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Regulatory Scrutiny Threatens FinTech Growth: Ex-regulators Raise $1M to Help Comply

AMLYZE, a leading RegTech firm specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, has successfully concluded a $1 million pre-seed investment round. 

Thursday, May 18, 2023 - 06:24
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/news/fundraising-news/regulatory-scrutiny-threatens-fintech-growth-ex-regulators-raise-1m-help
Financial IT
Fintech CANVAS Makes Financial History with First FX Transaction Using Australian CBDC

Global fintech CANVAS, today made financial history by facilitating the first Foreign Exchange transaction using an Australian CBDC. 

Thursday, May 18, 2023 - 06:18
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/news/blockchain/fintech-canvas-makes-financial-history-first-fx-transaction-using-australian-cbdc
Financial IT
Meridian Bank Partners with Corserv to Launch a Business Credit Card Program

Corserv, a company that empowers banks and fintechs with payment programs, has implemented an industry-leading credit card program with Pennsylvania-based Meridian Bank to serve their business and commercial customers.

Thursday, May 18, 2023 - 06:09
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/news/credit-cards/meridian-bank-partners-corserv-launch-business-credit-card-program
Financial IT
Castlepoint Systems, the Multi-award Winning, Ultimate Information Security and Compliance Platform Wins ISACA Innovation Solutions Award

Castlepoint Systems, experts in data management and ethical AI for cybersecurity has won the prestigious ISACA Innovation Solutions Award.

Thursday, May 18, 2023 - 06:04
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/news/compliance/castlepoint-systems-multi-award-winning-ultimate-information-security-and-compliance
Financial IT
Leading Enterprise Crypto Company Ripple Acquires Custody Provider Metaco for $250M

Ripple, the leader in enterprise blockchain and crypto solutions, announced today it has agreed to acquire Metaco, a Swiss-based provider of digital asset custody and tokenisation technology. Diversifying into custody solutions is a milestone in Ripple’s business and product strategy, bringing new revenue opportunities to the company.

Thursday, May 18, 2023 - 05:59
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/news/cryptocurrencies/leading-enterprise-crypto-company-ripple-acquires-custody-provider-metaco-250m
Financial IT
Why Online Payments Are the Next Big Thing in Ecommerce Innovation

Industry players are on a mission to differentiate themselves, while merchants and consumers are demanding innovative ways to pay for what they buy.  A seamless payment experience is becoming more and more important to consumers and therefore merchants as ecommerce continues to be as competitive as ever.

Thursday, May 18, 2023 - 05:57
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/blog/payments/why-online-payments-are-next-big-thing-ecommerce-innovation
Financial IT
Arteria AI Partners With Compliance Systems to Provide Enhanced Digital Documentation Processes For Community Banks and Credit Unions

Arteria AI, an award-winning global leader in enterprise digital documentation infrastructure, today announced its strategic partnership with Compliance Systems, the financial industry’s leading provider of dynamic compliance documentation, to introduce an integrated solution to address the needs for better documentation processes for today’s community financial institutions.

Wednesday, May 17, 2023 - 15:28
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/news/compliance/arteria-ai-partners-compliance-systems-provide-enhanced-digital-documentation
Financial IT
ila Bank Launches ‘alburaq' – a New Islamic Banking Experience in Bahrain

Bank ABC’s commitment to digital disruption remains resolute, as its retail arm ila Bank has launched Bahrain’s exclusively digital, Shari’a-compliant banking offering for individual customers - ‘alburaq.’ This Islamic banking experience from ila Bank brings customers a host of intuitive Islamic banking products and services at their fingertips, through ila’ state-of-the-art mobile app.

Wednesday, May 17, 2023 - 15:15
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/news/islamic-finance/ila-bank-launches-alburaq-new-islamic-banking-experience-bahrain
Financial IT
Lisa Paccione Joins Glia as Executive Vice President of Sales

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automated self-service on a single platform, continues to grow its leadership team, appointing Lisa Paccione as the Executive Vice President of Sales. She brings decades of financial services and mobile technology expertise as well as extensive global sales experience.

Wednesday, May 17, 2023 - 13:38
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/news/people-moves/lisa-paccione-joins-glia-executive-vice-president-sales
Financial IT
wefox Secures $110M with $55M Credit Facility from J.P. Morgan and Barclays

wefox, the Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint.

The funding comes on the heels of wefox delivering a record first-quarter financial performance and signals the company’s clear path towards profitability.

Wednesday, May 17, 2023 - 13:32
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/news/fundraising-news/wefox-secures-110m-55m-credit-facility-jp-morgan-and-barclays
Financial IT

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