Tagged: financial services

February 23, 2023 @ 10:00 pm By Omar Faridi  |  

FNZ, the global wealth management platform, has confirmed the completion of its acquisition of YieldX, a US-based provider of fixed-income portfolio management technology and optimization services for the wealth management industry. The acquisition “brings together the full-service end-to-end platform of FNZ with YieldX’s market-leading digital… Read More

February 23, 2023 @ 12:29 pm By Omar Faridi  |  

FinanZero, the online credit marketplace in Brazil, announces that it has reached 40 million loan applications made through its platform to date. FinanZero was “founded in São Paulo in 2016 by Swedish entrepreneurs Olle Widén and Kristian Jacobsson together with Swedish-Brazilian investment firm Webrock Ventures.”… Read More

February 23, 2023 @ 7:53 am By Omar Faridi  |  

After an official tender process to procure a prepaid payment card service, the State Treasury of Finland and Kela (the Social Insurance Institution of Finland) awarded the contract to Finnish issuer processor Enfuce. The State Treasury of Finland, Kela, and Enfuce “signed the five-year contract… Read More

February 22, 2023 @ 11:14 pm By Omar Faridi  |  

ALMIS International is pleased to announce that GB Bank, which was awarded their full banking license in August 2022, have chosen “to add additional ALMIS International products as it continues to drive forward its ambitious growth plans.” Having already trusted ALMIS International for their ALM… Read More

February 22, 2023 @ 11:00 pm By Omar Faridi  |  

SmartSave Bank, the savings brand of UK digital bank Chetwood Financial, has today announced a new partnership with Flagstone, the UK’s cash deposit platform. Flagstone claims it is “the UK’s largest smart cash platform for corporate, charitable and individual clients.” It offers “a choice of… Read More

February 22, 2023 @ 9:30 pm By Omar Faridi  |  

Vietnam’s Fintech start-up GIMO has announced the first close of its Series A funding with a US$5.1 million investment “led by TNB Aura.” Other investment firms joining the investment round “are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.”… Read More

February 22, 2023 @ 6:03 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced the launch of Enhanced Issuer Network, a set of partnerships with major US card issuers. Stripe provides secure access “to transaction fraud scores from Stripe Radar, its fraud prevention solution, through an encrypted pathway with issuers including… Read More

February 22, 2023 @ 5:31 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 21, 2023 @ 10:56 am By JD Alois  |  

According to Cynozure, a data and analytics consultancy, 27% of financial services firms in the UK do not have the right people with the correct skills to maximize the value of data at their firms. Cynozure bases this information on research undertaken by Obsurvant between the… Read More

February 21, 2023 @ 8:05 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) is seeking views on “what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.” The UK is a leading center for asset management, “with over £11 trillion of assets managed… Read More

February 20, 2023 @ 11:47 pm By Omar Faridi  |  

PensionBee, a online pension provider, has calculated that “moving £1 trillion, the approximate value of UK defined contribution pension funds of around 28 million UK savers that are mostly held in ‘default’ investment plans, to ‘positive impact’ funds, could reduce the carbon footprint of UK… Read More

February 20, 2023 @ 9:34 pm By Omar Faridi  |  

HighRadius, the global firm focused on Autonomous Finance Platforms for the Office of the CFO, announced “record” performance in 2022. Customer Growth & Adoption: Grew client base 24% YoY to over 800+ clients, including 200+ from the Forbes Global 2000 Completed 2400+ finance transformation projects… Read More

February 20, 2023 @ 10:07 am By Omar Faridi  |  

Juniper Research defines Open Banking as the practice of “sharing, and to an extent control, personal financial information between FIs (Financial Institutions) and TPPs (Third-party Providers), mostly in the form of Fintech developers, subject to customer consent via the use of APIs (Application Programming Interfaces).”… Read More

February 20, 2023 @ 8:35 am By Omar Faridi  |  

In order to provide the complete set of features that many of their customers know and love, Plutus works with various third parties including a banking partner. Their banking partner “provides and manages your Plutus current account.” Plutus is “moving from one of its current… Read More

February 19, 2023 @ 7:54 pm By Omar Faridi  |  

Ledge, a fully automated, no-code payments command center built to empower CFOs and their finance teams, announced that it has “emerged from stealth with $9M in Seed funding led by New Enterprise Associates (NEA) as well as Vertex Ventures, FJ Labs and existing investors Picus… Read More

February 19, 2023 @ 1:30 pm By Omar Faridi  |  

Wedge Financial, Inc., a fintech company that brings the power of the markets and programmable payments to everyday spending, is partnering with Visa (NYSE: V) in order to launch a debit card “connected to the Wedge app, accelerating its mission to revolutionize consumer spending.” Wedge… Read More

February 19, 2023 @ 1:28 pm By Omar Faridi  |  

In February, Addepar gained additional insight into the latest market moves in their Investor Sentiment Index and Q4 2022 Secondary Market Pricing Scorecard. Addepar is debuting a new portfolio search bar in Analysis and Reporting and “offering Addepar users access to the Global Industry Classification… Read More

February 19, 2023 @ 11:16 am By Omar Faridi  |  

In 2018, Plaid launched Plaid in Canada to enable account connectivity for thousands of fintechs and help increase financial access for millions of Canadians. Since then, they’ve worked with companies like Wealthsimple, Shopify, and Wave. But onboarding a new user is more than “just account… Read More

February 18, 2023 @ 3:53 pm By Omar Faridi  |  

EBANX, a fintech company that specializes in international payments in rising markets, has been authorized by the Central Bank of Brazil (Bacen) “to offer a payment initiator service through Pix.” The PISP (Payment Initiation Service Provider) license “expands the range of services the global payments… Read More