Tagged: financial services

July 28, 2022 @ 9:43 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) announced that Victor Technologies, Inc. is “working with the company to advance its instant payments strategy.” A subsidiary of MVB Edge Ventures, Inc., and part of the MVB Bank, Inc. family, Victor helps banks “manage fintech partnerships and… Read More

July 28, 2022 @ 9:41 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced its subsidiary, The Depository Trust Company (DTC), has “connected its automated ClaimConnect solution to the claims processing platform offered by financial software provider Kingfield Corporation.” The partnership… Read More

July 28, 2022 @ 10:58 am By Omar Faridi  |  

EquiLend, the global financial technology, data, and analytics company for the securities finance industry, announced the launch of EquiLend Regtech Solutions, a new division developed “to support clients in meeting global regulatory requirements.” The EquiLend Regtech Solutions group was “launched as part of a company-wide… Read More

July 28, 2022 @ 7:51 am By Omar Faridi  |  

Fintech Wales, the not-for-profit membership organization for the Fintech and Financial Services industry in Wales, has opened the applications process “for the third season of its accelerator program, the Fintech Wales Foundry.” The closing date “for applications is 19th August 2022.” The 12-week, no equity… Read More

July 27, 2022 @ 11:17 pm By Omar Faridi  |  

MX, which claims to be a leader in Open Finance, announced it will provide data cleansing and Instant Account Verification (IAV) for FuturePay’s MyTab, a digital revolving credit platform “for online merchants and their customers.” MyTab helps online shoppers across the U.S. “apply once for… Read More

July 27, 2022 @ 10:47 pm By Omar Faridi  |  

Financial technology firm FIS (NYSE: FIS) is continuing to broaden its global merchant services footprint, announcing that its Worldpay from FIS merchant solutions are available in the fast0growing South Korean markets. Worldpay from FIS has teamed up with Seoul’s TossPayments, which is a South Korea… Read More

July 27, 2022 @ 2:51 pm By Omar Faridi  |  

In an Australian banking first, retail CommBank customers will be able “to view their personalized carbon footprint within the CommBank app from early August.” The rollout to all CommBank retail customers “follows a pilot launched in October 2021, which allowed over 250,000 customers to view… Read More

July 27, 2022 @ 1:06 pm By Omar Faridi  |  

Commodity Futures Trading Commission Chairman Rostin Behnam announced a reorganization of Fintech and customer protection efforts and “changes to key roles as the agency evolves to address changing markets and market demographics.” Chairman Behnam is “bolstering the agency’s Fintech efforts by creating the Office of… Read More

July 27, 2022 @ 8:16 am By Omar Faridi  |  

Klarna Kosma, which is Klarna‘s financial technology platform for banking institutions, Fintech firms and retailers, announced its working relationship with Airbank, a digital financial management platform for companies. Klarna Kosma’s Open Banking platform offers Airbank with access to the largest international network of banks, considerably… Read More

July 26, 2022 @ 11:27 pm By Omar Faridi  |  

Tech firm Bloom recently announced that their members may get spending rebates in the form of virtual currency. This move should see the Bloom App become one of Hong Kong’s first-ever spending apps that supports digital currency rebates for Visa card transfers made in Hong… Read More

July 26, 2022 @ 10:35 pm By Omar Faridi  |  

UK-based banking institution Barclays has reportedly taken a stake in Copper via the cryptocurrency custody company’s recent funding round and has invested substantially even though there’s less enthusiasm for volatile crypto-assets. This, according to an update from Sky News. Established back in 2018, Copper offers… Read More

July 26, 2022 @ 2:39 pm By Omar Faridi  |  

Fonoa have raised $60 million in order to expand their global tax solutions. Investors in the Series B investment round led by Coatue “include Dawn Capital, Index Ventures, OMERS Ventures, FJ Labs, Moving Capital.” The funding, which comes just six months after a $20m Series… Read More

July 26, 2022 @ 9:51 am By Omar Faridi  |  

Europe’s provider of credit information, CRIF, has reportedly expanded its Open Banking-enabled consumer credit solution to the United Kingdom, assisting more consumers with  accessing affordable, “responsible” credit during the ongoing economic crisis. CRIF’s credit scoring service, which is currently available to UK-based banking institutions and… Read More

July 26, 2022 @ 7:53 am By Omar Faridi  |  

Barcelona-headquartered community Fintech 11Onze has partnered with insurance firm Tuio, in order to provide a unique market proposal – 11Onze Segurs. It’s a technology-driven, agile, transparent, affordable home insurance service for members. The home insurance policy is around 15-20% cheaper when compared to the average… Read More

July 25, 2022 @ 10:57 pm By Omar Faridi  |  

Tietoevry has decided to initiate a strategic review of Tietoevry Banking, including a process “to study the potential separation into an independent company that would be listed on a stock exchange.” The aim is “to accelerate growth profile, scale and profitability of Tietoevry Banking, and… Read More

July 25, 2022 @ 10:17 pm By Omar Faridi  |  

Instacart, which claims to be the leading grocery technology company in North America, and Chase, one of the largest co-brand card issuers in the U.S., recently launched the new Instacart Mastercard credit card, with Mastercard as the “exclusive” payments network. With this “first-ever” credit card… Read More

July 25, 2022 @ 9:47 pm By Omar Faridi  |  

According to Visa (NYSE: V) internal reporting, friendly fraud can “account for up to 75% of all chargebacks.” Mike Lemberger, Senior Vice President of North America Risk at Visa, said: “Friendly fraud is not always friendly, especially from a merchant’s perspective,” The Fair Credit Billing… Read More

July 25, 2022 @ 8:18 am By Omar Faridi  |  

FNZ, the global wealth management platform, has acquired New Access, a specialized private banking technology firm “primarily active in the markets of Switzerland, Liechtenstein and Luxembourg.” These markets are key to “serving and administering client wealth globally and will support FNZ in delivering on its… Read More

July 24, 2022 @ 8:40 pm By Omar Faridi  |  

Huobi Group, which claims to be one of the world’s leading financial services providers specializing in cryptocurrencies and related products, recently announced that it has been granted MVP provisional approval by the Dubai Virtual Assets Regulatory Authority (VARA) on July 15, 2022, while it “undertakes… Read More

July 24, 2022 @ 5:02 pm By Omar Faridi  |  

The Financial Services Innovation Lab (FSIL), which serves as an interface between the financial services industry and faculty and students at the Georgia Institute of Technology, and Fiserv (Nasdaq: FISV), a provider of payments and financial services tech with a “flagship” presence in Georgia, are… Read More