Tagged: us

February 19, 2023 @ 11:37 am By Omar Faridi  |  

Early Warning Services, LLC, the network operator of Zelle, announced more than 1,800 financial institutions (FIs) are part of the Zelle Network. In 2022, 97% of FIs that joined the network “have under $10 billion in assets.” Al Ko, Chief Executive Officer at Early Warning,… Read More

February 17, 2023 @ 4:11 pm By Omar Faridi  |  

Market uncertainty and increased costs continue “to challenge small businesses, and many will rely on extended credit lines and loans to weather the current environment and grow their businesses,” according to an update from Mastercard (NYSE: MA). Mastercard is announcing that it has “added advanced… Read More

February 16, 2023 @ 9:16 am By Omar Faridi  |  

Binance, the world’s largest digital currency exchange, is reportedly expecting to pay monetary penalties in order to settle US regulatory and law-enforcement investigations of its operations. This, according to the company’s CSO (as reported by the WSJ). Over the past five years, Binance has managed… Read More

February 14, 2023 @ 3:52 pm By Omar Faridi  |  

Royal Bank of Canada (RBC) announced that it has “acquired OJO Canada — the Canadian operations of U.S.-based real estate technology company, OJO Holdings Corp.” The acquisition further “enables RBC’s commitment to supporting Canadians at every stage in their home buying journey by offering intuitive,… Read More

February 13, 2023 @ 4:19 pm By Omar Faridi  |  

LegalZoom.com, Inc. (Nasdaq: LZ), the firm focused on online business formation and a key player in legal, compliance and tax solutions, and NEXT Insurance, a digital insurtech company transforming small business insurance, announced a partnership “to better help small business owners create and protect their… Read More

February 13, 2023 @ 11:47 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance “for the branded stablecoin BUSD.” Effective February 21, Paxos will “cease issuance of new BUSD tokens as directed by and working in close coordination with the New York Department… Read More

February 13, 2023 @ 7:39 am By Omar Faridi  |  

Trustly, the global firm focused on Open Banking Payments, partners with PointsBet, an  online gaming operator, “to offer its players Instant Payouts in the United States, powered by Cross River.” In partnership with Cross River Bank, a financial services and technology infrastructure provider that offers… Read More

February 12, 2023 @ 12:47 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a consumer-oriented technology company in China, today announced that the company has “regained compliance with the New York Stock Exchange’s (NYSE) continued listing standard for share prices as confirmed by a notification letter from the NYSE on February 1, 2023.” On… Read More

February 10, 2023 @ 6:37 pm By Omar Faridi  |  

US Fintech Alloy has launched in the UK, strengthening its presence in EMEA “with key senior hires and office space in London.” Alloy‘s Identity Decisioning Platform “helps banks and fintech companies to make smarter and faster decisions about the risk profile of each customer, and… Read More

February 10, 2023 @ 8:44 am By Omar Faridi  |  

  Digital asset firm Kraken’s settlement with the US Securities and Exchange Commission (SEC) has left many wondering what this means for the industry’s future. Fireblocks’ Chief Legal & Compliance Officer Jason Allegrante and Proof of Stake Alliance (POSA)’s Executive Director Alison Mangiero have the… Read More

February 8, 2023 @ 8:54 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its annual findings on US-issued financial institution fines. The study, which analyzed year-over-year (YoY) penalties levied by US financial regulators, revealed “that the total value of penalties issued rose 151% YoY; that US… Read More

February 8, 2023 @ 2:47 pm By Omar Faridi  |  

Sionic, a provider of omni-commerce, faster digital payments solutions, today announced it is launching a suite of new, trust-based services “to address the significant challenges facing faster payments in the U.S. whether on The RTP® Network or upcoming FedNow™ bank rails.” The services are “designed… Read More

February 8, 2023 @ 12:17 pm By Omar Faridi  |  

Larky, a Fintech provider helping financial institutions connect with their audience in the right place and at the right time, announced its launch with Marshfield, Wis.-based Forward Bank. The bank has introduced Larky’s nudge push notifications in order to provide its account holders with more… Read More

February 8, 2023 @ 1:17 am By Omar Faridi  |  

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment. This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.” The additional financing… Read More

February 6, 2023 @ 8:09 am By Omar Faridi  |  

Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among… Read More

February 3, 2023 @ 7:23 pm By Omar Faridi  |  

In an effort to lead the industry in “trust” and “transparency” on their mission to accelerate the adoption of cryptocurrency, Kraken is pleased to release its 2022 Transparency Report. The 2022 Transparency Report “provides a summary of how they protect their clients’ privacy and financial… Read More

February 3, 2023 @ 10:37 am By Omar Faridi  |  

SEJ Services, which claims to be the most-trusted choice for janitorial and facility services throughout the Southeastern United States, has partnered with DailyPay–the provider of on-demand pay. Through this partnership, SEJ Services adds “an essential financial tool to its existing suite of employee benefits allowing… Read More

January 31, 2023 @ 10:09 pm By Omar Faridi  |  

BNP Paribas Asset Management (BNPP AM) announces the appointment of Geoff Dailey as Deputy Head of US Equities, with effect from February 2023. He will succeed Pamela Woo as Head of US Equities “following her planned retirement at the end of June 2023.” Pamela retires… Read More

January 30, 2023 @ 8:51 pm By Omar Faridi  |  

Commonwealth and JPMorgan Chase (NYSE:JPM) announced the next phase of their collaboration to address “the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households.” This project… Read More

January 28, 2023 @ 9:11 am By Omar Faridi  |  

The Federal Reserve Board announced its denial of the application by Custodia Bank, Inc., Cheyenne, Wyoming, “to become a member of the Federal Reserve System.” The Board has concluded that the firm’s application “as submitted is inconsistent with the required factors under the law.” Custodia… Read More