Tagged: financial services

November 8, 2023 @ 9:47 am By Omar Faridi  |  

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

November 8, 2023 @ 8:11 am By Omar Faridi  |  

Volt, the global real-time payments platform, recently announced that Matt Henderson, former CEO of Stripe Europe, ex-Google, ex-Amazon, has now “joined as a Special Advisor to the Board.” Henderson reportedly joins Volt at a critical inflection point “for the company, following the successful completion of… Read More

November 8, 2023 @ 8:00 am By Omar Faridi  |  

OakNorth, a UK digital bank, says it has launched its business banking services, aimed at “helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s current financial landscape.” OakNorth is authorized and regulated by the Prudential Regulation Authority and the… Read More

November 7, 2023 @ 10:37 pm By Omar Faridi  |  

The past year has been challenging for the Australian fintech sector, according to the KPMG Australian Fintech Survey Report 2023, “with both total investment and the number of deals materially dropping compared to the previous year.” This has led to a decline in the total… Read More

November 7, 2023 @ 9:53 pm By Omar Faridi  |  

NatWest and IBM (NYSE: IBM) announced enhancements to the bank’s virtual assistant, Cora, that will use generative AI to provide customers with access to a wider range of information through conversational interactions. The bank will be among the first in the UK to deploy generative… Read More

November 7, 2023 @ 2:05 pm By Omar Faridi  |  

Ledge, the automated finance operations OS, released a finance industry report with new benchmark data that shows that finance teams at tech companies are forced “to inefficiently scale their headcount to manage the heavy workload of their finance operations.” Ledge’s research found that “as businesses… Read More

November 7, 2023 @ 1:34 pm By Omar Faridi  |  

Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth, a part of Merrill Private Wealth Management. The research found 33% of families “increased family… Read More

November 7, 2023 @ 7:20 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping service assistance provider, reported its latest financial results revealing “a net profit in Q3 2023.” Sebastian Siemiatkowski, CEO of Klarna said: “With a profitable quarter and continuous double digit growth, we have achieved exactly what we set… Read More

November 6, 2023 @ 11:53 pm By Omar Faridi  |  

Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from global small business platform Xero. The report titled “Money matters: navigating the impact of… Read More

November 6, 2023 @ 9:59 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider,  reported its financial results “for the three-quarters of 2023.” With revenue growth of 54% from a year ago, the company has “achieved a historic milestone by attaining a three consecutive quarter profit of EUR… Read More

November 6, 2023 @ 8:23 am By Omar Faridi  |  

Businesses can earn returns on their US-dollar balances without opening an overseas bank account with a new Australian-first account from global financial platform Airwallex. Airwallex’s Yield also “offers Australian businesses more than double the big banks’ returns on AUD funds, all without minimum lock up… Read More

November 5, 2023 @ 6:46 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a global API management and integration software firm,  released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults “about their expectations and top concerns about how… Read More

November 5, 2023 @ 5:42 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, has raised $200 million in equity financing led by Wellington Management, which claims to be one of the world’s major independent investment management firms. The equity financing drew additional participation “from growth equity investor Bluepool Capital,… Read More

November 5, 2023 @ 2:38 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is pleased to announce its Pay-by-Bank services in North America will launch in early 2024 in partnership with Plaid, the digital finance innovator that makes it easy, safe and reliable for people… Read More

November 4, 2023 @ 3:34 pm By Omar Faridi  |  

Enterprise fintech VC deal activity saw a slight uptick in Q3. Deal value rose from $3.9 billion in Q2 to $4.1 billion, “representing a 5.1% QoQ increase. On a YoY basis, however, deal value was down 33.0%, highlighting the more conservative deployment of capital from… Read More

November 4, 2023 @ 1:16 pm By Omar Faridi  |  

Spendology,  a Fintech licensing a digital-first SaaS-based travel money platform to retailers worldwide, has raised 117% (£351,210) of its £300,000 target (at the time of writing) through its crowdfunding campaign, carried out via Seedrs, with contributions from 199 investors. Located in London, Spendology operates in the… Read More

November 4, 2023 @ 10:47 am By Omar Faridi  |  

Retail workers are able to avoid “financially crippling” fees associated with payday loans and late penalties, while amassing less credit card debt when they have access to the financial wellness benefit of DailyPay, according to an update shared by the Fintech firm. The research follows… Read More

November 3, 2023 @ 10:51 pm By Michael Wong  |  

TAS, an Italian banking and financial services software provider, has announced the appointment of Fabio Benasso, a long-standing Accenture executive, as its new group president. The decision came following a recent meeting of the Board of Directors, marking a new chapter in the company’s pursuit… Read More

November 3, 2023 @ 2:21 pm By Omar Faridi  |  

Americans are shopping earlier than ever before and leveraging flexible payments to manage their expenses during the holiday season according to newly released research from leading financial services company Zip Co (ASX: ZIP). The survey of more than 3,000 U.S. adults revealed “that 57% of… Read More

November 2, 2023 @ 1:06 pm By Omar Faridi  |  

Figure Lending LLC and Figure Technologies, Inc., a key player focused on transforming financial services through the power of blockchain technology, announced it has expanded its Partnership business to “include an increased offering under the Lending-as-a-Service (LaaS) platform, in addition to the previously launched Wholesale… Read More