Tagged: financial services

April 15, 2022 @ 11:24 am By Omar Faridi  |  

Douugh Ltd, the banking ‘Super App’ on a mission to help customers budget, save and invest their money “to live financially healthier lives,” is pleased to announce a partnership with Pinwheel in order to facilitate automatic direct deposit switching for its US clients. Douugh’s clients… Read More

April 15, 2022 @ 9:30 am By Omar Faridi  |  

TIFIN, a Fintech platform using Artificial Intelligence and investment-driven personalization to assist asset managers with their digital distribution, announced that Distill by TIFIN is partnering with Harbor Capital Advisors, a “premier” investment firm offering access to a range of investment solutions, “to provide real-time digital… Read More

April 14, 2022 @ 10:41 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services technology, announced that Arkansas Federal Credit Union has upgraded from their prior person-to-person (P2P) payment solution “to the Zelle Network® via Fiserv.” In the first two months post-launch, Arkansas Federal has “seen P2P… Read More

April 14, 2022 @ 2:35 pm By Omar Faridi  |  

Brex, the firm that’s focused on reimagining finance for growing businesses, announced Brex Empower, a new software platform designed “to increase the speed of businesses by enabling a culture of trust and financial discipline.” Empower will serve as the foundation for all Brex products “moving… Read More

April 14, 2022 @ 8:49 am By Omar Faridi  |  

Nubank (NYSE: NU), one of the largest digital financial services platforms globally, recently announced that it strengthened its international operations by obtaining a credit line of $650 million, which will be “invested in the Mexican and Colombian markets, where the company operates under the name… Read More

April 13, 2022 @ 10:11 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Poshmark, a social marketplace for new and secondhand style, announced a 2-year extension and expansion of their partnership “to deliver increased payment flexibility to shoppers.” Poshmark was one of the… Read More

April 13, 2022 @ 9:05 pm By Omar Faridi  |  

Elwood Technologies, an established Fintech offering market access and workflow solutions to digital assets for institutional clients, recently announced the appointment of capital markets veteran, Brian Pomraning, “as its Global Head of Business Development.” In his role, Pomraning will be “responsible for leading Elwood’s global… Read More

April 13, 2022 @ 7:37 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading Open Banking platform, has announced it has launched its “closed-loop” payment product in Ireland, France, Germany, Spain, Lithuania and the Netherlands. As noted in an update shared with CI, traditional payment methods “weren’t built to handle the speed… Read More

April 13, 2022 @ 5:46 am By Omar Faridi  |  

Paymob, MENA region’s virtual payments provider, has announced its formal market entry, and “start of operations, in Pakistan.” Paymob’s expansion into Pakistan follows its steady growth in its home market of Egypt, plus Jordan and other world regions where – combined – it “services tens… Read More

April 13, 2022 @ 1:33 am By Omar Faridi  |  

Splitero, the financial services firm that offers homeowners better options to access home equity, has announced that it has acquired $5.8 million in seed funding, “led by Gemini Ventures.” Additional investors reportedly include Permit Ventures, Fiat Ventures, and others.” As noted in an update shared… Read More

April 12, 2022 @ 9:16 pm By Omar Faridi  |  

Lean, the financial benefits platform designed for the independent workforce, has announced its partnership with Bay Area taxi platform, Flywheel. Via this partnership, Flywheel taxi drivers will have “access to Lean’s financial benefits for its fleet of drivers, including no-fee instant payouts and access to… Read More

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

April 12, 2022 @ 5:17 pm By Omar Faridi  |  

According to a Nasdaq survey of 500 financial advisors who are “currently or considering allocating to crypto,” 72% of advisors would be “more likely to invest client assets in crypto if a spot ETF product were offered in the United States.” Among advisors already investing… Read More

April 12, 2022 @ 7:55 am By Omar Faridi  |  

BNP Paribas Securities Services has reportedly carried out a technical proof of concept  for mutual fund transfers via tech provider fundsonchain‘s settlement platform. The fundsonchain platform supports the complete fund processing by automating it through end-to-end processing of tokenized fund shares, based on distributed ledger… Read More

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

Discover (NYSE: DFS) recently “revitalized” the consumer checking landscape with the introduction of its “benefits-packed” Cashback Debit account with “user-friendly” features, like early access “to paychecks up to two days in advance1 and a mobile-first banking experience.” Discover builds on its Cashback Bonus® rewards and… Read More

April 11, 2022 @ 10:30 pm By Omar Faridi  |  

Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

April 11, 2022 @ 2:59 pm By Omar Faridi  |  

BlueSnap, an international payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments, has introduced its Embedded Payments and Payfac-as-a-Service offering “for software platforms looking to scale their customer base globally.” BlueSnap has been “helping software platforms monetize their payments for… Read More

April 11, 2022 @ 8:21 am By Omar Faridi  |  

Bitstamp, which claims to be the world’s longest running crypto exchange, recently announced its “Bitstamp-as-a-Service,” or BSaaS, a fast, cost-effective, and “hassle-free” way for institutions “to enter the rapidly growing crypto market in the U.S.” The service will provide Fintechs and traditional financial institutions “with… Read More

April 10, 2022 @ 10:41 pm By Omar Faridi  |  

Volt, which claims to be the leading Open payments gateway, has recruited payments veteran Matt Komorowski as its Chief Revenue Officer . Matt joins Volt after nearly a decade with PayPal, where for the past three years he has “been leading the payments giant’s channel… Read More

April 10, 2022 @ 5:29 pm By Omar Faridi  |  

Generali Hong Kong and Hong Kong’s “No.1” virtual bank – ZA Bank recently announced the commencement of their bancassurance partnership. This partnership is “the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with… Read More