Tagged: fintech adoption

July 31, 2023 @ 7:24 pm By Omar Faridi  |  

Global Fintech revenue is expected to increase around 6x from current levels between 2021 and 2030 and could hit $1.5 trillion. The APAC region is expected to claim a significant portion of that total, representing around 40% of international Fintech revenue or totaling about $600… Read More

July 31, 2023 @ 1:29 pm By Omar Faridi  |  

The first six months of 2023 were difficult for the fintech market globally, “with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23.” The cloud of uncertainty permeating… Read More

July 31, 2023 @ 11:52 am By Omar Faridi  |  

The Board of Vanquis Banking Group plc, a specialist bank, is pleased to announce the acquisition of the money-saving fintech Snoop Limited. Snoop provides its customers with personalized insights “to help them better understand and manage their finances.” The Snoop app uses AI and open… Read More

July 30, 2023 @ 9:09 pm By Omar Faridi  |  

The United Kingdom and Singapore held the 8th UK-Singapore Financial Dialogue in London. The Dialogue facilitated a useful exchange of views, and “identified opportunities for further collaboration on joint projects, in priority areas such as sustainable finance and FinTech and innovation.” Sustainable Finance Both countries… Read More

July 30, 2023 @ 9:05 pm By Omar Faridi  |  

Trustmi announced its official launch as a pioneering leader in business payments security. The cybersecurity Fintech company says that it “offers an intuitive, end-to-end solution that helps businesses protect their bottom line by eliminating losses from cyberattacks, internal collusion, and human error, ensuring payments go… Read More

July 30, 2023 @ 1:05 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its strategic global partnership with Monese’s XYB, end-to-end ‘coreless’ banking platform provider, launched in May 2023, and poised to shake up the banking industry. The platform enables banks and non-banks “to break down the barriers to building and providing financial… Read More

July 30, 2023 @ 11:36 am By Omar Faridi  |  

Poshmark claims it is a “leading” social marketplace for new and secondhand style for women, men, kids, pets, home, and more. Poshmark says that it “prioritizes a best-in-class buying experience that is smooth and stress-free for their customers, making Affirm’s Adaptive Checkout — which delivers… Read More

July 29, 2023 @ 2:36 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, has today announced its partnership with iconic British department store Liberty, “with its flexible and interest-free payment options now available online.” The partnership will aim to “help Liberty’s customers save time and money and worry… Read More

July 29, 2023 @ 11:47 am By Omar Faridi  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (CRE) lending program and deep market experience, announced the closing of the second quarter, “totaling over $66 million in loans year-to-date.” Additionally, the team reports that it “saw… Read More

July 29, 2023 @ 10:07 am By Omar Faridi  |  

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

July 28, 2023 @ 7:26 pm By Omar Faridi  |  

Jeeves, a financial operating system built for global companies, backed by investors including Andreessen Horowitz (a16z), CRV, and Tencent, has expanded its product offering to include prepaid cards and cross-border payments. Jeeves launched publicly 22 months ago “with corporate credit cards as its initial product… Read More

July 28, 2023 @ 1:54 pm By Omar Faridi  |  

Trintech, a global provider of cloud-based financial close solutions for the Office of the CFO, today announced its acquisition of Frontier Reconciliation and Accurate Reconciliation from Fiserv (NYSE: FI), a global provider of fintech and payments solutions. Serving customers across multiple verticals including financial services,… Read More

July 28, 2023 @ 10:27 am By Omar Faridi  |  

Croissant, a Fintech platform with a mission to empower intentional commerce, launched today with $24 million in seed funding from a suite of top investors, including Portage and KKR co-founders George Roberts and Henry Kravis. Initial funding was used “to accelerate Croissant’s MVP launch via… Read More

July 28, 2023 @ 8:04 am By Omar Faridi  |  

Matera, maker of instant payments, QR code and digital ledger technology, recently released its mid-year report on the adoption of Brazil’s Pix instant payments scheme. The latest Pix by the Numbers report “covers data through Q2 2023, and shows that there are more Pix transactions… Read More

July 27, 2023 @ 8:30 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

July 27, 2023 @ 8:26 pm By Omar Faridi  |  

Inside Addepar, a recap of key Addepar platform updates, research insights and client, partner and company developments, has shared that in July 2023, the firm introduced new product enhancements, which include “scheduling for daily reports and customizable charts in Navigator.” The Addepar Research team published… Read More

July 27, 2023 @ 2:29 pm By Omar Faridi  |  

Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More

July 27, 2023 @ 1:22 am By Omar Faridi  |  

Netbank, the Filipino embedded finance platform, is plessed to announce its strategic partnership with Pays0, a dynamic payments company, to offer seamless funds disbursement services through a cutting-edge application programming interface (API). This collaboration proves the opportunities in the Filipino payments market and marks a… Read More

July 26, 2023 @ 8:43 pm By Omar Faridi  |  

  Travis Everett, Chief Operating Officer (COO) of National Merchants Association (NMA), has shared key insights with Crowdfund Insider on FedNow, the new instant payments and transfer service offered by the US Federal Reserve. The new service became operational this past week, with 35 financial… Read More

July 26, 2023 @ 1:17 pm By Omar Faridi  |  

Fintech unicorn Tipalti recently announced an additional $150M in growth financing, bringing the company’s total equity and debt raise to more than $700M. Led by JP Morgan Chase Bank and Hercules Capital, this incremental growth financing will enable Tipalti to further invest in product innovation… Read More