Tagged: financial services

September 21, 2021 @ 8:25 pm By Omar Faridi  |  

Axyon AI reveals that it has teamed up with DMALINK as part of its goal to become one of the first “true” AI specialists for financial institutions. The partnership should enable the “first-ever” use of deep learning artificial intelligence to “dynamically manage liquidity, detect market… Read More

September 20, 2021 @ 9:55 pm By Omar Faridi  |  

China’s XTransfer, an established one-stop cross-border financial and risk management solution provider, has secured $138 million in capital via its Series D round. XTransfer‘s investment round was led by D1 Capital Partners, along with existing shareholders also making contributions. XTransfer will be using the funds… Read More

September 20, 2021 @ 8:37 pm By Omar Faridi  |  

A report from national non-profit Commonwealth notes that “powerful” emerging technologies (Emtech) have the “unprecedented” potential to “shape the future of people’s financial lives, often in ways that will be with us for decades or longer.” According to the Commonweatlh report, Emtech like Big Data-powered… Read More

September 16, 2021 @ 10:05 am By Omar Faridi  |  

Domination Finance, a non-custodial, decentralized exchange for dominance pairs, reveals that it has finalized a $3.2 million seed round involving key investors in the blockchain and crypto sector. The initiative’s operational platform enables users to trade Bitcoin Dominance (BTCDOM), Ethereum Dominance (ETHDOM), and Tether Dominance… Read More

September 16, 2021 @ 9:30 am By Omar Faridi  |  

dopay, a B2B2C payments platform that aims to serve 1.7 billion unbanked workers in emerging markets, has finalized an $18 million Series A round. As mentioned in a release, dopay intends to address a steady and growing demand from businesses for cashless payroll and from… Read More

September 16, 2021 @ 8:36 am By Omar Faridi  |  

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.” As noted in a blog post by Banking Circle: “For retail customers, instant payments have come to be expected, but in… Read More

September 16, 2021 @ 7:24 am By Omar Faridi  |  

The team at digital bank Starling asks whether you’ve every agreed to plans for something you “really didn’t want to do.” The UK-based banking challenger also asks whether you’ve “walked down the high street and been unable not buy something from that fast-talking street vendor.”… Read More

September 15, 2021 @ 11:17 am By Omar Faridi  |  

Immigrants have been neglected by traditional banking and financial institutions. Our financial systems and related practices have been developed for a consumer who has been raised in the US or has a considerable amount of financial knowledge. Our systems tend to make many assumptions as… Read More

September 14, 2021 @ 7:31 am By Omar Faridi  |  

MoneeMint, an “ethical” financial services provider has announced the launch of MoneeMint Labs for customers in the UK and Europe. Recently, MoneeMint had acquired funding from private equity firm Ground One Ventures for the “purpose of acquiring a robust and dynamic core banking system to… Read More

September 9, 2021 @ 1:30 pm By Omar Faridi  |  

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

September 8, 2021 @ 11:08 pm By Omar Faridi  |  

Finxact, an established Core as a Service banking provider, reveals that Live Oak Bank, a small business bank, has converted its retail and commercial deposit accounts to the Finxact Core. The conversion serves as an inflection point for the sector with a $8 billion+ banking… Read More

September 6, 2021 @ 11:04 pm By Omar Faridi  |  

Financial Regtech service provider CUBE has entered a new partnership with Sionic, the international consulting company. As first reported by Finextra, CUBE and Sionic plan to ensure regulatory compliance, by leveraging CUBE’s AI-enhanced regulatory data inventory and Sionic’s applied expertise in financial compliance. Financial institutions… Read More

September 6, 2021 @ 10:52 pm By Omar Faridi  |  

Kadence International Indonesia has shared the findings of a new research study, titled Digital Payments and Financial Services Usage and Behavior in Indonesia. The extensive report is reportedly based on an online survey of 1,000 respondents carried out in July of this year in large… Read More

September 5, 2021 @ 11:15 am By Omar Faridi  |  

Rahul Chari, CTO and Co-Founder at PhonePe, one of India’s leading payments app providers, recently confirmed that they’ve onboarded 300 million users after launching operations around 5 years back. Chari writes in a blog post that they launched the PhonePe app on August 28, 2016… Read More

September 4, 2021 @ 6:30 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, reveals that it has introduced “Amwali,” which is an Islamic digital proposition meant for youth between the ages of 8 to 18. Amwali is described as a unique proposition that aims to bring together a suite… Read More

September 2, 2021 @ 8:46 pm By Omar Faridi  |  

We recently connected with Sameep Singhania, Founder and Director at Ginete Technologies and also the founding member at QuickSwap, which is described as a next-generation, layer-2 DEX (or non-custodial or decentralized exchange). Sameep told us that layer-2 blockchain solutions have gained massive popularity in recent… Read More

September 1, 2021 @ 5:20 pm By Omar Faridi  |  

Kava Labs, an open-source and non-custodial developer of financial products and services for decentralized finance (DeFi), reveals that it has launched its latest platform project, Kava Swap. As mentioned in a release, Kava Swap is a cross-chain Autonomous Market Making (AMM) protocol specifically developed to… Read More

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

Sensibill, the customer data platform that “enriches” SKU-level data for the financial services sector, and FreeAgent, a provider of cloud accounting software for SMBs and accountants, will be supporting over 110,000 business clients to “better manage their business expenses.” As mentioned in a release, the… Read More

August 29, 2021 @ 8:16 am By Omar Faridi  |  

Cyberport recently confirmed that the application stage for Phase 2 of the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau (FSTB), had been closed at the end of June 2021. As mentioned in a release, dated August 26, 2021: “Together… Read More

August 28, 2021 @ 9:03 am By Omar Faridi  |  

The National Bank of Canada (TSE: NA) has reportedly invested $103 million in Flinks, including $30 million in growth capital “towards acceleration of the Montreal-based fintech’s expansion activities in North America,” according to a release. As mentioned in the announcement, the investment has been made… Read More