Tagged: financial services

December 28, 2023 @ 8:56 am By Omar Faridi  |  

Bank of Ireland credit and debit card data for the first two weeks of December revealed that spending levels rose nationwide compared to the same period in 2022. Cavan shoppers engaged in “the biggest pre-Christmas splurge, with spending in the county rising by 11% during… Read More

December 27, 2023 @ 10:09 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) claims that it has had a “busy” and “productive” 2023, marked by the achievement of several significant milestones and the launch of new initiatives. This included the opening of new offices “in New York and London, strategically positioning… Read More

December 27, 2023 @ 9:22 am By Omar Faridi  |  

Chancellor Jeremy Hunt has (21 December) signed the Berne Financial Services Agreement, a pact on financial services cooperation, with his Swiss counterpart Karin Keller-Sutter. The agreement sets sectors where the UK and Switzerland will “mutually recognize each other’s domestic laws and regulations on financial services,… Read More

December 26, 2023 @ 8:38 am By Omar Faridi  |  

CSI, a provider of end-to-end financial software and technology, announced today it has acquired St. Louis, Missouri-based software provider Hawthorn River, which offers a modern, single-platform loan origination system (LOS) “purpose-built for community banks.” The transaction reportedly follows “a successful commercial partnership between the two… Read More

December 24, 2023 @ 6:50 am By Omar Faridi  |  

In an effort to streamline its customer service operations and enhance its customers’ digital banking experience, Libyan Islamic Bank (LIB) has partnered with Backbase, the enabler of engagement banking platform solutions worldwide. Established in 2017 with a primary focus on retail and corporate segments, LIB… Read More

December 23, 2023 @ 11:09 am By Omar Faridi  |  

Rabobank is pleased to announce that Carlo van Kemenade will join the Managing Board as Director of Retail Netherlands “as of 1 April 2024.” As a member of the Managing Board, he will be “responsible for the entire Retail domain in the Netherlands for a… Read More

December 23, 2023 @ 4:12 am By Omar Faridi  |  

PhonePe announced the launch of a new ‘Credit’ section on its platform. The new section will allow users “to view their credit bureau score without any additional cost, conveniently manage their credit/ Rupay cards and repay loans and credit card bills.” The Credit bureau report also… Read More

December 23, 2023 @ 3:34 am By Omar Faridi  |  

Binance recently revealed that it administered “a survey to better understand their users’ motivations and reasons for using digital assets.” Drawing on a sample of over 1,000 respondents, the Binance survey found “that nearly half (45%) listed earning extra income as their primary use for… Read More

December 22, 2023 @ 3:07 pm By Omar Faridi  |  

WealthKernel, a wealthtech provider of digital investment solutions, announces the launch of US equities trading for new and existing clients. This strategic move positions WealthKernel among “the select group of API-first companies to offer institutional-grade UK and US equities trading at highly competitive prices.” Wealthyhood,… Read More

December 22, 2023 @ 12:33 pm By Omar Faridi  |  

Centi is announcing the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders. Recognized for its proficiency in processing transactions as small as a cent, Centi claims that it  is now poised “for… Read More

December 22, 2023 @ 8:55 am By Omar Faridi  |  

Atomic is pleased to announce its partnership with OneSource Virtual (OSV), a collaboration designed to deliver a simplified and secure direct deposit management solution to millions of American workers. This partnership will enable Atomic “to directly connect with OneSource Virtual customers to provide their employees… Read More

December 22, 2023 @ 6:17 am By Omar Faridi  |  

Leonteq AG (SIX: LEON) has reportedly acquired a 10% stake in the Swiss stock exchange BX Swiss. Leonteq thus becomes a shareholder of BX Swiss and “expands its ecosystem with an important player in the Swiss financial market.” With the acquisition of a 10% stake… Read More

December 22, 2023 @ 4:25 am By Omar Faridi  |  

American Express (NYSE: AXP) announced it is expanding Card Member and Merchant protection by launching SafeKey EMV 3-D Secure 2.3 capabilities. American Express is the first network “to upgrade to SafeKey 2.3, underscoring its commitment to providing a secure checkout experience.” Through SafeKey 2.3, American… Read More

December 21, 2023 @ 5:25 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility “obtained by a fintech company in the MENA region.” In parallel to the securitization financing, Tabby has “extended… Read More

December 21, 2023 @ 12:15 pm By Omar Faridi  |  

iCapital, a global fintech platform enabling access to alternative investments for the wealth management industry, has partnered with investor services group IQ-EQ to establish a new series of French domiciled funds, which will “increase access for individual investors resident in France to global alternative investment… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, which claims to be one of Europe’s largest small business lenders, reveals “that more than two in five (44%) SME owners… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

There is reportedly a strong correlation between a bank’s technology choices and its performance, showing that overall success hinges “on deft use of technology rather than on simply spending more on technology,” according to an update from Bain & Company. Bain & Company analysis finds… Read More

December 21, 2023 @ 9:06 am By Omar Faridi  |  

Uber for Business, Uber’s enterprise arm, announced it has integrated with leading expense management providers Brex and Ramp. The integrations will automate receipt matching “for Uber rides and meals, which rank among the most-expensed items for employees.” This will help companies “of all sizes simplify… Read More

December 21, 2023 @ 8:45 am By Omar Faridi  |  

Thredd, the issuer payments platform, announced that 2023 will deliver the “best” performance in the company’s history. With strong support from investors including Advent International, Viking Capital, Temasek and Mission OG, Thredd expanded its leadership role in “the payment ecosystem, driving client-centric expansion across global… Read More

December 21, 2023 @ 8:06 am By Omar Faridi  |  

Over a quarter (27%) of British small and medium-sized businesses have “admitted to being owed between £5,000 and £20,000 in unpaid invoices” according to research by Payit, NatWest’s open banking payments solution. The impact of late payments has been felt “across the country, with SMEs… Read More