Tagged: fintech trends

April 9, 2023 @ 2:35 pm By Omar Faridi  |  

Transcard, which claims to be a global leader in payment and data technology, announced that it has successfully integrated its family of embedded payment solutions, called SMART Suite, “with one of Mastercard’s innovative commercial offerings, Track Business Payment Service.” Mastercard Track Business Payment Service will… Read More

April 9, 2023 @ 2:31 pm By Omar Faridi  |  

Soft Space Sdn. Bhd., a financial technology player, announced it has raised $31.5 million in its latest funding round. Southern Capital Group (SCG) Pte. Ltd, led the investment round, “with participation from returning investor transcosmos Inc., strategic investor JCB (previously announced), and venture capital fund… Read More

April 8, 2023 @ 11:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This move further “reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce… Read More

April 8, 2023 @ 10:43 am By Omar Faridi  |  

New technology and innovations in the payment space are “transforming the way Canadian consumers and businesses make and process payments.” According to data from Payments Canada’s annual Canadian Payment Methods and Trends Report, Canadian businesses are “writing fewer and fewer cheques while expanding the range… Read More

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

Goodwill of Colorado, an organization dedicated to creating community impact through programs for individuals with disabilities, education, training and career placement, has partnered with DailyPay–the provider of on-demand pay. As part of the organization’s mission “to empower individuals, and to provide a fulfilling employee experience,… Read More

April 7, 2023 @ 10:12 am By Omar Faridi  |  

Nium, the global payments infrastructure for on-demand money movement, announced the appointment of Volker Steinle as Senior Vice President and General Manager, Americas. Steinle will be responsible “for accelerating sales and revenue growth in the region, building an exceptional go-to-market team, and engaging customers and… Read More

April 6, 2023 @ 4:45 pm By Omar Faridi  |  

Finix recently launched a new payments solution designed “for tech-savvy merchants looking for a reliable provider to power payments acceptance at a competitive price.” At its inception, Finix chose “to serve the most complicated customers first: payment facilitators managing intricate funds flows.” Starting with the… Read More

April 6, 2023 @ 1:08 pm By Omar Faridi  |  

SavvyMoney, the provider of innovative credit score solutions, and Credit Union of Southern California (CU SoCal), a mission-driven organization focused on improving the lives of its members, announced near “record-breaking” numbers when implementing SavvyMoney’s new pre-approval marketing solution, which offers a streamlined, highly-personalized user experience… Read More

April 6, 2023 @ 9:26 am By Omar Faridi  |  

Buy now, pay later (BNPL) loans aren’t only for fancy shoes, kitchen appliances and gaming systems, according to an update from LendingTree. Millions of Americans “use these loans as lifelines.” The latest LendingTree survey finds “that 27% of BNPL users say they use these loans… Read More

April 5, 2023 @ 9:13 am By Omar Faridi  |  

The second largest neobank in the European Union is reportedly launching in all 50 US states. bunq, a neobank in the EU, has filed an application for a US banking license with the FDIC in the state of New York. By applying for a bank… Read More

April 5, 2023 @ 8:17 am By Omar Faridi  |  

Valued at $2B, the global talent solution provider “reports significant momentum as the demand for remote-first workplace solutions accelerates.” Velocity Global, the provider of global talent solutions, announced new financial metrics and corporate momentum to include: Crossed the $200M ARR threshold. More than 40% organic… Read More

April 3, 2023 @ 12:37 pm By Omar Faridi  |  

This final report – issued as part of the G20 cross-border payments program – focuses on facilitating increased adoption of payment versus payment (PvP) “to reduce foreign exchange (FX) settlement risk and improve cross-border payments.” It analyzes “the causes of non-PvP settlement, takes stock of… Read More

April 3, 2023 @ 8:27 am By Omar Faridi  |  

Fintech firm Rapyd reveals that 41% of global organizations believe that international business expansion is imperative “to ease their current trading concerns.” That’s according to a study released by global fintech-as-a-service partner Rapyd, which shows that a sizeable contingent of cross-border businesses are “looking to… Read More

April 3, 2023 @ 7:55 am By Omar Faridi  |  

Seven years ago, Jason Lee and Rob Law founded DailyPay with a mission to enable employees to access their pay on their own schedule. Their vision was “to empower frontline workers to better themselves financially by controlling the timing of their pay.” Today, DailyPay partners… Read More

April 3, 2023 @ 3:51 am By Omar Faridi  |  

Climate and fintech company Agreena, whose soil carbon platform is one of the largest globally, announced its Series B raise of €46M. Led by Germany’s multi-stage investor HV Capital, the investment round “has an exciting composition of new investors including impact fund AENU and fintech-focused… Read More

April 2, 2023 @ 11:39 pm By Omar Faridi  |  

Over the past few years, there has been a proliferation in the number of SaaS apps a person can use at their company “for HR admin work – worker contract creation, paid time off tracking, task management – the list goes on and on.” As… Read More

April 1, 2023 @ 1:27 pm By Omar Faridi  |  

Regpack, a software leader that enables quick and simple automation of billing and other business processes, announced a partnership with Stripe, a financial infrastructure platform for businesses. With Stripe, Regpack will “enable its customers to expand services and receive payments in Euros, Yen and the… Read More

April 1, 2023 @ 11:48 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, released its first Consumer Pulse Report. Based on the findings of a February 2023 survey of 4,000 consumers across the US, UK and Australia, “conducted on its behalf by Propeller Research, the report details the effects… Read More

April 1, 2023 @ 3:17 am By Omar Faridi  |  

Rocket Companies, Inc. (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – unveiled the Rocket Visa Signature Card, the first credit card created “to make homebuying easier and more accessible… Read More

March 31, 2023 @ 1:27 pm By Omar Faridi  |  

After a successful year of launching new event programming geared towards advancing Fintech in the Commonwealth, the Mass Fintech Hub, a public-private partnership dedicated to making the state a global leader in fintech, announced an expansion of its membership. Led by M&T Bank, the newest… Read More