Arch Lending, the most trusted crypto-backed loan provider, today announced $75M in funds raised, including an oversubscribed $5M equity seed round and a $70M loan financing facility. The equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, and more.
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Arch Lending Raises $75M to Build the New Standard of Crypto Lending
Thursday, August 22, 2024 - 14:46
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Financial IT
Lincoln Savings Bank (LSB) Joins American Fintech Council (AFC)
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Lincoln Savings Bank (LSB) as its newest member. Founded in 1902, LSB is owned and managed by Iowans and offers full-service community banking and financial services, in addition to fintech and banking as a service offerings through its LSBX division.
Thursday, August 22, 2024 - 14:35
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Financial IT
Headless Banking and BaaS: Delivering a New Era of Customer-Centric Financial Services
Two transformative models are currently reshaping how financial services are developed, delivered, and consumed across the globe – headless banking and Banking-as-a-Service (BaaS).
Thursday, August 22, 2024 - 14:25
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Financial IT
CBA and BNY Deliver Near Real-Time Cross-Border Payments
Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon (BNY), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds regardless of who they bank with.
Thursday, August 22, 2024 - 13:43
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Financial IT
DNA Payments Launches Pay Solutions on Oracle Cloud Marketplace
DNA Payments has today announced its Pay at Reception, Pay at Counter and Pay at Table solutions are now available on Oracle Cloud Marketplace
Thursday, August 22, 2024 - 12:23
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Financial IT
The Synapse Collapse: Reconciliations Can Mean Survival or Failure
The collapse of US Banking-as-a-Service (BaaS) provider Synapse highlights the importance of accurate reconciliations based on standardised data—and how those reconciliations impact customer fund safeguarding.
Thursday, August 22, 2024 - 11:44
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Financial IT
InvoiceASAP Selects Adyen to Offer Instant Payouts, Leveraging FedNow Certification
InvoiceASAP, a leading provider of invoicing and payment solutions for small and medium-sized businesses, has partnered with Adyen, the financial technology platform of choice for leading businesses, to level up their deposit experience by providing users with instant access to deposited funds.
Thursday, August 22, 2024 - 11:38
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Financial IT
Topper by Uphold and dLocal Join Forces to Expand Payment Flexibility in Emerging Markets
dLocal, the leading cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with Topper, Uphold’s onramp service. Uphold is a multi-asset digital money platform renowned for its ‘Anything-to-Anything’ model.
Thursday, August 22, 2024 - 11:30
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Financial IT
Workpay Raises $5M Series A Investment to Expand HR and Payroll Platform Across Africa
Workpay, the cloud-based HR, payroll and benefits platform for organisations with employees across Africa, today announces that it has raised $5m in a Series A funding round led by Norrsken22. The round also includes participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures and Acadian Ventures, a venture firm which specialises in investment into the next generation of work technologies.
Thursday, August 22, 2024 - 10:49
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Financial IT
Joining the Dots in Online Trading: iFX EXPO Asia 2024
Asia-Pacific (APAC) is one of the world’s fastest growing online trading markets.1 As it continues to grow, Asia’s trading software market is expected to hit a staggering $19.68 billion by 2031, expanding at a CAGR 7.84% between 2024 - 2031.2 In this context, iFX EXPO Asia 2024 presents itself as a launching board for industry players looking to expand in the region.
Thursday, August 22, 2024 - 10:37
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Financial IT
