Tagged: financial services

December 21, 2023 @ 5:07 am By Omar Faridi  |  

Virgin Money has announced the launch of a new pension offering, enhancing its digital platform and further extending its partnership with FNZ. The digital investment solution was initially “launched in April 2023, and aimed to make investments more accessible, straightforward and transparent for UK retail… Read More

December 21, 2023 @ 2:25 am By Omar Faridi  |  

Digital bank Revolut is reportedly expecting to make $1.9 billion in revenue for 2023, almost twice the $1 billion it made in the last 12 months. This, according to an update from Bloomberg. The Fintech firm’s monthly revenue has averaged around $158 million during H1… Read More

December 20, 2023 @ 11:37 am By Omar Faridi  |  

Proxymity, the digital investor communications platform, has recently announces the launch of its digital proxy voting service – Proxymity Vote Connect Total (VCT) – to BNY Mellon (NYSE: BK) clients in the UK in time for the 2024 voting season. The launch follows Proxymity and… Read More

December 19, 2023 @ 11:44 pm By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now reportedly has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated… Read More

December 19, 2023 @ 9:28 pm By Omar Faridi  |  

Tamara, the fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom’s “first” homegrown fintech unicorn by securing $340 million in a Series C equity funding round. This investment round was… Read More

December 19, 2023 @ 8:39 pm By Omar Faridi  |  

Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, announced it has been selected as the primary digital asset execution partner of Tradu, an all-new, multi-asset “super app” for active traders that is launching this month… Read More

December 19, 2023 @ 3:22 pm By Omar Faridi  |  

Xero, the global small business platform, today announced it is partnering with Flinks, a key player focused on open banking, to give small businesses in Canada and the United States secure access to more than 20 direct bank connections and high quality transaction data. The… Read More

December 19, 2023 @ 2:25 pm By Omar Faridi  |  

TD Bank Group and Plaid announced that they have entered into a North American data-access agreement that will enable TD customers in Canada and the U.S. to more securely connect to and “share financial data with Plaid’s data network of over 8,000 + apps and… Read More

December 19, 2023 @ 12:59 pm By Omar Faridi  |  

In today’s evolving payments landscape, fintechs of all shapes and sizes are seeking “to carve out their unique niche,” according to an update from Visa (NYSE: V). Fintech builders need ways to differentiate their various product offerings – and embedding payment capabilities has proven to… Read More

December 18, 2023 @ 10:34 pm By Omar Faridi  |  

Launched with the intention to provide accessible, fair, and simple tools for wealth generation, RUUT is addressing Mexico’s unique challenges faced by new investors. Currently situated in Mexico City and supported by Alpaca’s Broker API, RUUT has seen significant growth since their launch while “ensuring… Read More

December 18, 2023 @ 9:27 pm By Omar Faridi  |  

Chime is pleased to welcome Shara Chang to the company as Chief Compliance Officer. Shara reportedly “brings 15 years of financial services, fintech, and consumer protection experience to Chime.” She’s previously advised banks and high-growth companies “on regulatory compliance, risk management, and product development.” As… Read More

December 18, 2023 @ 11:40 am By Omar Faridi  |  

Blend has shared the 2023 Mortgage Suite ROI Study. Jordan Brown, CEO of MarketWise Advisors LLC, has distributed the third annual Blend return on investment (ROI) impact analysis “conducted by MarketWise Advisors.” The study reportedly provides “an independent evaluation of Blend’s mortgage technology and its… Read More

December 18, 2023 @ 7:52 am By Omar Faridi  |  

Klarna, the AI-powered payments network and shopping assistant, announced an agreement with CarTrawler, the B2B technology provider of car rental and mobility solutions to the global travel industry. Under the agreement, travelers can now pay for their car rental “using Klarna’s full range of flexible… Read More

December 17, 2023 @ 9:51 pm By Omar Faridi  |  

Glory, a global enabler of cash technology solutions for the financial, retail, and quick service restaurant industries, announced the acquisition of additional shares in OneBanx, a fully managed shared banking solutions provider. As a result, Glory now reportedly “holds 91.99% of OneBanx’s outstanding shares. (The… Read More

December 16, 2023 @ 5:31 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a partnership with Zenni Optical, the online eyewear retailer. Now, eligible shoppers can pay over time for their favorite items “from Zenni’s extensive selection of fashionable and high-quality prescription and… Read More

December 16, 2023 @ 5:25 pm By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers worldwide, has announced that its customers have raised over £1 million in order “to support refugees around the world through UK for UNHCR, the UN Refugee Agency’s national partner for the UK.” The milestone… Read More

December 16, 2023 @ 5:22 pm By Omar Faridi  |  

In a key development for wholesale finance and digital asset markets, the initiation of the Sterling Fnality Payment System (£FnPS) brings together the institutional quality of central bank funds in a systemic wholesale payment system with the functionality and resilience of blockchain tech. Lloyds Banking… Read More

December 16, 2023 @ 9:49 am By Omar Faridi  |  

U.S. retail investors are more scared about the prospect of losing money than possibly missing out on the next big opportunity according to new research from trading and investing platform eToro. eToro’s Rethinking Risk research reveals “that 61% of U.S. retail investors say that their… Read More

December 14, 2023 @ 9:25 pm By Omar Faridi  |  

One in five are not confident that their organizations are well-positioned to “take advantage of the potential benefits AI might bring,” according to an update from Ernst & Young LLP (EY US) which released its 2023 Financial Services GenAI Survey. Nearly all (99%) of the financial… Read More

December 14, 2023 @ 9:10 pm By Omar Faridi  |  

OP and Nordea are establishing a joint venture whose goal is to solve payment challenges domestically. The plan is to develop solutions for paying “by phone number and managing e-invoices that benefit both consumers and companies.” The solution is built to “be open to other… Read More