Tagged: financial services

March 14, 2023 @ 10:49 pm By Omar Faridi  |  

Astra Tech’s PayBy, a Central Bank-UAE licensed Fintech offering a variety of financial technology services, has achieved a significant milestone in the MENA region fintech space by becoming one of the first fintech player “to obtain a Mastercard (NYSE: MA) principal membership license.” This achievement… Read More

March 14, 2023 @ 5:16 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services, announced that it has launched its new LIBOR Benchmark Replacement Index solution “to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as… Read More

March 13, 2023 @ 10:10 pm By Omar Faridi  |  

Homegrown financial services company Singlife has appointed Citi and BlackRock Aladdin to “provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering.” Citi and BlackRock Aladdin previously “entered into an alliance to leverage… Read More

March 13, 2023 @ 8:54 pm By Omar Faridi  |  

Paymob, the financial services enabler in the MENA region and Pakistan (MENAP) and Shahid, the Arabic streaming platform by MBC GROUP, announced their signing of a new partnership agreement. The partnership “enables Shahid customers in Egypt to pay for their subscriptions via electronic wallets processed… Read More

March 13, 2023 @ 11:02 am By Omar Faridi  |  

Experian recently announced plans to pilot a new service that could help millions of financially excluded people “get better access to mainstream financial services.” Experian’s initiative aims “to help people with little or no credit history – the so-called ‘credit invisibles’ – build out their… Read More

March 13, 2023 @ 8:49 am By Omar Faridi  |  

The Bundesbank reportedly convened its crisis team on Monday (March 13, 2023) in order to assess the impact of the fallout of the US-based lender Silicon Valley Bank (NASDAQ:SIVB) on the domestic market, even while no emergency action or measures were expected in Europe. As… Read More

March 12, 2023 @ 11:47 pm By Omar Faridi  |  

Liquidity Group, an Israel-based fintech and asset manager, is looking to provide $500 million this year “to support startups in the UAE and across the Middle East.” The company reached unicorn status last month, “with fresh investment of $40 million from Japan’s MUFG at a… Read More

March 12, 2023 @ 11:30 pm By Omar Faridi  |  

Feedzai, the firm focused on fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report. UK Finance has chosen Feedzai as the lead sponsor and contributor “for the… Read More

March 12, 2023 @ 4:10 pm By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, announced that its subsidiary, Capitolis Global Broker Dealer LLC, has applied “to become a broker-dealer.” This is the next step in Capitolis’ journey “to provide innovative solutions to the market in order to keep the capital markets both… Read More

March 11, 2023 @ 5:31 pm By Omar Faridi  |  

Credit Karma (NASDAQ: INTU), the consumer technology platform with more than 120 million members in the U.S., announced Net Worth, a new product experience within Credit Karma that will help millions of members know, grow and protect their wealth. The introduction of Net Worth “brings… Read More

March 10, 2023 @ 10:42 pm By Omar Faridi  |  

BILL (NYSE: BILL), a key player focused on financial automation software for small and midsize businesses (SMBs), announced a partnership with BMO in order “to digitize and streamline business payments.” BMO Bill Connect, powered by BILL, is a bill pay and invoicing platform that “helps… Read More

March 9, 2023 @ 10:31 pm By Omar Faridi  |  

Candidly, which claims to be the market’s most comprehensive student debt and savings optimization platform, announced it raised $20.5M in a Series B round of financing, led by Altos Ventures, with follow-on participation from Cercano Management. The Series B investment round reportedly “follows a year… Read More

March 9, 2023 @ 9:12 am By Omar Faridi  |  

Grasshopper, the “client-first” digital bank built for the business and innovation economy, recently announced steady growth and solid momentum for the year ending 2022. The bank has reportedly “expanded its management team, relaunched last March with a new vision, and has built strong lines of… Read More

March 8, 2023 @ 8:32 am By Omar Faridi  |  

Following the announcement of impressive growth in the past year, Weavr has confirmed the acquisition of B2B Open Banking platform, Comma Payments, in “a first-of-its kind deal within the world of embedded finance.” The acquisition, which is “largely equity-based, will see Weavr retain most of… Read More

March 8, 2023 @ 8:30 am By Omar Faridi  |  

Global financial technology company SumUp has unveiled its multi-product subscription – SumUp One, now “available in the UK and Italy, and soon in other European markets.” SumUp One reportedly “combines the best of the SumUp product suite in a single, unified offering for merchants across… Read More

March 7, 2023 @ 7:47 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, introduced a new fraud mitigation solution designed to simplify how large enterprises manage omnichannel risk. Accessible through the Carat global commerce platform, the modular solution empowers merchants with controls that can… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

March 7, 2023 @ 8:42 am By Omar Faridi  |  

SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave reportedly “offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

March 6, 2023 @ 1:17 am By Omar Faridi  |  

Liquidity Group, a pioneering financial technology firm and asset manager that uses patented machine learning and decision science to provide capital to high-growth technology companies, has announced the launch of its global ‘Twenty Chairs’ series. The series will bring together leading industry players “to network… Read More