Tagged: financial services

August 6, 2023 @ 2:34 pm By Omar Faridi  |  

The researchers at Coin Metrics have shared an update, titled, “Decoding the Digital Dollar: Unraveling the Risks of Stablecoins.” Lucas Nuzzi and Kyle Waters from Coin Metrics have noted that earlier this month, the U.S. House Committee on Financial Services convened “to discuss proposed legislation,… Read More

August 6, 2023 @ 2:17 pm By Omar Faridi  |  

MX Technologies, Inc., which claims to be a leader in Open Finance, today released its latest consumer research, which unveiled that more than half of U.S. consumers “have either opened a new account (23%) or considered switching to a new bank (28%) in the past… Read More

August 6, 2023 @ 12:52 pm By Omar Faridi  |  

Delivering on their growth potential, the London Stock Exchange Group (LSEG) reports strong H1 performance with 2023 revenue growth “expected to be towards the upper end of 6-8% guidance.” David Schwimmer, CEO at LSEG, said: “LSEG delivered strong, broad-based growth in the first half. Data… Read More

August 6, 2023 @ 12:11 pm By Omar Faridi  |  

Skipify, a Fintech company redefining the checkout experience, has teamed up with American Express (NYSE: AXP) in order “to connect Amex U.S. Consumer Members’ Cards seamlessly into checkout.” Skipify’s technology, launching exclusively with American Express, identifies select Amex customers via their email address, “enabling them… Read More

August 6, 2023 @ 9:17 am By Omar Faridi  |  

Settle, the cash-flow management platform, recently announced a new purchasing suite designed specifically for founders of e-commerce businesses. Purpose-built to streamline the challenge of purchasing and procurement, the new Settle Purchasing suite of tools “automates back-office tasks like bill pay, purchase order creation, auditing, reporting… Read More

August 5, 2023 @ 2:02 pm By Omar Faridi  |  

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

August 5, 2023 @ 1:59 pm By Omar Faridi  |  

UK-based digital bank Revolut will reportedly stop US clients from accessing cryptocurrencies. This, according to an official statement from the firm that was issued on Friday (August 4, 2023). Revolut has cited the current US regulatory environment and the overall crypto market uncertainty as the… Read More

August 4, 2023 @ 11:57 pm By Omar Faridi  |  

flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, and Tabby, the MENA region’s shopping and financial services app, have announced a partnership “to provide travelers with flexible payment solutions, allowing flynas’ customers to pay for their… Read More

August 4, 2023 @ 12:04 pm By Omar Faridi  |  

GTreasury, a treasury, payments, and risk management software provider, and Convera, the largest non-bank global B2B payments provider, announced a partnership to offer an integrated payments service on GTreasury’s treasury management system (TMS) software. A key player focused on streamlining B2B cross-border payments, Convera is… Read More

August 4, 2023 @ 9:17 am By Omar Faridi  |  

Pockit – the financial super app for low-income and underserved communities – has raised $10 million in a growth round “led by Puma Private Equity, with participation from The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional… Read More

August 4, 2023 @ 6:00 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, and quantify data for more… Read More

August 4, 2023 @ 5:01 am By Omar Faridi  |  

iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, unveiled iCapital Architect, an innovative portfolio construction tool that empowers financial advisors “to build robust, personalized client portfolios incorporating alternatives and structured investments.” Advisors can use Architect – which “combines… Read More

August 3, 2023 @ 9:31 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) and B2B fintech Tradeshift have announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps. As part of this agreement, HSBC will reportedly “make a $35 million investment into Tradeshift in… Read More

August 3, 2023 @ 9:28 pm By Omar Faridi  |  

Brex, which claims to be the first fully unified global spend platform, launched Brex payables — an AI-enabled Accounts Payable (AP) solution, “combining enhanced bill pay capabilities and purchase cards.” Brex payables offers the controls “required by an AP team to manage procurement spend seamlessly… Read More

August 3, 2023 @ 9:27 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, announced its continued momentum in Canada. Since launching in the market in February 2022 less than 18 months ago, Klarna claims it has achieved “a rapidly expanding network of over 640,000 active consumers; processed over… Read More

August 3, 2023 @ 9:25 pm By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, has published its 2022 audit, “showing US$82M in net revenue which grew 2.7x YoY and ended at more than $100M net revenue run rate.” Nium says it is Singapore’s first global Fintech “focused on… Read More

August 3, 2023 @ 4:22 pm By Omar Faridi  |  

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the launch of fractional shares trading for Canadian stocks and ETFs. Clients of Interactive Brokers can now buy and sell fractional shares of “all stocks and ETFs listed on the Toronto Stock Exchange and on… Read More

August 3, 2023 @ 3:28 pm By Omar Faridi  |  

CaixaBank Group posted an attributable net profit of €2.14 billion during “the first half of 2023, up 35.8% compared to the same period of the previous year (€1.57 billion).” CaixaBank CEO, Gonzalo Gortazar, emphasized the strong performance of CaixaBank during the first half of the… Read More

August 3, 2023 @ 7:45 am By Omar Faridi  |  

Stavvy, the Fintech company reshaping digital and remote collaboration for lending and real estate, announced its strategic acquisition of Brace, a servicing technology company addressing the long-standing inefficiencies and lack of transparency stemming from outdated technologies in mortgage servicing. Through this strategic acquisition, the collective… Read More

August 2, 2023 @ 10:32 pm By Omar Faridi  |  

C2FO, which claims to be one of the world’s on-demand working capital platforms, recently announced that on July 21, it “passed the $300 billion mark in total funding to its customers.” This record funding amount “reflects invoices paid an average of 31 days early via… Read More