Tagged: financial technology

February 5, 2020 @ 8:33 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Wednesday it has appointed its Senior Vice President, Global Sales, Marketing and Client, Chris Perry, as its new President. According to Broadridge, Perry is assuming the title of President from Broadridge’s CEO Tim Gokey, who remains CEO and… Read More

February 4, 2020 @ 8:35 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab announced on Tuesday it is set to acquire Bento Invest Pte Ltd, a Singapore-based robot-advisory startup. Grab reported that with the acquisition, Bento will be rebranded to GrabInvest, which will be a new core business vertical under Grab’s financial services arm,… Read More

February 4, 2020 @ 7:37 am By Samantha Hurst  |  

Finix, a payments infrastructure platform based in the U.S., announced on Tuesday it secured $35 million through its Series B funding round, which was led by Sequoia Capital with participation from Acrew Capital, Bain Capital Ventures, Activant Capital, and Inspired Capital. The funding round comes… Read More

February 3, 2020 @ 3:05 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Monday it has appointed Lisa Stanton to its board of directors. Trulioo reported that  Stanton is currently an executive at American Express and will help guide the identity verification provider along its mission to “verify the… Read More

February 3, 2020 @ 1:32 pm By Samantha Hurst  |  

Germany-based banking group Varengold Bank announced on Monday it has opened its new fintech hub in Berlin. According to Board of Managing Directors member, Frank Otten, the new hub will “add value” for the Varengold Bank’s current customers in Berlin because the bank will provide… Read More

January 31, 2020 @ 10:25 am By Samantha Hurst  |  

Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money’s CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior… Read More

January 31, 2020 @ 10:15 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard that aims to reduce e-commerce fraud by adding two-factor authentication to online transactions. The upgraded version of 3D Secure will… Read More

January 31, 2020 @ 8:46 am By Samantha Hurst  |  

Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfolios that, in a matter of minutes, helps new and existing customers get on track and stay on track to meet… Read More

January 29, 2020 @ 10:03 am By Samantha Hurst  |  

UK consumer banking group Barclays announced earlier this week the ten Fintech-focused startups that will join the 2020 London Barclays Accelerator, powered by Techstars. This is reportedly Barclays’ seventh accelerator class since the program’s establishment in 2014 and the participating companies notably span across a… Read More

January 29, 2020 @ 9:53 am By Samantha Hurst  |  

UK-based fintech Flux announced on Wednesday it has named UK consumer banking group Barclays its first strategic investment partner. Flux reported that Barclays has been a long-time supporter of its platform and has been involved with the company since 2017 when its executives joined the… Read More

January 28, 2020 @ 11:50 am By Samantha Hurst  |  

University of Toronto School of Continuing Studies (SCS) announced on Tuesday it has joined forces with Trilogy Education, a 2U, Inc. brand and leading workforce accelerator, to launch a fintech boot camp in the city. According to the school, the University of Toronto SCS FinTech Boot… Read More

January 28, 2020 @ 9:48 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Tuesday it is bringing Apple Pay to its customers across Europe. The company reported that with Apple Pay, customers may make purchases on iPhone, Apple… Read More

January 27, 2020 @ 7:04 am By Samantha Hurst  |  

UK-based fintech Finastra announced on Monday it has expanded its services by opening a new office in Kfar Saba, just outside Tel Aviv. The company reported that the location will have more than 330 employees and offer more space for the team to grow as the company… Read More

January 26, 2020 @ 11:28 pm By Samantha Hurst  |  

AlphaCredit, a Latin American fintech that specializes in consumer lending and financial solutions for SMEs, announced on Sunday it has signed an equity round for up to $125 million. The round is led by SoftBank’s Latin America Fund and will notably allow AlphaCredit to continue… Read More

January 25, 2020 @ 11:02 am By Omar Faridi  |  

Dubai International Financial Centre (DIFC) Fintech Hive has announced the introduction of their investment-focused accelerator program for startups and other small companies in the Middle East, Africa and South Asia (MEASA) regions. The Fintech Hive Scale Up program will provide partnership and investment opportunities for… Read More

January 24, 2020 @ 10:23 pm By Samantha Hurst  |  

Morgan Stanley announced on Thursday the launch of CashPlus, which is described as a new brokerage account that offers clients a “modern alternative” to banking. According to Morgan Stanley, the CashPlus Account replaces the Premier Cash Management program. The account offers two account types, the… Read More

January 24, 2020 @ 10:10 pm By Samantha Hurst  |  

Mastercard announced on Thursday its new Intelligence and Cyber Center. The center, which is located in Vancouver, Canada. is expected to expand the multinational financial services giant’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cybersecurity,… Read More

January 24, 2020 @ 7:48 am By Samantha Hurst  |  

MUFG Union Bank N.A. announced on Thursday receipt of real-time payments is available for its corporate, commercial, and retail clients via the RTP network. The RTP network, which is operated by The Clearing House, notably provides instantaneous receipt of payments that increases payment certainty and… Read More

January 23, 2020 @ 8:16 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Wednesday it now has more than five million customers who are banking on its platform around the globe. The company stated: “As we enter a new decade, we’re delighted to share some more fantastic news. N26 has reached another… Read More

January 23, 2020 @ 7:58 am By Samantha Hurst  |  

Australia-based digital brokerage platform Stake announced this week it has officially launched its UK beta operations.  Founded in 2017, Stake claims it democratizes global share markets to bring the “world’s largest and most dynamic” market to the rest of the world. “We believe brokerage is… Read More