Tagged: financial services

October 27, 2022 @ 6:15 pm By Omar Faridi  |  

First Pryority Bank, a member FDIC bank, and Teslar Software announced their partnership “to expedite and streamline processes across the bank’s loan department.” The Pryor Creek, Okla.-based bank has “grown substantially over the past three years and will leverage Teslar’s lending automation software to help… Read More

October 27, 2022 @ 8:35 am By Omar Faridi  |  

Tymit CEO, Martin Magnone, recently commented on the announcement of the Fintech firm’s series A funding round. Martin Magnone noted that when his brother, Nicolas Magnone Ballefin and he founded Tymit, they had “a simple vision in mind: [they] wanted to create a credit card… Read More

October 26, 2022 @ 11:32 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, announced that it is launching in the United States. Founded in London in 2016, YuLife claims it “achieved rapid traction in the UK insurance market through its flagship product, group life insurance.” The… Read More

October 26, 2022 @ 10:34 pm By Omar Faridi  |  

Capco, a Wipro company and global technology and management consultancy, and Plaid, an industry leader powering the digital financial ecosystem, announced a new alliance. The alliance will “combine Plaid’s leading open finance solutions with Capco’s domain and data analytics expertise to help financial institutions unlock… Read More

October 26, 2022 @ 10:07 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced the launch of its standalone person-to-person (P2P) payments solution. Powered by the Payrailz® Digital Payments Platform, which Jack Henry acquired September 1, 2022, the P2P solution is now “available for standalone implementation or as a strategic component of the full… Read More

October 26, 2022 @ 9:40 pm By Omar Faridi  |  

ConnexPay, which claims tobe the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, announced a $110 million growth equity investment “led by FTV Capital, a sector-focused growth equity investor with more than two decades of experience in… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 25, 2022 @ 10:58 pm By Omar Faridi  |  

Finastra recently announced that Delta National Bank & Trust Company has selected Fusion Essence and Fusion Payments To Go “as its new retail core banking and payments solutions to modernize its digital banking infrastructure.” The move will also “support better customer experiences for its international… Read More

October 25, 2022 @ 12:37 pm By Omar Faridi  |  

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, announced “the launch of Banking-as-a-Service for their global clients.” Traditional commercial banks in the recent past have been “facing increasing competition from various quarters such as neo banks, fintechs… Read More

October 24, 2022 @ 10:42 pm By Omar Faridi  |  

Kenzz, the “mass” e-commerce solution bringing reliable online shopping to the mass market in Egypt and MENA, recently announced that it has completed a $3.5 million seed fund raise. The investment round was “led by Outliers Venture Capital – a venture capital fund backing early-stage… Read More

October 24, 2022 @ 7:09 pm By Omar Faridi  |  

Open Banking Expo, the global community of Open Banking and Open Finance executives responsible for digital transformation across financial services and beyond, has partnered with American Express in order “to launch the world’s first Women in Open Banking.” The new industry initiative is “aimed at… Read More

October 24, 2022 @ 7:08 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced an expansion of its existing relationship with Mastercard that will “enable credit unions and banks to provide their accountholders the ability to securely see all of their financial accounts – within and outside their primary financial institution – in one… Read More

October 24, 2022 @ 3:58 pm By Omar Faridi  |  

Achieve, which claims to be the leader in digital personal finance, recently announced that it has raised a new debt facility “totaling $225 million with participation from O’Connor Capital Solutions, the private credit unit of UBS O’Connor LLC, and others, including a multi-trillion dollar asset… Read More

October 23, 2022 @ 10:37 pm By Omar Faridi  |  

Cashfree Payments, which claims to be one of India’s leading payments and API banking solutions companies, announced the launch of Card Issuance Stack with their new solution ‘Issuance’ “to enable businesses such as fintechs and platforms to launch prepaid cards and wallets for their customers,… Read More

October 23, 2022 @ 8:17 pm By Omar Faridi  |  

Zolve, a global neobank providing cross-border financial services, recently announced the appointment of Kin Chung to its leadership team in the United States. Chung, Zolve’s new Head of Credit and Risk, comes with “a wealth of experience in the financial domain through several key leadership… Read More

October 23, 2022 @ 3:39 pm By Omar Faridi  |  

Banyan, the network for SKU data, recently announced it has raised a $43 million Series A round led by Fin Capital and M13. The funds from the investment round will “accelerate Banyan’s technology and infrastructure growth to benefit merchants, hotels, banks and fintechs.” The Banyan… Read More

October 23, 2022 @ 12:33 pm By Omar Faridi  |  

Enfuce, the “pioneering” issuer processing platform, has announced the launch of its dynamic spend management tool Authorization Control, which “empowers companies of any size, in any sector, to set transaction and spending controls for any card in real time.” Combined with Enfuce’s turnkey Card as… Read More

October 22, 2022 @ 3:35 pm By Omar Faridi  |  

Global Fintech Capital on Tap has secured a $110 million corporate revolving credit facility with Atalaya Capital Management “to provide small businesses in the US and UK with a central hub to manage all aspects of their business finances.” Since launching in 2012, Capital on… Read More

October 22, 2022 @ 2:49 pm By Omar Faridi  |  

UK-based challenger bank Atom has appointed Andrew Marshall as the company’s chief financial officer. He will be replacing Atom co-founder David McCarthy whose departure was first reported  in September of this year. Marshall has reportedly worked at Atom for the past six years, holding several… Read More

October 21, 2022 @ 8:07 pm By Omar Faridi  |  

Plaid has launched a new data privacy product – Permissions Manager – which enables their financial services partners “to help put consumers in control of their own data from initial account connections to ongoing connection management.” Plaid’s consumer research has shown that today people “generally… Read More