Tagged: financial services

January 29, 2022 @ 1:26 pm By Omar Faridi  |  

NRI, a provider of consulting services and system solutions, began offering the service for net-zero financed emissions commitment. As mentioned in the announcement, the service combines solutions that “analyze financed emissions and consulting services that help financial institutions develop and achieve net-zero portfolios.” In order… Read More

January 29, 2022 @ 12:44 pm By Omar Faridi  |  

Solarisbank AG and Contis Group Ltd have announced that they have brought their previously formed partnership to completion. The firms have decided to enter into a definitive business combination agreement. Six months after the signing of the agreement, the partnership has been approved by regulatory… Read More

January 29, 2022 @ 12:41 pm By Omar Faridi  |  

The sustainable development goal-linked investment app Etcho reports that it has finalized its pre-seed round, by securing £279,000 from angel investors via Crowdcube. Linking to the United Nation’s 17 SDGs, the Fintech app from Etcho enables users to select the goals they are most passionate… Read More

January 28, 2022 @ 6:09 pm By Omar Faridi  |  

IHS Markit (NYSE: INFO), a key player in critical information, analytics and solutions, has announced a partnership with METACO, the provider of security-critical software and infrastructure to Tier 1 banking institutions operating in the crypto-asset ecosystem. As mentioned in an update shared with Crowdfund Insider,… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

January 28, 2022 @ 12:43 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has released its initial remedies consultation for its card-acquiring market review. Each time a consumer carries out a card payment – for instance, when purchasing their weekly groceries – the merchant makes use of card-acquiring services to take the… Read More

January 28, 2022 @ 9:08 am By Omar Faridi  |  

Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

January 27, 2022 @ 7:07 pm By Omar Faridi  |  

Hazel, the independent Fintech launched in partnership with Walmart (NYSE: WMT) and investment company Ribbit Capital, has announced that it has entered into definitive agreements to “acquire fintech platforms Even and ONE, marking the startup’s emergence from stealth mode.” The transactions, which are set to… Read More

January 27, 2022 @ 6:58 pm By Omar Faridi  |  

Zafin, the SaaS Cloud-native product and pricing platform for banking institutions and credit unions, announced that it has acquired FINCAD, a global firm focused on pricing and risk analytics of financial derivatives and fixed income products. By acquiring FINCAD, Zafin expands its product portfolio and… Read More

January 27, 2022 @ 4:15 pm By Omar Faridi  |  

On January 25, 2022, the New York State Senate reportedly voted to confirm Adrienne A. Harris as the Superintendent of the New York State Department of Financial Services (DFS). Adrienne A. Harris stated: “I thank Governor Hochul for my nomination. I thank the New York… Read More

January 27, 2022 @ 8:58 am By Omar Faridi  |  

Criminal investigators at the US Internal Revenue Services (IRS) say that virtual currencies and non-fungible tokens (NFTs) is an industry segment that can be exploited by actors engaging in fraudulent activities. These abusive activities may include actions involving money laundering, market manipulation, and even attempts… Read More

January 27, 2022 @ 8:35 am By Omar Faridi  |  

Tuum, the next-gen core banking platform, has announced a €15 million Series A round. Portage Ventures is leading Tuum’s investment round, along with contributions from existing investors Blackfin Capital Partners and Karma Ventures. As mentioned in the update, the proceeds should enable the core banking… Read More

January 26, 2022 @ 10:57 pm By Omar Faridi  |  

According to a Securities and Futures Commission (SFC) report, Hong Kong’s asset and wealth management sectors registered an increase in AUM of more than 20% YoY, to HKD 34.9 trillion, as of end 2020. As one of the area’s most prominent wealth management hubs, Hong… Read More

January 26, 2022 @ 3:42 pm By Omar Faridi  |  

Pagaya, a tech firm building AI infrastructure for the financial ecosystem, and Visa (NYSE: V), which facilitates over 160 billion payments transactions globally, have announced a strategic relationship that will “enable Visa’s expansive network of merchant partners and issuing co-brand financial institutions to leverage Pagaya’s… Read More

January 26, 2022 @ 8:33 am By Omar Faridi  |  

American Express (NYSE: AXP) Chair and Chief Executive Stephen Squeri seems to have been proven right for his careful approach to introducing digital currency services via the payment company’s platform. In statements shared with Yahoo Finance, Squeri remarked: “What I’ve said from the beginning is… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 26, 2022 @ 2:36 am By Omar Faridi  |  

Around 500,000 new merchants across the MENA region will soon be able to take advantage of seamless and convenient virtual payment acceptance via Network International’s Tap on Phone tech, which enables smartphones to serve as payment terminals. The project represents a key milestone between Mastercard… Read More

January 25, 2022 @ 11:47 pm By Omar Faridi  |  

Baton Systems, the Fintech firm that’s focused on transforming post-trade processing by leveraging distributed ledger technology (DLT), has appointed David Ornstein to serve as the firm’s Chief Operating Officer. Ornstein joins the company at an important time, as industry demand continues to grow steadily for… Read More

January 25, 2022 @ 11:07 pm By Omar Faridi  |  

Elaine Chuah’s conversations with clients are reportedly changing. Increasingly, the first topic is no longer loan products or interest rates – it’s ESG (or environmental, social and governance) issues. “Our clients are initiating conversations on this topic,” says Chuah, a relationship manager with Westpac Institutional… Read More

January 25, 2022 @ 10:57 pm By Omar Faridi  |  

Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of one of the world’s largest Islamic banks in terms of assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has chosen Thought Machine, the Cloud native core banking tech company, in order to power… Read More