Tagged: fintech trends

August 10, 2023 @ 5:18 pm By Omar Faridi  |  

Payment Components, which claims to be an expert in AI, payments and open banking solutions, is announcing the partnership with Brillio, a digital transformation services provider. The partnership between the two companies is “part of Payment Components’s vision to empower ISO 20022 / CBPR+ adoption… Read More

August 10, 2023 @ 5:08 pm By Omar Faridi  |  

upSWOT announces a pilot partnership with NerdWallet Small Business aimed at further enhancing the financial services offered to their SMB customers. This collaboration brings together upSWOT’s data-driven embedded finance tools and NerdWallet Small Business’ financial guidance “to empower small businesses with comprehensive financial solutions.” upSWOT’s embedded… Read More

August 10, 2023 @ 8:40 am By Omar Faridi  |  

Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More

August 9, 2023 @ 6:58 pm By Omar Faridi  |  

Automated Systems Holdings Limited (ASL), a global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications and marketplaces, “to bolster its industry-specific DevSecOps business and strengthen its fintech trajectory.” Under this partnership, ASL has become “the sole… Read More

August 8, 2023 @ 10:43 pm By Omar Faridi  |  

The role of today’s Chief Financial Officer (CFO) is undergoing significant changes and expansions, according to a new study, “The Evolution of Order-to-Cash,” conducted by global market analysis and advisory firm IDC on behalf of the B2B order-to-cash software and digital payments market leader, Billtrust…. Read More

August 8, 2023 @ 9:14 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced the appointment of Navnit Nakra as their Chief Revenue Officer. Navnit will be responsible “for developing and executing growth strategies, new business generation, streamlining processes to attain efficiencies and maximising revenue streams for the Payments Business in India.”… Read More

August 8, 2023 @ 5:00 pm By Omar Faridi  |  

Knot, the platform that enables card issuers to automatically switch saved payment methods at the request of their users, announced a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. The funding from… Read More

August 8, 2023 @ 9:22 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, recently announced that Steffan Tomlinson will join the company as chief financial officer. Steffan reportedly has more than 25 years of experience “in the finance industry, most notably with Confluent, Google Cloud, and Palo Alto Networks.” According to… Read More

August 8, 2023 @ 6:07 am By Omar Faridi  |  

Small and medium-sized business (SMB) financing platform Funding Societies announced that it has teamed up with CGC Digital, the Fintech division of Credit Guarantee Corporation Malaysia (CGC) in order to support MSMEs operating across the Southeast Asian nation. Via this collaboration, CGC Digital created a… Read More

August 7, 2023 @ 6:04 pm By Omar Faridi  |  

Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More

August 7, 2023 @ 4:26 pm By Omar Faridi  |  

First Federal Savings & Loan of San Rafael has partnered with digital banking provider, Bankjoy in order “to deliver an intuitive and feature-rich online and mobile banking experience for account holders.” Through the partnership, First Federal’s account holders will be “able to easily manage their… Read More

August 7, 2023 @ 1:02 pm By Omar Faridi  |  

Cordada, a private debt platform that caters to lenders and fintechs serving small and medium-sized enterprises (SMEs) in Latin America, has announced its partnership with Thought Machine. Cordada will use Thought Machine‘s cloud-native core banking platform, Vault Core, to develop highly personalised financial products “for… Read More

August 7, 2023 @ 8:43 am By Omar Faridi  |  

Ribbit Capital, a Palo Alto, California-headquartered venture capital firm, has reportedly secured around $800 million as part of its latest Fund. As noted in a regulatory form filed with the US Securities and Exchange Commission (SEC), there are a total of 247 investors that have… Read More

August 6, 2023 @ 2:39 pm By Omar Faridi  |  

BaaP (Banking-as-a-Platform) is an operational business model that “puts banks at the forefront of consumers.” In their latest whitepaper, the researchers highlighted “how BaaP can help traditional banks regain their competitive edge against neobanks.” This, according to the Juniper Research team. Through collaboration with innovative… Read More

August 6, 2023 @ 2:17 pm By Omar Faridi  |  

MX Technologies, Inc., which claims to be a leader in Open Finance, today released its latest consumer research, which unveiled that more than half of U.S. consumers “have either opened a new account (23%) or considered switching to a new bank (28%) in the past… Read More

August 6, 2023 @ 12:11 pm By Omar Faridi  |  

Skipify, a Fintech company redefining the checkout experience, has teamed up with American Express (NYSE: AXP) in order “to connect Amex U.S. Consumer Members’ Cards seamlessly into checkout.” Skipify’s technology, launching exclusively with American Express, identifies select Amex customers via their email address, “enabling them… Read More

August 5, 2023 @ 2:02 pm By Omar Faridi  |  

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

August 4, 2023 @ 11:57 pm By Omar Faridi  |  

flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, and Tabby, the MENA region’s shopping and financial services app, have announced a partnership “to provide travelers with flexible payment solutions, allowing flynas’ customers to pay for their… Read More

August 4, 2023 @ 12:04 pm By Omar Faridi  |  

GTreasury, a treasury, payments, and risk management software provider, and Convera, the largest non-bank global B2B payments provider, announced a partnership to offer an integrated payments service on GTreasury’s treasury management system (TMS) software. A key player focused on streamlining B2B cross-border payments, Convera is… Read More

August 4, 2023 @ 9:17 am By Omar Faridi  |  

Pockit – the financial super app for low-income and underserved communities – has raised $10 million in a growth round “led by Puma Private Equity, with participation from The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional… Read More