SoFi Launches Small Business Financing Marketplace
- 1 year 1 month ago
- Financial
SoFi, the digital personal finance company, announced today the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by connecting them to SoFi’s network of providers.
Ebury Bank, an Exclusive Brand in Brazil, Focuses on Offering Digital Banking Services for Foreign Trade and Cross-border Solutions for Platforms.
- 1 year 1 month ago
- Banking
Ebury, a global fintech that offers cross-border payment solutions, is advancing in its expansion across Brazil with the launch of the Ebury Bank brand. It acquired the Bexs Group, which includes Bexs Banco (FX) and Bexs Pay (payments), and is now undergoing the last stages of the framework for the transition of controllers, following the procedures of the Brazilian Central Bank.
dpixel Launches the First Venture Capital Initiative in Italy for Startups Through Blockchain
- 1 year 1 month ago
- Lending, Financial
dpixel, the Sella Group's Venture Incubator, has carried out, for the first time in Italy, in partnership with Seed Venture and Lendit, an investment operation in startups through blockchain technology and smart contracts.
73% Regulated Firms Failing to Adopt Open Banking - or Even Verify Source of Funds Manually
- 1 year 1 month ago
- Open Banking
Nearly three-quarters (73%) of regulated firms that take on new individual customers and business clients, have yet to start verifying the sources of their clients’ funds using open banking – a system that provides secure third-party access to financial data through an API (application programming interface).
Panacea Financial Raises $24.5M Series B to Fuel Strategic Growth
- 1 year 1 month ago
- Fundraising News
Panacea Financial, the financial technology company dedicated to providing world-class financial services to doctors and doctors’ practices, today announced that it has raised $24.5 million in Series B funding to fuel its strategic growth among the doctor community. Valar Ventures, a global venture capital fund, was the sole institutional investor in the round.
CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees
- 1 year 1 month ago
- Lending
The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in excessive overdraft fees charged by the natio
Danske Bank Selects Broadridge’s Principal Risk Trading and Market Making Solution
- 1 year 1 month ago
- Trading Systems
Global Fintech leader Broadridge Financial Solutions, Inc. today announced that Danske Bank has selected Broadridge’s multi-asset trading and market-making solution, Tbricks, to support multi-asset trading, pricing and position management across Danske Bank locations. Tbricks offers a modular trading platform with a flexible
Tonik Enters SME Lending
- 1 year 1 month ago
- Lending
Tonik Digital Bank (Tonik), the Philippines’ first digital-only neobank, leveled up its Big Loan catering to a wider range of financial needs for small businesses in the Philippines.
Technology is Creating New Fraud Frontiers - But Consumers Don’t Want AI to Protect Them
- 1 year 1 month ago
- Security
ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The report identifies the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in technology to combat this growing threat. However, a majority of consumers remain uncomfortable with AI, even when it is being used to protect them.
Tower Community Bank Taps FintechOS to Offer Lending Solutions at the Point-of-Sale
- 1 year 1 month ago
- Lending
Today, Tower Community Bank, a stalwart in the Tennessee banking sector for over 50 years, has reimagined its service offerings in the local market through a partnership with FintechOS. By embracing digital innovation, Tower has launched Momentum by Tower, a unique point-of-sale lending platform that empowers local businesses to provide bespoke financing options directly to their customers.
N26 Begins Rollout of New Stock and ETF Trading Product
- 1 year 1 month ago
- Trading Systems
N26 today announced the launch of a new Stock and ETF trading product that will allow all account holders to buy and sell stocks and ETFs for 0.90 EUR per trade, directly in the N26 app. The launch of this new and comprehensive trading product will see N26 continue to expand its offer beyond its digital bank accounts, bringing customers more solutions for savings and investments.
Cross-border Payments Fintech Neo Hits Profitability After Year of Rapid Growth
- 1 year 1 month ago
- Payments
Neo, the cross-border payments and FX fintech has today announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs.
Payhawk Successfully Obtains an Electronic Money Institution (EMI) Licence in the UK and Hires
- 1 year 1 month ago
- Payments
Payhawk, the global spend management solution, is now a licensed Electronic Money Institution (EMI) in the UK. The Financial Conduct Authority (FCA) granted the licence after extensive due diligence into Payhawk's compliance, financial, and operational processes. The new UK EMI license will allow Payhawk to directly issue electronic money, facilitate digital payments and provide card issuance and payment solutions to new and existing UK...
Finbridge Global Attracts £500K Investment, Facilitating Faster, More Effective Partnerships Between Fintechs and Financial Institutions
- 1 year 1 month ago
- Fundraising News
Industrial Thought Ltd.
Synpulse and Instinct Digital Announce Strategic Collaboration to Enhance Digital Transformation for Asset and Investment Managers
- 1 year 1 month ago
- Management
Synpulse, a leading management consultancy specializing in the financial services industry, and Instinct Digital, a cutting-edge technology product company focused on digital-first investment communication platforms, have formed a strategic partnership.
