Tagged: financial services

June 4, 2024 @ 2:55 pm By Omar Faridi  |  

Founded by Nick Perrett of digital bank Tandem, Ricky Knox of Tandem and Azimo, and Phil Bungey of Nutmeg, new WealthTech platform Prosper is offering an alternative to how people save and invest. Where other FinTechs have transformed payments, currency exchange and banking, Prosper is… Read More

June 3, 2024 @ 6:45 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, reported its Q1 2024 financial results, revealing another profitable quarter and continued growth outpacing ecommerce. Sebastian Siemiatkowski, CEO of Klarna, said: “Klarna continues its acceleration with 29% revenue growth year on year, coupled with the power… Read More

June 3, 2024 @ 6:44 am By Omar Faridi  |  

Richard Andrews, KPMG’s head of ESG for financial services, has recently commented on the UK Financial Conduct Authority’s (FCA) anti-greenwashing rules (AGR), which come into force recently. Andrews noted: “While we expect the FCA to take a pragmatic approach and give authorised firms some leeway… Read More

June 2, 2024 @ 1:49 pm By Omar Faridi  |  

In an increasingly globalized economic and financial landscape, companies are adopting innovative measures to improve their operations: increasing their speed and reducing costs. This, according to a comprehensive report from Bitso. In this context, Bitso explains that the use of the crypto ecosystem and blockchain… Read More

June 1, 2024 @ 8:17 pm By Omar Faridi  |  

UK Finance has recently released its financial services manifesto, outlining key priorities the next government should focus on. David Postings, Chief Executive of UK Finance, said: “The UK’s financial services sector is a global success story and one any future government should seek to partner… Read More

May 28, 2024 @ 12:18 pm By Omar Faridi  |  

UnaFinancial, the parent company of the Robocash investment platform, announced an upcoming release of the audited special purpose consolidated financial statements for the year ended December 31, 2023. The financial statements have been prepared in “accordance with the International Financial Reporting Standards (IFRS) and audited… Read More

May 27, 2024 @ 10:02 pm By Omar Faridi  |  

Mass Fintech Hub, a public-private partnership dedicated to making the state a global leader in Fintech, announced the Mass Bankers Association, a multi-faceted banking trade group representing over 120 banks, as its newest member. With this addition, the collaborative has “welcomed nearly 55 member organizations… Read More

May 23, 2024 @ 12:01 pm By Omar Faridi  |  

FairPlay, a Fairness-as-a-Service company, announced a customer relationship with Chime, a financial technology platform founded on the belief that everyday people deserve access to helpful, transparent and fair banking services to unlock financial progress. Chime will implement FairPlay’s solutions in “the underwriting models powering the… Read More

May 23, 2024 @ 8:32 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) is making a major shift in how we offer margin investing to better serve our customers on their financial journey. Robinhood notes in a blog post that it is pleased to launch what they claim to be “the lowest margin rates among  brokerages,… Read More

May 22, 2024 @ 8:43 am By Omar Faridi  |  

Taurus, a global firm focused on institutional-grade digital asset infrastructure, announces the opening of its newest office in Vancouver, Canada, the first in North America. This expansion marks a significant milestone in Taurus‘ international growth strategy and reinforces its position as a technology provider in… Read More

May 19, 2024 @ 1:38 pm By Omar Faridi  |  

With nearly three-fourths (73%) of consumer loan customers now categorized as financially unhealthy1, up from 67% in 2023, lenders “have their work cut out for them delivering products that meet customer needs in a persistently high interest rate environment.” According to the J.D. Power 2024… Read More

May 17, 2024 @ 7:17 pm By Omar Faridi  |  

ANZ has announced ANZ Plus Add-Ons, enabling customers to customise their banking experience with a mix of smart money management tools from the bank, and integrated experiences from third-party partners. ANZ Plus Add-Ons include “the new Money Map and Money In & Out. Money Map… Read More

May 15, 2024 @ 9:28 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three months ended March 31, 2024, for both itself and Galaxy Digital Holdings LP. Galaxy says that it continues “to work on completing its proposed reorganization and domestication to become a Delaware-incorporated company and… Read More

May 12, 2024 @ 2:06 pm By Omar Faridi  |  

Betterment, which claims to be the largest independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division has deepened its partnership with XYPN, a turnkey advice and planning platform that seeks to make it possible for fee-only financial advisors to build… Read More

May 12, 2024 @ 12:23 pm By Omar Faridi  |  

FloQast has introduced new feature enhancements to its FloQast Compliance Management solution, including proactive risk assessment, new management of compliance programs, and more. The feature enhancements reportedly “bring greater ROI to chief financial officers and accounting and finance teams through a lower total cost of… Read More

May 10, 2024 @ 9:44 am By Omar Faridi  |  

Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion (NYSE: TRU) released these findings at the company’s 2024 Financial Services Summit. The new TransUnion study, Solving for Z, “explored credit… Read More

May 9, 2024 @ 8:01 am By Omar Faridi  |  

Varo Bank, a federally chartered digital bank, has shared research about the impact of inflation on cash-sensitive consumers in a new Wealth Watch Insights report. The data shows the strain inflation has caused for this demographic, “with 89% of respondents reporting that they now rely… Read More

May 5, 2024 @ 11:30 pm By Omar Faridi  |  

PitchBook has released their latest retail Fintech ecosystem report. PitchBook has commented on their Total deal value: They claim to  have reportedly “recorded $3.2 billion in enterprise fintech VC deal value in Q1 2024, denoting decreases of 36.0% QoQ and 72.9% YoY.” VC deal value… Read More

May 3, 2024 @ 8:49 am By Omar Faridi  |  

Checkout.com, a global digital payments provider, announces a partnership with Mastercard to bring virtual cards to Online Travel Agents. As part of the Mastercard Wholesale Program, which “reduces costs for travel businesses through virtual card technology and an innovative pricing model, customers of Checkout.com will… Read More

May 1, 2024 @ 9:49 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial platform of choice for various companies, announced its partnership with Decathlon Hong Kong, one of the world’s “largest” sports goods companies. Adyen is the end-to-end payment solution provider “for Decathlon Hong Kong’s online store, in-app purchases, and all its eight… Read More