European FinTech citizens have chosen an integrated financial infrastructure provider, OpenPayd, as their real-time payment service provider. The partnership will provide Citizen customer end users with a simplified payment experience through OpenPayd’s BaaS platform, which provides plug-and-play banking and payment infrastructure through a single platform. Unique API. Founded by James Neville, former Worldpay CTO, James
Global Screening Services (GSS) and Silent Eight have announced that following a competitive selection process, Silent Eight’s flagship AI technology will make punitive decisions on the GSS platform. By implementing Silent Eight’s (Iris) machine learning platform, GSS will evaluate false positives and detect real potential risks faster. The result will be a significant improvement in
Many communications today, such as e-mail, calls, or text messages, are done wirelessly. But any business in the financial industry knows that efficiently receiving and processing physical packages is crucial to keeping your business running smoothly. Over 35 million packages are shipped every day and this number is only going to grow. In today’s world
Anyfin, a Swedish startup that offers refinancing of consumer loans and credit card debt using a combination of artificial intelligence and snapshots of current statements and payment terms. debt pocketed $30 million in a Series C funding round led by existing investor Northzone. Launched in November 2017, Anyfin founders Filip Polhem, Mikael Hussain and Sven
Australian firm Grapple, which provides working capital loans to small and medium-sized businesses, has reportedly raised $35 million under a warehouse credit facility from financier Global Credit Investments (GCI). based in Sydney. With this money, Grapple hopes to scale and maintain its growth trajectory, according to a report by FinTech Futures. The funds will also
In recent years, fintech is on the rise and with the growing demand for digital solutions to manage financial services, this trend is expected to continue through 2023. There is a growing need for digital solutions to manage financial services. the size of the global fintech market is predicted to total $305 billion by 2023.
St Luke’s has launched its first credit app, TotallyMoney, with a TV and online campaign showing how, with the right advice and support, people can reach higher and achieve get your goal. A recent study by TotallyMoney revealed that 20 million adults are financially inadequate, a number that has increased by 50% in just six
Credit Karma, a consumer technology platform with more than 120 million members in the United States, has announced plans to offer a tax refund-focused experience with Intuit TurboTax. This experience will help members navigate each phase of the 2022 tax season, including helping them estimate refunds and provide personalized recommendations on how to optimize refunds.
Tyndall Federal Credit Union returned $13.7 million of profits back to its members. The payout was given to more than 70,000 qualifying members and deposited directly into their savings accounts. Individual amounts were calculated based on participation with the credit union and ranged from $70 to $420. Over the past five years, Tyndall has given more
Temenos announced that Mbanq, one of the US’s leading Banking-as-a-Service (BaaS) providers, has expanded its relationship with Temenos to accelerate BaaS adoption in the US.’ This agreement deepens cooperation between the companies following the launch of a joint credit union providing services last year (affiliate). Temenos also made a small investment in Mbanq to enter
Embedded banking provider ClearBank Ltd generated £45.4 million in revenue in YTD to October 2022, reaching monthly profitability for the UK-based bank. When compared to the same period in 2021, FinTech’s revenue has nearly tripled. Increased transaction volumes, new client sales, interest revenue, and the expansion of its FX and multicurrency proposition are all contributing factors to
Singapore-based fintech Nium has launched a closed-loop payments solution, Nium Airline Payments (NAP), powered by Universal Air Travel Plan (UATP). NAP aims to provide airlines, travel agents and online travel agents (OTAs) with a sustainable and fair closed payment model that seeks to end harmful surcharges and The no-accept policy restricts companies that are notorious for inflating B2B
