Tagged: financial services

August 10, 2022 @ 8:36 am By Omar Faridi  |  

Paysend, the UK-based Fintech with over 7 million customers, recently announced that 50 new receiving countries have been “introduced to its global payments network since the start of 2022.” These additional payments corridors “mean that Paysend customers can now send money to over 170 countries… Read More

August 10, 2022 @ 8:27 am By Omar Faridi  |  

The team at UK’s Atom Bank reveals that they’ve become a Registered Firm with the Lending Standards Board, a body “dedicated to upholding fair practices in the lending industry.” Head of Business Lending at Atom Bank, Tom Renwick, has provided more details and “explains what… Read More

August 9, 2022 @ 9:35 pm By Omar Faridi  |  

Neobanks are starting to really shake up the Fintech sector with their latest technologies and  business models. Sometimes called “challenger banks,” neobanks are basically Fintechs that provide financial services in an all-digital environment and/or through a mobile app, without needing physical branch locations. During the… Read More

August 9, 2022 @ 8:38 am By Omar Faridi  |  

CIBC (TSX: CM) (NYSE: CM) recently entered a data access agreement with MX in order to improve the CIBC client experience via secure data sharing, offering customers a safe and intuitive way to share their financial details. The partnership with MX is indicative of CIBC’s… Read More

August 8, 2022 @ 11:58 pm By Omar Faridi  |  

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

August 8, 2022 @ 8:58 am By Omar Faridi  |  

In Q2 2022, Fintech companies globally “raised $24.1 billion in venture capital (VC) across 1,103 deals, representing a 17.8% decrease in quarter-over-quarter deal value,” according to a report from Pitchbook. This is “the largest percentage drop in deal value since Q3 2018,” the team at… Read More

August 7, 2022 @ 10:22 pm By Omar Faridi  |  

BigPay, a Capital A venture firm, recently revealed that it has added 38 new countries to its global remittance services network. This reportedly includes England, Northern Ireland, Scotland, and Wales in the UK, and 34 nations across Europe, including France, Germany, Italy, Belgium, and Spain…. Read More

August 7, 2022 @ 9:27 pm By Omar Faridi  |  

SC Ventures recently revealed that it has introduced Appro, which is a Fintech that digitizes and enhances the retail banking customer experience. Supported by SC Ventures, Standard Chartered’s Fintech investment and ventures unit, the “bank-agnostic” platform intends to signifiantly reduce the time taken to finalize… Read More

August 7, 2022 @ 8:25 pm By Omar Faridi  |  

The Consumer Credit Oversight Board Task Force in Malaysia recently shared the Consumer Credit Act consultation document, which is the new act that aims to properly regulate and consolidate all consumer credit activities under its unit, and to also support “fair” lending and “responsible” conduct… Read More

August 6, 2022 @ 8:43 pm By Omar Faridi  |  

Roxe, a blockchain infrastructure company powering the next generation of payments and digital commerce solutions, has announced a partnership with the Philippines’ micro financial services provider, Cebuana Lhuillier. The partnership will “facilitate seamless cross-border remittance payments for clients in the Philippines by utilizing Cebuana Lhuillier’s… Read More

August 6, 2022 @ 4:17 pm By Omar Faridi  |  

Zebra Technologies (NASDAQ: ZBRA), an innovator at the “front line” of business with solutions and partners that deliver a “performance edge,” recently announced that First Tech Federal Credit Union has selected Reflexis for Banking “to increase staff effectiveness and productivity and to elevate customer service.” First… Read More

August 6, 2022 @ 1:48 pm By Omar Faridi  |  

Fintech firm Plaid recently announced that financial services industry veteran Meghan Welch has joined as the firm’s very first Chief People Officer. Plaid has “grown to 1,200+ employees to support the mainstreaming of fintech.” Meghan’s over 20 years of professional experience at Capital One, “most… Read More

August 5, 2022 @ 5:08 pm By Omar Faridi  |  

ZEBEDEE, which claims to be the leading Fintech and next-gen payment processor for the gaming industry, announced the launch of an integration allowing any business “to implement ‘Log in with ZBD’ and instantly grant users the ability to move money to and from different online… Read More

August 5, 2022 @ 11:10 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, recently announced its ability “to increase its app releases by 300%, thanks to its ongoing work with mobile devops company Bitrise.” Since 2019, Affirm has been “working with Bitrise to automate… Read More

August 5, 2022 @ 6:17 am By Omar Faridi  |  

Pakistan-based Fintech firm OneLoad, which aims to serve micro-retailers, has secured $11 million in order to support a growth phase as it focuses on tapping one of the world’s largest unbanked/underbanked nations. The recent investment round has been led by Sarmayacar and Shorooq Partners, along… Read More

August 4, 2022 @ 10:41 pm By Omar Faridi  |  

Stackwell, the digital investment platform created to address the racial wealth gap, recently announced the closing of a $3.5 million seed funding round that will “accelerate the company’s launch plan, allowing it to rapidly reach key product development and go-to-market milestones, as well as support… Read More

August 4, 2022 @ 10:07 pm By Omar Faridi  |  

New announcements mark another benchmark underscoring Compliance.ai‘s leadership in providing RCM solutions “for the banking, financial services and insurance industries.” The company has “secured $6 million of funding with existing investor Cota Capital and new investment partner JAM FINTOP to support market growth.” John Philpott,… Read More

August 4, 2022 @ 10:58 am By Omar Faridi  |  

Fintech Automation (FTA) announces it has been “selected as one of the technology partners for open banking within Mastercard’s Engage partner network.” The Engage program has “developed a network to provide businesses easy access to technology partners that can quickly build and deploy open banking… Read More

August 3, 2022 @ 8:29 pm By Omar Faridi  |  

Savana, a financial software for banks and fintechs, announced the closing of a $45 million Series A round led by Georgian, a growth-stage investor based in Toronto, Canada. The funds will be “used to drive continued growth of Savana’s core-agnostic Digital Delivery Platform, ramp up… Read More

August 3, 2022 @ 7:12 pm By Omar Faridi  |  

American Express (NYSE: AXP), the Small Business Card issuer in the U.S., has announced American Express Global Pay – a digital solution that enables U.S. businesses to securely “make domestic and international business-to-business (B2B) payments.” Through this new digital solution, business customers can “send payments… Read More