Tagged: financial services

December 26, 2021 @ 5:05 pm By Omar Faridi  |  

TrueAccord’s Chief Product Officer, Laura Marino, is a civil engineer turned product management executive. As mentioned in a blog post by TrueAccord, Laura has a unique viewpoint or perspective on the evolution of machine learning in software across a variety of industry segments. Laura recently… Read More

December 24, 2021 @ 9:31 am By Omar Faridi  |  

Digital bank Revolut, the provider of a financial Super App with over 18 million customers globally, revealed that it will bring Google Pay to Revolut Junior clients across the United Kingdom and EEA. Revolut says it added support for Google Pay after getting feedback during… Read More

December 24, 2021 @ 9:11 am By Omar Faridi  |  

Local tech startup Bloom has unveiled a new collaboration with Visa (NYSE: V) to provide extra spending rewards for Visa card users residing in Hong Kong. As noted in an update shared with CI, the tie-up should help with accelerating Visa’s journey in connecting with… Read More

December 24, 2021 @ 8:48 am By Omar Faridi  |  

The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More

December 24, 2021 @ 8:41 am By Omar Faridi  |  

Investment platform nr2, which gives firms and investors AI-enhanced insights into South Korea and China’s high-potential startups, has acquired capital for its ongoing expansion. nr2 has reportedly obtained funding from new investors including Lord Rothschild and Sir Simon Robey. The international investment platform will use… Read More

December 23, 2021 @ 11:47 pm By Omar Faridi  |  

The only “free” Open Banking platform, Nordigen, has entered into a partnership with full-service company management tool provider, Enty, in order to offer the latter with banking data that’s delivered right to their dashboard, along with integration with their other solutions. Enty may be described… Read More

December 23, 2021 @ 11:04 pm By Omar Faridi  |  

FNZ, an international wealth management platform, has finalized the sale of financial technology provider GBST to Anchorage Capital Partners, a private equity fund with considerable financial services and systems experience. Anchorage Capital Partners’ investment is primarily focused on GBST’s Wealth Management unit and is dedicated… Read More

December 23, 2021 @ 8:13 am By Omar Faridi  |  

Ibancar, the asset based consumer credit platform, has signed its first institutional debt facility “up to an amount of €10m.” The business is scaling quickly in Spain and intends to expand its activity to Mexico as well as introduce other auto-related credit products, according to… Read More

December 22, 2021 @ 10:30 pm By Omar Faridi  |  

ECI, the managed services and cybersecurity provider for the global financial services industry, announced that Matthew McNulty has joined the firm as Chief Revenue Officer. McNulty reportedly brings over 20 years of professional experience in various sales strategies and execution for cybersecurity, digital transformation, and… Read More

December 22, 2021 @ 9:45 am By Omar Faridi  |  

Established 11 months ago by ex- Revolut professionals including CEO Lasse Kalkar and COO Anita Koimur, and CTO Evan O’Brien, LiveFlow plans to improve the way financial management is performed inside organizations. The team at LiveFlow wrote in a blog post that they are pleased… Read More

December 22, 2021 @ 8:57 am By Omar Faridi  |  

Thomas Bohner, Founder and CEO at Credix, has confirmed that his team has secured $2.5 million in early-stage seed round funding from various investors and builders. Credix’s investment round was reportedly led by DRW Cumberland and ParaFi Capital along with contributions from the Transfero Swiss… Read More

December 21, 2021 @ 4:03 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services technology solutions, has announced that one of the San Francisco Bay Area’s established banks, Community Bank of the Bay, is furthering its digital transformation strategy “with the implementation of real-time payments technology from… Read More

December 21, 2021 @ 11:06 am By Omar Faridi  |  

UnionPay International (UPI) has introduced its SoftPOS (Point-of-Sale) solution for the first time using a payment tech that’s powered by SoftPOS provider, Soft Space. The SoftPOS solution will reportedly be launched in Malaysia and it’s expected to create various market opportunities for UPI to expand… Read More

December 20, 2021 @ 10:47 pm By Omar Faridi  |  

Avant, a financial technology firm that aims to give middle-income consumers access to the credit they “deserve,” has announced the official launch of Avant Banking. The launch of Avant Banking further expands the firm’s financial product portfolio of personal loans, credit cards and auto refinance…. Read More

December 18, 2021 @ 4:23 pm By Omar Faridi  |  

Contrast Security, a company focused on next-gen code security, has announced Backbase, an engagement banking platform, has chosen the Contrast Code Security Platform in order to secure its software that offers banks with “the speed and flexibility needed to orchestrate seamless customer and employee experiences… Read More

December 17, 2021 @ 5:53 pm By Omar Faridi  |  

Synchrony, a consumer financial services firm, has announced a strategic investment in Skipify – a digital payments firm that allows merchants to provide an instant, one-tap checkout solution. In addition to the investment made via Synchrony Ventures, Synchrony will team up with Skipify on “commercializing… Read More

December 17, 2021 @ 1:59 pm By Omar Faridi  |  

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions to combat money laundering, terrorist financing, and other financial crimes, is issuing a request for information (RFI) “seeking comments on ways to… Read More

December 17, 2021 @ 8:02 am By Omar Faridi  |  

MoneyLion Inc. (NYSE: ML), the digital financial platform, has announced that it has agreed to acquire Even Financial Inc., the embedded finance marketplace, in order to “accelerate its mission of providing financial access and advice to hardworking Americans.” The transaction provides for total consideration to… Read More

December 17, 2021 @ 7:31 am By Omar Faridi  |  

AIB, an Irish bank with key positions across various segments, and IBM (NYSE: IBM) have announced a €65 million 3-year agreement designed to help “deliver the bank’s 2023 strategy by accelerating its ongoing digital transformation, meeting its customer-first commitment and providing a clear pathway to… Read More

December 16, 2021 @ 11:46 am By Omar Faridi  |  

JST Capital, an international financial services company specializing in digital assets, has  announced that it has joined the Pyth Network, which claims to be a next-gen Oracle platform designed to offer trusted and verifiable market data to decentralized applications (dApps), and will be offering real-time… Read More