Tagged: us

December 17, 2021 @ 7:14 pm By Omar Faridi  |  

Aliaswire, a provider of digital payment and credit solutions for businesses and financial institutions, and Nacha have revealed that Aliaswire will be joining the Phixius Peer-to-Peer Network for the exchange of payment-related data. Established and operated by Nacha, the Phixius Peer-to-Peer Network enables participants to… Read More

December 17, 2021 @ 3:23 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time digital payment software, has announced a partnership with KyckGlobal, a virtual payments company, in order to improve digital disbursements for biller organizations across the US, offering a wide array of options including global and cash payments…. Read More

December 17, 2021 @ 1:59 pm By Omar Faridi  |  

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions to combat money laundering, terrorist financing, and other financial crimes, is issuing a request for information (RFI) “seeking comments on ways to… Read More

December 16, 2021 @ 11:43 pm By Omar Faridi  |  

Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021. Here are the key highlights (shared by Prosper) from the report. Performance Update In November 2021, around 62% of loan originations “were rated AA-B.” Average loan size “decreased… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

December 15, 2021 @ 6:45 pm By Omar Faridi  |  

Equifax (NYSE: EFX) has introduced a solution designed to help B2B transactions occur faster, “with a higher degree of certainty and at a lower cost.” The OnboardConnect solution brings together differentiated data sources and analytics that ‘Only Equifax’ can offer to “enable near real-time business… Read More

December 15, 2021 @ 5:08 pm By Omar Faridi  |  

Engagement Banking technology provider Backbase has announced that it is teaming up with Blue Federal Credit Union, a credit union with head offices in Wyoming and serving communities across the Western United States, to “reinvent the digital experience for all of Blue’s retail and business… Read More

December 15, 2021 @ 9:30 am By Omar Faridi  |  

The NBA’s Golden State Warriors and FTX US have announced a new and “first-of-its-kind” cryptocurrency partnership in professional sports. As the Warriors’ Official Cryptocurrency Platform and NFT Marketplace, the franchise will “drop NFTs on FTX.us, beginning in early 2022.” As mentioned in an update shared… Read More

December 14, 2021 @ 7:54 am By Omar Faridi  |  

Beginning on Monday December 13, 2021, clients may transfer DESO tokens into their Coinbase Pro accounts ahead of trading. As noted in the announcement, support for DESO will “generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here.”… Read More

December 13, 2021 @ 10:12 am By Omar Faridi  |  

MX, the financial data platform that claims to be a leader in modern connectivity, has announced that First Foundation Bank (NASDAQ: FFWM) has now gone live on the MXmobile platform for mobile banking, “staying true to First Foundation Bank’s digital strategy of delivering modern, engaging… Read More

December 12, 2021 @ 12:08 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the need to keep up with evolving customer behavior in retail and online banking is “not a new pursuit for financial services organizations, but it is becoming increasingly more important.” According to Blend, that’s because the market… Read More

December 10, 2021 @ 10:49 am By Omar Faridi  |  

In less than six months, the Mass Fintech Hub, a public-private partnership dedicated to making the Commonwealth a key player in Fintech, has more than doubled its membership and received “hundreds of requests to join its growing programming geared towards developing fintechs.” As mentioned in… Read More

December 9, 2021 @ 7:48 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, has announced the launch of the Klarna browser extension, which had been in “beta testing with over 100,000 consumers.” The extension enables consumers to “shop with Klarna’s flexible payment options on their desktop at every online… Read More

December 8, 2021 @ 2:57 pm By Omar Faridi  |  

Zirtue, the relationship-based lending app with a goal to promote financial inclusion, has  announced the launch of their Alternative Payment Solution for businesses. As mentioned in a release, the solution allows businesses to “utilize Zirtue as a payment option for their customers to pay bills… Read More

December 8, 2021 @ 11:56 am By Omar Faridi  |  

Bob Lee, ex- Chief Technical Officer at Square (now doing business as Block), has reportedly joined MobileCoin as its Chief Product Officer. As an early investor in and advisor to the crypto and virtual payments startup, Bob helped “shape product and technology strategy.” He now… Read More

December 8, 2021 @ 11:21 am By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a provider of tech solutions and payment processing services for the financial services industry. Its Symitar division announced that $1.02 billion-asset Westmark Credit Union will “convert to Symitar in a private cloud environment.” Unable to seamlessly add modern… Read More

December 7, 2021 @ 11:17 am By Omar Faridi  |  

CME Group, which claims to be the most diverse derivatives marketplace, has launched Micro Ether futures, further “expanding its suite of cryptocurrency derivatives offerings, and marking its second micro cryptocurrency product this year.” Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment… Read More

December 6, 2021 @ 10:41 pm By Omar Faridi  |  

UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

December 6, 2021 @ 2:44 pm By Omar Faridi  |  

Matt Kaufman, Attorney/Partner at Hathaway & Kunz, LLP, noted on December 2, 2021, that it was a big day for Wyoming, due to the official launch of the Wyoming Chancery Court. As explained by Kaufman, it is a new home court for digital asset disputes… Read More

December 5, 2021 @ 6:47 pm By Omar Faridi  |  

Stax, the comprehensive payment tech provider, announced earlier this week its acquisition of CardX, an automated surcharging platform, to make surcharging “more transparent and easier for U.S. merchants and cardholders.” The update also mentioned that this deal “marks Stax’s third acquisition of 2021, adding to… Read More