Tagged: financial services

October 17, 2022 @ 10:57 pm By Omar Faridi  |  

Financial institutions are spending millions of dollars every year inefficiently onboarding and maintaining clients, according to research from Fenergo, the provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions. A global study of over 1,000 C-level executives across… Read More

October 17, 2022 @ 10:21 pm By Omar Faridi  |  

Just in time for seasonal holiday hiring, DailyPay, the provider of on-demand pay, announced the launch of a new function within its platform. With hourly shift workers in mind, the new ‘Shifts Worked’ tab “helps users understand how much they’ve earned for each individual shift,… Read More

October 17, 2022 @ 9:12 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that Ms. Gillian Tan will be appointed Chief Sustainability Officer “from 17 October 2022, in addition to her current role as Assistant Managing Director (Development & International).” MAS’ current Chief Sustainability Officer, Dr. Darian McBain, will “leave MAS… Read More

October 17, 2022 @ 6:23 pm By Omar Faridi  |  

Wealth management service provider Addepar has highlighted an important evolution for Addepar’s Salesforce integration, announced updates to their analysis tool, shared the latest investor sentiment derived from U.S. equity captured on the Addepar platform, and also provided additional resources for navigating the current market conditions…. Read More

October 17, 2022 @ 4:58 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is expanding its commitment to small and medium enterprises (SMEs) with a new program in its global startup engagement program, Start Path, “specifically tailored to companies supporting the digital needs of SMEs.” The startups that will be selected for the Start Path… Read More

October 17, 2022 @ 12:19 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that the purchase of airline tickets has always been one of the main destinations given to the points accumulated by customers registered in bank and credit card loyalty programs. But other ways of using these miles are “starting to become popular.”… Read More

October 17, 2022 @ 7:32 am By Omar Faridi  |  

Dubai-based financial services platform Five FS has officially launched in the United Arab Emirates (UAE) and Saudi Arabia and also secured $3.5 million in seed funding. Five FS’ investment round was reportedly led by Romanian VC firm Zeyshare Ventures “at a $30 million valuation.” As… Read More

October 16, 2022 @ 2:13 pm By Omar Faridi  |  

Northstar, the financial wellness benefit for employees, announced it has raised $24.4 million in new funding “led by GGV Capital and joined by new investors PayPal Ventures, Thomson Reuters Ventures, and Canvas Ventures.” Existing investors in the investment round included M13, Workday Ventures, Parade Ventures,… Read More

October 15, 2022 @ 3:36 pm By Omar Faridi  |  

Erica, which is described as the “most advanced” and “first” widely available virtual financial assistant, has surpassed 1 billion interactions with Bank of America (NYSE: BAC) clients. The technology, powered by artificial intelligence (AI), officially “launched in 2018 and has since helped nearly 32 million… Read More

October 14, 2022 @ 5:19 pm By Omar Faridi  |  

Profile Software, a financial solutions provider, has announced that UBCI (Union Bancaire pour le Commerce et I’Industrie) has selected Acumen.plus, the internationally implemented Treasury Management solution, “to effectively cover the entire spectrum of treasury and streamline their operations in the most efficient way.” The solution,… Read More

October 14, 2022 @ 1:35 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, recently announced that funds and accounts advised by T. Rowe Price Associates, Inc. have joined as investors in the company, “having participated in YuLife’s recent Series C funding round.” The investment, along with… Read More

October 14, 2022 @ 1:07 pm By Omar Faridi  |  

Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), recently announced the launch of Icertis Contract Intelligence (ICI) for Banking and Financial Services. The CLM solution is “packaged with out-of-the-box functionality that includes a range of contract… Read More

October 14, 2022 @ 9:00 am By Omar Faridi  |  

NorthOne recently announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne claims it is poised “to further expand the reach of its business banking and financial management platform across all sectors of the small business community.”… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 13, 2022 @ 8:21 am By Omar Faridi  |  

GoHenry, the UK-headquartered provider of a pre-paid debit card and financial education app for kids, has secured $55 million in capital in order to fund its move into new markets. GoHenry has raised growth capital on a crowdfunding platform, pursuing multiple funding rounds on Crowdcube,… Read More

October 13, 2022 @ 8:14 am By Omar Faridi  |  

The Digital Pound Foundation is pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has “grown to become the leading provider of embedded payments to businesses across the UK and Europe.” Authorized by the… Read More

October 12, 2022 @ 10:24 pm By Omar Faridi  |  

ICICI Bank recently announced the launch of an online solution “to help its customers carry out SWIFT based inward remittances in a faster and hassle-free manner.” Named, ‘Smart Wire’, the facility allows both NRIs and resident customers “to undertake inward remittance transactions in an online… Read More

October 12, 2022 @ 10:16 pm By Omar Faridi  |  

During times of unprecedented inflation in the Eurozone, bunq, which claims to be the second largest neobank in the EU, has observed a cross-country trend of younger European consumers being severely impacted by the ongoing cost-of-living crisis. The neobank’s clients in different European Union nations… Read More

October 12, 2022 @ 10:07 pm By Omar Faridi  |  

Most of us might be spending around half of our lives at our workplaces, the team at Razorpay notes in a recent update. Razorpay points out that it might be better if our workplaces are “not just spaces that enhance professional growth, are fulfilling and… Read More

October 12, 2022 @ 9:23 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd, a Technology-as-a-Service provider for financial institutions, announced the official launch of its regional operations in Abu Dhabi Global Market (ADGM), the international financial center of the capital of the UAE. OneConnect’s addition to the ADGM family will “further support the… Read More