Tagged: financial servics

November 17, 2023 @ 5:06 pm By Omar Faridi  |  

ThetaRay, a global enabler of AI-powered financial crime detection solutions, is announcing its partnership with Neema, a payments network for businesses. This collaboration marks a significant milestone in “the fight against financial crime, as it combines ThetaRay’s advanced artificial intelligence technology with Neema’s real-time payments… Read More

November 17, 2023 @ 9:24 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF (ticker: THTA). With THTA, SoFi is providing a distinct way “to generate monthly income for investors who are seeking a distinct way to do so, with… Read More

September 28, 2023 @ 10:47 pm By Omar Faridi  |  

Currencycloud, the Fintech focused on simplifying business in a multi-currency world, has more than tripled its Chinese customer growth rate across Asia-Pacific since establishing its APAC headquarters in 2021, “with its Chinese client base expanding from four to 12 organisations across the region.” As one… Read More

September 8, 2023 @ 12:14 pm By Omar Faridi  |  

Treyd, the Stockholm-headquartered Fintech that pays suppliers upfront on behalf of growing retail businesses, announces the completion of a $12 million (£9 million) extension of its March 2022 Series A funding. The extension funding brings the total investment in Treyd to $25 million (£20m). The… Read More

August 30, 2023 @ 2:52 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is announcing the launch of its alias solution, Global Digital Disbursements to its commercial clients holding deposit accounts at the bank’s branch in Canada. Global Digital Disbursements facilitates “the processing of multiple B2C payments and C2B collections where the identifier… Read More

May 14, 2023 @ 2:59 pm By Omar Faridi  |  

Rapyd has announced a partnership with Belvo, the Open Finance data and payments platform in Latin America. By combining Rapyd’s extensive global payments network with Belvo’s expertise in open banking, the partnership will “enable businesses across Latin America to deliver seamless open finance experiences to… Read More

January 25, 2023 @ 8:17 pm By Omar Faridi  |  

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

May 10, 2022 @ 11:18 pm By Omar Faridi  |  

Neo Financial is pleased to confirm that they recently secured $185 million in new funding “to continue building better, more modern financial services for all Canadians.” According to Neo Financial, this is “a historic milestone for [them,] as [they] are now one of only a… Read More

March 21, 2022 @ 11:30 pm By Omar Faridi  |  

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting “controllable risks” in the country’s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

March 17, 2022 @ 9:20 am By Omar Faridi  |  

At Razorpay, they claim to have been driven by one fundamental question: “How can we improve the payments experience for our partner businesses and their end-consumers?” Razorpay writes in a blog post that they “constantly work to find solutions within.” At times, the Indian Fintech… Read More

March 15, 2022 @ 8:35 am By Omar Faridi  |  

CaixaBank, the financial group in Spain, and BNP Paribas 3 Step IT have announced a new partnership, giving CaixaBank’s professional clients “access to innovative and sustainable IT solutions for the first time.” As noted in the update, CaixaBank will offer its clients – corporate, mid-market,… Read More

February 27, 2022 @ 3:16 pm By Omar Faridi  |  

Custodia is reportedly the first US digital asset bank that has been built on a modern core banking platform. Avanti Financial Group, Inc. recently announced their new name, Custodia Bank, Inc., as “a countdown to the launch of the first-of-its-kind digital asset bank.” Custodia Bank… Read More