Tagged: financial services

August 27, 2022 @ 7:17 pm By Omar Faridi  |  

SubsBase, which claims to be the first and only subscription and recurring revenue management platform catering to the MENA region, announced it “has successfully closed its seed round at $2.4 million.” The investment round was “led by Global Ventures, a leading MEA-focused venture capital firm.”… Read More

August 27, 2022 @ 4:03 pm By Omar Faridi  |  

Ecobank Group has introduced the fifth edition of the Ecobank Fintech Challenge and encourages Fintech entrepreneurs to enter the competition. Fintechs that are “aligned with the Bank’s strategic objectives stand a chance to win an overall cash prize of US$50,000 for the top winner and… Read More

August 26, 2022 @ 7:11 pm By Omar Faridi  |  

Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM in order “to replace its legacy core systems with Temenos open platform for composable banking.” Part of the IBM Ecosystem, Temenos and IBM have successfully “teamed for… Read More

August 26, 2022 @ 4:56 pm By Omar Faridi  |  

Visa (NYSE: V) announced that the company has now issued more than 4 billion network tokens worldwide “through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help secure digital payments and further accelerate ecommerce innovation and acceptance.” This milestone, which… Read More

August 26, 2022 @ 3:50 pm By Omar Faridi  |  

GiveCard, a nonprofit organization that uses financial technology to power direct giving to the most vulnerable communities, has partnered with Highnote, which claims to be the world’s most modern card issuance platform, “to launch a new prepaid debit card program.” This enables shelters, non-profits, and… Read More

August 26, 2022 @ 12:47 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced the development of Jack Henry Financial Crimes Defender, the company’s financial crimes platform. The platform, planned to launch in early 2023, will aim to “deliver community and regional financial institutions the enhanced capabilities they need, including AI/ML, to gain visibility into… Read More

August 25, 2022 @ 10:43 pm By Omar Faridi  |  

Research released by specialized payments platform Paysafe (NYSE: PSFE) reveals how retailers “may be missing out by not accepting payments in crypto.” A significant 80% of crypto owners “want to pay for goods with their crypto balances but are held back by a lack of… Read More

August 25, 2022 @ 9:21 pm By Omar Faridi  |  

valU, MENA’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that it “acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of… Read More

August 24, 2022 @ 11:34 am By Omar Faridi  |  

In a recent interview, Michael Shaulov, Co-founder & CEO of Fireblocks– a digital asset and crypto technology provider – offered his insights into what’s happening now with DeFi, banking, and Web3. Fireblocks, which claims to be the #1 provider of digital asset and crypto custody… Read More

August 23, 2022 @ 10:47 pm By Omar Faridi  |  

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More

August 23, 2022 @ 10:31 pm By Omar Faridi  |  

First Federal Bank of Kansas City released a refreshed, innovative online and mobile banking platform powered by Narmi, an enterprise digital banking provider. Together they “enhanced the end-to-end digital experience from online account opening through online and mobile banking for First Federal’s 25,000 consumer and… Read More

August 23, 2022 @ 7:37 pm By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced a $15.5 million Series C extension, “led in the United States by Fidelity Information Services, LLC (NYSE: FIS) and internationally by Westpac Banking Corporation, with participation from BankSouth.” This brings the… Read More

August 23, 2022 @ 11:02 am By Omar Faridi  |  

We recently caught up with Huw Davies, Chief Commercial Officer, Ozone API, which has been involved in the development of Open Banking from the very beginning. Ozone API started by developing the sandbox and reference implementation for the UK Open Banking Implementation Entity (OBIE) –… Read More

August 23, 2022 @ 8:37 am By Omar Faridi  |  

Beginning on August 22, 2022, everyone in the United Kingdom can reportedly use Atlantic Money in order to transfer from Euro to 9 different currencies across the globe. This means in addition to international transfers from British Pounds, customers can also transfer Euros – “for… Read More

August 23, 2022 @ 6:34 am By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), a key player in automating, digitizing and transforming the way people bank and shop, announced that Joe Myers has joined the company ‘as executive vice president, Global Banking.” Myers will report directly to Chief Executive Officer Octavio Marquez and will “lead… Read More

August 22, 2022 @ 11:14 pm By Omar Faridi  |  

honeygrow, the Philadelphia-based fast-casual concept, is joining forces with DailyPay – which claims to be the leader in on-demand pay. Through this partnership, honeygrow’s restaurant employees can now “access their earned pay after completing a shift.” Ultimately, DailyPay‘s benefit “allows employees to access their pay… Read More

August 22, 2022 @ 10:57 pm By Omar Faridi  |  

If you’re eligible for Deel Advance, then you may be able to access your paycheck early “with no credit checks, interest rates, or applications regardless of your location,” according to an update from Fintech firm Deel. They claim to have heard “countless” stories of people… Read More

August 22, 2022 @ 9:57 pm By Omar Faridi  |  

Neobank Chime is pleased to announce the promotion of several of its executive leadership team members “in the areas of people, customer experience, and technology.” The following leaders will now be officers of the company. Their promotions “are evidence of their contributions and impactful work… Read More

August 22, 2022 @ 9:29 pm By Omar Faridi  |  

It would be an understatement to say that the past couple years have been disruptive for businesses, the Razorpay team noted in a blog post. The pandemic led to major changes in consumer behavior and businesses had to adapt to the new environment and “new… Read More

August 22, 2022 @ 11:00 am By Omar Faridi  |  

Prometeo Open Banking, which claims to be the leading Latin American Open Banking platform, announced the launch of the first Account to Account (A2A) payments solution in Latin American markets. As noted in an update shared with Crowdfund Insider, Prometeo‘s new payment service “provides a… Read More