Tagged: us

March 27, 2023 @ 10:39 pm By Omar Faridi  |  

As April 18 looms,  banks are turning to tech to help customers ease their tax anxiety, according to an update from J.D. Power. It’s been an “arduous” year for banking customers in the United States, the report noted. Between historically high inflation and wading through… Read More

March 27, 2023 @ 6:34 pm By Omar Faridi  |  

  It’s been a stressful few years to run a small business in America — and so far 2023 has been no exception. Inflation, supply chain snags and staffing shortages continue to test business owners, the team at Next Insurance writes in a blog post…. Read More

March 27, 2023 @ 3:23 pm By Omar Faridi  |  

Crypto appears to have chosen an unlikely supporter in its ongoing struggle against oversight by the US Securities and Exchange Commission: an ex- Coinbase worker who was convicted of allegedly engaging in insider trading. This, according to a recent report by the WSJ. Ishan Wahi,… Read More

March 25, 2023 @ 7:48 am By Omar Faridi  |  

J.P. Morgan (NYSE: JPM) will begin piloting biometrics-based payments with select retailers in the U.S. This is the first pilot solution to launch from J.P. Morgan Payments’ new Commerce Solutions suite of products, “dedicated to helping merchants adapt to the rapidly evolving payments landscape.” Its… Read More

March 23, 2023 @ 8:30 am By Omar Faridi  |  

As of March 16, 2023, NYCCoin (NYC) and MiamiCoin (MIA) were no longer available to trade, buy, or sell via Okcoin. However, you can still “hold these coins in your account or withdraw them and trade them on the ALEX decentralized exchange.” The trading suspension… Read More

March 22, 2023 @ 10:47 pm By Omar Faridi  |  

Zeta, a credit card processor, and Featurespace, a firm focused on addressing enterprise fraud and financial crime prevention, announced their partnership “to bring to market a solution that combines best-in-class credit card processing and fraud detection for Issuers in the US.” Featurespace offers what it… Read More

March 22, 2023 @ 9:17 am By Omar Faridi  |  

Credit union core processor Corelation, Inc. recently announced that Mountain America Credit Union ($15.8 billion assets; 1.12 million members; Sandy, UT) has signed on to convert to the KeyStone core. Mountain America Credit Union is presently the 12th-largest credit union in the United States, serving… Read More

March 21, 2023 @ 9:13 pm By Omar Faridi  |  

There’s new regulation requiring individuals using digital payment apps to report their earnings – over $600 – directly to the IRS. This change significantly impacts business owners, side hustlers, and gig economy workers. These individuals must file Form 1099-K, creating an extra step during tax… Read More

March 21, 2023 @ 8:45 am By Omar Faridi  |  

The UK has an “impressive” innovation infrastructure, including major research universities and levels of investment in Fintech only exceeded by the US, according to an update shared by Coinbase (NASDAQ:COIN). This has “contributed to the UK’s success in incubating and hosting some of Europe’s largest… Read More

March 20, 2023 @ 10:07 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently said that Singapore’s banking system “remains sound and resilient amid heightened volatility in global financial markets following the recent closure of banks in the US.” The Singapore Dollar money market and foreign exchange market “continue to function well.”… Read More

March 19, 2023 @ 11:27 pm By Omar Faridi  |  

At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More

March 17, 2023 @ 11:11 am By Omar Faridi  |  

Vouch reportedly joins peers like Fintech Unicorn Brex in order to support Silicon Valley Bank (SVB) and “reinforce the startup ecosystem’s health and stability.” In an effort to ensure the ongoing health and stability of the startup ecosystem, Vouch announces its commitment “to continue working… Read More

March 16, 2023 @ 3:12 pm By Omar Faridi  |  

Embroker, the digital insurance platform making it a radically simple single destination to get business insurance, announced that Chris Spagnuolo has come on board as Chief Product Officer (CPO). He joins the team at a pivotal time “to continue fueling Embroker’s momentum in developing innovative… Read More

March 15, 2023 @ 10:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), the global firm focused on mission-critical, real-time payments software, announced a partnership with financial technology company RedAbierta in order “to power real-time payments in Honduras.” RedAbierta, the central infrastructure provider in Honduras, will “leverage two ACI solutions — ACI Enterprise Payments… Read More

March 15, 2023 @ 2:43 pm By Omar Faridi  |  

Global asset manager and tech lender Liquidity Group is reportedly planning “to offer about $3 billion in emergency loans to start-up clients hit by the collapse of Silicon Valley Bank.” Liquidity has “about $1.2 billion ready in cash to make available in the coming weeks,”… Read More

March 14, 2023 @ 8:14 am By Omar Faridi  |  

Alternative data specialist QuantCube Technology announced the availability of the QuantCube Industrial Production Indicator (IPI) nowcast – “providing a daily update on industrial production output in the U.S. market.” The indicator “measures year on year changes in outputs from the manufacturing, mining, electricity and gas… Read More

March 14, 2023 @ 7:45 am By Omar Faridi  |  

London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end to end KYB platform, has “established a US entity to better serve its American clients.” Since inception in July 2020, Detected claims it “has seen huge growth… Read More

March 14, 2023 @ 7:41 am By Omar Faridi  |  

Irish identity verification solution ID-Pal announced its official launch into the US market to meet the demand for its platform across the United States. Championed by Enterprise Ireland, the US launch is “building on ID-Pal’s success in serving both SMEs and enterprises across over 30… Read More

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

March 13, 2023 @ 8:49 am By Omar Faridi  |  

The Bundesbank reportedly convened its crisis team on Monday (March 13, 2023) in order to assess the impact of the fallout of the US-based lender Silicon Valley Bank (NASDAQ:SIVB) on the domestic market, even while no emergency action or measures were expected in Europe. As… Read More