Tagged: financial services

January 12, 2023 @ 10:30 pm By Omar Faridi  |  

Updraft, the financial habit-forming platform, and HomeServe, the international home repairs and improvements business, have announced a strategic partnership “to help consumers manage their energy costs and participate in the green homes revolution.” The partnership will “offer consumers an affordable way to combat rising energy… Read More

January 12, 2023 @ 8:24 am By Omar Faridi  |  

Small business loan approval percentages at big banks “slipped again, falling from 14.6% in November to 14.5% in December, which tied with January for the lowest monthly approval rate for big banks in 2022,” according to the latest Biz2Credit Small Business Lending Index™ released on… Read More

January 11, 2023 @ 12:26 pm By Omar Faridi  |  

TSB is warning that around a quarter (25%) of fraud victims could be “denied reimbursement under the Payment Systems Regulator’s proposed refund mechanism, due to be introduced next year.” TSB claims it has long-campaigned “for higher fraud protections across the banking industry – and in… Read More

January 10, 2023 @ 9:30 pm By Omar Faridi  |  

As many Canadians set their financial goals for the year ahead, CIBC announced the launch of CIBC Smart Planner, which is described as “an easy to use, self-serve digital tool that takes the complexity out of managing finances and offers personalized advice.” CIBC Smart Planner… Read More

January 10, 2023 @ 8:26 pm By Omar Faridi  |  

To provide an integrated framework that links user interfaces across products, global Fintech platform, Broadridge Financial Solutions, Inc. (NYSE:BR), announced it will utilize Glue42, a software provider that delivers integrated desktop experiences to financial institutions globally, “to deliver a seamless trading experience.” This move “brings… Read More

January 7, 2023 @ 12:46 pm By Omar Faridi  |  

RelPro, the fast-growing business development and relationship management solution for Financial Services professionals, announced its latest partnership with Rivel Inc., a Management Consulting firm that “uses data to align its clients with their shareholders’ and customers’ needs.” The new partnership “enhances both companies’ ability to… Read More

January 7, 2023 @ 9:22 am By Omar Faridi  |  

Axis Bank, India’s third largest private sector bank, has partnered with the world’s fastest-growing digital banking enterprise, OPEN, “to provide a fully native digital current account journey for its customers including SMEs, freelancers, homepreneurs, influencers and more.” This partnership “offers the larger business community access… Read More

January 6, 2023 @ 7:55 pm By Omar Faridi  |  

ICICI Bank (NYSE:IBN) announced the launch of digital solutions for exporters, “a comprehensive set of banking and value-added services on a single platform.” In a first-of-its-kind initiative in the industry, the suite of solutions “digitize the entire export life-cycle– from discovery of export markets, export… Read More

January 6, 2023 @ 7:27 pm By Omar Faridi  |  

Maybank announced that it is offering Flood Relief Assistance to individual, SME and other non-retail customers “affected by floods arising from heavy rainfall recently.” The relief assistance is “aimed at easing the financial burden of Maybank customers impacted by the floods.” The Flood Relief Assistance… Read More

January 6, 2023 @ 6:51 pm By Omar Faridi  |  

PayBy, a Fintech firm recently acquired by Astra Tech in August 2022, has been licensed by the Central Bank of the UAE “to conduct Stored Value Facility (SVF) and Retail Payment Services (RPS) operations.” The license “represents one of the country’s highest levels of financial… Read More

January 6, 2023 @ 8:48 am By Omar Faridi  |  

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

January 5, 2023 @ 9:46 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB), a financial institution, announced the launch of the region’s first tokenized, contactless payment methods “through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa.” ADIB Visa… Read More

January 4, 2023 @ 11:27 pm By Omar Faridi  |  

Historically, London has enjoyed an “outsized” role in euro-denominated financial transactions, according to an update shared by the Bank for International Settlements (BIS). BIS has examined the latest evidence on whether Brexit has “affected its central role in trading of interest rate derivatives, foreign exchange,… Read More

January 3, 2023 @ 8:33 am By Omar Faridi  |  

When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options, according to an update from Paysend. However, these barriers are “particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash… Read More

January 2, 2023 @ 10:23 pm By Omar Faridi  |  

Financial services company Singlife with Aviva has announced “the launch of Singlife Connect, its accelerator program to support and spur the growth of promising insurtech startups.” Singlife Connect will “focus on developing scalable market solutions to innovate and transform insurance distribution.” Singlife will “leverage its… Read More

January 2, 2023 @ 9:37 pm By Omar Faridi  |  

TapTop, which is reportedly led by ex-Morgan Stanley, Credit Suisse & PayPal, and is aiming to build “an American Express with cryptocurrency,” has raised 106% (£85,143) of its£80,003 target from 96 investors (at the time of writing) with 9 days left in the firm’s crowdfunding campaign,… Read More

January 1, 2023 @ 1:51 pm By Omar Faridi  |  

N26 recently announced changes to its leadership organization. Effective immediately, N26 co-founder Maximilian Tayenthal will “take over the role of Chief Operating Officer, while retaining his role as Managing Director of N26 Bank AG.” N26 and Jan Kemper have jointly “agreed that he will step… Read More

December 31, 2022 @ 3:27 pm By Omar Faridi  |  

Israel’s reserve bank recently issued a conditional license for the launch of the nation’s second virtual bank, which is being co-led by Nir Zuk, the American-Israeli founder of the cybersecurity company, Palo Alto Networks, Inc. As first reported by The Times of Israel, Bank of… Read More

December 31, 2022 @ 11:21 am By Omar Faridi  |  

Sezzle Inc. (ASX: SZL), a Buy Now, Pay Later (BNPL) solution in Canada, recently announced the expansion of Sezzle Up, a consumer credit-product, into the Canadian market. For Canadians who are either credit unserved or underserved, “the lack of a credit score and any history… Read More

December 30, 2022 @ 4:59 pm By Omar Faridi  |  

Enfuce, the Finnish cloud-native issuing and processing pioneer, has announced the launch of a pilot project with social enterprise Welcome.Place, Finnish mobile payments provider for employment benefits Epassi, and digital payments giant Visa in order “to distribute prepaid payment cards to refugees arriving in France.”… Read More