Big Fintechs Are Holding Community Banks “to Ransom” over Customer Data, Warns Fintech CEO
- 10 months 4 weeks ago
- Banking
The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years. Turmakhan’s intervention follows reports that the CFPB will propose a new version of open banking rules following the fintech sector’s fury at plans to scrap them altogether.
Lendflow Launches New AI Automation Suite for Embedded Lending
- 10 months 4 weeks ago
- Lending
Lendflow, a leader in embedded lending infrastructure, announced the official launch of Lendflow Automate, a suite of AI-powered agents designed to optimize workforce efficiency and transform how lending operations are executed.
Inclined Raises $8M Series B to Simplify Liquidity Access to Whole Life Insurance
- 10 months 4 weeks ago
- Fundraising News
Inclined Technologies, the leading technology platform helping consumers maximize the living benefit of the cash value in their whole life insurance policies, today announced the close of its $8M Series B funding round, led by HSCM Ventures. Northwestern Mutual Future Ventures, the venture capital arm of Northwestern Mutual, also participated alongside other new and existing investors.
Street Wallet Secures $350K to Bring Cashless Payments to South Africa’s Informal Economy
- 10 months 4 weeks ago
- Fundraising News
Street Wallet, a South African fintech empowering informal traders and service providers with accessible, low-cost digital payment solutions, has successfully raised US$350,000 (R6.2 million) in a funding round that values the business at US$2 million (R35.5 million). The fresh capital will be leveraged to deepen market penetration, fuel higher sales growth, and expand the company’s footprint across South Africa.
Block Unveils Proto Rig and Proto Fleet, Marking a New Era in Bitcoin Mining
- 10 months 4 weeks ago
- Fundraising News
Block, Inc. today unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific's facility in Dalton, GA, where Proto Rigs are mining as part of their fleet, represents a significant step toward decentralizing bitcoin mining hardware, opening access to more builders, and increasing network...
FIS Launches Investor Services Suite to Transform Investor Servicing Lifecycle
- 10 months 4 weeks ago
- Investment
Global financial technology leader FIS® has launched FIS® Investor Services Suite, an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers.
Cache Raises $12.5M Series A to Expand Tax-Efficient Diversification Platform
- 10 months 4 weeks ago
- Fundraising News
The wealth management industry has long reserved its most sophisticated tools for the ultra-wealthy. For the growing number of investors with concentrated stock positions, often the result of successful equity compensation or investment gains, the traditional options remained limited: hold and bear concentrated risk, or sell and face significant capital gains taxes.
Bitso Appoints Luis Urrutia, a Global Reference in AML and Regulation, as General Counsel and Regulatory Affairs EVP
- 10 months 4 weeks ago
- People Moves
Bitso, Latin America’s leading financial services company powered by crypto, announces the appointment of Luis Urrutia as its new General Counsel and Executive Vice President of Global Regulatory Affairs. This addition to the executive team reaffirms the company's commitment to regulatory excellence and its mission to democratize access to financial services in the region.
Mesh Secures Additional Funding from Investors Including PayPal Ventures to Further Power Crypto Payments
- 10 months 4 weeks ago
- Fundraising News
Mesh, the leading crypto payments network, today announced additional investments from PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures (venture partner for ByBit), SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures and CE-Ventures, bringing total capital funding to more than $130 million. This support positions the company to accelerate its impact on the global payments industry.
MetaComp Executes First Real-World Cross-Border Payment Using CNT® Carbon Stablecoin
- 10 months 4 weeks ago
- Payments
MetaComp Pte. Ltd., a subsidiary of Alpha Ladder Group Pte. Ltd. and a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), has successfully executed the first real-world cross-border payment using the patented CNT® Carbon Stablecoin framework.
Jack Henry's Initial Launch of Tap2Local Will Empower Financial Institutions and Their SMB Customers with Fast, Seamless Digital Payments
- 10 months 4 weeks ago
- Payments
Jack Henry™ today announced the initial launch of Tap2Local™, a new digital payments solution that enables banks and credit unions to meet the evolving needs of their small and medium-sized business (SMB) customers.
Mambu's Cloud Banking Platform Powers OYAK ANKER Bank's Full-Scale Core Migration
- 10 months 4 weeks ago
- Core Banking
Leading cloud banking platform Mambu today announced that OYAK ANKER Bank GmbH has successfully completed a comprehensive, full-stack modernisation and migration of its core banking systems to the Mambu platform, making it one of Germany's most ambitious digital transformation projects, spearheaded by Innovance.
Worldpay and Trulioo Collaborate to Embed Trust in the Agentic Commerce Era
- 10 months 4 weeks ago
- Payments
Worldpay®, a global leader in payment technology, today announced they are partnering with Trulioo, the leading global digital identity platform, to introduce new safeguards for AI-powered agent-led commerce. This collaboration aims to bring trust, consent and accountability to the rapidly evolving landscape of digital payments driven by artificial intelligence.
LHV Partners with Luminance to Transform Legal Operations
- 10 months 4 weeks ago
- Financial
Luminance, the pioneer of Legal-Grade™ AI for enterprise, today announced that leading Banking Services Provider, LHV, has adopted its technology to streamline and enhance contract workflows. As the business continues to scale, the legal team was facing growing volumes of agreements under tight deadlines. Manual review processes were time-consuming and prone to bottlenecks, which led the team to adopt Luminance to improve both accuracy and...
Tampa Bay Lightning Select Global Payments as Their Payments Provider
- 10 months 4 weeks ago
- Payments
Global Payments Inc., a leading worldwide provider of payment technology and software solutions, today announced that the National Hockey League's Tampa Bay Lightning has selected it as payments provider for food and beverage, retail and ticketing, including for all events at AMALIE Arena in Tampa, Florida. This is the fourth National Hockey League team partnership for Global Payments.
