Tagged: financial services

October 31, 2021 @ 8:54 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the way people work — and earn money — is quite different than it was in the past. However, income verification solutions haven’t been able to catch up with the latest developments, the Fintech firm claims. As… Read More

October 30, 2021 @ 4:25 pm By Omar Faridi  |  

American Express (NYSE: AXP) has introduced its Business Checking account intended for SMEs operating in the US. This all-digital Business Checking account aims to provide a secure, high-yield, and low fee virtual banking experience with a competitive APY of 1.1% on balances of up to… Read More

October 30, 2021 @ 4:19 pm By Omar Faridi  |  

We recently connected with Nick Agar, Founder of AXIA, the organization that is focused on creating a digital ecosystem around the world’s “first” hyper-deflationary virtual currency, called AXIA Coin (AXC). The digital currency‘s developers note that AXIA presents a “unique” economic system, with its breakthrough… Read More

October 28, 2021 @ 8:36 am By Omar Faridi  |  

Zolve, a neobank enabling international access to financial services, has announced the closing of $40 million in Series A funding. Zolve‘s investment round has been led by Partners of DST Global, who have previously led rounds in Fintech firms like Robinhood, Nubank, Chime, Revolut, and… Read More

October 28, 2021 @ 8:31 am By Omar Faridi  |  

Accenture (NYSE: ACN) has reportedly acquired BCS Consulting, a UK-based management consultancy that provides complex business change for financial services companies. With head offices in London, BCS Consulting’s 250 strong team joins Accenture’s U.K. Financial Services Strategy and Consulting practice, the announcement noted while adding… Read More

October 27, 2021 @ 8:01 am By Omar Faridi  |  

Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

October 27, 2021 @ 7:58 am By Omar Faridi  |  

BBVA and 500 Global have entered an agreement for 500 Global to implement an Intelligence Platform that would support BBVA’s ability to “identify new startups, technologies and emerging trends with the potential to impact the future of the most innovative industries, and by extension, the… Read More

October 25, 2021 @ 11:43 pm By Omar Faridi  |  

11:FS Foundry recently teamed up with Google Cloud, in order to create an end-to-end or comprehensive solution for businesses implementing new financial services use-cases. Through the partnership, Google Cloud customers will be able to access a clear solution for embedding finance into their products, while… Read More

October 25, 2021 @ 9:46 pm By Omar Faridi  |  

Fintech Galaxy, the UAE-headquartered open innovation platform, has acquired $2 million in seed funding in order to further enhance the development and rollout of its Open Finance platform, as it looks to further expand its reach and support financial inclusion across the MENA region. Fintech… Read More

October 24, 2021 @ 7:47 pm By Omar Faridi  |  

Transact Payments Limited, a provider of European BIN sponsorship and modular payment, debit, credit and prepaid services, reveals that it has experienced 380% growth in settlement volumes (EUR €) “from 2017/18 to 2020/21 across its expanding client base.” As mentioned in an update shared with… Read More

October 23, 2021 @ 9:37 am By Omar Faridi  |  

Over 70 financial institutions have reportedly worked with Valk‘s digital transaction and tokenization platform this year. Private market digital platform VALK says that it is “building for expansion after achieving over $4 billion in assets and deals managed on its platform in a year” as… Read More

October 22, 2021 @ 9:18 am By Omar Faridi  |  

Payment solutions provider Mastercard (NYSE: MA) has entered into a partnership agreement with Demica in order to introduce a supply chain finance capability within Track Business Payment Service (Track BPS). This should enable improved access to “flexible working capital for buyers and suppliers.” As mentioned… Read More

October 22, 2021 @ 9:11 am By Omar Faridi  |  

Multiverse Computing, the quantum computing startup that’s focused on finance, has finalized a €10 million (appr. $11.55 million) seed round. Multiverse Computing created its main product Singularity® for firms operating in the financial industry and looking for a competitive advantage by leveraging quantum computing solutions…. Read More

October 22, 2021 @ 7:14 am By Omar Faridi  |  

Bond Financial Technologies, Inc., the enterprise-grade platform for embedded finance, announces the availability of its new product, Bond Embedded Credit. Clients are able to build and deploy personalized credit products via a single integration, including underwriting, risk management, servicing, and compliance. Embedded Credit, along with… Read More

October 21, 2021 @ 8:34 am By Omar Faridi  |  

Updraft, the financial app provider, has confirmed its largest investment round, securing  £72 million in equity and debt, in order to support its expansion and assist more UK consumers on a  path to attaining financial independence. The investment round has been led by NatWest, which… Read More

October 20, 2021 @ 4:21 pm By Omar Faridi  |  

Glia, a provider of Digital Customer Service, has announced that Liberty Bank has chosen its Digital Customer Service platform. By leveraging Glia’s platform, the bank will be able to digitize its customer service model, “resulting in an easier, more streamlined customer experience as well as… Read More

October 20, 2021 @ 11:45 am By Omar Faridi  |  

Constellation Digital Partners have introduced a digital service for Farmers Insurance Federal Credit Union (FIGFCU) on the Constellation platform. This launch reportedly includes support for member enrollment and authentication, with Android and iOS application support. The digital service FIGFCU comes with a location finder from… Read More

October 19, 2021 @ 10:07 pm By Omar Faridi  |  

Asia Digital Bank Ltd. (Labuan Investment Bank), the first recipient of the Digital Banking license issued by Labuan Financial Services Authority in Malaysia and an international digital asset operator, announced a partnership with Bianjie, which is IRISnet’s Core team, and a Cosmos Core Contributor since… Read More

October 19, 2021 @ 9:47 pm By Omar Faridi  |  

TietoEVRY is announcing its new strategy to promote better customer value and growth via specialization. The technology industry is being transformed with the Cloud as the foundation, offering expansion opportunities for the firm. Expansion will mainly focus on Cloud-native services, data & software engineering and… Read More

October 19, 2021 @ 11:47 am By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech solutions, announced that it has entered an agreement to acquire BentoBox, a digital marketing and commerce platform provider that offers a seamless diner experience “dedicated to accelerating growth and helping restaurants seamlessly… Read More