Tagged: financial services

July 13, 2022 @ 8:47 pm By Omar Faridi  |  

Recognise Bank, the Fintech powered business lender and savings provider, has teamed up with TruNarrative, a LexisNexis® Risk Solutions company, in order “to completely transform the onboarding process for its SME business lending customers.” The Bank, which received its full authorization in September 2021, is… Read More

July 13, 2022 @ 5:14 pm By Omar Faridi  |  

Wealth Wizards has implemented a “consumer-led” financial wellbeing app for Royal London in order to help over 1.5 million new and existing workplace pension clients with their finances. Royal London has reportedly configured the Turo Wellbeing app to create a series of personalized journeys to… Read More

July 13, 2022 @ 9:28 am By Omar Faridi  |  

Finnish Card-as-a-Service Fintech Enfuce is reportedly set to launch operations in the United Kingdom after finalizing a €45 million round back in December 2021. Established by co-CEOs Monika Liikamaa and Denise Johansson, Enfuce recently expanded its international presence in Germany and France and currently claims… Read More

July 13, 2022 @ 8:48 am By Omar Faridi  |  

Kadmos, the end-to-end salary payments platform for cross-border employers, has raised €29 million in a Series A funding round “led by Blossom Capital.” The investment round, which follows an €8.3 million seed round back in December, also included existing investors Addition and Atlantic Labs. The… Read More

July 13, 2022 @ 8:46 am By Omar Faridi  |  

The team at GoHenry notes that it has been 10 years since they launched operations in the United Kingdom, and they now have more than two million members in the UK and US. They recently launched their in-app Money Missions “to make financial education fun… Read More

July 12, 2022 @ 11:41 pm By Omar Faridi  |  

More than 90% of UK consumers with a retirement saving pot have said they would “consider using a digital dashboard to get a consolidated view of their total pensions, savings and investments.” This, according to a report by TISA (The Investing and Saving Alliance) and… Read More

July 12, 2022 @ 11:25 pm By Omar Faridi  |  

Hong Kong-based digital bank WeLab recently revealed that it has introduced its virtual wealth advisory service, GoWealth Digital Wealth Advisory. Clients may kick start their personalized investment plans from as low as HKD 100. In April 2022, WeLab had been granted Type 1 (dealing in… Read More

July 12, 2022 @ 10:48 pm By Omar Faridi  |  

UOB (SGX: U11) recently launched a Green and Sustainable Deposits solution for its corporate and institutional clients, which is reportedly “the first such product in Singapore offered by a local bank.” The solution was “piloted with GIC.” Under this solution, the deposits are “deployed to… Read More

July 12, 2022 @ 6:41 pm By Omar Faridi  |  

Canada’s debit network Interac is reportedly adding a backup network provider after this past week’s large-scale outage at Rogers, which had left millions of clients unable to complete payments. In statements shared with Reuters, the company’s management noted: “We are adding a supplier (besides Rogers)… Read More

July 12, 2022 @ 4:14 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.” These reports “provide the CUSIP of all instruments backing… Read More

July 12, 2022 @ 10:57 am By Omar Faridi  |  

Low-code consumer Fintech platform Quiltt recently revealed that it has secured $4 million in capital in order to expand access to financial services tech for consumers by significantly lowering technical barriers for innovators. The company’s investment round has been co-led by Greycroft and Newark Venture… Read More

July 12, 2022 @ 8:11 am By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, has released a whitepaper titled “Rising small business expectations and the evolving roles of financial service providers,” which focuses on modern, technology-enabled services that accountants, banking and financial service providers “offer to… Read More

July 11, 2022 @ 9:02 am By Omar Faridi  |  

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

July 11, 2022 @ 8:15 am By Omar Faridi  |  

Via Enfuce’s “turnkey” service, NBX can offer credit and debit cards “with loyalty-boosting crypto rewards.” NBX, which claims to be the “leading” Nordic crypto exchange, has selected Enfuce, one of Europe’s major Fintech companies, “as its card service provider.” The partnership allows NBX “to offer… Read More

July 11, 2022 @ 1:07 am By Omar Faridi  |  

Fintech Group Fiinu has reportedly had its shares admitted to trading on AIM, with a valuation of around £53 million. Fiinu has obtained its deposit-taking bank license from the Bank of England (BoE). The issuing of the bank license/authorization from the Prudential Regulation Authority (PRA)… Read More

July 11, 2022 @ 12:49 am By Omar Faridi  |  

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to… Read More

July 10, 2022 @ 11:47 pm By Omar Faridi  |  

Delio (CEO James Jung), which claims to be a leader in digital asset finance in South Korea, has launched a Crypto Bank service and expanded its business into offering virtual banking services. Since its founding in 2018, Delio claims it has been “leading the Korean… Read More

July 10, 2022 @ 11:07 pm By Omar Faridi  |  

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

July 10, 2022 @ 9:58 am By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) announced that LINKBANCORP, Inc., the holding company of The Gratz Bank and LINKBANK, selected Jack Henry “to bring modern banking services to its local community.” Founded in 2018, LINKBANCORP had a vision “for entrepreneurial growth, innovation in technology… Read More

July 10, 2022 @ 9:50 am By Omar Faridi  |  

Envestnet announced that it has acquired Redi2 Technologies, Inc., a provider of revenue management and hosted fee-billing solutions for the financial services industry. The deal aims to “create more connections across the Envestnet financial wellness ecosystem for asset managers, wealth managers, and registered investment advisors… Read More