Tagged: financial services

August 26, 2024 @ 10:28 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has released the Consultation Paper No. 7 of 2024 containing proposals to enhance its regulatory framework to “allow the issuance of Fiat-Referenced Tokens (FRTs) from the ADGM and invites public feedback and comments on the… Read More

August 25, 2024 @ 8:52 pm By Omar Faridi  |  

Maybank integrates art into its wealth management strategies, reflecting the Bank’s commitment to offering diversified and holistic solutions that will not only drive financial growth but also “enrich the lives of its clients while at the same time support local artists.” Recognizing the value of… Read More

August 24, 2024 @ 10:48 pm By Omar Faridi  |  

Zumo, the B2B digital assets infrastructure, has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing its commitment to a greener financial services industry as it extends its reach further into the region. The Abu Dhabi Sustainable Finance Declaration “is a voluntary membership-based initiative launched by… Read More

August 24, 2024 @ 7:44 am By Omar Faridi  |  

FinTech Wales and Future Finance have joined forces to drive financial innovation. FinTech Wales, the independent membership association and champion of the FinTech and Financial Services industry in Wales, has announced a new community partnership with Future Finance. Future Finance is a collaborative research project,… Read More

August 22, 2024 @ 3:55 pm By Omar Faridi  |  

Following the launch of Cuenta Nu this year, over 500,000 Colombians have started saving to achieve their financial goals using this product. One of the most popular features among customers has been the “Cajitas,” which allow people to set aside money for saving. So far,… Read More

August 22, 2024 @ 6:49 am By Omar Faridi  |  

Northern Trust is partnering with Greenlight Financial Technology in an effort to help families the  build healthy financial futures. Northern Trust clients now have complimentary “access to Greenlight’s family finance app and debit card, available through the Greenlight for Banks program.” Research conducted by the… Read More

August 21, 2024 @ 4:36 pm By Omar Faridi  |  

PXP Financial, the firm focused on global payment services announced its participation in the Zebra PartnerConnect program. Zebra Technologies says it is an innovator “at the front line of business with solutions and partners that create new ways of working.” PXP Financial joins as an… Read More

August 16, 2024 @ 9:15 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the second quarter ended June 30, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability… Read More

August 15, 2024 @ 6:16 am By Omar Faridi  |  

C6 Bank, a Brazilian bank whose partner is JPMorgan Chase, reported a net profit of R$969 million between January and June 2024. The bank’s first half-year profit, the result is being attributed to the ongoing work to expand revenues, control costs and stabilize “provisions for… Read More

August 10, 2024 @ 3:14 pm By Omar Faridi  |  

In a leap forward for financial trading platforms, Finatechs unveils its latest innovation: a next-generation trading platform designed to empower traders worldwide with superior market access. This platform combines technology with user-friendly functionalities, “redefining success in trading.” Traders on the Finatechs platform can explore “an… Read More

August 10, 2024 @ 11:02 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO) recently Reported its second quarter 2024 financial results and also raised 2024 guidance. Payoneer is reporting 22% volume growth accelerates “for a sixth consecutive quarter, reflecting consistent execution.” Payoneer also reported 40% B2B volume growth “driving continued SMB take rate expansion.” The… Read More

August 8, 2024 @ 5:22 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart kids, announced a collaboration with Google to connect with the Fitbit Ace LTE, a first-of-its-kind smartwatch that helps kids lead active, independent lives while giving parents peace of mind. Starting… Read More

August 8, 2024 @ 12:05 am By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced the launch of DTCC’s Insurance & Retirement Services’ (I&RS) Producer Authorization (PAR) service, “a standardized method for insurance vendors and distributors to communicate with carriers to verify… Read More

August 6, 2024 @ 11:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

August 4, 2024 @ 4:20 pm By Omar Faridi  |  

Alpaca, an API-focused brokerage that operates a modern infrastructure for stocks, ETFs, options, and crypto trading and serves hundreds of financial services businesses globally, and Citadel Securities, a global market maker, announced an extension of their strategic partnership in Japan to jointly leverage their expertise… Read More

August 1, 2024 @ 11:23 am By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced financial results for the second quarter ended June 30, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange said: “We… Read More

July 25, 2024 @ 9:55 pm By Omar Faridi  |  

Tech-first businesses, Banking Circle and fundcraft, are working in partnership to deliver seamless access to account openings for fund managers. Banking Circle, a firm focused on the payments space, is “one of fundcraft’s primary bank account providers, making accounts accessible through fundcraft via API integration.”… Read More

July 24, 2024 @ 12:15 pm By Omar Faridi  |  

Bancolombia Group, one of the largest financial groups in Colombia and Central America, announced the launch of Wenia, a full-service digital asset offering to its retail customer base which is powered by Fireblocks. Through Wenia, Bancolombia Group is “one of the first major financial institutions… Read More

July 23, 2024 @ 10:32 pm By Omar Faridi  |  

The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption journey. These deliverables are the result of a year-long public-private partnership of… Read More

July 17, 2024 @ 4:09 pm By Omar Faridi  |  

Law firm Mishcon de Reya LLP recently shared key insights impacting the Fintech and broader financial services sector. Based in London, Mishcon de Reya services an international community of clients and “provides advice in situations where the constraints of geography often do not apply.” The… Read More