Tagged: financial services

May 29, 2023 @ 10:36 pm By Omar Faridi  |  

Dave Inc. (NASDAQ: DAVE), which claims to be one of the nation’s leading neobanks, announced that its members “have collectively earned more than $1 million through its new Side Hustle feature, Surveys.” Dave launched Surveys in December 2022 “through an exclusive partnership with survey monetization… Read More

May 29, 2023 @ 10:48 am By Omar Faridi  |  

Instant Cash, a company within the FINTX portfolio, the fintech arm of Emirates Post Group, has received the Retail Payment Services and Card Scheme Regulation (RPSCS) Category 2 License from the Central Bank of the UAE (CBUAE). This reportedly makes it “the first Money Transfer… Read More

May 27, 2023 @ 4:49 pm By Omar Faridi  |  

MoMo, which claims to be one of Vietnam’s leading fintech companies, recently announced that it now offers customers of Vietnam’s Apple Store Online flexible payment options, “with the launch of monthly Instalments for Apple Store Online.” With this new feature, Vietnamese customers will “have the… Read More

May 27, 2023 @ 8:26 am By Omar Faridi  |  

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd.,  announced its partnership with global financial technology company SumUp, “to enable acceptance of JCB Cards across SumUp’s European merchant network.” With the return of international travel, the collaboration will “provide new opportunities of… Read More

May 27, 2023 @ 7:57 am By Omar Faridi  |  

Qred, which claims to be one of Europe’s fastest-growing companies, has been granted a full bank license by the Swedish Financial Supervisory Authority (SFSA). Using its proprietary AI-powered financing platform, Qred has since inception in 2015 “issued over 100,000 loans to small businesses in the… Read More

May 27, 2023 @ 7:22 am By Omar Faridi  |  

CaixaBank launches Smartphone TPV, a solution designed for businesses, professionals and the self-employed of any size and sector, “enabling them to easily accept card payments of any amount from mobile devices, without the need for an additional device, as was previously necessary.” It is reportedly… Read More

May 26, 2023 @ 5:23 pm By Omar Faridi  |  

Bitfinex, a  digital asset trading platform, has announced a new investment in the leading Chilean crypto firm Orionx, as both companies look “to ramp up efforts to promote financial freedom and inclusion throughout Latin America.” Paolo Ardoino, CTO at Bitfinex, said: “We’re excited to collaborate… Read More

May 26, 2023 @ 8:20 am By Omar Faridi  |  

Alviere, the global embedded finance platform, is proud to announce that it is partnering with Array to offer Alviere’s enterprise clients customizable digital credit and identity tools “to increase digital engagement, generate revenue, and help end customers own their financial future.” Alviere enables enterprises worldwide… Read More

May 26, 2023 @ 1:01 am By Omar Faridi  |  

Airwallex, the global payments and financial platform for modern businesses, today announced its partnership with TrueLayer, the payments network powered by open banking, to deliver innovative payment solutions for businesses. TrueLayer will leverage Airwallex’s global payments and financial infrastructure API “to build new products and… Read More

May 25, 2023 @ 11:17 pm By Omar Faridi  |  

Atom bank has announced it will appoint Lee Rochford as its new Chairman, subject to full regulatory approval. He will replace Bridget Rosewell when she “steps down in September, having held the role for five years and overseen a critical period of Atom’s growth.” Lee… Read More

May 25, 2023 @ 10:53 pm By Omar Faridi  |  

Klarna, the global payments network and shopping destination, has today launched the UK’s first voluntary credit ‘opt out’, an additional tool in the Klarna app to help consumers save time, money and worry. The new feature will “help consumers achieve their financial goals by providing… Read More

May 25, 2023 @ 10:51 pm By Omar Faridi  |  

Mollie, one of the fastest growing financial services providers in Europe, today launched its in-person payments solution, Mollie Terminal. Initially available in Belgium, Germany and the Netherlands, the launch “marks a pivotal move for Mollie, further strengthening its unified commerce payments proposition.” Mollie Terminal “adds… Read More

May 25, 2023 @ 9:52 pm By Omar Faridi  |  

SAB has announced its collaboration with Ottu, a fast-growing payment fintech, to enhance its Digital Payments Solution. This partnership will “provide SAB merchants with an Online Payment Management Solution (OPMS) using direct integration with the payment gateways provided by SAB.” This collaboration aims “to simplify… Read More

May 25, 2023 @ 8:45 am By Omar Faridi  |  

Anne Boden, the founder of Starling Bank – a top UK digital bank, is to step aside as CEO on 30 June. Boden will remain on the Board as a non-executive director. John Mountain, Starling’s COO, will take over as interim CEO to lead the… Read More

May 24, 2023 @ 11:47 pm By Omar Faridi  |  

Venmo introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive money. The Venmo Teen Account also “comes with a Venmo Teen… Read More

May 24, 2023 @ 11:27 pm By Omar Faridi  |  

Fifth Third Bancorp (NASDAQ: FITB) is pleased to announce the acquisition of Rize Money, Inc., an embedded payments platform that “provides payment infrastructure and risk management capabilities to fintechs and other technology companies that want to offer innovative financial products through a single application programming… Read More

May 24, 2023 @ 11:17 pm By Omar Faridi  |  

Checkout.com, the global payments service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates. This makes Checkout.com the first global payments provider “to be granted an acquiring license in the country, further cementing its position as… Read More

May 24, 2023 @ 3:02 pm By Omar Faridi  |  

With the U.S. Small Business Administration (SBA) actively seeking new ways to help small business owners secure financing during the current credit crunch, Biz2Credit and CPA.com have introduced a new SBA 7(a) lending option “to the CPA Business Funding Portal, a cloud-based platform that supports… Read More

May 24, 2023 @ 9:03 am By Omar Faridi  |  

Global fintech venture capital firm QED Investors announced that it has closed two new funds with combined capital commitments of $925 million. The new capital commitments comprise Fund VIII, “an oversubscribed $650 million early stage fund, and Growth II, a $275 million early growth-stage fund.”… Read More

May 24, 2023 @ 1:18 am By Omar Faridi  |  

Brite Payments, one of Sweden’s fastest growing fintechs and a leader in instant bank payments, announced its Brite Instant Payments Network (IPN). Brite IPN is a proprietary network “that leverages the capabilities of open banking to give merchants and businesses a complete, out-of-the-box instant payments… Read More