Tagged: financial services

October 6, 2022 @ 8:08 am By Omar Faridi  |  

SWIFT has reportedly shown that Central Bank Digital Currencies (CBDCs) and tokenized assets can “move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth integration into the international financial ecosystem.” The findings, from two separate experiments, “solve the significant challenge of… Read More

October 5, 2022 @ 11:40 pm By Omar Faridi  |  

Rapid Finance, which claims to be a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced its acquisition of digital lending platform provider, Thrive, at American Banker’s Small Business Banking conference. As part of… Read More

October 5, 2022 @ 9:57 pm By Omar Faridi  |  

PayQuicker, which claims to be an innovative financial technology leader in the global payouts market, announced a new customer, Verily, a precision health company “committed to generating and applying evidence to change the way healthcare is delivered.” Verily, an Alphabet Inc. company launched from Google… Read More

October 5, 2022 @ 3:08 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s largest digital assets financial services ecosystems, has announced the securing of $50 million of insurance coverage for digital assets held “in cold storage with Cactus Custody, its institutional custodian.” In addition to enjoying additional insurance coverage,… Read More

October 5, 2022 @ 8:01 am By Omar Faridi  |  

Ebury, a global fintech, is pleased to announce that it has become a member of Amazon’s Payment Service Provider Program “meaning that sellers using Amazon sites can continue to collect payments in different regions and currencies through Ebury’s platform.” The Program was “introduced by Amazon… Read More

October 4, 2022 @ 10:52 pm By Omar Faridi  |  

Inswitch, a Fintech technology company with a focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered “to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC.” Inswitch will “start issuing cards as a Mastercard… Read More

October 4, 2022 @ 9:51 pm By Omar Faridi  |  

Societe Generale – one of Europe’s leading financial services groups, which supports its clients in their environmental and energy transition by providing responsible and innovative financing solutions – and Altalurra Ventures – a fund investing in technological start-ups with an positive impact – “are investing… Read More

October 4, 2022 @ 9:47 pm By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has implemented a comprehensive credit card program with Studio Bank in order “to provide innovative payment solutions.” Pioneered in Nashville, Studio Bank built a digital bank “with a local presence – their model is… Read More

October 4, 2022 @ 8:00 am By Omar Faridi  |  

  Finastra revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry “has made around open finance and collaboration, despite the challenging market conditions of the last few years.” The research takes in… Read More

October 3, 2022 @ 10:49 pm By Omar Faridi  |  

Savana, which claims to be one of the industry leaders in financial software for banks and Fintechs, announced that Battle Financial, Inc., building the proposed Eagle County Colorado-based Battle Bank, has selected Savana “as the digital delivery platform to orchestrate its technology ecosystem and automate… Read More

October 3, 2022 @ 9:41 pm By Omar Faridi  |  

The government in Australia has noted that it would be issuing a formal response to a report advising banking institutions in the country of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. This, after… Read More

October 2, 2022 @ 5:46 pm By Omar Faridi  |  

NdcTech, a global IT and consulting company providing transformational services for Banks and financial institutions has announced a collaboration with Red Hat, which claims to be the leading provider of enterprise open source solutions, “to deliver solutions based on cloud-native, open-source technologies in support of… Read More

October 2, 2022 @ 1:36 pm By Omar Faridi  |  

Joompay, a pan-European fintech start-up, celebrates the milestone of 250,000 accounts. Users can open an account online in “a manner of minutes, get a Visa payment card and immediately start saving on their purchases with select merchants, such as Joom Marketplace.” Joompay sees that among… Read More

October 1, 2022 @ 4:55 pm By Omar Faridi  |  

HPS, the global provider of payment solutions and services, announced it has obtained a principal membership license from Visa, the world leader in digital payments, which will enable HPS’ clients “to join the global Visa payments network.” In addition to HPS’ full processing capabilities, HPS… Read More

October 1, 2022 @ 1:41 pm By Omar Faridi  |  

Treasury Prime, a Banking-as-a-Service (BaaS) company, announced a partnership with Bangor Savings Bank in order to deliver its BaaS offerings to the bank and companies it partners “within the financial services industry.” By partnering with Treasury Prime, Bangor Savings Bank will “be able to work… Read More

October 1, 2022 @ 11:27 am By Omar Faridi  |  

Bank of Ireland Group has apologized to customers for “a wide range of failures in relation to the tracker mortgage issue.” This includes “an apology for the failures which led to customer harm and detriment, and for the length of time it took to recognize… Read More

September 29, 2022 @ 7:57 pm By Omar Faridi  |  

Quaint Oak Bank and Teslar Software announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will “leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.” William Gonzalez,… Read More

September 29, 2022 @ 12:19 pm By Omar Faridi  |  

Liberis, a global embedded business finance platform,  announced that they have secured £140m in financing from Barclays Bank PLC and BCI Finance in order “to help secure its global partner expansion and growth plans for the next two years.” This brings Liberis’ total funds raised… Read More

September 28, 2022 @ 7:02 pm By Omar Faridi  |  

LevelField Financial, which claims to be the premier U.S. financial services firm, uniting digital assets and traditional banking services in one “trusted” platform, announced the selection of Cryptoquote, a provider of highly available data, analytics, and research tools, “to deliver LevelField customers industry-leading, real-time digital… Read More

September 27, 2022 @ 9:10 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More