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Alternative investments platform YieldStreet made its third acquisition today. The New York-based company announced it has picked up real estate investment platform Cadre for an undisclosed amount. When combined with Cadre, YieldStreet will hold an investment value of more than $9.7 billion and will serve more than 500,000 investors across eight institutional and retail distribution Read more…
Tomorrow marks the final month of 2023. And while it is a good time for organizations to reflect on their progress from the past year, it is also an opportunity to plan for success in 2024. To jump start some new ideas for 2024, check out our conversations with industry experts. Earlier this year, we Read more…
Stock brokerage app Robinhood is making its first geographical move– 10 years after first entering the market in 2013. The California-based company announced today it has launched its brokerage services in the U.K. The move means that Robinhood’s U.K. customers will be able to use the platform to trade more than 6,000 U.S.-listed stocks and Read more…
Effectiveness testing platform Cable has launched its financial crime compliance and transacting testing solution, Transaction Assurance. The new offering automates effectiveness testing to ensure that all transactions are both monitored and tested for potential regulatory breaches or control failures. This helps banks, fintechs, and payment platforms avoid the limitations of manual dip sampling. Cable founder Read more…
Social investing platform eToro announced this week that it is offering a new portfolio to give investors exposure to companies dealing with the challenge of extreme weather events. Environmental and social insights company Clarity AI recently announced that it is partnering with AWS to scale its sustainability insights platform. While not as headline-grabbing as the Read more…
Supply chain finance company Taulia is creating another payment option for its users this month. The California-based company is launching a virtual payment card in partnership with Mastercard and has integrated the new tool across major ERP solutions. Taulia clients will be able to generate virtual cards through Mastercard upon request, which will save time Read more…
How are financial institutions leveraging enabling technologies like AI to deliver better financial services to customers? What insights can be derived from data to make the customer experience in financial services safer, more relevant, and seamless? This year at FinovateFall we heard from fintech analysts and financial services professionals on what financial institutions can and Read more…
What are the biggest challenges facing banks when it comes to modernization and digital transformation? We checked in with Charbel Safadi, President, Modernization and Transformation, with Zafin, to hear his thoughts on what banks and other financial institutions are doing to future-proof their businesses and better serve their customers. Zafin made its Finovate debut in Read more…
Iceland’s largest bank, Landsbankinn, is embracing open banking in its newest partnership with Meniga. The bank has tapped the digital banking platform to offer Payment Initiation Services (PIS) and an Aggregation Service (AIS). The PIS will help the bank’s customers initiate funds transfers to other Icelandic banks without having to leave the Landsbankinn app. With the Read more…
Digital commerce platform FreedomPay announced a new strategic partnership with micro-donation charity Pennies this week. Via the partnership, FreedomPay will integrate Pennies into its technology stack in what FreedomPay SVP of Global Product Delivery Tony Hammond called “a significant milestone in the fusion of commerce and philanthropy, empowering businesses to create a meaningful impact while Read more…
Cloud payments modernization company Volante Technologies has raised $66 million in combined debt and equity financing. The round was led by Sixth Street Growth. Wavecrest Growth Partners and Wells Fargo Strategic Capital also participated in the investment. Today’s funding brings the company’s total outside capital raised to $116 million. Vijay Oddiraju, Volante Technologies CEO, said Read more…
BNP Paribas announced last week that it is partnering with risk management solution provider for factoring and asset-based lending Lenvi. The French bank will deploy Lenvi’s Riskfactor as part of a multi-year contract to help the financial institution mitigate risk and improve operational efficiencies. “Riskfactor allows businesses to harmonize responses and operations across jurisdictions, resulting Read more…