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We are only three days into this week, and we’ve already seen a huge wave of fintech funding announcements come in. In fact, there have been not one, not three, not five, but 10 fintech companies that have secured substantial funding rounds this week. This surge signals a promising comeback, hinting at a possible resurgence Read more…
Core banking platform Thought Machine and debt management and collections company Flexys announced a new partnership this week. The partnership will integrate Flexys Control+ debt management platform with Thought Machine’s Vault Core. Rising consumer debt levels and legacy technology in debt management have created processes that are labor-intensive, expensive, and inefficient. To this end, the Read more…
The partnership between core banking platform, 10x Banking, and mortgage origination platform, Mast, will enable real-time connectivity between the two systems. This connectivity will be a boon for lenders, who will benefit from streamlined data exchange. It will also deliver the kind of real-time mortgage servicing that eliminates the need for – and potential complications Read more…
A U.S. presidential election with, essentially, two incumbent presidents running for office. An enduring war in Europe. A new war in the Middle East. Economic instability in China. Lingering inflationary concerns and interest rate volatility. If the fintech industry doesn’t have enough to worry about on its own, the prospect of macro economic and geopolitical Read more…
Get ready Revolut and watch out Wise. There’s a new money transfer app coming to market courtesy of HSBC. The new solution is an app and debit card combo called Zing. The money transfer and currency conversion solution will go live in the U.K. initially. But HSBC has international intentions for the technology. Nuno Matos, Read more…
With a spot Bitcoin ETF expected in 2024, crypto investors, traders, and enthusiasts are likely feeling as optimistic about digital assets as they have in awhile. As the trauma of Sam Bankman-Fried and FTX fades further into the background, the digital asset community has been able to refocus its energies on a number of positive Read more…
Agency execution specialist Liquidnet has turned to investment technology company bondIT to give new tools to traders on its Fixed Income electronic trading platform. Liquidnet will leverage bondIT’s Scorable Credit Analytics to help traders better anticipate market trends. The technology will also help them mitigate credit risk and make more informed decisions quicker. “With this Read more…
Sustainability advisory firm ERM announced a data partnership with Finovate Best of Show winner SESAMm. ERM will integrate data from SESAMm into its ESG screening engine, ESG Fusion. The result will boost the number of documents ESG Fusion screens for ESG-related adverse events by more than 20 billion and increase the number of sources by Read more…
Four months after announcing its plans to delist from the Australian Stock Exchange (ASX), Splitit revealed today that it has officially taken the company private. The buy now, pay later (BNPL) company delisted from the ASX after closing on half of a $50 million growth round. The new round is comprised of two $25 million installments from Read more…
Payments technology and consultancy services company Icon Solutions recently announced it received a new funding installment from Citi Treasury and Trade Solutions (TTS). This marks Icon Solutions’ second funding round since it was founded in 2009. Prior to this round, the company received a Corporate Round in 2020 that was led by JP Morgan Chase. Read more…
Intelligent compliance technology company Napier and client lifecycle management platform KYC Portal have announced a new partnership. The two companies will work together to help companies integrate know your customer (KYC) and compliance processes, removing the problem of siloes from compliance operations. KYC Portal’s KYC Portal CLM is a Customer Due Diligence (CDD) and anti-money Read more…
Netherlands-based fintech platform Adyen and Sweden-based ecommerce solutions provider and shopping platform Klarna are doubling down on their partnership. The two announced this week that Klarna will leverage Adyen’s acquiring capabilities to power card payments for its 150 million consumers and 500,000 retail partners across the globe. The fintechs’ initial partnership dates back ten years, Read more…