Tagged: fintech trends

August 30, 2022 @ 6:14 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology with a growing presence in New Jersey, is reportedly partnering with Rutgers University-Newark “to create and fund a new program designed to drive diversity and innovation within the financial technology field.” The… Read More

August 29, 2022 @ 8:39 pm By Omar Faridi  |  

Karachi-headquartered Fintech firm Safepay HQ is reportedly going live with Cybersource (a product of payments service provider Visa) in order to bring Pakistani merchants new ways to allow their clients to pay them online. Safepay is a payment service provider that has reportedly received pilot… Read More

August 29, 2022 @ 1:37 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) plans have taken over as a “popular” financing option for consumers, partly due to “an increase in online shopping demands during the pandemic,” the TrueAccord team notes in a blog post. In 2021, Americans “spent more than $20 billion through… Read More

August 29, 2022 @ 8:35 am By Omar Faridi  |  

Embedded finance Fintech Railsr, previously doing business as Railsbank, has entered a new partnership with specialist insurance intermediary Elmore. Via the collaboration, Elmore will aim to offer “specialist” Fintech insurance for Railsr’s client internationally, with products that offer protection against operational risks, and which also… Read More

August 28, 2022 @ 11:51 pm By Omar Faridi  |  

Fintech Revolut, the global financial superapp with over 20 million customers, has appointed Raymond Ng as Singapore CEO “as it continues to grow in Singapore.” The new appointment “follows Revolut recently announcing the launch of its crypto products in Singapore.” Revolut‘s customer base in Singapore… Read More

August 27, 2022 @ 4:03 pm By Omar Faridi  |  

Ecobank Group has introduced the fifth edition of the Ecobank Fintech Challenge and encourages Fintech entrepreneurs to enter the competition. Fintechs that are “aligned with the Bank’s strategic objectives stand a chance to win an overall cash prize of US$50,000 for the top winner and… Read More

August 27, 2022 @ 3:05 pm By Omar Faridi  |  

ViewTrade, the “force” that powers Fintech, has enhanced its customer onboarding service with three new modules designed “to help its clients onboard retail financial customers more efficiently and with greater security.” With the enhancements, clients can “activate any of the new modules and make them… Read More

August 26, 2022 @ 3:50 pm By Omar Faridi  |  

GiveCard, a nonprofit organization that uses financial technology to power direct giving to the most vulnerable communities, has partnered with Highnote, which claims to be the world’s most modern card issuance platform, “to launch a new prepaid debit card program.” This enables shelters, non-profits, and… Read More

August 26, 2022 @ 12:47 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced the development of Jack Henry Financial Crimes Defender, the company’s financial crimes platform. The platform, planned to launch in early 2023, will aim to “deliver community and regional financial institutions the enhanced capabilities they need, including AI/ML, to gain visibility into… Read More

August 25, 2022 @ 10:43 pm By Omar Faridi  |  

Research released by specialized payments platform Paysafe (NYSE: PSFE) reveals how retailers “may be missing out by not accepting payments in crypto.” A significant 80% of crypto owners “want to pay for goods with their crypto balances but are held back by a lack of… Read More

August 25, 2022 @ 9:21 pm By Omar Faridi  |  

valU, MENA’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that it “acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of… Read More

August 25, 2022 @ 3:55 pm By Omar Faridi  |  

Ramp, the first finance automation platform and corporate card designed to help businesses spend less, announced an expansion of its platform that “enables businesses to finance all of their bills in one place.” Bill Pay, its accounts payable automation product, will now “offer businesses the… Read More

August 24, 2022 @ 8:45 am By Omar Faridi  |  

London-based Fintech Unlimint announced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Cards (UBC),”a one-stop payment accounts and card issuing and processing solution.” The new offering “allows companies globally to launch and embed digital payment products for their customers based… Read More

August 24, 2022 @ 8:38 am By Omar Faridi  |  

Growth Capital Ventures has led a £695,000 investment round into Finexos, a fintech platform set “to improve access to credit for millions of people around the world.” Oversubscribed by almost 40% from the initial target, the funds will be used “to drive forwards Finexos’s market… Read More

August 23, 2022 @ 8:17 pm By Omar Faridi  |  

The New Zealand payment card market is expected to “gradually recover” from the COVID-19 pandemic to register a compound annual growth rate (CAGR) of 5.0% “between 2022 and 2026 and reach NZ$98.0 billion ($67.1 billion) in 2026,” forecasts GlobalData, a data and analytics company. According… Read More

August 23, 2022 @ 12:37 pm By Omar Faridi  |  

Highline Technologies, the payments fintech that unlocks payroll-linked lending and billpay, announced that it has raised $13 million in Series A funding. The investment round was “led by Jump Capital, Costanoa Ventures, Foundation Capital and other investors.” Founded in 2020, Highline’s payments platform “allows consumers… Read More

August 23, 2022 @ 11:02 am By Omar Faridi  |  

We recently caught up with Huw Davies, Chief Commercial Officer, Ozone API, which has been involved in the development of Open Banking from the very beginning. Ozone API started by developing the sandbox and reference implementation for the UK Open Banking Implementation Entity (OBIE) –… Read More

August 22, 2022 @ 11:14 pm By Omar Faridi  |  

honeygrow, the Philadelphia-based fast-casual concept, is joining forces with DailyPay – which claims to be the leader in on-demand pay. Through this partnership, honeygrow’s restaurant employees can now “access their earned pay after completing a shift.” Ultimately, DailyPay‘s benefit “allows employees to access their pay… Read More

August 22, 2022 @ 10:57 pm By Omar Faridi  |  

If you’re eligible for Deel Advance, then you may be able to access your paycheck early “with no credit checks, interest rates, or applications regardless of your location,” according to an update from Fintech firm Deel. They claim to have heard “countless” stories of people… Read More

August 22, 2022 @ 9:29 pm By Omar Faridi  |  

It would be an understatement to say that the past couple years have been disruptive for businesses, the Razorpay team noted in a blog post. The pandemic led to major changes in consumer behavior and businesses had to adapt to the new environment and “new… Read More