Corporate Bank of England has agreed on an initial guarantee of £175 million to a commercial lender, DF Capital. This guarantee will allow Manchester-based DF Capital to provide up to £225 million more in inventory financing each year through commercial floor plans and unit storage solutions for manufacturing companies. UK small and medium enterprises. This
FinTech describes technology that drives innovation in financial services. It drives automation and enhances online business, giving consumers control and management of their accounts. Consumers and businesses can use FinTech every day through automated financial transactions and other technological breakthroughs. We’ll explore how FinTech is modernizing and revolutionizing corporate and consumer financing. What is financial
Momnt, a financial technology company that provides real-time lending and payment solutions to businesses as needed, announced a strategic partnership with Paradigm to launch Paradigm Finance, a platform Leading finance for home improvement contractors. Through this partnership, Paradigm Finance users now have the ability to provision and manage all aspects of point-of-sale financing directly within
FNZ, the global asset management platform, has agreed to acquire YieldX, a US provider of bond portfolio management technology, optimization services and direct indexing tools to the industry. Asset Management. Financial institutions, advisors and their clients will benefit from the unique combination of FNZ’s full-service platform and YieldX’s digital infrastructure and technology solutions. These innovative
The payments industry was once dominated by a handful of giants, but now sees near-constant market entry by fintech companies, each offering disruptive thinking and technology. new technology in this field. This means an innovative mindset must become the norm for any brand looking to influence payments. As we’ve seen in retail, media and banking,
FNZ, the global wealth management platform, is pleased to announce the acquisition of Fondsdepot Bank, one of Germany’s leading independent custody and trading platforms. The acquisition represents FNZ’s further investment in the German market and will bring together the additional strengths of the ebase investment platform, professional wealth management technology provider DIAMOS and Fondsdepot Bank.
Fintech credi2 and Visa, a global leader in digital payments, have signed a strategic partnership within the framework of the Visa Fintech Partner Connect program. Together they have developed a product that is flexible to use and will support “buy now, pay later” (BNPL) payments with Visa credentials in Central European markets in the future.
B2B payments firm Mondu today announced a $13 million Series A expansion round led by Valar Ventures in partnership with FinTech Collective. This new investment follows an impressive first year for Mondu, during which the company has grown rapidly, expanding into new markets and launching a variety of products that have made the financial lives
The world of fintech is changing constantly and rapidly. The ubiquity of smartphones has allowed startups to revolutionize finance with real-time payments and peer-to-peer lending, while AI-powered algorithms are changing the face of investing. and portfolio management. Successful fintech companies are democratizing access to finance by bringing the unbanked into the financial system and enabling
Plum, the smart monetization app, today announced its new positioning “Money Driven” with a TV ad and digital campaign created by Founders Makers. The new campaign conveys Plum’s comprehensive offer to help people save more and build wealth, at a time when financial management is arguably more important than ever. The UK public has a
Relio, a Swiss SME banking startup founded by Lav Odorovic, co-founder of German digital bank Penta, has raised €3 million. Relio is launching a digital payments account for corporate customers built on a platform designed to overcome regulatory and compliance hurdles plaguing similar businesses. “Anti-money laundering compliance issues have remained the weakest link of challenger
There is no doubt that the financial services industry is changing. With the rise of modern fintech companies, traditional banks have been forced to sit up and take notice. The next generation of customers – increasingly tech-savvy consumers – are increasingly drawn to the range of benefits offered by challenger banks. So, with an aging
