Banc of California’s Build@Banc Supports Startups from Seed Investment to IPO
- 8 months 2 weeks ago
- Banking
Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team also provides guidance and resources to help founders choose the right banking solutions and offers introductions to its well-established network of investors and advisers.
Burgan Bank Selects TCS BaNCS to Transform Its Core Banking
- 8 months 2 weeks ago
- Core Banking
Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait.
CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans
- 8 months 2 weeks ago
- Lending
The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.
Earnix Highlights the Potential of Synthetic Data in Specialty Insurance
- 8 months 2 weeks ago
- Insurtech
Earnix, the leading global provider of AI-based SaaS solutions for financial services, today releases a high-level report highlighting the transformative potential of synthetic data to accelerate profitable growth and risk understanding in the context of the unique specialty London insurance market.
Cover Whale Announces $27.5 Million Investment by Morgan Stanley Expansion Capital
- 8 months 2 weeks ago
- Insurtech
Cover Whale Insurance Solutions, Inc., a leading insurtech specializing in connected insurance for commercial auto, today announced funding of $27.5 million in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. The funding round, which also had existing debt investors convert into the Series A preferred, will support Cover Whale's continued growth and accelerate its progress toward transforming trucking insurance...
New Report Provides Critical Insights into CFO Adoption of Generative AI
- 8 months 2 weeks ago
- Artificial Intelligence
As generative AI continues to transform industries, Billtrust, a B2B order-to-cash and digital payments market leader, today released a new report uncovering perspectives from U.S. CFOs on the adoption and impact of this disruptive technology.
BBVA Steps Up Its Plans in Artificial Intelligence by Signing an Agreement with OpenAI
- 8 months 2 weeks ago
- Artificial Intelligence
Five Startups Selected for the 2024 Visa Accelerator Program in Asia Pacific to Tackle Gen AI and Embedded Finance Solutions
- 8 months 2 weeks ago
- Payments
Visa, a global leader in digital payments, unveiled the five new startups selected for its Accelerator Program in Asia Pacific for 2024. This year's applicant pool saw talent from Bangladesh, Hong Kong SAR, Singapore, United States and Vietnam, all tackling cutting-edge solutions in artificial intelligence (AI) / generative AI, embedded finance, global money movement, digital acceptance and loyalty of the future.
Orca Fraud Raises $550k to Fight Fraud in Emerging Markets
- 8 months 2 weeks ago
- Fundraising News
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa.
Metro Cable Teams Up with Velmie to Launch Vult: Revolutionary Digital Wallet in Sierra Leone
- 8 months 2 weeks ago
- E-Wallets
Velmie, a banking technology provider, is proud to announce its collaboration with Metro Cable - Sierra Leone's premier provider of high-speed gigabit internet access - to launch Vult. Vult is a modern digital wallet solution designed to offer users a secure and convenient way to make online transactions, deposits, withdrawals, pay bills and send and receive money in multiple currencies, all within a single platform.
PayRetailers Acquires Payment Company Transfeera in a Strategic Move to Expand Its Business in Brazil
- 8 months 2 weeks ago
- Payments
PayRetailers, one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera, a regulated payment institution in Brazil.
Bakkt Strengthens Leadership Team with Appointment of Ray Kamrath as Chief Commercial Officer
- 8 months 3 weeks ago
- People Moves
Bakkt Holdings, Inc. (NYSE: BKKT) announced today that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt’s crypto business. In this newly created position, Kamrath will report to Andy Main, Bakkt’s Chief Executive Officer.
Square Launches Tap to Pay on iPhone in Canada
- 8 months 3 weeks ago
- Payments
Today, Square launched Tap to Pay on iPhone in Canada, allowing Square sellers to be among the first businesses in the country to try the technology. Available within the Square Point of Sale, Square for Retail, and Square Appointments iOS apps, Tap to Pay on iPhone lets sellers accept contactless payments directly from their iPhone with no additional hardware or payment terminal required and at no additional cost, making it a powerful free to...
Nuvei Expands Leadership to Accelerate Growth with Appointment of Gang Wang as its Chief Technology Officer
- 8 months 3 weeks ago
- People Moves
Nuvei Corporation, the Canadian fintech company, announces today the appointment of Gang Wang as Chief Technology Officer, reporting to Nuvei Chair and CEO Philip Fayer. Wang will lead Nuvei's global technology team together with former CTO Max Attias, who has been appointed to the new role of Chief Information Officer.
Capital on Tap Partners with Plaid in the UK for Streamlined SME Underwriting
- 8 months 3 weeks ago
- Infrastructure
Capital on Tap, the small business credit card and spend management platform trusted by over 200,000 businesses, has expanded its partnership with Plaid to the United Kingdom. This builds upon Capital on Tap and Plaid’s successful partnership in the US, which began back in January 2023.
