Tagged: financial services

December 4, 2022 @ 7:52 pm By Omar Faridi  |  

The Bank of London, which claims to be the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Marc Jenkins as Chief Financial Officer UK – SMF 2, “subject to regulatory approval, and Member of the… Read More

December 4, 2022 @ 2:51 pm By Omar Faridi  |  

Nordic open banking provider, Neonomics, has decided to support UNICEF Norway in order “to make donating this holiday period easier and more secure by harnessing the power of open banking payments.” The holiday period is “the most important time of year for charities, but with… Read More

December 4, 2022 @ 2:24 pm By Omar Faridi  |  

MUFG Bank (NYSE:MUFG) claims it is the “first” Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service “for over 120 currencies.” MUFG Bank will “join the expanding CLSNet community of global and regional banks, which includes eight of the top ten… Read More

December 3, 2022 @ 2:07 pm By Omar Faridi  |  

To help customers manage their finances, Santander has launched two new tools on its Financial Support Hub, a Budget Calculator and Financial Health Check. These tools will “provide customers with advice on how to manage their finances, helping them to review their spending and budget… Read More

December 3, 2022 @ 12:27 pm By Omar Faridi  |  

American Express (NYSE:AXP) announced Amex Business Link™, a new business-to-business (B2B) payments ecosystem for network issuing and acquiring participants “to offer to their business customers.” Amex Business Link “makes managing payments easier for buyers and suppliers of all sizes by accepting card and non-card payments… Read More

December 2, 2022 @ 10:08 am By Omar Faridi  |  

Decimal, a Fintech company offering bookkeeping and accounting operations for small and medium-sized businesses (SMBs),  announced it “has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark, owned by Big Four tax, accounting and advisory firm KPMG LLP.” Financial terms “were not… Read More

December 1, 2022 @ 10:27 pm By Omar Faridi  |  

Inflation is taking its toll on America’s healthcare workers, according to an update from DailyPay. A recent Harris Poll, “among over 2,000 U.S. adults of which nearly 200 are healthcare workers, commissioned by IntelyCare and DailyPay reveals that a majority of healthcare workers across the… Read More

December 1, 2022 @ 7:58 pm By Omar Faridi  |  

giveback — a tech-enabled platform that helps donors create and manage giving portfolios, working toward a future where philanthropy is efficient, engaging, and personalized — is announcing “the launch of the giving platform in time for the 2022 giving season.” The philanthropic – or Philtech… Read More

November 30, 2022 @ 10:17 pm By Omar Faridi  |  

Visa (NYSE: V) announced a seven-year global partnership with GoHenry, the prepaid card and financial education app for 6-to 18-year-olds. Visa will “provide support as the exclusive global network partner for GoHenry’s prepaid cards for kids and teens in the US, UK, and Europe.” GoHenry… Read More

November 30, 2022 @ 9:54 pm By Omar Faridi  |  

InvestCloud, which claims to be the global leader in financial digital transformation, announced that Huntington National Bank has “launched Advisor Connect, a branded, digital experience built on InvestCloud’s Find My Advisor technology.” Huntington is “a subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $179 billion… Read More

November 30, 2022 @ 11:27 am By Omar Faridi  |  

Bread Financial Holdings, Inc. (NYSE: BFH), a “tech-forward” financial services company that provides simple, flexible payment, lending and saving solutions, announced a new relationship with Versatile Credit Inc., a provider of innovative solutions “linking bank lenders with consumers applying for credit in retail stores.” Through… Read More

November 29, 2022 @ 7:32 pm By Omar Faridi  |  

FinTech Australia has appointed Rachel Hopping as “its first Head of Strategic Partnerships, joining the team from share trading and superannuation Fintech Superhero.” The new role will primarily “engage with FinTech Australia’s 400 corporate partners, which include Visa, Mastercard and AWS.” Starting in 2019, the… Read More

November 29, 2022 @ 5:07 pm By Omar Faridi  |  

The payment fraud market faces “a number of challenges which makes it uniquely suited to the wide-scale deployment of fraud prevention systems,” according to an update from Juniper Research. The update from Juniper Research notes that one major feature that AI systems possess is “the… Read More

November 28, 2022 @ 11:01 pm By Omar Faridi  |  

Checkout.com releases the second phase of its Digital Transformation in MENA 2022 report. Following the launch of part one last month – which included insights from 15,000 consumers in the region – the next chapter “interviews businesses and their leaders at the forefront of the… Read More

November 28, 2022 @ 10:17 pm By Omar Faridi  |  

ABA Bank, which claims to be Cambodia’s leading financial institution, has become the first bank in the country “to launch instant card issuance kiosks using Compass Plus Technologies solutions.” This new service “enables the issuance of international debit cards (Visa, Mastercard, and UnionPay) and local… Read More

November 28, 2022 @ 7:35 am By Omar Faridi  |  

Darksquare, which aims to open up the world of alternative investments to individuals, has secured 98% (£197,350) of its £200,002 fundraising target from 82 investors (at the time of writing) with 23 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in… Read More

November 27, 2022 @ 7:27 pm By Omar Faridi  |  

Infineon Technologies AG and Fingerprint Cards AB announced the signing of a joint development and commercialization agreement of a plug-and-play turnkey solution for “a biometric payment smart card.” The goal of the cooperation is “to make biometric smart card production as simple and easy as… Read More

November 27, 2022 @ 6:11 pm By Omar Faridi  |  

Inflation and uncertain economic times are “keeping many Gen Zers at home with their families,” according to an update from DailyPay. Around 54% of 18-25-year-olds have “made the choice to live with their parents given the current economic climate,” according to a new study of… Read More

November 26, 2022 @ 6:31 pm By Omar Faridi  |  

QUANTIFEED, the provider of digital wealth management solutions, announces that it has acquired ALPIMA, a London-based portfolio construction, visualisation, and analytics fintech company. Alex Ypsilanti, Co-Founder and CEO of Quantifeed, said: “We are very excited about bringing together two hugely talented teams of financial engineers… Read More

November 25, 2022 @ 10:51 am By Omar Faridi  |  

ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, announced that it has “reached profitability.” ClearBank Ltd. has “generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.” The fintech bank “has nearly tripled… Read More