Tagged: financial services

June 10, 2022 @ 11:53 am By Omar Faridi  |  

On the margins of the Ninth Summit of the Americas, DFC and Mastercard (NYSE: MA) announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed “to… Read More

June 10, 2022 @ 9:38 am By Omar Faridi  |  

Backbase, creator of the “category-leading” Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering “with a Fintech specialist private equity firm, to further strengthen its claim on the… Read More

June 10, 2022 @ 7:51 am By Omar Faridi  |  

Swedish firm Juni, a neobank focused on digital commerce entrepreneurs, has finalized a $206 million Series B and venture debt funding. The $100 million Series B investment round has been led by Mubadala Capital, whose international Fintech initiatives reportedly include investments in SpotOn, Brex, C2FO,… Read More

June 9, 2022 @ 11:52 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech solutions, has expanded the portfolio of payout options available to businesses using its Carat operating system “to include digital checks.” Enabled in collaboration with Checkbook, Inc., an all-in-one push-payments processor, this new… Read More

June 9, 2022 @ 11:27 pm By Omar Faridi  |  

The AXIAN Group recently revealed that it has joined Disruptech Egypt Fund I, which is a venture capital fund focused on supporting technology-enabled firms and Fintech startups in Egypt. Disruptech Egypt Fund I is a VC fund dedicated to further developing Egypt’s financial-technologies sector by… Read More

June 9, 2022 @ 10:47 pm By Omar Faridi  |  

Tipalti, the global payables solution, recently announced Bill Talk and Bill Docs, two new enhancements to its accounts payable automation solution, which will “further modernize the invoice approval process.” The innovations make it “effortless” for buyers and approvers “to collaborate, while improving audit readiness and… Read More

June 9, 2022 @ 5:04 pm By Omar Faridi  |  

StoneX Group Inc., a “diversified” global financial services firm providing execution, risk management and advisory services, market intelligence, and clearing services across multiple asset classes and markets around the world, recently announced the launch of StoneX Digital LLC , a subsidiary dedicated “to providing institutional… Read More

June 9, 2022 @ 2:13 pm By Omar Faridi  |  

MX, which claims to be a leader in Open Finance, recently announced the MX Partner Network has “doubled the number of its fintech partners in the past year alone.” MX partners with the “best” organizations across the financial services ecosystem “to bring industry-leading solutions and… Read More

June 9, 2022 @ 10:29 am By Omar Faridi  |  

Triterras Inc., a Fintech company focused on trade and trade finance, and Unqork, the no-code enterprise application platform, recently announced that they have entered a partnership “to further digitize global trade finance.” Unqork will be used “to enhance the end-to-end trading lifecycle of Triterras’ Kratos… Read More

June 9, 2022 @ 7:52 am By Omar Faridi  |  

Bloomberg has announced that Baader Bank AG, an investment bank in Germany, has adopted Bloomberg’s Rule Builder (RBLD), in order to automate its equities trading processes and streamline the performance of the company’s buy-side trading desk by leveraging key insights obtained from Bloomberg Transaction Cost… Read More

June 8, 2022 @ 10:47 pm By Omar Faridi  |  

Ever imagine visiting your banking branch virtually (without having to leave your residence) or conveniently discussing investment plans with a financial advisor? Well, the day is not so far away when you may have the option to transact, access banking details and access various banking… Read More

June 8, 2022 @ 10:08 pm By Omar Faridi  |  

Nomisma Solution, which claims to be a “true” end-to-end SaaS suite built for accounting firms & SME clients, has secured 100% (£503,0901) of its £500,000 target from 98 investors (at the time of writing) through its crowdfunding campaign via Crowdcube (with 22 days left in… Read More

June 8, 2022 @ 10:44 am By Omar Faridi  |  

It’s been over ten years now since digital lending software provider Blend (NYSE:BLND) launched its business. Blend noted that it is almost hard to believe that “at that time the mortgage process was largely manual, time-consuming, and paper-based.” Blend also mentioned that they believed that… Read More

June 8, 2022 @ 8:17 am By Omar Faridi  |  

Invoice finance and embedded finance (think: buy now, pay later options at checkout) help companies with improving their cash flow. On top of this, they manage operational expenditure “to improve their business growth,” the MarketFinance team explains. Invoice finance has been a tool companies have… Read More

June 8, 2022 @ 12:34 am By Omar Faridi  |  

CaixaBank, which claims to be Spain’s “leading” financial institution, has launched FXNow, its online platform that enables customers to trade currencies “in real time, quickly, securely and without intermediaries, in Morocco.” With the launch, CaixaBank claims it has become “the only Spanish bank in Morocco… Read More

June 7, 2022 @ 11:29 pm By Omar Faridi  |  

Fiinu has confirmed the appointment of new members to its Senior Leadership Team. Chris Sweeney, Philip Tansey, Huw Evans and Wan Chuen Lau all join the firm in anticipation of Bank of England (BoE) authorization of its bank license application. Fiinu posted on its website… Read More

June 7, 2022 @ 10:12 pm By Omar Faridi  |  

Last year, Commonwealth Bank of Australia set itself the “aggressive” recruitment target of appointing 100 new engineers each month in a bid “to help the bank deliver against its strategy of providing global best digital experiences to customers.” Less than 12 months later and the… Read More

June 7, 2022 @ 12:02 pm By Omar Faridi  |  

Westpac has launched Westpac DataX, a data analytics offering that will “enable faster, data-backed decision making for [their] largest clients.” Using de-identified credit card data from over six million daily card transactions, Westpac DataX “enables self-serve analytics for our clients so they can embed insights… Read More

June 7, 2022 @ 9:57 am By Omar Faridi  |  

Nationwide Building Society has reportedly extended its commitment to protect physical branch locations in cities and towns across the United Kingdom for at least another year as part of ongoing efforts to assist households amid the unprecedented rise in cost-of-living. The mutual lender stated that… Read More

June 7, 2022 @ 1:07 am By Omar Faridi  |  

Pennyworth, an AI-powered private bank for the “aspiring” affluent, has secured 103% (£619,023) of its £600,000 target from 241 investors (with 15 days left in the firm’s crowdfunding campaign) via Seedrs. Located in the United Kingdom, Pennyworth operates in the Finance & Payments sectors (Digital B2C)…. Read More