Tagged: financial services

June 20, 2022 @ 2:27 am By Omar Faridi  |  

Salesforce, which claims to be the global leader in CRM, recently announced it is working with Revolut, the global financial Superapp, “to help grow Revolut Business.” Revolut Business launched in 2017 “to provide companies with multi-currency exchange services, merchant acquiring, and corporate debit cards to… Read More

June 19, 2022 @ 11:55 pm By Omar Faridi  |  

Japan’s Financial Services Agency (FSA) and the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan: OJK) have exchanged letters on Fintech Cooperation Framework “regarding Innovation in the financial sector.” This will lead to “increased exchanges regarding innovative trends and strengthen the cooperative relationship between the… Read More

June 18, 2022 @ 3:08 pm By Omar Faridi  |  

Minna Bank, Ltd., Japan’s “first” digital bank, has recorded more than 1 million downloads of its mobile banking app and over 400,000 accounts have been “opened in its first year of commercial operations since May 28, 2021.” With the first “full” Cloud core banking system,… Read More

June 17, 2022 @ 7:49 pm By Omar Faridi  |  

Aviva reportedly helps millions of customers with planning for their futures so its a key moment for the Open Banking community when they decide “to make a move in this space.” Bud‘s management noted that they’re looking forward “to supporting them along the way.” It’s… Read More

June 17, 2022 @ 6:12 pm By Omar Faridi  |  

Ant Group recently announced the launch of Alipay+ Unified Payment. This product upgrade “provides a unified, scalable technical solution to help online and brick-and-mortar merchants collect money through all digital payment methods supported by Alipay+ in a more convenient and effective way.” Alipay+ offers “a… Read More

June 17, 2022 @ 11:26 am By Omar Faridi  |  

Mazepay is pleased to confirm that they’re under the Danish Financial Supervisory Authority (DFSA) supervision. Mazepay is a pan-European payments institute. After a long application and enrollment process, Mazepay have been “granted a pan-European payments institute license by the DFSA, enabling it to handle transactions… Read More

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

June 16, 2022 @ 8:37 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services “delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation.” TS Banking Group will “migrate the entirety of its banking operations to Temenos’ leading open platform… Read More

June 16, 2022 @ 2:24 pm By Omar Faridi  |  

BANCOMAT S.p.A and Discover signed a strategic agreement that “increases acceptance for Discover, Diners Club International and network alliance cardholders, all part of the Discover Global Network.” This new partnership will “give cardholders the ability to use their cards and mobile payment products on the… Read More

June 16, 2022 @ 8:25 am By Omar Faridi  |  

Wealthsimple is reportedly laying off 13% of its staff members as the financial services firm joins the slew of global technology businesses facing market “immense volatility.” In a letter to staff of the Toronto-headquartered company on Wednesday, CEO Michael Katchen noted that 159 of the… Read More

June 16, 2022 @ 7:57 am By Omar Faridi  |  

With summer firmly upon us, Lisbon’s technology scene is beginning to heat up as it welcomes the launch of “plug-and-play” finance provider, Weavr, to Portugal. In recent times, Portugal has become “a noted hub for startups,” according to an update shared with CI. In fact,… Read More

June 15, 2022 @ 1:38 pm By Omar Faridi  |  

C2FO, which claims to be the largest global platform for working capital, recently announced the launch of the C2FO CashFlow+™ Card, a new option that “enables businesses to accelerate invoice payment without the discount typically required in exchange for early payment.” The CashFlow+ Card “puts… Read More

June 15, 2022 @ 11:27 am By Omar Faridi  |  

Bank of America‘s (NYSE: BAC) Virtual Account Management (VAM) solution is coming to companies operating in the US. The geographical expansion “follows last year’s addition of the Netherlands to the existing UK and Ireland capabilities.” Through VAM, companies can “open virtual accounts that act as sub-ledger… Read More

June 15, 2022 @ 7:55 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued revised Guidelines on Business Continuity Management (BCM) for financial institutions, to help them strengthen their resilience “against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical threats.” The revisions take into account learnings “from the… Read More

June 14, 2022 @ 6:01 pm By Omar Faridi  |  

Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy. It will provide access to EU and US stock exchanges and maintain… Read More

June 14, 2022 @ 4:21 pm By Omar Faridi  |  

CaixaBank and Microsoft (NASDAQ: MSFT) have established a joint innovation agreement with the aim of “promoting the application of Artificial Intelligence (AI) in new financial solutions, as well as creating new innovative work environments located in the Metaverse.” The agreement involves the launch of an… Read More

June 14, 2022 @ 10:07 am By Omar Faridi  |  

Swoop, the “one-stop” money shop for businesses, has acquired £5.4 million via a Series A funding round “to accelerate international expansion and help more companies to access an array of financing options.” The funding announcement follows “a surge in demand for SME financing, with revenues… Read More

June 13, 2022 @ 9:06 pm By Omar Faridi  |  

NymCard, the MENA-based Banking as-a-Service (BaaS) provider and card issuer, has raised $22.5 million in its latest funding round. This will help NymCard “enable MENA-based Fintechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury, leverage its over 150+… Read More

June 13, 2022 @ 3:47 pm By Omar Faridi  |  

Coinme, a cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), recently announced at Consensus 2022 a strategic collaboration “to integrate USDC into Coinme’s global cash onramp and offramp ecosystem.” The integration “promotes financial… Read More

June 13, 2022 @ 7:29 am By Omar Faridi  |  

During an internal “All Hands” meeting held this past Thursday (June 9, 2022), the challenger stockbroking app, Freetrade, revealed that it will be implementing redundancies for around 15% of its staff members. Freetrade‘s management recently noted that it is planning to make up to 15%… Read More