Tagged: financial services

April 20, 2023 @ 10:27 pm By Omar Faridi  |  

Global spending on financial market data and news “continued its decade-long growth streak with revenues jumping 4.7% to a record $37.3 billion in 2022.” Although real-time trading and data spending accounted “for the largest share of total revenues, strong demand for Pricing, Reference and Valuation… Read More

April 20, 2023 @ 3:59 pm By Omar Faridi  |  

Trullion, a provider of corporate accounting software, announced the completion of $30m in financing to accelerate its growth and expand its product offerings. The financing reportedly “includes $15 million from its initial Series A round led by Third Point Ventures, and an additional $15 million,… Read More

April 20, 2023 @ 3:41 pm By Omar Faridi  |  

FS-ISAC, which claims to be the “member-driven,” not-for-profit organization that advances cybersecurity and resilience in the global financial system, announced that for the “first” time, FS-ISAC is “convening nearly 30 member financial firms from around the world to participate in the world’s largest live-fire cyber… Read More

April 20, 2023 @ 8:37 am By Omar Faridi  |  

Charm Solutions, a Fintech startup with offices in San Francisco, Stockholm, and Wilmington, Delaware, has announced that it secured a $3.5M seed funding round led by BootstrapLabs. Charm is “developing a trusted AI-powered SMB Credit Advisor service that leverages self-learning AI to help institutional lenders… Read More

April 20, 2023 @ 8:31 am By Omar Faridi  |  

The digital bank N26 announced its new campaign, “Security Explained Simply” in order to help “decode the increasingly complex landscape of security in digital banking.” Each of the five updates featured in the campaign “discuss a separate security concept narrated by a character that relates… Read More

April 19, 2023 @ 6:53 pm By Omar Faridi  |  

The team at Fintech Razorpay notes that they serve a “dynamic” country of constantly evolving, “exciting possibilities.” At Razorpay, they claim to be aware that they operate in an “equally dynamic” fintech environment. In order to adapt to this “ever-changing” world, it is imperative that… Read More

April 19, 2023 @ 4:16 pm By Omar Faridi  |  

To help keep more money in consumers’ wallets and bring financial power to all, Experian is partnering with nationally-recognized consumer finance and budgeting professional Andrea Woroch in order “to share financial tips and create awareness about a variety of Experian resources that can help consumers… Read More

April 19, 2023 @ 8:00 am By Omar Faridi  |  

Unchained, the financial services platform for bitcoin holders, has announced its $60 million Series B funding round led by Valor Equity Partners. The initial investment round close, “completed on April 11, included participation from existing investors NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital… Read More

April 18, 2023 @ 10:02 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, today announced its expanded Reconciliation Engine, which automates and simplifies end-to-end cash reconciliation for businesses. This enhanced offering reportedly “drives speed and efficiency, accelerates growth, reduces financial risk, and provides real-time insight into payment… Read More

April 18, 2023 @ 2:08 pm By Omar Faridi  |  

Finastra announced that Plaid, the open finance provider, is now integrated within Finastra’s Fusion Digital Banking platform. The partnership, delivered via Finastra‘s FusionFabric.cloud open APIs, “provides financial institutions of all sizes within the Finastra ecosystem with account verification tools, making it easier and more secure… Read More

April 18, 2023 @ 11:06 am By Omar Faridi  |  

Challenger credit card Fintech Yonder announces a raise of $15.5 million (£12.5 million) in equity and $62 million (£50 million) in debt following its Series A funding round. The investment round was “co-led by Northzone and RTP Global alongside angel investors Joseph Moore, founder of… Read More

April 17, 2023 @ 11:17 pm By Omar Faridi  |  

Curve, the financial super app and digital wallet that empowers you to maximize rewards from your existing cards and gives you the ability to earn in cashback or in crypto, has announced the launch of a new function that “enables its customers to transfer their… Read More

April 17, 2023 @ 9:23 pm By Omar Faridi  |  

NSW, Queensland and Tasmanian digital businesses have seen their annual turnover “jump by up to 13%, even as Aussies’ online spending dropped by more than $124 million nationwide.” The first Digital Economy Index released by payments fintech Airwallex shows Australians have “spent $124.1 million less… Read More

April 17, 2023 @ 5:28 pm By Omar Faridi  |  

Volante Technologies, the global firm focused on cloud payments and financial messaging,  announced that it is empowering SouthState Bank “to deliver faster and more flexible payment options to its one million customers via The Clearing House RTP platform and Federal Reserve Financial Services’ FedNow Service.”… Read More

April 17, 2023 @ 12:04 pm By Omar Faridi  |  

FNZ, the global wealth management platform, and Virgin Money, the “full service” digital bank serving 6.6 million customers across the UK, are announcing that they have partnered in order “to launch a new digital investment solution for UK retail investors.” The service has been “developed… Read More

April 17, 2023 @ 8:30 am By Omar Faridi  |  

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

April 17, 2023 @ 7:45 am By Omar Faridi  |  

Alif, an Islamic Fintech and neobank based in Central Asia, claims it has recorded over 121% year-on-year growth. Operating as a “fully” licensed bank in Tajikistan and an e-commerce and fintech company in Uzbekistan, Alif’s total number of users has reportedly “surpassed 1.5 million, with… Read More

April 16, 2023 @ 10:26 pm By Omar Faridi  |  

Digital Treasures Center updated its branding strategy whereby, it will be known as “dtcpay” going forward “reflecting its commitment towards digital payments.” Since 2019, dtcpay’s mission is “to bridge the gap between digital assets and traditional finance and help businesses grow quickly by accepting payment… Read More

April 16, 2023 @ 10:21 pm By Omar Faridi  |  

Gretel, a Fintech on a mission to reconnect the public with £50bn in “lost savings” and investments, has raised 69% (£454,219.58) of its £650,000 fundraising target (at the time of writing) from 113 investors via it crowdfunding campaign, carried out via Crowdcube. Gretel reports a… Read More

April 16, 2023 @ 3:37 pm By Omar Faridi  |  

The Phoenix Suns and PayPal (NASDAQ: PYPL) announced that they have extended their partnership through the 2026 NBA season. PayPal will “continue as the Suns’ jersey sponsor and, as part of the enhanced multi-year deal, the organizations will now increase their focus on supporting small… Read More