Tagged: us

September 22, 2021 @ 2:15 pm By Omar Faridi  |  

SWEET is reportedly working on what it claims to be a “first-of -its-kind” collaboration with fast-food giant Burger King. According to a note shared with CI, this will bring “a new level of awareness” to crypto with assistance from SWEET, the enterprise-focused NFT solution that… Read More

September 22, 2021 @ 1:34 pm By Omar Faridi  |  

Centennial Bank (NASDAQ: HOMB) has teamed up with FINBOA, an innovator in digital automation and regulatory compliance for financial institutions, in order to boost efficiency and cut down bank losses, while also enhancing client experience and empowering workers via process automation. As virtual payments and… Read More

September 20, 2021 @ 2:22 pm By Omar Faridi  |  

UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

September 19, 2021 @ 7:24 pm By Omar Faridi  |  

Digital assets firm Binance has expanded its Audit and Investigations team with the appointment of Nils Andersen-Röed from Europol where he served as a specialist on the Dark Web team. As mentioned in the update from Binance, Nils will be tasked with focusing on conducting… Read More

September 19, 2021 @ 6:15 pm By Omar Faridi  |  

Pine Labs, which is one of Asia’s leading merchant commerce platforms, revealed earlier this week that it has finalized a new investment round in the company “with the entry” of Invesco, a US-headquartered investment management firm. Invesco Developing Markets Fund has reportedly invested $100 million… Read More

September 19, 2021 @ 4:53 pm By Omar Faridi  |  

TrueAccord Corporation, which provides intelligent digital recovery and communication products and services, reveals that it has introduced Retain, a new, client-branded product that aims to address early-stage collection challenges for lenders and various other organizations with clients with “past-due delinquent accounts.” Using the firm’s patented,… Read More

September 18, 2021 @ 1:20 pm By Omar Faridi  |  

Digital assets firm Coinbase (COIN: Nasdaq) reveals that Horizen (ZEN) is now available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase clients are now able to trade, send, receive, or store ZEN crypto tokens in “most Coinbase-supported regions,” with certain exceptions due… Read More

September 18, 2021 @ 12:12 pm By Omar Faridi  |  

Blumberg Capital revealed on Friday (September 18, 2021) that it has secured $225 million as part of its fifth fund, which focuses on making strategic investments into early-stage ventures. Blumberg was established around 30 years back by Jewish entrepreneur David Blumberg and has reportedly invested… Read More

September 17, 2021 @ 11:31 am By Omar Faridi  |  

Lendio, the leading SME financial solutions marketplace, reveals that it has made an asset purchase of Laso’s Loan Origination Software (LOS) and insights technology, which should help further its goal of supporting SMBs. This should serve as the foundation for a customer-centric product offering for… Read More

September 17, 2021 @ 10:57 am By Omar Faridi  |  

MX and Mahalo Technologies have announced a new partnership. Through their partnership, the companies will aim to provide financial data solutions, insights and actionable tools to credit unions. They will also focus on supporting members to become financially independent. MX, which is the financial data… Read More

September 17, 2021 @ 8:18 am By Omar Faridi  |  

Validis, the provider of open accounting data analytics, reveals that it has teamed up with Bank North, the recently accredited SME-focused virtual bank. Having acquired a UK banking permit (Authorization with Restrictions), Bank North is prepared to launch its first lending pod in Manchester this… Read More

September 16, 2021 @ 2:26 pm By Omar Faridi  |  

Prosper, a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of August 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated September 15,… Read More

September 16, 2021 @ 10:15 am By Omar Faridi  |  

Airbase, the spend management platform for firms from founding to IPO, reveals that it has become the “first” spend management service to support local and global subsidiaries and currencies for US-based companies. Firms with entities across the globe and across the US may now take… Read More

September 16, 2021 @ 9:49 am By Omar Faridi  |  

Digital assets firm Gemini reveals that it now supports trading with Moss Carbon and Terra, in addition to new metaverse, infrastructure, and stablecoin tokens. As mentioned in an update shared with CI: “Today, [the Gemini team is] delighted to announce support for a new set… Read More

September 15, 2021 @ 11:17 am By Omar Faridi  |  

Immigrants have been neglected by traditional banking and financial institutions. Our financial systems and related practices have been developed for a consumer who has been raised in the US or has a considerable amount of financial knowledge. Our systems tend to make many assumptions as… Read More

September 9, 2021 @ 1:30 pm By Omar Faridi  |  

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

September 8, 2021 @ 11:08 pm By Omar Faridi  |  

Finxact, an established Core as a Service banking provider, reveals that Live Oak Bank, a small business bank, has converted its retail and commercial deposit accounts to the Finxact Core. The conversion serves as an inflection point for the sector with a $8 billion+ banking… Read More

September 8, 2021 @ 1:44 pm By Omar Faridi  |  

Digital assets exchange EQONEX (Nasdaq: EQOS) reveals that it will be conducting its first  airdrop of EQO dollars (EQO-D) “exclusively for the holders of its native token EQO.” As mentioned in a release shared with CI: “Under the terms of the airdrop, 100 EQO-D will… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

September 4, 2021 @ 4:56 pm By Omar Faridi  |  

epay, the virtual payments division of Fintech solutions and payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), recently revealed that it has completed the integration of the PayPal QR Code in their point-of-sale (POS) solution. The new solution is now live in Germany and will be offered… Read More