Tagged: financial services

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

February 12, 2023 @ 12:47 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a consumer-oriented technology company in China, today announced that the company has “regained compliance with the New York Stock Exchange’s (NYSE) continued listing standard for share prices as confirmed by a notification letter from the NYSE on February 1, 2023.” On… Read More

February 11, 2023 @ 10:13 am By Omar Faridi  |  

Banking and payments conglomerate Fidelity National Information Services Inc (NYSE: FIS) is reportedly planning to break up its operations, which will involve undoing a $43 billion acquisition it finalized a few years back. This, according to sources familiar with the matter (and cited by Reuters)…. Read More

February 10, 2023 @ 4:13 pm By Omar Faridi  |  

FINOS, the Fintech Open Source Foundation and financial services umbrella of the Linux Foundation, announced its 2022 annual results, “highlighting the growth of the open source movement within the financial services industry, along with their 2023 strategic initiatives.” Led by the more than 2,100 contributors… Read More

February 10, 2023 @ 8:38 am By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, has released the regulatory principles that “guide its operations and its strategic decisions in adherence with the highest industry standards.” At a time when the crypto industry is facing unparalleled doubt and scrutiny due to both… Read More

February 9, 2023 @ 10:59 pm 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, announced it has raised $40M, in an extension to its Series C funding, “bringing the company’s total raise to $160M.” This investment round follows The Bank… Read More

February 9, 2023 @ 10:44 pm By Omar Faridi  |  

Adyen (AMS: ADYEN) posts “strong” results and sustained profitable growth “driven by its global customer portfolio and motivated team executing on the company’s long-term ambitions.” Summary H2 2022 Processed volume “was €421.7 billion, up 41% year-on-year.” Of these volumes, point-of-sale volumes “were €67.6 billion, up… Read More

February 9, 2023 @ 11:46 am By Omar Faridi  |  

Max Levchin, Founder and CEO at Affirm (NASDAQ: AFRM), has shared an update with their employees and that he also wants to share the message publicly. In a move to reduce costs in a flagging market, Affirm will be slashing its workforce. Affirm reported earnings… Read More

February 9, 2023 @ 9:02 am By Omar Faridi  |  

A senior board member at the Bank for International Settlements (BIS) has asked for a coordinated regulatory response in order to limit the incursions of Big tech companies such as Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) into financial services. The senior office argued that… Read More

February 8, 2023 @ 9:30 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, launched ‘Co-lend’, a fully automated escrow management solution for co-lending. ‘Co-lend’ has been developed in line “with the digital lending guidelines announced by the Reserve Bank of India (RBI).” It facilitates instant disbursal “with auto reconciliation… Read More

February 8, 2023 @ 9:02 pm By Omar Faridi  |  

Pico, a global provider of mission-critical technology services, software, data and analytics for the financial markets community, has launched the Pico Performance Lab, a high-performance financial services test lab. Pico’s full-stack trading technology solution of infrastructure, connectivity, market data, trading software, critical timing services and… Read More

February 8, 2023 @ 3:17 pm By Omar Faridi  |  

With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must “adapt quickly to keep pace.” To address these challenges, Oracle launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services. The six new services available “provide banks… Read More

February 8, 2023 @ 12:17 pm By Omar Faridi  |  

Larky, a Fintech provider helping financial institutions connect with their audience in the right place and at the right time, announced its launch with Marshfield, Wis.-based Forward Bank. The bank has introduced Larky’s nudge push notifications in order to provide its account holders with more… Read More

February 8, 2023 @ 11:59 am By Omar Faridi  |  

Brillio, a digital transformation services and solutions provider, announced the appointment of Navneet Narula as the Global Head of Banking, Financial Services & Insurance (BFSI). Narula brings over 20 years of leadership experience “building and scaling new growth engines and transforming business verticals throughout his… Read More

February 8, 2023 @ 8:40 am By Omar Faridi  |  

Mondu, the “fast-growing” B2B payments company, announced MonduSell, a solution for B2B merchants offering flexible payments on all sales channels: field sales, tele-sales or email orders. MonduSell offers the most “popular” B2B payment methods and flexible terms while  processing orders from any sales channel in… Read More

February 8, 2023 @ 8:37 am By Omar Faridi  |  

iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.” Quickbooks supports UK businesses “with their accounting needs via a… Read More

February 7, 2023 @ 11:47 pm By Omar Faridi  |  

Digital banking platform Oxygen announced $20 million in Series B funding – led largely by return investors – and the appointment of David Rafalovsky as Chief Executive Officer (CEO). Oxygen will use the funds “to increase investment in product development and user experience around its… Read More