Tagged: financial services

May 15, 2023 @ 12:27 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a payments platform, recently announced the launch of its revamped Skrill digital wallet for online gaming in the Canadian province of Ontario. Developed specifically to meet the payment preferences of iGaming players, the upgraded Skrill wallet allows Ontarians “to instantly fund wagers… Read More

May 14, 2023 @ 8:17 pm By Omar Faridi  |  

Hex Trust, an institutional-grade digital asset custodian licensed across global financial hubs, has partnered with The Sandbox, a decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. Hex Trust has fully “integrated LAND into its… Read More

May 13, 2023 @ 6:07 pm By Omar Faridi  |  

Credit card and financial technology company Petal announced today that it has raised $35 million in new funding and has spun off its B2B-focused data infrastructure and analytics subsidiary, Prism Data. Petal claims that it pioneered “the use of automated cash flow underwriting in consumer… Read More

May 13, 2023 @ 4:07 pm By Omar Faridi  |  

Last year, it was reported that late-stage tech backer Liquidity Group had raised $775M for its Fintech platform from Apollo (private equity) and MUFG (a Japanese bank). Liquidity is “part tech platform and part lender, using its technology to make decisions on deploying debt facilities… Read More

May 13, 2023 @ 2:47 pm By Omar Faridi  |  

Revolut announced its strategy for France over the next few years, including the launch of customer credit products towards the end of May 2023. At a recent press conference held in Paris hosted by Antoine Le Nel, VP of growth at Revolut, Le Nel said… Read More

May 13, 2023 @ 2:39 pm By Omar Faridi  |  

Financial technology, or fintech, companies “integrate digital technology into financial services to build new markets and reach established ones in new ways,” the team at Cross River Bank explains. They drive digital transformation and competition in traditional financial services “by expanding the marketplace and creating… Read More

May 12, 2023 @ 5:17 pm By Omar Faridi  |  

Aspiring homeowners can improve their chances of getting on the housing ladder thanks to Open Banking and “to extra evidence of a borrower’s good financial track record being factored into mortgage checks by a leading lender.” Leeds Building Society has reportedly “become the first UK… Read More

May 12, 2023 @ 5:14 pm By Omar Faridi  |  

Swissquote, which claims to be among Switzerland’s leading online banks, has chosen NetGuardians in order “to enhance fraud mitigation and comply with the AML requirements.” The NetGuardians AI-based financial crime solutions will “monitor all transactions at the bank and on the digital finance app ‘Yuh’,… Read More

May 12, 2023 @ 12:37 pm By Omar Faridi  |  

Neonomics, a Nordic open banking provider, has expanded the launch of their core open banking driven Checkout solution to the Danish market. This payment solution makes it easy for any business “to get started with account-to-account payments through a frictionless front-end user interface, delivering higher… Read More

May 12, 2023 @ 11:45 am By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, announces the addition of Fidelity Investments as its newest buy-side member joining the foundation’s growing community of leading asset managers, hedge funds, and financial services firms. Fidelity’s membership “represents a continued… Read More

May 12, 2023 @ 10:53 am By Omar Faridi  |  

Mia-Platform, an end-to-end platform builder that empowers businesses to smoothly create cloud-native applications, has extended its partnership with London-based RegTech startup, docStribute, in order “to launch a new application for financial services businesses to offer faster, more secure lending.” The service will be “available through… Read More

May 12, 2023 @ 8:35 am By Omar Faridi  |  

The newly released Q1 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) shows that in this current economic climate in which inflation remains at elevated levels and interest rates have risen sharply, consumers “are increasingly turning to credit to manage their household… Read More

May 12, 2023 @ 8:32 am By Omar Faridi  |  

MX, which claims to be an industry leader in Open Finance, announced that Data Access, formerly MXaccess, is now “available for free to financial institutions and data providers.” Data Access enables financial institutions and other data providers “to help consumers connect to all the financial… Read More

May 11, 2023 @ 8:16 pm By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced financial results for the first quarter ended March 31, 2023. Michael Praeger, CEO & Co-Founder of AvidXchange. “We are off to… Read More

May 11, 2023 @ 7:34 pm By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, today announced significant enhancements to its RiskOps Platform, “enabling banks to better protect their customers from a wide variety of financial scams.” These new Feedzai ScamPrevent capabilities “deliver detection, classification, and interception of the widest… Read More

May 11, 2023 @ 1:29 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has signed a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) in order “to collaborate on digital assets, including digital asset custody.” Subject to regulatory approval, Standard Chartered plans “to launch digital asset custody services, starting in DIFC and… Read More

May 11, 2023 @ 7:18 am By Omar Faridi  |  

The key to faster Fintech growth is safe, seamless digital account opening, according to an update from Mastercard (NYSE: MA). Innovations in finance and payments are reportedly “unlocking new experiences for consumers and fintechs alike.” As of 2022, around 78 percent of adults in the U.S…. Read More

May 10, 2023 @ 5:24 pm By Omar Faridi  |  

Temenos open platform, running on Red Hat OpenShift, is now available on IBM Power, LinuxONE and IBM Cloud for Financial Services to enable banks to realize the benefits of hybrid cloud. The partnership aims “to help accelerate banks’ digital transformation programs by providing enhanced security,… Read More

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

Taktile, the automated decisioning platform, announced the launch of its Data Marketplace as part of its mission to revolutionize how fintechs and banks harness data to make decisions. The Taktile Data Marketplace is described as “a one-stop ecosystem of leading data providers that enables customers… Read More

May 10, 2023 @ 12:24 pm By Omar Faridi  |  

Fund Recs announced that CACEIS Bank, Ireland Branch (CACEIS), has selected Fund Recs in order “to introduce further automation to the performance of Position Reconciliations and Daily Cash Flow Monitoring.” The rollout of Fund Recs’ Cash Flow Monitoring Module “within CACEIS has further automated the… Read More