Tagged: financial services

Teslar Software to Enhance Quant Oak Bank’s Commercial Lending Strategy

Quaint Oak Bank and Teslar Software announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will “leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.” William Gonzalez,… Read More

Liberis Secures an Additional £140M from Barclays, BCI Finance to Fund SMEs

Liberis, a global embedded business finance platform,  announced that they have secured £140m in financing from Barclays Bank PLC and BCI Finance in order “to help secure its global partner expansion and growth plans for the next two years.” This brings Liberis’ total funds raised… Read More

LevelField Financial Selects Cryptoquote for Digital Asset Data, Analytics

LevelField Financial, which claims to be the premier U.S. financial services firm, uniting digital assets and traditional banking services in one “trusted” platform, announced the selection of Cryptoquote, a provider of highly available data, analytics, and research tools, “to deliver LevelField customers industry-leading, real-time digital… Read More

Grab Targets Group Adjusted EBITDA Breakeven by H2 2024 as it Focuses on Profitability

Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More

Visa, Square Deliver Faster Transfers to Canadian Businesses

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

Fintech Galaxy Brings Open Finance Experience to MENA region

Fintech Galaxy, which claims to be one of the industry-leading financial innovation companies, has announced the addition of a team of global Open Banking/Finance experts “as it looks to ramp up its product offering and presence across the MENA region.” Appointments reportedly “include Salt Edge’s… Read More

Nubank Reaches 70M Customers in Latin America

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

EML’s Nuapay Signs Contract Bringing Open Banking to Government Sectors in the UK

Nuapay‘s innovative and “fully customizable” open banking and real-time account-to-account payment capabilities will “give Pay360‘s customers access to cutting-edge payment technologies across all of its gateway connections.” Pay360 claims it is “a market leader for public sector payments – used by more than 60% of… Read More

Young Adults Putting Lives “On Hold” in Cost of Living Crisis, Starling Bank Survey Reveals

Three quarters of young adults (76%) plan “to make major sacrifices or put life events on hold due to the cost of living crisis,” according to a survey by Starling Bank. The research, which questioned 2,000 UK adults, compared age groups and asked about stresses… Read More

Revolut Expands Crypto Offering, Launches Support for 29 Digital Tokens

Revolut, the global financial super app with more than 20 million customers worldwide,  announced that it has “expanded its crypto offering to launch 29 new tokens for US* users, via a new partnership with Apex Crypto.” Customers can now “buy and sell a total of… Read More

Forter, the Trust Platform for E-Commerce, Appoints Tech Exec Eran Vanounou as CTO

Forter, the Trust Platform for digital commerce, announced the appointment of Eran Vanounou as chief technology officer (CTO) “to lead the company’s next stage of product development and innovation.” In this role, Eran will “oversee Forter’s data, precision and engineering teams.” Vanounou’s appointment further “deepens… Read More

SpendMend Receives Investment From Major U.S. Health Systems

SpendMend, a  provider of solutions to optimize the cost-cycle for the healthcare industry, announced they have closed on a round of strategic investments from Spectrum Health Ventures as well as Memorial Hermann Health System. The new venture activity “follows closely in the wake of the… Read More

Fondy to Provide Merchant Customers Virtual IBAN Accts via ClearBank Integration

ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, announced its integration with Fondy, a one-stop payment platform, “to provide ecommerce companies with an efficient, easy-to-implement shop payment solution.” This solution will “allow companies to manage and control their money flow… Read More

Thought Machine, Trade Ledger Provide Cloud-Native Infrastructure for Corporate Lenders

Trade Ledger, the data-driven lending technology provider, has partnered with Thought Machine, the cloud-native banking technology company and developer of core banking engine Vault Core, “to provide a fully integrated technology stack for commercial lenders and banks.” API-driven data exchange between the two companies will… Read More

Crypto Processing Platform Calypso Pay Now Supports Subscriptions, Recurring Payments

Calypso Pay, an all-in-one crypto processing & acquiring platform, implemented support for recurring payments and subscriptions in crypto. Now Calypso Pay customers can “integrate subscription payment widgets on their website.” Zuora’s Subscription Economy Index report reveals that “the subscription economy grew by more than 435%… Read More

Digital Investment Platform Stackwell Introduces Robo-Investing App

Stackwell, the digital investment platform created to eliminate the racial wealth gap,  announced the release of its first product, a robo-investing app, which is currently “available for download in the App Store.” Designed for the Black community, the app focuses on “promoting accessibility, education, and… Read More

AccessFintech Secures $60M via Series C Round Led By WestCap

AccessFintech, the Fintech company evolving the capital markets operating model through data and workflow collaboration, announced the completion of its $60 million Series C funding round, led by WestCap. As the lead investor, WestCap claims that it “brings deep experience building and scaling transformational software… Read More

Bambu Offers Wealth Management Predictive Planning Solution for Microsoft Cloud for Financial Services

Bambu, a global wealth technology provider, announced the launch of their Wealth Management Predictive Planning solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales. The service will “enable Relationship Managers (RMs), Financial Advisors, Agents and firms in the financial sector to identify… Read More

Finastra, Visa Announce BaaS Offering Integrating Visa Direct

Finastra and Visa ( NYSE: V) announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access “to more than two billion accounts through push to account offerings.” The new capability… Read More

ACA Group Acquires Data Specialist Ethos ESG

ACA Group, the governance, risk, and compliance (GRC) advisor in financial services, announced that it has acquired Ethos ESG, a provider of environmental, social, and governance (ESG) ratings data and software “for financial advisors, asset managers, institutions, and investors.” This acquisition “marks ACA’s first analytics… Read More

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