Tagged: financial services

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

December 29, 2022 @ 8:45 pm By Omar Faridi  |  

Puneet Maheshwari, Director at Upstox, which supports powerful investing and trading made simple, and claims to be trusted by Indian consumers, reveals that Upstox is “an online trading app for Demat Account, Share Market, MF, IPO with 10 million+ customers.” Backed by Ratan Tata and… Read More

December 29, 2022 @ 3:51 pm By Omar Faridi  |  

Recently, we connected with the Alviere team. They discussed licensing in the embedded finance sector. According to Alviere, licensing in embedded finance is one of the most important areas in the financial industry. As explained by Alviere, the OCC is watching banking-as-a-service (BaaS) and embedded… Read More

December 29, 2022 @ 2:05 pm By Omar Faridi  |  

As searches for financial wellness skyrocket, financial therapist Megan Ford offers advice to consumers on how to look after their mental health – and their money With the news covering inflation, recession and the cost of living crisis more, it’s no wonder Americans are “feeling… Read More

December 28, 2022 @ 9:36 pm By Omar Faridi  |  

Akash Sinha, CEO & Co-Founder, Cashfree Payments has provided a brief evaluation of the year 2022 and the anticipated trends in 2023, with respect to fintech, digital payments, BaaS, among other sectors. Sinha noted: “India is in a strong position to become the global leader… Read More

December 28, 2022 @ 8:38 am By Omar Faridi  |  

In December 2022, Addepar is introducing a new way “to spotlight key performance metrics in the Client Portal for web with changes to mobile slated for next month.” Addepar is also pleased “to announce individual table and chart filters in Analysis views.” You’ll also “find… Read More

December 27, 2022 @ 7:37 pm By Omar Faridi  |  

Japan-based Fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that “allows customers to pay for online installment purchases straight from their bank accounts.” Smartpay Bank Direct “emphasizes user security while delivering convenience for the consumer, through a network of… Read More

December 27, 2022 @ 4:49 pm By Omar Faridi  |  

Digital credit platform Money View has reportedly secured $75 million in capital via its Series E round, which has been led by Apis Partners, a UK-headquartered asset management firm. The investment round also included contributions from Tiger Global, Winter Capital, and Evolvence. As noted by… Read More

December 27, 2022 @ 1:30 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, has reportedly granted approval to the test launch of the country’s very first agriculture-focused Fintech platform, Digitt+ (providing an Electronic Money Institution or EMI permit). Digitt+ is supported by Akhtar Fuiou Technologies (AFT), the firm… Read More

December 26, 2022 @ 11:57 pm By Omar Faridi  |  

Fagura, which aims to build the first digital bank in CEE “for anyone to borrow, invest and transfer money easily,” has secured 186% (€747,076) of its €400,006 target (at the time of writing) via Seedrs from 268 investors, with the crowdfunding campaign closing soon. Located… Read More

December 26, 2022 @ 9:39 pm By Omar Faridi  |  

Nageen Kommu, CEO at Digitap recently commented on the anticipated trends for the Fintech segment in 2023. In an update shared with CI, Nageen Kommu noted that the Indian Fintech market currently stands “as the third largest Fintech ecosystem in the world and is well… Read More

December 26, 2022 @ 1:07 pm By Omar Faridi  |  

About 84% of exporters know about invoice factoring as it’s “one of the most common facilities offered by a trade finance company,” according to an update shared with CI. When exporters think about financing their business, “the two most common terms that come to mind… Read More

December 25, 2022 @ 9:37 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced Greenlight for Classrooms, a new web-based financial literacy library “designed for teachers, aligned with the K-12 national standards.” Starting in 2023, the product will be “available for… Read More

December 24, 2022 @ 5:38 pm By Omar Faridi  |  

Customers who have a Global Account with C6 Bank with a balance in euros have a new feature that “allows them to make international transfers in foreign currency.” The option, which was already available in the Global Dollar Account offered by C6 Bank, serves those… Read More

December 24, 2022 @ 1:19 pm By Omar Faridi  |  

SavvyMoney, the provider of innovative credit score solutions, and Alkami, the provider of cloud-based digital banking solutions for banks and credit unions in the U.S., recently signed their 100th shared customer, a key milestone in their expanding partnership. Since its launch in 2019, the number… Read More

December 24, 2022 @ 11:06 am By Omar Faridi  |  

The World Economic Forum has launched the ASEAN Digital Generation Report 2022, the sixth edition of the report since 2017. This year’s report “examines digital financial services, gaps in access and where businesses, governments, and civil society organizations need to improve financial inclusion.” The report… Read More

December 24, 2022 @ 10:37 am By Omar Faridi  |  

The FBI is warning the public that cybercriminals are using search engine advertisement services “to impersonate brands and direct users to malicious sites that host ransomware and steal login credentials and other financial information.” Cybercriminals purchase advertisements that “appear within internet search results using a… Read More