Equifax®, a global leader in data, analytics, and technology, has teamed up with Qlarifi, the first real-time consumer credit database specifically designed for Buy Now, Pay Later (BNPL) lending, to conduct a groundbreaking joint study. The focus of the study is to evaluate how the inclusion of Buy Now, Pay Later data affects credit risk
Splitit has joined forces with Samsung to introduce a groundbreaking installment payment feature within Samsung Wallet. This collaboration brings users the ability to make in-store purchases and pay over time, utilizing their existing credit cards directly at the point of sale. This marks a major milestone, as it’s the first time an installment option is
BMO has partnered with financial planning software provider Conquest Planning to introduce ‘My Financial Progress’, a new digital tool designed to help Canadians better manage and understand their finances. This feature is now accessible through BMO’s Mobile and Online Banking platforms and leverages Conquest’s advanced technology to deliver personalized financial guidance that adapts in real
Spinwheel, a prominent leader in real-time consumer credit data and AI-powered payments, has formally announced a strategic partnership with Algebrik AI Inc., a Delaware-based business based in New York City that is credited with creating the first cloud-native, AI-driven, digital-age Loan Origination System (LOS) in history. This partnership is a major step in changing the
Following a formal evaluation by Standard & Poor’s (S&P), a well-known credit rating agency with a stable outlook, Fidelidade – Companhia de Seguros, S.A. and its reinsurance branch, Fidelidade RE – Companhia de Resseguros, S.A., were given long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’. This rating reflects S\&P’s confidence in
Receive, a fintech startup focused on expanding financial access for small and medium-sized businesses, has officially emerged from stealth mode with the announcement of its latest milestone. With the help of further debt financing, the company announced that it has raised its total funding to approximately 7.1 million dollars, including a $4 million startup funding
Finlens, a new AI-powered solution for accounting, has officially launched, aiming to streamline financial processes for startups and accounting firms alike. Backed by Y Combinator and Accel, Finlens positions itself as a tool designed specifically for founders and financial professionals who seek faster month-end closes, real-time financial visibility, and accurate bookkeeping without the usual spreadsheet
Georgia-Pacific has officially announced a significant capital investment in its Englehart OSB (Oriented Strand Board) mill, located in Ontario, marking a major step in the facility’s ongoing growth and modernization. The company plans to invest approximately $140 million USD, equivalent to around $191 million CAD, to upgrade the mill’s infrastructure. This investment will be directed
Lloyds Banking Group is now in the advanced stages of talks to acquire Curve, a well-known financial technology company. The deal, according to sources cited by Sky News, could close as soon as September 2025. The estimated value of the transaction stands at around £120 million. Curve is a strategic addition that Lloyds believes would
Eltropy’s Video Banking solution is transforming how community financial institutions (CFIs) deliver services by enabling secure, face-to-face banking through any digital device. This technology effectively turns smartphones, tablets, and computers into virtual branches, allowing CFIs to offer personal banking experiences remotely while maintaining the human touch that customers expect. The rollout of this platform follows
Global fintech leader iCapital has raised over $820 million in its latest funding round, pushing its valuation beyond $7.5 billion. The financing was co-led by T. Rowe Price and SurgoCap Partners, with ongoing backing from existing investors Temasek, UBS, and BNY, and support from State Street. Founded in 2013, iCapital provides a comprehensive technology and
Leading South African payments infrastructure provider Stitch Group has announced that it has acquired Efficacy Payments, a digital payments business with headquarters in Cape Town that specializes in cash deposit and card acquiring solutions. While the financial terms of the deal remain confidential, the move is positioned as a strategic step to expand Stitch’s role
