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A holiday-filled week that began with Father’s Day, continues through Juneteenth, and brings us the first official day of summer. Don’t be surprised if this week yields a lower than usual fintech news flow as the temperatures rise and the days stretch long. We’ll keep you posted if you decide to step outside and enjoy Read more…
It may not be a step on the road to making X a payments superapp, but the decision to partner with eToro to publish investment education content on the social media platform is among the most interesting fintech/financial-related moves from X to date. eToro and X announced this week that they are working together to Read more…
Citi announced today that it is offering faster funds transfers for some clients. Today, the bank unveiled Citi Real-Time Funding (RTF), a real-time funds transfer tool that helps commercial clients move funds between cross-border accounts automatically, based on pre-defined rules. Citi RTF is launching as part of the bank’s real-time treasury suite of solutions for corporate Read more…
Germany-based regtech Hawk announced an extension of its Series B funding round. The amount of the extension was not disclosed, but the company noted that the investment did significantly boost its valuation. The extension included funding from Rabo Investments, and also featured participation from existing investors BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition. Read more…
Decision intelligence solutions company Quantexa announced today that HSBC has selected its newly launched Q Assist, a technology suite to help organizations augment decision-making among frontline and information workers. The Q Assist Technology Suite helps clients leverage context aware generative AI without having to invest much in infrastructure, tooling, or add skilled human resources. Specifically, Read more…
Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. To gain an understanding of the specific implications of the new Read more…
Hours after I published a piece mourning the lack of application of the blockchain in fintech, I get to report on some news that proves me wrong. Digital stock brokerage app Robinhood has agreed to acquire digital currency marketplace Bitstamp for $200 million in an all-cash deal. U.K.-based Bitstamp has offices in Luxembourg, the U.K., Read more…
The U.S. House of Representatives wanted it. The Senate wanted it. Much, if not all, of the cryptocurrency industry wanted it. But on Friday, President Biden made good on his threat to veto a resolution that sought to loosen regulations regarding how financial institutions hold digital assets on their balance sheets. “My administration will not Read more…
Eleos, an insurtech and income protection provider based in the U.K., has raised $4 million in seed funding. Fuel Ventures and Indico Capital led the round, with Berlin-based early-stage investor APX also participating. Eleos made its Finovate debut earlier this year at FinovateEurope in London. “With our new funding we will launch more lines of Read more…
Global identity platform Trulioo announced today it has teamed up with Mastercard to help merchants streamline digital onboarding while helping them combat fraud. Under the agreement, Trulioo will leverage Mastercard’s identity solutions to power two of its products– Person Match and Risk Intelligence. This will offer Trulioo insights into identity and risk scores through a Read more…
JRNI, a leader in global customer engagement for financial services, has integrated with Backbase, adding new appointment scheduling functionalities to the Backbase Engagement Banking Platform. “We believe that the banking experience is enriched by building trust through personal connections,” Backbase general manager of ecosystems Roland Boojien said. “This partnership aims to seamlessly provide convenient personal Read more…
This is a sponsored article by Glassbox. Fintech leaders, C-suite executives, and investors are facing an epic challenge: How do we adapt our customer acquisition strategies as the landscape becomes more competitive? In this article, we’ll highlight the challenges fintech companies face in customer acquisitions and the benefits of digital experience intelligence (DXI) in understanding Read more…