Tagged: united states

September 3, 2022 @ 3:26 pm By Omar Faridi  |  

Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, announced a $35.6 million Series C investment, “bringing its total funding to date to $78 million.” The investment round was “led by OMERS Growth Equity with participation from investors… Read More

September 3, 2022 @ 10:35 am By Omar Faridi  |  

The Federal Trade Commission (FTC) has taken action against credit services company Credit Karma for “deploying dark patterns to misrepresent that consumers were ‘pre-approved’ for credit card offers.” The FTC alleges that the company “used claims that consumers were ‘pre-approved’ and had ‘90% odds’ to… Read More

September 2, 2022 @ 2:30 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial technology platform of “choice” for leading businesses,  announced that Pet Supplies Plus, the franchisor and operator of pet-specialty stores in North America, has selected the platform “to power its payments online and in-store for its approximate 230 corporate locations and… Read More

September 1, 2022 @ 1:10 pm By Omar Faridi  |  

The Federal Reserve has reportedly changed the timing of the introduction of its real-time payments solution, called FedNow, to the middle of 2023. The US Federal Reserve is aiming for a full-scale production rollout of the new payments service for somewhere between May and July… Read More

September 1, 2022 @ 7:27 am By Omar Faridi  |  

Caju Benefícios, a flexible benefits management platform, announced it has secured a $25 million Series B round led by K1 Investment Management, a Los Angeles-headquartered investment company focused on “high-growth” B2B software businesses. With the capital injection, the firm intends to enhance the efficiency of… Read More

August 31, 2022 @ 9:43 pm By Omar Faridi  |  

Discover (NYSE: DFS) announced its new Advanced Analytics Resource Center (AARC) and welcomed its first cohort of 75 employees at its downtown Chicago Office called the 606. The launch of the AARC@606 “advances Discover’s investment in technology and analytics as well as its commitment to… Read More

August 31, 2022 @ 10:00 am By Omar Faridi  |  

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

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 30, 2022 @ 2:42 pm By Omar Faridi  |  

As the demand for cross-border payments continues to grow, Brightwell, an Atlanta-based global payments technology company, announced the availability of ReadyRemit. This comprehensive remittance engine “enables Fintechs to capitalize on the digital payments market quickly and easily, building a new revenue stream and driving customer… Read More

August 29, 2022 @ 11:27 pm By Omar Faridi  |  

FitzRoy Investment Advisors is a multi-family office based in Miami, Florida. Addepar is an independent firm that “provides investment advice to high-net-worth families and individuals.” Nicole Sager of FitzRoy Investment Advisors notes that her favorite Addepar feature is their intuitive search tool, which “makes things… Read More

August 26, 2022 @ 8:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) clients are increasingly relying on the company’s digital solutions to manage their finances. Clients logged into the company’s digital platforms “nearly 1 billion times in July, the highest month ever.” This follows “a record 2.8 billion digital logins in the… 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 25, 2022 @ 11:01 pm By Omar Faridi  |  

LianLian Global, a global cross-border payments service provider, and London-based lendtech Uncapped have announced a strategic partnership “to provide ecommerce entrepreneurs and online merchants in the US and UK with access to fast and flexible financing to grow their business through the LianLian Global platform.”… 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 @ 8:32 pm By Omar Faridi  |  

Kapitus, a Fintech company that offers financing to small businesses, announced the closing of $95 million in additional funding capacity on August 23, “bringing its total debt facilities to $360 million.” As noted in an update shared with CI, this additional funding capacity “demonstrates continued… Read More

August 25, 2022 @ 8:29 pm By Omar Faridi  |  

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.” Through this development, HVB, a Pennsylvania Chartered Bank founded in 1871… Read More

August 24, 2022 @ 2:49 pm By Omar Faridi  |  

Sumsub, a Regtech company that helps businesses stay compliant and fight digital fraud, “establishes its first US office in Miami, Florida, launching new services available for US customers.” Now local clients can “add Social Security Number (SSN) checks to verify users through Social Security records.”… Read More

August 23, 2022 @ 10:31 pm By Omar Faridi  |  

First Federal Bank of Kansas City released a refreshed, innovative online and mobile banking platform powered by Narmi, an enterprise digital banking provider. Together they “enhanced the end-to-end digital experience from online account opening through online and mobile banking for First Federal’s 25,000 consumer and… Read More

August 23, 2022 @ 7:37 pm By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced a $15.5 million Series C extension, “led in the United States by Fidelity Information Services, LLC (NYSE: FIS) and internationally by Westpac Banking Corporation, with participation from BankSouth.” This brings the… Read More

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

Truist Financial Corporation (NYSE: TFC) announced that it has acquired key strategic assets from Zaloni, a key player in data technology solution delivery. Through this agreement, Truist will “acquire the Zaloni Arena platform to accelerate its data governance, metadata management, advanced analytics, and artificial intelligence… Read More