Tagged: financial services

January 3, 2022 @ 4:16 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, has shared a report that introduces their proprietary Investor Sentiment IndexSM. As explained by Addepar, the index measures or gauges investor sentiment using “detailed portfolio-level data” from the firm’s Wealthtech platform. The… Read More

January 3, 2022 @ 1:46 pm By Omar Faridi  |  

Fintech firm Greenlight reveals that in 2021, their clients may have learned “lifelong money lessons.” Greenlight reports $1.07 billion managed in 2021. According to the firm, this is a significant  milestone in their Greenlight story — “and yours.” The company wrote in a blog post… Read More

January 3, 2022 @ 9:45 am By Omar Faridi  |  

The team at Mambu, a modern SaaS banking platform, says that it has been a solid year for them. It began with the announcement of their €110 million round of funding that was led by TCV, whose investments reportedly include Netflix and Spotify, and ended… Read More

January 2, 2022 @ 1:01 pm By Omar Faridi  |  

The team at London-based Fintech LiveFlow is pleased to share that they have launched a new feature which they think you’ll really love: “Drill down into your reports.” As explained in a blog post by LiveFlow, this feature allows clients to “drill into [their] financial… Read More

January 2, 2022 @ 5:37 am By Omar Faridi  |  

The team at WorldRemit, a UK-based digital cross-border payments firm, has shared ways to send money to people who don’t have a bank account. WorldRemit writes in a blog post that for many of us, having a bank account is “an everyday thing.” And yet,… Read More

December 31, 2021 @ 2:53 pm By Omar Faridi  |  

Another year is winding down and the team at Mercury Bank has reflected on some of their “favorite” moments of 2021. Mercury Bank say they’re grateful to have had their clients with them along the way. During 2021, Mercury finalized a $120 million Series B… Read More

December 30, 2021 @ 3:11 pm By Omar Faridi  |  

Ruben Salazar Genovez, Global Head of Visa Direct, notes that when he was growing up in El Salvador during the 1980s, people living in “extreme” poverty were defined as those “who spend their daily purchasing power on food and still go to sleep hungry.” Now,… Read More

December 30, 2021 @ 11:10 am By Omar Faridi  |  

Earlier this month, the team at digital bank Zopa made an important update regarding the future of their peer-to-peer business. After 16 years of handling P2P investments at Zopa, the team has taken the decision to close down their retail investing business (something similar to… Read More

December 30, 2021 @ 8:52 am By Omar Faridi  |  

On 21 December 2021, a special administration order was reportedly made by the Court in relation to Viola Money “under the Payment and Electronic Money Institution Insolvency Regulations 2021.” The Viola Money website explains its service as follows: Since 2012, we have been providing simple,… Read More

December 29, 2021 @ 9:28 pm By Omar Faridi  |  

Team8, an Israeli venture group, recently revealed that it is extending its existing relationship with Deloitte to support the development of various technologies for financial services. Deloitte and Team8 will aim to lower the common risks associated with startups via early engagement with clients. As… Read More

December 29, 2021 @ 3:27 pm By Omar Faridi  |  

At workforce payments platform Branch, the firm claims that they love partnerships, especially with companies that share “a commitment to financial inclusion.” That’s why they’re really pleased to confirm that they’re working with HR, payroll, and compliance software Greenshades to offer fee-free financial services to… Read More

December 29, 2021 @ 10:56 am By Omar Faridi  |  

Nicholas Harding, Co-founder and CEO at Lending Works, noted that he established the firm with help from Matthew Powell,  Co-founder and CFO, back in 2014. Harding explains that they believed that technology could “transform customer experience in financial services.” Their aim was to “deliver this… Read More

December 28, 2021 @ 4:25 am By Omar Faridi  |  

UK’s digital banking platform Starling Bank has provided some end-of-year updates. As we look ahead to 2022, Starling Bank notes that diversity is at “the heart” of their company. They believe that “regardless of who you are, it is your knowledge, skills and experience that matter.”… Read More

December 27, 2021 @ 11:27 pm By Omar Faridi  |  

Mr Leong Sing Chiong, Deputy MD at the Monetary Authority of Singapore (MAS), noted (during the annual IBF Distinction Evening program) that every year, the financial services industry gathers to “recognize those who have reached the pinnacle of their professions, and those who have contributed significantly… Read More

December 27, 2021 @ 2:17 am By Omar Faridi  |  

Bank Indonesia has introduced the Bank Indonesia Fast Payment (BI-FAST) system virtually, entitled “Payment System Digital Transformation to Accelerate National Economic Recovery.” BI-FAST is described as a payment system infrastructure offered by Bank Indonesia and accessible via applications offered by the payment system industry “to… Read More

December 26, 2021 @ 11:25 pm By Omar Faridi  |  

Investree reveals that it has strengthened its commitment to support the development of SMEs across the Philippines by working cooperatively with Netbank, a banking as a service platform in the Southeast Asian country that offers “low-cost and high-quality banking services.” Via the collaboration, Netbank allocated… Read More

December 26, 2021 @ 11:19 pm By Omar Faridi  |  

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, welcomes the fact the UK’s Financial Conduct Authority (FCA) has “recognized current levels of Financial Services Compensation Scheme (FSCS) funding are unsustainable and is committed to reform. But current… Read More

December 26, 2021 @ 10:17 pm By Omar Faridi  |  

US Fintech firm Chime recently revealed that they are introducing free cash deposits at Walgreens. Chime has teamed up with Walgreens (Nasdaq: WBA) to provide free cash deposits at 8,500+ locations. That’s “more walk-in locations than you’d have using any bank in the US.,” the… Read More

December 26, 2021 @ 9:08 pm By Omar Faridi  |  

Fnality, the financial technology company establishing a network of distributed financial market infrastructures using blockchain or distributed ledger tech (DLT), revealed it will be able to lower banks’ intraday liquidity requirements “by up to 70%, reducing funding costs and payment delays.” The findings come ahead… Read More

December 26, 2021 @ 5:47 pm By Omar Faridi  |  

In order to ensure the safety and security of the payment system, the Reserve Bank of India (RBI) has expanded the tokenization facility from an earlier version/framework to Card on File Tokenization (COFT). Virtual payments Fintech Paytm has now introduced a tokenization solution for online… Read More