Tagged: financial services

Amsterdam based Neobanking Fintech bunq Introduces Local Currency Feature via Platform’s Banking App

Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

BBVA and 500 Global to Identify High-Potential Startups for Financial Services

BBVA and 500 Global have entered an agreement for 500 Global to implement an Intelligence Platform that would support BBVA’s ability to “identify new startups, technologies and emerging trends with the potential to impact the future of the most innovative industries, and by extension, the… Read More

11:FS Foundry Teams Up with Google Cloud to Develop Solutions for Businesses Focused on Financial Services

11:FS Foundry recently teamed up with Google Cloud, in order to create an end-to-end or comprehensive solution for businesses implementing new financial services use-cases. Through the partnership, Google Cloud customers will be able to access a clear solution for embedding finance into their products, while… Read More

UAE based Fintech Galaxy Secures $2M in Seed Funding to Support its Open Finance Platform

Fintech Galaxy, the UAE-headquartered open innovation platform, has acquired $2 million in seed funding in order to further enhance the development and rollout of its Open Finance platform, as it looks to further expand its reach and support financial inclusion across the MENA region. Fintech… Read More

Transact Payments Achieves Nearly 4x Growth in Just 4 Years

Transact Payments Limited, a provider of European BIN sponsorship and modular payment, debit, credit and prepaid services, reveals that it has experienced 380% growth in settlement volumes (EUR €) “from 2017/18 to 2020/21 across its expanding client base.” As mentioned in an update shared with… Read More

London based Fintech VALK Surges to $4B in Deals via Platform During Past Year

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

Mastercard Teams Up with Demica to Support Improved Access to Working Capital Solutions

Payment solutions provider Mastercard (NYSE: MA) has entered into a partnership agreement with Demica in order to introduce a supply chain finance capability within Track Business Payment Service (Track BPS). This should enable improved access to “flexible working capital for buyers and suppliers.” As mentioned… Read More

Quantum Computing Startup Multiverse Computing Secures €10M to Focus on Finance Solutions

Multiverse Computing, the quantum computing startup that’s focused on finance, has finalized a €10 million (appr. $11.55 million) seed round. Multiverse Computing created its main product Singularity® for firms operating in the financial industry and looking for a competitive advantage by leveraging quantum computing solutions…. Read More

Bond Financial Technologies, Inc. Expands Into Embedded Credit

Bond Financial Technologies, Inc., the enterprise-grade platform for embedded finance, announces the availability of its new product, Bond Embedded Credit. Clients are able to build and deploy personalized credit products via a single integration, including underwriting, risk management, servicing, and compliance. Embedded Credit, along with… Read More

Financial App Provider Updraft Secures £72M in Equity and Debit to Support UK Expansion

Updraft, the financial app provider, has confirmed its largest investment round, securing  £72 million in equity and debt, in order to support its expansion and assist more UK consumers on a  path to attaining financial independence. The investment round has been led by NatWest, which… Read More

Business Tech Transformation Specialist Glia to Provide Digital Customer Service Solution to Liberty Bank

Glia, a provider of Digital Customer Service, has announced that Liberty Bank has chosen its Digital Customer Service platform. By leveraging Glia’s platform, the bank will be able to digitize its customer service model, “resulting in an easier, more streamlined customer experience as well as… Read More

Digital Transformation: Constellation Digital Partners Introduce New Service for Farmers Insurance Federal Credit Union

Constellation Digital Partners have introduced a digital service for Farmers Insurance Federal Credit Union (FIGFCU) on the Constellation platform. This launch reportedly includes support for member enrollment and authentication, with Android and iOS application support. The digital service FIGFCU comes with a location finder from… Read More

Asia Digital Bank, Recipient of Digital Banking License by Labuan Financial Services Authority, Partners with Bianjie, IRISnet’s Core Team

Asia Digital Bank Ltd. (Labuan Investment Bank), the first recipient of the Digital Banking license issued by Labuan Financial Services Authority in Malaysia and an international digital asset operator, announced a partnership with Bianjie, which is IRISnet’s Core team, and a Cosmos Core Contributor since… Read More

TietoEVRY Unveils New Business Strategy with Focus on Cloud Solutions, Financial Services

TietoEVRY is announcing its new strategy to promote better customer value and growth via specialization. The technology industry is being transformed with the Cloud as the foundation, offering expansion opportunities for the firm. Expansion will mainly focus on Cloud-native services, data & software engineering and… Read More

Payments Fintech Fiserv Set to Expand Digital Storefront Capabilities with Bentbox Acquisition

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech solutions, announced that it has entered an agreement to acquire BentoBox, a digital marketing and commerce platform provider that offers a seamless diner experience “dedicated to accelerating growth and helping restaurants seamlessly… Read More

Netherlands based Virtual Bank Fibr Launches Operations to Support SME Lending Across European Markets

FIBR, the connected virtual banking platform, has launched so that it can serve European SMEs, by combining the stability of a bank with the agility and technology of a Fintech service provider. Based in the Netherlands, FIBR is focused on lending to European SMEs. The… Read More

Fintech GoHenry Introduces Money Missions, In-App Gamified Education, to Support Financial Literacy

GoHenry, a pioneer in kids’ debit cards, money management, and financial education, has introduced Money Missions, which aims to accelerate the firm’s ambitions to bridge the gap in early financial literacy for Gen Z and Gen Alpha “with a gamified educational experience integrated into the… Read More

Pakistan based Digital Payments Platform EasyPaisa Updated with Temenos Transact Core Banking

Temenos Transact Core Banking will be supporting product innovation and greater scalability and overall efficiency for Pakistan’s virtual payments platform Easypaisa. Telenor Microfinance Bank, which is the operator of Pakistan’s digital payments platform Easypaisa, has officially gone live on Temenos’ Core banking platform with NdcTech… Read More

Fintech Is Increasingly being Embedded where Financial Info, Money Is Involved: Report

Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech’s Mass Adoption Moment. The report noted that as Fintech adoption approaches “parity” with traditional banking (95% of consumers are banked), it’s also become the main way that most consumers manage their… Read More

Lithuania’s Financing Platform, Debitum, Will No Longer Offer Cubefunder Loans via their Platform

At the beginning of October 2021, Debitum, a Lithuania-based financing platform, had reportedly asked Cubefunder to repay all the invested amounts and earned interest to their investors. On October 8, 2021, all final payments “were made,” the Debitum team confirmed in a blog post. Therefore,… Read More

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