Today, Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Leveraging Citi’s WorldLink® Payment Services and Mastercard Move’s money transfer capabilities, Citi clients can make near-instant, full-value payments, with near 24/7 availability to consumers using their Mastercard debit card details.

Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $262 million securitization (“LBZZ 2024-3”) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans.

New research from Virgin Money reveals the importance of early financial education and positive money management habits.

In a landmark deal set to put the spotlight on the continued global adoption of real-time account-to-account payments, Banked, a leading global Pay by Bank provider, today announced its acquisition of Australian payment technology firm Waave.

Akur8, the next generation insurance pricing and reserving solution powered by Transparent AI, is excited to announce its new collaboration with RSM US LLP (« RSM »), the leading provider of assurance, tax and consulting services for the middle market. RSM has used Akur8’s Reserving solution for several years and will now leverage Akur8’s Pricing solution (RISK, DEMAND and RATE modules) to provide enhanced actuarial services to its clients.

Farther, the leading technology-centric financial advisory firm, closed a $72 million Series C funding round to expand its advisor network and enhance its wealth management platform. Co-led by CapitalG, the independent growth fund of Alphabet (Google’s parent company), and Viewpoint Ventures, this funding round elevates Farther’s post-money valuation to $542 million.

Wolters Kluwer, a global leader in information, software, and services for professionals, today published a new research report: AI in Finance, from Skepticism to Optimism. The report explores adoption and sentiment related to AI in corporate finance functions.

Chetwood Financial, the fully authorised UK digital bank, has today announced it is rebranding as Chetwood Bank, marking a new chapter in its mission to provide simple, effective financial products with a no nonsense approach to banking. 

The rebrand coincides with the launch of a new Easy Access savings account, which combines competitive rates with flexibility and convenience.