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
Introduction to Fintech as a Service (FaaS) Fintech as a Service (FaaS) is a business model that allows companies to outsource financial technology (fintech) services to third-party providers. This model provides companies with a more flexible and cost-effective way to access fintech services and improve their financial performance. Let’s explore Fintech as a Service and
STRIPE STORY HAS CREATED $2.5 BILLION Fundraising News 01.02.2023 12: 8 p.m. Stripe is in talks to raise $2.5 billion Stripe hits a massive $2.5 billion funding deal with existing investors that will value the payments giant between $55 billion and $60 billion, according to The Information. This increase would fall sharply from Stripe’s last
Barclays announced a strategy to expand its flexible banking formats, as it evolves its physical footprint to meet changing customer needs. Barclays Local offers live banking support in community locations and new banking modules across the UK. The plans include: Expanding Barclays Local by over 70 sites in 2023, in addition to 200 opened in
Globaleye, an independent international wealth management consulting firm, today launched a new hybrid asset management solution that offers both hybrid and digital asset management advice. Globaleye 3.0 will fill the gap in the region for highly personalized and effective digital consulting. This innovative technology changes the way affluent clients interact with their wealth and financial
Truv has announced a partnership with Totem to enable automated direct deposit transfers through Truv’s authorized consumer data platform for all Totem customers. This partnership is one of many for Truv, where they are helping depository institutions take the direct deposit transfer process from days to seconds. In 2023, depository institutions will see a decrease
Trustly, the global payments platform for account-to-account (A2A) digital transactions, today announced the close of its acquisition of UK-based Open Banking payments platform EcoSpend UK, after being approved by the FCA. Trustly and EcoSpend together become the leading Open Bank payments company in the UK, providing connectivity to over 80 banks and reaching around 50
As the fintech landscape continues to evolve rapidly, a number of emerging trends are likely to shape the future of the industry in 2023. From financial health and digital banking to blockchain technology, there’s a lot to come. exciting opportunities that have the potential to revolutionize the fintech industry. Top FinTech Trends to Watch in
Salv, a regtech startup founded by a group of former Wise and Skype employees, has raised €4 million in an expansion round led by ffVC and with participation from G+D Ventures. Salv Bridge is a real-time crime-fighting collaboration platform that uses the collective power of the network to reduce non-compliance and financial crime. The GDPR-compliant
eTip, a powerful and customizable digital tip solution, today announced a partnership with Visa, the world leader in digital payments. Working together, eTip and Visa are helping hospitality and service customers accelerate digital tip adoption. While cashless payment methods and contactless tipping for restaurant employees have skyrocketed due to pandemic demand, payment methods for hospitality
Apex Corporation, a global financial services provider, today announced its proposed acquisition of Bank of America Custodia Services (Ireland) Limited, the business of Bank of America’s depository in Ireland. Apex Group will acquire BACSIL through its subsidiary, the European Deposit Bank (“EDB”). BACSIL is an inbound and outbound fund custodian solution serving a multitude of
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
