Tagged: fintech

April 1, 2019 @ 8:09 am By Samantha Hurst  |  

UK banking group NatWest announced on Monday it is set to trial its new personal mobile app, Mimo. According to NatWest, Mimo has been designed to help customers save time, save money and enjoy financial peace of mind. It will help customers budget, remind them of… Read More

March 28, 2019 @ 2:09 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Thursday it has expanded its institution coverage in Canada. The company launched its services in the country last year and recently added support for Desjardins, National Bank of Canada, President’s Choice, and Simplii. Along with the expansion of… Read More

March 28, 2019 @ 8:25 am By Samantha Hurst  |  

The Federal Reserve Bank of New York announced last week it has launched its own Fintech Advisory Group to provide Bank leaders with a “high-level” platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer… Read More

March 28, 2019 @ 7:52 am By Samantha Hurst  |  

Global payments provider Klarna announced on Thursday the launch of its new open banking platform. According to Klarna, the platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna… Read More

March 27, 2019 @ 8:06 pm By Samantha Hurst  |  

U.S. fintech startup Kyriba Corp. announced on Wednesday it is in advanced talks with Bridgepoint, an international private equity group focused on investing in market-leading businesses, to receive a $160 million investment round to accelerate innovation and growth of its enterprise platform.  Kyriba reported that the… Read More

March 27, 2019 @ 7:55 am By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Wednesday it is planning to launch a crowdfunding round this upcoming summer through equity crowdfunding platform, Crowdcube. This news comes just a couple of months after the company secured £45 million through its latest funding round, which was led… Read More

March 26, 2019 @ 2:05 pm By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Monday it secured $100 million through its Series C funding round, which was led by DST Global, which has previously backed internet giants Facebook, Airbnb and Spotify and fintech leaders Nubank and Robinhood. The latest round brings Airwallex’s… Read More

March 26, 2019 @ 10:29 am By Samantha Hurst  |  

Yalber, a U.S.-based SMB royalty investment company, announced on Tuesday it secured a $20 million credit facility from Park Cities Asset Management. Founded in 2007, Yalber offers an alternative to the conventional funding options currently available to businesses, such as debt either through a bank… Read More

March 25, 2019 @ 3:20 pm By Samantha Hurst  |  

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced last week it has formed a partnership with MassChallenge FinTech, a program matching enterprise-ready fintech startups within industry leaders to bring to market emerging products and services with… Read More

March 22, 2019 @ 8:27 pm By Samantha Hurst  |  

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

March 22, 2019 @ 9:12 am By Samantha Hurst  |  

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday that 12 financial institutions have signed up with its second Payment Services Directive (PSD2) solution. Avaloq reported that it launched the service at the end of last year… Read More

March 21, 2019 @ 9:22 pm By Samantha Hurst  |  

Akulaku, a SE Asia-based fintech, is reportedly set to acquire Indonesian lending bank Yudha Bhakti for Rp 158 Billion ($11 million). Founded in 2016, Akulaku is a fintech company that is focused on providing financial services to the underserved. The company has established offices in five countries/regions,… Read More

March 20, 2019 @ 1:33 pm By Samantha Hurst  |  

Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday its significant growth and an expanded portfolio of payments and cash management solutions that increase business opportunities for its clients. Galileo reported its client base grew 34 percent and the company’s number of employees increased… Read More

March 20, 2019 @ 10:00 am By Samantha Hurst  |  

Just days after announcing plans to create 150 jobs in its new Southampton office, UK-based digital banking platform Starling Bank announced its new 3D Secure feature. According to the banking group, 3D Secure is a tool for online transactions that require the account holder to… Read More

March 19, 2019 @ 10:52 am By Samantha Hurst  |  

Progressa, a Vancouver-based fintech company that is focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has surpassed the $100 million milestone in funded loans for underserved Canadian consumers. The company reported since 2013, Progressa has helped… Read More

March 19, 2019 @ 10:41 am By Samantha Hurst  |  

Fintech Europe, Plug and Play’s fintech-focused innovation platform based out of Frankfurt, Germany, announced on Tuesday it has selected nine startups for its third batch. The platform, which is in partnership with Deutsche Bank, TechQuartier, BNP Paribas, Nets Group, Aareal Bank, DZ Bank, and Danske Bank,… Read More

March 19, 2019 @ 8:35 am By Samantha Hurst  |  

VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, announced on Tuesday it has launched a new module on it accounts receivable platform, ARC, that offers enhanced cash application and bank reconciliation capabilities powered Cashbook. According to VersaPay, ARC provides… Read More

March 18, 2019 @ 10:19 am By Samantha Hurst  |  

Standard Chartered announced on Monday that its venture unit, SC Ventures, has created a market-first platform, called SC Ventures Fintech Bridge, to connect community builders such as start-ups, investors and accelerators to the Bank. According to Standard Chartered, SC Ventures Fintech Bridge connects and matches… Read More

March 15, 2019 @ 11:54 am By Samantha Hurst  |  

iCapital Network, a US fintech platform democratizing alternative investments for high-net-worth individuals and their advisors, announced on Friday it has formed a partnership with Morgan Stanley to provide alternative investment feeder fund services. It was revealed that the alternative investments feeder fund business transferring to… Read More

March 13, 2019 @ 7:27 am By Samantha Hurst  |  

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has launched Onboard, which is described as an all-digital platform that allows bank cardholders to access all their card-related benefits by simply downloading the app and entering the first six digits of their cards…. Read More