Tagged: united states

DBS Bank to Leverage Nasdaq Surveillance Tech to Enhance Market Integrity

Nasdaq (Nasdaq: NDAQ) recently announced a technology agreement with DBS Bank (SGX:D05). DBS will leverage Nasdaq’s technology as they seek “to advance its surveillance capabilities and continue to protect its clients from market abuse.” DBS Bank, a financial services group in Asia, will “leverage Nasdaq… Read More

Battle Financial Selects Savana to Support Digital Banking Solution

Savana, which claims to be one of the industry leaders in financial software for banks and Fintechs, announced that Battle Financial, Inc., building the proposed Eagle County Colorado-based Battle Bank, has selected Savana “as the digital delivery platform to orchestrate its technology ecosystem and automate… Read More

SEC Charges Canadian Software Engineers with Insider Trading

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

UK’s PensionBee Comments on What Happened to Pensions in September 2022

Pensions are invested in global stock and debt markets, and therefore “what happens around the world will also be felt in our pensions,” the team at UK’s PensionBee explains. PensionBee wrote in a blog post that September saw “the continuation of the domino effect created… Read More

CFPB Sues MoneyLion for Overcharging Servicemembers, “Trapping” Consumers in Costly Memberships

The Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, “for imposing illegal and excessive charges on servicemembers and their dependents.” The CFPB alleges that MoneyLion “violated the Military Lending Act by charging more than the legally allowable… Read More

Germania Selects One Inc to Provide Insurance Payments via Venmo, PayPal

One Inc, the payments network for the insurance industry, announced that Germania Insurance, the largest farm mutual insurance company in Texas, has selected One Inc’s ClaimsPay and PremiumPay products “for a fully integrated and digitized customer payment disbursement experience.” The implementation will “create a more… Read More

Amazon, Lendistry Support Small Business Growth with Expansion of Amazon Community Lending Program

A year after its successful pilot launch, Amazon (NASDAQ: AMZN) announced that it will roll out the Amazon Community Lending program as a long-term offering “to help even more sellers grow.” In partnership with B.S.D. Capital, Inc. dba Lendistry, this program will “continue to support… Read More

WEX Brings Flume Platform to $25T Accounts Payable Market

WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced the public launch of Flume, an FDIC-insured digital wallet uniquely designed “to bridge the digital divide for millions of small-and-medium-sized businesses (SMBs) in the U.S.” Flume is provided by… Read More

Monnai Finalizes $3.15M Seed Round to Create Consumer Insight Infrastructure

Monnai, a global infrastructure provider for consumer insights, announced its $3.15 million seed round led by Better Tomorrow Ventures “with participation from Commerce Ventures, Kearny Jackson and 9Yards Capital.” This new investment round “marks the company’s 1-year anniversary and follows an initial pre-seed raised at… Read More

CoverTree Teams Up with Socotra to Introduce Affordable Insurance for Underserved Manufactured Home Market

CoverTree, an Insurtech MGA based in Michigan, partnered with Socotra, the core platform provider of choice for innovative insurers, “to launch easy and affordable insurance for owners, renters, and landlords of manufactured homes.” With Socotra, CoverTree can now “automate 92% of its applications with straight-through… Read More

Sean Loosli from Zelle Shares Strategy to Bring Smaller Financial Institutions onto the Zelle Network

In the past five years, consumers and businesses, small and large, have sent more than five billion Zelle payments, “totaling nearly $1.5 trillion,” according to Early Warning Services, LLC, the network operator of Zelle. Zelle users have “leveraged the convenience and security of Zelle to… Read More

U.S. Faster Payments Council (FPC) Introduces Use-Case Repository in Knowledge Center

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States,  launched a new industry resource, the Use Case Repository in its Faster Payments Knowledge Center. Supported by The Clearing House, the FPC Education & Awareness… Read More

Chase, DoorDash, Mastercard to Launch Credit Card

Chase, which is reportedly one of the largest co-brand card issuers in the U.S., and DoorDash, the local commerce platform, announced plans “to launch the first-ever DoorDash credit card, with Mastercard as the exclusive payments network for the new card.” The DoorDash Rewards Mastercard will… Read More

Digital Assets: Gemini, Betterment to Bring Diversified Crypto Portfolios to Investors

The team at Gemini is pleased to announce a partnership with Betterment, which claims to be one of the largest independent digital investment advisors in the U.S., in order “to begin offering crypto investment portfolios to customers across its retail and Betterment for Advisors offerings.”… Read More

Anchorage Digital Introduces Aptos Mainnet Custody Support at Launch

Anchorage Digital is pleased to announce its role “as one of the preferred institutional custodians for Aptos at mainnet launch.” Aptos is described as “a next-generation Layer 1 blockchain, built with safety and user experience in mind, enabling developers to build scalable, consumer-ready projects.” The… Read More

PNC Financial Services Group Acquires Linga, a Payments Solution Firm

The PNC Financial Services Group, Inc. (NYSE: PNC) announced it has acquired Linga, a point of sale (POS) and payments solutions firm “providing an industry-leading, cloud-based restaurant operating system.” The acquisition of Linga and its technology “will further expand PNC’s digital resources and enhance the… Read More

eToro Introduces ESG Scores as Many Retail Investors Consider ESG Before Buying Stocks

eToro, the social investing network, announced the introduction of ESG scores for over 2,700 stocks on its platform enabling its users “to consider environmental, social, and governance factors when building their portfolios.” Partnering with ESG Book, a global provider of ESG data and technology, eToro… Read More

Revolut Expands Crypto Offering, Launches Support for 29 Digital Tokens

Revolut, the global financial super app with more than 20 million customers worldwide,  announced that it has “expanded its crypto offering to launch 29 new tokens for US* users, via a new partnership with Apex Crypto.” Customers can now “buy and sell a total of… Read More

Funding Circle, Bayview Asset Management Announce Lending Partnership

Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More

SpendMend Receives Investment From Major U.S. Health Systems

SpendMend, a  provider of solutions to optimize the cost-cycle for the healthcare industry, announced they have closed on a round of strategic investments from Spectrum Health Ventures as well as Memorial Hermann Health System. The new venture activity “follows closely in the wake of the… Read More

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