Tagged: financial services

December 23, 2023 @ 3:34 am By Omar Faridi  |  

Binance recently revealed that it administered “a survey to better understand their users’ motivations and reasons for using digital assets.” Drawing on a sample of over 1,000 respondents, the Binance survey found “that nearly half (45%) listed earning extra income as their primary use for… Read More

December 22, 2023 @ 3:07 pm By Omar Faridi  |  

WealthKernel, a wealthtech provider of digital investment solutions, announces the launch of US equities trading for new and existing clients. This strategic move positions WealthKernel among “the select group of API-first companies to offer institutional-grade UK and US equities trading at highly competitive prices.” Wealthyhood,… Read More

December 22, 2023 @ 12:33 pm By Omar Faridi  |  

Centi is announcing the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders. Recognized for its proficiency in processing transactions as small as a cent, Centi claims that it  is now poised “for… Read More

December 22, 2023 @ 8:55 am By Omar Faridi  |  

Atomic is pleased to announce its partnership with OneSource Virtual (OSV), a collaboration designed to deliver a simplified and secure direct deposit management solution to millions of American workers. This partnership will enable Atomic “to directly connect with OneSource Virtual customers to provide their employees… Read More

December 22, 2023 @ 6:17 am By Omar Faridi  |  

Leonteq AG (SIX: LEON) has reportedly acquired a 10% stake in the Swiss stock exchange BX Swiss. Leonteq thus becomes a shareholder of BX Swiss and “expands its ecosystem with an important player in the Swiss financial market.” With the acquisition of a 10% stake… Read More

December 22, 2023 @ 4:25 am By Omar Faridi  |  

American Express (NYSE: AXP) announced it is expanding Card Member and Merchant protection by launching SafeKey EMV 3-D Secure 2.3 capabilities. American Express is the first network “to upgrade to SafeKey 2.3, underscoring its commitment to providing a secure checkout experience.” Through SafeKey 2.3, American… Read More

December 21, 2023 @ 5:25 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility “obtained by a fintech company in the MENA region.” In parallel to the securitization financing, Tabby has “extended… Read More

December 21, 2023 @ 12:15 pm By Omar Faridi  |  

iCapital, a global fintech platform enabling access to alternative investments for the wealth management industry, has partnered with investor services group IQ-EQ to establish a new series of French domiciled funds, which will “increase access for individual investors resident in France to global alternative investment… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, which claims to be one of Europe’s largest small business lenders, reveals “that more than two in five (44%) SME owners… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

There is reportedly a strong correlation between a bank’s technology choices and its performance, showing that overall success hinges “on deft use of technology rather than on simply spending more on technology,” according to an update from Bain & Company. Bain & Company analysis finds… Read More

December 21, 2023 @ 9:06 am By Omar Faridi  |  

Uber for Business, Uber’s enterprise arm, announced it has integrated with leading expense management providers Brex and Ramp. The integrations will automate receipt matching “for Uber rides and meals, which rank among the most-expensed items for employees.” This will help companies “of all sizes simplify… Read More

December 21, 2023 @ 8:45 am By Omar Faridi  |  

Thredd, the issuer payments platform, announced that 2023 will deliver the “best” performance in the company’s history. With strong support from investors including Advent International, Viking Capital, Temasek and Mission OG, Thredd expanded its leadership role in “the payment ecosystem, driving client-centric expansion across global… Read More

December 21, 2023 @ 8:06 am By Omar Faridi  |  

Over a quarter (27%) of British small and medium-sized businesses have “admitted to being owed between £5,000 and £20,000 in unpaid invoices” according to research by Payit, NatWest’s open banking payments solution. The impact of late payments has been felt “across the country, with SMEs… Read More

December 21, 2023 @ 5:07 am By Omar Faridi  |  

Virgin Money has announced the launch of a new pension offering, enhancing its digital platform and further extending its partnership with FNZ. The digital investment solution was initially “launched in April 2023, and aimed to make investments more accessible, straightforward and transparent for UK retail… Read More

December 21, 2023 @ 2:25 am By Omar Faridi  |  

Digital bank Revolut is reportedly expecting to make $1.9 billion in revenue for 2023, almost twice the $1 billion it made in the last 12 months. This, according to an update from Bloomberg. The Fintech firm’s monthly revenue has averaged around $158 million during H1… Read More

December 20, 2023 @ 11:37 am By Omar Faridi  |  

Proxymity, the digital investor communications platform, has recently announces the launch of its digital proxy voting service – Proxymity Vote Connect Total (VCT) – to BNY Mellon (NYSE: BK) clients in the UK in time for the 2024 voting season. The launch follows Proxymity and… Read More

December 19, 2023 @ 11:44 pm By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now reportedly has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated… Read More

December 19, 2023 @ 9:28 pm By Omar Faridi  |  

Tamara, the fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom’s “first” homegrown fintech unicorn by securing $340 million in a Series C equity funding round. This investment round was… Read More

December 19, 2023 @ 8:39 pm By Omar Faridi  |  

Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, announced it has been selected as the primary digital asset execution partner of Tradu, an all-new, multi-asset “super app” for active traders that is launching this month… Read More

December 19, 2023 @ 3:22 pm By Omar Faridi  |  

Xero, the global small business platform, today announced it is partnering with Flinks, a key player focused on open banking, to give small businesses in Canada and the United States secure access to more than 20 direct bank connections and high quality transaction data. The… Read More