Tagged: financial services

May 2, 2023 @ 11:40 pm By Omar Faridi  |  

Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), and Amazon (NASDAQ:AMZN) recently announced new benefits and features on the Amazon Visa card portfolio, “providing cardmembers with increased opportunity to earn cash back on purchases made with their card… Read More

May 2, 2023 @ 11:25 pm By Omar Faridi  |  

Astor Investment Management and FLX Networks announced their expanded relationship, “signaling further adoption of new, innovative, and efficient models by asset management firms as the industry undergoes significant changes.” Under this expanded partnership, FLX will now “represent Astor as its full-service front-office distribution partner, handling… Read More

May 2, 2023 @ 4:47 pm By Omar Faridi  |  

Modern payments platform, Dwolla, announced 45% growth of their Partner Ecosystem in Q1 of 2023. As part of this growth, data aggregator Flinks “joined other partners in Dwolla‘s Secure Exchange solution to offer a seamless account verification service to Dwolla’s clients.” Since Q4 of 2022,… Read More

May 2, 2023 @ 11:50 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) and Stripe are launching a new feature on Microsoft Teams that will empower companies “to unlock new revenue streams and grow their business – all with the simple touch of a button.” Introducing Teams Payments, a solution that “enables meeting hosts to… Read More

May 2, 2023 @ 8:18 am By Omar Faridi  |  

Berlin-based Fintech Raisin has appointed Cetin Duransoy as the new CEO of Raisin US, effective 1 May 2023. Cetin Duransoy reportedly “brings over 20 years of experience, having served in senior positions at companies including Capital One and Visa.” Before joining, Cetin served “as president… Read More

May 1, 2023 @ 9:50 pm By Omar Faridi  |  

Vietnam Technological and Commercial Joint Stock Bank (Techcombank)  announced a new partnership with Personetics, the firm focused on financial data-driven personalization and customer engagement for financial services, in order “to introduce artificial intelligence (AI)-powered money management capabilities.” The cost-of-living crisis “has been impacting consumers in… Read More

May 1, 2023 @ 9:45 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY), a financial services and investment management innovator in the digital asset and blockchain technology sector, and DWS, which claims to be one of the world’s leading asset managers, have entered into a strategic alliance with the aim of initially… Read More

May 1, 2023 @ 9:43 pm By Omar Faridi  |  

Mr. Tharith Panpiemras, Assistant Governor of the Financial Institutions Policy Group, announced that after the Bank of Thailand (BOT) released the Virtual Bank Licensing Framework for public consultation “between January 12 and February 12, 2023, the BOT reportedly received questions and helpful feedback from stakeholders… Read More

May 1, 2023 @ 11:44 am By Omar Faridi  |  

Gilles Gade, CEO at Cross River Bank, notes that they recently “closed the first quarter of the year strong and on target despite a turbulent macro environment.” It’s worth noting that Cross River Bank, a top Fintech enabler, is a target of a Federal Deposit Insurance… Read More

May 1, 2023 @ 8:16 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments, has teamed up with MagicCube, the creator of i-Accept, in order “to deliver secure and seamless contactless payments on commercial off-the-shelf (COTS) smartphones and tablets using Tap to Pay—with or without PIN.” The… Read More

April 30, 2023 @ 6:17 pm By Omar Faridi  |  

Frisch’s Big Boy, the 75-year-old American comfort food and casual-themed restaurant brand, announced its partnership with DailyPay–the provider of on-demand pay. Through the partnership, Frisch’s Big Boy’s employees “have access to an important financial wellness benefit that allows them to access their earned pay after… Read More

April 30, 2023 @ 5:18 pm By Omar Faridi  |  

Mutual Vision, a community-owned technology provider, announced it will adopt Mambu’s cloud banking engine. Mambu will “underpin Mutual Vision’s services and bring a unique proposition to its expanding customer base of 27 building societies and banks in the UK.” Mutual Vision provides “a digital platform… Read More

April 28, 2023 @ 3:30 pm By Omar Faridi  |  

InvestCloud, the global firm focused on digital transformation for the financial industry with over $6 trillion in assets, has been selected by BUNKER, a US-based fintech seeking to democratize access to the US markets for Latin Americans, “to help launch a pioneering mobile-first digital investment… Read More

April 28, 2023 @ 1:03 pm By Omar Faridi  |  

TapPay, which is one of the top 100 fintech companies selected by KPMG, has officially enabled Tap to Pay on iPhone in the TapPay iOS app for merchants in Taiwan. Tap to Pay on iPhone “accepts all forms of contactless payments, including Apple Pay, contactless… Read More

April 28, 2023 @ 8:29 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, reportedly reached the milestone of 80 million customers in Latin America “in the first week of April 2023, where it maintains operations in Brazil, Mexico and Colombia.”… Read More

April 28, 2023 @ 8:26 am By Omar Faridi  |  

Bitpanda are pleased to announce that Raiffeisenlandesbank NÖ-Wien, which forms part of Austria’s major banking group, has become the first major traditional bank in the European Union “to move into digital assets through a planned collaboration with Bitpanda Technology Solutions.” Since launching their digital Investment-as-a-Service… Read More

April 28, 2023 @ 8:24 am By Omar Faridi  |  

TransferMate, the provider of B2B payments infrastructure as a service, has been granted authorization as an Electronic Money Institution (EMI) by the Central Bank of Ireland. Acquiring EMI authorization allows TransferMate “to offer an extended service to their customers and partners.” It means customers can… Read More

April 27, 2023 @ 5:57 pm By Omar Faridi  |  

Continuing to build its footprint as a leading global acquirer, global financial technology firm FIS (NYSE: FIS) has announced its Worldpay merchant business will be “expanding its payment processing capabilities into the United Arab Emirates (UAE) this year.” Worldpay has “secured a category II payment… Read More

April 27, 2023 @ 4:29 pm By Omar Faridi  |  

Figure Technologies Inc., a firm focused on transforming financial services through the power of blockchain technology, announced “the close of a HELOC (home equity line of credit) securitization underwritten by Jefferies, Goldman Sachs, and J.P. Morgan.” The FIGRE 2023-HE1 asset-backed securities (ABS) offering “was comprised… Read More

April 27, 2023 @ 8:42 am By Omar Faridi  |  

ConnexPay, which claims to be the first payments technology company that integrates payments acceptance and issuance inside a single platform, announces a partnership with Payouts Network, a financial technology firm. Through this partnership, ConnexPay has “launched new functionality that will enable payouts via Push-to-Card modalities.”… Read More