Tagged: financial services

May 19, 2023 @ 10:12 am By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, has partnered with Tazapay, Singapore-based cross-border payments company to power their cross-border payments for Indian exporters. The partnership allows Tazapay “to settle all cross-border payments directly to Indian exporters’ local bank accounts in Rupees (INR) in one… Read More

May 19, 2023 @ 8:24 am By Omar Faridi  |  

Earnix, the global provider of intelligent, composable, SaaS solutions for insurers and banks,  announced its new office in Texas. Set among industry giants like Toyota and Liberty Mutual, the new facility “affords regional employees and customers – as well as customers and prospects in the… Read More

May 18, 2023 @ 5:21 pm By Omar Faridi  |  

Veriff, a global identity verification provider, today announced that it has partnered with MassPay, a global payout technology company, to provide enhanced identity verification (IDV) services and know your customer (KYC) offerings through its Global Payment Orchestration Platform. With this partnership, Veriff expedites the IDV… Read More

May 17, 2023 @ 10:45 pm By Omar Faridi  |  

Criminals have never had more avenues through which to defraud people, according to an update from ComplyAdvantage. This has been “fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments.” That’s why ComplyAdvantage, a key… Read More

May 17, 2023 @ 10:20 pm By Omar Faridi  |  

River, a Bitcoin technology and financial services startup, announced a $35 million equity round. This series B funding was led by Kingsway Capital. Other contributors to the investment round “included Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures.” River is… Read More

May 17, 2023 @ 10:17 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s largest and trusted digital assets financial services ecosystems, announced a partnership with Copper.co, an institutional digital asset custody provider, “integrating its pioneering off-exchange collateral management and settlement solution, ClearLoop.” This collaboration “enhances Matrixport’s prime brokerage offerings… Read More

May 17, 2023 @ 4:45 pm By Omar Faridi  |  

corfinancial, a provider of specialist software and services to the financial services sector, announces the implementation of its Central Securities Depositories Regulation (CSDR) software, SureVu, at Man Group, a global active investment management firm with $144.7 billion of AUM (as of 31st March 2023). SureVu… Read More

May 17, 2023 @ 11:35 am By Omar Faridi  |  

Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced a partnership with a group of alternative investment firms – Angelo Gordon, ATLAS SP Partners, and Värde Partners – to provide funding for a multi-billion dollar credit… Read More

May 17, 2023 @ 8:24 am By Omar Faridi  |  

LHV Bank, a provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow. LHV Bank’s Manchester-based SME lending team “offers commercial mortgages… Read More

May 17, 2023 @ 8:22 am By Omar Faridi  |  

Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC, a private investment firm based in New York and London. Existing investors participating in the investment… Read More

May 17, 2023 @ 8:20 am By Omar Faridi  |  

Stearns Bank N.A. has partnered with Sardine, a provider of risk management and compliance solutions, to enhance Stearns Bank’s fintech program. This collaboration marks a “first-of-its-kind” approach in community banking “to provide an all-in-one risk management and compliance platform for sponsored programs to address evolving… Read More

May 16, 2023 @ 10:39 pm By Omar Faridi  |  

Tipalti, the global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC). Coming on the heels of a $270 million Series F in 2021 “that brought the company’s total funding… Read More

May 16, 2023 @ 10:09 pm By Omar Faridi  |  

Emirates Islamic, which claims to be one of the leading Islamic financial institutions in the UAE, has launched the new Emarati Absher Business Account designed exclusively “to provide a comprehensive suite of premium banking solutions for Emarati start-ups in the UAE.” The new business banking… Read More

May 16, 2023 @ 10:07 pm By Omar Faridi  |  

Macau Pass has been officially approved to provide acquiring services to Alipay+ market-leading partner e-wallets from the Philippines, Malaysia, and Thailand. This means that in addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets launched by other banks in Macau, Macau Pass payment… Read More

May 16, 2023 @ 10:17 am By Omar Faridi  |  

Nordea has completed the acquisition of the Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals. The acquisition reportedly “strengthens Nordea’s life and pension offering in Sweden and accelerates the bank’s strategic ambitions within savings.” The acquisition of Advinans fits well with… Read More

May 16, 2023 @ 9:40 am By Omar Faridi  |  

The digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers “with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need… Read More

May 15, 2023 @ 11:04 pm By Omar Faridi  |  

P.F.C. (Personal Finance Co.), a Stockholm-based fintech, announced that its customers can now take out personal loans directly in the app, extending the range of financial services it provides on Mambu’s cloud banking platform. Mambu’s rapid deployment capability enabled P.F.C. “to configure the personal loan… Read More

May 15, 2023 @ 7:32 pm By Omar Faridi  |  

Trumid, a financial technology company and fixed income electronic trading platform, announced trade volume and user participation for the month of April. April Highlights shared by Trumid are as follows: Trumid continued to be a trusted source of liquidity in April, with reported average daily… Read More

May 15, 2023 @ 7:18 pm By Omar Faridi  |  

It’s been three years since Capchase was founded. Since their launch on May 11, 2020, the world has “been through a whirlwind of changes—a once-in-a-century pandemic, rising inflation and corresponding interest rates and, most recently, the collapse of some long-standing financial institutions.” All this led… Read More

May 15, 2023 @ 5:33 pm By Omar Faridi  |  

Nilos, a financial platform for businesses operating with crypto-currencies, has launched its new Virtual EU IBANs aimed at companies dealing with crypto in Europe. The move has been made possible by their new partnership with Modulr, a payment and card-issuing platform. The solution allows businesses… Read More