Tagged: fintech adoption

October 16, 2024 @ 9:28 pm By Omar Faridi  |  

Fintech firm Plaid has recently launched its Gateway Partner Program in order to drive open banking compliance. Plaid’s blog post noted that the financial services industry is preparing for the release of the final Section 1033 rule mandating that financial institutions provide consumers with “secure… Read More

October 16, 2024 @ 7:30 am By Omar Faridi  |  

Klarna is reporting a growth milestone in its company history: more than 100,000 retail partners were added since the month of August 2023, expanding its total network to 600,000+ merchants. Merchants—large and small—are now reportedly choosing Klarna because the network creates a good customer experience… Read More

October 15, 2024 @ 8:12 am By Omar Faridi  |  

PitchBook has shared key insights that focus on developments in the Fintech and payments ecosystems. The PitchBook report pointed out that Fintech performance has rebounded with shares of public fintech firms closing higher during Q3 of 2024, tracking the “broader” stock market’s rebound. PitchBook also… Read More

October 14, 2024 @ 7:55 am By Omar Faridi  |  

Innovate Finance, the industry body representing the Fintech community in the UK, and Vested Impact have released The Fintech Impact Report 2024, prepared in collaboration with Accenture, assessing the impact UK FinTech has on the “economy and society.” This latest report measures the Fintech ecosystem’s… Read More

October 13, 2024 @ 12:07 pm By Omar Faridi  |  

Credit insights from Fintech firm Plaid are looking at what’s currently driving growth and how firms are managing risk. In its latest Consumer Report, John He & Nikolai Oudalov noted in a blog from Plaid that the financial infrastructure Fintech has helped lenders, from enterprises to… Read More

October 12, 2024 @ 6:12 pm By Omar Faridi  |  

iCapital, the fintech platform driving the alternative investment marketplace for the wealth management industry, announced the launch of iCapital’s Multi-Investment Workflow tool. Available to wealth managers on iCapital Marketplace, this tool reportedly streamlines the investing experience by allowing financial advisors to process “multiple alternative investments”… Read More

October 12, 2024 @ 11:00 am By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking, announced it has now onboarded its first European clients to the Eurosystem’s payment rail, T2. The fintech clearing bank welcomes OpenPayd, Pay Perform (which trades as Orbital), and Transact Payments, which will all benefit from real-time… Read More

October 11, 2024 @ 10:42 pm By Omar Faridi  |  

Airwallex announced that Airwallex Capital is now licensed by the Securities and Futures Commission of Hong Kong (SFC) in order to offer asset management services, paving the way for the upcoming launch of its Airwallex Yield in Hong Kong early next year. As explained in a… Read More

October 11, 2024 @ 4:40 pm By Omar Faridi  |  

Checkout.com, a digital payments provider, announced a partnership with Octopus, Hong Kong’s “homegrown” global fintech, in order to enable online payment for customers of Hong Kong’s leading payment choice – becoming the global payment service provider (PSP) to add Octopus as a payment option at… Read More

October 11, 2024 @ 12:40 pm By Omar Faridi  |  

The UK Fintech firm Pockit and the pan-European fintech Monese announce that they have agreed terms for Pockit to acquire Monese,a deal that’s currently subject to Change in Control approval by the UK’s Financial Conduct Authority (FCA), creating the fintech for the “financially underserved” and… Read More

October 8, 2024 @ 8:21 am By Omar Faridi  |  

Fintech Storfund has announced a partnership with TikTok Shop that will introduce the first fully embedded cash flow solution in a major US marketplace. This change is expected to benefit sellers on the social media app. Referred to as Daily Advance, the product should reportedly… Read More

October 7, 2024 @ 6:38 pm By Omar Faridi  |  

Volante Technologies, a payments-as-a-service (PaaS) software provider, recently announced that it was recognized for providing Wholesale Payment Systems. According to Volante, payments modernization efforts will improve instant payments, cross-border payments, and extended data capacities, yet are bottlenecked by both educational shortcomings as well as regulatory challenges…. Read More

October 7, 2024 @ 8:45 am By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform, marked the recent opening of its global headquarters at Oosterdoksstraat 114 in Amsterdam. According to the engagement banking Fintech firm, this move is more than just a change of address; it represents another significant step forward in… Read More

October 4, 2024 @ 8:42 pm By Omar Faridi  |  

Fizz announced the launch of the next iteration of its Money App, which is designed to empower students in managing finances and building a financial foundation. With the Fizz app, students are reportedly able to check credit scores, gain  spending insights, and take financial courses—which… Read More

October 2, 2024 @ 7:20 pm By Omar Faridi  |  

PhonePe announced its partnership with Jar to launch its new product offering ‘Daily Savings’ on its platform, enabling users to save money in 24K digital gold via “incremental daily contributions.” With Daily Savings, users are able to set aside as little as ₹10 per day,… Read More

September 30, 2024 @ 9:12 pm By Omar Faridi  |  

Dante Disparte, Chief Strategy Officer; Head, Global Policy, Circle Internet Financial, notes that with the emergence of fast-evolving fintechs, regulators have sought ways to keep pace with their activities and technologies, “not only in the spirit of leveling the playing field, but also to keep… Read More

September 30, 2024 @ 9:08 pm By Omar Faridi  |  

LiveFlow has reportedly raised a $13.5 million Series A round in order to modernize accounting and inspire the next generation of accountants. Lasse Kalkar, CEO, LiveFlow noted that the accounting industry is undoubtedly facing major challenges, with “one of the most pressing being a severe… Read More

September 29, 2024 @ 5:54 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, “while simultaneously reducing costs and risks through pre-configured… Read More

September 25, 2024 @ 7:27 pm By Omar Faridi  |  

Priority, the payments and banking Fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform. Passport integrates payments, treasury, and banking services “on a scalable, native platform…. Read More

September 23, 2024 @ 11:00 am By Omar Faridi  |  

Revolut, the global financial technology company has announced it has reached ten million customers in the UK. Revolut’s largest market, and where the company was “founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow.” Revolut has… Read More