Tagged: financial services

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

August 3, 2022 @ 4:39 pm By Omar Faridi  |  

Parafin, a Fintech firm that’s being led by ex- Robinhood Markets Inc. professionals, has acquired $60 million in funding as part of its second investment round. Established in 2020 by Ralph Furman, Sahill Poddar, and Vineet Goel, Parafin works cooperatively with firms like DoorDash Inc…. Read More

August 3, 2022 @ 12:39 pm By Omar Faridi  |  

Novo, the financial platform for small businesses, recently announced that the company has launched Express ACH, a service that will “allow all of Novo’s small business customers to process same-day ACH payments.” Novo CEO Michael Rangel said: “At Novo, we’re focused on giving small businesses… Read More

August 3, 2022 @ 8:42 am By Omar Faridi  |  

Agile Financial Systems (AFS), a financial technology company specializing in payment processing, announced that it has teamed up with LendingPoint, an AI-driven CreditTech financial platform, “to offer merchants consumer lending and unsecured personal loans online and at the point of sale.” By enabling merchants to… Read More

August 2, 2022 @ 11:32 pm By Omar Faridi  |  

Penfold, the digital pension “disrupting” the broken £8 trillion UK pension industry, has raised 194% (£1,945,413) of its £1,000,000 target (at the time of writing) from 942 investors through its crowdfunding campaign carried out via Crowdcube (with just 1 day left in the sale). Backed… Read More

August 2, 2022 @ 11:46 am By Omar Faridi  |  

In yet another initiative with the goal of transforming consumers’ financial lives via education, Brazil’s C6 Bank is promoting the second edition of the Financial Expedition, a project that takes free workshops “to communities in small municipalities.” This edition takes place between the 9th and… Read More

August 1, 2022 @ 11:17 pm By Omar Faridi  |  

Finance Secretary (in the Philippines) Benjamin Diokno recently noted that the government will be focused on accelerating the rollout of the Philippine Identification System (PhilSys ID) in order to further expand public access to financial products/services while achieving “e-governance.” Former President Rodrigo Duterte had reportedly… Read More

August 1, 2022 @ 8:27 pm By Omar Faridi  |  

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer. Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable… Read More

August 1, 2022 @ 7:59 pm By Omar Faridi  |  

Fortis, a payment and commerce technology provider for software providers, marketplaces and scaling businesses, recently announced its partnership with Everyware “opening integrated payment acceptance across platforms.” The partnership will “automate enrollment, provide faster cash collection and seamless commerce through various channels.” Fortis’ clients will benefit from… Read More

July 31, 2022 @ 9:17 pm By Omar Faridi  |  

Ageras Group—whose suite of financial and accounting software powers more than one million small businesses across Europe and North America—announced that it has acquired Kontist, a Berlin-based neo-bank “focused on the complex accounting and banking needs of Germany’s growing populations of microbusinesses and self-employed workers.”… Read More

July 31, 2022 @ 7:21 pm By Omar Faridi  |  

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Atome, which claims to be Asia’s leading Buy Now Pay Later (BNPL) brand, to “enable flexible deferred payment acceptance during checkout at online and offline RMS merchants.” Starbucks is among the first… Read More

July 31, 2022 @ 7:01 pm By Omar Faridi  |  

The International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) recently exchanged a Memorandum of Understanding (MOU) on supervisory cooperation “in the presence of the Honorable Prime Minister of India Shri. Narendra Modi at GIFT City, Gandhinagar, India.” The MOU provides… Read More

July 31, 2022 @ 6:25 pm By Omar Faridi  |  

Jumio, which claims to be the leading provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, recently announced the “highest sales” of any quarter in the history of the company, “fueled by an ongoing need for modern enterprises across all industries and geographies to… Read More

July 30, 2022 @ 4:28 pm By Omar Faridi  |  

Fintech startup Lightyear, which launched in the UK in 2021 and in 19 European countries in July 2022, has “expanded its product suite with the launch of Price Alerts, a highly requested feature by customers.” Lightyear, founded by early Wise alumni Martin Sokk and Mihkel… Read More

July 30, 2022 @ 12:37 pm By Omar Faridi  |  

B9 Inc, a payroll solution platform, aimed at supporting creditworthiness via employment data and economic behavior, announced a $2.6 million round that has been led by Sky Light Invest along with contributions from Fintech investors Mbanq and the founders of Wrike, a project management app…. Read More

July 29, 2022 @ 9:06 pm By Omar Faridi  |  

Dbank, a Pakistan-based Fintech company established by two ex- Google professionals, has acquired $17.6 million via a seed round that has been co-led by Sequoia Southeast Asia and Kleiner Perkins. Brazil’s virtual banking platform Nubank, RTP Global, Rayn and business partner Askari Bank also took… Read More

July 28, 2022 @ 11:47 pm By Omar Faridi  |  

Temenos (SIX: TEMN) and Wipro Limited (NYSE: WIT) announced an expanded partnership “to help banks of every size accelerate their modernization journey.” This expanded partnership will “enable banks across varying scales to accelerate their go-to market strategies in regions including the United States, the U.K… Read More