Nubank, one of the largest digital financial services platforms in the world with over 70 million customers across Latin America, announces today the creation of Nucoin, its own cryptocurrency on the Polygon blockchain network. The company’s tokens are expected to be launched in the first half of 2023, will be distributed free of charge to customers
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), has launched a new perpetual KYC solution to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation. The solution, Fenergo Smart Review, automates the ongoing monitoring of customer records for KYC compliance by
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Kiraboshi Bank, a regional bank based in Tokyo, Japan, is live on the nCino Bank Operating System. The JPY 6,361.4 billion-asset Bank implemented nCino’s Commercial Banking Solution to enhance its business financing, part of its journey
Nexi, the European PayTech, and Illimity Bank S.p.A., a high-tech Banking Group, announce a new partnership to support Italian SMEs: b-ilty, Illimity’s digital store of financial and credit services aimed at small and medium-sized enterprises, expands its offering with Nexi’s digital collection solutions. Starting today, Italian SMEs will be able to rent or purchase Nexi’s products and
The origins of blockchain technology can be traced to David Chaum, who first proposed the idea in the early 1980s. You might be most familiar with blockchain today as the home of cryptocurrencies like Bitcoin. In an effort to increase transparency, blockchain technology keeps track of all Bitcoin transactions. However, blockchain technology is not just
bolttech, one of the world’s fastest-growing international InsurTech companies, announced Tokio Marine, alongside other shareholders, will lead bolttech’s Series B funding round. One year after closing the largest Series A funding round ever for an InsurTech, the investment values bolttech, Singapore’s own native InsurTech unicorn, at an up-round valuation of roughly $1.5 billion. Bolttech’s strengths and
Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the UAE to access the power of e-commerce faster and more easily and conveniently. Through this collaboration, Wio Business, the company’s first digital banking application, will enable SMEs and independent contractors—who
Customers in today’s market expect excellent delivery experiences. They aim to improve parcel movement visibility, traceability, transparency, and sustainability. In fact, if their cherished brand falls short of these expectations, customers are willing to switch to alternatives. It is obvious that a lack of visibility into supply chain operations won’t do. How then, can supply
Apple has joined forces with Goldman Sachs to add a high-yield savings account feature to its credit card. Apple Card users will be able to automatically deposit their Daily cashback rewards into a new savings account, which is expected to launch in the coming months. Goldman Sachs offers no fees, no minimum deposit and no minimum balance requirements
Smart money app Plum has secured £1m from investors in the first eight hours of its crowdfund, achieving its initial target. So far, more than 3700 investors from the UK, Greece, Cyprus, France, Bulgaria, Belgium, and Spain have contributed money. Five more days remain for new investments in the crowdfunding project, and additional share allocation is now
OKX, the world’s second-largest cryptocurrency exchange, today announced that it is partnering with Pyth network, a next-generation Oracle solution built on the Solana blockchain and designed to provide trusted and verifiable market data to decentralized applications. “Given the recent liquidation events in DeFi, we understand that a high-performance, robust and low latency market data oracle
Studies show that after a major bank introduced a credit card that was designed to inspire emotional connections with holders, its use increased by 70%. Another showed that emotional connections can increase customer lifetime value by up to 800% for financial services firms. In this video, Business Development Manager for Digital Banking, Ahmed Khidhir breaks
