Tagged: financial services

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

Figure Completes $200M Series D

Blockchain-based financial services provider Figure officially closed its $200 million Series D, leaving it with a $3.2 billion valuation. New investors including entities and funds associated with affiliates of Apollo Global Management, Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management… Read More

Global Fintech GoCardless Appoints Alexandra Chiaramonti as its GM for Southern Europe

GoCardless, a global Fintech in account-to-account payments, has reportedly appointed Alexandra Chiaramonti as its GM of Southern Europe. Chiaramonti will be responsible for leading GoCardless‘ ongoing growth in the region by continuing to recruit new talent in order to strengthen the firm’s presence in its… Read More

Digital Asset Firm Kraken Releases Report on Benefits of Centralized Finance Platforms Amid DeFi Boom

The team at digital assets firm Kraken has revealed that cryptocurrency savings accounts are quickly becoming an “attractive option over traditional savings accounts.” As interest rates continue to decline – sometimes going negative at European banks and other jurisdictions – consumers are increasingly looking for… Read More

Digital Banking: Union Bank of Philippines to Launch Fourth Virtual Bank in Southeast Asian Nation

The Union Bank of the Philippines, which is part of a conglomerate that is led by Aboitiz Equity Ventures, will be launching the fourth all-digital banking platform in the Southeast Asian country. This, according to a Philstar Global report. The UnionBank’s virtual bank application has… Read More

Global Fintech InvestCloud Chosen by BNP Paribas Wealth Management to Offer CRM, Client Lifecycle Management

InvestCloud, a global Fintech company that designs and creates financial software for established banks, wealth managers and asset managers, has been chosen by BNP Paribas Wealth Management to offer Client Relationship Management (CRM) and Client Lifecycle Management (CLM) services for onboarding and “nurturing” high-net-worth (HNWI)… Read More

Liechtenstein’s Asset Manager LGT Acquires Minority Stake in Germany based Digital Wealth Management Platform LIQID

LGT, a global private banking and asset management group that is owned by the Princely House of Liechtenstein, has reportedly decided to acquire a minority stake in Germany’s digital wealth manager LIQID. As noted by its management: “LIQID is a digital wealth manager that offers… Read More

LOQBOX Partners with ClearScore to Assist UK Consumers with Establishing Good Credit History

Financial exclusion is negatively affecting billions of consumers across the globe, including the younger generations who do not have established credit histories. As the United Kingdom‘s economy tries to recover from the COVID-19 crisis, the nation’s lending platforms are expecting an increase in unsecured lending…. Read More

Chicago’s Startup Paro, a Provider of On-Demand Financial Expertise, Secures $25M via Series B

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

UK based IslamicFinanceGuru Secures £3.0M in Capital from Outward VC

IslamicFinanceGuru has secured £3.0 million in capital through a round led by Outward VC. Outward says it is pleased to confirm their investment in IFG, the UK-headquartered Islamic finance platform. Other investors include B&Y Venture Partners and angels. The platform has been designed to offer… Read More

AI enhanced Data Extraction Solution Provider Daloopa Secures $20M via Series A from Credit Suisse, Others

Credit Suisse (SWX: CSGN) has reportedly led a $20 million Series A round in Daloopa, a provider of artificial intelligence enhanced data extraction solutions to hedge fund managers, investment banks, and various other financial institutions. Based in New York, Daloopa’s tech has been designed to… Read More

Fintech TrueAccord Says Financial Tech Firms are “Rethinking” Approach to Existing Problems to Build Better Solutions

TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health,” noted that halfway through 2021, digital commerce and consumer spending continue to witness the impact of government stimulus payments “while consumers look for new ways to invest and leverage their… Read More

Fuse Network, a Blockchain Infrastructure Provider for Mobile Payments, Partners ICHI to Give Users Control Over their Funds

Fuse Network, a blockchain or DLT infrastructure supporting mobile payments, reveals that it has teamed up with ICHI in order to empower any community to “fully control its own money.” As mentioned in an update shared with CI: “Fuse Network has grown quickly by lowering… Read More

UK’s Open Banking Fintech TrueLayer Appoints Tilen Chetty, Dan Gaskin to Focus on APAC Expansion

TrueLayer, the global Open Banking solution provider, reveals that it has hired technical professionals in Australia in order to expand operations in the APAC region. Tilen Chetty will be joining TrueLayer in Sydney as Product Lead and Dan Gaskin will be working out of the… Read More

Philippines based BaaS Fintech Netbank Partners Alternative Lenders so their Platforms Can Expand Operations

Philippines-based Netbank has now partnered with several alternative lenders so that the lending platforms can expand their operations without having to acquire additional funding. Netbank, the first Southeast Asia-based banking as a service (BaaS) platform operating via a bank license, is reportedly working closely with… Read More

Global Financial Solutions Provider, Profile Software, Updates Cloud based Treasury Platform

Profile Software, a global financial solution provider, reveals that it has introduced a new version of its Treasury platform, Acumen.plus. As noted in the announcement, the upgraded, STP, real-time Cloud-native platform aims to provide advanced UX and automation to the modern Treasurer, internationally. Leveraging its… Read More

Global Mobility Solutions Provider Comviva Introduces mobiquity Pay X, a Digital Wallet and Payments Platform

Comviva, the international leader in mobility solutions, reveals that it has launched mobiquity Pay X, which is described as a next-gen digital wallet and payments platform. mobiquity Pay serves as a digital financial services solution, supporting more than 70 digital wallets and payment services for… Read More

Mobile-Only, Shariah Compliant Banking Solution Introduced by Boubyan Bank in the UK

Boubyan Bank has introduced a mobile-only, Sharia-compliant banking solution in the United Kingdom. The platform will aim to address the requirements of individuals residing in the Middle East who may have international banking needs. As noted in the announcement, Nomo will be providing a new… Read More

Softbank Vision Fund 2 Leads Fintech M1 Finance’s $150M Round, Company Now Valued at $1.45B

Brian Barnes, the Founder and CEO at M1 Finance, notes that he’s pleased to confirm the company’s $150 million Series E round, led by Softbank’s Vision Fund 2 along with participation from existing investors. M1 Finance‘s latest investment round brings the company’s valuation to $1.45… Read More

UK’s BaaS Fintech Railsbank Secures $70M from Anthos Capital, Central Capital, Others

UK banking-as-a-service (BaaS) provider Railsbank has secured $70 million in capital in order to promote its brand and products globally. Railsbank‘s latest investment round has been led by Anthos Capital and received contributions from Central Capital (VC division of Indonesia’s largest privately-held banking institution), Cohen… Read More

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