Tagged: financial services

September 26, 2022 @ 10:45 am By Omar Faridi  |  

Three quarters of young adults (76%) plan “to make major sacrifices or put life events on hold due to the cost of living crisis,” according to a survey by Starling Bank. The research, which questioned 2,000 UK adults, compared age groups and asked about stresses… Read More

September 26, 2022 @ 8:23 am By Omar Faridi  |  

Revolut, the global financial super app with more than 20 million customers worldwide,  announced that it has “expanded its crypto offering to launch 29 new tokens for US* users, via a new partnership with Apex Crypto.” Customers can now “buy and sell a total of… Read More

September 25, 2022 @ 2:51 pm By Omar Faridi  |  

Forter, the Trust Platform for digital commerce, announced the appointment of Eran Vanounou as chief technology officer (CTO) “to lead the company’s next stage of product development and innovation.” In this role, Eran will “oversee Forter’s data, precision and engineering teams.” Vanounou’s appointment further “deepens… Read More

September 25, 2022 @ 2:30 pm By Omar Faridi  |  

SpendMend, a  provider of solutions to optimize the cost-cycle for the healthcare industry, announced they have closed on a round of strategic investments from Spectrum Health Ventures as well as Memorial Hermann Health System. The new venture activity “follows closely in the wake of the… Read More

September 24, 2022 @ 6:38 pm By Omar Faridi  |  

ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, announced its integration with Fondy, a one-stop payment platform, “to provide ecommerce companies with an efficient, easy-to-implement shop payment solution.” This solution will “allow companies to manage and control their money flow… Read More

September 24, 2022 @ 12:22 pm By Omar Faridi  |  

Trade Ledger, the data-driven lending technology provider, has partnered with Thought Machine, the cloud-native banking technology company and developer of core banking engine Vault Core, “to provide a fully integrated technology stack for commercial lenders and banks.” API-driven data exchange between the two companies will… Read More

September 23, 2022 @ 7:17 pm By Omar Faridi  |  

Calypso Pay, an all-in-one crypto processing & acquiring platform, implemented support for recurring payments and subscriptions in crypto. Now Calypso Pay customers can “integrate subscription payment widgets on their website.” Zuora’s Subscription Economy Index report reveals that “the subscription economy grew by more than 435%… Read More

September 23, 2022 @ 6:11 pm By Omar Faridi  |  

Stackwell, the digital investment platform created to eliminate the racial wealth gap,  announced the release of its first product, a robo-investing app, which is currently “available for download in the App Store.” Designed for the Black community, the app focuses on “promoting accessibility, education, and… Read More

September 23, 2022 @ 5:40 pm By Omar Faridi  |  

AccessFintech, the Fintech company evolving the capital markets operating model through data and workflow collaboration, announced the completion of its $60 million Series C funding round, led by WestCap. As the lead investor, WestCap claims that it “brings deep experience building and scaling transformational software… Read More

September 23, 2022 @ 3:11 pm By Omar Faridi  |  

Bambu, a global wealth technology provider, announced the launch of their Wealth Management Predictive Planning solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales. The service will “enable Relationship Managers (RMs), Financial Advisors, Agents and firms in the financial sector to identify… Read More

September 23, 2022 @ 8:27 am By Omar Faridi  |  

Finastra and Visa ( NYSE: V) announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access “to more than two billion accounts through push to account offerings.” The new capability… Read More

September 22, 2022 @ 9:13 pm By Omar Faridi  |  

ACA Group, the governance, risk, and compliance (GRC) advisor in financial services, announced that it has acquired Ethos ESG, a provider of environmental, social, and governance (ESG) ratings data and software “for financial advisors, asset managers, institutions, and investors.” This acquisition “marks ACA’s first analytics… Read More

September 22, 2022 @ 2:37 pm By Omar Faridi  |  

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has announced the launch of its Pay By Bank open banking solution for contact centers. It is the first in “a series of new agent-assisted, digital payment products that enable merchants… Read More

September 22, 2022 @ 10:32 am By Omar Faridi  |  

Goldman Sachs (NYSE:GS) recently announced it is expanding Transaction Banking (TxB) to the European Union. Originally launched in the US in 2020 and expanded to the UK in 2021, this growth will deepen Goldman Sachs’ relationships “with existing clients who have banking needs in the… Read More

September 22, 2022 @ 8:04 am By Omar Faridi  |  

GoCardless, a provider of direct bank payment solutions, has launched Verified Mandates in France. Part of the GoCardless global ‘bank payment’ platform, Verified Mandates “combines the Account Information Services (AIS) capabilities of open banking with bank debit to stop fraud before it happens.” This represents… Read More

September 21, 2022 @ 8:30 am By Omar Faridi  |  

Revolut has experienced a major data breach that has reportedly exposed the sensitive personal details of around 50,000 clients globally. Revolut‘s management has now informed Lithuania’s State Data Protection Inspectorate about the security breach, noting that access to its database had been obtained via advanced… Read More

September 21, 2022 @ 12:18 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the licensing of two payment financial technology companies, including: Arab Sea Financial Company and Fatoraah in order to provide Payment services for e-commerce. This brings the total number of payment companies licensed by SAMA “to 21 companies, in addition… Read More

September 20, 2022 @ 11:10 pm By Omar Faridi  |  

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority have introduced Project Dynamo, which aims “to deliver a prototype for the compliant use of decentralized finance (DeFi) tools, such as blockchain and smart contracts, to improve access to finance for unfunded… Read More

September 20, 2022 @ 7:52 am By Omar Faridi  |  

Vivian Health, an IAC (NASDAQ: IAC) company and the leading healthcare jobs marketplace serving healthcare professionals first, announced an agreement with Lume, a banking platform for healthcare workers, which “allows Vivian to leverage Lume’s technology to create new banking and financial services for the more… Read More

September 19, 2022 @ 11:00 pm By Omar Faridi  |  

Reltime AS, which claims to be “disruptive” global Web3 and Metaverse financial technology company, and Triskel Capital Ltd. have entered into a long-term strategic partnership “to change the way people and businesses in Latin America financially interact and transact.” Together with Reltime as its “next-generation”… Read More