Tagged: financial services

February 17, 2023 @ 9:11 pm By Omar Faridi  |  

Fintech app Purpl – which is a digital wallet and an aggregator of remittance and cash out partners connecting Lebanon to the world, “allowing senders to send money to their loved ones back home at lesser cost and instantly – is going live having sealed… Read More

February 17, 2023 @ 4:17 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

February 17, 2023 @ 12:17 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) announced new offers aimed “to help small and micro businesses (SMBs) accept digital payments, fine-tune their essential systems and save on the technology needed to grow and build business resilience.” With Visa SavingsEdge, eligible Visa Small Business cardholders can “unlock automatic… Read More

February 16, 2023 @ 7:37 am By Omar Faridi  |  

Sandbox Banking, the fintech building a low-code integration platform for banking, announces its completion of “a strategic investment led by Horizon Ventures, bringing the company’s total financing to $6M.” Participating investors reportedly “include Forum Ventures, SixThirty, Tuesday Capital.” Using the company’s Glyue™ platform, banks and… Read More

February 16, 2023 @ 6:47 am By Omar Faridi  |  

The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, is delighted to announce “the appointment of Norbert Becker as Chair of the European Union (EU) region for the firm.” In addition to his role as… Read More

February 16, 2023 @ 1:37 am By Omar Faridi  |  

As part of its efforts to enhance financial literacy among the younger generation in ASEAN, Maybank’s Cashville Kidz financial literacy program has reached out to 37,020 students and 945 educators in over 113 schools in 2022. In a year that was recovering from the pandemic,… Read More

February 16, 2023 @ 12:43 am By Omar Faridi  |  

TD Bank Group (TD) takes another step toward positive change “to address anti-Black racism and systemic discrimination with the launch of the Black Entrepreneur Credit Access Program.” A lending program “founded on providing more equitable access to credit for Black entrepreneurs, who disproportionally face hurdles… Read More

February 15, 2023 @ 3:17 pm By Omar Faridi  |  

Given today’s changing rules and economic uncertainty, the need for robust, pre-transaction account validation and risk modeling is “more important than ever.” However, most companies “don’t measure Bank Account Validation (BAV) performance at all, leaving themselves unaware of risk management outcomes, return on investment, and… Read More

February 15, 2023 @ 11:56 am By Omar Faridi  |  

Lutheran Life Communities, a not-for-profit system of continuing care retirement communities and senior services, has partnered with DailyPay—the provider of on-demand pay—as part of its effort “to continuously reciprocate support and care for its healthcare team members.” The decision to implement the on-demand pay benefit… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 14, 2023 @ 10:57 pm By Omar Faridi  |  

XS.com, the multinational global Fintech and financial services provider, has announced that it will be the Global Partner of “the first ever Fintech and crypto exhibition of its kind held in the Kingdom of Bahrain.” The Fintech and Crypto Summit is “organized by Smart Vision… Read More

February 14, 2023 @ 9:53 pm By Omar Faridi  |  

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) Board of Directors, the CBUAE launched its Financial Infrastructure Transformation Program (FIT program)… Read More

February 14, 2023 @ 3:08 pm By Omar Faridi  |  

T-Systems and Commerzbank have signed a cooperation agreement “for collaboration in the industrial sector.” Together, the two companies are “developing a solution for fully automated supply chains with integrated financial services.” The Telekom subsidiary and the Frankfurt-based bank are “employing technologies such as 5G campus… Read More

February 14, 2023 @ 10:47 am By Omar Faridi  |  

Atlantic Money announced the completion of its pan-European launch. The service is now officially “available across 29 countries and allows users to send up to £/€1mn for a fixed fee of £/€3.” The completion of the EU launch “comes hot on the heels of its… Read More

February 14, 2023 @ 9:01 am By Omar Faridi  |  

The Nordic fintech company Lunar, which is a modern alternative to traditional banks, raises 35 million EUR “to invest in and develop the business and reach profitability even faster.” Founder and CEO of Lunar Group, Ken Villum Klausen, says: “The capital markets that we and… Read More

February 13, 2023 @ 10:42 am By Omar Faridi  |  

The Italian banking sector is going through a moment of “strong transformation” and faces many challenges in customer relations, according to an update from Backbase. Its centrality is “increasingly evident and its daily needs, which are constantly evolving, become more and more pressing and to… Read More

February 13, 2023 @ 8:17 am By Omar Faridi  |  

Luxury membership community Select announced the coming launch of the Select World Elite Mastercard. The new Select credit card will “combine Select’s robust network of ongoing, significant, and often exclusive member benefits, an uncapped 2% cash back across most spend categories, and World Elite Mastercard… Read More

February 13, 2023 @ 7:39 am By Omar Faridi  |  

Trustly, the global firm focused on Open Banking Payments, partners with PointsBet, an  online gaming operator, “to offer its players Instant Payouts in the United States, powered by Cross River.” In partnership with Cross River Bank, a financial services and technology infrastructure provider that offers… Read More

February 12, 2023 @ 6:48 pm By Omar Faridi  |  

Bungii, the “fast-growing” platform for big and bulky last-mile delivery, announced it has adopted workforce payments platform Branch in order “to streamline the payments experience for its growing network of drivers. Drivers that sign up with Bungii will onboard with Branch to receive fast, easy… Read More

February 12, 2023 @ 6:05 pm By Omar Faridi  |  

MONIX Co., Ltd., a Bangkok-based AI-powered digital lending platform, announced that the company has secured US$20 million in the first close of its pre-IPO fundraising. The investment round was “led by the mothership SCBX and a new investor Lombard Asia, a Southeast Asia’s growth-focused private… Read More