Tagged: financial services

September 8, 2023 @ 4:43 pm By Omar Faridi  |  

TaxBit, the end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine “to empower businesses dealing with cryptocurrencies to streamline their accounting processes.” As the global cryptocurrency market surpasses a market capitalization of over $1 trillion, businesses “face mounting challenges… Read More

September 8, 2023 @ 4:38 pm By Omar Faridi  |  

Inpay, which claims to be one of Europe’s fastest-growing fintech companies, and Cambodia Post Bank Plc. (CPBank), one of Cambodia’s commercial banks, have “entered into a partnership to introduce international money transfer services in Cambodia.” Through the partnership, CPBank’s customers in Cambodia and abroad “will… Read More

September 8, 2023 @ 4:29 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced the launch of BankifySM, an open banking payments solution that helps organizations “receive consumer payments from bank accounts, with a seamless user experience and that offers guaranteed funds for business receivables.” Bankify couples BNY Mellon‘s transaction payments expertise “with Trustly’s… Read More

September 8, 2023 @ 12:19 pm By Omar Faridi  |  

Berlin-based fintech Upvest is set to provide Plum, the smart money app, with its investment API, enabling Plum to expand its range of investment opportunities to EU customers. Plum currently offers 3,000 US stocks to EU customers. Following this partnership, Plum will have the functionality… Read More

September 8, 2023 @ 10:50 am By Omar Faridi  |  

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

September 7, 2023 @ 10:55 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Fintech Saudi have announced the signing of a memorandum of understanding during Seamless Saudi Arabia 2023 “to advance the growth and development of the Saudi Arabia fintech industry.” The announcement marks another step “towards powering an inclusive digital economy and advancing… Read More

September 7, 2023 @ 10:25 pm By Omar Faridi  |  

Finastra announced that LaserPro, its loan document preparation system used by more than 2,500 financial institutions, is now available in the cloud. This strategic launch of LaserPro in the cloud streamlines loan document compliance management capabilities “for financial institutions with a Software as a Service… Read More

September 7, 2023 @ 10:19 pm By Omar Faridi  |  

Nu Mexico announces the launch of its new product: personal loans. Like all Nu products, the launch will follow “a phased rollout process, starting in the coming days with a group of employees who will begin testing the product, to then expand the offering to… Read More

September 7, 2023 @ 10:16 pm By Omar Faridi  |  

The Fundrise Innovation Fund has invested $2 million into Jetty, a financial services platform for the rental real estate industry. Rental housing represents roughly 12% of US GDP, “making it the largest addressable market by several measures.” Yet, it has historically “been overlooked in spite… Read More

September 7, 2023 @ 11:42 am By Omar Faridi  |  

As part of its ongoing initiatives aimed to positively impact the environment at a global level, branded payments provider Blackhawk Network (BHN) says that it is working alongside Visa (NYSE: V) in order to transition its network branded prepaid products “distributed by third party retail… Read More

September 7, 2023 @ 7:50 am By Omar Faridi  |  

Funding Circle (LSE: FCH) has recently published its HY 2023 results, “covering the six months ended 30 June 2023.” The business delivered a solid financial performance in line “with expectations and the guidance it set in March for FY2023 and FY2025 remains unchanged.” Here are… Read More

September 6, 2023 @ 10:37 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced the launch of “Airwallex for Startups”, a business readiness campaign “exclusively for Hong Kong entrepreneurs to support their global growth ambitions.” With the support of Hong Kong flagship incubators, and in collaboration with… Read More

September 6, 2023 @ 9:35 pm By Omar Faridi  |  

Uldis Tēraudkalns, CEO of Nexpay, a fintech scale-up providing business banking solutions for digital companies, recently shared his views and insights with CI. Licensed by the Bank of Lithuania and operating across Europe, Nexpay reportedly processes over €2.5 billion annually and has helped over 600… Read More

September 6, 2023 @ 1:27 pm By Omar Faridi  |  

Metro Bank has created dedicated online hubs both to support brokers who may be “working with a vulnerable client, and customers going through a period of vulnerability themselves.” The Bank has launched “a dedicated Vulnerable Customer page on its intermediary website to help brokers understand… Read More

September 6, 2023 @ 9:30 am By Omar Faridi  |  

Financial-sector assessments are gauging the effects of elevated borrowing costs, and the prospect that central banks “may keep policy rates higher for longer than investors expect,” according to an update shared by the International Monetary Fund (IMF). Tobias Adrian, Hiroko Oura from the IMF have… Read More

September 6, 2023 @ 9:27 am By Omar Faridi  |  

GenTwo, a Swiss-based B2B Fintech platform specialized in securitization of bankable and non-bankable assets, announced that it has raised a USD 15 million Series A led by US-based Point72 Ventures. In conjunction with the investment round, Pete Casella, Senior Partner and Co-Head of Fintech investments… Read More

September 5, 2023 @ 11:51 am By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs has announced the launch of Mini, a revolutionary QR and Card acceptance device. Expected to be available at nearly one-third of the cost of a regular Point of Sale (PoS) terminal, Pine Labs Mini is described as “an ideal… Read More

September 5, 2023 @ 11:42 am By Omar Faridi  |  

Westpac has shared new scam prevention measures for its clients. Westpac recently announced new digital payment security features “to help combat scam losses.” In an Australian banking “first,” Westpac will “integrate its sophisticated fraud detection systems with its digital payment platforms to help customers identify… Read More

September 5, 2023 @ 9:11 am By Omar Faridi  |  

Banking Circle, the Payments Bank for the new economy, is strengthening its presence in Spain “with membership of the Spanish Association of Fintech & Insurtech (AEFI).” A modern correspondent bank committed to building a local clearing network for all major currencies, Banking Circle says that… Read More

September 4, 2023 @ 11:45 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking for the global financial services industry, announced financial results for the second quarter of fiscal year 2024, ended July 31, 2023. Pierre Naudé, Chairman and CEO of nCino, said: “We are very… Read More