Tagged: fintech

April 4, 2018 @ 2:07 pm By Samantha Hurst  |  

On Wednesday, Japan’s Financial Services Agency (FSA) announced it Exchanged of Letters for Cooperate Framework on fintech with the Swiss Financial Market Supervisory Authority (FINMA). According to the organization, this Cooperate Framework recognizes the global nature of innovation in financial services and intends to enhance… Read More

April 4, 2018 @ 11:32 am By Samantha Hurst  |  

Digital challenger bank Revolut announced on Wednesday it is currently making plans to launch in Singapore. This news comes just after the company announced it launched “disposable’ virtual cards. “From clunky apps to hidden fees, banking as we know it is broken. That’s why we decided to… Read More

April 4, 2018 @ 11:12 am By Samantha Hurst  |  

FINBOURNE, a London-based fintech platform, announced last week it has launched its LUSID Design Council, which has five financial institutions as members. The institutions include Fidelity International, HSBC Securities Services, and Altana Wealth. Founded in 2016, FINBOURNE describes itself as a technology firm that is… Read More

April 4, 2018 @ 8:41 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced on Wednesday it is set to close its Prepaid Beta, which was launched in March 2016 to make sure the bank was “building something” that consumers actually needed. While sharing details about its growth since the Beta’s launch, Monzo stated:… Read More

March 29, 2018 @ 3:00 pm By Samantha Hurst  |  

RSM US LLP (“RSM”), a provider of audit, tax and consulting services focused on the middle market is pleased to announce on Wednesday it has formed a partnership with global innovation platform, Plug and Play. RSM reported that as a strategic founding partner for Plug and Play’s… Read More

March 29, 2018 @ 11:32 am By Erin Hobey  |  

Starling Bank, after recently being voted the Best British Bank, has reportedly become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. Starling’s app aims to allow small business owners to open an account in less than… Read More

March 29, 2018 @ 10:03 am By Samantha Hurst  |  

Global blockchain fintech firm QUOINE announced on Thursday four new appointments to its leadership team. The company reported the following has been appointed: Jason Wagner: Chief People Officer- Brings more than 25 years experience and spent the last ten years in Singapore in financial services and consumer-related executive search. Prior to… Read More

March 28, 2018 @ 9:20 am By Samantha Hurst  |  

On Tuesday, global fintech firm Broadridge Financial Solutions announced it has completed the acquisition of Israel-based digital technology company, ActivePath. According to Broadridge, ActivePath’s technology enhances the consumer experience associated with consumer statements, bills, and regulatory communications.  ActivePath notably extends Broadridge’s ability to transform and… Read More

March 27, 2018 @ 4:13 pm By Samantha Hurst  |  

Ally Financial Inc. (NYSE: ALLY), a Michigan-based digital financial services company, is set to open a new innovation hub in the Camp North End, which is located in Charlotte, North Carolina. The company describes itself as an award-winning online bank and one of the largest full-service… Read More

March 27, 2018 @ 10:56 am By Samantha Hurst  |  

Oodle Car Financing, a UK-based car fintech startup, has secured a 100 million facility from Citigroup. Founded in 2016, the company states its goal is match customers with the right loans, cars, and dealers. “In this fast-paced world owning a car should be affordable for… Read More

March 26, 2018 @ 2:21 pm By Samantha Hurst  |  

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

March 26, 2018 @ 12:46 pm By Samantha Hurst  |  

On Monday, banking giant Citi announced it is set to launch comprehensive, new mobile capabilities on the Citi Mobile App for iPhone to serve the full spectrum of clients in the U.S. According to Citi, the features, which will roll out in the upcoming weeks, will… Read More

March 26, 2018 @ 12:09 pm By Samantha Hurst  |  

Candex, a California-based enterprise payments processor, announced last week it secured $3.5 million in seed funding from  Edenred Capital Partners, Partech Ventures, Advisors.Fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures, and Mark Goines. As part of the round, Goines has joined Candex as… Read More

March 26, 2018 @ 10:30 am By Samantha Hurst  |  

The Singapore FinTech Association (SFA) and the Fintech Association of Japan (FAJ) announced on Monday they have signed a Memorandum of Understanding (MOU) to create stronger relationships and greater fintech cooperation between the two countries. According to the duo, this partnership will see the associations… Read More

March 26, 2018 @ 10:05 am By Samantha Hurst  |  

Galileo, a U.S.-based payments processors and program management firm, announced on Monday it has grown and even expanded capabilities that address timely issues impacting the payments industry, including fraud and cryptocurrency. Founded in 2000, Galileo claims to be one of the largest payment processors and… Read More

March 26, 2018 @ 9:03 am By Samantha Hurst  |  

Less than two weeks after announcing the launch of its new financial services, ride-hailing company Grab announced on Monday it has acquired Uber’s Southeast Asia operations. This deal is the largest-ever of its kind in Southeast Asia. Grab reported it will integrate Uber’s ridesharing and food delivery business in… Read More

March 23, 2018 @ 3:00 pm By Samantha Hurst  |  

NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced on Thursday it is launching a new venture fund focused on strategic partnerships and investments in the emerging Insurtech, Fintech and HR Tech industries. Shawn Ellis,… Read More

March 23, 2018 @ 1:00 pm By Samantha Hurst  |  

On Thursday, fintech startup SuperMoney announced its loan offer engine has processed more than $500 million in loan requests since its launch in April 2017. The company, which was founded in 2013, states it is making personal finance “fun and accessible” by building a community… Read More

March 23, 2018 @ 12:00 pm By Samantha Hurst  |  

Bank of the West and L’Atelier BNP Paribas announced on Friday they are now accepting applications for Finlabs, which is described as a program that will join several of the Bank’s business lines with Silicon Valley’s best and brightest startups to collaboratively launch transformative and… Read More

March 23, 2018 @ 10:22 am By Samantha Hurst  |  

App-only banking start-up Fiinu, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Seedrs. The initiative was launched last month and sought the funds for a 6.67% equity stake at a pre-money valuation of £7 million. As previously reported, the aspiring digital… Read More