Tagged: financial services

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

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