Tagged: digital financial services

September 29, 2024 @ 6:14 pm By Omar Faridi  |  

Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential… Read More

September 29, 2024 @ 5:54 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, “while simultaneously reducing costs and risks through pre-configured… Read More

September 29, 2024 @ 1:02 pm By Omar Faridi  |  

Backbase is pleased to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set… Read More

September 27, 2024 @ 2:36 pm By Omar Faridi  |  

Checkout.com, a digital payments company, announced several new product updates at its global enterprise customer event, Thrive, held in Barcelona, Spain. The company offers a suite of modular payment solutions “that help businesses reduce the complexity and cost of payment processing while increasing performance and… Read More

September 26, 2024 @ 3:20 pm By Omar Faridi  |  

Nu Asset Management, Nubank’s (NYSE: NU) investment fund manager, announces the launch of Nu Ibovespa B3 BR+ (NBOV11), the first ETF on the market indexed to Ibovespa B3 BR+. The new fund is now available for trading on B3. The Ibovespa B3 BR+ is a… Read More

September 19, 2024 @ 9:54 am By Omar Faridi  |  

Brex, the corporate card and spend management platform for startups and enterprises, announced Brex Embedded payments – a new API-driven payments solution that makes it easy for B2B software vendors to accelerate customer workflows with Brex virtual cards. By integrating with providers across categories like… Read More

September 19, 2024 @ 9:18 am By Omar Faridi  |  

 Capchase, a provider of revenue acceleration solutions for SaaS, is announcing a strategic partnership with Stripe, a financial infrastructure platform for businesses. This partnership makes Capchase’s buy-now-pay-later (BNPL) solution “available within Stripe.” This marks Stripe’s first-ever B2B BNPL payment method “offering in the U.S. market.”… Read More

August 31, 2024 @ 7:07 am By Omar Faridi  |  

Galileo Financial Technologies, a financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, an expense reporting and analytics suite…. Read More

August 24, 2024 @ 11:05 am By Omar Faridi  |  

Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

August 6, 2024 @ 2:50 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More

July 8, 2024 @ 10:45 am By Omar Faridi  |  

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

June 26, 2024 @ 8:20 am By Omar Faridi  |  

Betterment, the independent digital financial advisor, announced that Betterment for Advisors, its RIA custody division, has added new integrations with eMoney Advisor, Kwanti and Panoramix, which are available immediately to all advisors on the platform. Independent advisors need tools and software that “can work together… Read More

June 21, 2024 @ 9:30 am By Omar Faridi  |  

Investments into the e-commerce enablement ecosystem contracted in Q1, producing $1.7 billion across 83 deals, marking decreases of 52.2% and 26.5%, respectively, relative to Q4 seasonal increases. This, according to a report from PitchBook. PitchBook further noted that Q1 2024 approached parity “with Q3 2023,… Read More

May 30, 2024 @ 8:36 am By Omar Faridi  |  

The board of directors of Robinhood Markets, Inc. (NASDAQ: HOOD) has authorized a $1 billion share repurchase program, “demonstrating management and the board’s confidence in Robinhood’s financial strength and future growth prospects.” Jason Warnick, Chief Financial Officer of Robinhood, said: “As our business and cash… Read More

May 26, 2024 @ 3:21 pm By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, announced  the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations. In their respective roles, Murphy and Veisz will “help to further expand DriveWealth’s footprint in global markets, develop… Read More

May 23, 2024 @ 10:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The initiatives discussed covered… Read More

May 23, 2024 @ 3:00 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement, in Q1 2024, of “a $350 million personal loan securitization” exclusively with funds and accounts… Read More

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Banque Internationale à Luxembourg (BIL), one of the largest universal banks in Luxembourg, has gone live with Temenos core banking and payments to increase agility and efficiency of its retail, corporate and private banking operations. The move gives BIL the… Read More

May 16, 2024 @ 10:36 pm By Omar Faridi  |  

Tuum, the core banking services provider, is pleased to announce a new partnership with TransactionLink, a key player focused on end-to-end KYB/KYC automation solutions. This collaboration aims to tackle “the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth… Read More

May 8, 2024 @ 9:18 am By Omar Faridi  |  

Allica Bank – the digital challenger bank built especially for established SMEs – has announced the launch of a new partnerships team, specifically focused on growing its relationships with accountancy firms across the UK. Allica, the business bank, sees accountants as “a vital connection to… Read More