glue42, a software provider that delivers integrated desktop experiences to financial institutions globally, “to deliver a seamless trading experience.” This move “brings… Read More

January 5, 2023 @ 9:46 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB), a financial institution, announced the launch of the region’s first tokenized, contactless payment methods “through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa.” ADIB Visa… Read More

December 21, 2022 @ 5:30 pm By Omar Faridi  |  

Finastra announced that Mechanics Cooperative Bank, a Massachusetts-based financial institution with more than $645 million in assets, has selected Finastra Payments To Go “to introduce new business payments services and enhance the customer experience.” The multi-rail payments hub “empowers Mechanics Cooperative Bank to leverage the… Read More

December 21, 2022 @ 8:57 am By Omar Faridi  |  

LHV UK announced that it will start issuing Small Medium Enterprise (SME) loans as the Financial Conduct Authority (FCA) approved the company’s Annex I financial institution registration, “a prerequisite to issuing loans in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of… Read More