Tagged: financial services

June 26, 2022 @ 8:08 pm By Omar Faridi  |  

iCapital, the global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced that Bank of America (NYSE: BAC) has made a strategic investment in the company, “deepening a partnership that began in 2018.” iCapital will use the… Read More

June 25, 2022 @ 7:06 pm By Omar Faridi  |  

Finastra recently announced that Rabobank – a large international financial services group headquartered in the Netherlands – has selected “the latest version of Fusion Global PAYplus for increased efficiency and innovation in payments.” Finastra‘s payments hub will also “help the bank migrate to the new… Read More

June 25, 2022 @ 4:07 pm By Omar Faridi  |  

Alviere, the provider of enterprise software solutions for embedded finance that enables brands to deliver a full suite of financial products and services to customers, fans, and employees, announced it has secured financing from Silicon Valley Bank, the bank of the world’s “most innovative” companies… Read More

June 25, 2022 @ 11:17 am By Omar Faridi  |  

The Hokodo team is pleased to announce a Series B fundraise of $40 million that will help them to fulfil their ambition of “enabling 1 million businesses to access a better way to pay by 2025.” As businesses continue to feel the economic impact of… Read More

June 25, 2022 @ 10:24 am By Omar Faridi  |  

Klarna, a digital bank, payments, and credit provider, announced the launch of its new Loyalty Card feature in the Klarna App. This allows app users “to store and access their physical loyalty cards as digital versions.” They can then “collect all points and benefits at… Read More

June 24, 2022 @ 2:37 pm By Omar Faridi  |  

Tell.money, the Fintech solution that provides innovative and “rapidly” deployable open banking services for banks and other account providers, has teamed up with Toqio, the Fintech SaaS platform that “enables organizations to build and launch fintech propositions.” Addressing Toqio’s PSD2 (Payment Service Directive Two) requirement… Read More

June 24, 2022 @ 1:17 pm By Omar Faridi  |  

Global Fintech SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company “an enterprise value of €8 billion following a decade of rapid growth and global expansion.” The investment round was led by… Read More

June 24, 2022 @ 9:54 am By Omar Faridi  |  

  Fintech firm Northmill, which has the vision to improve financial life, launches Apple Pay for all its card users. It gives users “a safe and simple way to pay with iPhone and Apple Watch.” Northmill has also “introduced an account and a card –… Read More

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

June 23, 2022 @ 12:40 pm By Omar Faridi  |  

Revolut Business has reportedly launched a new cashback offer for US customers. Businesses of any size – from SMEs to freelancers – “get up to 1.9 % cash back for card purchases,” according to an update shared with CI. Revolut, the global financial super app… Read More

June 23, 2022 @ 12:33 am By Omar Faridi  |  

​​Enfuce, which claims to be one of the fastest-growing Fintech firms in Europe, has reportedly chosen Konsentus Verify in order to protect its clients from unauthorized/fraudulent third parties gaining access to account data and funds. Enfuce offers a modern, flexible, scalable, open banking service that… Read More

June 22, 2022 @ 11:40 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the financial “Super App” on a mission to help clients spend “mindfully,” save more and build long-term wealth has launched into Beta in Australia. The beta launch, which will last for around 90 days, comes after Douugh acquired the necessary accreditation… Read More

June 22, 2022 @ 5:12 pm By Omar Faridi  |  

The Bank of London, which claims to be the next-generation tech firm and the world’s “first” purpose-built global clearing, agency, and transaction bank, recently announced its intention “to expand its footprint in the United Kingdom by opening its Centre of Excellence in Belfast, Northern Ireland,… Read More

June 22, 2022 @ 9:38 am By Omar Faridi  |  

Nuula, a Fintech focused on providing small businesses the tools and the capital they need to succeed, announced a new personal loan search feature that “allows small business owners and entrepreneurs that are smaller or earlier stage to search 30+ top lenders for personal loan… Read More

June 21, 2022 @ 10:17 pm By Omar Faridi  |  

Héctor Grisi will assume the CEO role at Banco Santander (NYSE: SAN) on 1 January 2023, “following a transition period, subject to customary approvals.” Mr. Álvarez will “remain on the board and serve as non-executive vice chair.” Mr. Grisi joined Santander in 2015 as CEO… Read More

June 21, 2022 @ 3:17 am By Omar Faridi  |  

Steven, which keeps track of costs shared between friends and family, and are on a mission be the “number 1 solution” for controlling your personal finances in Sweden and in their target markets, has secured 114% (€685,470) of its €600,000 target (at the time of… Read More

June 21, 2022 @ 1:28 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), which claims to be global leader in the evolution of digital P2P payments, recently released the findings of a new customer survey detailing trends around “how families in the United States are transferring money around the world this year.” These… Read More

June 20, 2022 @ 11:26 pm By Omar Faridi  |  

Spend management Fintech Airbase founder and CEO Thejo Kote recently commented on the latest development from Fintech firm Brex. Brex recently announced that they are going “to close all the accounts of small businesses to focus on enterprises and subscription revenue.” As noted by Thejo… Read More

June 20, 2022 @ 7:34 pm By Omar Faridi  |  

BOND.AI, a “human-centered” artificial intelligence firm, recently announced the creation of The BOND Network, a “first-of-its-kind” network of financial institutions and employers for “truly interconnected finance.” The network gives partners – like banks, credit unions, large enterprises, and small businesses – access to modern financial… Read More

June 20, 2022 @ 4:45 pm By Omar Faridi  |  

Dave Inc. (NASDAQ: DAVE), a banking app on a mission “to build products that level the financial playing field,” recently announced the rollout of Dave ExtraCash $500 and Instant to eligible new members “with a plan for a full rollout through the summer months.” Dave… Read More