Peach Finance, the leading modern lending and servicing technology platform, has announced that it has joined Mastercard’s Interactive Partner Network as a fintech enabler to help provide consumers with Consume more payment options. The partnership is currently focused on helping lenders develop buy now, pay later (BNPL) solutions leveraging the Mastercard installment program. BNPL is
JG Wentworth is pleased to announce that it has acquired a digital lending platform from Stilt Inc., a personal lending and financial technology company based in San Francisco. Stilt has been backed by leading venture capital firms and has raised $322 million in debt and equity to create a strong end-to-end digital lending and services
Allica Bank, the leading fintech SME challenger bank, has announced a £100 million Series C funding round led by global growth technology investor, TCV, with participation from existing investors Warwick Capital Partners and Atalaya Capital Management. Allica now joins TCV’s strong portfolio of businesses, which also includes household names like Airbnb, Netflix, and Spotify as
Fintech companies have been storming emerging markets for a while. In Latin America, for example, innovations have made it possible for unbanked people to access the financial services they have long awaited. And as mobile adoption has surged in recent years in Africa and Asia-Pacific, new payment solutions have emerged to serve the traditionally excluded.
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
Amex Business Link, a new business-to-business (B2B) payments environment that network issuing and acquiring participants can provide to their business customers, was introduced by American Express. Amex Business Link facilitates domestic and international transactions while taking the card and non-card payments, making it simpler for buyers and suppliers of all sizes to manage payments. The
Positive news, yes? Actually, no. The percentage of after-tax income that consumers save personally is known as the personal savings rate. The increment’s 1% increase is an issue. Among 100 people, none spend. Because they may only purchase in certain quantities, they “save.” Their after-tax income that hasn’t been spent rises along with their income.
OneConnect Financial Technology Limited, a leading provider of technology services to financial institutions in China, announced today that it will change the proportion of American Depositary Shares (“ADS”) that represent equities. ordinary shares from one ADS representing three ordinary shares to one ADS representing thirty shares of common stock. The rate change will take effect
In 2016, Andrew Hoag, a former senior executive at Verisign and web project manager at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for businesses. Hoag’s idea is that the way companies spend their money is changing, especially as they embrace digital transformation, and visibility and control
The closure of a $12 million Series B capital raising was announced today by Strategic Risk Associates (SRA), a top supplier of comprehensive risk and performance management SaaS technology (WatchtowerTM) for the financial services and insurance industries. Along with longtime SRA client, Atlantic Union Bankshares Corporation and other existing investors, this round of funding were
Account-based marketing (ABM) has gained traction in recent years, and according to LinkedIn, 84% of marketers say ABM helps maintain and grow existing relationships significantly. Ultimately, an organization implementing an ABM strategy must be able to understand each person behind an account, because that individual-level understanding is critical to executing with the surgical precision that
Honeywell has announced the release of Honeywell Smart Pay, a contactless software payment solution enabling the company’s powerful mobile to become secure and compliant payment terminals, accepting contactless mobile payments from anywhere a business sells or delivers goods and services. Honeywell Smart Pay gives sales associates and service workers the ability to complete on-site payments in
