Tagged: financial services

July 24, 2022 @ 1:44 pm By Omar Faridi  |  

Moneyhub, which claims to be one of the market-leading Open Data and payments platform, is teaming up with Pennyworth, a financial planning and banking app, “to redesign digital banking for the aspiring-affluent consumer.” Pennyworth, which has applied for a UK banking license, has “developed a… Read More

July 23, 2022 @ 7:13 am By Omar Faridi  |  

Investing in tech to optimize data and modernize data management are the “top priorities” for financial services firms according to research by Fintech Broadridge Financial Solutions, Inc. (NYSE:BR). The research was “compiled from a survey of 200 financial services professionals, conducted at the recent SIFMA… Read More

July 22, 2022 @ 8:39 pm By Omar Faridi  |  

As U.S. demographics change, so does the pool of Americans “pursuing homeownership.” According to Freddie Mac, the Hispanic American homebuyer segment “has increased by 25% in the last decade.” By 2030, this growing sector “will represent an estimated 56% of all new homeowners.” Still, Spanish-speaking… Read More

July 22, 2022 @ 1:33 pm By Omar Faridi  |  

SumUp, the financial partner for small businesses across the globe, recently confirmed the introduction of SumUp Magic Pay, a QR code payment service for the hospitality industry. Hospitality client behavior has been changing in a post-pandemic environment. As the sector reopened in different phases, it… Read More

July 22, 2022 @ 1:30 pm By Omar Faridi  |  

Emma, the financial super app, recently announced the launch of its commission-free stock trading to over 1 million customers in the United Kingdom, after successfully “testing with more than 30,000 users who registered on the waiting list.” Emma customers currently “use the app to see… Read More

July 22, 2022 @ 8:44 am By Omar Faridi  |  

InvestCloud, which claims to be the international leader in digital transformation for the financial industry, recently announced that it is supporting Rabobank, one of the Netherlands’ largest banks, in order “to provide digital financial planning for all its customers, from private banking to retail clients.”… Read More

July 21, 2022 @ 6:55 pm By Omar Faridi  |  

Global analytics software provider FICO (NYSE: FICO) announced a partnership agreement with Israel’s Open-Finance.ai, a risk, finance and compliance software enabler of open banking and finance services and consulting firm headquartered in Tel Aviv. Through this agreement, Open-Finance.ai will “integrate the FICO® Blaze Advisor® decision… Read More

July 21, 2022 @ 4:02 pm By Omar Faridi  |  

BankiFi, an embedded banking solutions provider, announced its expansion into North America with “the launch of BankiFi Americas.” The organization’s growth and expansion into the U.S. market “will support the unique digitization and payment modernization requirements of SMBs, while placing financial institutions at the heart… Read More

July 21, 2022 @ 11:29 am By Omar Faridi  |  

Plutus, the Visa debit card offering 3-8% in crypto cashback, recently announced its plans to further expand into the US neobanking sector. Plutus is a London-based Fintech providing crypto cashback rates and 20+ Perks “such as 100% back on Netflix, Spotify, and Prime.” Its user… Read More

July 21, 2022 @ 8:18 am By Omar Faridi  |  

Post-Brexit, FX brokers are losing business and money because they’re “not permitted to service EU-based clients,” the team at Currencycloud notes in a blog post. And when they want to expand to reach these markets, the cost and time it takes to seek regulation is… Read More

July 20, 2022 @ 10:47 pm By Omar Faridi  |  

FairPlay, which claims to be the world’s first “Fairness-as-a-Service” solution for algorithmic decision-making, announced that it has raised $10 million in Series A funding. The investment round was “led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut… Read More

July 20, 2022 @ 10:10 pm By Omar Faridi  |  

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was “led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.” The additional capital “enables… Read More

July 20, 2022 @ 8:51 pm By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a referral partnership with Member Driven Technologies (MDT), a credit union service organization. MDT hosts the Episys® core platform from Symitar®… Read More

July 20, 2022 @ 6:48 pm By Omar Faridi  |  

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, recently announced the appointment of Bruno Tavares as VP of Engineering. Bruno has “a strong background in technology, built on more than twenty years of industry experience.” He has “a clear… Read More

July 20, 2022 @ 6:40 pm By Omar Faridi  |  

TS Imagine, which claims to be a global leader in trading, portfolio, and risk management solutions for capital markets, is expanding its presence in Canada “with new facilities in Montréal to boost its North American operations and drive its international growth.” TS Imagine opened its… Read More

July 20, 2022 @ 12:57 am By Omar Faridi  |  

Lumio, which is focused on building a “hyper-personalized” finance app for people to grow their money on autopilot, has secured 155% (£311,594) of its £200,000 target via Crowdcube from 457 investors (at the time of writing) with 7 days left in the sale. Lumio reports… Read More

July 19, 2022 @ 11:17 pm By Omar Faridi  |  

Zimpler, which claims to be a leading Fintech company born in Sweden, recently announced that it has gone live in Norway. Following Sweden, Finland, Germany, Estonia, The Netherlands, Latvia and Lithuania, Norway becomes the eighth market “to offer Zimpler’s account-to-account payments solutions.” The first merchant… Read More

July 19, 2022 @ 11:00 pm By Omar Faridi  |  

Stori, a “rapidly growing” fintech company offering credit card products to Mexico’s underserved population, recently announced its latest round of financing of $150 million, which “values the company at $1.2 billion.” As a result of this latest investment round, Stori now “joins a select group… Read More

July 19, 2022 @ 10:54 pm By Omar Faridi  |  

The UK Government is currently dealing with a political crisis with over 50 parliament members resigned from the government “in protest” of Prime Minister Boris Johnson’s leadership, the Robo.cash team recently noted. Many events, like the Chris Pincher affair, raising taxes amid inflation, the “partygate”… Read More

July 19, 2022 @ 9:54 pm By Omar Faridi  |  

Apiture, which claims to be a “leading” provider of digital banking solutions, announced the closing of a $29 million fundraising round which was led by Live Oak Bank, with participation from other existing investors. The latest investment round “brings the total funding raised by Apiture… Read More