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Social media’s loss is social finance’s big gain. Anthony Noto, Chief Operating Officer for Twitter, has stepped down from his post at the popular social networking platform. His destination? A job as Chief Executive Officer for lending and wealth management firm, SoFi. “We are simply thrilled to have found someone of Anthony’s expertise and knowledge Read more…
Identity verification company Trulioo is extrapolating the use of its know your customer (KYC) solution to Mobile Network Operators (MNOs). Available via Trulioo’s Global Gateway ID verification platform, the new authentication will be used in tandem with more than 200 data sources to help verify consumers’ identities during the onboarding process. Specifically, Trulioo will work Read more…
En route to its launch of a next generation challenger bank later this year, P2P lender Zopa is staffing up its executive ranks. The company announced today that it was appointing a new Chief Financial Officer, Chief Risk Officer, and Chief Customer Officer. At the post of CFO, Steve Hulme comes to Zopa after a Read more…
Cloud accounting platform Xero has added the Development Bank of Singapore (DBS) as a bank partner this week. By teaming up, the two aim to help their mutual small business clients manage their finances. The partnership will allow small business customers who use DBS IDEAL, DBS’s online business banking platform, to opt in to have their Read more…
Private placement platform for capital markets WealthForge is starting 2018 with the announcement that it has reached a new milestone: more than $500 million in investments processed on its platform. “We’re very pleased by the momentum we’re seeing in our business,” said Mat Dellorso, WealthForge Chief Strategy Officer and co-founder of the company. “Our average Read more…
Designed by Naumaan Hassan As Finovate prepares for its first conference in the Middle East, here’s a round up of recent fintech news and need-to-knows from the MENA region. Learn more about how to join us in Dubai in February for FinovateMiddleEast. Dubai-based ArabianChain launches cryptocurrency exchange, Palmex. Qatar commits to building fintech hub. UAE-based Noor Bank announces Read more…
Global payment and receivables solutions company Flywire announced today it has acquired OnPlanU and OnPlan Health, both subsidiaries of OnPlan Holdings. The terms of the deal were undisclosed. OnPlan Health is a web portal and payment solution that offers providers an automated way to settle patient balances. OnPlanU is a student billing and payment solution that enables Read more…
Are you looking for a single API solution to make it easier to comply with the U.K.’s PSD2 and Open Banking API specifications for account information services? If so, Envestnet | Yodlee has got your back. “We are proud to be a leading data aggregator to support the Open Banking movement, a truly revolutionary development Read more…
Global banking company Revolut is further integrating itself into the insurtech industry today. The U.K.-based company launched a pay-per-day travel insurance offering for its users. The new, flexible policy uses geolocation, automatically turning coverage on and off when users leave and return to their home country. When they sign up for the service, users receive medical Read more…
Blackhawk Network has agreed to be acquired by Silver Lake and P2 Capital Partners in a deal worth $3.5 billion. The news comes just one day after the company announced a partnership with China-based digital payment platform Alipay that will enable Blackhawk Network retailers to better serve Chinese visitors to the U.S. Talbott Roche, Blackhawk Read more…
AI savings technology innovator savedroid is leveraging the booming interest in crypto currencies to raise capital: both crypto and conventional. On the crypto-fundraising side, savedroid announced the beginning of its ICO in February. The company noted that the pre-sale of the savedroid token featured more than 3,800 backers and sold out within seven hours. Read more…
Image by Tamer Fahmy As Finovate prepares for its first conference in the Middle East, here’s a round up of recent fintech news and need-to-knows from the MENA region. Learn more about how to join us in Dubai in February for FinovateMiddleEast. Abu Dhabi Global Market (ADGM) and Bahrain Economic Development Board (EDB) forge fintech cooperation agreement, Read more…