Tagged: us

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

August 22, 2022 @ 11:14 pm By Omar Faridi  |  

honeygrow, the Philadelphia-based fast-casual concept, is joining forces with DailyPay – which claims to be the leader in on-demand pay. Through this partnership, honeygrow’s restaurant employees can now “access their earned pay after completing a shift.” Ultimately, DailyPay‘s benefit “allows employees to access their pay… Read More

August 22, 2022 @ 9:57 pm By Omar Faridi  |  

Neobank Chime is pleased to announce the promotion of several of its executive leadership team members “in the areas of people, customer experience, and technology.” The following leaders will now be officers of the company. Their promotions “are evidence of their contributions and impactful work… Read More

August 22, 2022 @ 6:17 am By Omar Faridi  |  

‍The National Football League (NFL), the NFL Players Association (NFLPA), and Dapper Labs Inc. recently announced that NFL ALL DAY – the “exclusive” digital video highlight NFT platform – “is officially open and available to fans worldwide, just ahead of the 2022 NFL season.” Joe… Read More

August 21, 2022 @ 8:02 pm By Omar Faridi  |  

The team at Gemini are pleased to announce the launch of Gemini Staking, which allows you to seamlessly “receive staking rewards in [their] Gemini account.” As of August 18, you may “start staking MATIC on the Polygon network.” Ethereum (ETH), Solana (SOL), Polkadot (DOT), and… Read More

August 19, 2022 @ 3:47 pm By Omar Faridi  |  

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, announced it has partnered with Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace, “to offer AI-powered personal loans nationwide.” Charles… Read More

August 18, 2022 @ 7:38 pm By Omar Faridi  |  

Currencycloud, a Fintech firm focused on simplifying business in a multi-currency environment, has partnered with Future FinTech Labs (FTFT Labs) in order to introduce the remittance app Tempo, which provides US-based immigrants a secure and cost-effective way to send funds. Tempo facilitates fund transfers to… Read More

August 18, 2022 @ 8:57 am By Omar Faridi  |  

Social investment platform eToro is expanding its presence in the United States after entering a definitive agreement to acquire options trading platform Gatsby for approximately $50 million. EToro had filed with the US Securities and Exchange Commission (SEC) for regulatory clearance back in December 2021…. Read More

August 17, 2022 @ 9:39 pm By Omar Faridi  |  

The Federal Reserve Board on Monday (August 15, 2022) announced final guidelines that establish “a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services.” The final guidelines are substantially “similar to… Read More

August 17, 2022 @ 2:46 pm By Omar Faridi  |  

MX, a firm focused on the Open Finance ecosystem, recently announced that Guild Financial, an investing platform helping the U.S. military community, is “leveraging MX to enable military service members, veterans, and their families to easily and securely connect financial data to help them build… Read More

August 17, 2022 @ 2:17 pm By Omar Faridi  |  

SigFig, a key player focused on enterprise financial technology that develops next-generation products for banks and wealth management firms, announced the appointment of Amanda LaFerriere, a “results-driven” product executive, as Chief Product Officer and Clifford Schoeman, a strategic executive “with extensive knowledge of wealth management,… Read More

August 17, 2022 @ 8:27 am By Omar Faridi  |  

Focused Labs, a digital transformation consultancy and software development firm,  announced it has joined the Stripe Partner Ecosystem “to help enterprises modernize their payment systems and deliver better customer experiences at check-out.” Focused Labs and Stripe, a financial infrastructure platform for businesses, will “help customers… Read More

August 16, 2022 @ 3:13 pm By Omar Faridi  |  

The early stages of the COVID-19 pandemic were a “hive of activity” for small businesses, with a striking 53% jump in applications to start new companies, according to an update from Fundbox. Now macro economic factors, from inflation to staffing shortages, “are posing significant challenges… Read More