Tagged: financial services

December 11, 2022 @ 10:51 pm By Omar Faridi  |  

IFZA Dubai, which claims to be the UAE’s most “dynamic” and “truly” international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s “first” platform bank, “to provide IFZA Free Zone companies with quick and convenient access to digital banking services and… Read More

December 11, 2022 @ 10:06 pm By Omar Faridi  |  

Earned Wage Access (EWA) service provider Paywatch has reportedly secured $9 million via a pre-Series A funding round that was led by existing investor Third Prime. The investment round also included contributions from Hana Ventures which is the venture division of Hana Financial Group in… Read More

December 10, 2022 @ 8:17 pm By Omar Faridi  |  

The Bank of London, the technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced it has become a Directly Connected Settling Participant (DCSP) of Bacs, which is “owned and operated by Pay.UK, the recognized operator and standards body for the… Read More

December 10, 2022 @ 6:32 pm By Omar Faridi  |  

Veem, an accounts receivable (AR) and accounts payable (AP) network for small and medium-sized businesses (SMBs), announced a partnership with Finastra, a global provider of financial services software applications and marketplaces, “to offer business payments via a native integration with Finastra’s Fusion Digital Banking Platform.”… Read More

December 10, 2022 @ 4:13 pm By Omar Faridi  |  

Bond, the embedded finance platform, announced that residential real estate business Flow has selected Bond as the embedded finance platform partner “to power Flow’s planned digital wallet, which will offer differentiated financial products.” Bond’s platform “enables Flow to provide its community members with a unique… Read More

December 9, 2022 @ 8:11 am By Omar Faridi  |  

Luxembourg is a country known for its “strong” focus on innovation and is one of the world’s “leading” financial centers, and PayPal (NASDAQ:PYPL) is pleased to announce that they will be “expanding PayPal’s cryptocurrency services to eligible Luxembourgish customers in the coming days.” The introduction… Read More

December 8, 2022 @ 11:57 pm By Omar Faridi  |  

Goji, an FCA regulated, UK-based technology provider that offers investors digital access to alternative investments, announced its partnership with global financial services provider Apex Group Ltd. in order “to enable alternative asset management clients to seamlessly manage all stages of the investor lifecycle.” Apex Group’s… Read More

December 8, 2022 @ 8:19 am By Omar Faridi  |  

Two of Sweden’s “fastest-growing” Fintech companies are joining forces in a partnership “to provide easier and more accessible growth financing for retailers that import goods.” A unique, simple, and completely digital credit scoring process “enables small and medium-sized businesses to quickly get financing with fair… Read More

December 8, 2022 @ 8:11 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced a multi-year innovation partnership with NVIDIA in order “to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector.” Combining Deutsche Bank’s financial industry expertise with NVIDIA’s leadership in AI and accelerated computing “will… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More

December 7, 2022 @ 8:27 pm By Omar Faridi  |  

Atlanta-based global payments technology company Brightwell launched its ATM program solutions that “offer a cost-effective way for the cruise industry to drive revenue while lowering ATM operation costs.” By partnering with NCR, the largest provider of ATM software applications and hardware, and Travelex, the “market… Read More

December 7, 2022 @ 7:17 pm By Omar Faridi  |  

Ribbon announced it has closed $2.7 million in venture capital funding “to enable the Austin-based startup to roll out its unique fiscal sponsorship model for the burgeoning nonprofit industry.” The company’s fiscal sponsorship model “allows individuals looking to conduct charitable work to partner with existing… Read More

December 7, 2022 @ 8:07 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest digital financial services platforms, announced an equity capitalization of $330 million, which will be “invested to finance the expansion of the company’s portfolio, increase penetration across market segments and strengthen its operations and long term… Read More

December 6, 2022 @ 11:15 pm By Omar Faridi  |  

Global fintech platform Airwallex is pleased to announce that Kai Wu has been jointly appointed “as the company’s Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM).” Kai has “held a number of senior positions at Airwallex for close to five years, including as… Read More

December 6, 2022 @ 8:34 am By Omar Faridi  |  

T8, a financial services and lifestyle platform built for the global mass affluent, has raised  237% (£3,322,350) of its £1,400,000 target (with 3 days left in the sale, at the time of writing) from 238 investors via its crowdfunding campaign, carried out through Seedrs. Located… Read More

December 5, 2022 @ 11:49 pm By Omar Faridi  |  

Tonik Financial Pte. Ltd., the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. in order “to acquire its Philippine business, operating under the brand name ‘TendoPay’.” This deal, which is “subject… Read More

December 5, 2022 @ 9:20 pm By Omar Faridi  |  

YAI, a New York-based organization dedicated to providing innovative services for people with intellectual and developmental disabilities (I/DD), has partnered with DailyPay, the provider of on-demand pay. Through the partnership, YAI is among “the first I/DD employers to implement DailyPay for its frontline, direct-care employees.”… Read More

December 5, 2022 @ 8:51 am By Omar Faridi  |  

Currencycloud, which claims to be the expert in simplifying business in a multi-currency world, has partnered with Scottish start-up app Skedadle in order “to provide its users an easy, secure and seamless way to transfer money earned in-app while playing games on public transport.” Skedadle… Read More

December 5, 2022 @ 8:42 am By Omar Faridi  |  

The agreement with Commerzbank is a key milestone for the issuing solutions business of Nexi in Germany. Commerzbank has chosen Nets, part of the European PayTech Nexi Group, in order “to develop a streamlined and scalable solution for processing credit, debit, and prepaid cards which… Read More

December 5, 2022 @ 8:37 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest financial services platforms, announces the additional protection for fraudulent digital transactions “as part of its Nubank Celular Seguro insurance.” Still in the testing phase for a little portion of the customer base, the coverage “will… Read More