Credit Sesame, one of the first platforms to provide consumers free and ongoing access to their full credit information and profile, is partnering with Green Dot Corporation to power and enhance its Sesame Cash smart digital banking service designed to help customers grow their savings. Leveraging Green Dot’s embedded finance platform, Arc, Credit Sesame will offer users access to FDIC-insured demand deposit accounts (DDAs) at launch.
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Daniel Pugh has been found guilty of fraud, following a prosecution by the FCA.
Mr Pugh, aged 35 and of Devon, set up a Ponzi scheme that netted over £1m. Through his fraudulent Imperial Investment Fund (IIF), Mr Pugh took money from 238 investors he targeted largely through Facebook adverts. They were offered impossibly high returns of 1.4% a day, 7% a week or 350% a year.
Clip, Mexico's leading digital commerce platform, has introduced its new device, Clip Ultra. It joins the company's suite of point-of-sale terminals, offering special features for all types of businesses across the country.
Maybank, Malaysia’s leading financial services group, has entered into a strategic partnership with Microsoft, to accelerate its digital transformation journey and reinforce its commitment in enhancing customer experience. This will see Maybank embracing the power of Microsoft’s collaboration suite, cloud, AI, and security capabilities to drive customer centricity, enhance operational agility, and foster a culture of continued innovation.
Ripple, the leader in enterprise blockchain and crypto solutions, today announced it has agreed to acquire Rail, a stablecoin-powered platform for global payments, for $200 million. With this deal, Ripple and Rail will deliver the most comprehensive stablecoin payments solution available in the market.
Wagestream, the market leader in workplace finance and wellbeing, has announced advancements to its Workplace Loans product. These developments, supported by the £300 million debt financing secured from Citi in April, directly address the issue of inaccessible credit, and reinforce Wagestream’s commitment to providing fair financial services to the everyday worker.
Taxbit, the enterprise-grade tax and accounting compliance platform for digital assets, has partnered with Mural Pay to deploy a payments module that allows any company to integrate stablecoin payments - including invoice generation and tracking - into their day-to-day operations and accurately meet their financial reporting and tax filing requirements.
Thredd, the leading next-generation global payments processor, today announced its partnership with Ontop, the all-in-one global payroll and financial platform helping companies hire, pay, and empower remote talent across 150+ countries. The collaboration will give Ontop’s global workforce and clients a faster, more flexible, and modern way to access and use their earnings, delivering a more frictionless payroll and payments experience.
Thread Bancorp, Inc. and Thread Bank today announced the appointment of Marty Miracle as Chief Digital Officer, further reinforcing Thread’s commitment to digital transformation and technology-driven growth. In this executive role, Miracle will lead the development and execution of Thread’s digital strategy, building on its strong foundation of embedded, business, and personal banking solutions.
Marex Group plc, the diversified global financial services platform, today announces a collaboration with Brevan Howard Digital to utilize Kinexys by J.P. Morgan’s Kinexys Digital Payments in order to reduce settlement risk and facilitate more efficient payments.