Tag: fintech

April 24, 2023

Sharegain’s digital securities lending solution will bolster JP Morgan’s existing client offering for wealth managers and online broker participants across 30 markets. The fintech’s end-to-end digital solution allows investors to generate revenue through loaning out their financial assets – including […]

April 19, 2023

GreenSky, a fintech lender and buy now, pay later (BNPL) provider, was acquired by Goldman in September 2021 in a $2.24 billion deal as it looked to furnish its Marcus banking app with the platform’s capabilities. However, Goldman Sachs folded […]

April 11, 2023

Banks continue to face shrinking margins, skyrocketing customer expectations, technology advancements and an increasingly crowded competitive field — challenging boards and executives with how to stay relevant and prominent in their customers’ financial lives. Exacerbating the issue is that players […]

March 8, 2023

Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities. Almost half of banks surveyed say fintechs, which typically provide […]

March 6, 2023

1. Artificial intelligence (AI) and machine learning (ML) As cybercrime continues to become more sophisticated, banks are adopting technologies that can keep up with the threats. AI and ML are among those technologies that are playing an important role in […]

February 20, 2023

Digital finance teams know the best way to increase efficiency and produce high-quality information is with AI-powered systems. Chen Amit, the co-founder and CEO of Tipalti, shares the top four benefits of incorporating fintech and automation into the finance function. […]

February 16, 2023

Despite the drop, it was still the third-best year for fintech investment ever and the second-best year for deal volume. Global fintech investment dropped by more than 50% in H2 2022 compared to H1 2022, from $119.2 billion to $44.9 […]

January 25, 2023

The total funding is made up of a mix of revolving credit facility capacity and new term loan funding. The revolving credit facility has been provided by Barclays ($100 million) and Angelo Gordon ($60 million), and the $100 million in […]

December 16, 2022

Common banking tasks like depositing a check and using an ATM to withdraw money have been made more accessible to folks with autism, thanks to a new partnership between Huntington Bank and app Magnusmode. Huntington this week became the second […]

November 30, 2022

The unicorn start-up, which raised an additional $50 million in a Series C extension in June maintaining its valuation of over $2 billion, is said to be planning a restructuring that will see dozens of jobs cut and has reportedly […]

November 2, 2022

In the email sent to all employees, Colleen McCreary, Credit Karma’s chief people officer, says the company continues to face “revenue challenges due to the uncertainty of the macroeconomic environment”. The email says the company has increased its headcount by […]

October 13, 2022

“Can Fintech change how traditional banks function?” “What effects will it have on the global economy in the long run?” “Can Fintech match the stability and reliability of traditional banking systems?” Most people have these questions when they first hear […]

October 10, 2022

Fintech partnerships, specifically banking as service arrangements, are changing the risk profile at community banks and require heightened risk management from executives and the board. Banking as a service has evolved from the niche domain of certain community banks to […]

September 29, 2022

In the aftermath of the global financial crisis, fintech companies burst onto the scene with a dizzying array of exciting new products and services. While fintechs are perhaps best known for designing online and mobile applications that make it easy […]

August 22, 2022

On August 15, the Federal Reserve Board (Fed) issued final guidelines, outlining the tiered approach it will use when evaluating the growing requests from fintech firms and cryptocurrency companies for access to master accounts. The guidelines make clear that while […]

August 11, 2022

Arab Palestinian Investment Company (APIC) Chairman and CEO Tarek Aggad announced that APIC achieved net profits from continuing operations of USD 20.4 million in the first half of 2022, versus USD 16.9 million for the same period of 2021, a […]

June 20, 2022

Other investors in the round include footballer Paul Pogba, who has joined Wahed as brand ambassador, and a number of family offices and institutions. The Series B round will support the start-up’s ongoing growth phase, with plans to launch an […]

May 25, 2022

New York-based Chimney’s financial calculators help customers make “smarter” financial decisions. At the same time, Chimney delivers digital tools that help banks, credit unions, mortgage lenders and insurance companies gain “more engagement, more conversations and valuable data”. Matthew Covi, co-founder […]

May 20, 2022

In 2021, The Financial Times sampled companies’ “Flexibility Factor”, a measure of the extent to which businesses are allowing employees to decide where they work once pandemic conditions ease, and established some broad trends. In no real surprise, tech firms […]

May 16, 2022

The global COVID-19 pandemic has shone a floodlight on financial vulnerabilities and the stress they cause for families. A recent survey shows that only 22% of Americans give themselves high scores on their own financial wellness. This is a failing […]