Tagged: financial services

November 10, 2020 @ 10:11 pm By Omar Faridi  |  

UAE-based BankOnUS, a major financial services aggregator, has introduced an AI-powered app that aims to offer reliable and cost-effective financial solutions. The app allows users to access several different financial products and services from one wallet or interface. As mentioned on BankOnUs’ official website, the… Read More

November 10, 2020 @ 7:02 am By Omar Faridi  |  

UK Chancellor Rishi Sunak updated the House (on November 9, 2020) regarding ongoing plans for the country’s financial services industry, which is one of the “most productive and innovative sectors.” Sunak believes that financial services will be essential to the UK’s economic recovery from the… Read More

November 9, 2020 @ 10:17 pm By Omar Faridi  |  

Australia-based Fintech firm Finspo, which offers an aggregated view of the cost of banking services used by consumers, has reportedly decided to branch out into the mortgage broking business. Finspo’s management has confirmed that they’ll introduce a mortgage broking capability as part of the company’s… Read More

November 4, 2020 @ 10:17 pm By Omar Faridi  |  

New Zealand’s Financial Markets Authority (FMA) has hired two specialists who are focused on helping the regulator with managing and overseeing Fintech and environmental, social and corporate governance (ESG) projects. Binu Paul, a Fintech entrepreneur, will be serving as Specialist Lead, Fintech. He’ll be reporting… Read More

November 3, 2020 @ 7:12 am By Omar Faridi  |  

Signicat, the trusted digital identity firm, has shared new research which reveals that 63% of European consumers have abandoned financial applications during the past year. Signicat’s survey was carried out in May and June 2020 which was during the Europe-wide COVID-19 lockdowns or restrictions. The… Read More

November 1, 2020 @ 8:39 pm By Omar Faridi  |  

Digital Banking Maturity (DBM) is a global accelerator that assists banking institutions with responding to change. Digital Banking Maturity is the largest global digital banking study, offering an extensive “outside-in ’mystery shopper’ assessment of retail banks’ digital channels and furthering discussion about future developments,” according… Read More

October 28, 2020 @ 5:53 pm By Omar Faridi  |  

ClickSwitch, a U.S. fintech that claims it simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, recently acquired $2 million through its Series B investment round led by USAA subsidiary. The investment round brings ClickSwitch’s… Read More

October 28, 2020 @ 7:53 am By Omar Faridi  |  

Jose Luis Elechiguerra, Head of Client Solutions at BBVA US (NYSE:BBVA), which is originally a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, suggests that banks should “lean on a digital footprint as much as a… Read More

October 25, 2020 @ 5:02 pm By Omar Faridi  |  

The COVID-19 pandemic has accelerated the shift to digital with financial services, according to a recent report from TransUnion (NYSE:TRU), a financial services data platform and credit report provider. The report notes that the Coronavirus outbreak sent “shockwaves” through the financial services sector and has… Read More

October 23, 2020 @ 6:39 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971. Friedman notes: “From day one,… Read More

October 18, 2020 @ 5:05 pm By Omar Faridi  |  

David Jimenez Maireles, Customer Experience Officer at TNEX, a Vietnam based digital bank, claims that despite the skeptics, banks have been “no laggard when it comes to cloud adoption.” Banks have been migrating incrementally, and today “the average bank has 58% of its workloads in… Read More

October 15, 2020 @ 3:42 pm By Omar Faridi  |  

LexisNexis Risk Solutions has published its latest research report, titled Risk Solutions 2020: True Cost of Fraud Study: Financial Services & Lending (for the US and Canadian financial services and lending sectors). The research report covers the different types of fraudulent activities in the lending… Read More

October 11, 2020 @ 6:30 pm By Omar Faridi  |  

Mendix, a Siemens business and a major low-code application development platform for large enterprises, has formed a strategic alliance with Deloitte Canada, a member company of one of the largest professional services firms, in order to use the Mendix low-code software development solution “on behalf… Read More

October 9, 2020 @ 12:00 pm By Omar Faridi  |  

We recently connected with Michael Rennie, a U.K.-based product manager for Mendix, a Siemens business and the global leader in enterprise low-code. Mendix pioneered the low-code product category 15 years ago. The low-code approach addresses the coder crunch, the growing demand for software applications, and… Read More

October 5, 2020 @ 9:32 am By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Monday it has reconstructed its Board of Directors, following its listing and trading commencement on Nasdaq. According to Diginex, the new Board of Directors meets the required standards of corporate governance for a Nasdaq-listed company… Read More

October 2, 2020 @ 3:27 pm By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Thursday it has listed and began trading on Nasdaq. Diginex reported that it will trade on Nasdaq under the ticker symbol “EQOS,” where it will offer investors the opportunity to participate in the growth of… Read More

October 1, 2020 @ 8:22 am By Samantha Hurst  |  

Step, a U.S.-based fintech startup built for teens and families, announced on Wednesday its official launch, offering a free FDIC insured bank account and Visa card. Step explained that through its app, it offers an all-in-one banking solution with a new type of personalized card… Read More

September 28, 2020 @ 10:46 am By Samantha Hurst  |  

Santander Bank recently announced it has signed a deal with Correos to provide services in Spain. The agreement will allow the banking group to provide services at a total of 4,675 Correos offices from the first quarter of 2021, with Santander’s basic financial services reaching… Read More

September 3, 2020 @ 2:58 pm By Samantha Hurst  |  

Cachet, the financial services marketplace for online platform workers, announced on Thursday it secured €1.1 million through its seed funding round, which was led by Icebreaker.vc with participation from previous pre-seed stage investors like Techstars (in a follow-on investment), Barclays and Lemonade Stand as well… Read More

August 28, 2020 @ 5:40 pm By Omar Faridi  |  

Peer to peer (P2P) lending platforms in the UK received significantly fewer complaints during Q1 2020, according to the Financial Ombudsman. As explained on its official website, the Financial Ombudsman Service (FSO) is “a free and easy to use service that [aims to] settle complaints… Read More