Tagged: financial services

May 13, 2022 @ 10:46 am By Omar Faridi  |  

Banco Santander is digitalizing its Core banking with Cloud tech in order to improve service and efficiency. The core banking platform is reportedly the most vital part of a bank’s IT infrastructure and is “where the main financial transactions, such as money transfers, deposits or… Read More

May 13, 2022 @ 7:50 am By Omar Faridi  |  

Brex, the firm that is “reimagining” finance for growing businesses, recently announced it is expanding Brex Empower to serve employees from US-based companies in over 100 countries “across card, spend management, and reimbursements.” Brex Empower — a new software platform designed to enable businesses to… Read More

May 12, 2022 @ 11:16 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a pioneer in Cloud banking and digital transformation solutions for the global financial services industry, has announced that Capitec Bank, a virtual bank has teamed up with nCino. nCino is assisting with building the bank’s Business Banking loan management system, “optimizing… Read More

May 12, 2022 @ 9:17 pm By Omar Faridi  |  

Starling Bank, the digital bank, has reportedly doubled the size of its Cardiff office and “created hundreds of new jobs as its growth continues.” 868 employees are based in the region, “a 117% increase on the bank’s original 2020 pledge to hire 400.” As mentioned… Read More

May 12, 2022 @ 5:04 pm By Omar Faridi  |  

Current, a U.S. financial technology platform serving Americans working to “create a better future” for themselves, recently announced the launch of its platform API, “built to facilitate seamless integrations and embedded banking experiences.” Plaid, the API-first data network powering the digital financial ecosystem, is reportedly… Read More

May 11, 2022 @ 5:54 pm By Omar Faridi  |  

KeyBank has reportedly acquired another Fintech. This time, the company has bought a business that works cooperatively with consumers who may have outstanding student loan debt. The Cleveland-headquartered banking institution confirmed on Monday (May 10, 2022) that it had acquired GradFin, which provides counseling to… Read More

May 11, 2022 @ 7:52 am By Omar Faridi  |  

Peppermint Innovation (ASX: PIL) has reportedly been granted a license in order to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines, “in one of the biggest regulatory milestones achieved by the company.” The EMI license authorizes the company “to… Read More

May 11, 2022 @ 7:50 am By Omar Faridi  |  

As a leader at an advisory or investment company, you may recognize the requirement to streamline your business by leveraging appropriate technology, data and services–but the “process of designing that stack has its challenges,” according to an update from Addepar. Does the proposed solution “handle… Read More

May 10, 2022 @ 11:36 pm By Omar Faridi  |  

Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.” With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy,… Read More

May 10, 2022 @ 2:42 pm By Omar Faridi  |  

COMO, an international automated paytech, has chosen SAP Fioneer’s Cloud for Banking (C4B) application. This partnership will “allow COMO’s customers immediate access to rich core banking functionality, while enabling real-time payment transactions and reducing costs by up to 60% for corporates.” The C4B system and… Read More

May 8, 2022 @ 11:56 am By Omar Faridi  |  

Asa connects financial institutions with vetted Fintechs for end users “in a secure, compliant and easy to implement marketplace.” The firm has announced that 40-year banking industry veteran Austin Adams has “joined its board of directors.” In this role, Adams is “helping drive the company’s… Read More

May 7, 2022 @ 1:36 pm By Omar Faridi  |  

Kaleidofin, a Fintech firm from India, has finalized a second close to its $15 million Series B equity round. The company’s latest investment round has been led by the Michael and Susan Dell Foundation. The recent round takes the total funding secured by Kaleidofin to… Read More

May 6, 2022 @ 5:47 pm By Omar Faridi  |  

SaaScada, the Cloud native Core banking platform provider, recently announced it has secured £2.5 million in seed funding “from over ten investors – including leading figures from the banking and private investment sectors.” The SaaScada Cloud native platform “allows Fintechs and challenger banks to launch… Read More

May 6, 2022 @ 2:01 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, has launched Stripe Financial Connections, “enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes.” The new service aligns with the Open Banking or Open Finance movement that enables… Read More

May 5, 2022 @ 10:43 pm By Omar Faridi  |  

Metro Bank is reportedly one of the signatory companies “pledging support for the National Literacy Trust’s Vision for Literacy Business Pledge.” Poor adult literacy skills mean that one in seven adults in England “have the reading skills of a nine to eleven year old.” Poor… Read More

May 5, 2022 @ 8:42 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and “helps merchants drive growth,” and Fiserv, an international provider of payments and financial services tech solutions, announced a relationship that will “make Affirm available to Fiserv enterprise merchant clients later this year.” With this partnership,… Read More

May 5, 2022 @ 2:38 pm By Omar Faridi  |  

The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

May 4, 2022 @ 11:41 pm By Omar Faridi  |  

Simplii Financial has launched a new online and mobile banking feature for clients, “enabling recurring and future-dated Interac e-Transfer® transactions to be set up or scheduled up to five years into the future.” Vineet Malhotra, Head, Simplii Financial, stated: “Our clients have been asking for… Read More

May 4, 2022 @ 8:27 am By Omar Faridi  |  

Kevin., a Lithuania -headquartered account-to-account payments Fintech, has acquired $65 million via a Series A round that has been led by Accel. Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures, and a host of angels joined the company’s latest investment round, which has come only… Read More

May 4, 2022 @ 8:25 am By Omar Faridi  |  

Atom Bank is reportedly expanding Portal, which is their next-gen broker gateway- in order to include their Quick Quote tool. As noted in the update, this addition will enable brokers providing secured business loans to self-assess and create an indicative quote within the portal before… Read More