Tagged: financial services

July 1, 2023 @ 11:21 am By Omar Faridi  |  

The team at Nine25 is pleased to announce the ability to purchase Bitcoin via their platform (coming soon). Starting now, Nine25 aims “to establish itself as the most convenient platform for acquiring Bitcoin.” At Nine25, their goal is “to ensure financial independence for everyone.” They… Read More

July 1, 2023 @ 10:20 am By Omar Faridi  |  

OCBC (SGX: O39) has launched a fully digital account opening service for consumers in its key markets who are relocating to Singapore. These individuals from Malaysia, Indonesia, mainland China and Hong Kong SAR will be able to “open Singapore dollar and multi-currency accounts on the… Read More

June 30, 2023 @ 10:47 pm By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, has launched a Robo-advisor in the US. The new feature “manages investment portfolios on behalf of customers to remove the friction from investing with lower fees than traditional companies.” Based on responses from… Read More

June 30, 2023 @ 8:00 am By Omar Faridi  |  

NatWest, which claims to be the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses “switching their main business banking account to NatWest.” The new SME switcher offer from NatWest for businesses “with up to £2m in turnover… Read More

June 30, 2023 @ 7:49 am By Omar Faridi  |  

LHV Bank, a provider of banking services to global fintechs and SME lending solutions to UK businesses, announces the appointment of Rachelle Frewer “as its incoming Chief Financial Officer.” Subject to regulatory approval, Rachelle will “start her position on 2 January 2024 and will also… Read More

June 29, 2023 @ 8:00 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, today announced its strategic partnership with Fintainium, a cutting-edge financial technology company providing innovative and comprehensive payment methods. Through the collaboration, Cross River will “provide a range of payment services, including connection to… Read More

June 29, 2023 @ 6:14 pm By Omar Faridi  |  

Backbase, a global Fintech company and creators of a unified Engagement Banking Platform that improves every aspect of the customer and member experience, announced multiple new hires to its Enterprise team in North America. The addition of these skilled professionals shows Backbase’s dedication “to the… Read More

June 29, 2023 @ 12:24 pm By Omar Faridi  |  

FiVerity, the provider of Anti-Fraud Collaboration solutions, today announced new platform features designed to help the financial industry fight back against fraud. FiVerity also announced it is “opening the network to an initial 200 small and medium-sized financial institutions, providing approved businesses with free access… Read More

June 29, 2023 @ 8:49 am By Omar Faridi  |  

Binance, which claims to be the largest crypto exchange that’s being sued by US regulators for a wide range of issues, has now had its European banking partner Paysafe Payment Solutions (NYSE: PSFE) reveal that it will stop offering its embedded wallet solution to the… Read More

June 28, 2023 @ 5:38 pm By Omar Faridi  |  

Airbase, the software provider that helps companies procure, pay, and close their books with ease, and TravelPerk, the “fastest-growing” global travel management platform, announced an integration that will “enable businesses to seamlessly manage their travel expenditure with less effort.” This partnership “brings together TravelPerk’s vast… Read More

June 28, 2023 @ 2:45 pm By Omar Faridi  |  

Checkout.com, the global payments solution provider, launches Intelligent Acceptance, its latest product to help merchants optimise acceptance rates and grow revenues. Intelligent Acceptance is “an AI-powered optimization engine, trained on billions of transactional data points from Checkout.com‘s global network and insights from the business’ domain… Read More

June 28, 2023 @ 2:22 pm By Omar Faridi  |  

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

June 28, 2023 @ 10:25 am By Omar Faridi  |  

We recently spoke with Raffaele Sadun, CFO of C2FO, a US-based global Fintech platform that’s on a mission to provide every business with equitable, convenient access to working capital. As Sadun explains, working capital isn’t just nice to have — it’s essential for business growth… Read More

June 28, 2023 @ 9:37 am By Omar Faridi  |  

Stock trading app provider Robinhood (NASDAQ:HOOD) has reportedly laid off another 7% of its workforce, around 150 workers. This, according to a recent update from the WSJ. With trading volumes declining considerably over the past year, the Fintech company made the cuts in order to… Read More

June 27, 2023 @ 6:08 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the largest digital financial services platforms in the world, has just surpassed the milestone of three million PJ customers. In the segment for almost four years, the company currently “has the largest number of PJ users with an open bank… Read More

June 27, 2023 @ 9:45 am By Omar Faridi  |  

The final phase of a multi-stage process is now complete, and online savings platform SaveBetter has officially rebranded as Raisin. This change comes as the Berlin-headquartered Fintech platform “streamlines its identity across all markets to capitalize on brand awareness.” Globally, Raisin operates “as a free… Read More

June 26, 2023 @ 3:36 pm By Omar Faridi  |  

The Financial Technology Association (FTA) welcomed Pipe as its newest member. Pipe claims it is “the modern capital platform, built to connect entrepreneurs, and small and mid-size business owners to fast, frictionless, dilution-free financing, helping them scale and operate on their terms.” Penny Lee, President… Read More

June 26, 2023 @ 7:36 am By Omar Faridi  |  

JP Morgan (NYSE: JPM) has started Euro-denominated blockchain-based payments for corporates. As first reported by Bloomberg, JPMorgan processed more than $300 billion since the system went live. JPMorgan Chase & Co. has been able to successfully expand one of the most notable initiatives that aims… Read More

June 25, 2023 @ 7:58 pm By Omar Faridi  |  

Banking-as-a-Service Fintech Bankable has reportedly acquired Arex Markets, giving the combined business entity the capability to effectively embed credit and working capital into the payment channels of major neobanks, multinational/global brands as well as Fintech platforms. Financial terms of the transactions have not been shared… Read More

June 25, 2023 @ 12:46 pm By Omar Faridi  |  

SAP Fioneer, a global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will “enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of… Read More