Tag: fintech

May 10, 2022

U.S. Bank announced today that it has entered into a collaboration agreement with trade-finance fintech LiquidX to help expedite and simplify supply-chain transactions between suppliers and buyers. This collaboration – which comes at a time of unparalleled stress in the […]

April 21, 2022

U.S. Bank today announced a real-time payment collaboration with Apex Fintech Solutions (“Apex”) to provide greater speed and security to money movement between individual investors and broker dealers. Through its subsidiary Apex Clearing Corporation, Apex provides clearing and custody services […]

March 14, 2022

March is turnover season. Banks have doled out their year-end bonuses. Bankers reevaluate their prospects. Some jump. So the departure late last week of three Citi executives in two separate announcements may not measure more than typical annual flight. Then […]

March 2, 2022

Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes, ensuring customers are identified and rewarded by retailers every time they shop with their card. The loyalty solution will be rolled out to Lloyds’ retail […]

February 17, 2022

Republican members of the Senate Banking Committee defended their boycott of a vote on five Federal Reserve Board nominations, saying that nominee Sarah Bloom Raskin’s testimony about her work on behalf of the fintech company Reserve Trust was deceptive and […]

December 13, 2021

The way in which consumers buy and retailers sell their products has changed dramatically thanks to the available resources of fintech businesses. The pandemic has fuelled the biggest change in the retail experience for the last century. Decade’s worth of […]

November 30, 2021

The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services SMEs and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team, including co-founders Mikhail Kirichenko and Anton […]

November 18, 2021

Discussions of cryptocurrency and decentralized finance typically revolve around trends relating to retail investors. However, recent data suggests that institutions are beginning to invest in digital assets in multiple forms, not least of which is their significant investments into financial […]

September 20, 2021

The deal, which is all stock, is expected to close in 2022. Goldman Sachs sees the deal as a chance for it to boost its entry into consumer finance markets. The US banking giant will furnish its Marcus banking app […]

September 1, 2021

The investments in Fin Venture Capital and Commerce Ventures are a culmination of work carried out by the bank’s dedicated fintech engagement unit, set up five years ago. The unit combines the bank’s various business units with potential fintech partnerships […]

August 30, 2021

The guide acknowledges the growing number of community banks using third-party fintechs to supplement and enhance their services, and says the pairings can lead to increased efficiency and reduced costs, “all bolstering competitiveness.” The partnerships, however — which many community […]

August 10, 2021

In fact, IDC forecasts $6.8 trillion will be spent globally on DX by 2023, with 65% of the world’s GDP being digitalised by 2022. There are many reasons why DX shortfalls occur, painful lessons many in fintech know all too […]

August 9, 2021

Coastal Financial Corp., a $2 billion community banking company in Everett, Washington, was a typical community bank seven years ago. It wasn’t looking to launch a banking-as-a-service (BaaS) division, where the bank would lend out its charter, payment rails and […]

June 29, 2021

JPMorgan Chase’s growth strategy falls in line with a statement CEO Jamie Dimon made at the bank’s 2020 annual investor meeting that it would be “much more aggressive with acquisitions across the board.” OpenInvest was founded in 2015 and has […]

June 11, 2021

The programme, part of the company’s Start Path initiative, aims to give minority-led start-ups access to the support and funding necessary to scale. Start Path participants will receive direct access to the company’s channels, customers and product teams as well […]

June 4, 2021

Due to be launched later this year, it will be the UK’s first green debit card that will let users track, reduce and offset their carbon footprint as they spend, and plant trees with profits. Demand for green fintech solutions […]

June 4, 2021

Synctera’s ability to haul in so much money probably has something to do with the marquee Silicon Valley name leading the company, CEO and co-founder Peter Hazlehurst, who headed ride-hailing company Uber’s management of global money flows. He left last […]

May 19, 2021

Blockchain technologies use a shared ledger of sorts to record transactions over a decentralized network of computational devices. Blockchain technologies enable operations in real time, thus taking away the need for a central clearing authority. This saves time as well […]

May 12, 2021

Visa and Remitly first partnered in 2019 when Remitly connected its money transfer services to the Visa Direct real-time “push payments platform.” At that time, payments using their joint services could be sent to “multiple countries,” but now Remitly says […]

May 11, 2021

Lili, a neobank, announced Tuesday that it has raised $55 million in this latest round of fundraising, giving it $80 million in capital raised so far. Since its prior funding round in November last year, the company’s customer base has […]