Tagged: financial services

April 23, 2022 @ 2:47 pm By Omar Faridi  |  

Brex, the Fintech firm that is focused on reimagining finance for growing businesses, has  announced its acquisition of Pry Financials, which is a software platform “with tools designed to enable budgeting, bookkeeping and forecasting, for $90 million.” As mentioned in the update, cash flow forecasting… Read More

April 22, 2022 @ 2:25 pm By Omar Faridi  |  

Wells Fargo (NYSE: WFC) recently announced the Small Business Resource Navigator, which is an online portal helping connect small business owners “to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.” The portal was launched in collaboration “with the… Read More

April 21, 2022 @ 5:01 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) recently announced that Old Second National Bank has expanded its collaboration with Jack Henry “to support the bank’s digital and growth strategy.” Among the largest locally headquartered banks in the Chicago area, Old Second benefited from “a seven-year… Read More

April 21, 2022 @ 12:15 pm By Omar Faridi  |  

First Internet Bank recently announced that Genevieve Lua has “joined its growing Small Business Administration (SBA) Lending team as a Vice President, Business Development Officer.” First Internet Bank Vice President, National SBA Sales Manager Mark Gibson said: “Genevieve’s people-first focus and relationship-building skills are important… Read More

April 21, 2022 @ 8:27 am By Omar Faridi  |  

Qualco UK, which delivers panel management solutions and analytics that are focused on debt resolution, has reportedly gone live with new solutions leveraging Open Banking tech. Having teamed up with Ecospend and Themis Global, Qualco UK is providing account-to-account payment options, under a white label… Read More

April 20, 2022 @ 9:45 pm By Omar Faridi  |  

In the APAC region, regulatory authorities have reportedly been working on frameworks and guidelines in order take account of various products and services that are being launched due to ongoing Fintech innovation and the rise of emerging technologies. However, with the COVID crisis significantly accelerating… Read More

April 20, 2022 @ 8:17 am By Omar Faridi  |  

French Fintech Kard has introduced a range of virtual banking services that allows families to gain a better understanding of exactly where they spend their funds. These new features show Kard users the actual name of each brand, the corresponding logo or icon and the… Read More

April 20, 2022 @ 12:50 am By Omar Faridi  |  

If you’re an Indian exporter, then you may need to care about the European market, according to an update from Razorpay. The European Union is reportedly India’s second-largest destination for exports and is India’s third-largest trading partner, “accounting for €62.8 billion worth of trade in… Read More

April 19, 2022 @ 10:43 pm By Omar Faridi  |  

In addition to financial services, the Aliada Digital Card offers a range of free “basic” assistance, such as a 24-hour online doctor, ambulance service, unlimited online counseling with a psychologist, legal advice and “one-click concierge services,” as well as “all the benefits offered by the… Read More

April 19, 2022 @ 4:07 pm By Omar Faridi  |  

Financial technology provider FIS (NYSE: FIS) has announced its Banking-as-a-Service Hub, enabling banking institutions, credit unions, and Fintechs to build the virtual banking and payments ecosystems they require to provide innovation to merchants and consumers. The FIS Banking-as-a-Service Hub offers a complete suite of banking… Read More

April 19, 2022 @ 2:25 am By Omar Faridi  |  

With mobile wallet transactions expected to surge to $708 billion in Europe by 2025, we may  need to simplify the payments process, according to VitraCash. The Fintech firm has launched a smart debit card & app that “selects the best card for every transaction.” With… Read More

April 18, 2022 @ 8:01 pm By Omar Faridi  |  

Tech sometimes moves at “a dizzying pace.” When it comes to innovation in financial activities, often referred to as Fintech, the world is “seeing major advances,” according to an update from the IMF. For banks, Fintech “disrupts” core financial services and “pushes them to innovate… Read More

April 18, 2022 @ 7:45 am By Omar Faridi  |  

Technology is too often a “blindfold” when it should be a “microscope,” Oxford Risk has warned. Wealth managers or advisers risk failing investors on suitability “by not using technology appropriately to measure ESG preferences and being caught up in the ‘green rush’,” according to behavioral… Read More

April 18, 2022 @ 2:04 am By Omar Faridi  |  

The Bank of London, the next-gen tech firm and the “world’s first” purpose-built global clearing, agency, and transaction bank, recently announced the appointment of Tom Wood as Deputy-Chief Executive Officer United Kingdom (UK) and Member of its UK Bank Board, “reporting directly to Group Chief… Read More

April 17, 2022 @ 11:54 pm By Omar Faridi  |  

Truelytics recently teamed up with BlackRock (NYSE:BLK) to offer advisors “access to data, analytics, and insights to manage and grow their practices.” Financial advisors need access to the most “accurate, timely, and insightful tools for helping manage their practice and improve their valuation.” To that… Read More

April 17, 2022 @ 8:00 pm By Omar Faridi  |  

We recently connected with Bill Sytsma, Senior Vice President at Callsign, a digital trust pioneer servicing some of the top banks in the US, to discuss authorized push payment (APP) fraud. Bill began working at Callsign in January 2021, where he is responsible for the… Read More

April 17, 2022 @ 12:12 pm By Omar Faridi  |  

  Deserve, a Fintech transforming credit cards into software that “lives on mobile and in the cloud,” recently announced that it is improving the commercial credit card category by offering the platform that “empowers banks and B2B companies to launch corporate credit and charge cards.”… Read More

April 16, 2022 @ 6:27 pm By Omar Faridi  |  

MogoPlus, the international “experts” in bank transaction data insights, will reportedly work with TrueLayer, a key player in open banking, to “access financial data using Australia’s Consumer Data Right (CDR).” As mentioned in an update shared with CI, MogoPlus is in “the process of becoming… Read More

April 16, 2022 @ 6:23 pm By Omar Faridi  |  

MX, which claims to be the leader in Open Finance, and Boss Insights, a key player in business data aggregation, are teaming up to provide Fintechs and financial institutions real-time access “to enhanced small business banking, accounting, and commerce data to accelerate business lending and… Read More

April 16, 2022 @ 5:36 pm By Omar Faridi  |  

Formations, a financial management solution that “maximizes” the financial wellbeing of the self-employed, recently announced the completion of an $8 million Series A round led by Arthur Ventures. The investment round comes on the heels of YoY growth “of 500%.” It will help Formations further… Read More