Tagged: fintech adoption

September 21, 2023 @ 8:53 am By Omar Faridi  |  

Cross-border payments company bridge21 announced its partnership with Bitso, the Financial Company powered by Crypto in Latin America, in order “to expand their support for local payments from the US, throughout Latin America.” According to a report, the overall cross-border payment market “stood at $176.5… Read More

September 20, 2023 @ 11:04 pm By Omar Faridi  |  

Tide, the business financial platform, has reached a significant growth milestone. The business now claims a 10% market share of all UK small businesses “with more than 550,000 customers (members).” Tide serves small businesses which “don’t have their own finance function, such as sole traders,… Read More

September 20, 2023 @ 10:11 pm By Omar Faridi  |  

Brex, the unified global spend platform, announced the launch of Brex Assistant, a proactive assistant that simplifies expense management for employees and improves their productivity. Brex Assistant is the flagship product of Brex AI, “a suite of capabilities that transform spend management to enable unprecedented… Read More

September 20, 2023 @ 7:46 pm By Omar Faridi  |  

TrueML Products, a Fintech company developing products that enable intelligent, digital communication, announced that clients have used Retain, the company’s flagship product, to drive engagement since January with more than 1 million delinquent customers that enabled recovery of $375 million in past-due balances. Total dollars… Read More

September 20, 2023 @ 8:51 am By Omar Faridi  |  

As the interest rate environment continues to place pressure on the banking sector, key insights and data collected (last week) shed light on the present situation. This data, shared with CI, was obtained from banking, fintech and financial professionals at FinovateFall in New York and… Read More

September 20, 2023 @ 7:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, has amended its existing Delayed Draw Senior Secured Loan Facility with Victory Park Capital Advisors, LLC, effective September 13, 2023. The amendment to the Credit Facility accomplishes the following: Increases the total size by $50 million… Read More

September 19, 2023 @ 8:17 pm By Omar Faridi  |  

Backbase is pleased to announce the partnership with Judo Bank (ASX: JDO) is now live. Judo selected Backbase’s Engagement Banking Platform (EBP) to create new digital experiences for its small and medium (SME) business banking and term deposit customers. The adoption of Backbase’s EBP will… Read More

September 19, 2023 @ 8:15 am By Omar Faridi  |  

Gatehouse Bank, the Shariah-compliant challenger bank, has released new research demonstrating that the UK’s money mindset is shifting towards saving. The research looked at UK adults’ attitudes towards money, “assessing the key factors that influence them, why they look to save or spend their money… Read More

September 18, 2023 @ 9:52 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) and Currencycloud, the firm simplifying business in a multi-currency world, announces Visa Cross-Border Solutions, formerly known as Visa Treasury as a Service, delivering cross-border money movement solutions for banks, Fintechs, FX brokers, corporates, and other payment institutions. Visa Cross-Border Solutions reportedly… Read More

September 18, 2023 @ 8:32 am By Omar Faridi  |  

Justt, a firm focused on smart chargeback automation, announced it has joined Forter‘s Partner Program to help automate and streamline chargeback management at scale within a single platform. Chargebacks are a growing and costly challenge “for merchants with friendly fraud and service chargebacks increasing exponentially… Read More

September 17, 2023 @ 9:59 pm By Omar Faridi  |  

Recharge, a firm focused on the prepaid payments industry, has announced its successful acquisition of Startselect, a European digital gift and gaming cards company. This move reportedly positions the company on course “to generate 750 million EUR in annual sales in 2024.” Since 2010 Recharge… Read More

September 17, 2023 @ 6:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The report finds that a focus on faster payment rails “represents a significant market… Read More

September 16, 2023 @ 10:09 am By Omar Faridi  |  

Nicolas Benady, CEO at Swan, says that the fundraising is significant for reinforcing the quality and scale of their product, and it’s also notable for their customers. With Swan, it’s reportedly easy for European companies “to embed banking into their own product and reap the… Read More

September 15, 2023 @ 10:55 am By Omar Faridi  |  

MX Technologies, Inc., which claims to be an industry leader in Open Finance, announced it has named Michael Whitacre as Chief Commercial Officer, effective October 2, 2023. Michael brings more than 30 years of experience “leading world-class revenue and sales organizations focused on helping financial… Read More

September 15, 2023 @ 8:28 am By Omar Faridi  |  

Lunar doubles net interest and fee income in the first half of 2023 “compared to the same period last year.” At the same time, Lunar continues its investments in “developing the business and the product range to become the best everyday bank in the Nordics.”… Read More

September 14, 2023 @ 3:02 pm By Omar Faridi  |  

Wealthfront clients have reportedly earned over half a billion dollars in interest year to date from our high-yield Cash Account offering 4.80% APY. According to a note from Wealthfront, high-yield accounts have “surged in popularity this year, but not all of these accounts provide the… Read More

September 14, 2023 @ 8:11 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Paysend, a UK-based fintech, have today expanded their collaboration to enhance cross-border payments for small and medium enterprises (SMEs), which are increasingly looking “for ways to send money or pay vendors across the globe quickly and securely.” While digital payments are… Read More

September 13, 2023 @ 7:53 am By Omar Faridi  |  

EBANX, the payments platform connecting global companies with customers in rising digital markets, is pleased to announce the appointment of Melissa Cherrey Johnson as the new VP of Merchant Success – Americas and Europe. With her extensive experience in the payments industry and a deep… Read More

September 12, 2023 @ 10:00 am By Omar Faridi  |  

The Bitcoin (BTC) and broader digital assets market is experiencing increased volatility. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), notes that Bitcoin (BTC) had “closed last week around $25,850, a 0.5% decrease in price from… Read More

September 11, 2023 @ 9:59 pm By Omar Faridi  |  

Clients can gather all of their payroll data in one global report with Deel Payroll Connect. As explained by Deel in a blog post, Payroll Connect allows clients “to standardize payroll reporting across all of your entities— even if you use different payroll providers.” Deel… Read More