Tagged: financial services

June 12, 2023 @ 12:18 pm By Omar Faridi  |  

Financial institutions (FIs) that “run on a true SaaS platform bounce back from market disruption nearly 2.5x faster than their industry peers,” according to new research from cloud banking platform Mambu. The Turning turbulence into triumph report “examines how personal lenders, SME lenders and neobanks… Read More

June 12, 2023 @ 8:47 am By Omar Faridi  |  

B2B payment solutions provider Hokodo has announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later provider with a payments license. This acquisition is “part of Hokodo’s journey to make better payment options available to… Read More

June 12, 2023 @ 8:44 am By Omar Faridi  |  

AMLYZE, a RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is pleased “to announce its strategic collaboration with Salt Edge, a leading open banking platform.” This commercial partnership “aims to enhance AMLYZE and Salt Edge’s client offering by leveraging both… Read More

June 12, 2023 @ 8:42 am By Omar Faridi  |  

PensionBee, an online pension provider, recently launched its State Pension Age Calculator, designed “to help savers evaluate if they can retire before they’re eligible to receive the State Pension.” The age people can “claim their State Pension has risen significantly since 2010 when the entitlement… Read More

June 12, 2023 @ 6:51 am By Omar Faridi  |  

Mitek (NASDAQ: MITK), whose mission is to make digital access faster and more secure, has named experienced banking veteran Kerry Cantley Vice President of Digital Banking Strategy. Cantley brings “a distinguished 30-year career in the financial services industry to Mitek.” Most recently, she “was Senior… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 11, 2023 @ 6:38 pm By Omar Faridi  |  

nocnoc, the facilitator of cross-border eCommerce between global sellers and Latin America, today announced that it has secured $14 million in Series A funding, “led by PayPal Ventures with participation from Mouro Capital, Quona Capital, Caravela Capital, Broadhaven and Ignia.” The funding from the investment… Read More

June 11, 2023 @ 6:17 pm By Omar Faridi  |  

Just one month after its public launch in Mexico on May 4th, one million people already have Cuenta Nu – which is the local digital account and second financial product of Nu Mexico, Nubank’s (NYSE: NU) subsidiary in the country. The rapid growth of the… Read More

June 10, 2023 @ 5:44 pm By Omar Faridi  |  

Shape Technologies has reportedly introduced its payments-platform-as-a-service (PPaaS) provider, developed to support merchant-facing interfaces. The customizable PPaaS platform offers services for various payments-focused business, such as acquirers, payment facilitators, payment gateways, independent sales organizations as well as other businesses. Shape’s PPaaS’ modular architecture enables its… Read More

June 10, 2023 @ 4:36 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and NAPS, a Moroccan fintech company, have announced a collaboration to develop various payment solutions for individuals as well as business organizations. The new partnership aims to consolidate the solid historical relationship between the two entities. NAPS says it is on a… Read More

June 10, 2023 @ 12:26 pm By Omar Faridi  |  

After 9 years at the company, N26’s Chief Growth Officer, Alexander Weber, will be leaving his role at the end of June “to pursue his own entrepreneurial journey.” Having joined N26 in 2014 as one of its first team members, Alexander has “been an important… Read More

June 10, 2023 @ 12:25 pm By Omar Faridi  |  

Maybank recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app. Similarly, incoming tourists from these countries “will also be able to make cashless payments… Read More

June 9, 2023 @ 3:13 pm By Omar Faridi  |  

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

June 8, 2023 @ 11:32 pm By Omar Faridi  |  

C6 Bank announces that its new carbon footprint product which launched last month running on Thought Machine’s cloud-native core banking technology, Vault Core, has offset more than 900 tonnes of carbon. ‍The carbon footprint offering, “built at record speed in under six months, makes C6… Read More

June 8, 2023 @ 5:20 pm By Omar Faridi  |  

AP+ reportedly says that it welcomes the Australian Federal Government’s Strategic Plan for Payments System. Australian Payments Plus (AP+) confirms that it “supports the Government’s Strategic Plan for the Australian Payments System.” According to an update shared with CI, the plan is critical “for driving… Read More

June 8, 2023 @ 11:35 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More

June 8, 2023 @ 8:39 am By Omar Faridi  |  

At a time when the EUR/USD pair has never been so sensitive to market fluctuations, iBanFirst is now offering its clients “the possibility of opening local accounts in USD to facilitate the transfer of flows from European SMEs to the US.” It can be particularly… Read More

June 7, 2023 @ 3:58 pm By Omar Faridi  |  

The age of embedded finance and digital financial services has reached an inflection point, “with new payments and shopping solutions now commonplace in the US alongside legacy systems,” according to a new survey from Marqeta (NASDAQ: MQ), the global modern card issuing platform. The company’s… Read More

June 7, 2023 @ 8:52 am By Omar Faridi  |  

Sella is launching the “Artificial Intelligence Business Incubator”, which is described as the the initiative aimed at startups, researchers, entrepreneurial teams, university spin-offs and companies “with projects based on AI technologies in the financial services sector.” “Artificial Intelligence Business Incubator” is currently underway, the international… Read More

June 7, 2023 @ 5:11 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) has reportedly appointed Theo Michalopoulos as General Manager, Financial Services for the United Kingdom. In his role, Theo will be responsible for leading “the Financial Services industry for the UK across banking, capital markets and insurance.” Theo will be joining the Microsoft… Read More