Tagged: fintech adoption

March 26, 2024 @ 11:05 pm By Omar Faridi  |  

2023 was a challenging year for the Irish FinTech market, with investments and transactions reaching $60.83 million across 11 deals; this was a significant decrease (94 percent) compared to last year, where investments and transactions totaled over $1 billion across 22 deals, according to the… Read More

March 25, 2024 @ 9:00 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that the largest cooperative financial group in North America, Desjardins Group, will implement nCino’s Automated Spreading Solution, powered by nCino IQ (nIQ), expanding their partnership with nCino “to further… Read More

March 24, 2024 @ 5:48 pm By Omar Faridi  |  

Payments Canada is seeking input on proposed changes to how bill payment remittances are processed through the Automated Clearing Settlement System (ACSS). This includes the potential impact the changes “could have on billers, consumers who make bill payments and any financial institution or organization that… Read More

March 24, 2024 @ 5:46 pm By Omar Faridi  |  

Built, a software platform designed to connect and simplify doing business in real estate, is launching an expansion of its platform to meet the specific needs of real estate owners and developers to improve the movement of money and decision making. Built’s new product for… Read More

March 21, 2024 @ 11:03 pm By Omar Faridi  |  

Brex, the AI-powered spend platform for modern companies, announced the closing of its third securitization transaction out of its previously established Brex Commercial Charge Card Master Trust. The transaction included the “issuance of $260M of charge card asset-based notes rated by Kroll Bond Rating Agency.”… Read More

March 19, 2024 @ 1:35 pm By Omar Faridi  |  

Global financial technology Fintech FIS (NYSE: FIS) has announced that its SecurLOCK card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy. The gains anticipated from this collaboration… Read More

March 17, 2024 @ 11:55 pm By Omar Faridi  |  

Retail Fintech VC deal value rose 5.0% QoQ to $2.6 billion in Q4 2023, according to recent updates from Pitchbook. However, deal value remained down by 18.2% YoY, the Pitchbook report noted. While this represents the third quarter in a row where VC deal value… Read More

March 13, 2024 @ 12:30 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced that OMB Bank has joined the Treasury Prime Bank Network to offer innovative embedded banking solutions to customers in the fintech space. The partnership marks the latest addition to Treasury Prime’s -bank network, which now totals more… Read More

March 12, 2024 @ 11:43 pm By Omar Faridi  |  

Finastra announced that Jefferson Bank, an independent bank serving communities across Texas, has selected Finastra Payments To Go, a payments-as-a-service solution for its new instant payments services. The cloud-based payments solution will “help Jefferson Bank to efficiently deliver both RTP TCH and FedNow services 24/7,… Read More

March 11, 2024 @ 8:00 am By Omar Faridi  |  

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

March 9, 2024 @ 12:07 pm By Omar Faridi  |  

The Investment Association’s (IA) Fintech hub and accelerator, IA Engine, has announced the latest firms to join its Innovator Program, as well as new global Fintech partnerships between Engine and Canada. The following five firms have been chosen to join this year’s cohort, which, during… Read More

March 8, 2024 @ 5:23 pm By Omar Faridi  |  

xpate, a frontrunner in the e-commerce payment solutions sector, announces its migration to Mambu’s cloud banking platform, marking an advancement in its service offerings across Europe. This transition signifies xpate’s commitment “to deploying a robust, scalable architecture that promptly adapts to evolving market demands and… Read More

March 6, 2024 @ 9:56 pm By Omar Faridi  |  

uqudo, the digital identity company in the MEA region, has entered into a collaboration with Tamara, a fintech platform in Saudi Arabia and the GCC region. This strategic partnership represents “a significant milestone in the financial landscape of the GCC, poised to elevate digital transactions… Read More

March 6, 2024 @ 8:31 am By Omar Faridi  |  

Innovate Finance, the independent industry body for UK Fintech, has launched the Unicorn Council for UK Fintech (UCFT), a coalition of UK-based Fintech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council will be “co-chaired by Janine Hirt, CEO… Read More

March 6, 2024 @ 7:34 am By Omar Faridi  |  

To elevate its securities finance offering, CGS International Securities Pte. Ltd., an integrated financial services provider in Asia, has implemented global Fintech Broadridge Financial Solutions, Inc.‘s (NYSE:BR), Securities Finance and Collateral Management (SFCM) platform. The single platform enables CGS International “to minimize costs via automation… Read More

March 5, 2024 @ 3:06 pm By Omar Faridi  |  

TrueNorth, a professional services organization specializing in implementation, systems integration and engineering of digital solutions for the financial services industry, and Brim Financial, a provider of credit card platform as-a-service and one of the fastest growing Fintechs in North America, are excited to announce their… Read More

March 4, 2024 @ 7:04 pm By Omar Faridi  |  

PayQuicker, a Fintech firm focused on the global payouts market, today announced its partnership with MONAT Global, a direct-selling company known for its haircare, skincare, and wellness products. MONAT will leverage PayQuicker’s unique offerings “to streamline commission-based payments to their Market Partners across the globe… Read More

March 4, 2024 @ 7:03 pm By Omar Faridi  |  

STICPAY, a global e-wallet service provider and payment gateway, announces new partnerships with more than 20 Asian local payment providers in a move that makes global payments for Asia’s developing market communities more accessible, integrated, and cost-effective. Across China, India, Hong Kong, the Philippines, Singapore,… Read More

March 3, 2024 @ 11:50 pm By Omar Faridi  |  

Currencycloud, the Fintech firm focused on simplifying business processes in a multi-currency environment, has teamed up with UK-headquartered Fintech company, TangoPay to improve its remittance service for its UK-based expat clients. This enhancement will be achieved by introducing real-time competitive foreign exchange (FX) rates along… Read More

March 2, 2024 @ 4:24 pm By Omar Faridi  |  

Alloy, the identity risk management company behind nearly 600 banks and fintech companies, today announced Alloy for Embedded Finance, a new product custom-designed for sponsor banks, BaaS providers, and their fintech partners to collaboratively manage identity risk and stay ahead of regulatory requirements. Oftentimes, sponsor… Read More